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Bitcoin, USDC stablecoin rally after US intervenes on SVB

SINGAPORE (Reuters) -Bitcoin and other cryptocurrencies rallied on Monday after U.S. authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB) and as cryptocurrency firm Circle assured investors its peg was secure. T

Bitcoin jumps to highest since June as rally gathers pace

LONDON (Reuters) -Bitcoin hit a nine-month high on Tuesday, taking gains past 30% in four days as it shrugged off chaos in global markets after last week's collapse of Silicon Valley Bank and rode expectations that U.S. interest rates won't rise so fast.

Crypto firm Circle hit by Signature Bank closure

Circle, the company behind stablecoin USD Coin (USDC), plans to line up a new transaction banking partner with automated minting and redemption, possibly as early as Monday, Jeremy Allaire, Co-Founder and Chief Executive Officer of Circle said in a tweet.

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Mon,01 Apr 2024

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