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Circle moves its USDC reserve deposits out of troubled Silvergate Bank
Silvergate bank in a filing on Wednesday said losses might leave it with less capital than it needs.
The bank recently closed its SEN Platform which institutions used to move money to crypto exchanges.
Coinbase, Galaxy, and Paxos have…
Binance CEO Responds to Forbes Article on Fund Shuffling
Binance, one of the world's largest cryptocurrency exchanges, has been in the news recently following a Forbes article that raised concerns about the movement of funds by the exchange. The article highlighted the transfer of $1.8 billion in…
Digital Assets Under Management 5.25% Higher in February — Grayscale Still ‘Most Dominant Player’
The value of digital assets under management (AUM) for digital asset investment products in February rose to $28.3 billion, the highest number recorded since May 2022, according to Cryptocompare stats. The increase came against the…