Fri, March 29

USDC Operations Are Redeemed Post Circle Backlog Clearance

A recent update from the Circle team regarding USDC operations guarantees the removal of backlogs. Additionally, a request for redemption of USDC has also been made, at the EOD of the U.S. banking sector on March 15th. Update: As of close of U.S. banking operations Wednesday, March 15, we have

March 16, 2023 1 min read

Will the Ongoing USDC Depeg Worsen Crypto Winter Further?

The second largest stablecoin USD Coin (USDC) depegged from its $1 parity owing to the shutdown of the US banking giant Silicon Valley Bank on Friday. The failure of this largest bank is registered as the worst banking crash since the 2008 financial crisis. The custom of crypto firms depositing

March 11, 2023 2 mins read

Stablecoin Providers Adapt to Changing AML Landscape in Crypto

As the world of cryptocurrency and stablecoins continues to evolve and gain mainstream adoption, the importance of implementing effective anti-money laundering (AML) practices becomes increasingly crucial. By adhering to AML regulations and guidelines, the crypto industry can establish greater credibility and trust among investors and regulators, ultimately leading to a

March 11, 2023 5 mins read

Total Crypto Market Capitalization and a Brief History

The market capitalization of cryptocurrency is on the verge of falling below $1 trillion. The peak of the global market cap was witnessed on April 2022, with a $2.67 trillion measure. Further, post the downfall of the algorithmic stablecoin TerraUSD and its sister coin LUNA on May 2022, the market

March 6, 2023 2 mins read

Coinbase Will Delist Paxos-Issued Stablecoin Binance USD (BUSD)

Crypto exchange Coinbase will disable the trading of Paxos-issued stablecoin Binance USD (BUSD) from March 13 around 12 PM ET. The exchange officially announced the delisting of Paxos-issued stablecoin on Monday on Twitter.  We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on

February 28, 2023 2 mins read

New York Regulator to Scrutinize Stable Coin Issuer Paxos

New York regulators are reportedly investigating Paxos, the firm that issues the BUSD and USDP stablecoins. The Pax dollar (USDP) and Binance USD (BUSD), a stablecoin with the Binance name that is made available through a white-label service, are examples of Paxos’ stablecoins. Recent allegations about the federal bank regulator,

February 10, 2023 1 min read

Kevin O’Leary Considers 10,000 Crypto Tokens As Worthless

Kevin O’Leary, the Shark Tank famous television celebrity has made a sensational comment about the existing cryptocurrencies. On the wolf of all streets podcast show with Scott Melker, Kevin mentioned many of the cryptocurrencies would reach zero in no time.  The session titled “Every Unregulated Token Will Go To Zero”

February 9, 2023 2 mins read

Credit Card Giant Visa Testing USDC Payments on Ethereum

The credit card giant Visa aims to integrate Ethereum blockchain-powered solutions into its services. According to the firm, they have been experimenting with “how to accept payments from issuers in USDC on Ethereum and payout in USDC”. Additionally, there are large settlement payments. The President of the cryptocurrency division at

February 7, 2023 1 min read

Fathom Collaborating With XDC to Launch Over-collateralized of Stablecoin

On the XDC chain, Fathom, the largest lending/borrowing platform has been built. Significantly, Fathom will provide a platform for consumers to borrow, and earn XDC and tokenized Real-World Assets (RWA) as collateral to borrow the over-collateralized price-stable currency FXD. The fundamental premise is the sustainable liquidity protocol, which is to

February 4, 2023 2 mins read

Credit Rating Firm Moody’s Developing Stablecoins Scoring System

Bloomberg claimed on January 26 citing anonymous sources that Moody’s was working on a scoring system for stablecoins. That would include assessments for up to 20 digital assets. Moody’s is a credit rating agency that publishes evaluations of credit risk. In the form of ratings for publicly listed firms. The

January 27, 2023 2 mins read