Market Wrap: Bitcoin Stalls Near $50K Ahead of Options Expiration Date

Bitcoin slipped below $50K and will likely consolidate this week, analysts say.

Markets  ·  23 August 2021

USDC to Be Backed 100% by Cash, US Treasurys

The USDC developer revealed last month that only 61% of tokens were backed by "cash and cash equivalents."

News  ·  23 August 2021

Coinbase Says USDC Reserves to Be Held in Cash, Short-Term Treasurys From September

President and COO Emilie Choi in a Twitter post on Monday clarified earlier language on the crypto exchange's website.

News  ·  23 August 2021

USDC Builder Circle Says It Wants to Become a National Crypto Bank

The plans would take Circle well beyond the OCC banking charter already conditionally issued to several firms.

Business  ·  9 August 2021

No More Lengthy Wallet Addresses – Send USDC to ‘username.coin’

Being able to use a simple username akin to a Twitter or Instagram handle may make sending crypto payments more like sending an email or a text.

News  ·  4 August 2021

Market Wrap: Bitcoin in Pullback Mode as Regulatory Concerns Rise

Bitcoin is declining as regulatory concerns rise; ether is holding support.

Markets  ·  3 August 2021

USDT Usage on Ethereum Shifts Away From Asia Daytime Hours

The changing trading patterns in USDT might be the result of China's recent crackdown on cryptocurrency mining and trading.

Markets  ·  3 August 2021

Crypto Long & Short: What’s Going On With Tether?

Since the end of May, tether's growth has gone completely flat.

Markets  ·  1 August 2021

Crypto Volatility Index 2.0 Rolled Out With USDC Support

Users can now open USDC positions and stake CVI USDC through the index.

Markets  ·  29 July 2021
Funding Rounds

Crypto Fintech Eco Raises $60M for High-Yield USDC Savings App

The a16z-backed Eco, which loans out users’ deposits in USDC, says it’s keeping an eye on the BlockFi case.

Business  ·  27 July 2021

SEC Chair Hints Some Stablecoins Are Securities

Stock tokens and stablecoins backed by securities might be treated as securities under U.S. law, SEC Chair Gary Gensler said.

News  ·  21 July 2021

Market Wrap: What’s Next for Bitcoin After Break Below $30K

Bitcoin broke below $30K. Some analysts see value opportunities while others expect further downside.

Markets  ·  20 July 2021

Circle Reveals Assets Backing USDC Stablecoin

Crypto's No. 2 stablecoin is backed mostly – 61% – by cash and cash equivalents. Here's what comprises the rest.

Business  ·  20 July 2021

If Stablecoins Cause Instability, Regulators Have Themselves to Blame

Pseudonymity is a key reason for the emergence of the $110 billion stablecoin market. If regulators are worried about financial stability, they should have some KYC controls.

Opinion  ·  19 July 2021

Tether Hasn’t Printed New USDT in Weeks: 3 Possible Explanations

Here are three reasons why the stablecoin's tremendous growth has screeched to a halt.

Markets  ·  16 July 2021