As per Binance notification on twitter, Binance has temporarily suspended auto-conversion of USDC to BUSD due to current market conditions, specifically related to high inflows & the increasing burden to support the conversion. USDC( Circle) is in the center of…
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Circle’s USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank
Circle, a U.S.-based stablecoin issuer, has come under scrutiny after it was revealed that the company held a portion of its USDC stablecoin’s cash reserves at Silicon Valley Bank (SVB) as of January 17th. This comes after SVB was taken…
Voyager received more than 100M$ USDC from Coinbase in the past 3 days – Lookonchain
Voyager is selling its crypto assets thought Coinbase USDC as suggested by onchain data from Lookonchain. On July 5th, 2022, Voyager Digital Holdings, Inc. and two related debtors voluntarily submitted petitions for Chapter 11 bankruptcy protection under the U.S. Bankruptcy…
Mastercard Joins the Crypto Wave by Allowing USDC Settlements for Web3 Payments
Mastercard, a leading global payment technology company, has announced that it will enable merchants to accept cryptocurrency payments directly on its network. This means that consumers will be able to use their cryptocurrency holdings to make purchases at merchants that…
Is USDC the Most Promising Regulatory-compliant Stablecoin?
The cryptocurrency space has its share of bad actors. This is one of the reasons a lot of investors are having second thoughts about dipping their toes in digital assets. Circle’s USDC stablecoin is being marketed as one of the…
Stellar Collaborates With UNHCR to Provide Funds via USDC to Ukrainian Refugees.
Blockchain technology has been increasingly employed by humanitarian organizations to address issues with inadequate identification verification or a lack of banking in undeveloped or war-torn countries. Two Humanitarian Initiatives In December, two brand-new initiatives were unveiled, one of which will…
Circle Internet Financial Shifts Legal Base from Ireland to US with IPO Plans
Circle Internet Financial, the company behind the world’s second-largest stablecoin, USD Coin (USDC), has recently announced its plans to move its legal base from the Republic of Ireland to the United States. This strategic decision comes in response to the…
Polymarket Gains $70 Million in Funding Despite Regulatory Challenges
In recent times, Polymarket has emerged as a platform that enables users to engage in betting on political events. Spearheaded by renowned investors such as Peter Thiel’s Founders Fund and Ethereum co-founder Vitalik Buterin, Polymarket has successfully raised an impressive…
Althea Enhances Telecom and Utilities with New Blockchain Technology
Althea, an innovative company in the telecom and utilities industry, is dedicated to transforming the infrastructure landscape and reshaping the funding, construction, and operation of networks. Through the incorporation of the Interchain Stack and the introduction of the Althea L1…
Visa and Allium Labs Report Indicates Over 90% of Stablecoin Transactions May Not Involve Real Users
Stablecoins, a type of cryptocurrency pegged to an underlying asset like the U.S. dollar, have garnered significant attention in recent years. Proponents argue that stablecoins have the potential to revolutionize the payments industry, offering fast, low-cost transactions. However, a new…
Tornado Cash Receives $3.3M in Ether Following Poloniex Hack Theft
In a shocking incident that sent shockwaves through the cryptocurrency community, a skilled hacker managed…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
