Tagged: usdc

Terra Stops/Starts Validators Again, LUNA Goes to Zero with TerraUSD Chasing it

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The collapse of TerraUSD (UST), an attempt to create an algorithmic stablecoin, and the demise of LUNA has captured the attention of the entire crypto-sphere. Going from billions to almost nothing is a spectacular event. Inevitably there is a pile on of “I told you… Read More

Steve Ehrlich, CEO of Voyager Digital, Comments on Collapsing Crypto & Stock Markets. When Will the Pain End?

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The past few weeks have been tough for investors. Both traditional markets and crypto markets have been battered. Expectations for much higher interest rates, aiming to mitigate crushing inflation, means the pain is here to stay – at least for a while. Regarding stock markets,… Read More

Circle CEO Pumps USDC: “Flight to Quality”

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Early bird Circle CEO and founder Jeremy Allaire took to Twitter today to tout USDC, Circle’s dollar-based stablecoin while throwing shade at competitor Tether (USDT) – a competing dollar-based stablecoin. USDC/USDT is the trade of the day. Flight to quality. — Jeremy Allaire (@jerallaire) May… Read More

Digital Assets: Bittrex Introduces USDC Trading Pairs

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Bittrex, a U.S.-headquartered virtual currency exchange, recently announced that it has added support for USD Coin (USDC) to its list of crypto trading pairs.” Traders will now have the ability “to trade against USDC along with other quote currencies currently available on the Bittrex exchange.”… Read More

Stripe is Piloting Crypto Payments on Twitter, First with USDC

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Stripe, the global payments platform, is partnering with Twitter to enable payments with cryptocurrency. In a blog post on Friday, Stripe said they are introducing crypto payouts for Connect. Stripe Connect is a set of programmable APIs and tools that allow a user to build… Read More

Circle Raises $400 Million, Investor BlackRock Forms Strategic Partnership with Stablecoin Issuer

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Circle, the second largest stablecoin issuer in the world (USDC), has raised more money. The $400 million investment was backed by BlackRock,  Fidelity Management and Research, Marshall Wace LLP, and Fin Capital. Circle said in a public statement that the round would close in Q2…. Read More

Digital Assets: ShapeShift Introduces On/Off-Ramp Flexibility for the Latest V2 Platform

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Just when you thought their open-sourced ShapeShift V2 platform was sounding like a “one-stop-shop” solution for your cryptocurrency requirements, the team at ShapeShift claims that they have made further enhancements with the integration of the Gem on- and off-ramp embedded user interface. This will allow… Read More

Circle Reports Security Incident, Information Breach via HubSpot

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Circle, a digital asset platform that powers a leading dollar-based stablecoin, USDC, has reported an information breach via a third-party service provider – Hubspot. According to an email distributed by Circle, HubSpot has “confirmed that an unauthorized bad actor accessed certain client data from several… Read More

Remote Working Fintech Deel Now Allows Firms to Fund Payroll in Stablecoin USDC

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The team at Fintech Deel notes that if your business holds money in stablecoin USDC, then you can pay your monthly Deel invoice for your team’s earnings in USDC “directly from your Coinbase account.” Deel‘s management recently confirmed that they are (reportedly) the first company… Read More

Digital Assets: Anchor Protocol, Arweave, Stellar USDC Stablecoin Now Tradable via Okcoin

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Digital assets platform Okcoin is the first US regulated crypto-asset exchange to provide stablecoin USDC on top of Stellar. You may now deposit, withdraw, and trade Stellar USDC against US dollars via Okcoin. This offer is for all Okcoin clients “except for residents of the… Read More

Flow Network Adds Support for Circle’s Dollar Stablecoin USDC

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Circle has announced support for USDC on the Flow network. Flow is -a Web3 platform originally created by Dapper Labs, that includes an ecosystem of NFT projects including NBA Top Shot, BALLERZ, Matrix World, and others. USDC is the second-largest stablecoin by market cap in… Read More

Fintech Ramp Explains How their Early Adoption of Stablecoins Increased their Corp Treasury Returns

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The team at Ramp has shared a detailed look into how the early adoption of stablecoins helped them with increasing their Corporate Treasury returns. Alex Song, Head of Finance at Ramp, notes that during the past two and a half years, the Fintech company has been… Read More

Crypto Exchanges See $598M Stolen in First Half of December: Elliptic

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More than half a billion dollars worth of cryptoassets were stolen from exchanges in the first half of December, compliance firm Elliptic said in a recent blog post. On Dec. 11 and 12, close to $83 million was stolen from AscendEX, a cryptoasset exchange that… Read More

Predictions Market Futuur Debuts Real-Money Markets With 7 Cryptos

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Futuur, which provides a wide selection of prediction markets available at one URL, has officially launched its real-money markets to forecasters around the world.  Real-money markets have been added alongside Futuur’s already existing play-money markets, with trading available in seven cryptocurrencies: Bitcoin (BTC), Ether (ETH),… Read More

Deel Adds Stablecoin USDC and Solana (SOL) as Withdrawal Options via Coinbase

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Deel has announced the addition of USDC and Solana as withdrawal currencies via Coinbase (COIN: Nasdaq). Deel first teamed up with Coinbase in November 2020 to “enable users to withdraw their paychecks in cryptocurrency,” according to an update shared with Crowdfund Insider. Deel currently supports five… Read More

Blockchain Developers May Now Use Wyre’s API Tools to Build dApps on Algorand

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If you’re a blockchain developer or brand building your application on the Algorand blockchain, then you may be interested in knowing that Wyre’s integration with Algorand is now live. As mentioned in the announcement, this means that application developers on the Algorand blockchain are able… Read More

Circle, Owner of SeedInvest, Invests $10.5 Million in Crowdcube in Move to Expand Securities Crowdfunding

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Circle, a digital asset firm that is a top stablecoin issuer and owner of investment platform SeedInvest, has invested $10.5 million in Crowdcube. The total funding round was $13.5 million. Circle’s investment in Crowdcube was made via USD Coin (USDC) – a dollar-based stablecoin. The percentage… Read More

Latam: Bitso Announces Bitso Shift Payment Service between the US and Mexico Powered by Circle’s USDC

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Bitso, a top crypto platform in Latin America that reports over 3.3 million users, has launched “Bitso Shift,” a service that allows Mexican people and companies to send and receive payments between Mexico and the United States. According to Bitso, Bitso Shift is targeting Mexican… Read More

ShapeShift DAO, a Decentralized, Non-Custodial Crypto Platform, Partners with ICHI to Launch Stable Token

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ShapeShift DAO, a decentralized, non-custodial crypto platform and community, reveals that it has formed a partnership with ICHI in order to launch a new stable token. As mentioned in an update shared with CI: “Through the provision of a Decentralized Monetary Authority (DMA), ICHI empowers… Read More

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