2019-1-17 15:15 |
Crypto finance startup Circle’s USDC stablecoin was fully backed with fiat reserves at the close of 2018, according to auditing firm Grant Thornton. origin »
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The attestation report prepared by Grant Thornton has verified Circle’s claims that 177.1 million USDC in circulation were backed by more than $180 million in custody accounts.
2018-12-21 15:16 | |
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In exchange news, we look at a major accounting firm’s attestation that all USDC tokens issued by Circle are fully backed by fiat dollars. We also focus on a Huobi Group subsidiary that has set up a Chinese Communist Party branch, as well as Bakkt, which has listed the reasons behind its move into bitcoin.
2018-11-22 21:05 | |
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The attestation report made by Grant Thornton US has verified Circle’s claims that more than 127.4 million USDC coins in circulation were backed by the same amount of fiat money in custody accounts.
2018-11-22 20:07 | |
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MV Index Solutions (MVIS), a subsidiary of investment management firm VanEck, has announced the launch of MVIS Bitcoin U. S. OTC Spot Index (MVBTCO), a bitcoin-based index and the first one that monitors the performance of bitcoin across established over-the-counter (OTC) platforms in the U.
2018-11-22 17:35 | |
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CoinSpeaker Circle Has Enough USD Reserves to Fully Back Its USDC Stablecoin, Auditors Say According to the first attestation report on Circle’s stablecoin, the firm’s USDC supply is fully backed by its dollar holdings.
2018-11-22 14:14 | |
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A stablecoin is one of the many classifications of crypto assets, since it is a verified 1:1 ratio with the local currency. Much of the purpose of this type of coin tends to be cashing out, but there is a surprising amount of alleged stablecoins that do not have this type of backing. Luckily, Circle […]
2018-11-22 13:09 | |
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Circle Internet Financial had $127.5 million at the end of last month, enough to back the total number of USDC stablecoins in circulation.
2018-11-21 19:02 | |
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Binance — one of the most popular digital currency exchanges across the globe — has announced that it will be adding the fiat-collateralized stablecoin USD Coin (USDC) to its trading platform on November 17, 2018.
2018-11-15 21:11 | |
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As Bitcoin approaches its 10th anniversary, its community, old and new, has begun taking stock of how a decade has come to alter or define the cryptocurrency — and what Bitcoin has done to alter or define the decade.
2018-11-7 19:56 | |
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The stablecoin backed by many companies such as Circle Internet Financial Ltd, Coinbase, Goldman Sachs and more gives the impression to be the most preferred digital asset amongst numerous stablecoins that are pegged with USD.
2018-10-30 19:45 | |
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Galaxy Capital–backed BlockFiis taking its loan services to the global stage. According to a statement shared with Bitcoin Magazine, the platform is expanding its services to an international audience.
2018-10-31 17:17 | |
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With the volatility of the crypto market, stablecoins, cryptocurrencies backed by assets such as fiat currencies or precious metals, have been gaining in popularity in recent months. For investors that want to include some stablecoin in their digital portfolios, there is a new kid on the block.
2018-10-24 19:59 | |
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The dollar is going crypto. Coinbase has joined forces with Goldman Sachs backed Circle to launch a new ethereum based token that is pegged to the dollar. The system is... The post Coinbase Joins the Tokenized Dollars Bonanza, is this Good for Ethereum? appeared first on Trustnodes.
2018-10-24 15:04 | |
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Circle and Coinbase, two of the largest and most popular cryptocurrency companies, are partnering to improve the stablecoin concept, but there’s a catch. The CENTRE Consortium for a Better Stablecoin On Tuesday, both companies announced the CENTRE Consortium, a joint venture that aims to speed up adoption of cryptocurrencies backed by actual fiat currencies like US dollars.
2018-10-24 12:00 | |
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Speaking to Reuters in an interview in London, England on Oct. 22, Jeremy Allaire, the chief executive of the Goldman-Sachs backed cryptocurrency startup, Circle, says that the G20 must coordinate on the regulation of cryptocurrencies.
2018-10-23 14:59 | |
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Huobi Global has announced its decision to list four USD-pegged stablecoins by the end of the week. In a support notice published on its platform, the company noted that users will be able to make deposits for Paxos Standard Token (PAX), True USD (TUSD), Circle’s (USDC), and Gemini exchange’s (GUSD) on its exchange starting from Friday, October 19, 2018 (GMT +8).
2018-10-17 21:15 | |
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Chart for LTC/USD (1W) Gemini just announced Litecoin (LTC) support. A new exchange backed by TD Ameritrade has already made clear its intention to list Litecoin (LTC). Coinbase already has it and so does Circle.
2018-10-13 18:00 | |
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Circle Continues Expansion Amid Crypto Bear Market When it comes to innovative startups within the cryptosphere, there aren’t many other firms who are as forward-thinking as Circle, a fintech and crypto-focused startup that was backed by Goldman Sachs in its infancy.
2018-10-6 05:21 | |
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Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.
2018-10-3 19:05 | |
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Stablecoins have garnered serious investor attention over the past few weeks. Unlike bitcoin and similar cryptocurrencies, they are digital assets built to lessen price volatility and are often paired against the U.
2018-9-29 01:06 | |
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Circle, a cryptocurrency unicorn currently valued at $3 billion, recently launched its stable coin backed by the US dollar. According to an article published by the South China Morning Post (SCMP) on Sept.
2018-9-28 21:29 | |
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On September 26th, Circle announced the release its new stablecoin USD Coin (USDC), which will begin trading on Circle’s Poloniex exchange immediately. The new USDC stablecoin will be fully collateralized by USD at a 1:1 ratio.
2018-9-27 09:00 | |
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Regulated stablecoins continue their disruptive journey into mass adoption as Circle announces application of tokenized fiat assets. The U. S. dollar-backed stablecoin USD//Coin (USDC) is the product of Circle’s partnership with CENTRE, the open source distribution network which will facilitate deposits from U.
2018-9-27 01:32 | |
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Boston-based cryptocurrency finance firm Circle has just joined the multitudes of other crypto exchange platforms now issuing and trading their own stablecoins. As of September 26, 2018, dollar-pegged USDC is now trading on Poloniex, the crypto-to-crypto exchange Circle acquired in February 2018, and on Circle Trade, the company’s over-the-counter (OTC) platform.
2018-9-27 20:50 | |
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Boston-based Circle Internet Financial Ltd. , creator of the popular retail crypto trading app Circle Invest, has announced that it’s following the lead of other exchanges by launching its own U. S.
2018-9-27 18:00 | |
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Investment platform Circle have announce their latest cryptocurrency offering, with the new listings of EOS, Stellar, 0x and Qtum, bringing the total amount of cryptocurrencies available on Circle up to 11.
2018-9-25 13:30 | |
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Cryptocurrency exchange Poloniex is delisting eight coins: BitcoinDark (BTCD), Bitmark (BTM), Einsteinium, (EMC2), Gridcoin (GRC), NeosCoin (NEOS), PotCoin (POT), VeriCoin (VRC) and BitcoinPlus (XBC).
2018-9-20 01:10 | |
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An innovative algorithm is promising to turn the stablecoin space on its head. Kowala, a blockchain protocol whose tokens are algorithmically tied to the value of fiat currencies, announced the alpha launch of its mainnet today.
2018-9-4 18:30 | |
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This is the first official mobile app from Poloniex and is available on Android and iOS. Poloniex Trading on Your Mobile Phone Poloniex is owned by Circle, a finance company backed by Goldman Sachs.
2018-7-15 22:05 | |
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Poloniex, the US-based cryptocurrency exchange platform, has launched a trading app for mobile users. This is the first official mobile app from Poloniex and is available on Android and iOS. Poloniex Trading on Your Mobile Phone Poloniex is owned by Circle, a finance company backed by Goldman Sachs.
2018-7-15 18:00 | |
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Earlier this week, the Bank of International Settlements (BIS) in Switzerland issued a new document as part of its annual economic report that warns citizens of the dangers of digital currencies.
2018-6-20 22:29 | |
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As demand for dollar-pegged liquidity continues to rise, Tether's [USDT] footprint is beginning to compete with Ethereum [ETH] for the market's #2 spot. Things are heating up! Tether closes in on The post How USDT’s $185B growth could challenge Ethereum’s position appeared first on AMBCrypto.
Once dominated by a handful of heavyweights, there's now buzz around more newer entrants in stablecoins. The market is set to be a lot more more competitive and dynamic than it has been in years! HerThe post Stablecoins hit a turning point as Fidelity launches FIDD – Details appeared first on AMBCrypto.
Treasury Secretary Scott Bessent told Congress he has no authority to bail out Bitcoin. The exchange came during a Senate Banking Committee hearing, when Senator Brad Sherman asked whether the Treasury could intervene to support cryptocurrency prices.
The White House's end-of-February deadline for banks and crypto firms to resolve the “stablecoin yield” debate exposes a structural fault line that was never going to stay buried. This isn't a speed bump on the road to crypto-friendly regulation.
Spain's BBVA has joined the Qivalis consortium alongside eleven major European banks to develop a euro-based stablecoin. The project seeks regulatory approval and commercial launch in late 2025.
KBank has filed 13 trademark applications, including names like KSC Wallet, KSTA Wallet, Kstable Wallet, and Kbank SC Wallet. The post KBank Files for Stablecoin Wallet Trademark as IPO Plans Accelerate appeared first on Coinspeaker.
China seeks to make the renminbi a true reserve currency, but the numbers reveal a story in which Beijing's capital controls create conditions for Bitcoin and dollar stablecoins to thrive as workarounds rather than competitors.