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Today in Crypto: Hackers Using Victims’ AT&T Email Addresses to Steal Crypto, Revolut Partners with Koinly, Kraken Fights IRS, Circle Launches Mainnet Protocol for USDC Transfers Between Ethereum & Avalanche

27.4.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: Hackers Using Victims’ AT&T Email Addresses to Steal Crypto, Revolut Partners with Koinly, Kraken Fights...

Circle Unveils New Method for Moving USDC Between Blockchains

26.4.2023
The cross-chain transfer protocol seeks to improve liquidity of the major crypto payments rail

USDC Stablecoin Strengthened by U.S. Banking Crisis in March, Circle CEO Says

26.4.2023
The stablecoin has upgraded its market infrastructure after losing its peg during the crisis

Circle launches cross-chain USDC transfer protocol for Ethereum, Avalanche

26.4.2023
The new protocol burns coins on the sending chain, and mints new ones on the receiving chain

Circle CEO blames US crypto crackdown for declining USDC market cap

26.4.2023
The market cap of USDC, a stablecoin issued by Circle, has reduced nearly by half over the past six months following a regulatory crackdown and banking crisis

NY Fed Policy Change Could Squash Stablecoin Issuer Circle’s Hope for Fed Access

26.4.2023
Funds structured as stablecoin issuer Circle’s Blackrock-managed USDC reserve fund “generally will be deemed ineligible” for the New York Federal Reserve’s reverse repurchase program under the new rules

Tether Grows 2.3% as Stablecoin Economy Loses $2.4 Billion in Value Since March 31

25.4.2023
While several top digital assets have decreased in value against the U.S. dollar over the past month, the stablecoin economy has lost $2.4 billion in value since March 31, 2023. Four of the top five stablecoins experienced net redemptions over the last 30 days, except for tether, which grew by 2.3%...

Crypto Lending Protocol MakerDAO Approves Transferring a Maximum of $500M in USDC to Coinbase Custody for 2.6% Yield

20.4.2023
The maneuver is part of MakerDAO’s earlier decision to move up to $1.6 billion of USDC stablecoins to Coinbase’s custody arm

House Lawmakers Rekindle Stablecoin Regulation Debate, Revealing Partisan Rifts

20.4.2023
Lawmakers in the US House of Representatives are again looking at regulations on stablecoins under new Republican leadership, but partisan differences and bickering between the two sides may delay the passing of any new law on the topic.... Read More: House Lawmakers Rekindle Stablecoin Regulation...

Tether market cap eyes record high after regaining 65% stablecoin dominance

17.4.2023
The market capitalization of Tether is nearly a billion dollar away from reaching a new lifetime peak while rival stablecoins struggle

USDC Issuer Circle Exec to Testify at US Congressional Hearing on Stablecoins

17.4.2023
Circle, the US company behind the popular stablecoin USDC, is set to testify in a Congress hearing on Wednesday about stablecoin regulation in the US. In the hearing, titled “Understanding Stablecoins’ Role in Payments and the Need for Legislation,” Circle’s Chief Strategy Officer Dante Disparte...

Centralized Stablecoins Are Problematic. Is a Decentralized Alternative on the Way?

17.4.2023
USDC and USDT both have issues that truly decentralized, blockchain-based protocols are designed to solve

MoneyGram Head of Fintech Strategy: Bad News Can't Stop the Blockchain

14.4.2023
As the world rapidly embraces digital transformation, blockchain technology and cryptocurrencies are gaining significant traction in the realm of global remittance, according to Luther Maday, Head of Fintech Strategy and Innovation at MoneyGram. However, the journey to mainstream adoption...

Ondo Finance Plans Yield-Generating Stablecoin Alternative For Institutional Investors

13.4.2023
The new stablecoin-like token, OMMF, will be backed by conventional money market funds and is available only to qualified purchasers and accredited investors. But retail investors can lend against the tokens via Ondo’s DeFi protocol Flux to indirectly access the yield

Uniswap Topped Coinbase’s Trading Volume in March During USDC Depeg, U.S. Crackdown

6.4.2023
The DEX, however, has been unable to maintain elevated periods of trading volumes in the past, CCData noted

M11 Credit Restarts Crypto Lending on Maple Finance After FTX Fallout – Here's What You Need to Know

6.4.2023
Blockchain-based financing firm M11 Credit has resumed crypto lending on the decentralized credit marketplace Maple Finance. The news of the resumption of service was announced in a Twitter thread from M11 Credit on Wednesday, where the firm also said it had upgraded its underwriting...