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PortuguêsLarry Fink, BlackRock Chairman and CEO said that the firm invested $24 million in the now-bankrupt cryptocurrency exchange FTX through the funds it manages. He added that despite the fact…
Continue ReadingSince people are once again talking about self-custody as one of crypto’s unique strengths, I would like to remind everyone about an equally important fundamental value proposition of crypto that,…
Continue ReadingDuring the last month, the market capitalization of all the stablecoins in existence dropped by more than 2%, shedding roughly $2.98 billion since the end of October. Statistics show that…
Continue ReadingThe market cap of Tether dropped amid the FTX fiasco while USD Coin supply increased by $2 billion. USD Coin (USDC), a stablecoin issued by the U.S.-based Circle Financials Ltd,…
Continue ReadingPRESS RELEASE. As if the cryptoverse needed more reasons for people to be fearful, both FTX and BlockFi rocked cryptocurrency blockchains and investors alike, sending prices spiraling, blockchains congesting, and…
Continue ReadingThe outflow of stablecoins from exchanges has been on the rise in the wake of the FTX saga. Users appear to be taking custody of their assets, which might have…
Continue ReadingCircle has alluded to over $10 million exposure to FTX It also hinted at the loss suffered due to Binance’s auto conversion In a recent Twitter post, Circle’s Jeremy Allaire…
Continue ReadingUSD Coin Issuer Circle has mentioned that Apple has now allowed and enabled crypto payments that will be using stablecoin on their payment platform. Merchants who accept the USDC will…
Continue ReadingThe crypto market managed an 11% bounce from the Nov. 9 low, but a handful of metrics show a severe lack of investor confidence. The total cryptocurrency market capitalization dropped…
Continue ReadingNearly all major stablecoins lost their dollar pegs amid the FTX saga, but most have recovered again as markets stabilize. Plunging cryptocurrency prices are not the only consequence of this…
Continue ReadingOn Nov. 9, 2022, a day after the news broke regarding Binance planning to purchase the exchange FTX, the crypto economy dropped 11.17% in 24 hours. The crypto economy has…
Continue ReadingAmidst the mayhem surrounding FTX and the Binance deal, there are currently numerous rumors circulating about possible contagion effects. If the takeover by Binance does not materialize, effects similar to…
Continue ReadingCircle, the company behind USDC, the second largest stablecoin on the market, announced its ambitions to expand the use of its Euro-backed stablecoin, EUROC. Circle offered a Euro-backed token in…
Continue ReadingPRESS RELEASE. It’s no secret to anyone that the past several months have been some of the worst performing markets in virtually every sector, thanks to the macroeconomic effects of…
Continue ReadingWhile the stablecoin economy has seen fluctuations from specific stablecoin tokens either increasing the project’s number of tokens in circulation or decreasing the supply, the stablecoin GUSD issued by Gemini…
Continue ReadingThe USDC issuer has started investing funds into its CRF (Circle Reserve Fund) to ensure that holders can redeem their coins when they want. Many crypto firms faced issues this…
Continue ReadingAccording to the crypto firm Circle Internet Financial, the company is “deepening” its partnership with the world’s largest asset manager Blackrock. Circle disclosed that it has started to transfer USDC…
Continue ReadingSoftware giant Microsoft has made a $14.8 million investment in Wemade, a Korea-based blockchain gaming services company that has recently launched its own stablecoin, named Wemix. The company was part…
Continue ReadingThe Robinhood CEO also announced the brokerage firm’s plans to expand the Robinhood Wallet internationally in the months to come. Crypto and stock trading platform Robinhood highlighted lagging cryptocurrency revenue…
Continue ReadingOver three billion in value was erased from the stablecoin economy during the past 30 days. The trend occurred despite the number of tethers in circulation rising by 2.2% last…
Continue ReadingThe approvals came after the Monetary Authority of Singapore issued two consultation papers that proposed to ease regulatory hurdles for digital asset service providers. Stablecoin issuers Circle and Paxos have…
Continue ReadingVolatility is one of the distinguishing attributes of the crypto market that springs surprises in several observers. It creates a desirable environment for traders and investors in the crypto industry…
Continue ReadingThe extended bearish trend caused panic and massive sell-offs in the crypto space. But it seems that the industry still records progressive moves. For example, a recent report shows a…
Continue ReadingSince the Tornado Cash affair, Circle’s USDC stablecoin’s market valuation has fallen precipitously. The market capitalization of USD Coin (USDC), which fell from $53.3 billion to just under $43.9 billion…
Continue ReadingThe aim behind stablecoins development was to provide stability over the highly volatile nature of crypto assets. This means that stablecoins hedge your funds against the impact of macroeconomic factors…
Continue ReadingSince Binance announced it would auto-convert USDC, USDP and TUSD into BUSD on Sept. 6, BUSD’s share of the total stablecoin market has risen from 10.01% to 15.48%. FTX CEO…
Continue ReadingIn mid-August, or 68 days ago, the market capitalization of the stablecoin BUSD was approximately $17.7 billion and since then, its grown 22.88% higher to today’s $21.78 billion. BUSD’s growth…
Continue ReadingAs of 22 October, the MakerDAO community is nearing the end of its governance vote on the investment proposal by Coinbase. Recall that Coinbase put forth a proposal on 7…
Continue ReadingThe exchange stated the stablecoin is purchased at three times the rate with U.S. dollars compared with other fiat currencies. United States-based cryptocurrency exchange Coinbase says the adoption of USD…
Continue ReadingOne move can make or break positions in the crypto world. Well, what we are implicitly referring to is stablecoins. The battle or rather the race to finish at the…
Continue ReadingAccording to a new Messari report, USDC was observed to be losing traction in the stablecoin market. BUSD on the other hand, was witnessing some growth. With new coins entering…
Continue ReadingCrypto whales all across the board have been seemingly taking more conservative positions in stablecoins since the bear market started. This has evolved into larger holdings in dollar-pegged cryptocurrencies which…
Continue Reading19 days ago, usd coin (USDC), the second largest stablecoin by market capitalization, had an overall valuation of around $48.82 billion and since then, it has continued to deflate down…
Continue ReadingOn October 13, 2022, Tether Holdings Limited announced that the stablecoin issuer has reduced the company’s commercial paper holdings down to zero. The company has said it would reach this…
Continue ReadingUSDT’s throne has been challenged over the years by USDC. Eight years after Tether issued its first USDT token, the company can claim to have seen it all from regulators’…
Continue ReadingAmerica’s oldest bank, the Bank of New York Mellon Corporation, commonly known as BNY Mellon, has announced the financial institution can now custody cryptocurrencies. A report published by the Wall…
Continue ReadingUSDC and USDT — two renowned stablecoins backed by the fiat currency, USD witnessed quite a few tussles over the years to stand at the #1 mark. While the latter…
Continue ReadingBrazil registered its highest number of companies and institutions declaring ownership of cryptocurrencies in August. The numbers, which come directly from the Brazilian Tax Authority (RFB), show that more and…
Continue ReadingBitcoin’s [BTC] next bull run could depend on how well USDC would flow into exchanges, according to the CryptoQuant CEO Ki Young Ju. The investor noted that the stablecoin played a…
Continue Reading274 days or roughly nine months ago, the crypto economy was worth $2.34 trillion and at $967 billion the aggregate value of all 13,192 crypto assets is $1.48 trillion less.…
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