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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…
Algorand Wallets Hacked Again
Algorand-based wallets have been hit by security breaches in recent weeks, with MyAlgo and Algodex both experiencing hacks. MyAlgo urged users to withdraw their assets or rekey their funds after a February security breach that resulted in…
Report: Perth Mint Faces $9 Billion Recall From China Over ‘Doped’ Gold Scandal
Perth Mint, Australia’s official bullion mint, currently faces a $9 billion recall from China for allegedly selling “doped” bullion and attempting to cover it up, as reported by Australia’s ABC News. The practice of doping gold involves…