Jeremy Allaire: ‘USDC is halfway to flipping PayPal’
USDC has seen huge growth and is gaining fast on Tether, the king of the stablecoins. Go to Source Powered by WPeMatico
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US Court Authorizes IRS to Summon Cryptocurrency User Records From Circle and Poloniex
The Internal Revenue Service (IRS) has obtained authorization from a federal court to seek information on cryptocurrency users from Circle and Poloniex exchange platforms. The tax authority wants records identifying crypto users who conducted $20,000 or more in crypto transactions during the years 2016 to 2020 as well as other documents relating to their crypto … Read more
IRS authorized to access information on Circle’s crypto traders to nab tax cheats
The Internal Revenue Services will seek information from Circle on all U.S. taxpayers who traded at least $20,000 worth of crypto between 2016 and 2020. Go to Source Powered by WPeMatico
Looming Legal Issues and Transparency Questions Fail to Dent Tether’s Momentum
Tether has never been more popular. A quick look at Coinmarketcap data underscores this point, with 24-hour trading volume in USDT (US dollar-denominated Tether) exceeding both Bitcoin and Ethereum combined. Users of the Legacy Stablecoin Show No Sign of Relenting A slow-rolling lawsuit brought by the New York attorney-general against Tether parent-company iFinex for fraud … Read more
Stellar becomes new home of USDC as integration goes live
The Stellar blockchain can be used to pay with USDC, the second-largest stablecoin. Go to Source Powered by WPeMatico
USDC on exchanges doubled in January while Tether’s dominance fell to new lows
USD Coin continues to capture stablecoin market share, with Tether’s stable token dominance falling below 75% for the first time ever. Go to Source Powered by WPeMatico
Circle enables seamless USDC-USD transfers, providing a bridge from banks to DeFi
The result of developments in both crypto technology and regulation, Circle’s new USDC API provides a bridge between crypto and traditional finance. Go to Source Powered by WPeMatico
The crypto and blockchain projects with the biggest buzz in 2020
As the crypto community grows, several companies stood out to lead the pack in 2020. Go to Source Powered by WPeMatico
Circle CEO joins appeal against US Treasury self-hosted crypto wallet ban
The crypto industry and regulators need time to collaborate on better regulations. Go to Source Powered by WPeMatico
Hundreds of millions of consumers will use digital currencies soon: Circle CEO
Executives from Facebook’s ‘Diem’ Association, Circle, Soramitsu, and Coinbase discussed how and when digital currencies will go mainstream, at the Singapore Fintech Festival. Go to Source Powered by WPeMatico