Altcoins

KuCoin Ventures Invests $10 Million in CNHC Stablecoin Issuer

KuCoin Ventures, the investment arm of cryptocurrency exchange KuCoin, has invested $10 million in CNHC, a Chinese yuan-pegged stablecoin issuer and blockchain-based payment service...

Circle Announces New Banking Partner After Silicon Valley Bank Shutdown

Over the weekend, concerns arose over $3.3 billion worth of USDC reserves being held at Silicon Valley Bank, which was shut down by the...

Circle CEO: USDC Reserves at Silicon Valley Bank Safe and Available

U.S. company Circle announced on March 14 that its $3.3 billion USDC reserve deposit, which had been held at the collapsed Silicon Valley Bank,...

Circle to Cover Shortfall in USDC Stablecoin Amidst SVB’s Collapse

Circle Internet Financial, the issuer of the USDC stablecoin, has pledged to “cover any shortfall” in the assets backing the stablecoin. This comes as...

Binance USD (BUSD) market cap drops below $10B due to regulatory issues

Binance USD (BUSD), a stablecoin issued by Paxos, has experienced a market capitalization drop below $10 billion for the first time in two years....

Polygon Launches Zero-Knowledge Decentralized Identity Solution, Polygon ID

Polygon, a layer-2 scaling protocol for Ethereum, has launched its zero-knowledge decentralized identity solution, Polygon ID, to the public. The service uses zero-knowledge proofs...

Coinbase to Suspend Trading for BUSD Stablecoin

Coinbase, one of the largest cryptocurrency exchanges in the US, announced that it would suspend trading for the Binance USD (BUSD) stablecoin on March...

Paxos in Talks with SEC Over Binance USD Registration

Paxos Trust Company, the firm behind Binance's stablecoin, is in discussions with the U.S. Securities and Exchange Commission (SEC) after the regulator informed the...

Binance’s BUSD Market Cap Drops by $2.5B Amid Regulatory Scrutiny

Binance, one of the world's largest cryptocurrency exchanges, has witnessed a $2.5 billion outflow from its stablecoin (BUSD) as U.S. regulators intensified their scrutiny...

US SEC Charges Terra CEO for Multibillion-Dollar Crypto Fraud

The US Securities and Exchange Commission (SEC) has filed charges against blockchain platform Terraform Labs and its founder, Do Kwon, for defrauding investors in...

Binance and Huobi freeze $1.4M in crypto linked to Harmony Bridge hack

Crypto tracing firm Elliptic reported on Tuesday that it provided intelligence to Binance and Huobi that led to the freezing of $1.4 million in...

BUSD Token Experiences Selling Pressure

Following the NYDFS order for Paxos to stop issuing BUSD tokens, a significant amount of the stablecoin was sold, and most of its liquidity...