A US federal court has frozen $57.65 million in USDC stablecoin allegedly linked to individuals involved in the controversial Libra (LIBRA) memecoin scandal. Here’s a breakdown of the situation and its potential impact.
Tag: Stablecoin
Chainlink & Two Sigma Execs Launch $25M Fund ‘Moirai’ to Spot Crypto Gems
Metalayer Ventures, founded by former Chainlink and Two Sigma executives, launches a $25 million fund utilizing a proprietary data platform (‘Moirai’) to identify promising early-stage crypto projects.
UK FCA Seeks Public Input on Stablecoin and Crypto Custody Regulations: What It Means for the Market
The UK’s Financial Conduct Authority (FCA) has requested public feedback on proposed regulations for stablecoins and crypto custody, signaling a significant step towards comprehensive crypto regulation in the UK.
BlackRock Eyes Significant Stake in Circle IPO: A Bullish Signal for USDC?
A recent report indicates BlackRock’s interest in acquiring a 10% stake in Circle’s IPO, potentially signaling strong institutional confidence in the stablecoin USDC and the broader crypto market.
Conduit Raises $36M to Challenge SWIFT with Stablecoin Payment Network
Conduit, a cross-border payments firm, secured $36 million in Series A funding to scale its stablecoin and fiat payment system, aiming to disrupt the traditional SWIFT network.