Tag: reserves
Scrutiny Falls On $43 Billion USDC Stablecoin’s Cash Reserves At Failed SVB
Circle said last week it had cut ties with Silvergate Bank, the crypto-friendly bank that halted operations and said it would “voluntarily liquidate” its assets earlier this week. Signature Bank’s holding company’s (SI) shares have dropped 12% on the news about SVB’s shutdown. Signature said in December that it would reduce deposits tied to crypto firms by as much as $10 billion. Simon Dixon, CEO of online investment platform BnkToTheFuture, tweeted that Circle’s chief executive Jeremy Allaire said the firm held “most of their cash is in BNY Melon,” while sharing a screenshot from March 2. BnkToTheFuture is an investor and shareholder in Circle.
Read more of this story at Slashdot.
Uncertainty stands around multibillion USDC empire as issuer Circle held reserves at Silicon Valley Bank
While the startup world digests the shocking implosion of well-known financial institution Silicon Valley Bank, the fallout may extend to the crypto world as well. One stablecoin in particular, USDC, was known as of January 17 to have held some of its backing capital at SVB, funds that are likely now illiquid for several days. […]
Uncertainty stands around multibillion USDC empire as issuer Circle held reserves at Silicon Valley Bank by Jacquelyn Melinek originally published on TechCrunch
Exchange Proof of Reserves: What It Means & Who is Doing It?!
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Oil producers skeptical of Biden plan to refill U.S. reserves – WSJ
Mum left furious after neighbour ‘reserves’ parking using cones and blocks entire street
A MUM has been left furious after a neighbour reserved parking spaces with cones and ended up blocking off the whole street.
The troublesome resident reportedly tried to save the space outside his home, but has apparently stretched the scheme too far.
The mum raged at her neighbour using cones to block off parking spaces[/caption]
In a post on Mumsnet, the frustrated parent claimed the motorist blocks out not just space for his car, but also enough of an area to move his car into the space.
He even allegedly tries to save spaces for delivery drivers and window cleaners, edging out all the other residents.
The mum fumed: “All residents have to pay for permit parking. Neighbours – who are around 80 – have started putting cones outside their house to reserve their space. They put them over two spaces too, I’m guessing so he has space to manoeuvre in.
“They often put cones out for delivery vans and window cleaners etc, again meaning I can’t park. They are elderly but he’s quite capable of walking and is out and about walking all the time.
Most read in Motors
“It often means I can’t park outside my own house and have to walk around the block with my three-year-old.”
She added that she knows the elderly neighbours would be forced to walk if she took up a space, but argued “that’s just life” in the world of on-street parking.
Commenters were quick to reassure her that she was in the right, especially as the space blocker was taking up many more than needed for his car.
One wrote: “It’s clearly unreasonable. I’d just move them and park there, especially if they’ve blocked off two spaces.”
Read More on The Sun
Another chimed in: “Move the cones every time they put them out. If they need a disabled space outside their house, they can apply for one.”
A third user added they have a similar problem with the neighbour using wheelie bins to block off spaces.
Most read in The Sun
It comes after a furious row over a woman standing in a parking space to reserve it was caught on TikTok earlier this month .
An argument was sparked when a driver tried to park in the space and she refused to move in order to let her husband nab the spot with their car.
Oil Crisis INCOMING? Why US Reserves Are At RISK!!
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Helbiz reports revenue increase but dwindling cash reserves
Kraken Proof of Reserves audit expands to include five new assets
The post Kraken Proof of Reserves audit expands to include five new assets appeared first on Kraken Blog.