Crypto prices sank on the news that FTX and more than 100 corporate entities affiliated with the firm are filing for bankruptcy. Bitcoin dropped 5.2% at $16,551, while ether crashed 6.5% to $1,...
Tag: USDC
Bitcoin and ether up as U.S. inflation data below estimates at 7.7% in October
U.S. inflation is showing signs of cooling down as crypto markets remain tumultuous. Inflation in the U.S. came in at 7.7% in October. Based on FactSet data, analysts had predicted an 8% increa...
Tether’s USDT falls 1% below dollar peg amid market uncertainty
USDT, the stablecoin issued by Tether, has fallen 1% below its peg to the U.S. dollar today amid ongoing market turmoil. The largest stablecoin on the market fell to $0.9911 today, according to...
USDC And USDT Affected By FTX? CEOs Deny Rumors
Amidst the mayhem surrounding FTX and the Binance deal, there are currently numerous rumors circulating about possible contagion effects. If the takeover by Binance does not materialize, effects simil...
Circle CEO Allaire calls FTX crisis crypto’s ‘Lehman Brothers’ moment
Jeremy Allaire, co-founder and CEO of Circle, said the FTX insolvency crisis, which has thrown the crypto market into turmoil, is the “Lehman Brothers” moment for crypto. “Fina...
Stablecoin Issuer Circle Moves USDC Reserves Into Fund Managed by BlackRock
US-based peer-to-peer payments company Circle has moved some of its USD Coin (USDC) stablecoin reserves into a fund controlled by $10 trillion asset management firm BlackRock. In a blog post written b...
Analyzing the Bank Run on FTX
November 7, 2022, 11:13AM EST • 4 min read Quick Take Rapid Insights provide a deeper analysis of the current crypto landscape in a timely fashion. This issue of Rapid Insights summarizes the latest d...
Stablecoin USDC: Circle chooses BlackRock
A few days ago, Circle officially announced that it is transferring its USDC stablecoin reserves to a fund managed by BlackRock. Indeed, thanks to a real partnership signed with BlackRock, the Circle...
USDC Issuer Circle Adds Solana Support, But SOL Price Falls 10%
USDC issuer Circle is beefing up its Solana support in the first half of 2023 with the Euro Coin (EUROC) project and access to its Cross-chain Transfer Protocol. According to a Nov. 6 tweet, Circle, a...
USDC Issuer Circle Plans To Pour Investment In Circle Reserve Fund Amid Bearish Market
The USDC issuer has started investing funds into its CRF (Circle Reserve Fund) to ensure that holders can redeem their coins when they want. Many crypto firms faced issues this 2022 due to the market ...
Circle Starts Moving USDC Reserves Into a Blackrock-Managed Fund, Firm Expects to Be ‘Fully Transitioned’ Next Year – Bitcoin News
According to the crypto firm Circle Internet Financial, the company is “deepening” its partnership with the world’s largest asset manager Blackrock. Circle disclosed that it has started to transfer US...
Singapore Tests Institutional DeFi on Ethereum, Welcomes USDC Issuer
The Monetary Authority of Singapore’s (MAS) decentralized finance pilot program just executed “the first real-world use case for institutional-grade DeFi protocols,” Aave founder Stani Kulechov told D...
Circle to put a portion of USDC reserves into new BlackRock fund
Circle, the issuer of the stablecoin USDC, set up a new fund with BlackRock to help manage the stablecoin’s reserves. Circle will place a portion of USDC reserves into the Circle Reserve F...
Coinbase 1.5% APY on USDC Can’t Keep Up With Traditional Banks
Coinbase customers can earn 1.5% APY (Annual Percentage Yield) by holding USDC coins. But, traditional banks offer better yields than Coinbase without regulatory concerns. Coinbase, one of the largest...
Crypto Exchange Deribit Hacked for $28M in Bitcoin, Ethereum, USDC
Crypto futures and options exchange Deribit suffered a security breach on Tuesday around midnight, with hackers making off with nearly $28 million from the exchange’s hot wallet. Exchanges often use h...
Coinbase Earnings Disappointment Mitigated by USDC Interest Income
Coinbase posted lower-than-expected third quarter revenue but beat on earnings per share after the close Thursday, sending the stock whipsawing in after-hours trading. The cryptocurrency exchange rep...
Paxos And USDC Issuer Circle Receive Regulatory Approval From Singapore
In a recent development, the stablecoin issuers Circle and Paxos have received approvals in Singapore. According to the report, the Monetary Authority of Singapore (MAS) signed the licenses for the fi...
USDC Issuer Circle Receives License To Operate in Singapore
11 seconds ago | 2 mins read Altcoin News The USDC issuer reportedly kept recruiting new staff members in Singapore. Stablecoin issuer, Paxos, acquired the same digital-token payment services license....
$3 Billion Erased From the Dollar-Pegged Token Economy, HUSD Depegs, USDC Supply Drops 10% – Altcoins Bitcoin News
Over three billion in value was erased from the stablecoin economy during the past 30 days. The trend occurred despite the number of tethers in circulation rising by 2.2% last month. On Oct. 1, 2022, ...
Crypto Exchange Deribit Suffers Hack, $28,000,000 in Bitcoin, Ethereum and USDC Vanish After Wallets Compromised
A crypto exchange platform has been hacked to the tune of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH), and stablecoin USD Coin (USDC). Digital assets exchange Deribit tells its 52,000 T...
FIS Subsidiary Worldpay to Enable USDC Settlements on Polygon
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Massive Crypto Whale Activity In USDT And USDC Suggests Upcoming Bull Run, How?
Volatility is one of the distinguishing attributes of the crypto market that springs surprises in several observers. It creates a desirable environment for traders and investors in the crypto industry...
A USDC, BUSD rival? FTX is set to launch a stablecoin soon
FTX boss Sam Bankman Fried has shared the company’s vision of developing a stablecoin. The FTX CEO was on an interview with The Big Whale, where he gave an insight into the company’s vision for design...
Coinbase Partners with MakerDAO & releases USDC rewards
MakerDAO recently voted on the proposal of custody of 1.6 billion dollars worth of USDC with Coinbase. The partnership will result in MakeDAO earning 1.5% rewards on the USDC stack. At the same time, ...
BitPay to introduce USDC and ETH payments on Polygon network
Major cryptocurrency firm BitPay is expanding the scope of supported blockchain networks, preparing to debut payments in ERC-20 tokens on the Polygon network. On Oct. 26, BitPay and Polygon jointly an...
USDC market cap down significantly- Everything latest to know
Since the Tornado Cash affair, Circle’s USDC stablecoin’s market valuation has fallen precipitously. The market capitalization of USD Coin (USDC), which fell from $53.3 billion to just under $43.9 bil...
MakerDAO Invests Hefty Amount Becoming The Largest Stake Holder In USDC
The extended bearish trend caused panic and massive sell-offs in the crypto space. But it seems that the industry still records progressive moves. For example, a recent report shows a new partnership ...
Coinbase Partners With MakerDAO for Institutional USDC Rewards Program
The top US crypto exchange Coinbase is partnering with MakerDAO in a custody deal nearly doubling the exchange’s US Dollar Coin (USDC) holdings. Under the agreement, MakerDAO, the decentralized autono...
MakerDAO partners with Coinbase to custody $1.6 billion USDC
Join Our Telegram channel to stay up to date on breaking news coverage The largest cryptocurrency exchange in the US, Coinbase, has announced a partnership with MakerDAO governance. This partnership w...
USDC Lost 20% Of Its Market Capitalization In The Last 30 Days
The market capitalization of Circle’s USDC stablecoin has been dropping dramatically since the Tornado Cash scandal. Over the past month, USD Coin (USDC) has lost nearly 20% of its market capitalizati...