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Nigerian Banks Resume Dispensing Recently Demonetized Naira Banknotes
According to local reports, Nigerian financial institutions have begun abiding by a Supreme Court ruling that invalidated the Central Bank of Nigeria (CBN)’s demonetization of the 1,000, 500 and 100-naira banknotes. According to the…
USDC investor shells out $2M to receive $0.05 USDT trying to evade crash
Soon after Circle revealed that Silicon Valley Bank did not transfer $3.3 billion of its USD Coin (USDC) reserves, the market responded with a massive sell-off — depegging the stablecoin from the U.S. dollar. However, not all investors were…
Circle says $3.3B of USDC reserves stuck at Silicon Valley Bank
Circle said it failed to remove $3.3 billion from Silicon Valley Bank.
SVB is under FDIC receivership following its collapse.
USDC depegged following the news, falling 8% to hit lows of $0.91 on Saturday morning.
Circle, the blockchain…