Crypto company Circle Internet Financial is counting on its $1 billion cash cushion to weather fresh competition from non-crypto companies such as PayPal Holdings. Stablecoins are a main focus for Circle, and PayPal introduced a U.S. dollar-pegged stablecoin on Monday (Aug. 7). The amount of cash Circle has on...
After losing $10 billion in three months, Circle’s dollar-pegged stablecoin USD coin (USDC) is inching back following the coin’s rise that benefitted from Terra’s collapse in May and the subsequent fallout of the overall market. Circle’s surge from $48 billion to $56 billion that was...
Say one thing for algorithmic stablecoins like the one that collapsed in a $48 billion bank-run-style blaze of glory in May: They’re tenacious. Or rather, their believers and investors are tenacious. Way too tenacious for the good of the fiat-pegged cryptocurrencies’ own future. Despite the...
Cryptocurrency values remained unchanged with the cooling of a rally in bitcoin and ether, Bloomberg wrote Monday (Aug. 15). Bitcoin was down less than 1% to around $24,250 at around noon in New York, after hitting $25,000 over the weekend for the first time since...
January 22, 2024
Terraform Labs, whose collapse triggered a wider cryptocurrency market earthquake, has filed for bankruptcy. The Singapore-based digital asset company filed for Chapter 11 in Delaware Sunday (Jan. 21), listing assets and liabilities between $100 million and $500 million. Terraforms’s TerraUSD had been the third-largest stablecoin by market cap before collapsing in May of 2022, a downfall which […]
August 10, 2023
Crypto company Circle Internet Financial is counting on its $1 billion cash cushion to weather fresh competition from non-crypto companies such as PayPal Holdings. Stablecoins are a main focus for Circle, and...
October 10, 2022
After losing $10 billion in three months, Circle’s dollar-pegged stablecoin USD coin (USDC) is inching back following the coin’s rise that benefitted from Terra’s collapse in May and the subsequent...
August 15, 2022
Cryptocurrency values remained unchanged with the cooling of a rally in bitcoin and ether, Bloomberg wrote Monday (Aug. 15). Bitcoin was down less than 1% to around $24,250 at around...
