BlackRock joins stablecoin issuer Circle’s $400M funding round
Already being the primary asset manager of USDC cash reserves, BlackRock will now also be exploring capital market applications for the USDC stablecoin.
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Neutrino Dollar breaks peg, falls to $0.82 amid WAVES price ‘manipulation’ accusations
Waves founder Sasha Ivanov says Alameda Research is behind the ongoing WAVES price decline.
Circle Chooses BNY Mellon to Custody USDC Reserves
Boston-based Circle Internet Financial has announced the company has selected BNY Mellon to custody the firm’s usd coin (USDC) reserves. The company’s dollar-pegged crypto asset is currently the second-largest stablecoin…
Altcoin Roundup: DeFi token prices are down, but utility is on the rise
DeFi token prices leave a lot to be desired, but the sector’s real benefit is the lending and liquid staking options, not the price of useless governance tokens.
FTX CEO weighs in on Bitcoin market outlook amid Ukraine crisis
Bitcoin’s correlation with the U.S. equity market could be one reason for its current decline, but Eastern European money destabilization could push BTC as “crisis” hedge.
Stablecoin Economy Grows Close to 10% Larger in 54 Days — GUSD, BUSD, USDC Issuance Jumps
At the end of December 2021, the stablecoin economy’s market valuation was around $168.3 billion and since then, it has increased 9.92% to $185 billion in value. A number of…
Hong Kong begins discussions to introduce stablecoin regulatory framework
The Hong Kong Monetary Authority shared a list of eight questions to seek policy-related recommendations citing five possible regulatory outcomes — no action, opt-in regime, risk-based regime, catch-all regime and…
Tether’s Market Cap Nears $80B, USDT Represents 46% of the Stablecoin Economy
This week the stablecoin giant tether reached a market capitalization of roughly $78.2 billion according to data. Over the last 30 days, tether’s market valuation grew by 5.6% and the…
Kevin O’Leary says his crypto holdings could reach 20% of portfolio
Clearer regulations around stablecoins could make crypto a more viable investment option, according to the Shark Tank star.
House memo details Congress’ priorities ahead of crypto CEO hearing
The hearing on digital assets will involve discussions around four key aspects: crypto exchanges, stablecoin offerings, regulatory concerns in digital assets and federal regulatory responses.