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Who Is Cross River Bank, USDC Stablecoin Issuer Circle’s New Partner?
15.3.2023
The New Jersey-based regional bank has an increased profile after the trio of recent bank collapses – and will likely face added regulatory scrutiny
Russians Use Tether to Send Money to the West, Evading Sanctions and KYC – Transparency International
15.3.2023
Russian banks may currently be cut off from the SWIFT international payments network. But, despite wide-ranging international sanctions against the Kremlin, money keeps flowing between Russia and the West, and a range of brokers are ready to turn Russian rubles into foreign currency abroad, in cash
KuCoin Has Closed a $10M Funding Round Into CNHC. But Is the Offshore Yuan Right for a Stablecoin?
15.3.2023
Circle Ventures, the venture arm of the USDC-issuer, and IDG Capital also joined the round
KuCoin leads $10M funding for Chinese yuan stablecoin issuer
15.3.2023
Circle’s investment arm has joined a funding round for CNHC, the issuer of the eponymous stablecoin pegged to the offshore yuan
Over Two Billion USDC Stablecoin Burnt in Single Day, Data Shows
15.3.2023
USD Coin holders are not rushing back to holding the token just yet
Circle USDC Rebounds From De-Pegging, but Stablecoin Observers See an Uncertain Future
15.3.2023
Nearly 4 billion USDC has been removed from the circulating supply since Friday with more USDC being burned than minted, data shows
National Australia Bank made first-ever cross-border stablecoin transaction
14.3.2023
The “big four” Australian bank is the second to issue a stablecoin and hopes to support transactions by corporate clients by the end of the year
Decentralized Borrowing Protocol Liquity’s LQTY Token Soars Amid USDC Chaos
14.3.2023
The price increase of LQTY comes amid heightened interest in stablecoins following the depegging of USD Coin and the shutdown of several crypto-friendly banks
Binance BUSD Stablecoin Trading Suspended by Coinbase Over Liquidity Concerns – What's Going On?
14.3.2023
Coinbase has proceeded with the planned suspension of Binance USD (BUSD) trading, disabling trading for the stablecoin starting Monday.
"We have disabled trading for Binance USD (BUSD)," the United States-based cryptocurrency exchange said in a March 13 tweet, adding that users will continue...
10 important social media ‘don’ts’ for crypto and blockchain companies
14.3.2023
Bad social media habits can do damage not only to your project and company’s reputation, but also to the burgeoning crypto industry as a whole
Silvergate, SBV collapse ‘definitely good’ for Bitcoin, Trezor exec says
14.3.2023
While Signature’s Barney Frank referred to the recent events with SVB as an “anti-crypto message,” Trezor’s Josef Tetek says they are “definitely good” for Bitcoin
Report: DOJ and FBI Investigating Terraform Labs in Connection to Algorithmic Stablecoin Collapse
14.3.2023
The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd (UST) and the firm Terraform Labs. Unnamed sources say that former staff members from Terraform Labs, the company behind the Terra...
Former CEO of Troubled Crypto Firm Creates New Stablecoin – How Does it Work?
14.3.2023
Flex Yang, the former CEO and founder of Babel Finance, has introduced a new decentralized stablecoin backed by crypto-native reserves and an entire DeFi ecosystem built around it.
Yang claimed the Hope stablecoin blends centralized finance (CeFi), decentralized finance (DeFi) and traditional...
FBI, NY authorities probes collapse of TerraUSD stablecoin: Report
14.3.2023
The controversial founder of Terraform Labs, Do Kwon is at the center of the investigation, despite believed to be hiding out in Serbia
Bitcoin Spike to $24.5K Stemmed From Regulators' Bank Interventions, Binance Stablecoin Conversion, Investor Hopes for Fed Dovishness
14.3.2023
Investment banking giant Goldman Sachs analysts have predicted that the U.S. central bank will not raise interest rates at its next FOMC meeting on March 22, according to a report
Justice Department Investigating TerraUSD Stablecoin Collapse: Reports
13.3.2023
The investigations follow the filing of the SEC’s civil fraud lawsuit against Terraform Labs and Do Kwon last month
Recent contagion was 'TradFi to crypto' and not vice versa — Circle policy director
13.3.2023
“What happened over the last several days was a bit of an ironic black swan situation where the contagion was not from crypto to TradFi," said Caroline Hill
Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits
13.3.2023
Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed by New York regulators, according to a statement from CEO Jeremy Allaire. “The 1:1 redeemability of all USDC in circulation is of paramount...
Bitcoin futures premium falls to lowest level in a year, triggering traders' alerts
13.3.2023
On March 12, Bitcoin futures traded 5.5% below regular spot exchanges, causing volatility in derivatives markets
Stablecoin Trading Dominates Monday’s Crypto Market, Tether and BUSD Sell at Premiums
13.3.2023
On Monday, the crypto economy experienced significant market activity with $183.85 billion in global trade volume over 24 hours, with a large portion of those trades involving stablecoins. USDC traded near parity with the U.S. dollar, and several stablecoins, including tether and BUSD, sold...