The user was reacting quickly to a situation where another user had unbalanced a Curve pool while losing a similar amount of money.
The post Weird crypto quirk sees user turn $1.45 into $2 million appeared first on The Block.
Global asset management firm Brevan Howard is taking over a hedge fund spun off from crypto investment company Dragonfly Capital.
The post Brevan Howard takes over Dragonfly Capital Crypto Fund: Bloomberg appeared first on The Block.
Many stablecoins are trading below their pegs after Circle disclosed that $3.3 billion of USDC’s reserves is with Silicon Valley Bank.
The post USDC and DAI remain at about $0.90 following Circle’s disclosure of funds at SVB appeared first on The Block.
Dragonfly Capital legal counsels break down several crypto court cases that are set to answer critical legal questions for the first time and explain why 2023 is becoming a turning point for crypto regulation and legislation in America.
The post Here are the court cases that will shape the future of crypto appeared first on The Block.
Coinbase has halted conversions between USDC and US dollars, according to a tweet by the exchange-operator.
The post Coinbase halts conversion feature between U.S. dollars and USDC appeared first on The Block.
Circle says USDC’s exposure to Silicon Valley Bank stands at $3.3 billion.
The post Circle says $3.3 billion of USDC reserves are with Silicon Valley Bank appeared first on The Block.
A new bankruptcy filing shows BlockFi has millions in possibly uninsured funds at Silicon Valley Bank.
The post BlockFi has $227 million in uninsured funds in Silicon Valley Bank appeared first on The Block.
Circle, Paxos and Tether are among the stablecoin issuers that say they are diversifying away from or have no exposure to Silicon Valley Bank.
The post Stablecoin issuers seek to diversify banking partners in the wake of Silicon Valley Bank’s meltdown appeared first on The Block.
Crypto prices continued to trade down as market sentiment worsened at the end of the working week.
The post Bitcoin falls to $20,000, leads drop in crypto prices as JPMorgan remains negative on crypto appeared first on The Block.
Silicon Valley Bank has closed by order of the California Department of Financial Protection and Innovation
The post Silicon Valley Bank closed by California regulator appeared first on The Block.
