Bitcoin News / Bitcoinist - 3 years ago
Stablecoins have become an integral part of the multiple developments and improvements that are ongoing in the crypto sphere and cryptocurrency networks are not the only systems executing new developments in the digital currency space.
Some banks ar...
Cryptocoins News / The Cointelegraph - 3 years ago
Circle’s investment arm has joined a funding round for CNHC, the issuer of the eponymous stablecoin pegged to the offshore yuan. The investment arm of major cryptocurr...
Cryptocoins News / The Cointelegraph - 3 years ago
The “big four” Australian bank is the second to issue a stablecoin and hopes to support transactions by corporate clients by the end of the year. National Australia Ba...
Cryptocoins News / The Cointelegraph - 3 years ago
The “Big Four” Australian bank is the second to issue a stablecoin and hopes to support transactions by corporate clients by the end of the year. National Australia Ba...
Cryptocoins News / The Cointelegraph - 3 years ago
On this week’s episode of The Market Report, Cointelegraph’s resident experts explain what is going on with banks collapsing, stablecoins depegging and what you should do to stay safe....
Bitcoin News / Bitcoinist - 3 years ago
The U.S. Justice Department is investigating the 2022 collapse of the TerraUSD stablecoin and is considering bringing criminal charges against the coin’s creator, Do Kwon, as reported by the Wall Street Journal.
The move comes after the U.S. Se...
Bitcoin News / Bitcoin.com - 3 years ago
The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd (UST) and the firm Terraform Labs. Unnamed sources say that former staff members from Terr...
Bitcoin News / Google News Bitcoin - 3 years ago
BitMEX Founder Arthur Hayes Proposes New Bitcoin-Backed Stablecoin – Here’s How It Works& & The Daily Hodl
Cryptocoins News / The Cointelegraph - 3 years ago
Three wallets, reportedly associated with FTX and its subsidiary, Alameda Research, have moved 69.64 million USDT and 75.94 million USDC. Amid multiple ongoing investi...
Cryptocoins News / Blockchain - 3 years ago
Binance co-founder and CEO, Changpeng Zhao, announced on March 13 that the exchange will be converting the remaining $1 billion funds in its Industry Recovery Initiative to native crypto amid concerns surrounding stablecoins. This decision was made f...
Cryptocoins News / The Cointelegraph - 3 years ago
Debtors jumped on the opportunity to grab a discount on their loan repayments when USDC and DAI de-pegged from the dollar. The depegging of USD Coin (USDC) and Dai (DA...
Cryptocoins News / The Cointelegraph - 3 years ago
The controversial founder of Terraform Labs, Do Kwon, is at the center of the investigation, despite being believed to be hiding out in Serbia. The United States Justi...
Bitcoin News / Bitcoin.com - 3 years ago
On Monday, the crypto economy experienced significant market activity with $183.85 billion in global trade volume over 24 hours, with a large portion of those trades involving stablecoins. USDC traded near parity with the U.S. dollar, and several sta...
Bitcoin News / Google News Bitcoin - 3 years ago
Binance Swaps BUSD Stablecoin From 'Recovery Fund' to Bitcoin, Ethereum, BNB& & DecryptBinance Will Convert $1B Worth of BUSD Stablecoin to Bitcoin, Ether, BNB and Other Tokens& & CoinDeskBinance to Convert $1B Worth of BUSD to Bitcoin, Ether, BNB an...
Cryptocoins News / Blockchain - 3 years ago
Lending protocol Aave has temporarily halted trading of stablecoins and set the loan-to-value (LTV) ratio to zero due to the recent price volatility on USD Coin (USDC) following its depegging on March 11. Aave's decision was based on an analysis by d...
Cryptocoins News / Blockchain - 3 years ago
The death of the Terra ecosystem triggered a bear market in 2022, causing losses in billions, affecting investor sentiment, and intensifying the regulatory spotlight over cryptocurrencies. Recently, Circle's disclosure that Silicon Valley Bank (SVB)...
Bitcoin News / Bitcoin.com - 3 years ago
The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out de...
Bitcoin News / Google News Bitcoin - 3 years ago
Bitcoin, USDC stablecoin rally after US intervenes on SVB& & ReutersUSDC Volatility Lifts Bitcoin's Coinbase Premium to 3-Year High& & CoinDesk$43 Billion Nightmare: Sudden Circle Depeg ‘Panic’ Could Be About To Crash The Price Of Bitcoin, Ethereum,...