March 15, 2023 – TradingBTC.com

Circle clears ‘substantially all’ minting and redemption backlog for USDC

March 15, 2023 Jesse Coghlan

Stablecoin issuer Circle has announced it has cleared “substantially all” of the backlog of redemption requests for its stablecoin USD Coin (USDC). In a March 15 operational update, Circle said between the morning of March 13 to the close of business on March 15, it had redeemed $3.8 billion USDC and minted $0.8 billion USDC. Update: As of close of U.S. banking operations Wednesday, March 15, we have cleared substantially all of the backlog of minting and redemption requests for USDC. Get the details: https://t.co/5WEAgPps0E — Circle (@circle) March 16,…

Crypto-Friendly Silvergate Was Not Cut Off From Loans, FHLB Says

March 15, 2023 Anthony B

The Federal Home Loan Bank of San Francisco, the bank that supplied $4.3 billion to Silvergate late last year, did not force Silvergate to repay the advances which have been rumored to be the reason why the crypto-friendly bank went into voluntary liquidation, it said. Author: Helene Braun Source link

Openai’s GPT-4 Launch Sparks Surge in AI-Centric Crypto Assets – Altcoins Bitcoin News

March 15, 2023 Jamie Redman

Following Openai’s release of GPT-4, a deep learning and artificial intelligence product, crypto assets focused on AI have spiked in value. The AGIX token of the Singularitynet project has risen 25.63% in the last 24 hours. Over the last seven days, four out of the top five AI-centric digital currencies have seen double-digit gains against the U.S. dollar. An Overview of AI-Centric Crypto Asset Market Moves After GPT-4 Release On March 14, 2023, Openai launched the next iteration of deep learning and artificial intelligence (AI) with the release of GPT-4,…