The firm behind the second largest stablecoin by market cap is backing out of a multi-billion dollar deal to go public. According to an official announcement, Circle and Concord Acquisition Corp are m...
Tag: USDC
USDC Issuer Circle Terminates SPAC With Concord
Circle SPAC Termination News: Circle Internet Financial, the company behind stablecoin USDC, on Monday officially announced it was terminating its special purpose acquisition company (SPAC) with Conco...
USDC issuer Circle terminates SPAC merger with Concord
Circle, the issuer of USD Coin (USDC), announced the mutual termination of its proposed merger with the special purpose acquisition company (SPAC) Concord Acquisition on Dec. 5. The deal was announced...
USDC issuer Circle terminates SPAC deal but plans to go public remains
Circle announced it has come to a mutual agreement with Concord to terminate acquisition plans The deal was initially announced in July 2021 and would have allowed Circle to go public Circle CEO assur...
Bitcoin clings to two-week high, crypto stocks continue to tick upward
Crypto prices are holding steady at their highest since the FTX fiasco in early November, in line with broader financial markets. Bitcoin rose 1.8% since yesterday, trading at $17,132 at 8:45 a....
USDC and Tether Are Plunging, Here’s Reason Why
Arman Shirinyan Two biggest stables on market are rapidly losing their capitalization, and there are numerous reasons The market capitalization of the two biggest stablecoins on the market is down mor...
Oryen Network Pushes +200% Due To Huge Buys With USDT And USDC
Stablecons like Tether and USD Coin are integral to the crypto world. By being tied to regular fiat currencies like the dollar, they give holders true stability and a price they can always understand....
Circle Warns About Scammers Baiting USDC Users
Circle, the firm behind USDC stablecoin, issued a warning about an active phishing campaign attempting to lure users into transferring tokens to malicious addresses. As per the tweet, the threat actor...
Binance Temporarily Suspends Deposits of USDC, USDT on Solana
Binance has announced that it temporarily suspended deposits of the stablecoins USDC and USDT on the Solana blockchain “until further notice.” It has since reopened deposits for USDT on Solana. USDT a...
EverEarn Ethereum Blockchain Public Presale With USDC Rewards – Press release Bitcoin News
press release PRESS RELEASE. As if the cryptoverse needed more reasons for people to be fearful, both FTX and BlockFi rocked cryptocurrency blockchains and investors alike, sending prices spiraling, b...
Exchanges rushed to show proof of reserves. It’s not enough.
Centralized exchanges still standing after the fall of FTX rushed to show proof of reserves. It’s a nice show, but it’s not enough, experts say. Proof of reserves — or showing exactl...
Binance, OKX and Bybit suspend USDT and USDC deposits on Solana
Major cryptocurrency exchanges continue to carry out measures in the aftermath of FTX collapse, now halting deposits in Solana-based Tether (USDT) and USD Coin (USDC). Binance announced on Nov. 17 tha...
Binance Halts Deposits of Solana-based USDT and USDC
Alex Dovbnya Binance and BitMEX have moved to halt the deposits of Solana-based USDT and USDC while OKX went as far as delisting them Binance, the world’s largest cryptocurrency exchange by repo...
SOL Price Freefalls as Exchanges Suspend USDT, USDC (SOL)
There is a sharp drop in Solana (SOL) price as exchanges suspend deposits of stablecoins on the Solana network. Update Nov 17. (17:30UTC): Binance has since announced that deposits of USDT (SOL) token...
Solana: Binance suspends deposits in USDT and USDC
Solana’s price falls and Binance is taking corrective action: temporarily suspending Tether (USDT) and USD Coin (USDC) deposits on the Solana blockchain. The world’s best-known and most widely used e...
Crypto Exchange Binance Suspends Solana USDC and USDT Deposits
12 seconds ago | 2 mins read Exchange News The major cause was the talk regarding Alameda contemplating the sale of its SOL assets. This comes after crypto.com blocked USDC and USDT withdrawals and de...
Binance, OKX Halt Solana USDT, USDC Deposits; SOL Price?
Crypto exchanges Binance and OKX announced temporary suspension of USDC (SOL) and USDT (SOL) deposits. The development comes after recent suspension of USDC and USDT on Solana deposits and withdrawals...
Multiple Exchanges Delist USDC and USDT on Solana
Numerous major exchanges are disabling deposits and/or withdrawals for Solana-based variants of the top two stablecoins, USDT and USDC. The wave of delistings follows Solana’s major price crash in the...
Stablecoins Like USDT and USDC Moving out of Gemini & Other Major Exchanges! What’s Next?
The impact of the FTX collapse has been spreading significantly over the other platforms as more number of them are restricting users’ activity, failing to carry out their business as usual. While som...
Crypto stocks sink lower as cryptocurrencies tread water
Crypto prices were treading water on Thursday while stocks led equity market losses. Bitcoin gained 0.2% to $16,501 over the past day, while ether shed 0.3% to trade at $1197, according to data via C...
Gemini, OKX, Crypto.com experienced ‘severe’ outflows as stablecoins see exodus: JPMorgan
Gemini, OKX and Crypto.com experienced “severe” outflows over the past week while a declining stablecoin market shows an investor exodus, according to analysts at JPMorgan Chase. Exc...
Binance halts Solana-based USDC and USDT deposits, in line with rivals
Binance has suspended deposits of USD Coin (USDC) and tether (USDT) on the Solana blockchain until further notice in a blow to the 2 1/2-year-old blockchain. The announcement from the largest cr...
Circle Reveals FTX Exposure, Says USDC Conversions on Binance Have Hurt Projections
The collapse of FTX and automatic conversions of USD Coin on Binance will cause Circle’s performance to be “materially lower” than the projections it made in February, the company said in a new regula...
Circle reveals level of exposure to FTX; should USDC holders be worried?
Circle has alluded to over $10 million exposure to FTX It also hinted at the loss suffered due to Binance’s auto conversion In a recent Twitter post, Circle’s Jeremy Allaire said that USDC only had a ...
Circle’s USDC issuance falls 3 billion from Binance stablecoin conversions
Circle, the company behind the issuance of USDC Coin (USDC), said recent events have caused it to miscalculate its financial projections — referring to the collapse of FTX and a decision by rival exch...
USDC Stablecoin Issuer Circle Introduces Support For Apple Pay
2 hours ago | 2 mins read Altcoin News Apple Pay is the second most popular digital wallet in the United States. Circle claims that conventional stores would profit from Apple Pay integration. Circle,...
USDC Stablecoin Issuer Circle Has Allowed Businesses To Use Apple Pay
USD Coin Issuer Circle has mentioned that Apple has now allowed and enabled crypto payments that will be using stablecoin on their payment platform. Merchants who accept the USDC will now be able to d...
Crypto Payments With USDC Now On Apple Pay
Crypto payments in Circle’s USDC will now be offered for select businesses on Apple Pay. The payments will be enabled for quick checkout for regular digital payments mode, Circle said. The payments wi...
Stablecoins are … stable again
The stablecoin market has stabilized since the collapse of TerraUSD as confidence is returning to larger coins, Fitch Ratings said. Tether and Circle, the issuers of USDT and USDC stablecoins, ...
Uniswap token gains as trading volumes jump; bitcoin, ether slip
Mainstream cryptocurrencies traded marginally lower on Tuesday morning on the U.S. East Coast, while some altcoins bucked the trend. Bitcoin was down 1.7% at $16,883 over the past day, while et...