Circle has selected Bank of New York Mellon as its primary custodian for USD Coin (USDC) reserves. In the past six months, Circle has seen its valuation double to $9 billion and the market cap of its...
Tag: Reserves
Circle Taps BNY Mellon to Serve as Custodian for USDC Stablecoin Reserves
The Bank of New York Mellon Corporation, popularly known as BNY Mellon, has been selected to serve as the “primary custodian” for the reserve assets behind the USDC stablecoin, a cryptocurrency whose ...
Circle Chooses BNY Mellon to Custody USDC Reserves – Bitcoin News
Boston-based Circle Internet Financial has announced the company has selected BNY Mellon to custody the firm’s usd coin (USDC) reserves. The company’s dollar-pegged crypto asset is currently the secon...
BNY Mellon to become primary custodian for Circle’s USDC stablecoin reserves
Peer-to-peer payments processor Circle Internet Financial today announced that it has chosen the Bank of New York Mellon Corporation, also known as BNY Mellon, to become a primary custodian for its US...
Yield App Passes Its ‘Proof of Reserves’ Audit, Ensuring The Security Of Digital Assets
Advertisement     Yield App is one of the fast-growing and most utilized digital wealth platforms. The app was recently put through the scrutiny of a “Proof of reserve...
Circle Picks BNY As Custodian Of USDC Reserves
Financial infrastructure provider Circle Internet Financial said on Thursday it had picked Wall Street BNY Mellon as the primary custodian for the reserves backing its stablecoin USD Coin (USDC). Circ...
BNY Mellon Becomes New Custodian of USDC Reserves Via Partnership With Circle
Circle, a global Internet financial payments company and issuer of the USDC stablecoin, announced today that the Bank of New York Mellon Corporation (BNY Mellon) has become the primary custodian of US...
Yield App Passes ‘Proof of Reserves’ Audit for Digital Assets Safety
Yield App, one of the rising and most trusted digital wealth platforms, recently underwent a thorough ‘proof of reserves’ audit. The inspection was conducted by Armanino LLC, the firm responsible for ...
What President Biden releasing oil from reserves may mean for gas prices
President Biden signing off on an oil release from the Strategic Petroleum Reserve (SPR) to cool elevated prices may have some effect, but not a ton, warns Goldman Sachs. “Conceptually, such a r...
Yield App Passes ‘Proof of Reserves’ Audit to Bolster Safety and Accountability of Deployed Digital Assets – Sponsored Bitcoin News
sponsored PRESS RELEASE. Yield App, one of the rising and most trusted digital wealth platforms, recently underwent a thorough ‘proof of reserves’ audit. The inspection was conducted by Armanino LLC, ...
Yield App passes ‘proof of reserves’ audit bolstering safety of deployed digital assets
Yield App, one of the rising and most trusted digital wealth platforms, recently underwent a thorough ‘proof of reserves’ audit. The inspection was conducted by Armanino LLC, the firm responsible for ...
Terra Buys Another 2,943 BTC Worth $140 Million to Build its Stablecoin Reserves
After announcing intentions to release a stablecoin backed by BTC reserves worth in total of $10 billion, Terra has begun accumulating. The latest purchase came earlier today, and the blockchain proje...
Spotlight On LUNA’s Growing Bitcoin Reserves
The nonprofit organization focused on the Terra ecosystem Luna Foundation Guard (LFG) now holds almost 28,000 bitcoin, which translates to $1.3 billion out of its $10 billion total target aimed to bac...
LUNA Hits All-Time High as Terra Loads up on BTC Reserves
The Terra ecosystem has increased its Bitcoin treasury by more than $1 billion since January, with four more purchases on March 28. Co-founder and chief executive officer of the firm behind the Terra ...
IMF’s conflicting views on sanctions, dollar reserves, and the dangers of Bitcoin
In an interview with Foreign Policy, IMF’s managing directors Kristalina Georgieva and Gita Gopinath shared their views on the impact Russia’s war on Ukraine has on the financial market. The two women...
Can The Federal Reserve’s New Plan Beat Inflation?
Federal Reserve Chair Jerome Powell Holds News Conference On Interest Rates (Photo by Alex … [+] Wong/Getty Images) Getty Images The U.S. economy is in an inflation-friendly environment. The Fed...
Federal Reserve’s March Meeting to Conclude Tomorrow
Chair Jerome Powell said recently that he would push for a 25 premise point loan fee expansion in March’s gathering The Federal Reserve has noticed the requirement for it to stay agile with rega...
Terra founder plans to obtain $10B BTC for reserves
The founder of Terraform Labs (TFL) and Ethereum competitor Terra (LUNA) Do Kwon has outlined plans to accumulate a whopping $10 billion worth of Bitcoin (BTC) to add to the project’s stablecoin reser...
Terra (LUNA) Co-Founder Unveils Plan To Build $10,000,000,000 Worth of Bitcoin (BTC) Reserves
Ethereum-challenger and stablecoin issuer Terra (LUNA) plans to accumulate a staggering $10 billion worth of Bitcoin (BTC) to add to its reserves, according to Do Kwon, the project’s founder and chief...
Federal Reserve’s Long-Awaited Rate Hike Is Here: Powell Announces 0.25% Increase
Topline The Federal Reserve announced a 0.25% interest rate hike on Wednesday—the first increase since 2018, while also forecasting a more-than-expected six additional hikes this year, as the central ...
Terra (LUNA) Community Burns 4 Million LUNA Tokens To Build TerraUSD (UST) Reserves
The Luna Foundation Guard (LFG), a blockchain community centered around the Terra network, said it had burnt 4 million LUNA tokens to mint about 372 million of the stablecoin TerraUSD (UST). The UST ...
Federal Reserve’s March Meeting to Conclude Tomorrow
Key Takeaways Fed Chair Jerome Powell said earlier this month that he would push for a 25 basis point interest rate increase in March’s meeting. The Federal Reserve has noted the need for it to remain...
Mysterious Bitcoin Whales Moving Billions In BTC As Exchange Reserves Hit Multi-Year Lows ⋆ ZyCrypto
Advertisement     Unknown whales moving BTC off exchanges. The transactions are yet to affect the price movement of the asset. Increased whale activity and movement of...
Russia Lost Access to Half Its Reserves, Finance Minister Says
(Bloomberg) — Russia has already lost access to almost half of its reserves and sees more risks to President Vladimir Putin’s war chest due to increased pressure from the West on China, said Fin...
Luna Foundation Guard’s reserves receive $1.1B from Terraform Labs as Donation
High demand for UST has led to a pool imbalance on Curve Finance UST price at the time of writing – $1.00 LFG was launched in January with the aim to grow the Terra ecosystem On Friday, Do Kwon, auth...
Bitcoin Exchange Reserves Drop to Lowest Point in 3 Years – Bitcoin News
The number of bitcoin held on exchanges has continued to drop in recent times as the metric suggests crypto advocates are pulling funds off of trading platforms for long-term holding. At the time of w...
Terraform Labs donates $1.1B for Luna Foundation Guard’s reserves
On Friday, Do Kwon, founder and CEO of Terraform Labs (TFL), which develops the blockchain ecosystem consisting of Terra Luna (LUNA) and the TerraUSD stablecoin (UST), announced that TFL had donated 1...
Russia Says Debt Payments Abroad Hinge on Unfreezing of Reserves
(Bloomberg) — Most Read from Bloomberg Russia is prepared to pay its foreign creditors on condition that a freeze on much of its $643 billion cash pile is lifted, according to Finance Minister A...
Bipartisan bill: Lock down Russia’s gold reserves, U.S. may stop oil imports
Sanctions against the Russian Federation are hitting hard on the Russian nation and its businesses, financial- and payment systems, and citizens alike. More and more nations and institutions are linin...
Is the Dollar in Danger?
The U.S. is sitting on top of a horizontal empire, capitalism’s self-organizing, incentive-based structure with its layers of value. It’s not the Marxist mush of “to each according to his needs.” You ...