USDC issuer, Circle, has issued a statement updating investors on its cash reserves, which are currently stuck with Silicon Valley Bank (SVB). This follows the recent collapse of SVB, which has left the fate of USDC’s funds in question. https://coinseek.me/circle-assures-customers-it-will-cover-any-shortfall/
6 Apr 2023 1 minute read 0 comments Coinseek
Trader Joe, a decentralized exchange (DEX), has surged to become one of the top five DEX platforms by trading volume after the successful launch of its V2 platform on Arbitrum on February 1, 2023. The project's liquidity incentive program, which offe...
3 Apr 2023 1 minute read 0 comments Coinseek
A rogue Ethereum validator successfully stole over $25 million worth of cryptocurrencies from a bot conducting sandwich trades. PeckShieldAlert discovered the theft and revealed that the hacker had deposited the stolen funds into three addresses. Mos...
28 Mar 2023 1 minute read 0 comments Coinseek
On March 28th, THORChain, a decentralized cross-chain liquidity protocol, announced that it had paused all trading due to reports of a potential vulnerability affecting the network. The protocol halted its operations as a precautionary measure while...
27 Mar 2023 1 minute read 0 comments Coinseek
Decentralized protocols on Ethereum’s layer-2 scaling solution, Arbitrum, have seen a surge in value locked. This comes after the much-anticipated ARB token was released through an airdrop to early adopters. According to DeFi Llama, the total locked...
27 Mar 2023 1 minute read 1 comment Coinseek
In recent weeks, US banks have witnessed a significant decrease in deposits, with customers moving their funds from regional banks to larger banks. Meanwhile, Bitcoin has seen a surge in price, with US investors playing a crucial role in the digital...
26 Mar 2023 1 minute read 0 comments Coinseek
Bitcoin’s (BTC) long positions on Bitfinex have dropped as whales suddenly cashed out on March 25 at around 13:00 UTC, according to data from Datamish. These wallets have been inactive since June 2022, with an aggregate value of 12,000 BTC. This move...
12 Mar 2023 1 minute read 0 comments Coinseek
USDC issuer, Circle, has issued a statement updating investors on its cash reserves, which are currently stuck with Silicon Valley Bank (SVB). This follows the recent collapse of SVB, which has left the fate of USDC’s funds in question. Possible sho...
