Binance vs. SEC: How Will Circle’s Contribution Impact the Lawsuit?

Amid the unfolding developments between the US Securities and Exchange Commission (SEC) and leading crypto exchange Binance, a pivotal update involving Circle, the issuer behind stablecoin USD Coin (USDC), has emerged just ahead of a hearing scheduled for October 12.

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Circle files appeal to remove stablecoins from SEC’s Binance lawsuit

Circle has filed a note of protest as part of the U.S. Securities and Exchange Commission's (SEC) litigation against Binance, a crypto exchange

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Ethereum: What to expect as whales circle around ETH

Exchange outflow passed inflows, impacting stability in ETH price. Activity on the Ethereum mainnet fell. In an interesting turn of events, Ethereum [ETH] has attracted whales' interest of lThe post Ethereum: What to expect as whales circle around ETH appeared first on AMBCrypto.

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Coinbase Takes Strategic Stake in USDC Issuer Circle

In a move poised to reshape the cryptocurrency landscape, leading exchange Coinbase has acquired a significant stake in Circle, the issuer of popular stablecoin USD Coin (USDC). While details are limited, the investment underscores a deepening alignment between the two crypto pioneers.

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Coinbase invests in stablecoin operator Circle

Coinbase (COIN), a US-based cryptocurrency exchange, has secured a minority stake in a payment company Circle.  This collaboration comes as both entities take the significant step of dissolving their Centre Consortium partnership, which had been instrumental in the issuance of…

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Traders Ditch USDT on Curve, Uniswap, Pushing Key Exchange Pools Into Imbalance

Similar imbalances happened when Terra imploded in May 2022 and after the Silicon Valley Bank crisis hit USDC issuer Circle in March.

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Binance’s Financial Aid To ZachXBT In Defamation Lawsuit Fuels Debate In Crypto Circle

Amid Binance’s ups and downs in the crypto market, the exchange’s recent donation to prominent crypto on-chain sleuth ZachXBT has sparked controversy among the crypto community.  Last Friday, ZachXBT was sued by Jeffrey Huang, also known under his pseudonym, MachiBigBrother over a defamation case.

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Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried

A new report from the failed crypto exchange FTX’s current leadership says that former FTX US President Brett Harrison resigned last September partly because of a “protracted disagreement” with CEO Sam Bankman-Fried and members of his inner circle.

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Coinbase offered Circle $3b credit line to repeg USDC

Crypto exchange Coinbase reportedly offered a $3 billion credit line to Circle, the crypto company that issues the USD Coin (USDC) stablecoin, in an effort to bring the stablecoin back to its $1 peg.

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Alameda Research Funneled $3.2 Billion To Former FTX CEO’s Personal Circle

As the FTX bankruptcy case continues, the administrators continue to discover critical issues that could have led to the crash. Recall that the founder and CEO Sam Bankman-Fried mismanaged the customers’ funds leading to the exchange crash last year.

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Tether [USDT] exchange supply dwindles as whales...

Addresses with large USDT holdings are moving their assets off exchanges. Tether’s market cap dominated Circle, but earlier high sentiment has reduced. Over the weekend, stablecoins becameThe post Tether [USDT] exchange supply dwindles as whales... appeared first on AMBCrypto.

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SEC Shouldn’t Regulate Crypto Stablecoins, Says Circle CEO

Circle chief Jeremy Allaire has reacted to the recent spree of enforcement actions by the US Securities and Exchange Commission (SEX) and other agencies in the crypto industry. In an interview with Bloomberg, the Circle boss shared his views regarding SEC’s recent moves on BUSD stablecoin issuer Paxos.

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Circle CEO says stablecoin regulation should not be assigned to U.S. SEC

Circle CEO Jeremy Allaire told Bloomberg on February 23 that the United States Securities and Exchange Commission should not be tasked with regulating stablecoins. The post Circle CEO says stablecoin regulation should not be assigned to U.S. SEC appeared first on CryptoSlate.

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Former FTX Executive Nishad Singh Planning to Plead Guilty to Fraud: Bloomberg

Singh, the former engineering director for the collapsed crypto exchange, was a member of Bankman-Fried’s inner circle.

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How This Company “Snitched” On Binance To Get An Advantage In Stablecoin Race

Per a report from Bloomberg, crypto exchange Binance’s recent issues with U. S. regulators were triggered by Circle. The company behind stablecoin USD Coin (USDC) allegedly issued a complaint to the New York State Department of Financial Services in 2022.

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SEC Derailed Circle's Plans to Go Public via SPAC Deal: Report

Circle, the company behind stablecoin USDC, has said its $9bn plans to go public didn't go through because the Securities & Exchange Commission (SEC) did not sign off on it.

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Ex-FTX.US Head Raises $5M for Startup Months After Exchange's Collapse

Investors included the venture arms of Coinbase and Circle, a former FTX portfolio company.

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Circle, Uniswap Research Says DeFi Can Solve $2T FX Risk Problem

Every day, about $2.2 trillion in foreign-exchange (FX) transactions carry a risk that the yet-to-be settled side of an agreement won’t meet obligations. But a new paper from Circle Internet Financial and decentralized exchange Uniswap Labs finds that a distributed ledger could solve that problem with simultaneous settlement.

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Circle, Uniswap Research Says DeFi Can Solve $2 Trillion FX Risk Problem

Every day, about $2.2 trillion in foreign-exchange (FX) transactions carry a risk that the yet-to-be settled side of an agreement won’t meet obligations. But a new paper from Circle Internet Financial and decentralized exchange Uniswap Labs finds that a distributed ledger could solve that problem with simultaneous settlement.

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‘Ninth circle of hell’ is reserved for SBF for his betrayal: Scaramucci

The SkyBridge founder opened up about his trust in FTX founder Sam Bankman-Fried which was ultimately broken after the exchange collapsed.

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Coinbase asks users to switch USDT for the ‘reputable’ USDC

Crypto exchange Coinbase wants its users to switch their USDT for USDC. The company calls USDC the trusted and reputable stablecoin. Coinbase is a co-founder of Circle, the company that issues the USDC stablecoin.

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Circle CFO says USDC is operating ‘as expected’

Circle’s Chief Financial Officer Jeremy Fox-Geen has released an update on the operations of the company’s stablecoin USD Coin (USDC). Fox-Geen’s statement is a response to the market turmoil following the collapse of crypto exchange FTX.

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Crypto.com pauses withdrawals of USDC and USDT on the Solana network

Crypto. com has notified its users that all deposits and withdrawals for Tether’s USDT and Circle’s USDC have been suspended on the Solana network. Leading crypto exchange Crypto. com notified its customers via email a few hours ago that it had paused deposits and withdrawals for USDT and USDC stablecoins on the Solana network.

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Coinbase, Tether, and Circle deny exposure to Alameda and FTX

Several crypto firms have come out to distance themselves with exposure to FTX crypto exchange and its sister firm Alameda amid the financial crisis facing the two firms. This comes after calls from the crypto community for transparency to let users know if there is any risk.

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Circle Begins Putting Reserves Into New BlackRock Fund

Circle Internet Financial has begun moving the reserves for its USDC stablecoin into a dedicated fund set up by BlackRock Inc. and registered with the U.S. Securities and Exchange Commission, the company disclosed Thursday.

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This country is buying more USDC than the rest of the world

Coinbase, the largest crypto exchange in the United States, has published a report which takes a deep dive into the adoption of USD Coin (USDC), the stablecoin issued by Circle.  Americans buy 3 timThe post This country is buying more USDC than the rest of the world appeared first on AMBCrypto.

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Blockchain Development Platform Tatum Raises $41.5M From Octopus, Circle, Others

Blockchain development platform Tatum has raised $41.5 million in funding from Octopus Ventures, Circle, Leadblock Fund and founders of crypto exchange Bitpanda, among others.

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WazirX Announces Delisting of USDC, USDP, and TUSD in a Clear Boost to BUSD

India-focused crypto exchange WazirX will unlist three leading stablecoins — Circle’s USDC, Paxos’ USDP, and TrueUSD’s TUSD — effective September 26. In a statement, the company said that users could withdraw their funds by October 5, after which these stablecoins will automatically be converted into BUSD.

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Circle co-founder says converged dollar books on Binance would be good for USDC

The world's largest crypto exchange announced Monday it would cease trading support for USDC and auto-covert deposits to its own stablecoin after Sept 29.

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Bybit expands spot USDC trading pairs as support for stablecoins grows

The crypto derivatives exchange has partnered with Circle to expand its suite of USDC offerings; traders will also have access to auto conversions between the stablecoin and U.S. dollars.

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Coinbase Backed Centre Deploys Identity Solution, How It Will Affect Future Of DeFi

Founded by leading crypto exchange Coinbase and Circle, the Centre Consortium recently announced a set of decentralized data models and identity protocols for credential issuance under the name “Verite”.

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Why Crypto Exchange Bitso Partnered With Circle To Enable Cross-border Transactions To The U.S.

Leading crypto exchange Bitso has integrated a payment solution developed by Circle, one of the companies behind the stablecoin USD Coin (USDC). The integration will enable cross-border payments from Mexico to the U.

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SEC Issues Subpoena to Circle Finance Amid Operational Investigations

Cryptocurrency operator Circle receives a summons from the U. S Security and Exchange (SEC) concerning investigations. According to filings from the company, it agreed to cooperate with the regulators regarding the investigations fully.

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SEC Sends an “Investigative Subpoena” to USDC Issuer Circle

The US Securities and Exchange Commission (SEC) sent an “investigative subpoena” to the issuer of USDC stablecoin Circle in July of this year, according to a filing. Circle made this disclosure as part of a filing about its plans to go public through a merger with the special purpose acquisition company (SPAC), Concord Acquisition Corp.

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The US SEC is investigating crypto firm Circle over USDC product

The United States Securities and Exchange Commission is investigating crypto payments company Circle. The post The US SEC is investigating crypto firm Circle over USDC product appeared first on CryptoSlate.

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Stable coin issuer Circle reports it’s cooperating with SEC

Circle’s statement follows an ‘investigative subpoena’ from the US Securities and Exchange Commission USDC… The post Stable coin issuer Circle reports it’s cooperating with SEC appeared first on Coin Journal.

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USDC issuer Circle 'cooperating fully' with SEC investigation

The United States Securities and Exchange Commission [SEC] has been keenly watching not just stablecoins, but also high-interest crypto-products. In fact, back in September, the SEC also served a WellThe post USDC issuer Circle 'cooperating fully' with SEC investigation appeared first on AMBCrypto.

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USDC Stablecoin Could Launch on 10 More Blockchains Including Polkadot, Tezos, Tron

Leading U. S. -dollar stablecoin USDC could soon expand to 10 more blockchains. USDC Going Multi-Chain USDC, the USD-pegged stablecoin issued jointly by crypto exchange Coinbase and payments firm Circle via the consortium CENTRE is mulling expansion to 8-10 more blockchains, Coindesk reports.

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Circle founder on new Crypto.com partnership: ‘this partnership with fuel crypto adoption’

World-renowned crypto exchange Crypto. com launched a new partnership with peer-to-peer payments technology company Circle to enable deposits and withdrawals in US dollars. The service will be available in more than 30 countries worldwide according to a Crypto.

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Judge Declines IRS Request for Customer Information from Kraken Exchange

IRS requests for “John Doe Summons” from Kraken cryptocurrency exchange, but the judge declines the summons stating the request is “too broad.” Circle had received a similar request too. The post Judge Declines IRS Request for Customer Information from Kraken Exchange first appeared on BitcoinExchangeGuide.

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US Court Authorizes IRS to Summon Cryptocurrency User Records From Circle and Poloniex

The Internal Revenue Service (IRS) has obtained authorization from a federal court to seek information on cryptocurrency users from Circle and Poloniex exchange platforms. The tax authority wants records identifying crypto users who conducted $20,000 or more in crypto transactions during the years 2016 to 2020 as well as other documents relating to their crypto […]

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IRS gets access to crypto exchange Circle’s user data, targets Kraken next

Shortly after getting a court authorization to obtain records of cryptocurrency exchange Circle’s customers, the US Internal Revenue Service (IRS) is now seeking to get access to similar data from trading platform Kraken.

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Стейблкоин USDC теперь доступен на блокчейне Stellar

Компания Circle и некоммерческая организация Stellar Development Foundation (SDF) объявили о начале работы созданного консорциумом Centre стейблкоина USDC в сети Stellar. We and @circlepay are excited to announce that Stellar USDC is now live and immediately available on Stellar's decentralized exchange, accessible to any Stellar account through integrated wallets, and tradable across Stellar's ecosystem! https://t.co/jeARyW3Hhv […]

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Стейблкоин USDC выпустили на блокчейне Stellar

Компания Circle и некоммерческая организация Stellar Development Foundation (SDF) объявили о начале работы созданного консорциумом Centre стейблкоина USDC в сети Stellar. We and @circlepay are excited to announce that Stellar USDC is now live and immediately available on Stellar's decentralized exchange, accessible to any Stellar account through integrated wallets, and tradable across Stellar's ecosystem! https://t.

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Second-Largest Stablecoin USDC Transitions to the Stellar Blockchain

Circle, the principal financial technology firm behind USDC development, is often cited as a regulatory-friendly organization. In a Tuesday blog post, the SDF explained that users could access the USDC on Stellar’s decentralized exchange and five Stellar-integrated wallets.

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USDC is live on the Stellar network

 Circle and the Stellar Development Foundation (SDF) announced today that USDC is live on the Stellar network. At launch, Stellar USDC is immediately available on Stellar’s decentralized exchange,...

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FTX Exchange Introduces ACH Support With Circle’s USDC

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Venezuelan Health Workers Receive USDC as Aid from US

Despite frustrations caused by the disputed 2019 Presidential election in Venezeula, healthcare workers are getting financial aid, thanks to Crypto. Airtm, a Latin American crypto exchange, is working with Circle and the US government to dispatch much needed aid to first line workers in Venezuela.

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Coinbase & Circle’s USDC Stablecoin Now Available on Algorand Blockchain; Up to 1000 TPS

Center Consortium, a blockchain group led by payments firm Circle, and the largest crypto exchange in North America Coinbase, announced the addition of Algorand (ALGO) as the latest blockchain to host its USDC stablecoin.

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