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Binance to cease support for 3 top stablecoins from Sep 29

Leading crypto exchange Binance has announced to discontinue support for three stablecoins - USDC, …

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1 min read

Binance boss CZ reportedly warns the coming months will be 'bumpy' for the crypto exchange, as it unfreezes USDC withdrawals

"While we expect the next several months to be bumpy, we will get past this challenging period," Bi…

Zahra Tayeb   


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Crypto exchange Binance freezes withdrawals of stablecoin USDC as rattled investors pull $2 billion in funds

Binance is facing questions over its reserves and reports of an imminent probe by US prosecutors, r…

George Glover   


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1 min read

Stablecoin issuer Circle nets $400 million in funding from backers including investment giants Fidelity and BlackRock

Wall Street giants BlackRock and Fidelity are backing Circle, issuer of the USDC stablecoin, in a $…

Phil Rosen   


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Stablecoin USDC rises back toward $1 as $3.3 billion in Silicon Valley Bank to be made available following fears uninsured deposits could be lost

It's been a tumultuous week for the world's second-largest stablecoin after one of crypto's key ban…

Morgan Chittum   


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USD Coin: Calming market anxiety

From crypto to Stablecoins like USDC - what makes it stable and how does it stack up against other …

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1 min read

A crypto hacker just pulled off one of the largest heists in history, swiping $625 million in tokens

"We are working with law enforcement officials, forensic cryptographers, and our investors to make …

Phil Rosen   


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Circle tells congress its coin is '100%' backed by cash and short-term US debt as lawmakers scrutinize stablecoins

Circle CEO Jeremy Allaire and other crypto executives testified at a House Financial Services Commi…

Carla Mozée   


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IMF warns of the danger to the financial system from 'disappearing' crypto coins and the instability of stablecoins

The IMF warned countries about risks that came with the growing crypto space, such as missing coins…

Camomile Shumba   


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Stablecoins should comply with the same rules as traditional payment mechanisms, regulators say

Stablecoins should be held to the same principles that govern traditional markets, a report by glob…

Camomile Shumba   


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MoneyGram wants to use stablecoin USDC to 'build a bridge to crypto' for money transfers — even after the Terra meltdown

Meanwhile, MoneyGram wants to get involved in bitcoin transfers to El Salvador, CEO Alex Holmes tol…

Zahra Tayeb   


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Coinbase owns up to mistake over USDC promise, says the stablecoin will be backed by cash and US Treasurys from September

Coinbase said it didn't update its claim USDC is "backed by a dollar in a bank account" fast enough…

Camomile Shumba   


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1 min read

Cryptocurrency firm Circle to go public via SPAC deal that will value the company at $4.5 billion

The company behind the dollar-pegged stablecoin USDC is going public in a deal that could value the…

Emily Graffeo   


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Trump flip-flopped on crypto, but his PAC has raked in millions of dollars of crypto donations since June

The former president has positioned himself as the pro-crypto candidate this election cycle. But he…

Aditi Bharade,Kwan Wei Kevin …   


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The 10 biggest cryptocurrencies in a market that's now worth almost $3 trillion

Shiba Inu, dogecoin, and Cardano round out the top 10 cryptos by market value, according to data fr…

Matthew Fox   


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Over $70 bn wiped off global crypto market, Bitcoin drops below $20,000

The collapse of three banks in the US, including the giant Silicon Valley Bank (SVB), within a week…

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More job cuts in the crypto world: US' Circle is latest to lay off staff, trim non-core investments

US-based cryptocurrency company Circle which manages stablecoin USDC (USD Coin), has announced that…

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6 mins read

BlockFi vs. Coinbase: Which is better?

Coinbase and BlockFi are notable cryptocurrency exchanges. However, BlockFi isn't accepting new use…

Rickie Houston,Tessa Campbell   


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De-dollarization is underway and Congress must pass stablecoin bill to boost greenback's competitiveness, Circle CEO says

"There are de-dollarization efforts that are underway in many parts of the world," Circle's Jeremy …

Filip De Mott   


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Bitcoin rises and crypto market tops $1 trillion again after US regulators bail out SVB customers

Bitcoin's price jumped in a broad-based rally for cryptocurrencies Monday, after US regulators step…

Zahra Tayeb