Search
Bitcoin bulls at risk? Tether growth rate flatlines despite market cap crossing $64B
18.8.2021
The market capitalization of the world's largest stablecoin received a boost despite facing regulatory threats in the United States
Leading DeFi Charity Platform MUNCH Unites the Crypto World With New ‘Charity Circle’
13.8.2021
PRESS RELEASE. Charitable company MUNCH will lead a philanthropic effort called Charity Circle, which will donate to charitable global causes using ETH. 13th August 2021, London, UK — Leading DeFi charity platform MUNCH has announced ‘Charity Circle’ – a philanthropic effort...
Coinbase removes ‘backed by US dollars’ claim for USDC stablecoin
11.8.2021
The Coinbase website now states that USD Coin is “backed by fully reserved assets,” contrary to the now-removed claim of “backed by U.S. dollars in a bank account.”
Circle Intends to Become a Full-Reserve National Commercial Bank
11.8.2021
Circle, a cryptocurrency fintech services company, announced it intends to become a full-reserve national commercial bank. This would bring a set of responsibilities and duties to the company equal to those of other mainstream banks: having to report to the Federal Reserve, U.S. Treasury, OCC,...
The $62B Stablecoin Giant Tether Publishes Assurance Report Reviewed by Auditor Moore Cayman
10.8.2021
Tether Limited has released an assurance report reviewed by Moore Cayman, an auditor of investment funds and digital assets. The report provides a breakdown of the company’s assets and reserves which Moore Cayman claims are around $62.7 billion as of June 30. Tether Publishes Assurance Report...
SEC Fines Poloniex $10 Million for Operating Unregistered Cryptocurrency Exchange
9.8.2021
The U.S. Securities and Exchange Commission (SEC) has charged Poloniex with operating an unregistered cryptocurrency exchange. Poloniex has agreed to a cease-and-desist order and to pay $10.34 million. SEC Hits Poloniex With Cease-and-Desist Order, Penalties The SEC announced Monday that...
Circle plans to become a full-reserve national digital currency bank
9.8.2021
Circle is willing to operate under supervision of the Federal Reserve, the U.S. Treasury, the OCC, and the FDIC, CEO Jeremy Allaire said
USDC Issuer Circle Set to Turn Into Full-Reserve National Commercial Bank
9.8.2021
Jeremy Allaire. Source: a video screenshot, Youtube, IMF
US-based crypto company Circle, the issuer of the second-most popular stablecoin USD Coin (USDC), said it's on a journey towards becoming "a national digital currency bank."
Per today's post by the company's CEO Jeremy Allaire,...
Huobi Stablecoin Issuer Publishes Attestation Reports Tied to HUSD Reserve Backing
6.8.2021
The crypto financial services company Huobi and the firm’s stablecoin issuer Stable Universal have published monthly HUSD attestation reports. The audits indicate the funds that back Huobi’s stablecoin are kept in cash in U.S. money market accounts in order to ensure the 1:1 ratio with...
Stablecoin market to hit $1T by 2025, Unstoppable Domains CEO predicts
5.8.2021
As an early crypto bull, Unstoppable Domains CEO Matthew Gould believes that Bitcoin won’t retest its all-time high of $64,000 for at least one year
Circle and Unstoppable Domains to introduce username-based USDC payments
4.8.2021
USD Coin holders will soon be able to transfer the stablecoin via human-readable addresses across supported wallets and crypto exchanges
Crypto.com enables withdrawals of USDC for users worldwide
3.8.2021
Support for withdrawals comes shortly after Crypto.com launched support for USDC deposits, thanks to a new partnership with USDC issuer Circle
Why Stablecoins Are Suddenly in the News
27.7.2021
From questions surrounding Tether's USDT to Circle's plan to go public, here is your guide to why everyone is suddenly talking about stablecoins
Crypto derivatives exchange Bitget to list USDC as collateral for margin trading
27.7.2021
The Singapore-based crypto trading platform has inked a partnership with stablecoin issuer Circle
Circle K Deploys Bitcoin ATMs in Stores Across US and Canada — Over 700 Machines Already Installed
24.7.2021
A leading convenience and fuel retailer, Circle K, is deploying bitcoin ATMs in its stores across the U.S. and Canada. More than 700 machines operated by Bitcoin Depot have already been installed. “As one of the world’s leading convenience and fuel retailers, Circle K is the first major...
Paxos Standard Presents Assets Backing Its Stablecoins
23.7.2021
Paxos, a regulated blockchain company, recently presented the basket of resources that back its stablecoins. Paxos Standard (PAX) and Binance USD (BUSD) are reportedly backed almost 100% by cash and cash equivalents. Dan Burstein, CCO of Paxos, harshly criticized Tether and Circle, issuers of other...
Circle K convenience stores will host thousands of crypto ATMs
22.7.2021
Despite suspending service to some crypto ATMs during the early days of the pandemic, Bitcoin Depot has continued to expand
Mastercard Collaborates with Circle for USDC
21.7.2021
Circle announced a strategic partnership with Mastercard to employ USDC for the facilitation of converting cryptocurrency to fiat currency. The use of USDC will increase the ability of cryptocurrency businesses and card issuers to allow their customers to spend their crypto assets. At present...
FTX Closes $900 Million Series B — Capital Raise Pushes Exchange Valuation to $18 Billion
21.7.2021
FTX Trading Ltd. announced the firm has closed the largest capital raise in crypto exchange history in a Series B funding round for $900 million. The financing gives FTX a valuation of around $18 billion and the crypto firm aims to expand its global presence. FTX Closes Largest Capital Raise...
Auditors reveal USDC backing as Jim Cramer sounds alarm over Tether's mad money
21.7.2021
Grant Horton has conducted an audit on USDC’s reserves and Jim Cramer has questioned what's going on with Tether's commercial paper reserves