$1 Billion War Chest Shields Against Shrinking Market Share
According to a Bloomberg report, Circle, a prominent player in the stablecoin market, strategically leverages its substantial cash reserves of over $1
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USDC issuer creates $1 billion cash buffer days after PayPal’s entry
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In response to a shrinking market share and increasing competition, Circle is strengthening its position with a $1 billion cash buffer to counteract challenges posed by dominant non-crypto entities like PayPal. Circle’s USD coin faces market pressure The
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Record-Breaking $10 Billion Open Interest Fuels Bullish Speculation For Bitcoin Reversal
The cryptocurrency market has experienced a period of stagnation, with Bitcoin (BTC) trading within a narrow range for the past week. However, according
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Elizabeth Warren, Bernie Sanders urge closure of ‘$50 billion crypto tax gap’
A number of United States lawmakers have urged the Internal Revenue Service and the Treasury to speed up the closure of tax loopholes being exploited by “crypto tax evaders.”In an Aug. 1 letter, Democratic Senators Elizabeth Warren, Bernie Sanders, Bob Casey and Richard Blumenthal warned the top officials of both
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Binance denies reports of $90 billion in crypto trades in China
Binance has reportedly continued operations in China, despite the country’s ban on cryptocurrencies, even conducting billions of dollars worth of transactions monthly, according to a Wall Street Journal investigation. The WSJ report says its reporters, along with current and former employees of Binance, viewed “internal figures” that revealed users traded $90
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Ripple Report Foresees Blockchain Saving Financial Institutions $10 Billion By 2030
Blockchain technology is continually reshaping the financial industry, offering promising transformations in transaction processing. Its potential is immense, as outlined in a recent report by digital payment network Ripple in collaboration with the United States Faster Payments Council (FPC). The report presents a robust case for blockchain’s role in
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Court Filing Suggests FTX’s $2 Billion Lawsuit Against Genesis Is Coming To An End
The legal tussle between bankrupt crypto exchange FTX and crypto lender Genesis seems to be coming to a resolution, a recent court filing reveals. According to the letter filed yesterday at the US bankruptcy court for the Southern District of New York, both firms – who happened to have filed
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Tether (USDT)’s Market Cap Reaches A New Peak, Edges Towards $84 Billion Mark
Tether USDT has seen its market cap value reach new highs in the month of July. According to a report by on-chain analytics company Into The Block, the world’s largest stablecoin is steadily approaching the key $84 billion mark. Based on data from DeFiLlama, USDT’s market cap is up by over
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Investors anticipate Borroe at $1 billion, BNB under pressure and MATIC firm in 2023
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Achieving a market cap of $1 billion is difficult for any digital currency. However, Binance (BNB) and Polygon (MATIC) are among the few that have surpassed this milestone. In addition to forecasting the future of BNB and
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Binance France audited, holds €1 billion in crypto
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance France has unveiled its first-ever audited financial statements, following its ability to secure registered status in the country. A recap of the report In adherence to local regulatory and legal mandates, Binance France commits to publishing these
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