By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Fissures among the progressive left are primarily responsible for the lack of U.S. regulatory progress around stablecoins, says John Rizzo, senior vice president for public affairs at Clyde Group.Publish at: March 13, 2023 at 09:59PM

By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Shares of Euler token fell 50% hours after an exploit on its protocol while First Republic shares fell roughly 62% following U.S. bank turmoil.Publish at: March 13, 2023 at 09:54PM

By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The designation of SVB’s failure as a potential systemic threat gives the FDIC more options to sell the bank.Publish at: March 13, 2023 at 08:54PM

By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The backing Aztec Network is open sourcing the bridge and moving on to next-generation products.Publish at: March 13, 2023 at 08:46PM

By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Michael Barr, the vice chairman responsible for bank supervision and regulation at the U.S. Federal Reserve, is examining how the regulated Silicon Valley Bank met with its rapid collapse last week.Publish at: March 13, 2023 at 08:36PM

By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data A debate from the 2008 financial crisis resurfaces as the FDIC intervenes to help two troubled institutions with crypto connections, says CoinDesk’s David Z. Morris.Publish at: March 13, 2023 at 07:39PM

By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Four funds with about $940 million in gross asset value had exposure to the custodians, as of May 2022.Publish at: March 13, 2023 at 07:24PM

By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data As the wreckage that started inside crypto banking threatens financial institutions beyond the sector’s border, the federal government is eager to make it clear that it’s not going to let it get out of hand. But is it a bailout?Publish at: March 13, 2023 at 07:21PM

By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Circle’s USDC stablecoin had nearly $3 billion in net redemptions since Friday, while the total supply of DAI increased by 1.2 billion tokens over the same time period.Publish at: March 13, 2023 at 07:12PM

By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The change will affect less than 1% of Binance customers, the exchange says.Publish at: March 13, 2023 at 07:11PM