Stablecoins
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Cryptocurrency
Key takeaways from Circle’s $44.5B USDC reserve report
USD Coin (USDC) issuer Circle has released an accountant-verified report of its treasury reserve holdings backing more than $44.5 billion…
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Cryptocurrency
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Cryptocurrency
Bitcoin hits new post-FTX high as analysis warns move ‘choreographed’
Bitcoin (BTC) hit new two-month highs overnight into Jan. 19 as suspicions over the market’s validity gained momentum. Concern over…
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Cryptocurrency
Algorithmic stabilization is the key to effective crypto-finance
After the collapse of Terraform Labs’ cryptocurrency, Terra (LUNA), and its stablecoin, Terra (UST), the notion of “algorithmic stabilization” has fallen…
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Cryptocurrency
Total crypto market cap falls to $840B, but derivatives data shows traders are neutral
The total cryptocurrency market capitalization has dropped 1.5% in the past seven days to rest at $840 billion. The slightly…
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Cryptocurrency
Crypto.com CEO addresses whereabouts of $1B in stablecoins sent to FTX
During a live ask-me-anything (AMA) session with users on Nov. 14, Crypto.com CEO Kris Marszalek explained that the firm sent…
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Cryptocurrency
Major stablecoins destabilized as market volatility and redemptions surge
Plunging cryptocurrency prices are not the only consequence of this week’s FTX-induced crypto contagion. Significant market volatility this week induced…
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Cryptocurrency
Inflation-pegged ‘flatcoin’ launches testnet to track the cost of living
Blockchain tech firm Laguna Labs has launched a testnet for its in-development “flatcoin” — a spin-off of stablecoin tokens —…
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Cryptocurrency
There were vast discrepancies in crypto markets during Q3: Report
According to a new report published by cryptocurrency data aggregator CoinGecko, several interesting anomalies surfaced in cryptocurrency markets during the…
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Cryptocurrency
IRS introduces broader ‘Digital Assets’ category ahead of 2022 tax year
American taxpayers will find a broader, more defined category encompassing cryptocurrencies and nonfungible tokens (NFTs) in their 2022 IRS tax…
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