KuCoin and Circle back Chinese yuan-pegged stablecoin in $10M round
Circle Ventures, the venture arm of the USDC issuer Circle, has invested in an offshore Chinese yuan-backed stablecoin project, CNHC. It’s hard to overlook the timing and strategic significance
SVB’s mess could become stablecoins’ problem
After USDC depegged from $1 last week, many are questioning whether SVB’s collapse has bigger implications on the stablecoin ecosystem
Founder of troubled crypto asset unicorn Babel launches new DeFi project, stablecoin
Flex Yang, the former CEO and founder of Babel Finance, is leading efforts to restructure the now embattled crypto asset unicorn while introducing a new decentralized project with hopes to avoid some
Uncertainty stands around multibillion USDC empire as issuer Circle held reserves at Silicon Valley Bank
Update: After publication and our first update to include Circle’s initial statement regarding USDC’s reserves, the company announced that “3.3 billion of the ~$40 billion of USDC re
FTX’s seemingly sluggish withdrawals raise eyebrows
On-chain data shows limited withdrawal requests for users trying to transact on FTX's exchange.
Stablecoin demand maintains pace as other cryptocurrencies tumble
More investors are swapping cryptocurrencies for stablecoins, signaling a potential shift toward the less risky asset.
Kaszek, YC back DolarApp’s mission to ‘dollarize’ Latin America’s finances with crypto
With DolarApp, users can open a bank account going from peso to dollar dominated stablecoin USD Coin (USDc) and back in seconds.
Crypto’s biggest powerhouse flexes on its competition
Welcome to Chain Reaction, where we unpack and explain the latest in crypto news, drama and trends, breaking things down block by block for the crypto curious. For our Thursday episode this week, we d
Binance to stop supporting USDC, the second largest stablecoin
Binance, the issuer of the world’s third-largest stablecoin, said on Monday it will convert customers’ holdings in three rival stablecoins USD Coin (USDC), Pax Dollar (USDP) and True USD (
Do Kwon’s Terra trauma and drama lives to see another day
There are some events in your life that you look back on and think to yourself, “Wow, that was a really tough time.” We all have memories like that and I think the crypto community definit
Uniswap Labs COO MC Lader on the incentives behind DeFi
Crypto lending and financial services companies have been at the forefront of the industry’s latest controversies ever since the collapse of the Terra stablecoin, with many drawing parallels bet
Investors focus on DeFi as it remains resilient to crypto market volatility
As many subsectors in the crypto market continue to take heavy hits from recent volatility, some market players see DeFi as resilient and gaining interest despite the macroeconomic environment.
When will India make up its mind about crypto?
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Alex and Grace are back to cover the biggest and most intere
FTX policy exec says its ‘priorities have not changed’ amid market madness
As the crypto markets continue to trend downward, the world's second-largest crypto exchange, FTX, remains undeterred.
Meta is pulling the plug on its crypto payments wallet, Novi
Three years after Facebook announced its ill-fated push into cryptocurrency, aka the Libra project, the tech giant has signalled another scaling back of its activity — announcing Friday that Nov
Proposed bipartisan US crypto bill could be ‘sigh of relief’ for the industry
"The bill matters as it is a step in the right direction for legislation and definition of 'crypto,' what a 'crypto asset' is and what regulation will look like," said Nick Donarski, CTO of ORE System
Terra’s Do Kwon looks for redemption with Luna token rebirth
Is Terra’s Do Kwon the Bernie Madoff of crypto? Hello and welcome back to the Chain Reaction podcast, where we unpack and explain the latest crypto news, drama and trends, breaking it down blo
Can Andreessen Horowitz prevent the next crypto winter?
Hey everyone, and welcome back to Chain Reaction. Last week, we talked about the rough road ahead for Coinbase. This week, we’re talking a bit about Andreessen Horowitz’s multibillion-doll
Terra community passes proposal to revive LUNA cryptocurrency following stablecoin-led implosion
Terraform Labs' plan to revive the Terra Ecosystem after its stablecoin UST and cryptocurrency LUNA nosedived earlier this month has passed and been approved by the community.
Polygon launches ‘uncapped’ fund to help Terra projects migrate to its blockchain
As members of the Terra community try to pick up the pieces from its currently defunct economy, Polygon is beckoning to the dozens of developers who had projects built on the inoperative blockchain.