Ronin Network Recovers $10M ETH, USDC Still in Progress
Ethical hackers has helped recover the stolen ETH and Ronin network expects to retrieve the US dollar-tethered stablecoin USDC soon. A recent security compromise resulted in the theft of around ten million dollars’ worth of Ethereum (ETH), yet the Ronin Network was successful in recovering the stolen cryptocurrency. Ronin Network Recovers $10M ETH Currently, the […]
Circle to Cease USDC Support on Flow Blockchain
Circle, the stablecoin’s issuer, has declared that it would no longer support USDC on the Flow network with effect from September 3, 2024. The blockchain network’s impending Crescendo update is the reason behind Circle’s decision to discontinue support for USDC on Flow, the company stated in a blog post on August 5. The US dollar-pegged stablecoin […]
Hackers Steal $12 Million in ETH and USDC from Ronin Network
The Ronin Network suffered a $12 million Ethereum and USDC theft, following a previous $600 million hack in March 2022. The blockchain bridge has been reportedly hacked, dealing a substantial setback to the Ronin Network. It has led to the seizure of approximately $12 million in USD Coin (USDC) and Ethereum (ETH). The Ronin bridge […]
BlackRock BUIDL Fund Acquires $11M USDC Stablecoins
The BlackRock BUIDL Fund wallet received a startling $11 million in USDC from a Circle hot wallet, prompting market discussions. BlackRock’s BUIDL (BlackRock USD Institutional Digital Liquidity) Fund has garnered significant attention for its substantial stablecoin accumulation today. According to on-chain insights, the tokenized fund of one of the most prominent asset managers received USDC […]
Stablecoin Prediction Made By Circle Founder Jeremy Allaire
Jeremy Allaire, the Circle co-founder and CEO, has made a positive stablecoin prediction that will make up a significant part of the global system in 10 years. Jeremy Allaire, the founder of Circle Internet Financial Ltd., expressed his continued confidence in the potential of crypto, with a particular emphasis on stablecoins, on X. His lengthy […]