2 / 2 Relevant items tagged with #Reserves

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Circle reportedly adjusts USDC reserves to avoid US default risk

[May 10, 2023 11:35 PM] The world’s second-largest stablecoin issuer wants to reduce its exposure to potential US debt defaults.

Tether has $1.5B in Bitcoin reserves: BDO Italia

[May 10, 2023 2:30 PM] The financial advisory and accounting firm also revealed that Tether held roughly $3.4 billion worth of precious metals.

Latam Insights: Bolivia Sells Gold for Dollars, Argentina Bans Fintech Crypto, Fitch Upgrades El Salvador’s Credit Rating

[May 8, 2023 3:30 AM] Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Bolivia passes a law to sell gold for dollars, the Central Bank of Argentina bans fintech…

Russia Projected to Start Purchasing Chinese Yuan for Its Foreign Reserves as Soon as May

[May 4, 2023 5:30 AM] Russia will start to purchase Chinese yuan for its international reserves as soon as this month, according to reports from Russian economists. While analysts state that the purchases will be small and symbolic in the beginning, these will…

Global Reserves Held in US Dollars Fell to Less Than 50% — Official States It Has Become a ‘Toxic’ Currency

[Apr 21, 2023 10:00 PM] The percentage of reserves held in U.S. dollars by central banks has fallen to less than half of the global total of reserves, according to a note from Eurizon SLJ Asset Management. The note states that the recent sanctions enacted by the U.S…

Dollar Dominance Fading Amid Growing China Trade, Russia Sanctions Risks, Ray Dalio Says

[Apr 20, 2023 4:30 PM] Fewer nations are willing to hold the U.S. dollar as America’s share in the global economy becomes smaller while China’s role in international trade expands, billionaire Ray Dalio noted. The founder of the world’s largest hedge fund also said thatâ€

The Fall of Medici Bank: Lessons on Fractional Reserve Banking From 15th Century Italy

[Apr 16, 2023 11:30 AM] Amid the banking chaos of the 21st century, some are looking back more than 600 years ago, to the Medici Bank — one of the most powerful banks of its time. It established its business and became one of the most respected banks in Europe during its…

Binance Experiences Significant BTC, ETH, and Stablecoin Withdrawals Following CFTC Lawsuit

[Mar 28, 2023 12:00 AM] After the U.S. Commodity Futures Trading Commission sued Binance for alleged violations of trading and derivatives rules, a significant amount of cryptocurrency was withdrawn from the exchange. Data from analytics provider Nansen shows $400 million…

Analyst Predicts Gold Prices Might Exceed $8,000 in the Next Decade as Central Banks Lose Confidence in Foreign Currency

[Mar 27, 2023 3:30 AM] Jan Nieuwenhuijs, a gold market analyst, has predicted that gold might exceed prices of $8,000 during the next decade, as the current Ukraine-Russia war, and the worldwide battle against inflation, shift the preference of central banks for foreign…

Crypto users turned to DEXs, loaded up on USDC after Silicon Valley Bank crash

[Mar 16, 2023 8:02 PM] The collapse of FTX led to a similar exodus from centralized exchanges, as users worried they may lose access to funds during crises.

Circle ‘able to access’ $3.3B of USDC reserves at Silicon Valley Bank, CEO says

[Mar 14, 2023 8:02 PM] Circle’s earlier disclosure that $3.3 billion worth of USDC reserves were held with Silicon Valley Bank resulted in it losing market share to its competitor USDT.

USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement

[Mar 12, 2023 8:30 PM] The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out…

Central Bank of Bolivia Selling Dollars Directly to Citizens as Devaluation Fears Rise

[Mar 11, 2023 1:30 AM] The Central Bank of Bolivia is now selling dollars directly to citizens in order to curb what it is calling a speculative attack that has increased the demand of the population for foreign currency. This rise in demand has been caused by several…

Bitcoin price drops to $20.8K as regulatory and macroeconomic pressure mounts

[Mar 9, 2023 2:49 PM] BTC margin and options markets are steady, even as investors run for cover as crypto and stock prices fall.

Central Banks Continue to Show Strong Demand for Gold in 2023, Says World Gold Council Report

[Mar 5, 2023 4:30 PM] Central banks show continued demand for gold in 2023, as per a recent report from the World Gold Council (WGC), which noted that the world’s central banks accumulated 31 tons of the precious metal in January. Turkey was the largest gold…

MEXC Global publishes proof of reserves after month long testing

[Feb 23, 2023 2:15 PM] The report showed high reserve ratios for USDT, USDC, BTC, and ETH.

SHIB Token Sees Rise Ahead of Shibarium Beta Launch

[Jan 16, 2023 2:30 PM] The meme token shiba inu has seen a rise against the U.S. dollar during the last seven days as the coin’s supporters anticipate the beta launch of the layer two (L2) scaling solution Shibarium. Developers detailed on Jan. 15, 2023, that the…

More Than $19 Billion in BTC, ETH, Stablecoins Left Exchanges Since the Onset of FTX’s Collapse

[Dec 27, 2022 6:30 AM] For more than 50 days or since Nov. 5, 2022, bitcoin, ethereum, and stablecoin owners removed roughly $19.19 billion in crypto assets from centralized exchanges. Between Nov. 5 to Dec. 26, roughly 356,848 bitcoin and 4.48 million ether were…

Binance addresses 7 instances of recent FUD via Chinese blog post

[Dec 22, 2022 10:25 PM] Binance is fighting back against the tsunami of FUD it has faced in recent weeks.

CryptoQuant verifies Binance's reserves, reports no ‘FTX-like’ behavior

[Dec 15, 2022 10:31 PM] Binance has faced a FUD-storm this week but a new CryptoQuant audit has verified its proof of reserves.

Binance US finally rolls out mobile payments service to US customers

[Dec 14, 2022 12:01 AM] Binance’s US arm has rolled out a feature for US customers called "Pay" which was launched by its global parent to users outside the US in 2021.

Binance sees record 138K BTC inflows as opinions differ on what Bitcoin price will do next

[Nov 18, 2022 5:07 AM] BItcoin exchange inflows echo 2018 crypto capitulation, but the reasons for the largescale moves from Binance remain unclear.