The investment arm of major cryptocurrency exchange KuCoin is moving to support new stablecoin initiatives by backing a Chinese yuan-pegged stablecoin issuer. KuCoin Ventures has led a $10 million inv...
Tag: Issuer
Stablecoin issuer CNHC raises $10 million in funding led by KuCoin Ventures
CNHC Group, the issuer of the CNHC stablecoin that is pegged 1:1 to the offshore Chinese yuan, raised $10 million in funding. KuCoin Ventures led the deal, the crypto investment firm said Wednes...
Prompt Regulator Action And Stablecoin Issuer Assurances See USDC Repeg ⋆ ZyCrypto
Advertisement     A March 12, 2023, joint statement by the Department of the Treasury, Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) advised th...
Bank of Russia Registers Another Digital Asset Issuer – Finance Bitcoin News
The Central Bank of Russia has added another entity to its register of authorized issuers of digital financial assets. The platform, called ‘Masterchain,’ becomes the fifth ‘information system operato...
USDC Issuer Circle Reveals It Couldn’t Withdraw $3.3 Billion From Silicon Valley Bank
Stablecoin issuer Circle disclosed late Friday that around $3.3 billion of its $40 billion USDC reserves remained at Silicon Valley Bank. This comes after the high-tech lender’s share price dropped pr...
Stablecoin issuer ECSA secures $3 million in funding
Deals • March 9, 2023, 9:01AM EST Published 1 hour earlier on Brazilian-based stablecoin issuer ECSA raised $3 million to bring the main carry currencies on chain. The pre-seed funding round saw...
TrueUSD issuer Archblock will use Chainlink’s proof-of-reserve
Chainlinks proof of reserve system to be used for the TrueUSD verification TUSD is backed by Us dollars and it is the sixth largest stablecoin with the market capitalisation of the $966 million LINK t...
USDC issuer Circle to increase staff by up to 25% amid layoff season
USD Coin (USDC) issuer Circle plans to increase its workforce by 15–25% in 2023 amid a sea of layoffs across the industry, reported The Wall Street Journal. When a significant chunk of industry-wide f...
Stablecoin Issuer Sets Ambitious Hiring Goals For 2023, Eyes 25% Staff Increase
Stablecoin issuer Circle ended 2022 with approximately 900 employees and has announced plans to add 135 to 225 new personnel this year. The company remains focused on increasing its workforce in order...
The SEC has not ‘Circled’ Around USDC Issuer With Wells Notice
The stablecoin issuer was said to be likely to face regulatory actions Company officials denied any such possibility The rumors and speculations are fatal in themselves but could be disastrous if pla...
Stablecoin Issuer Paxos Categorically Disagrees With SEC’s Notice Alleging That Binance USD Is a Security
New York-based crypto company Paxos is pushing back against the idea that stablecoin Binance USD (BUSD) is a security. In a statement released on Monday, Paxos says it received a “Wells Notice” from t...
USDC Issuer Circle Debunks Rumors Of Being SEC’s Latest Target
The crypto community is still reeling with fear, doubt, and uncertainty (FUD) from the latest regulatory tension in the industry since U.S. regulators have taken enforcement actions on some crypto fir...
USDC Issuer Circle Refutes SEC Enforcement Action FUD
Following the SEC crackdown on Kraken last week and its subsequent threat of action against BUSD issuer Paxos, rumors have been flying about Circle being next. Crypto Twitter was awash with unfounded ...
Stablecoin Issuer Paxos Ceases BUSD Issuance After SEC Reportedly Threatens Lawsuit ⋆ ZyCrypto
Advertisement     In what will be seen as a major escalation in its crypto enforcement agenda, the Securities and Exchange Commission (SEC) is preparing to sue Paxos f...
Paxos Receives Wells Notice from SEC, NYDFS Orders Issuer to Stop Minting BUSD – Bitcoin News
According to a report published on Feb. 12, 2023, the New York-based financial institution and technology company, Paxos, has received a Wells Notice from the U.S. Securities and Exchange Commission (...
Why The SEC Plans To File Lawsuit Vs. Stablecoin Issuer
Paxos Trust Company is on the hit list of the US Securities and Exchange Commission, who is out to slap the financial institution and technology company specializing in blockchain with a court case fo...
BUSD Issuer Paxos Faces SEC Lawsuit Over Binance Stablecoin
The Securities and Exchange Commission is reportedly planning to sue crypto firm Paxos. The enforcement action revolves around Binance’s BUSD stablecoin which is issued by Paxos. The regulator has all...
Stablecoin Issuer Paxos Faces SEC Wrath Over Binance USD
According to reports on Feb. 12 citing ‘people familiar with the matter,’ the SEC plans to take action against Paxos over the Binance stablecoin, BUSD. The WSJ report stated that the financial regulat...
Stablecoin Issuer Paxos Under Scrutiny
The crypto company and stablecoin issuer Paxos is under investigation by a New York-based regulatory body. NYDFS Launches Investigation Against Paxos The New York Department of Financial Services (NY...
New York Regulator Investigates Stablecoin Issuer Paxos
Paxos, a leading stablecoin issuer, is currently under investigation by the New York Department of Financial Services (NYDFS). The investigation comes amid growing concerns about the stability a...
USDT Issuer Clears Unsecured Debt and Profits by $700M in Q4 2022
Tether announced a $700 million profit in the last quarter of 2022. A top-ranking global accounting firm attested to the accuracy of Tether’s reserve. During the 2022 chaotic events, Tether processed...
USDT Issuer Tether Reports $700 Million Profit in Q4 2022
9 hours ago | 2 mins read Editors News At the end of the year, Tether had no commercial paper outstanding. Paolo Ardoino said that Tether is increasing spending on education. According to its most rec...
Just four men controlled 86% of stablecoin issuer Tether Holdings Limited
According to data obtained by The Wall Street Journal in connection with investigations being carried out by authorities in the United States, as of the year 2018, only four people owned 86% of the st...
Stablecoin Issuer Circle Blames SEC for Derailing $9B Plans to Go Public
Circle’s plans to go public last year via a $9 billion SPAC merger failed due to inaction by the United States Securities and Exchange Commission, the crypto firm alleges. The deal between Circle an...
Stablecoin Issuer Tether Refused Help to FTX During Crisis
It’s been almost two months since crypto exchange FTX filed for Chapter 11 bankruptcy, but the dark details of what happened during the crisis continue to pop up even today. As per the latest Forbes r...
USDT issuer Tether would stop making secured loans in 2023, thanks to FUD
USDT has been battling FUD around it in recent months as a result of its exposure to collapsed projects like FTX. Tether has made a move to reduce its secured loan to ensure the stability of the token...
USDT Stablecoin Issuer Tether Pledges to Eliminate Loans by 2023
11 mins ago | 2 mins read Altcoin News As of September 30th, the company claims that it has loaned out $6.1 billion. The company’s total assets surpassed $68 billion in the third quarter alone. In lig...
WEMIX issuer to buyback $10 million of token after exchange delisting
South Korean Blockchain game developer Wemade announced on Friday that it would buy back and burn $10 million in its native cryptocurrency WEMIX to stabilize prices after the top four local crypto exc...
The issuer of USD Coin will not go public
Yesterday, the co-founder and CEO of Circle, the company that issues USD Coin, revealed the termination of the proposed deSPAC transaction. 1/ Some big @circle news. This morning, we announced the te...
Stablecoin Issuer Circle Scraps $9 Billion Deal To Go Public
Stablecoin issuer Circle, a peer-to-peer payments technology company behind the popular USDC stablecoin, was quick to clarify that its decision to abolish its plans of going public has nothing to do w...
USDC Issuer Circle terminates plans to go public
Circle, the cryptocurrency firm behind the stablecoin USDC, has reportedly terminated plans to go public after canceling its special purpose acquisition company (SPAC) transaction with Concord Acquisi...
USDC Issuer Circle Dissolves SPAC Agreement With Concord
10 seconds ago | 2 mins read Altcoin News The Circle’s upper management is dissatisfied with the timing of the deal’s collapse. Circle planned to list on the Nasdaq as a special purpose acquisition co...