Keep up with what's happening in the crypto world in real-time.
All Filters (1)
On Feb. 23, in response to the BUSD incident, Circle reported a significant increase in the circulation of their stablecoin, USDC. They have issued 2.1 billion and redeemed 1.
Key Points: In an effort to advance financial inclusion and digital literacy in the greater Atlanta area, Citizens Trust Bank, a bank governed by the Federal Deposit Insurance Corporation (FDIC), has teamed up with Circle Internet Finance to retain some of its reserves in Dollar Coin.
On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves.
Several hours before the public sale ended, Factor announced changes to decrease the initial circulating supply.
The Atlanta, Georgia-based bank joined the Federal Reserve System in 1947 and is classified as a Minority-owned Depository Institution.
Circle USDC Coin: Despite increasing regulatory pressure around crypto market, the US administration is far from providing a clear and distinct view. This is amid an increasing interest from new entrants into the cryptocurrency ecosystem, not just in US but globally.
Jeremy Allaire, the CEO of USDC issuer Circle, believes that the U.S. Securities and Exchange Commission is not the right regulator for stablecoins.
Circle is presently focused on expanding its staff. However, it also confirms that its plan to go public is not entirely off the table.
Circle Internet Financial, the issuer of the USDC stablecoin, is accelerating growth plans despite putting IPO plans put on the back burner.
The plan to expand its workforce comes just months after it mutually called off its plans to go public via a SPAC merger.
More and more US Dollar Coin [USDC] appeared to be being exchanged for Bitcoin [BTC] as of late. As a result of this influx, several addresses have seen a decrease in their holdings.
Gary Gensler's 2023 resolution must have been to reign in the crypto industry. This, as the U.S. Securities and Exchange Commission (SEC) chairman has issued a number of warning shots across the bow of the digital asset industry since the start of the new year, each with huge potential implications for the crypto landscape.
On-chain data from Santiment suggests the latest Bitcoin rally may have been fueled by USD Coin (USDC) shifting into the cryptocurrency. USD Coin Shark And Whale Addresses Have Declined Recently According to data from the on-chain analytics firm Santiment, USDC whale and shark addresses have gone down by almost 8% in the last two months.
USDC interest income benefited Coinbase during its latest earnings report, according to analysts.
There is no need for Mastercard users to rely on a third party to make a direct crypto payment, they can just use their existing Web3 wallets and private keys to approve payments. Meanwhile, Immersve will find a third-party settlement provider and allow its users to use USDC for paying for all purchases.
Payments giant Mastercard has partnered with Immersive to allow users to make crypto payments in the digital, physical, and metaverse worlds. Mastercard Inc has partnered with Web3 payment protocol, Immersive, to allow users to make cryptocurrency payments in the digital, physical, and metaverse worlds.
The recent rise and fall of Ethereum's price has prompted some investors to engage in risky behavior. Many have blindly followed the trend, buying into Ethereum after the price has risen and panic selling when the price drops.
Key Points: Users will be able to make crypto payments across digital, physical, and Metaverse worlds thanks to a collaboration between Web3 payment protocol Immersve and payments behemoth Mastercard. Transactions on the Mastercard network will be settled using Circle's USD Coin tokens, a stablecoin backed by US dollars.
Eight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Since then, the coin's market capitalization has been sliding lower as redemptions have become more prominent.
The Mastercard-Immersve partnership uses decentralized protocols to settle real-time cryptocurrency transactions on outlets accepting Mastercard payments online.
The stablecoin market has emerged as a big target for US regulators. Following the news that BUSD, Binances's dollar-based stablecoin managed by Paxos, was being targeted by regulators, industry observers began to wonder which shoe would drop next.
Stablecoins found themselves in the crosshairs of the latest regulatory FUD. BUSD was the most affected stablecoin in that regard and others have managed to stay unaffected.
According to a Bloomberg report, crypto exchange Binance is considering ending relationships with U.S. business partners. Allegedly the largest cryptocurrency exchange in the market is weighing the option of delisting tokens from any firms based in the U.S. jurisdiction due to a tightening in regulatory policies by the Securities Exchange Commission (SEC).
Crypto behemoth Binance Holdings Ltd. is contemplating severing its ties with its business partners in the United States as the pressure from regulators increases amid several high-profile crypto crackdowns in the country.
