Cryptocurrency Analysis and News Portal
Executives at the stablecoin issuer Circle and the bankrupt cryptocurrency lender BlockFi have been questioned by two members of Congress investigating the so-called “mutual backscratching arrangements” alleged to have taken place with the now-failed Silicon Valley Bank (SVB).On April 9, letters from Senator Elizabeth Warren and Representative Alexandria Ocasio-Cortez (AOC)
Read More
They have also been asked to provide information about the alleged “coddling” of any of their executives or board members by SVB, including details about financial relationships between the executives and SVB, any trips executives took that were sponsored by SVB, and whether any executive ever raised a red flag
Read More
According to the token protocol startup Noble, the second-largest stablecoin, USDC, will be integrated into the Cosmos blockchain, as the company has partnered with Circle Financial for the rollout. Noble details that the integration will give access to Circle’s USDC stablecoin to more than 50 Inter-Blockchain Communication (IBC) networks. USDC Native
Read More
USD Coin (USDC) will soon be available in the Cosmos ecosystem via the Noble network (STAKE), according to a blog post from the Noble development team. The post was shared on Twitter by USDC issuer Circle.We're excited to bring USDC to @Cosmos! USDC is expected to launch on @noble_xyz soon,
Read More
The ongoing crisis and uncertainty around the global banking system could push the cryptocurrency market into a more gray area in terms of regulation, Circle’s chief executive believes.Jeremy Allaire, the CEO of the USD Coin (USDC) issuer, took to Twitter on March 23 to share his reflections regarding the market
Read More
According to an official post on March 22 from Circle, issuer of the USD Coin (USDC) stablecoin, the Twitter account for its chief strategy officer and head of global policy, Dante Disparte, has been compromised. In a previously deleted Tweet, Disparte’s account reportedly began promoting fake loyalty rewards to long-time
Read More
Circle CEO Jeremy Allaire to save crypto following the collapse of some major mainstream banks, including Silicon Valley Bank. Circle CEO Jeremy Allaire recently disclosed that the USDC stablecoin issuer wants to save crypto from fallen banks. In an interview, Allaire touched on the adjustments the peer-to-peer payments technology company made following Silicon Valley
Read More
FTX and Alameda Research's former top brass received $3.2 billion in payments and loans from FTX-linked entities, according to the FTX administrators handling the firm's restructuring.FTX, now helmed by CEO John Ray III, has been tracking missing funds from the exchange since its collapse, which it estimates to be $8.9
Read More
Stablecoin issuer Circle has announced it has cleared "substantially all" of the backlog of redemption requests for its stablecoin USD Coin (USDC).In a March 15 operational update, Circle said between the morning of March 13 to the close of business on March 15, it had redeemed $3.8 billion USDC and
Read More
As unveiled by Circle, it has started processing its redemption through a new banking partner after it was able to access the funds worth $3.3 billion locked up in Silicon Valley Bank. Circle, the American startup behind the world’s second-largest stablecoin, USDC has revealed details about its operation to its community.
Read More