Stablecoins are solution to crypto’s banking problem, exec says
Stablecoins are seen as a potential solution to crypto’s banking problem, but some of them are currently not immune to banking issues. Go to Source Powered by WPeMatico
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Circle prefers reserves and payment rails with the Fed, says exec
Circle’s APAC Vice President said that the company currently holds 80% of its reserves but would ultimately like to keep all cash with the Fed, in light of the recent banking crisis. Go to Source Powered by WPeMatico
Noble Partners With Circle Financial to Integrate USDC on Cosmos Blockchain
According to the token protocol startup Noble, the second-largest stablecoin, USDC, will be integrated into the Cosmos blockchain, as the company has partnered with Circle Financial for the rollout. Noble details that the integration will give access to Circle’s USDC stablecoin to more than 50 Inter-Blockchain Communication (IBC) networks. USDC Native Support Is Coming to … Read more
Do Kwon’s Extradition Likely to Take Time, Montenegrin Prosecutor Says
A prosecutor investigating Terraform Labs CEO Do Kwon for alleged passport forgery in Montenegro has indicated that he will not be extradited soon. The law enforcement official told South Korean media that Montenegrin authorities intend to indict Kwon within a month, ruling out the possibility of him being handed over to other countries within the … Read more
Circle announces USDC launch for Cosmos via Noble network
The stablecoin will be launched on the Noble network, making it available to all 50-plus Cosmos IBC blockchains. Go to Source Powered by WPeMatico
Binance Experiences Significant BTC, ETH, and Stablecoin Withdrawals Following CFTC Lawsuit
After the U.S. Commodity Futures Trading Commission sued Binance for alleged violations of trading and derivatives rules, a significant amount of cryptocurrency was withdrawn from the exchange. Data from analytics provider Nansen shows $400 million in Ethereum-based funds were withdrawn in 24 hours, and 3,655 bitcoin worth more than $99 million were withdrawn over the … Read more
MakerDAO passes new ‘constitution’ to formalize governance process
The document creates multiple offices tasked with fulfilling various jobs for the protocol, each with their own powers and responsibilities. Go to Source Powered by WPeMatico
Euler Finance exploiter returns another $37.1M worth of ETH and DAI
The exploiter originally drained $195 million worth of ETH and tokens from the protocol but has now returned around $138 million. Go to Source Powered by WPeMatico
Terraform Labs co-founder on S.Korea crosshair following Do Kwon arrest
Authorities have previously alleged that Shin earned roughly $105 million in profits from illegal sales of LUNA tokens before Terra’s collapse. Go to Source Powered by WPeMatico
In-Chat Tether Transfers Introduced in Telegram
Users of the Telegram messenger will now be able to send each other the leading stablecoin, tether (usdt), directly in the chats. The new option expands the list of cryptocurrencies available for purchase, sale, and trade in the messaging app. Tether Added to Wallet Bot in Telegram Messenger Support for transactions with the U.S. dollar-pegged … Read more