Circle CEO Hypes Stablecoin Market Growth With Astounding Prediction
Jeremy Allaire, CEO of Circle, has predicted that stablecoins will grow to capture up to 10% of the money supply in the next 10 years. Allaire highlighted that even with…
Binance to Halt Tron USDC Trading Following Circle’s Move Away
Crypto exchange Binance will end support for TRC-20-based USDC tokens on April 5, following an announcement by USDC issuer Circle to discontinue support for the stablecoin on the Tron blockchain.…
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Drones, Fertility, and Defi — A Look at Alameda Research’s Massive $5.4 Billion Portfolio of Investments
Over the last few weeks, there’s been a lot of information revealed surrounding the recent FTX and Alameda Research disaster. On Dec. 6, the Financial Times (FT) published documentation that…
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Stablecoin Economy Continues to Shrink Shedding Close to 5% in 2 Months
During the last month, the market capitalization of all the stablecoins in existence dropped by more than 2%, shedding roughly $2.98 billion since the end of October. Statistics show that…
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Elephant in the Room: FTX Troubles Force Exchange Executives to Talk About Proof-of-Reserves
On Nov. 9, 2022, a day after the news broke regarding Binance planning to purchase the exchange FTX, the crypto economy dropped 11.17% in 24 hours. The crypto economy has…
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Chainalysis: Stablecoins Used to Fight Devaluation and Inflation in Latam
According to Chainalysis, a crypto auditing and blockchain tracking firm, the use of dollar-pegged stablecoins is growing in Latam, specifically in Argentina and Venezuela, due to the common economic problems…
Crypto Exchange Bitso Launches Remittance Service in Colombia
Bitso, a Mexican-based, Latam operating cryptocurrency exchange, announced it is launching a remittance service in Colombia. The company will now allow its customers in Colombia to send and receive remittances…