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XRP Community Seeking New ICOs for Potential 1000% ROI Opportunities – Here’s the Latest
26.3.2024
With XRP (XRP) struggling to keep up with the broader crypto market on Tuesday as traders digest news that the SEC is seeking to impose a crippling $2 billion fine on XRP issuer Ripple, XRP community members are seeking new ICOs that present potential 1,000% return on income (ROI)...
South Korean Altcoin Issuer Arrested on $16.1m Fraud Charges
20.3.2024
A South Korean altcoin issuer has been arrested on fraud charges. Prosecutors in the country have accused him of duping investors out of $16.1 million.
The post South Korean Altcoin Issuer Arrested on $16.1m Fraud Charges appeared first on Cryptonews
Hong Kong Monetary Authority Launches Stablecoin Issuer Sandbox
14.3.2024
On March 12, the Hong Kong Monetary Authority (HKMA) launched what is known as the stablecoin issuer sandbox arrangement. The HKMA stated that applicants interested in establishing a stablecoin business in Hong Kong should have a sound business plan. The regulator also clarified that admission into...
Tether, NAPP of Uzbekistan Sign MoU to Explore Blockchain, Digital Assets
8.3.2024
Tether, the issuer of the world's largest stablecoin by market cap, USDT, is collaborating with the National Agency of Perspective Projects (NAPP) of Uzbekistan. NAPP is tasked with crypto regulation in the country.
The post Tether, NAPP of Uzbekistan Sign MoU to Explore Blockchain, Digital Assets...
Tether Launches Recovery Tool for Migration of USDT Across Blockchains in Case of Disruptions
5.3.2024
Tether, a major stablecoin issuer and one of the leading players in the crypto market, has introduced a recovery tool to facilitate the seamless migration of its USDT stablecoin between different blockchains.
The post Tether Launches Recovery Tool for Migration of USDT Across Blockchains in Case...
Bitcoin ETF Issuer VanEck Has Huge Crypto Growth Goals in Europe
5.3.2024
VanEck, a 69-year-old asset manager with a history of bringing newfangled investments to customers, has high hopes for the role crypto will play in its European division
USDR Issuer Tangible Plans to Redeem Itself as a Layer-2 for Real-World Assets
4.3.2024
First came the literal redemption for failed stablecoin USDR. Now comes the metaphorical redemption as Tangible changes its name to re.al
Coincheck Partners with Circle; USDC’s First Japan Listing Close?
28.2.2024
Circle, USDC’s issuer, has struck a partnership deal with Coincheck, one of Japan’s biggest crypto exchanges – with a view to securing the stablecoin’s first listing in the nation.
The post Coincheck Partners with Circle; USDC’s First Japan Listing Close? appeared first on Cryptonews
Circle and NFT-Driven Game ‘Overdare’ Collaborate on Web3 Wallets and USDC Payouts
26.2.2024
Stablecoin issuer Circle and South Korean NFT-driven metaverse ‘Overdare’ are teaming up to allow game developers to build in-game Web3 wallets within the platform.
The post Circle and NFT-Driven Game ‘Overdare’ Collaborate on Web3 Wallets and USDC Payouts appeared first on Cryptonews
Stablecoin Issuer Circle Announces Discontinuation of USDC Support on Tron Blockchain
22.2.2024
The U.S. financial technology firm Circle said on Feb. 21 that it will discontinue support for USDC on Tron blockchain. The move comes just a few months after Circle refuted allegations that it was Tron blockchain founder Justin Sun’s bank. Despite discontinuing support for USDC on Tron...
Circle Drops TRON Support for USDC, Citing Risk Management
21.2.2024
Stablecoin issuer Circle will stop supporting USDC on the TRON blockchain, as part of concerns under its risk management framework.
The post Circle Drops TRON Support for USDC, Citing Risk Management appeared first on Cryptonews
USDC Stablecoin’s Issuer Circle Dumps Tron Network; TRX Steady
21.2.2024
Circle cited its “risk management” framework as part of the decision, among other factors
$14M Capital Infusion Catapults Ethena Labs’ Valuation; Stablecoin Ranks 9th Largest
16.2.2024
On Friday, Ethena Labs, the creators of the stablecoin USDE, secured $14 million in funding from key investors. Following this recent influx of funds and a previous $6.5 million investment from Maelstrom, overseen by Arthur Hayes, in July 2023, the company’s post-valuation has risen to $300...
Ether-Based Crypto Dollar Issuer Ethena Raises $14M, Opens Access to Public
16.2.2024
Ethena's USDe "synthetic dollar" is independent from the traditional financial system and aims to offer a dollar-denominated, yield-bearing savings vehicle for investors outside of the U.S
Coinbase Suspends PLA Token Trading After PlayDapp’s Smart Contract Suspension
14.2.2024
Coinbase suspended PLA token trading on Wednesday after Web3 gaming platform PlayDapp paused the smart contract’s functionality. “We will continue to monitor developments related to PLA from the issuer and update our customers as more information becomes available,” Coinbase said on X. PLA’s...
South Korean Celebrities Embroiled in Crypto ‘Scam’ Allegations
14.2.2024
South Korean celebrities, including top YouTubers, a veteran of the 2002 World Cup, a race car driver, and a leading comedian have been embroiled in a fast-developing crypto “scam” controversy. The controversy centers around a firm named Winnerz, a South Korean blockchain-powered sports project...
Tether Leads Crypto Mobile App Oobit’s $25 Million Series A Funding
5.2.2024
Tether announced today that it led a $25 million Series A funding round for crypto mobile payments app Oobit. Crypto’s biggest stablecoin issuer said the funding will contribute to Oobit’s ongoing development. The mobile app enables users to tap and pay for goods and services with their...
Stablecoin Issuer Tether Leads $25 Million Funding Round for Mobile Payment Startup Oobit
5.2.2024
On Monday, Tether, the leading issuer of stablecoins, revealed its role as the lead investor in the Series A funding round of mobile payment startup Oobit, which successfully garnered $25 million. The investment round saw contributions from notable entities such as Titan Fund, Solana’s Anatoly...
Tether’s ‘Record-Breaking’ Q4 Profit Partly Attributed to Gold and BTC Price Appreciation
1.2.2024
In the last quarter of 2023, Tether Holdings Limited registered a “record-breaking net profit of $2.85 billion.” Overall, the stablecoin issuer’s net profit in 2023 topped $6.2 billion. Tether’s secured loans ($4.8 billion), which are collateralized by highly liquid...
Do Kwon’s Terraform Labs Files for Bankruptcy Protection in US
22.1.2024
Terraform Labs, the issuer of the collapsed stablecoin TerraUSD (UST), has filed for Chapter 11 bankruptcy protection in the United States. The filing by Terraform Labs was officially submitted to the U.S. Bankruptcy Court for the District of Delaware. This action marks a significant legal step...