Key takeaways from Circle’s $44.5B USDC reserve report
Circle has released its reserve report for December 2022, highlighting overcollateralized asset holdings currently backing 44.5 billion USDC tokens in circulation.
New stablecoin bill draft introduced in US House of Representatives
Members of Congress are taking another crack at creating a new stablecoin legal framework in the U.S. The new draft bill is part of a multiyear effort to create a comprehensive legal framework around stablecoins like USDC and Tether.
Tether to Buy More Bitcoin for Stablecoin Reserves
The crypto company is adding to the more than $1.5 billion of bitcoin already backing its dollar-pegged token
Hong Kong urged to issue stablecoin to compete with Tether and USDC
A new policy proposal urges the Hong Kong government to issue a stablecoin pegged to the Hong Kong dollar to compete with USDT and USDC.
Fiat-backed stablecoins could be used to post bail in New York under proposed bill
A New York lawmaker has introduced a new bill that proposes to allow certain stablecoins to be accepted as payment for bail.
The Unusual Crew Behind Tether, Crypto’s Pre-Eminent Stablecoin
A group of four men has controlled 86% of Tether Holdings, a company that operates a stablecoin at the heart of crypto’s alternative financial universe.
Bitcoin plunges toward $29,000, Coinbase leads drop in crypto stocks alongside traditional markets
Crypto prices fell across the board on Wednesday in tandem with stocks like Coinbase and MicroStrategy. Bitcoin declined below $30,000.
Tether to Put 15% of Realized Profits Into Bitcoin
In a new investment strategy, Tether, the stablecoin issuer, announced on Wednesday that it will begin regularly purchasing bitcoin (BTC) using a portion of its profits.
NY Fed and financial firms report success with early digital assets payments
Participants in the CBDC experiment included Citi, BNY Mellon, HSBC, PNC Bank, TD Bank, Truist, U.S. Bank, Wells Fargo, Mastercard, the New York Federal Reserve, and the international payments messaging system Swift.
Firms launch El Salvador’s first Bitcoin mining pool tapping geothermal energy
Volcano Energy and Luxor Technology have launched Lava Pool, a Bitcoin mining pool leveraging El Salvador's renewable geothermal energy.
Breaking: Tether Reports $700 Mn Profit In Q4, Eliminates Commercial Paper Exposure
Tether reports a $700 million profit in Q4 2022 and eliminates commercial paper exposure, says CTO Paolo Ardoino.
Breaking: Mystery Around Stablecoin Tether (USDT) Reserves Solved?
In the wake of the US SEC's close watch on the crypto market, it appears there are some clues into how Tether manages its reserve assets.
Tether Holds $3.4 Billion In Gold Reserves, Nears ATH Market Cap 1 Year Post Terra Collapse
Tether (USDT), the world’s largest stablecoin by market capitalization, was one of the dollar-pegged cryptocurrencies to have been affected by the collapse of t
Crypto Market Alert: Tether Market Cap Fuel Hopes For Major Rally
Despite lackluster trade volume and price movements in the cryptocurrency market, Tether’s market cap is rising, nearing its all-time high of $82.9 billion. Tet
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Cathie Wood’s ARK reportedly ‘first in line’ for a spot Bitcoin ETF
ARK Invest filed for a spot Bitcoin ETF in collaboration with 21Shares long before BlackRock did, and its application is reportedly first in line for the SEC’s approval.
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Dogecoin Whales Fill Up Their Bags As Price Rallies – How Much DOGE Did They Buy?
Interestingly, the price surge was on the back of increased activity from whales, as indicated by on-chain data. The increased activity led to an increased"/>
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Solana Surging Ahead Of Ethereum In This Particular Metric
Recent market dynamics have seen Solana struggling to break above the $200 mark. A notable bearish factor among these market fundamentals is the recent"/>
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DOGE Day Afternoon: Open Interest Breaks $2 Billion, Setting New Records
DOGE, the internet's favorite memecoin, is back in the spotlight. Recent data reveals a surge in futures market activity, coupled with bullish technical"/>
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12-Year Bitcoin Slumber Ends: Whales Signal Stormy Seas Ahead
The recent stratospheric rise of Bitcoin, reaching a new all-time high of $73,000, has sent ripples of excitement and trepidation through the crypto world."/>
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Tornado Cash Co-Founder Seeks To Dismiss Charges – Details
Co-founder of Tornado Cash Roman Storm has filed a motion to dismiss the charges levied against him by the US Department of Justice (DOJ)."/>
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Prisma Finance Hacker Continues On-Chain Tirade Following $11 Million Heist
On Thursday, March 28, a hack occurred on Prisma Finance, a decentralized lending protocol on the Ethereum network. The exploiter carted away about 3,257.7"/>
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Bybit’s MVP license in Dubai ‘very restricted,’ CEO says
Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.
