Voyager received 2.25 million USDC after selling 1,449 ETH at $1,553 per token. The bankrupt CeFi reportedly embarked on a selling spree in the middle of February 2023. Despite the sales, Voyager repo...
Tag: USDC
Voyager found dumping its ETH, USDC and SHIB each week
Arkham Intelligence has revealed that Voyager Digital has been selling off large amounts of its crypto holdings on a weekly basis. The company filed for bankruptcy last July. Voyager Digital, one of t...
Shiba Inu Surpasses USDC in Cryptocom Assets Reserves
Crypto.com Holding Over $685M Worth of SHIB. As per recent data from CoinMarketCap.com, Shiba Inu (SHIB) has overtaken USD-pegged Circle and Coinbase stablecoin USDC to become the third-largest asset ...
Voyager transferred $154 million USDC off Coinbase this month, Arkham Intelligence says
On-chain data shows that Voyager’s assets are on the move amid the company’s bankruptcy proceeding. Around $154.4 million in USDC was transferred to the shuttered exchange’s &#...
Binance bites back against Forbes report claiming transfer of $1.8 billion in client collateral
Binance denied using client assets without consent after a Forbes report said the crypto exchange moved “$1.8 billion of collateral meant to back its customers’ stablecoins.” Forbes ...
USDC and BUSD in trouble with SEC’s pressure
The US Securities and Exchange Commission (SEC) issued a Wells notice to the BUSD issuer Paxos earlier this month. Since the Binance CEO, Changpeng Zhao (CZ), broke the news, the second and third-larg...
Circle reports an increase in USDC stablecoin circulation
On Feb. 23, in response to the BUSD incident, Circle reported a significant increase in the circulation of their stablecoin, USDC. They have issued 2.1 billion and redeemed 1.5 billion coins, resultin...
FDIC-insured Citizens Trust Bank to hold $65M in USDC reserves
Citizens Trust Bank, a financial institution regulated by the Federal Deposit Insurance Corporation (FDIC), has partnered with Circle Internet Financial to hold some of its reserves in USD Coin (USDC)...
Circle (USDC) CEO Talks ‘Anxiety’ About US Crypto Regulation
Circle USDC Coin: Despite increasing regulatory pressure around crypto market, the US administration is far from providing a clear and distinct view. This is amid an increasing interest from new entra...
Citizens Trust Bank To Hold $65 Million in USDC Reserves
2 hours ago | 2 mins read Altcoin News On April 1, 2022, Circle announced that BNY Mellon would be holding USDC reserves. Circle’s USDC stablecoin is the second biggest U.S. dollar-pegged cryptocurren...
Circle Still Wants To Go Public — And It’s Hiring Soon
Circle, operator of stablecoin USD coin, is aiming to buck the layoff trend by expanding its workforce as it focuses on operational growth this year. And it still might go public. The Wall Street Jour...
USDC issuer Circle to increase staff by up to 25% amid layoff season
USD Coin (USDC) issuer Circle plans to increase its workforce by 15–25% in 2023 amid a sea of layoffs across the industry, reported The Wall Street Journal. When a significant chunk of industry-wide f...
‘Stupid Money’ Account Lost $2 Million in USDC in Half Year, Here’s How Not to Trade Ethereum
Arman Shirinyan Sometimes trying to get in at any cost is not best idea out there The recent rise and fall of Ethereum’s price has prompted some investors to engage in risky behavior. Many have ...
Mastercard Partners Web3 Payment Protocol Immersve to Allow Crypto Payments via USDC
There is no need for Mastercard users to rely on a third party to make a direct crypto payment, they can just use their existing Web3 wallets and private keys to approve payments. Meanwhile, Immersve ...
Crypto Trader Loses Over $2M USDC in 6 Months to FOMO, FUD
A crypto trader recently suffered repeated losses due to the FOMO. The trader bought ETH twice after the rally had begun, and sold out of fear during a pullback. Lookonchain advised users to be more p...
Mastercard to allow crypto payments in Web3 via USDC settlements
A partnership between Web3 payment protocol Immersve and payments giant Mastercard will allow users to make crypto payments on digital, physical and the metaverse worlds. Once the transaction is succe...
Coinbase earnings beat thanks to USDC interest income, analysts say
Coinbase’s fourth-quarter revenue beat estimates thanks to USDC interest income, analysts said. Interest income for the quarter came in at $146 million, up more than 100% from the previous...
Mastercard to Allow Cryptocurrency Payments in Web 3.0 Using USDC
Payments giant Mastercard has partnered with Immersive to allow users to make crypto payments in the digital, physical, and metaverse worlds. Mastercard Inc has partnered with Web3 payment protocol, I...
USDC On Binance Increases Post BUSD News; Crypto Analyst Impressed
Martin Lee reports major USDC growth on Binance. USDC has grown by 1.5 billion in the last 7 days on the leading crypto exchange. Lee shares an image highlighting the growth of the coin across exchang...
Bitcoin slips as altcoins lead drop in prices
Markets • February 21, 2023, 8:31AM EST Cryptocurrency prices dipped over the past 24 hours. Altcoins experienced a sharp sell-off, with Polygon’s MATIC down about 5% as the project announced jo...
Is USDC the next Stablecoin to crack under the weight of regulatory pressure?
USDC almost falls victim to the same FUD (fear, uncertainty, and doubt) that recently affected BUSD. We saw an initial surge in USDC volume on the Binance smart chain from around 12 February. Stableco...
The SEC has not ‘Circled’ Around USDC Issuer With Wells Notice
The stablecoin issuer was said to be likely to face regulatory actions Company officials denied any such possibility The rumors and speculations are fatal in themselves but could be disastrous if pla...
Platypus salvages $2.4 million in hacked funds with BlockSec’s help
Published 50 minutes earlier on Published 2 hours and 50 minutes earlier on After the Platypus protocol was hacked yesterday, at least 2.4 million USDC was returned to the exploited platform with help...
Binance CEO Denies Delisting USDC Amid SEC Crackdown
According to a Bloomberg report, crypto exchange Binance is considering ending relationships with U.S. business partners. Allegedly the largest cryptocurrency exchange in the market is weighing the o...
Bitcoin single-day price surge linked to billions in USDC inflows
Bitcoin (BTC) hit a six-month high of $24,800 on Feb. 16, registering a double-digit surge of 15%. The single-day Bitcoin price surge took many by surprise, given February has been historically beari...
Circle Denies Receiving ‘Wells Notice’ Over USDC
The business that generates USD Coin (USDC), Circle, has denied allegations that it has been served with a “Wells Notice” in connection with its dollar-pegged stablecoin. These allegations...
Rival Stablecoin Warned NY Financial Watchdog About BUSD
Binance USD might just be in hot water because of rival stablecoin issuer Circle. Circle, the creator of USD Coin, warned the New York State Department of Financial Services (NYDFS) in the autumn of 2...
BUSD Is Under Attack. Are USDC and USDT Next?
Though regulatory actions against stablecoin issuer Paxos come amid a crackdown of the space after a wild 2022, some say the impact on competitors may be limited. Other industry participants are...
USDC Issuer Circle Debunks Rumors Of Being SEC’s Latest Target
The crypto community is still reeling with fear, doubt, and uncertainty (FUD) from the latest regulatory tension in the industry since U.S. regulators have taken enforcement actions on some crypto fir...