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Indian exchange WazirX follows Binance in delisting USDC
19.9.2022
Just like Binance, India-based exchange WazirX will implement BUSD auto-conversion for balances of USDC, USDP and TUSD at a 1:1 ratio in October
Merge Flippening Predictions Fail as Ethereum’s Market Dominance Drops 13% in 30 Days
19.9.2022
During the last 35 days, ethereum has lost a significant amount of market dominance leading up to The Merge. On August 14, 2022, the second leading crypto asset by market capitalization, ethereum, had a market dominance of around 19.5% but three days after the transition to proof-of-stake (PoS)...
Stablecoin Economy Growth Stagnates for 73 Days, USDC Market Cap Slides 5% Lower
18.9.2022
Since the Terra stablecoin fiasco in May, the top stablecoins by market capitalization dropped 10.66% from ​​$171.37 billion to today’s $153.09 billion. During the last two months, the top stablecoins by market capitalization have seen little growth remaining at $153 billion...
Compound Treasury to let institutions use digital assets as collateral when borrowing USD or USDC
14.9.2022
Accredited institutions can borrow USD OR USDC starting at 6% APR, according to the company
Crypto Lender Maker Turns to Staked Ether to Reduce USDC Influence
13.9.2022
The development is part of a move away from centralized crypto products such as stablecoins
Coinbase Offers MakerDAO 1.5% Interest on USDC held at Prime
8.9.2022
Major crypto exchange Coinbase is looking to partner with the largest decentralized lending protocol, MakerDAO. Coinbase has offered to pay MakerDAO 1.5% interest if Maker onboards its holdings of USDC to Prime, Coinbase's institutional-grade investment platform. ...
Read More: Coinbase Offers...
Avalanche flash loan exploit sees $371K in USDC stolen
8.9.2022
The scammer deployed a custom smart contract, leveraging a $51 million flash loan to manipulate the AVAX/USDC Trader Joe LP pool price for a single block
Circle CEO, Paxos, and Trueusd Speak on Binance’s Stablecoin Auto-Conversion Decision
7.9.2022
On September 5, Binance explained that it planned to drop a number of usdc trading pairs and auto-convert specific stablecoin balances into busd by September 29. While the move was controversial among crypto proponents on social media, Circle Financial CEO Jeremy Allaire explained that the change...
Binance Converting USDC and Other Stablecoins to BUSD - A Market Share Grab?
7.9.2022
Binance, the largest cryptocurrency exchange by trading volume, has announced that it is removing support for three major stablecoins including Circle's USDC, Pax Dollar (USDP), and TrueUSD (TUSD) on all its products. ...
Read More: Binance Converting USDC and Other Stablecoins to BUSD - A Market...
First Mover Asia: Binance’s USDC Swap-Out Isn’t What You Think it Is; What's Behind Bitcoin's Late Dive?
7.9.2022
The exchange is hoping to generate one big pool for USD stablecoins to be used for trading and powered by Binance’s USD stablecoin; bitcoin drops below $19K
Who Benefits From Binance Converting USDC to Its Own Stablecoin?
6.9.2022
Circle co-founder says converged dollar books on Binance would be good for USDC
6.9.2022
The world's largest crypto exchange announced yesterday it would cease trading support for USDC and auto-covert deposits to its own stablecoin after Sept 29
Binance: No plans to auto-convert Tether, though that ‘may change’
6.9.2022
The crypto exchange was responding to questions from Cointelegraph after announcing it would cease trading support for USDC and two other stablecoins this month
Binance to Drop USDC Trading Pairs, Plans to Auto-Convert Specific Stablecoin Balances to BUSD
6.9.2022
The world’s largest cryptocurrency trading platform by trade volume, Binance, issued a notice on Monday explaining that the exchange will be removing the stablecoin USDC from the platform’s spot trading pairs list. Binance further details that users holding three types of stablecoins...
Binance, Issuer of 3rd Biggest Stablecoin, to Stop Supporting Larger Rival USDC
5.9.2022
Cryptocurrency exchange Binance is to convert its users' holdings in three major stablecoins - USDC, USDP and TUSD - into its own stablecoin BUSD
Bybit expands spot USDC trading pairs as support for stablecoins grows
31.8.2022
The crypto derivatives exchange has partnered with Circle to expand its suite of USDC offerings; traders will also have access to auto conversions between the stablecoin and U.S. dollars
New Study Says Number of Cryptocurrencies Now at 10,000 — Five Coins Account for 75% of Total Market Cap
31.8.2022
The number of known cryptocurrencies surged from 6,000 in July 2021 to 10,400 in February 2022 before dropping to around 10,000 by August. Only five cryptocurrencies currently account for over 75% of the entire crypto industry market capitalization. A Thousand Cryptocurrencies Added Every Month...
DEX accidentally hits ‘kill-switch’ on mainnet, locking 660,000 USDC inside
30.8.2022
The deployment of a program upgrade went terribly wrong as a fateful “Solana program close” command stopped OptiFi's platform indefinitely
Argentinian Province Mendoza Starts Accepting Tax Payments in Crypto
29.8.2022
Mendoza, an Argentinian province, has implemented a system that allows taxpayers to pay their taxes fully with cryptocurrencies. The system, which was launched this week, is part of a strategic push for the modernization and digitalization of payments carried by the tax authority of Mendoza...
Coinbase Launches Wrapped Ethereum Liquid Staking Token Ahead of The Merge
25.8.2022
The cryptocurrency exchange Coinbase has introduced a new liquid staking ethereum derivative token ahead of Ethereum’s proof-of-stake (PoS) upgrade. The new ERC20 utility token is called coinbase wrapped ethereum, or CBETH, and it will allow people to stake their ether in a non-custodial...