Altcoins
USDC issuer Circle trims workforce
Stablecoin issuer Circle has reduced its workforce and investment in non-core activities.
Danny Park
Lens
Stablecoin
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Bitcoin News
Bitcoin slips but remains above US$30,000, amid crypto custodian Prime Trust’s cease order
Bitcoin remained above US$30,000, even as Nevada state regulators in the U.S. ordered crypto custodian Prime Trust to cease operations.
Zoltan Vardai
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Altcoins
USDC stablecoin issuer Circle obtains Singapore license for digital payments, others
Circle Singapore said Wednesday it has received a Major Payment Institution license from the Monetary Authority of Singapore.
Danny Park
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Regulation
MUFG enables bank-backed stablecoin issuance amid new Japanese regulations
MUFG, Japan's leading bank, is pioneering the crypto industry by supporting stablecoin issuance on the Progmat Coin platform, offering an alternative route for entry and exit in the volatile cryptocurrency market.
Forkast.News
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Bitcoin News
Bitcoin rises above US$27,000, Litecoin leads gains among top 10 cryptos
Bitcoin gained 1.08% on Friday afternoon and Ether strengthened 1.78%.
Pradipta Mukherjee
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Bitcoin News
Tether stablecoin issuer taps Uruguay for Bitcoin mining using renewable energy
Tether, the issuer of the world’s most traded stablecoin, will invest in power generation and Bitcoin mining in Uruguay to tap the country’s renewable energy resources, the company said on Tuesday.
Timmy Shen
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Crypto Trading and Strategies
Are deposit tokens the new stablecoins — or a wolf in sheep’s clothing?
Stablecoins are a key part of the crypto ecosystem, but banks like JPMorgan are now exploring deposit tokens as an alternative. Which is better, and why?
Bernhard Blaha
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Regulation
Circle: US regulation can help create the ‘most stable stablecoin’
Circle Vice President of Global Policy Corey Then says he is optimistic that U.S. regulatory developments can eventually benefit local players despite ongoing scrutiny.
Will Fee
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Regulation
Bank of Korea and financial regulator in turf war over who supervises crypto industry
Bank of Korea, the central bank, seems uncomfortable with the Financial Services Commission, the country’s regulator, having the mandate over the cryptocurrency industry. The bank is pushing for more say, arguing crypto can influence the stability of the overall financial market and that involves the central bank.
Danny Park
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Bitcoin News
Tether more than doubles net profit in Q1, says holds most assets in U.S. Treasury bills
The issuer of the world’s most traded stablecoin raked in US$1.48 billion in net profit for the first quarter of this year, more than double the previous quarter, according to the company’s reserves report on Wednesday.
Timmy Shen
