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Philanthropic FTX Foundation Sunsets Operations Amid Bankrupt Exchange’s Fallout
11.11.2022
The philanthropic effort created by the troubled crypto exchange FTX has detailed it is sunsetting operations and told the community that members were “shocked and immensely saddened” by the turn of events that transpired around the trading platform. Sam Bankman-Fried’s Altruistic Efforts...
Major stablecoins destabilized as market volatility and redemptions surge
11.11.2022
Nearly all major stablecoins lost their dollar pegs amid the FTX saga, but most have recovered again as markets stabilize
Elephant in the Room: FTX Troubles Force Exchange Executives to Talk About Proof-of-Reserves
9.11.2022
On Nov. 9, 2022, a day after the news broke regarding Binance planning to purchase the exchange FTX, the crypto economy dropped 11.17% in 24 hours. The crypto economy has slid under $900 billion for the first time since January 2021. The Binance and FTX news has come as a shock to a lot of […]
Tether, Circle and Coinbase deny having exposure to FTX and Alameda
9.11.2022
Coinbase CEO Brian Armstrong said that the recent FTX and Alameda debacle was a result of risky practices such as the misuse of user funds
Stablecoin Issuer Circle Plays Down FTX, Alameda Exposure
9.11.2022
FTX was one of the investors in Circle's 2021 financing round of $440 million
Yuga Labs, Circle, SkyBridge Among Investments FTX Ventures Made Prior to Liquidity Issues
9.11.2022
FTX Ventures invested in some of the biggest names in crypto. Meanwhile, TradFi giants such as Tiger Global have participated in FTX's funding round
Payment Firm Circle to Bring Euro Coin to Solana in Early 2023
7.11.2022
Circle, the US-based payments company that issues the stablecoin USD coin (USDC), announced its plans to bring its Euro Coin and cross-chain transfer protocol to Solana (SOL) in early 2023.
In a Sunday press release, the company said that it aims to expand native support of Euro Coin and access...
USDC Issuer Circle to Add Solana Support for Euro Coin in 2023
7.11.2022
Stablecoin issuer Circle said it will add support for Euro Coin on the Solana blockchain early next year
Circle Starts Moving USDC Reserves Into a Blackrock-Managed Fund, Firm Expects to Be ‘Fully Transitioned’ Next Year
6.11.2022
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 USDC reserves into a Blackrock-managed fund that’s registered with the U.S. Securities and Exchange...
Circle starts pouring money into its Reserve Fund, aims to fill it in 2023
4.11.2022
The Circle Reserve Fund is managed by BlackRock under the custody of Bank of New York Mellon
Circle Begins Putting Reserves Into New BlackRock Fund
3.11.2022
Circle Internet Financial has begun moving the reserves for its USDC stablecoin into a dedicated fund set up by BlackRock Inc. and registered with the U.S. Securities and Exchange Commission, the company disclosed Thursday
Stablecoin Blues: $3 Billion Erased From the Dollar-Pegged Token Economy, HUSD Depegs, USDC Supply Drops 10%
3.11.2022
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, tether’s market capitalization was approximately $67.95 billion, and it’s risen...
Stablecoin issuers Circle and Paxos gain approvals in Singapore
2.11.2022
The approvals came after the Monetary Authority of Singapore issued two consultation papers that proposed to ease regulatory hurdles for digital asset service providers
Singapore Grants Stablecoin Issuer Circle In-Principle License to Offer Payment Products
2.11.2022
Circle received an in-principle license as a major payments institution in Singapore, allowing it to offer cross-border and domestic payment services
Crowdfunding Platform StartEngine to Acquire Rival SeedInvest From Circle
27.10.2022
StartEngine CEO Howard Marks says security token efforts will continue on the combined platform
Stablecoin Issuer Circle Bullish on European Union After Crypto Asset Law Proposal
27.10.2022
The US-based stablecoin issuer Circle is turning bullish on the crypto industry in European Union (EU), calling the Markets in Crypto Assets (MiCA) law “a regulated path for stablecoins in Europe.”
Speaking at the Blockchain for Europe Summit in Brussels, Belgium on Tuesday, Patrick Hansen...
Gaming DAO Merit Circle to Burn Nearly $170M Worth of MC Tokens
26.10.2022
Decentralized autonomous organization (DAO) Merit Circle has voted to burn $169 million worth of its native token
Chainalysis: Stablecoins Used to Fight Devaluation and Inflation in Latam
24.10.2022
According to Chainalysis, a crypto auditing and blockchain tracking firm, the use of dollar-pegged stablecoins is growing in Latam, specifically in Argentina and Venezuela, due to the common economic problems that both countries are facing. 34% of the “small” transactions include...
USDC’s Market Cap Sheds Close to $4 Billion in Less Than 20 Days, Binance’s BUSD Climbs 3%
17.10.2022
19 days ago, usd coin (USDC), the second largest stablecoin by market capitalization, had an overall valuation of around $48.82 billion and since then, it has continued to deflate down to today’s $44.93 billion. Statistics show that during the last three months, USDC’s market...
Blockchain Development Platform Tatum Raises $41.5M From Octopus, Circle, Others
12.10.2022
Blockchain development platform Tatum has raised $41.5 million in funding from Octopus Ventures, Circle, Leadblock Fund and founders of crypto exchange Bitpanda, among others