A decentralized cryptocurrency (D options exchange cut its own life short after unwittingly executing a command that closed its mainnet program and made it irrecoverable. OptiFi informed users that it...
Tag: USDC
Solana Based Defi Platform Accidentally Froze $661,000 USDC
– Advertisement – OptiFi: $661,000 in USDC Permantly Frozen. Derivatives-focused decentralized finance (DeFi) platform OptiFi closed its mainnet platform by accident, trapping $661,000 in ...
USDC Releases Its Assets Reserves Report As Other Stablecoins Stumble ⋆ ZyCrypto
Advertisement     Stablecoin issuers have been under the radar over the quality of the reserves backing the tokens they issue. Circle Internet Financial LLC (Circle), ...
USDC Stablecoin Now Accepted on Travala Through Polygon Network
7 hours ago | 2 mins read Altcoin News Reddit’s NFTs, dubbed “Collectible Avatars,” are going to be minted on Polygon. The stablecoin may be used to buy over 3 million different kinds of travel servic...
Travala.Com Adds USDC Through Polygon, Travala First Ever Integration With Polygon Network
– Advertisement – Travala has further increased its number of supported cryptocurrencies. Travala.com, a leading online travel and accommodation firm that supports cryptocurrency payments...
Tether Hasn’t Sanctioned Tornado Cash Transfers, Unlike USDC
Tether – the issuer of USDT, the world’s largest stablecoin – is yet to freeze addresses associated with the privacy protocol Tornado Cash. That means USDT holders can still technically use the smart ...
Want to Hodl USDC? Check These Indicators First To Ease Doubt
USD Coin (USDC), a stablecoin developed by Circle, has suffered a great deal from frequent price volatility in the cryptocurrency market. USDC signals drop recently due to massive sell-offs USD Coin e...
HODLing USDC? Examine these metrics to keep tension at bay
Stablecoins like Circle [USDC], Tether [USDT], and Binance USD [BUSD] provide an opportunity for investors to stay in minimal losses. For some, these dollar-pegged cryptocurrencies offer a chance to g...
Here’s the whale of it all for USDC holdings
Regular price swings in the cryptocurrency market have had a significant impact on USD Coin (USDC), a stablecoin developed by Circle. In fact, its whale addresses seemed to be flashing similar signals...
USDC Whale Holdings Percentage Hits A Two-Year Low
The continuous price fluctuations in the crypto market considerably impact the Circle’s stablecoin, USD Coin (USDC). The recent performance of its whales’ addresses is making a more southern move. USD...
Circle Led USDC Stablecoin Held by Large Whales Plummet
Altcoin News The top 1% of addresses recently controlled 87.667% of all USDC. On-chain statistics show a sell-off of USDC over the previous two weeks. As the bear market in cryptocurrencies continues,...
Trading Volume Soars As USDC Whales Leave
USDC Price at the time of writing – $1.00 The total supply of USDC has shrunk by $100 million USDC deposits hit a 17-month low on Monday The level of stablecoin USD Coin (USDC) supply held by the top...
USDC whale holdings percentage lowest in almost two years
The percentage of USD Circle (USDC) stablecoins held by major wallet addresses dropped to its lowest point in almost two years as the cryptocurrency market downturn continues. Cryptocurrency analytics...
USDC Exchange Reserve Spikes – Can This Help Push Bitcoin Back Up?
On-chain data shows the USDC exchange reserves sharply rose recently, something that could help push Bitcoin back up after the latest drop. USDC Exchange Reserve Observes Sharp Rise In Recent Days As ...
Tornado Cash Ban Impact on USDC and USDT
Tornado Cash ban in the United States brings news of its repercussions every now and then. Out of these, some are factful instances while others are just wild guesses. Amidst this chaotic situation, c...
Celsius Approved to Sell Mined Bitcoin, Customer That Lost 50,000 USDC Insists Her Regulated Stablecoins Should Be Treated Differently – Bitcoin News
On August 16, the crypto lender Celsius Network has been approved by a bankruptcy court judge to sell bitcoin the company previously mined to continue funding specific operations. The following day, t...
USDC Supply Declines but USDT Supply Has Increased by Over $2B
The Supply of USDC Has Decreased According to statistics, the supply of USDT increased by 2.6% to 67 billion USD in 30 days while the supply of USDC decreased by 2.1% to 53 billion USD. The amou...
Investors Convert $1.6B Worth Of USDC To USDT Amid US Regulatory Sanctions – crypto.news
According to reports, crypto investors have converted their USDC stablecoin worth over $1.6 billion to another stablecoin, USDT. This is due to the ripple effect of the latest US sanction on Tornado C...
Compound Labs Deploys Smart Contracts for USDC Market on Ethereum
Compound Labs has announced the first smart contract deployments for Compound III, which will create a USDC market on Ethereum. The contracts await activation by Compound governance but are now open ...
Investors Dump $1.6B in USDC for USDT
Financial backers moved billions of dollars from USDC to USDT, as U.S. controllers clipped down on crypto firms Around $1 billion was moved after the prohibition on Tornado Cash Spectators say the cry...
Investors Dump $1.6B in USDC for USDT Amid Regulatory Clampdown
Investors moved around $1.6 billion from USDC to rival stablecoin USDT over the past month as regulators in the U.S. clamped down on cryptocurrency companies. A significant sum switched over to USDT a...
MakerDAO Set To Convert USDC Funds To ETH, Is This A Good Idea?
The crypto community has been on alert since the crash of LUNA, ETH, and USDT. Investors depend on stablecoins to hedge against price volatility in the crypto market. These stablecoins are pegged to U...
USDT takes this long stride to win the stablecoin battle with USDC
The battle between the top two stablecoins continues to see new feuds over land on a monthly basis, each taking turns to strategize their winning plays. So here’s the latest fact check on the current ...
USDT supply up almost $2B over 30 days, USDC supply falls after blocking Tornado Cash linked wallets
Tether’s CTO Paolo Ardoino has identified an increase in USDTs market supply over the last 30 days compared to its rival USDC, which declined over the same period. Why no one is talking about it? ? pi...
MakerDAO Founder Proposes USDC Fund Transfer to ETH
2 hours ago | 2 mins read Altcoin News Circle’s USDC stablecoin is used to collateralize the vast majority of MakerDAO’s DAI. The DeFi protocol has a total locked value of approximately $11 billion. M...
MakerDAO To Convert USDC Into ETH Ahead Of Ethereum Merge
Recently, Circle suspended USDC tokens belonging to 38 wallet addresses which were blacklisted by the US Treasury Department. These wallets were of Tornado Cash addresses. Following this, MakerDAO has...
MakerDAO Intends to Depeg DAI from USDC
Announcing through Discord, MakerDAO’s founder Rune Christensen revealed that the DeFi protocol might consider depegging its native token DAI from stablecoin USD Coin (USDC). Christensen pointed out: ...
MakerDAO Founder Plans to Sell $3.5Bn USDC Backing For Ethereum, Risks DAI Depeg
MakerDAO co-founder Rune Christensen plans to sell up to $3.5 billion in USDC for Ethereum — a move that could result in its DAI stablecoin losing its dollar peg. DAI is 32% backed by Circle’s USDC st...
MakerDAO Co-Founder Rune Christensen To Sell $3.5bn Usdc Backed For Ethereum Increasing Depegging Risk On Dai
Ethereum co-founder Vatalik Buterin criticized Rune Christensen’s plan of converting MakerDAO’s $3.5 billion into ETH. Rune Christensen, the co-founder of MakerDAO, is planning to sell $3....
Tornado Cash Activities After Sanctions
August 11, 2022, 7:18AM EDT • 5 min read Quick Take Less than 30% of Tornado Cash deposit originates from stolen funds and sanctioned entities, while a significant portion possibly comes from legitima...
MakerDAO founder proposes converting $3.5B USDC reserve to Ethereum
MakerDAO (MKR) founder Rune Christensen has asked DAO members to consider converting its $3.5 billion USDC reserves to Ethereum (ETH) because of the extent of the Tornado Cash sanctions. MakerDAO is c...
Is MakerDAO Moving All Its USDC Funds to ETH? Vitalik Buterin Calls It Terrible Idea
In a big development, Rune Chirstensen, founder of MakerDAO has urged all the members to “seriously consider” preparing the depeg of the DAI stablecoin from the U.S. Dollar. The comments came on the M...