Keep up with what's happening in the crypto world in real-time.
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Binance announces a promotion for new and existing users, offering $100,000 USDC in rewards and loss protection for Spot trading activities.
The Ronin Network has been able to recover approximately $10 million worth of Ethereum (ETH) that was stolen in a recent security breach. As of now, the network expects the US dollar-pegged stablecoin USDC to be returned later in the day.
Year 2024 is getting very tough for the crypto ecosystem. The global market crash and the crypto hacks are affecting digital currencies. In the series of crypto hacks, Ronin Bridge faced a significant exploit, losing around $12 million worth of cryptocurrency. Such exploits highlight ongoing security challenges in the blockchain world.
dYdX announces MegaVault, a feature enabling USDC deposits for liquidity provision and yield generation, with automated market-making strategies across various markets.
In a significant blow to the Ronin Network, the blockchain bridge has reportedly been hacked. It has resulted in the theft of approximately $12 million in Ethereum (ETH) and USD Coin (USDC).
Jump Trading is making significant crypto transactions involving large amounts of USDC stablecoin and is expected to cash out $440 million, notes onchain sleuth Lookonchain.
Circle, the issuer of the stablecoin USDC, has announced that it will end support for its stablecoin on the Flow blockchain effective Sept. 3, 2024. In a blog post on Aug.
Circle announces the discontinuation of USDC support on the Flow blockchain due to an upcoming network upgrade, effective September 3, 2024.
Crypto needs a main character. Today, it's Jump Crypto.
As 2024 progresses, stablecoins are seeing remarkable growth. Their market dominance has climbed to 6.93%, continuing a ten-month trend of increasing value.
Tether (USDT) has long been the leading stable coin, commanding over 70% of the market share. However, recent developments suggest that USDC is making significant strides, with its market share rising by 37% since the collapse of Silicon Valley Bank (SVB).
USDC trading volume climbed 48% in July thanks to the MiCA regulatory framework and significant market inflows. USDC Trading Volume Hits $135 Billion New regulations in Europe regarding digital assets and a jump in market inflows caused Circles stablecoin trading volume to skyrocket in July.
As of July 25, the market cap of USD Coin (USDC) increased 5.4% to $33.6 billion. Circle was the first stablecoin issuer to get approval from EU authorities.
Tether's USDT has become dominant with over 70% market share, after USDC's decline following the SVB collapse.
The market capitalization of stablecoins increased by 2.1% to $164 billion in July, the highest level since April 2022.
The General Inspection of Justice (IGJ) has approved the registration of a company whose capital includes Bitcoin (BTC) and USD Coin (USDC). This landmark decision marks the first instance in Argentina where cryptocurrencies have been officially recognized as part of a company's initial capital investment.
Ferrari, the luxury Italian automaker, has announced plans to extend its crypto payments scheme to Europe following the massive success in the United States.
The stablecoin economy is experiencing renewed growth. Over the past week, the market capitalization of all stablecoins increased by $1.52 billion. The growth over the past seven days was primarily driven by tether (USDT), the largest stablecoin by market valuation, with its supply expanding by 1.2 billion coins.
In an Argentina national first, a law firm says a regulator let it register a firm whose capital is partially made up of Bitcoin (BTC) and USD Coin (USDC).
Polygon (MATIC) CDK is the first chain development kit to integrate Circle's Bridged USDC Standard, offering seamless upgrades and improved liquidity.
Stablecoin issuer Circle has introduced Social Logins and Email OTP verification to make user onboarding easier. This is in a bid to make Web3.0 accessible to Web2 users.
The world of cryptocurrencies is constantly evolving, and one of the stablecoins that has seen significant growth in 2024 is USDC (USD Coin), also due to the European compliance of MiCa.
In this article, the uses, risks, and other topics of interest related to stablecoin will be explored.
All stablecoins are equal, but some stablecoins are more equal than others - Basel Committee
