USDC Issuer Circle Relocates Headquarters to New York Ahead of IPO
Circle is seen as critical to the mainstream adoption of cryptocurrencies, providing a bridge between fiat currencies and the digital economy. Circle, the issuer of the second-largest stablecoin, USDC, is relocating its global headquarters to New York City ahead of its planned Initial Public Offering (IPO). The company will establish its new base on “one […]
Binance Warns Users of Malware Risks in Crypto Withdrawal
Binance warns of ongoing malware threats and takes steps to protect transactions and user assets from crypto scams. Binance, a leading cryptocurrency exchange, has issued a warning about an active malware threat that alters cryptocurrency withdrawal addresses, posing serious financial risks to users. The exchange has seen a rise in such malicious activity and is […]
China’s Digital Yuan Crosses $1 Trillion Transactions, Topping USDC & USDT
China’s Digital Yuan has grown rapidly, with transaction volumes exceeding $1 trillion, beating the combined activity of USDC and USDT. China’s Digital Yuan has seen significant growth, with transaction volumes exceeding $1 trillion, surpassing the combined activity of stablecoins like USDC and USDT. This milestone comes after over a decade of development and four years […]
Based Rollups Proposed as Solution for Ethereum Incentive
Based Rollups, according to some critics, align incentives between Ethereum layer 2 and its base layer validators, perhaps resulting in deflationary issuance again. Based Rollups might offer a solution to Ethereum’s layer-2 networks diverting liquidity and revenue from its base layer. These rollups, which rely on Ethereum’s layer-1 validators for processing instead of their own […]
Japanese Yen Dip Sparks Renewed Yen Carry Trade
With the JPYUSD currency pair surging to 140.7, the highest in 2024, fears of Yen carry trade unwinding could spark a Bitcoin price drop. The Japanese Yen has surged to its highest levels against the U.S. Dollar since January 2024, raising concerns about the potential unwinding of the Yen carry trade. With the weakening of […]