reserves

Technology

Circle says $3.3B of ~$40B USDC reserves remain at SVB and invites users to participate in the USDC gift distribution to make up for negative market sentiment (Frank Chaparro/The Block)

[ad_1] Frank Chaparro / The Block: Circle says $3.3B of ~$40B USDC reserves remain at SVB and invites users to…

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Technology

Circle's USDC sees $1B in net redemptions since SVB's shutdown and is slightly depegged, after Circle said SVB is one of six banks managing USDC cash reserves (Krisztian Sandor/CoinDesk)

[ad_1] Krisztian Sandor / CoinDesk: Circle’s USDC sees $1B in net redemptions since SVB’s shutdown and is slightly depegged, after…

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Stock Market

Silvergate Bank Held Reserves for Stablecoins, Raising Investor Protection Questions

[ad_1] Stablecoins are supposed to be the bedrock of the crypto market, faithfully staying pinned to the dollar, even as…

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Business

Federal Reserve’s favoured inflation gauge accelerated in January

[ad_1] The Federal Reserve’s preferred measure of inflation rose more than expected in January, triggering a Wall Street sell-off as…

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Movie/review

Federal Reserve’s rate hikes likely to cause a recession, research says

[ad_1] Can the Federal Reserve keep raising interest rates and defeat the nation’s worst bout of inflation in 40 years…

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Washington

Lawmakers revive legislation in uphill battle to shed light on Federal Reserve’s monetary policy

[ad_1] Nearly 60 Republican lawmakers are renewing a 40-year push to bring the Federal Reserve System under the heel of…

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Technology

Tether claims $700M in Q4 profit, in addition to its reserves, and $67.04B in total assets and $66.08B in liabilities; Tether-secured loans were down by $300M (Yogita Khatri/The Block)

[ad_1] Yogita Khatri / The Block: Tether claims $700M in Q4 profit, in addition to its reserves, and $67.04B in…

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Personal Finance

Here’s what the Federal Reserve’s 25 basis point interest rate hike means for your money

[ad_1] The Federal Reserve raised the target federal funds rate for the eighth time in a row on Wednesday, in its…

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Technology

Accounting firm BDO, whose Italian member BDO Italia recently signed off on reserves reports for Tether, says it is reconsidering its work for crypto companies (Wall Street Journal)

[ad_1] Wall Street Journal: Accounting firm BDO, whose Italian member BDO Italia recently signed off on reserves reports for Tether,…

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Business

US buying 3M barrels of oil to start replenishing reserves

[ad_1] WASHINGTON — The Biden administration said Friday it is buying 3 million barrels of oil to begin to replenish…

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