UN Taps Stellar Blockchain to Send War-Impacted Ukrainians USDC Stablecoins
The UN Refugee Agency is turning to crypto to aid internally displaced persons and other war-affected people in Ukraine.
Keep up with what's happening in the crypto world in real-time.
The UN Refugee Agency is turning to crypto to aid internally displaced persons and other war-affected people in Ukraine.
Binance, the world's largest crypto exchange by trading volume, endured a wave of withdrawals on Monday amid concerns about its proof of reserve report. "The Hash" hosts discuss the outlook for Binance.
The leading cryptocurrency exchange Binance was caught up with speculations recently following the abrupt suspension of USDC withdrawals from the platform. After about nine hours, however, the exchange also managed to weather the storm after it announced again the resumption of USDC withdrawals.
Circle CEO Jeremy Allaire joins CNBC's "Squawk Box" to discuss the fallout from the collapse of FTX and the arrest of Sam Bankman-Fried and how it's affecting Circle's popular stablecoin, USDC.
Paxos has confirmed that Binance turns all USDc into fiat, minting bUSD for 1:1. Is there a risk?
Binance USD's (BUSD) supply declined by over 15% to $18.8 billion from $22 billion within the last 24 hours after Binance experienced a surge in withdrawals. The post BUSD's supply falls below $20B as USDC's supply climbs above $45B appeared first on CryptoSlate.
"While we expect the next several months to be bumpy, we will get past this challenging period," Binance's boss said in a company memo.
Cryptocurrency exchange Binance has announced that it is resuming USDC stablecoins after temporarily pausing requests for several hours. The halt in withdrawals was announced as the world's largest cryptocurrency exchange faces record stablecoin outflows.
Binance restarted withdrawals of stablecoin USDC Tuesday (Dec. 13) after an hours-long pause. The cryptocurrency exchange tweeted “$USDC withdrawals are back online.
Yahoo Finance's David Hollerith explains why Binance has temporarily halted USDC withdrawals.
Due to massive withdrawals from Binance, the crypto exchange paused USDC withdrawals. However, Changpeng Zhao states that the decision is temporary.
Binance has resumed processing withdrawals requests of the USD Coin (USDC) stablecoin after pausing them for several hours. The post Binance resumes USDC stablecoin withdrawals after temporary pause appeared first on The Block.
Cryptocurrency exchange Binance announced on Tuesday that it is temporarily halting withdrawals of the stablecoin USDC (CRYPTO: USDC) while it conducts a "token swap." The decision was made as investors worry about Binance's stability in the wake of the collapse of competitor exchange FTX (CRYPTO: FTT) and charges being filed against its former CEO Sam Bankman-Fried by the U.S. authorities.
Amid surging outflows, Binance has paused withdrawals of the USDC token.
Yahoo Finance's Jared Blikre joins the Live show to discuss how cryptocurrencies are moving following the arrest of FTX founder Sam Bankman-Fried and Binance pausing USDC stablecoin withdrawals.
In an unexpected move, the world's largest cryptocurrency exchange, Binance, has temporarily halted USDC (USD Coin) withdrawals. This news sent a few tremors through the crypto community but doesn't seem to be very serious according to the exchange.
Binance paused withdrawals of stablecoin USDC Tuesday (Dec. 13) as it conducted a “token swap.” “On USDC, we have seen an increase in withdrawals,” Chanpeng Zhao, CEO of the world's largest cryptocurrency exchange, tweeted at 3:21 a.m.
Binance has halted withdrawals of USDC stablecoin, CZ promises they will be restored soon
Binance, the world's biggest crypto exchange, said on Tuesday it had "temporarily paused" withdrawals of the major stablecoin USDC.
Binance, the world's largest cryptocurrency exchange, said Tuesday it is pausing withdrawals of the stablecoin USDC while it carries out a "token swap."
Binance CEO Changpeng ‘CZ' Zhao blamed banks for the exchange delay in processing USD Coin (USDC) withdrawals in a December 13 tweet. The post Binance clarifies USDC withdrawals were due to token swap, replenishing hot wallet appeared first on CryptoSlate.
Binance CEO Changpeng ‘CZ' Zhao blamed banks for the exchange delay in processing USD Coin (USDC) withdrawals in a December 13 tweet. The post Binance clarifies USDC withdrawals were down due to token swap, replenishing hot wallet appeared first on CryptoSlate.
Some $1.6 billion on Ethereum has been withdrawn from the world's biggest crypto exchange over the past 24 hours. The post Binance CEO addresses USDC outflows: ‘feel free to withdraw any other stablecoin' appeared first on The Block.
Coinbase is waiving the conversion fees for users that wish to switch to a "trusted stablecoin" in a new campaign that highlights the quality of reserves that back Circle-owned USD Coin (USDC). "The Hash" panel discusses the potential reasons behind Coinbase's move.
