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 MiCA law focuses on the management and strict rules for crypto asset service providers.
The whale address has liquidate all its Moonbirds NFTs incurring losses as high 32% on its investments.
Nissan isn’t the first automaker to file a patent for its products. General Motors, Ford, and Benz have all filed multiple Web3 trademark applications.
Citing the strong deterioration in the macroeconomic data, Blockchain.com decided to shutdown BACM that served institutional players.
The new web3 discovery surface will afford users the opportunity of exploring the best decentralized applications (dApps) available on Web3.
Thanks to AI technology, its Clyde bot can now answer questions and even have extended conversations with users. Besides, it allows users to start a thread for a group of people. The bot can also recommend playlists, and access GIFs and emojis like any Discord user.
The proposed NUSD stablecoin won’t depend on any USD reserves. Instead, it will solely depend on derivatives exchanges that list liquid inverse perpetual swaps, Hayes said.
The evolution of the blockchain ecosystem over the past years has been intriguing and so has the growing integration into the new industry by other technology, especially AI. Should it be observed more keenly, both blockchain and AI are closely related with each enhancing the other’s overall functionalities.
The MDK would be useful for integrating Bitcoin mining into multiple use cases such as heating solutions, off-grid mining, home mining, or intermittent power applications
World-leading cryptocurrency miner Argo Blockchain recorded increased Bitcoin production despite the rise in network difficulty.
Even in its pre-alpha stage, the Ethereum Layer 2 platform Scroll has reached one million unique addresses as well as 16 million transactions.