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press release PRESS RELEASE. As if the cryptoverse needed more reasons for people to be fearful, both FTX and BlockFi rocked cryptocurrency blockchains and investors alike, sending prices spiraling, blockchains congesting, and investors hunkering down for more ‘crypto-winter’. But amidst this uncertainty, crypto investors now risk missing out on opportunities while
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Binance and OKX did not explain the reasons behind the move, which created confusion in the crypto industry. Source
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The addition will help crypto businesses by making it easier to take payments, the company said. Original Source
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Tether accounts for 80% of the total liquidity in Curve's 3pool. Source
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Euro Coin was introduced in June on the Ethereum blockchain and is backed by a mixture of cash and European government debt. Adoption of the coin has been slow since, with a market cap of just $80 million. USDC, in contrast, has a market cap of $42 billion. The largest
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According to the crypto firm Circle Internet Financial, the company is “deepening” its partnership with the world’s largest asset manager Blackrock. Circle disclosed that it has started to transfer USDC reserves into a Blackrock-managed fund that’s registered with the U.S. Securities and Exchange Commission (SEC). Circle Deepens Relationship With the World’s
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The analyst, whose focus is on crypto assets and blockchain research, told CryptoX TV that considering the slow pace of development for a U.S. CBDC it is “debatable” whether “private markets” will ever choose to use one. But a stablecoin like USDC, which is pegged 1:1 with the U.S. dollar,
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The extended bearish trend caused panic and massive sell-offs in the crypto space. But it seems that the industry still records progressive
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Institutional prime broker platform for crypto assets Coinbase Prime announced on Oct 24th that it had entered into a partnership with MakerDAO — the largest single holder of USDC — to become a custodian of $1.6 billion worth of the stablecoin.The MakerDAO community voted to approve this custodianship which will
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Coinbase’s institutional-grade service will allow MakerDAO to earn up to 1.5% of the rewards of the funds.On Monday, October 24, crypto exchange Coinbase announced that the MakerDAO governance has finally voted in favor of the proposal to custody $1.6 billion worth of MarkerDAO’s USD Coin (USDC) treasury.In return, Coinbase’s institutional-grade
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