
Circle Reassures Customers Riding on Promises from Federal Regulators
According to Circle, the bulk of its reserve for the USDC stablecoin is domiciled in US Treasury Bills.
According to Circle, the bulk of its reserve for the USDC stablecoin is domiciled in US Treasury Bills.
Garlinghouse noted that financial systems are broken given their high susceptibility to rumors as evidenced by the current banking crisis.
Pressure continues to mount on stablecoins given the current situation that has seen three major crypto-backing banks collapse in the past few days.
USDC stablecoin issuer Circle has a staggering $3.3 billion of its total reserves with the Silicon Valley Bank. Circle has promised to cover any shortfall using corporate resources as well as external capital if required.
The whale address has liquidate all its Moonbirds NFTs incurring losses as high 32% on its investments.
Interesting price action was experienced in Huobi Token over the past 24 hours in which the digital currency, native to the Huobi Global exchange experienced a flash crash with its price dropping by as much as 93%. In what is considered a very rare event, the digital currency rebounded at almost the same rate within a short time.
Just like the name, the Siren Collection featured the firm’s iconic brand Siren and they were priced at $100 each.
The office of the NYAG recently filed a lawsuit against crypto exchange KuCoin for “disregarding our laws and putting investors at risk.”
Tech powerhouse Amazon plans to launch NFTs granting ownership of physical goods to improve customer experience and draw more shoppers.
After months of waiting and the most recent hope that repayment will start trickling in for MtGox creditors, the wait is now billed to be elongated by approximately one month.
US senators Kirsten Gillibrand and Cynthia Lummis will release a new draft of the bipartisan crypto bill in April.
Behnam said that most fiat-backed stablecoins don’t operate with the intention of profit and thus shall be treated as securities.
Binance Exchange, the world’s largest crypto trading platform has announced the addition of 11 new tokens to its Proof-of-Reserve (PoR) system, expanding its coverage of assets that users can verify per the state of its current balance sheet.
In one of its first products since its formation, Forkast Labs has launched three specific indexes as it seeks to double down on its influential role in the crypto world.
Getty Images is gearing up to launch new photography NFTs to individual collectors. Through its partnership with Candy Digital, the visual content creator, Getty Images, will turn photographs from its 1970s music and culture collection into NFTs.