USD Coin (USDC), a popular stablecoin pegged to the U.S. dollar, has been facing solvency concerns since March 10, leading several holders to panic sell their holdings and switch to other stablecoins....
Tag: Solvency
Proven, a Zero-Knowledge Proof of Solvency Solution for Crypto, Raises $15.8M Seed Round Led by Framework Ventures
Team of former Jane Street, PIMCO quant experts launch first-of-its-kind product to enable brokers, exchanes, and custodians to prove solvency daily Serves leading Web3 companies including Coinlist, B...
Framework Ventures leads $15.8 million round into ‘proof of solvency’ startup
Proven, a firm providing zero-knowledge proof technology so that crypto firms can prove solvency, raised a $15.8 million round led by Framework Ventures. Other investors in the seed funding round incl...
Binance stablecoin BUSD sees a sharp market cap drop amid solvency and mismanagement worries
Stablecoins in the cryptocurrency market help provide U.S. dollar-pegged tokens within the volatile industry. In bull markets, the market capitalization of stablecoins tends to decrease as investors f...
BUSD Sees Sharp Fall Amidst Solvency And Mismanagement Concerns
Binance’s BUSD stablecoin has seen a sharp fall in market capitalization, as its circulating supply dropped to $15.4 billion on Wednesday. The BUSD stablecoin has dropped around $1 billion over the p...
Disgraced FTX founder SBF Confident of Solvency for FTX US
As the bankruptcy proceedings for fallen the crypto exchange FTX continues, the disgraced owner Sam Bankman-Fried has reiterated his stand that the FTX US crypto exchange “was and is solvent.” During ...
Huobi users fear solvency concerns amidst high layoffs & withdrawals
Things look grim for Huobi due to a hike in withdrawals from the platform. Users have shared fears regarding the centralized exchange’s solvency capabilities. A major reason behind such fears is repor...
Vauld Rejects Nexo’s Another Acquisition Proposal: Nexo Solvency Proof required
Nexo has been trying to acquire Vauld since January 2023. Nexo has announced that it is quitting the US market; how will the US customers be treated? US creditors want proof that Nexo is solvent. Re...
Vauld rejects Nexo’s ‘final’ acquisition proposal, questions company’s solvency
Troubled crypto lender Vauld and its committee of creditors (COC) rejected rival Nexo’s “final” acquisition proposal due to concerns about Nexo’s financial health and others is...
Jump Crypto releases research on Proof of Solvency vulnerabilities
Jump Crypto (JC) released a research article on Dec. 21 analyzing Proof of Solvency (PoS) vulnerabilities and how PoS works in theory — but fails in practice. In the article, the research-driven quant...
$5,000,000,000 in Crypto Exits Binance in 48 Hours As Solvency Concerns Grow: Analytics Firm
Binance, the world’s largest crypto exchange by volume, is being tested by a wave of large outflows as traders seek to withdraw their coins. According to crypto insights firm Delphi Digital, Binance s...
Bit.com and its Solution – Proof of Solvency
Bit.com exchange has come up with proof of solvency amidst the chaos created by the fall of FTX. The fall of the FTX exchange created ripples in the cryptocurrency industry. The cryptocurrency behemot...
Major VC Firm Sequoia Capital Marks FTX Investment to $0 — Says ‘Liquidity Crunch Has Created Solvency Risk for FTX’ – Exchanges Bitcoin News
Venture capital giant Sequoia Capital is marking its investment in the embattled crypto exchange FTX down to $0. “In recent days, a liquidity crunch has created solvency risk for FTX,” the firm stress...
This is what Nexo executives said about solvency concerns
After days of speculation over Nexo’s financial health and solvency, the crypto lender’s executives took to YouTube to answer questions from the community during an Ask Me Anything (AMA) session. The ...
Put Away the Smelling Salts, the Fed Doesn’t Threaten Washington’s ‘Solvency’
Russia presently has total government debt of $190 billion. The U.S. can claim total debt somewhere north of $30 trillion. Are the Russians “Classical” in economic thought relative to the Keynesianism...
Celsius Continues To Struggle With Solvency
The crypto lending platform is trying everything, including a company restructuring, to stay solvent after it decided to suspend withdrawals. Can Celsius Win Back Liquidity? Celsius’s move to suspend...