The global fintech firm Circle has entered into an agreement for a new USD 400m funding round with participation from several major players from traditional finance, while making asset management giant BlackRock, Inc. a “strategic investor” in the company. The funding round, announced by Circle on Tuesday, saw participation from BlackRock, Fidelity Management and…
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The stablecoin economy has grown during the last month as the market capitalization is now only $10 billion away from reaching the $200 billion mark. While the largest stablecoin, by market valuation, tether (USDT) swelled by 3% during the last 30 days to $82 billion, terrausd (UST) has increased by 15.4% to $16.7 billion. Stablecoin…
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Alice Liu, Senior Associate, Cryptocurrency Investments at exchange-traded fund and exchange-traded product sponsor WisdomTree. __________… Read More: When Bitcoin Meets Inflation Read more »Pay, Trade, Buy Bitcoin with Credit Card
Waves founder Sasha Ivanov says Alameda Research is behind the ongoing WAVES price decline. Neutrino Dollar (USDN), a stablecoin issued through Waves-backed Neutrino protocol, lost its U.S. dollar-peg on April 4 amid speculations that it could become “insolvent” in the future. USDN plunges 15% despite WAVES backing USDN dropped to as low as $0.822 on…
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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 with a current market capitalization of $51.6 billion. BNY Mellon to Become USDC’s Primary Custodian Circle has chosen America’s oldest investment bank to custody the…
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Sentiment in the crypto market improved markedly over the past week, with the 7-day sentscores of both of the two largest cryptoassets now back in positive territory, according to the market sentiment analysis service Omenics. With the average 7-day sentscore for the 10 major coins tracked reaching 5.46 this week, sentiment as measured by…
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During the last 12 months the stablecoin economy has grown massive and the current valuation today is only $13 billion away from tapping the $200 billion mark. This month, the two biggest gainers in terms of 30-day issuance include Terra’s UST jumping 29.9% and Neutrino Protocol’s USDN spiking 43.8%.
Stablecoin Market Capitalization Continues to Swell,…
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Sentiment among traders and investors in the crypto market saw a slight drop this week, with volatile and ‘choppy’ markets in recent days and weeks frustrating traders who are looking for clear trends. According to data from the market sentiment analysis service Omenics, the average 7-day sentscore for 10 major cryptos dropped to 4.9…
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United States-based crypto exchange Kraken has announced an “ambitious aid package” aiming to distribute USD 10m in bitcoin (BTC) to its Ukrainian clients. Ukrainian users who created a Kraken account prior to March 9 will be eligible to receive USD 1,000 worth of bitcoin starting March 10 and running till the end of the…
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A recent report states that freelancing is experiencing a boom in Argentina, and also comments on how Argentinians are among workers in the region that most actively use cryptocurrencies to receive part of their paycheck. The report further states that workers accepting their paychecks in crypto favor traditional cryptocurrencies such as ether and bitcoin, which…
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