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Circle Publishes USDC Attestation, Reserve Report Reveals Segregated Accounts in USD-Denominated Assets
20.7.2021
On July 20, the CEO of Circle Internet Financial LLC., Jeremy Allaire, published a blog post that explains the firm’s dollar-pegged stablecoin is backed by “prioritized trust, transparency, and accountability.” Allaire’s blog post follows a letter from the Centre...
After Three Years, Circle Reveals USDC Reserves
20.7.2021
It took nearly three years for US-based crypto company Circle, the issuer of major stablecoin USD Coin (USDC), that is preparing to go public, to finally reveal how this token is backed.
In their latest attestation report, prepared by auditors at Grant Thornton, the company said that, on May...
Despite Negative Press, Binance Is Still the World’s Largest Crypto Spot and Derivatives Exchange
19.7.2021
While Binance has had a few issues with payment service providers and regulators from a few countries, the centralized cryptocurrency exchange is still the largest trading platform in terms of trade volume. During the last 24 hours, Binance has recorded roughly $8.6 billion in swaps and the trading...
Record outflows from Canada’s biggest Bitcoin fund see BTC reserves drop by 50%
15.7.2021
On-chain data shows two dramatic declines in the Bitcoin reserves held by a Canadian Bitcoin fund but there's a catch
3 reasons why Ethereum exchange reserves are falling to new lows
8.7.2021
Ethereum held in exchange reserves reached a new low after a surge in Ether staked in Eth2 and the approach of the long-awaited London hard fork
Coinbase Launches High Yield USDC Accounts With 4% APY
30.6.2021
Coinbase, the largest exchange in terms of crypto reserves held, has announced the introduction of a savings program tied to usd coin. The company’s high yield USDC savings program allows customers to gain 4% APY interest on stablecoin accounts. Coinbase Reveals USDC Savings Program With...
Despite BTC’s Price Drop, Bitcoin Held on Exchanges Is 28% Lower Than Last Year
27.6.2021
While the price of bitcoin is more than 40% lower than it was 90 days ago on March 29, the number of bitcoin held on exchanges has also been reduced. Last year on the same day in June, 2.79 million bitcoin was retained on crypto trading platforms and a year later roughly 28.67% of the […]
Signature Bank’s Blockchain Payment Platform to Accept Trueusd Stablecoin
21.6.2021
As Signature Bank expands its commercial banking offerings, the trueusd stablecoin has been integrated with its Signet blockchain-based digital payment platform to deliver instant dollar payments. Signet Integration to Deliver 24/7 Dollar Payment and Settlement As more enterprises flirt with...
De-Dollarization: Russia Removing All US Dollar Assets From Its $600 Billion National Wealth Fund
5.6.2021
Russia has reportedly announced that U.S. dollar assets will be removed from its National Wealth Fund as U.S. sanctions on Moscow intensify. The fund, which currently totals about $600.9 billion, forms part of Russia’s gold and currency reserves. Russia Steps up De-Dollarization Efforts...
Tether Reveals Its Reserves Breakdown For The First Time
13.5.2021
Tether, the issuer of the most popular stablecoin, tether (USDT), presented its reserves breakdown for the first time.
Per the company, almost 76% of its reserves on March 31 consisted of cash, cash, cash equivalents, and other short-term deposits & commercial paper. Cash's share in this...
Elon Musk Hints at Tesla Accepting Dogecoin for Payments
11.5.2021
Elon Musk, also referred to in social media as the ‘Dogefather,’ due to its affiliation with the Dogecoin currency, has hinted Tesla could start accepting the currency as a payment for its cars. The company, which is now accepting bitcoin as payment for its cars and holds it as part...
US Dollar Share of Global Foreign Exchange Reserves Drops to 25-Year Low
6.5.2021
Serkan Arslanalp is Deputy Division Chief in the Balance of Payments Division of the International Monetary Fund (IMF)’s Statistics Department. Chima Simpson-Bell is an Economist in the same department.
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The share of US dollar reserves held by central banks fell to 59%—its lowest level in...
Tether’s reserves are fully backed, according to latest assurance opinion
29.4.2021
“The group’s consolidated assets exceed its consolidated liabilities,” Moore Cayman wrote of Tether Holdings Limited
The Multi-Billion Dollar Cache: Microstrategy Purchases $15M Worth of Bitcoin, Firm’s Stash Jumps to 91,579 BTC
5.4.2021
The publicly listed firm Microstrategy purchased more bitcoin according to a tweet from the company’s chief executive officer Michael Saylor and a recent Securities and Exchange Commission (SEC) filing. The firm spent $15 million in cash and now holds 91,579 bitcoin in the company’s...
Assurance Report Says Tether Stablecoins Are Fully Backed- Firm Exceeded Its Consolidated Liabilities
1.4.2021
The company behind the world’s largest stablecoin disclosed a report by aiming to show “transparency commitment” to clarify whether Tether’s reserves are fully backed or not. Tether Holdings Limited published its “Assurance Opinion” issued by an auditing firm...
Stablecoin reserves on crypto exchanges hit new historic high of $10B
29.3.2021
Cryptocurrency exchanges continue accumulating massive amounts of stablecoins like Tether and USDC Coin
Bitcoin buyers mean business as Coinbase reserves drop $8B in 3 months
26.3.2021
Demand for Bitcoin remains solid and is fuelling a "supply shock" that shows no sign of abating, even at $50,000 and higher
Exchange reserves plunge to pre-$61K lows: 5 things to watch in Bitcoin this week
22.3.2021
Hodlers are being patient amid warnings that a continuation of Bitcoin's bull run may take "some time" thanks to mixed messages from on-chain indicators
Canadian Condo Company Invests in Bitcoin, Hopes to Become ‘Self-Sustaining Real Estate’
19.3.2021
A few months ago a trend started where well known businesses like Microstrategy, Square, and Tesla started adding bitcoin to their company balance sheets. Now a Canadian condominium company has decided to invest in bitcoin in order to replace some of the firm’s reserve fund with crypto....
Philly t-shirt company allocates $1M of its cash reserves to BTC / ETH
12.3.2021
Roughly 30% of the $1 million has already been put toward crypto purchases