News
Business and Finance
Coinbase Offered $3 Billion Credit Line To Circle Following USDC’s De-Peg
Coinbase reportedly offered a $3 billion credit line to Circle last week. The funds were meant to serve as a backstop for the reserve that...
Altcoin News
Binance Swapped BUSD In $1 Billion SAFU Fund For TUSD And USDT Stablecoins
Summary:
Binance moved BUSD assets from its Secure Asset Fund for Users fund into two other stablecoins – TUSD and Tether USDT.The crypto exchange made...
Business and Finance
Coinbase ($COIN) Is Looking To Set Up A New Overseas Trading Platform
Coinbase is reportedly looking to set up a trading platform outside the United States. The American has discussed the venture with its institutional clients and...
Bitcoin (BTC) News
Marathon Digital Lost $687 Million In 2022, Q4 Revenue down 58%
Bitcoin miner Marathon Digital posted a loss of $687 million for the year 2022. The firm’s fourth-quarter revenue fell by 58% to just $28.4 million. The...
Bankruptcy
SVB Financial Group Files for Chapter 11 Bankruptcy Protection to ‘Preserve’ Firm’s Value
On March 17, 2023, SVB Financial Group, the parent company of Silicon Valley Bank, filed for Chapter 11 bankruptcy protection in the Southern...