Key Takeaways BendDAO is a lending protocol for NFTs. The project is currently suffering from an insolvency crisis as ETH depositors have rushed to withdraw their funds, creating a bank run scenario t...
Tag: Reserves
Top Stablecoin Tether (USDT) Slashes Commercial Paper Holdings, Increases Cash and Bank Deposit Reserves
In accordance with promises it made earlier this year, top stablecoin issuer Tether (USDT) has begun to slash its commercial paper holdings. In the second quarter of 2022, Tether reduced its commercia...
Tether Asset Reserves Figures Record Significant Plunge Compared To 2021
Following the collapse of Terra and its ecosystem, there is a considerable reduction of confidence in stablecoins, especially Tether. Most participants in the crypto space have increased doubts about ...
Tether Discloses Asset Reserves Figures After Audit By New Firm
After announcing it joined hands with public accounting firm BDO Italia, Tether had on Friday released details on its reserves. The company that backs the stablecoin said it had reserves amounting to ...
Tether Hires New Auditor BDO Italia For Monthly USDT Reserves Report
Leading stablecoin issuer Tether has hired accounting firm BDO Italia to replace Cayman Islands firm MHA Cayman in overseeing its attestation reports for USDT reserves. The USDT issuer said it plans ...
MakerDAO Co-Founder Proposes Dumping $3.5 Billion USDC Reserves for ETH
MakerDAO co-founder Rune Christensen recently proposed removing all USDC from the DAI stablecoin’s peg-stability module. He suggested that the USDC within, worth $3.5 billion, could be used to buy ETH...
Crypto Exchange Binance Reveals Reserves Backing BUSD Stablecoin in Push for Transparency
The world’s largest cryptocurrency marketplace is sharing data about the money behind its own US dollar-pegged stablecoin. In a new announcement, Binance says that it will regularly provide updates ab...
Tether Fights Back – USDT Reserves Hold No Chinese Papers
Tethe stands strong against rumors regarding Chinese Commercial Paper Tether commits to reduce the Commercial paper count to zero Several countries seems to rundown in the race to introduce stablecoin...
Tether Hits Back at Critics; Clarifies Once Again That It Holds No Chinese CP as Reserves
Stablecoin issuer Tether took to Twitter on July 27 to clarify that it holds no Chinese commercial paper (CP) on the back of industry rumors that continue to claim its portfolio in the vertical is bac...
The Federal Reserve’s inflation fight and the U.S. housing market
The Covid-19 pandemic caused chaos in the U.S. housing market, with prices skyrocketing, inventories dwindling and intense bidding wars. Then came record inflation, which drove the price of everything...
Tesla Sells $936M Of Bitcoin Reserves
The car manufacturing company has sold almost all of its BTC reserves, retaining only 25% of the Bitcoin it purchased last year. Tesla Unloaded BTC in Q2 On Tuesday, Tesla’s earnings report for the s...
Circle’s Reserves Now Worth $55.7B, a New Report Shows – crypto.news
A recent blog post from Circle reveals that the company is holding USDC assets worth $55.7B. The USD Coin holdings consist of cash and US treasuries worth $13.58B and $42.12B, respectively. This reser...
Circle Claims Stablecoin USDC Fully Backed by Cash Reserves
30 mins ago | 2 mins read Altcoin News The firm no longer has any commercial paper on hand. As of June 30, Circle had $42.1 billion in U.S. government bonds. A detailed analysis of the assets underly...
Circle unveils the full disclosure of its USDC reserves
Circle has provided full disclosure of the reserves backing the USDC stablecoin. This is the first time that the stablecoin issuer is providing this disclosure. The move seeks to boost transparency an...
Circle discloses $55.7 billion worth of cash, Treasury reserves
Circle issued its first monthly report closely detailing reserves for its US-dollar backed stablecoin, showing $55.7 billion in cash and three-month US Treasury securities at the end of June. The fin...
Stablecoin Issuer Circle Reveals Comprehensive Breakdown of USD Coin Reserves in Push Toward Transparency
Stablecoin issuer Circle is unveiling a full breakdown of its USD Coin (USDC) reserves as part of its commitment to increase transparency. According to a new company blog post, Circle is issuing its f...
Circle Unveils USDC Liquidity And Availability In Reserves
The entire crypto space felt a negative impact from the failure of the algorithmic stablecoin UST and Terra’s native token, LUNA. Other top stablecoin projects like Tether’s USDT and Circle’s (USDC) h...
Circle Releases USDC Reserves Breakdown Report
Issuing USDC reserves breakdown is an effort towards commitment of trust through transparency – CFO Jeremy Fox-Geen. On Thursday, 14th July, Circle Internet Financial disclosed the breakdown of its US...
USDC Issuer Circle Discloses Its Reserves, Proving Their Liquidity And Availability
After the collapse of the Terra ecosystem (which included its native token LUNA and its algorithmic stablecoin UST), the crypto community started to become more cautious about stablecoins, pushing lar...
Millicent Successfully Accomplishes the First-Ever Test of a General-Purpose Digital Currency with Full Reserves
Co-funded by the UK government’s R&D department, Millicent, a distributed ledger fintech business, has completed the world’s first test of a Full-Reserve Digital Currency (FRDC). With Millicent’s ...
Tether Reveals Celsius Exposure Hardly Affected its Reserves
31 seconds ago | 2 mins read Altcoin News Celsius, a leading crypto loan platform, is now experiencing liquidity challenges. The corporation has maintained that it is in excellent health despite the m...
Miner Reserves Decline By 4300 BTC! What does This Mean For Bitcoin Price? – Coinpedia – Fintech & Cryptocurreny News Media
The hopes of miners of a recovery might have increased due to the increase in the price of the largest cryptocurrency by market capitalization. With BTC hovering around the $22,000 mark, the crypto ma...
Paxos Reveals USDP and BUSD Reserves Challenges Other Stablecoins
Paxos Trust became the first stablecoin issuer to reveal the composition of its reserves for Binance USD (BUSD) and the Pax Dollar (USDP). The disclosure, down to the unique identification number of T...
Bitcoin Miner Reserves Data Reveals Interesting Trading Insights
Even as Bitcoin price continues to hover around $22,000 mark, miners appear to be hopeful of a quick turnaround in fortunes. In the last seven days, Bitcoin price grew from $367 billion on July 1 to $...
Why Is The U.S. Sending Its Emergency Oil Reserves To China?
U.S. SPR release were exported to Europe and Asia last month, including top US geopolitical nemesis in the global arena, China, even as U.S. gasoline and diesel prices hit record highs. The export of ...
Here is How Much TRON DAO Has in Reserves! – Coinpedia – Fintech & Cryptocurreny News Media
On June 18, there was a shakeup in the cryptocurrency market, and Bitcoin fell to a low of $17,593 per unit. The following day, the cost of one unit of Tron’s stablecoin USDD dropped to an all-time lo...
Why crude released from U.S. oil reserves may have ended up being exported overseas
U.S. drivers had high hopes that the historic release of oil from the nation’s Strategic Petroleum Reserve would help ease triple-digit prices of crude oil and reduce gasoline prices at the pump, but ...
Tron DAO Reports Over $2.2 Billion in Reserves, A Guarantee For USDD
– Advertisement – Over $2.2 billion in reserves, a guarantee for 723 million $USDD, have been disclosed by Tron DAO. By continuously adding diverse assets, #TRONDAOReserve is currently h...
Italy Reserves $46 million For Companies To Do Blockchain Research
Italy announces a decree under which it has dedicated $46 million for companies who seek to build subsidiaries and research blockchain. Initiatives regarding IoT, AI and any blockchain will be conside...
Circle releases documents on USDC reserves
The cryptocurrency market has been filled with speculations about the depegging of several stablecoins. Circle’s USDC stablecoin, the world’s second-largest stablecoin by market cap, has displayed a h...
Core Scientific, A Mining Corporation Has Sold More Than 78% of it’s Bitcoin Reserves! – Coinpedia – Fintech & Cryptocurreny News Media
The cryptocurrency market hasn’t shown any signs of strength or pattern reversals. BTC has thus far been unable to establish a new higher high in the daily timeframe. Therefore, it is impossible to pr...
Institutions short Tether amid concerns over stablecoin’s reserves
Short selling on the USDT stablecoin has increased despite Tether assuring the community that its reserves are fully backed. The Chief Technology Officer at Tether, Paolo Ardoino, had posted a thread ...