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Center has announced via a blog post on August 22, 2021, that the financial instruments in its USD Coin (USDC) stablecoin reserves have been shrunk down to only the fiat dollar and United States Treasury Bills. Circle Center Shrinks Reserve Holdings Barely three months after Circle announced the expansion of its USDC
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Utopia, a decentralized, peer-to-peer ecosystem, the development of which was begun covertly in 2013 and released officially in November of 2019, providing access to secure and surveillance resistant communication and finance, this month launches Utopia USD stablecoin; UUSD. The UUSD stablecoin is built upon Utopia’s serverless, peer-to-peer blockсhain, that currently powers
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USD Coin (USDC), Circle’s dollar-pegged stablecoin, seemingly lost one of its biggest competitive advantages over its rival, Tether (USDT). Major crypto exchange Coinbase made an important change on the USD Coin page on its website following an audit which revealed that not all of USDC’s reserves were held in cash. This
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Justin Sun confirmed the appointment on his WeChat and Weibo accounts stating he is looking at trailing the path of Liang Jianzhang, the tech entrepreneur who founded the travel platform Trip.com.Justin Sun, the founder of the Tron Foundation, and the $SUN token has taken up an appointment to serve as
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In brief:An independent report from Moore Cayman confirms that USDT is backed by actual fiatThe report cites Tether’s Consolidated Reserves Report of February 28th as being accurateTether’s consolidated assets exceed its consolidated liabilitiesThe team at Tether maintains that USDT has always been fully backedUSDT’s market cap recently exceeded $40 BillionA
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Imagine a huge company creating a public blockchain project, for a real-world use case, which is guaranteed to get a strong userbase from day-one with a lot of room for others to adopt and join the crowd. Now, if this project is created in a place where crypto adoption is
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LL Cool J is now investing in crypto startups.The rapper and entrepreneur is part of a glitzy roster of limited partners backing North Island Ventures’ newly revealed $72 million VC fund.Helmed by Glenn Hutchins, co-founder of $39 billion private equity firm Silver Lake Partners, backers include big names like hedge
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The U.S. Securities and Exchange Commission (SEC) on Monday charged three associates of defunct crypto firm Bitcoiin2Gen with defrauding investors of $11.4 million through the 2018 B2G token offering infamously peddled by actor Steven Seagal.Bitcoiin2Gen and Start Options founder Kristijan Krstic and company promoter John DeMarr allegedly violated federal securities
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