Circle Faces Scrutiny Following $285 Million Drift Hack
The recent $285 million hack of the Drift platform has raised significant questions about Circle’s response and its implications for the broader cryptocurrency ecosystem. The...
Tag : stablecoins
Conflict Escalation Affects Global Markets as Bitcoin Dips
The ongoing conflict in the Middle East has intensified, marking its fifth week with significant developments that have reverberated through global markets. Iranian-backed Houthi forces...
StraitsX Sees Dramatic Growth in Stablecoin Card Transactions
StraitsX, a Singapore-based company specializing in stablecoin infrastructure, has reported significant growth in its card program, with transaction volumes increasing by 40 times and card...
Mastercard Acquires BVNK for $1.8 Billion, Marking a Major Shift in Payment Infrastructure
In a landmark move, Mastercard has agreed to purchase the stablecoin platform BVNK for $1.8 billion, significantly exceeding the company’s previous valuation of $750 million....
Bitcoin Cash Sees Modest Gains Amid Broader Market Decline
Bitcoin Cash (BCH) recorded a slight increase of 0.8% on Thursday, distinguishing itself as the only asset to gain value in a generally declining cryptocurrency...
Bitcoin Stabilizes as Trump Extends Iran Strike Pause
Bitcoin prices recovered slightly on Thursday after U.S. President Donald Trump announced a 10-day extension of a pause on attacks against Iran’s energy infrastructure. This...
Negotiations on Clarity Act Face Mixed Reactions from Crypto Industry
The ongoing discussions surrounding the Clarity Act, a legislative effort aimed at defining the regulatory framework for cryptocurrencies, have generated a range of responses from...
Senate Proposes Restrictions on Stablecoin Yield Payments in New Legislation
The U.S. Senate has unveiled a revised draft of the Digital Asset Market Clarity Act, which includes provisions that would prohibit yield payments on stablecoin...
NovaBay Pharmaceuticals Transitions to Crypto Sector as Stablecoin Development Corporation
NovaBay Pharmaceuticals, a small-cap company with a market capitalization of approximately $30 million, has officially rebranded as Stablecoin Development Corporation, adopting the ticker symbol SDEV....
Gauntlet’s Total Value Locked Drops 22.84% Amid Campaign Conclusion
Gauntlet, a prominent player in decentralized finance (DeFi) risk management, has reported a significant decline in its total value locked (TVL), which has fallen by...