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Circle CEO Blames Regulators, Banking Crisis For USD Coin Slump: 'Moment For Congress To Step Up'
Wednesday, April 26, 2023 - 5:07am | 366The decline in the market value of stablecoin USD Coin (CRYPTO: USDC) can be attributed to a growing trend of investors looking to "de-risk out of the U.S." amid concerns about the country’s banking sector and regulatory challenges, according to Circle CEO. What Happened: Jeremy Allaire, the...
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Shiba Inu, Ether And VGX Tokens: What's Happening With Voyager's Crypto Assets?
Wednesday, March 29, 2023 - 12:58pm | 499Voyager Digital is beginning to cash out U.S. dollars received from the sale of Shiba Inu (CRYPTO: SHIB), Ether (CRYPTO: ETH), and the Voyager Token (CRYPTO: VGX). The assets were sent to the bankrupt cryptocurrency lender, according to on-chain data. Last month, $610 million worth of USD...
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Crypto Companies Reveal Exposure To Silicon Valley Bank Following Historic Collapse
Saturday, March 11, 2023 - 1:42pm | 1036Crypto companies and investors are among those impacted by the latest collapse of Silicon Valley Bank (NASDAQ: SIVB), which has sent tech start-ups that once relied on the bank into turmoil. Following news of the bank's demise on Friday, Crypto firm Circle, which has $3.3 billion...
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Coinbase CEO Defends Staking Product Amid SEC Crackdown
Wednesday, March 1, 2023 - 3:28pm | 462Brian Armstrong, the co-founder, and CEO of Coinbase Global Inc (NASDAQ: COIN), the largest cryptocurrency exchange in the U.S., has spoken out about the regulatory crackdown on the crypto industry, reiterating that the exchange's staking product should not be classified as a security...
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Circle CEO Jeremy Allaire Thinks Stablecoins Oversight Shouldn't Be Under SEC But A 'Banking Regulator'
Friday, February 24, 2023 - 12:21am | 326The Securities and Exchange Commission is not the regulator for stablecoins, according to Jeremy Allaire, CEO and founder of Circle Internet Financial Ltd. What Happened: In an interview with Bloomberg on Thursday, Allaire aired his views on the SEC and its recent moves to regulate the...
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USDC Unaffected By Recent Regulatory Action Against Stablecoins, Says Bernstein
Friday, February 17, 2023 - 12:29pm | 376A research report by Bernstein suggested the recent regulatory action taken against the Binance USD (CRYPTO: BUSD) stablecoin and its issuer Paxos is specific to BUSD and cannot be applied to other stablecoins like USD Coin (CRYPTO: USDC). What Happened: Some in the industry were concerned...
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Circle's Complaints About Binance's Reserve Mismanagement Lead To New York Regulator's Action
Monday, February 13, 2023 - 7:06pm | 511Stablecoin issuer Circle Internet Financial Ltd. (CRYPTO: USDC) complained to the New York State Department of Financial Services (NYDFS) last year about its rival, Binance, and its mismanagement of reserves for its own tokens (CRYPTO: BUSD), according to a Bloomberg report. What Happened: In the...
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Davos 2023: Former Obama Appointee Discusses How Circle Defragments The Global Economy
Friday, January 27, 2023 - 1:45pm | 2005Leaders in finance and government recently convened at the annual World Economic Forum (WEF) in Davos, Switzerland, to discuss tough issues (i.e., post-pandemic fragmentation and multipolarity). Benzinga attended the event and interviewed Corey Then, Vice President of Global Policy at Circle. Then...
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Peter Thiel-Backed Crypto Exchange Bullish Exits SPAC Deal Over New SEC Practices
Thursday, December 22, 2022 - 10:45pm | 284Peter Thiel-backed cryptocurrency exchange Bullish has decided to put its plans of going public on hold. What Happened: Bullish said on Thursday that it had come to a mutual agreement with Far Peak Acquisition to no longer pursue a merger that would have seen it listed on the New York Stock...
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Circle And SPAC Abandon Plan To Issue IPO, CEO Calls It 'Disappointing': What's Next
Monday, December 5, 2022 - 1:18pm | 379The board of both Circle Internet Financial and Concord Acquisition Corp. (NYSE: CND) have agreed that the stablecoin provider Circle would no longer be publicly listed. The joint decision was announced by both companies on Monday. Circle had been considering a merger with Concord Acquisition, a...
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Tether Says Crypto Exchanges Disabling USDC, USDT Transactions Over 'Heavy Connections With FTX, Alameda, Solana'
Thursday, November 17, 2022 - 11:03pm | 409Multiple exchanges disabled deposits and withdrawals for Solana-based Tether (CRYPTO: USDT) and USD Coin (CRYPTO: USDC) on Thursday. What Happened: Tether, in a blog post, said, “the move to suspend USDT deposits on these exchanges is likely just due to...
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You Can Now Buy Bitcoin, Other Cryptos Using Apple Pay On Circle
Wednesday, November 16, 2022 - 2:40am | 358In an effort to bridge the gap between cryptocurrency and traditional payments, Circle, the company behind USD Coin (CRYPTO: USDC) has added support for Apple (NASDAQ: AAPL) Pay. What Happened: On Tuesday, Circle said that it would enable customers to purchase cryptocurrency such as Bitcoin (...
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FTX (FTT) Crisis Is Crypto's 'Lehman Brothers' Moment: Circle CEO Jeremy Allaire
Wednesday, November 9, 2022 - 12:21am | 505Jeremy Allaire, co-founder and CEO of Circle, said USD Coin (CRYPTO: USDC) stablecoin is unaffected by the crypto exchange FTX’s native token (CRYPTO: FTT) crisis. What Happened: Allaire took to Twitter to share his thoughts on the Binance-FTX ...
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Interview: Circle Creates Dangerous Precedent By Blacklisting Tornado Cash Users, Says Stefan Rust
Friday, August 12, 2022 - 8:50am | 1529The U.S. Treasury Department recently blacklisted the use of Tornado Cash, an open source project that allows users to hide their transactions. They claim Tornado has been used by North Korean hackers to launder over $7 billion in stolen cryptocurrency since 2019. In turn, Circle, issuers of the...
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Circle CEO Jeremy Allaire Addresses Paranoia Regarding USDC, Rumors Of Collapse
Tuesday, July 5, 2022 - 2:49pm | 401Jeremy Allaire, co-founder and CEO of global fintech firm Circle, refuted rumors of a potential USDC (CRYPTO: USDC) collapse. What Happened: Following the recent crypto market crash, Allaire addressed the USDC’s potential de-peg in a series of tweets on July 2. It is "understandable why...