All of today’s top news stories from firstcoinexchange.com. Get the full analysis behind how media bias impacts breaking news.
In total, 341 have been published by firstcoinexchange.com which Ground News has aggregated in the past 3 months.
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Top firstcoinexchange.com News
Silicon Valley Bank
FDIC to try to auction off Silicon Valley Bank again: report
The Federal Deposit Insurance Corporation (FDIC) told Senate Republicans that they now have additional flexibility to sell the bank. The regulators first attempted an auction of the fallen bank on Mar. 11 only a day after its closure. Bids were only open for a few hours. However, the weekend auction reportedly saw no bids from major U.S. banks.See the Story
80% Center coverage: 5 sources
Do Kwon had the right idea, banks are risk to fiat-backed stablecoins
Binance CEO Changpeng Zhao believes banks are a risk to stablecoins pegged 1:1 with fiat currencies, like the US dollar. Circle disclosed that Silicon Valley Bank (SVB) did not process its $3.3 billion withdrawal request. The crypto market responded to the revelation by selling off their USDC holdings, causing USDC to lose its peg.See the Story
100% Center coverage: 1 sources
Bitcoin Proponents Slam Nobel Laureate Paul Krugman After Venmo Payment Issue – Bitcoin News
Nobel Prize winner Paul Krugman complained on Twitter Wednesday that he was experiencing issues with the centralized payment processor Venmo. His tweet was followed by a barrage of bitcoin supporters who insisted that Krugman was now realizing the importance of censorship-resistant payment systems. Krugman follows the school of Keynesian economics and has been a long-time skeptic of bitcoin.See the Story
Latest News Stories
Business · Circle
Circle taps Cross River as banking partner, expands ties with BNY Mellon
Crypto giant Circle survived a harrowing weekend that saw its flagship USDC stablecoin break its peg to the dollar. As of midnight Sunday, USDC had recovered and was trading at near exact parity with the U.S. dollar. This weekend's USDC turmoil was part of a broader financial conflagration set off by the shocking collapse of Silicon Valley Bank (SVB)See the Story
100% Center coverage: 2 sources
Solo Bitcoin miner defies odds to mine valid BTC block, gets $150K block reward
A solo Bitcoin miner has managed to solve/mine the 780,112th block in the Bitcoin blockchain. The rare event occurred on March 10 and was only the 270th solo mined block in Bitcoin's 13-year-long history. The miner was also lucky to have produced a valid hash just after two days of the mining, as the event itself is rare.See the Story
100% Center coverage: 2 sources
Cryptocurrency Turnover Growing in Russia, Watchdog Reports to Putin – Bitcoin News
Use of cryptocurrencies is increasing in Russia, the head of the country's financial watchdog has informed President Putin. The agency, Rosfinmonitoring, is following thousands of participants in digital asset transactions with a new blockchain analytics system. The watchdog is monitoring the activities of over 25,000 participants in crypto transactions.See the Story
USDC Stablecoin Depegs From $1; Circle Says Operations Are Normal
USD Coin (USDC/USD) has fallen below $0.90, sharply depegging after Circle confirmed exposure to Silicon Valley Bank. Bitcoin and Ethereum struggle with selloff pressure near $20,000 and $1,400 respectively. The events around USDC have seen cryptocurrency exchanges Binance and Coinbase briefly halt conversions involving the stablecoin.See the Story
Coverage: 2 sources