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Circle squashes rumors of planned SEC enforcement action
14.2.2023
Rumors swirled on Twitter that the stablecoin issuer received a litigation notice from the U.S. securities regulator but a Circle executive rebuffed the claim
Binance's Stablecoin Under Fire: Rival Circle Sounds the Alarm to NY Regulators
14.2.2023
Circle, the US-based payments company that issues the stablecoin USD coin (USDC), alleged that major crypto exchange Binance did not fully back some of its own stablecoin proxies - and on Monday, blockchain infrastructure platform Paxos was ordered to cut its connection with Binance in regard...
Binance USD's $16B Market Cap Up for Grabs as SEC-Paxos Suit Stirs Up Stablecoin Rivalry
13.2.2023
Tether’s USDT stablecoin will likely be a big winner as Paxos stops issuing Binance USD stablecoin after being sued by the top U.S. securities watchdog
Stablecoin Market in Flux: More Than $2 Billion in USDC Redemptions in 30 Days
10.2.2023
It appears that the circulation of the stablecoin usd coin has decreased while tether’s has grown, as the latest statistics paint a contrasting picture. Tether saw a 3% increase in coins in circulation over the last month, while the U.S. dollar-pegged crypto asset usd coin recorded a decrease...
Key takeaways from USDC $44.5 reserve report
30.1.2023
Circle has released its reserve report for December 2022 highlighting over-collateralized asset holdings currently backing 44.5 billion USDC tokens in circulation
Circle denies blaming SEC for shuttered $9B plan to go public
26.1.2023
A Jan. 25 report from the Financial Times which was widely shared characterized Circle as having "blamed" the SEC for its "jettisoned" public listing plan
Today in Crypto: Digital Surge Saved from Bankruptcy Following FTX Collapse, Circle Blames US SEC for Failed Merger, Celsius Mulling Issuance of a New Token
25.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Digital Surge Saved from Bankruptcy Following FTX Collapse, Circle Blames US SEC for Failed Merger...
MakerDAO Approves Deployment of $100M USDC on DeFi Protocol Yearn Finance
23.1.2023
The decision opens the way for MakerDAO to earn an estimated 2% annual yield on USDC stablecoin deposits
ZKasino is officially live on Mainnet with USDC and BUSD support
23.1.2023
ZKasino, the emerging on-chain casino, recently announced its official mainnet launch. Players can now access the betting platform on Polygon using USDC and BNB Chain using BUSD. The platform has released a 100,000 dollars free-to-enter lottery to celebrate the launch. Seeing how the casino...
Spanish Airline Vueling to Accept Cryptocurrency as Means of Payment
17.1.2023
Vueling, a low-cost Spanish airline, has announced it is exploring the functionality of blockchain and NFT (non-fungible token) technology to accept cryptocurrency as a means of payment for its services. The company enlisted the aid of Criptan, a registered Spanish cryptocurrency exchange, and aims...
Cornell Professor Warns of Disruption to US Bond Market From Potential Collapse of Major Stablecoin
16.1.2023
A professor from Cornell University has warned about the potential effects a collapse of a major stablecoin could have on the U.S. bond market. Eswar Prasad said that if large stablecoins face a collapse, the number of Treasury bonds they would need to sell could disrupt the U.S. Treasuries market...
USDC transfer volume hit 5X USDT's in fallout from FTX collapse
11.1.2023
Although it has a much smaller market cap, on-chain data shows that USDC has a much greater transfer volume compared to its main competitor USDT
Circle invests 30% of its USDC reserves in US treasuries through a reserve fund
9.1.2023
According to a disclosure page published by BlackRock, Circle has invested 30% of its USD reserves in the US Treasury via Circle Reserve Fund, which is managed by BlackRock. The value of the fund invested comes to approximately $13 billion. The aim is to boost transparency amid the FTX collapse....
What is USD Coin (USDC), fiat-backed stablecoin explained
30.12.2022
USDC is a U.S. dollar-backed stablecoin issued by Circle and Coinbase to combat the price swings of the highly volatile cryptocurrency market
BTC, ETH, ADA, BNB Ranked the Most Watched Crypto Assets in 2022
29.12.2022
Today’s top ten crypto assets make up a large portion of the crypto economy’s current $797.95 billion value on Dec. 29, 2022, and many of them are some of the most popular digital currencies today. While coin market capitalization aggregation sites allow patrons to add their favorite...
The Stablecoin Economy Shed $28 Billion in 2022 After a Handful of Tokens Lost Their $1 Peg
28.12.2022
2022 has been an interesting year for stablecoin assets as the market capitalization of the entire stablecoin economy lost just over $28 billion in value. Moreover, more than $3 billion has been erased from the stablecoin economy during the last 23 days as BUSD shed roughly 23.3% during the last...
Paxful to Drop Ethereum Trading Due to Increased Centralization and Consensus Mechanism Pivot
22.12.2022
Paxful, a New York-based, peer-to-peer (P2P) cryptocurrency exchange, will drop Ethereum trading from its platform on Dec. 22. Ray Youssef, CEO of the company, cited different reasons for this decision, with increased centralization and the recent consensus mechanism pivot amongst them. Youssef...
Crime Investigation: Global Drug Cartel Laundered Millions of Dollars Through Binance
21.12.2022
Major cryptoasset exchange Binance was reportedly used by a Mexican-based internationally-operating drug cartel to launder millions of US dollars - and the exchange helped the authorities identify the suspects....
Read More: Crime Investigation: Global Drug Cartel Laundered Millions of Dollars...
UNHCR Launches Blockchain Payment Solution to Support Ukrainians Displaced by War
17.12.2022
The United Nations High Commissioner for Refugees (UNHCR) recently said it has launched a blockchain payment solution for digital cash distribution to internally displaced persons (IDPs) in Ukraine. According to the agency, the use of the blockchain-based cash distribution system ensures the funds...
Today in Crypto: MoneyGram Partners with Stellar Development Foundation, First Two ETFs Launched in Hong Kong, FTX Wants to Sell Four Subsidiaries
16.12.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: MoneyGram Partners with Stellar Development Foundation, First Two ETFs Launched in Hong Kong, FTX Wants...