May 22, 2:00 pm
| | Circle to Issue Weekly USDC Reserve Reports — Tether Publishes May...
The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Additionally, the company Tether has also released an assurance report on its stablecoin reserves via the Cayman Islands auditing company MHA Cayman.Circle CEO Says Firm's Stablecoin Is a 'Very Efficient Pipe Between Legacy Electronic Dollars and Digital Currency Dollars'
The two largest stablecoin providers, Tether and Circle, want the public to be assured that tether (USDT) and usd coin (USDC) are fully backed by reserves. The latest assurances follow the recent terrausd (UST) de-pegging event, which saw UST drop from its once-stable $1 parity to today's $0.06 per UST.
Following the event, Circle published a blog post on May 13, called 'How to Be Stable,' which explained Circle's USDC reserves are backed entirely in cash and short-dated U.S. Treasuries. After the blog post, a week later the co-founder and CEO of Circle, Jeremy Allaire, explained that the company will now provide weekly USDC attestations concerning the stablecoin's reserves and liquidity.
'As promised a week ago, we are now p...
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April 22, 4:25 pm
| | Biggest Movers: Near, EOS and RUNE Fall During Friday's Selloff
NEAR was one of the big movers in today's trading session, as prices fell by almost 10% on Friday. RUNE and EOS also slipped to end the week, with the latter also dropping by double-digits in the session.
Near Protocol (NEAR)
NEAR was one of the biggest tokens to fall on Friday, as a red wave swept over cryptocurrency markets to end the week.
Fol...
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April 16, 1:48 pm
| | Biggest Movers: WAVES, GMT, and EOS Among Big Gainers on Easter Weekend
Following recent declines in price, WAVES climbed higher to start the weekend, as crypto markets moved marginally higher. Some of the biggest contributors to the gains were EOS and GMT, which both rose by over 6%.
EOS
EOS rose for a second consecutive session to start the weekend, as prices raced to their highest level in over ten days.
After tradi...
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March 28, 4:49 pm
| | Biggest Movers: SOL Moves Past LUNA, as EOS and FIL Lead Monday's Gainer...
Solana reclaimed the eighth position in the crypto top ten, as ADA and DOT were both over 10% higher to start the week. Despite this, it was EOS and FIL which led today's gainer, with FIL gaining over 30% in the session.
Filecoin (FIL)
FIL rallied by as much as 30% to start the week, as cryptocurrencies rose across the board during Monday's session...
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