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PortuguêsOn Wednesday, October 13, 2021, the market capitalization of all the stablecoins in existence is around $134 billion, which is 5.60% of the entire $2.4 trillion crypto economy. While centralized…
Continue ReadingMoneyGram International, Inc., one of the world’s largest money transfer services, is currently trending, especially within the crypto-community after a recent collaboration with the Stellar Foundation. International remittance service MoneyGram…
Continue ReadingStablecoins have been under a lot of regulatory scrutiny off late, largely due to unclarified laws around the world. In response to this upheaval, the Bank of International Settlements (BIS)…
Continue ReadingThe United States Securities and Exchange Commission [SEC] has been keenly watching not just stablecoins, but also high-interest crypto-products. In fact, back in September, the SEC also served a Wells…
Continue ReadingAs of September 25, 2021, there’s $129.3 billion worth of stablecoin assets in existence which represents 6.54% of the crypto economy. The second-largest stablecoin by market valuation, USDC, has seen…
Continue Reading“The stablecoins are acting almost like poker chips at the casino right now… We’ve got a lot of casinos here in the Wild West, and the poker chip is these…
Continue ReadingRecently Bitcoin.com News covered the stablecoin tether and how the crypto asset’s market valuation jumped more than 1,500% in just over 500 days. In addition to this exponential increase, the…
Continue ReadingOn August 5, 2021, the Ethereum network and its participants successfully completed the highly anticipated London upgrade, which saw the implementation of the Ethereum Improvement Proposal (EIP)-1559. Since then, 303,681…
Continue ReadingAs onlookers predict top Chinese property developer and commercial paper issuer Evergrande will default, some analysts believe the firm poses systemic risks to crypto. Amid speculation as to whether China’s…
Continue ReadingCrypto traders flocked to the safety of stablecoins during the Sept. 7 market crash. A sharp sell-off across the cryptocurrency market Tuesday—that saw top tokens like Bitcoin (BTC), Ether (ETH),…
Continue ReadingCentre, the consortium created by Circle and Coinbase around USD coin (USDC), has assembled a team of new executives to power its expansion overseas. The new team, comprising six new…
Continue ReadingA less prominent cryptocurrency exchange, Bilaxy, confirms a major hacking incident on its platform. In addition, the exchange reports some fund losses from the attack on its platform’s ERC-20 hot…
Continue ReadingCoinbase president Emilie Choi expects USDC’s updated reserves policy to be in full effect by September. Coinbase president and COO, Emilie Choi, has announced that the reserves backing the stablecoin…
Continue ReadingThe market capitalization of the world’s largest stablecoin received a boost despite facing regulatory threats in the United States. Tether Holdings Ltd, the issuer of the largest stablecoin, Tether (USDT),…
Continue ReadingWill Solana be the one? The race to be the prime smart-contract-enabled blockchain is heating up. Many projects are chasing Ethereum’s tail, offering faster and cheaper transactions plus technological innovations.…
Continue ReadingThis is an interesting thought experiment. Is the current Ethereum unforkable? Do all the Decentralized Finance products and instruments built on top of it make an Ethereum fork an instrument…
Continue ReadingOn Friday, a few days after the initial hack for $611 million, the Poly Network project detailed that the company has obtained all the assets stolen minus the frozen tether…
Continue ReadingTwo days after the notorious Poly Network hack, the hacker continues to send funds back to the project. On August 12, the Poly Network hacker so far has returned millions…
Continue ReadingTether (USDT) now has an advantage over USD Coin (USDC). As a result, Circle’s dollar-pegged stablecoin, USDC, lost one of its largest leveraging stances to its main competitor, USDT. Coinbase,…
Continue ReadingOn August 11, the blockchain intelligence firm Chainalysis published its findings on the recent Poly Network hack which saw the loss of approximately $611 million crypto tokens. The assessment from…
Continue ReadingOn Tuesday, the decentralized finance (defi) project Poly Network was hacked for over $600 million in digital assets. The attack was the largest defi hack to date eclipsing all of…
Continue ReadingThe Coinbase website now states that USD Coin is “backed by fully reserved assets,” contrary to the now-removed claim of “backed by U.S. dollars in a bank account.” USD Coin…
Continue ReadingThe company behind the increasingly popular USDC stablecoin dreams big. Circle wants to leverage its know-how and good reputation to become “a global digital currency bank.” That means it’s also…
Continue ReadingTether Limited has released an assurance report reviewed by Moore Cayman, an auditor of investment funds and digital assets. The report provides a breakdown of the company’s assets and reserves…
Continue ReadingThe crypto financial services company Huobi and the firm’s stablecoin issuer Stable Universal have published monthly HUSD attestation reports. The audits indicate the funds that back Huobi’s stablecoin are kept…
Continue ReadingUSD Coin holders will soon be able to transfer the stablecoin via human-readable addresses across supported wallets and crypto exchanges. The bid to introduce human-readable addresses as an alternative to…
Continue ReadingThe Singapore-based crypto trading platform has inked a partnership with stablecoin issuer Circle. Derivatives exchange Bitget is set to become one of the first exchanges to list USD Coin (USDC)…
Continue ReadingPaxos, a regulated blockchain company, recently presented the basket of resources that back its stablecoins. Paxos Standard (PAX) and Binance USD (BUSD) are reportedly backed almost 100% by cash and…
Continue ReadingTether’s general counsel said a full audit is coming in months. There will be an official audit of the world’s most popular stablecoin Tether within months according to the project’s…
Continue ReadingGrant Horton has conducted an audit on USDC’s reserves and Jim Cramer has questioned what’s going on with Tether‘s commercial paper reserves. Auditors working for Circle have disclosed the reserves…
Continue ReadingPayments giant Mastercard has announced that its crypto card program is being enhanced for cryptocurrency wallets and exchanges. The company said, “Making the process simpler will allow more banks and…
Continue ReadingOn July 20, the CEO of Circle Internet Financial LLC., Jeremy Allaire, published a blog post that explains the firm’s dollar-pegged stablecoin is backed by “prioritized trust, transparency, and accountability.”…
Continue ReadingThe President’s Working Group on Financial Markets expects to deliver regulatory recommendations for stablecoins in the coming months. United States Treasury Secretary Janet Yellen has told financial regulators that the…
Continue ReadingOver the last few weeks, cryptocurrency markets have fallen in value as most of these assets reached all-time price highs three months ago. Despite the price drops, 2021 has still…
Continue ReadingHop plans to roll out support for additional crypto assets and layer-two networks in the coming weeks. Hop Protocol, a team working on interoperability within Ethereum’s layer-two ecosystem, has launched…
Continue ReadingThe Boston-based crypto financial company Circle has announced the firm plans to go public this year in a merger with Concord Acquisition Corp. Circle revealed the news on Thursday and…
Continue ReadingFitch notes potential asset contagion risks posed by stablecoins could lead to tighter regulations for the industry. The growth of stablecoins that are not fully backed by safe assets could…
Continue ReadingThe growth of USDC in 2021 is more tremendous than that of Tether. The Ethereum-based USDC stablecoin is gaining immense traction as the experts deem it as the most dominant…
Continue ReadingCentre, the consortium behind the issuance of USD Coin (USDC), announced it will launch the popular asset on 10 more blockchains. This would expand the reach of USDC to other…
Continue ReadingTether supplies on Ethereum are dwindling as USD Coin demand grows and grows. USDC has grown much faster than Tether (USDT) in 2021 and it is emerging as the dominant…
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