USDC Depegs - Binance and Coinbase Halts USDC Trading
Due to the closure of Silicon Valley Bank, Circle, the provider of the #USDC stablecoin, is under a lot of pressure (#SVB).
#Circle's confirmation that $3.3 billion was trapped in Silicon Valley Bank caused a sell-off, which caused USDC's value to fall below its $1 peg.
The second-largest #stablecoin, USD Coin (USDC), had an 11% decline in its dollar-pegged value during the past day.
The #cryptocurrency exchanges #Coinbase and #Binance have halted USDC due to the current extreme volatility.
Due to the closure of Silicon Valley Bank, Circle, the provider of the #USDC stablecoin, is under a lot of pressure (#SVB).
#Circle's confirmation that $3.3 billion was trapped in Silicon Valley Bank caused a sell-off, which caused USDC's value to fall below its $1 peg.
The second-largest #stablecoin, USD Coin (USDC), had an 11% decline in its dollar-pegged value during the past day.
The #cryptocurrency exchanges #Coinbase and #Binance have halted USDC due to the current extreme volatility.
Coinbase's Game-Changing Move: Revolutionizing Stablecoins with Circle Partnership!
#Coinbase acquired part of Circle Internet Financial, gaining influence over USD Coin (#USDC), a significant #stablecoin. USDC's role expands under #Circle's control, impacting stablecoin sector.
https://coinpedia.org/news/coinbase-and-circle-partner-to-strengthen-usdc-as-centre-consortium-ends/
#Coinbase acquired part of Circle Internet Financial, gaining influence over USD Coin (#USDC), a significant #stablecoin. USDC's role expands under #Circle's control, impacting stablecoin sector.
https://coinpedia.org/news/coinbase-and-circle-partner-to-strengthen-usdc-as-centre-consortium-ends/
CoinPedia
Coinbase and Circle Partner to Strengthen USDC as Centre Consortium Ends
Coinbase (COIN) has acquired a minority stake in Circle Internet Financial, coinciding with the restructuring of the Centre Consortium partnership,
On October 12, Judge Amy Jackson accepted #circle 's amicus curiae brief in SEC v. #Binance case, while denying CZ and Binance's dismissal requests.👀👇
https://coinpedia.org/news/sec-vs-binance-circle-internet-approved-as-amicus-curiae/
https://coinpedia.org/news/sec-vs-binance-circle-internet-approved-as-amicus-curiae/
Coinpedia Fintech News
SEC vs. Binance: Circle Internet Approved as Amicus Curiae
Today, October 12, is the date of a pivotal hearing in the ongoing SEC v. Binance litigation. As the case moves into a critical stage, Judge Amy Jackson
Why is #Circle's amicus curiae entry in the SEC v. #Binance case significant, and how does it add complexity to the case?
🔥Click Below to Read More👀👇
https://coinpedia.org/news/circles-involvement-in-sec-vs-binance-case-adds-complexity-heres-what-you-need-to-know/
🔥Click Below to Read More👀👇
https://coinpedia.org/news/circles-involvement-in-sec-vs-binance-case-adds-complexity-heres-what-you-need-to-know/
CoinPedia
Circle’s Involvement in SEC vs. Binance Case Adds Complexity: Here’s What You Need to Know
Binance is on the deep foot with the SEC in the regulatory mess. The recent exposure of Binance’s role in leaking sensitive data and CZ’s controversial
#BlackRock warns of #stablecoin risks, like #Tether and #Circle, impacting Bitcoin. Raises concerns about stability, volatility, and #ETF approval #cryptonews 🔥👇
https://coinpedia.org/news/blackrocks-filing-reveals-challenges-in-bitcoin-etf-due-to-stablecoin-volatility/
https://coinpedia.org/news/blackrocks-filing-reveals-challenges-in-bitcoin-etf-due-to-stablecoin-volatility/
CoinPedia
BlackRock’s Filing Reveals Challenges in Bitcoin ETF Due to Stablecoin Volatility
BlackRock Inc., a prominent asset management firm, the company has brought attention to the potential threats that stablecoins pose to the Bitcoin market.
#Circle Mint in Singapore offers no minting fees for businesses, enabling easy creation and management of #digital currencies with security. #cryptonews🔥👇
https://coinpedia.org/news/circle-expands-circle-mint-to-singapore-with-mas-compliance/
https://coinpedia.org/news/circle-expands-circle-mint-to-singapore-with-mas-compliance/
CoinPedia
Circle Mint Expands to Singapore: Digital Currencies Made Easy!
Could this be the paradigm shift the Singaporean market needed? Circle Mint has introduced a hassle-free approach to digital currencies in Singapore,
#Circle and #SBI Holdings partner to introduce USD Coin (USDC), marking Japan's proactive step in #stablecoins.
Circle's web3 services merge with SBI's banking network, showcasing Japan's commitment to stablecoins' potential. #cryptonews
https://coinpedia.org/news/stablecoins-gain-ground-in-japan-circle-and-sbi-holdings-spearhead-usdc-introduction/
Circle's web3 services merge with SBI's banking network, showcasing Japan's commitment to stablecoins' potential. #cryptonews
https://coinpedia.org/news/stablecoins-gain-ground-in-japan-circle-and-sbi-holdings-spearhead-usdc-introduction/
CoinPedia
Stablecoins Gain Ground in Japan: Circle and SBI Holdings Spearhead USDC Introduction
In a landmark move for the cryptocurrency market, Circle Internet Financial Ltd. and SBI Holdings Inc. have announced a partnership to introduce the USD
#Circle vehemently rejects accusations of ties with Justin Sun, TRON Foundation, or Huobi Global.
Circle reaffirms its commitment to ethical banking, severing ties with Sun's entities and denying terror #financing links. #cyptonews
https://coinpedia.org/news/circle-firmly-declines-unlawful-financial-deals-cuts-off-ties-with-justin-sun-and-tron/
Circle reaffirms its commitment to ethical banking, severing ties with Sun's entities and denying terror #financing links. #cyptonews
https://coinpedia.org/news/circle-firmly-declines-unlawful-financial-deals-cuts-off-ties-with-justin-sun-and-tron/
CoinPedia
Circle Rejects Accusations of Terror Financing; Cuts Off Ties With Justin Sun
Circle, a significant player in the cryptocurrency space, has vehemently rejected accusations of engaging in illicit financing. In a resolute move to
#Circle CEO Jeremy Allaire anticipates progress in U.S. #stablecoin regulations, citing global momentum in digital currency rules.
Allaire and Circle's CSO express optimism about 2024 as a pivotal year for U.S. stablecoin regulations. #CryptoNews
https://coinpedia.org/news/circle-ceo-expects-u-s-stablecoin-regulations-in-2024/
Allaire and Circle's CSO express optimism about 2024 as a pivotal year for U.S. stablecoin regulations. #CryptoNews
https://coinpedia.org/news/circle-ceo-expects-u-s-stablecoin-regulations-in-2024/
CoinPedia
Stablecoin Boom Expected in 2024 Post Clearer Regulations, Predicts Circle CEO
The year 2024 might witness significant progress in U.S. regulations for stablecoins, according to Circle CEO Jeremy Allaire. Speaking at the World
#Circle discontinues #USDC minting on #Tron due to regulatory concerns, facilitating transition to other platforms.
Tron's ties to regulatory issues prompt Circle's withdrawal, emphasizing USDC's safety and regulatory adherence. #cryptonews
https://coinpedia.org/news/circle-ends-support-for-usdc-on-tron-blockchain-a-strategic-shift-for-stability/
Tron's ties to regulatory issues prompt Circle's withdrawal, emphasizing USDC's safety and regulatory adherence. #cryptonews
https://coinpedia.org/news/circle-ends-support-for-usdc-on-tron-blockchain-a-strategic-shift-for-stability/
CoinPedia
Circle Slashes USDC Ties with Tron Blockchain Amid Regulatory Heat
In a noteworthy development, Circle, a Boston-based crypto firm, has made a crucial decision regarding its widely-used stablecoin, USDC, on the Tron
Top #CryptoNews In Last 12 Hours
1️⃣ #Circle discontinues minting #USDC on Tron network to maintain trust, urges users to transfer holdings elsewhere.
2️⃣ Japanese #GameFi community seeks Liberal Democratic Party's help to address liquidity issues caused by strict #crypto #regulations.
3️⃣ #MicroStrategy's Michael Saylor plans to perpetually buy Bitcoin, deeming it superior to gold, real estate, predicting capital shift & has no plans to sell #Bitcoin holdings.
4️⃣ #Binance imposes USDT price cap in Nigeria to comply with local regulations, prompting traders to seek alternatives.
5️⃣ Japan's Financial Services Agency clarifies stance on #P2P crypto transfers, urging banks to prevent sender-receiver name discrepancies to curb fraud, emphasizing investor protection.
1️⃣ #Circle discontinues minting #USDC on Tron network to maintain trust, urges users to transfer holdings elsewhere.
2️⃣ Japanese #GameFi community seeks Liberal Democratic Party's help to address liquidity issues caused by strict #crypto #regulations.
3️⃣ #MicroStrategy's Michael Saylor plans to perpetually buy Bitcoin, deeming it superior to gold, real estate, predicting capital shift & has no plans to sell #Bitcoin holdings.
4️⃣ #Binance imposes USDT price cap in Nigeria to comply with local regulations, prompting traders to seek alternatives.
5️⃣ Japan's Financial Services Agency clarifies stance on #P2P crypto transfers, urging banks to prevent sender-receiver name discrepancies to curb fraud, emphasizing investor protection.
Top #CryptoNews This Week
1️⃣ #Bitcoin prices fell 8% to $53,918 on Friday, marking their lowest since late Feb.
2️⃣#MtGox Trustee repaid Bitcoin and Bitcoin Cash to creditors via crypto exchanges on July 5
3️⃣ #Fed's Powell noted more progress needed before cutting rates, despite tackling inflation issues
4️⃣ U.S. Marshals Service partnered with #Coinbase Prime for custody and trading of digital assets
5️⃣ Bloomberg analyst predicted #EthereumETF might start trading around July 15 after resubmissions
6️⃣ German lawmaker criticized the government for selling $195 million in #Bitcoin, causing market volatility
7️⃣ #Circle began issuing USDC and EURC in the EU under new MiCA regulations from July 1
8️⃣ #Grayscale remained optimistic about crypto valuations recovering, predicting an Ethereum ETP in Q3
9️⃣ Sony acquired Amber Japan, renamed it S.BLOX & planned enhancements for crypto trading services
🔟 #Vitalik proposed faster transaction confirmation methods for #Ether using Single-Slot Finality
1️⃣ #Bitcoin prices fell 8% to $53,918 on Friday, marking their lowest since late Feb.
2️⃣#MtGox Trustee repaid Bitcoin and Bitcoin Cash to creditors via crypto exchanges on July 5
3️⃣ #Fed's Powell noted more progress needed before cutting rates, despite tackling inflation issues
4️⃣ U.S. Marshals Service partnered with #Coinbase Prime for custody and trading of digital assets
5️⃣ Bloomberg analyst predicted #EthereumETF might start trading around July 15 after resubmissions
6️⃣ German lawmaker criticized the government for selling $195 million in #Bitcoin, causing market volatility
7️⃣ #Circle began issuing USDC and EURC in the EU under new MiCA regulations from July 1
8️⃣ #Grayscale remained optimistic about crypto valuations recovering, predicting an Ethereum ETP in Q3
9️⃣ Sony acquired Amber Japan, renamed it S.BLOX & planned enhancements for crypto trading services
🔟 #Vitalik proposed faster transaction confirmation methods for #Ether using Single-Slot Finality