Tether, USD Coin, and Binance USD have posted triple-figure market cap growth this year. Crypto market data aggregator Messari reports that the market cap of leading stablecoin Tether (USDT) has surpassed $10 billion for the first time. Alongside Bitcoin (BTC) and Ethereum (ETH), Tether is now one of three crypto assets with an eleven-figure capitalization. […]
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Clinton-era Treasury Secretary Summers doesn’t buy some of the crypto community’s anarchic sentiments but agrees that they are solving a major problem. In a June 25 interview with Circle’s Jeremy Allaire, former Treasury Secretary Lawrence H. Summers talked about crypto’s ability to patch up the modern financial system, particularly calling out the great difficulty in […]
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The S&P 500 is in danger of a major crash in the event of a daily close below 3,000 points, warns Tone Vays as data shows Bitcoin is 95% correlated. Bitcoin (BTC) being 95% correlated with the S&P 500 may haunt traders this week as one analyst warned a 400-point crash could soon hit. In […]
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Blockchain companies are developing digital identity solutions to ensure regions can safely reopen following COVID-19 lockdowns. After spending months in lockdown, countries across the world have begun lifting stay-at-home orders enforced due to the coronavirus pandemic. Yet as countries look to reopen, and students and employees return to schools and offices, there is a fear […]
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USD Coin, which is a joint venture of Circle and Coinbase, will soon launch on the Algorand blockchain. The Algorand Foundation has announced that the USD Coin (USDC) stablecoin will be launched on the Algorand (ALGO) blockchain. The integration will allow customers using Circle APIs or Circle Business Accounts to convert funds from their bank […]
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Acting through a lawyer, an anonymous person has protected the word ‘bitcoin’ at the national level. The Bitcoin name and logo has been trademarked in Spain with the Spanish Patent and Trademark Office. This process was completed by Ignacio Rubio Menéndez, a compliance expert and lawyer specializing in business law. Cointelegraph en Español spoke directly […]
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Security token exchanges could prove to be an option for companies that are seeking public funding but can’t partake in the current IPO process. In 1996, there were over 8,000 public companies listed on exchanges in the United States. Fast forward to 2020 and there are only approximately 4,400 — a drop of 46% despite […]
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Civic Technologies’s new app will act as both a vaccination proofing tool and a wallet for crypto. Civic Technologies, a San Francisco-based innovator in digital identity solutions, announced on June 16 that its Civic Wallet is now available in the App Store and Google Play. Civic Wallet has also formed a partnership with Circle Medical, […]
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As exchange volumes and the crypto market resumes growing by all measures in May 2020, the USDC stablecoin saw its Bitcoin trading volume plummet by 78%. A June 5 report compiled by CryptoCompare and shared by BitMEX Research shows that a positive trend in cryptocurrency exchange volumes began in 2020, though USD Coin’s (USDC) market […]
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IMF expert says a synthetic CBDC is gaining popularity and will drive more innovation. Tommaso Mancini-Griffoli, a representative from the International Monetary Fund, believes that a synthetic private-public partnership could be the best way forward for a central bank digital currency. Mancini-Griffoli, the IMF’s Monetary capital markets department deputy division chief, joined the Money Movement’s […]
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