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Blockchain analysts have recently observed a significant transaction involving Ethereums co-founder, Vitalik Buterin. Records indicate that Buterin moved an impressive $14.9 million in USD Coin (USDC) to the well-known cryptocurrency platform, Gemini.
Blockchain analysts have honed in on a significant transaction originating from a wallet associated with Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin. What Happened: In the transaction, Buterin transferred approximately $14.9 million worth of USD Coin (CRYPTO: USDC) to the popular cryptocurrency exchange Gemini.
Blockchain sleuths flagged a $14.9 million transfer of USDC coming from a wallet associated with Vitalik Buterin.
The entity behind popular DeFi exchange Uniswap will levy a small fee – the first in its history.
Ferarri's wealthy customers have been bugging the Italian car maker to adopt cryptocurrency. Now, the luxury sports car brand will begin accepting crypto in the US and soon in Europe.
The wins of XRP and some losses that Circle had to take earlier in the year contributed to the replacement. Who else got on the list?
Recent findings by Kaiko Research have brought to light unusual activities involving the Huobi Token, previously known as HTX. Significantly, a massive conversion of Tether (USDT) into USD Coin (USDC) has been observed over the last three months.
“A new alliance between Circle and Coins.ph is set to transform the financial landscape for 18 million users, promising them swifter, more affordable, and readily accessible remittance options.
The Hong Kong Virtual Assets Consortium (HKVAC) has recognized XRP's latest growth maneuvers by adding digital currency to the HKVAC Cryptocurrency Global Large Top5 Index. This inclusion is revered in part because it was achieved after XRP displaced USD Coin (USDC) from the 5th position in terms of market capitalization ranking.
On October 13th, Hong Kong's renowned index company, HKVAC, introduced sweeping changes to its flagship cryptocurrency indexes. Among these alterations, the replacement of USDC by XRP in the world's top five cryptocurrencies caught significant attention, signaling a possible shift in investor sentiments.
Financial indexes are numeric scores that assist investors in following consolidated data on different markets or sectors, usually weighted by specific rules or the importance each index manager sees for each asset composing its basket.
Companies are finding new uses for stablecoins, and that is opening growth opportunities for crypto investors.
In a recent development that has caught the attention of the cryptocurrency community, Coinbase, a global leader in cryptocurrency trading, has made a significant change to its operations on the Polygon network.
A Polygon-based real estate-backed stablecoin called Real USD ($USDR) has lost over half of its value in a matter of hours after it was drained off of its liquid collateral, leaving only rental properties in the UK backing the cryptocurrency.
Coinbase, one of the leading cryptocurrency platforms, announced on October 12, 2023, that it will no longer support withdrawals of pUSDC, the wrapped version of USDC on the Polygon network. However, pUSDC deposits will still be available, and users can withdraw the native version of USDC on Polygon instead.
A user lost what had been worth $131,350 while swapping USDR for USDC following the 50% crash of USDR's price on Oct. 11.
Crypto news in Circle's house: on the one hand, the launch of the native USDC stablecoin on the Polygon network and, on the other, the collaboration with crypto-exchange Coins.ph to promote remittances denominated in USD Coin.
While Circle faces significantly big competition from rival stablecoins issued by Tether (CRYPTO: USDT) and PayPal (CRYPTO: PYUSD), its recent developments like minting native (CRYPTO: USDC) coin, partnerships and integrations across, have taken the USDC issuer on a roll. The company is aiming to roll out the stablecoin on six more blockchain networks in the upcoming months.
In a significant development for cryptocurrency enthusiasts, Coinbase, a leading crypto exchange, has broadened its horizons by incorporating the Polygon (MATIC) network into its roster of supported blockchains for USDC. This announcement marks a pivotal moment in the crypto landscape, providing users with an enhanced level of flexibility when it comes to managing their digital assets.
“Circle is delving into the world of Ethereum's Layer 2, Polygon, to facilitate the direct provision of USDC liquidity within the proof-of-stake scaling protocol.
Circle has launched the native version of its USDC stablecoin on Polygon as it attempts to shore up the coin's dwindling market share.
Circle has partnered with the Philippines-based crypto exchange Coins.ph to facilitate remittances through its USDC stablecoin/
Circle's groundbreaking move to mint USD Coin (USDC) natively on Polygon promises a revolution in seamless, cost-effective blockchain transactions.
18 million users of Coins.ph are expected to receive a faster, lower-cost and more accessible remittance option as a result of the new partnership with Circle.
