Search Results for: USDC funds

Ex-Coinbase Exec Balaji Srinivasan Closes Out $1 Million Bitcoin Bet

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Former Chief Technology Officer at Coinbase, Balaji Srinivasan, closed out early a bet that the price of bitcoin would hit $1 million by mid-June amid hyperinflation of the U.S. dólar. Srinivasan paid a total of $1.5 millón, more than the initially…

Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum

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Los lunes, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Industry Recovery Initiative fund into three different cryptocurrencies. Zhao noted that significant onchain movements would be…

USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement

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The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 en marzo 12, 2023, a 7:20 pm. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would…

"Fiat es frágil"-El colapso de Silicon Valley Bank despierta los dedos y las preocupaciones de contagio

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Banco del Valle del Silicio (SVB) se ha convertido en el centro de atención después de que su colapso provocó el EE. UU.. Corporación Federal de Seguros de Depósito (FDIC) para cerrar el banco el viernes. Era el mayor EE. UU.. falla bancaria desde 2008, and various alleged catalysts…

Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships

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El viernes, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate shares of the…

UNHCR Launches Blockchain Payment Solution to Support Ukrainians Displaced by War

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The United Nations High Commissioner for Refugees (UNHCR) recently said it has launched a blockchain payment solution for digital cash distribution to internally displaced persons (desplazados internos) in Ukraine. According to the agency, the use of the blockchain-based cash distribution system ensures…

Don’t Forget the Importance of Censorship Resistance

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Since people are once again talking about self-custody as one of crypto’s unique strengths, I would like to remind everyone about an equally important fundamental value proposition of crypto that, in the early days, was touted as the killer feature. yo’metro…

US Seizes Cryptocurrency Worth $30 Million From North Korean Hackers

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Blockchain data analytics firm Chainalysis has revealed that U.S. authorities have seized cryptocurrency worth $30 million from North Korean hackers. “This marks the first time ever that cryptocurrency stolen by a North Korean hacking group has been seized, and we’re confident…

La provincia argentina de Mendoza comienza a aceptar pagos de impuestos en criptomonedas

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mendoza, una provincia argentina, ha implementado un sistema que permite a los contribuyentes pagar sus impuestos en su totalidad con criptomonedas. El sistema, que se lanzó esta semana, is part of a strategic push for the modernization and digitalization of payments carried by the…