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Tag: Reserves
Circle Taps New York Community Bank as its Latest Custodian for USDC Reserves
Circle has tapped a New York state-based community bank as its latest custodial provider for USDC reserves. The move reflects Circle’s strategy to deepen partnerships with Community Banks across the U...
Tether Cuts Down Its Commercial Paper Reserves By 58% – crypto.news
The Stablecoin issuer has confirmed the reduction of its commercial paper reserves, addressing the speculations of lack of support for its USDT token. Tether Seeks to Tackle Quality With Reduction of ...
KuCoin CEO dismisses rumors of halting withdrawals, reserves right to legal action
Cryptocurrency exchange KuCoin today denied “rumors” suggesting that the company might halt withdrawals owing to losses suffered amid recent market turmoil. Johnny Lyu, the CEO of KuCoin, tweeted tha...
Tether Reduces Commercial Paper Reserves by Another $5B
Key Takeaways Tether is reducing its paper asset reserves by almost $5 billion. The company is trying to increase its share of U.S. treasury bills and intends to bring its paper holdings to zero. The ...
CryptoQuant CEO: ‘Stablecoins On Exchanges Now Worth Half of Bitcoin Reserves, Time To Deploy Stablecoins to Buy BTC’
– Advertisement – CryptoQuant CEO Says It’s Time to Buy Bitcoin (BTC) As Stablecoin Volume On Exchanges Surges. The CEO of a leading cryptocurrency analytics company is confident that cryp...
BIS May Allow Banks To Hold 1% Of Reserves In BTC
The Bank for International Settlements has always maintained a skeptical stance regarding cryptocurrencies, which was further exasperated after the recent crash. However, it seems to have softened its...
Banks can have a maximum 1% of reserves in Bitcoin
According to the Basel Committee on Banking Supervision, financial institutions should comply with a cap on the amount of Bitcoin they hold. This figure has been set at 1%, or at least that is the pro...
USDC Exchange Reserves Rise As Investors Escape From Bitcoin
On-chain data shows the USD Coin exchange reserves have gone up recently, suggesting that investors may be exiting volatile markets like Bitcoin. USD Coin All Exchanges Reserve Has Been Climbing Up Re...
Bank for International Settlements to allow banks to keep 1% of reserves in Bitcoin
Despite its skeptical approach to digital currencies, exacerbated by the recent cryptocurrency market crash, it looks like the Bank for International Settlements (BIS) intends to extend its hand to th...
Circle Partners With New York Community Bancorp — Bank to Custody USDC Reserves – Finance Bitcoin News
Circle Internet Financial has revealed a usd coin custody partnership with the American bank holding company New York Community Bancorp (NYCB). Under the agreement, NYCB’s subsidiary, New York Communi...
Bitcoin Miners selling their BTC Reserves: BTC to plunge more
According to cryptocurrency analytics company Arcane Research, if public Bitcoin miners sell a lot of their supply, “it might contribute to pushing the Bitcoin price further down.” According to recent...
Vladimir Putin predicts the world will shift reserves from Western currencies
The inflation levels globally have risen massively over the past year. According to the President of the Russian Federation, Vladimir Putin, the United States and other Western countries had caused th...
Vladimir Putin Slams Western Monetary Policy, Predicts Global Shift to Commodity Reserves
Russian President Vladimir Putin recently blamed the United States and other G7 countries for causing rampant inflation in global commodities markets. Under these circumstances, he predicts the world ...
Public Bitcoin Miners Are Selling Off BTC Reserves as Crypto Winter Sets In
It must be a bear market if Bitcoin mining companies, usually the ultimate HODLers, have started selling their stashes. Publicly traded Bitcoin miners, like Marathon Digital and Riot Blockchain, sold ...
Tether Prepares Full Audit to Improve USDT Reserves Transparency
Tether, the world’s largest stablecoin with $68 billion in assets, will undertake a full audit with a top 12 accounting firm in order to improve transparency of its USDT reserves. The move comes as US...
Tether (USDT) Ready for Full Audit to Increase $USDT Reserves Transparency – crypto.news
In an interview, Paolo Ardoino, the CTO of Tether, stated that the company is embarking on a thorough audit to increase transparency over its $USDT assets. In order to increase transparency on $USDT h...
Crypto payment processor CoinPaid increases capital reserves to 5M EUR » CryptoNinjas
CoinsPaid, an Estonia-based crypto payment processor, today announced that it has raised its capital reserves to 5 million euros. Operating from tech-savvy Estonia, CoinsPaid increased its capital due...
Tether Defends USDT Reserves, Plans To Undergo Full Audit
Tether’s CTO Paolo Ardoino on Monday said Tether (USDT) has survived short selling and redemptions amid the crypto market crash. Moreover, Paolo Ardoino believes Tether has always been more transparen...
Tether to undertake full audit by top 12 firm for transparency over USDT reserves
The Tether (USDT) stablecoin is set to carry out an audit with a top 12 firm in order to provide more transparency on its reserves. A business called MHA provides attestations of its reserves, and Tet...
Why do the US Federal Reserves think Stablecoins show the vulnerabilities of crypto?
The Board of Governors at the Federal Reserve claimed that stablecoins are under potential risk of financial instability given the volatility of the crypto market The US Federal Reserve System’s board...
TronDAO Injects $300 Million in USDC to Reserves; USDD Still De-Pegged
Vladislav Sopov Tron’s USD-pegged stablecoin USDD might be the most “over-collateralized” asset right now Contents With another $300 million in USDC, TronDAO’s collateral rate ...
TronDAO Project Infuses $300M In USDD Reserves, No Effect On USDD De-Peg Yet
TronDAO takes a move to expand liquidity into the reserve pool to power USDD, its newly introduced stablecoin. And seemingly, its collateral rate has surged by nearly 60% since its launch. TronDAO rec...
Liquidity Crisis for Crypto Lenders Arises as BTC and ETH Reserves Fall – crypto.news
Despite gains in the last 24 hours, the slow crypto market price recovery has not been sufficient to offset recent losses from the crypto crash, which affected the largest market cap holders Bitcoin a...
More USDC reserves added for USDD
USDD, the algorithmic stablecoin on Tron, has received an additional 300 million USDC to use as reserves. @trondaoreserve has received another 300 million USDC as reserve. Current USDD collateralizati...
TRON Increases Reserves As USDD Stays De-pegged
TRON DAO has increased its stablecoin reserves to safeguard the blockchain as the USDD continued to trade below its peg. The reserve increased its supply of USDC tokens by 300 million on the blockcha...
Tether (USDT) Issuer Says Rumors About Its Reserves Composition Are ‘Completely False’
The company behind Tether (USDT) is pushing back on rumors about the reserves composition of the largest stablecoin by market capitalization. In a new statement, Tether denies claims that 85% of its c...
El Salvador’s minister dismisses Bitcoin crash despite 50% loss in reserves
? Want to work with us? CryptoSlate is hiring for a handful of positions! El Salvador’s Bitcoin reserves diminished by 50% and lost more than $50 million with the recent Bitcoin price fall. Despite th...
Tether hits out at reserves ‘rumors’ and distances itself from Celsius
Stablecoin provider Tether hit out at “rumors” about its holdings of commercial paper, a form of short-term corporate debt, while distancing itself from troubled lender Celsius and crypto ...
Tether Denies Accusations About Its Reserves, Celsius and Three Arrows Capital Connections
Gamza Khanzadaev USDT issuer publishes official statement condemning false rumors Today, June 15, the issuer of one of the most in-demand stablecoins (USDT), Tether, released a denial of rumors regard...
Tether Denies Correlation Between Its Celsius Investment & USDT Reserves Amid On-Going Celsius Crisis
Tether announced Monday that it has no involvement with the ongoing crisis of Celsius’ native token and affirmed that it would not impact its USDT reserves. Celsius, a major cryptocurrency lending pl...
Crypto Investors Focus on Federal Reserve’s Upcoming Meeting Outcome
3 hours ago | 2 mins read Bitcoin News Fed will have to continue its strong posture until the next meeting. Following the data release in May, Treasury rates spiked, and stock futures plummeted. On Ju...