Circle selloff may be overdone as crypto bill weakens Coinbase edge, say analysts
The latest draft of the CLARITY Act hit both stocks, but one analyst says the bill could ultimately shift bargaining power toward Circle and away…
Tag: USDC
Binance Proof-of-Reserves Auditor Mazars Pauses All Work for Crypto Clients
Mazars has deleted Binance’s proof-of-reserves assessment, which found its bitcoin reserves were overcollateralized. Mazars, the auditing firm working with Binance and other crypto exchanges on…
Global Finance Watchdog Says $133B Stablecoin Sector Remains Niche
The Financial Stability Board, a G20 entity that provides recommendations for the global financial system, found stablecoins are not being used at any significant scale…
Nigerians Turn to Stablecoins for Protection Against Inflation
Traditional savings groups in Nigeria are looking at dollar-pegged stablecoins as a tool to protect their savings from local inflation. Okeke Leticia Chigozie, a 28-year-old…
BlockFi Adds Litecoin, USDC to Its Lending Product Suite
Crypto lending startup BlockFi now supports litecoin and dollar-backed stablecoin USD Coin (USDC) on its platform, enabling users to earn interest on, trade and receive…
Bermuda Now Accepts USDC Crypto for Taxes and Government Services
Residents of Bermuda can now pay their taxes in cryptocurrency. The Government of Bermuda announced Wednesday it will accept payments in USD Coin (USDC) “for…
Coinbase Raises $300 Million in New Funding, Aims to Support ‘Thousands’ of Cryptocurrencies in the Future
On Tuesday (30 October 2018), Asiff Hirji, President & COO of Coinbase announced via a blog post that the crypto exchange had raised $300 million in its latest funding…