USDC - Spark Newswire

2 minute read

CZ Slams Reports Binance’s Reserves Are Full Of Its Own Tokens: ‘Numbers Are All Wrong’

Today, 6:25 PM

Binance CEO Changpeng Zhao on Friday came down heavily on a report the cryptocurrency exchange holds $74.6 billion in tokens, out of which nearly 40% are its own stablecoin

$BNB

1 minute read

Ethereum Dips Below $1,200; FTX Token, Solana Among Biggest Losers

By Lisa Levin

Today, 6:25 PM

Cryptocurrency prices continued to move lower this morning, with prices for Bitcoin (CRYPTO: BTC), the most valued cryptocurrency in the world, tumbling below the $18,000 level on Wednesday.

$BUSD

2 minute read

FTX (FTT) Crisis Is Crypto’s ‘Lehman Brothers’ Moment: Circle CEO Jeremy Allaire

By Mehab Qureshi

Today, 6:25 PM

Jeremy Allaire, co-founder and CEO of Circle, said USD Coin (CRYPTO: USDC) stablecoin is unaffected by the crypto exchange FTX’s native token (CRYPTO: FTT)

$FTT

1 minute read

Fed Says Stablecoins Among Top Major Risks To Economy Over Next 18 Months

By Mehab Qureshi

Today, 6:25 PM

Stablecoins pose massive risks to financial stability, and remain vulnerable to liquidity risks, according to a November Financial Stability report published by the U.S. Federal Reserve.

$USDT

2 minute read

Deribit Hot Wallet ‘Compromised,’ Suffers $28M Hack: Are Client Funds Safe?

By Murtuza Merchant

Today, 6:25 PM

Cryptocurrency derivatives exchange Deribit has ceased withdrawals, following a $28 million hot wallet attack.

BTC

2 minute read

FTX Stablecoin Is In The Works, Sam Bankman-Fried Says: Here’s What We Know So Far

By Murtuza Merchant

Today, 6:25 PM

Cryptocurrency exchange FTX is working on creating a stablecoin, or a crypto token whose value is correlated with another asset, according to the company’s CEO Sam Bankman-Fried.

$BUSD

2 minute read

Mango Hacker Reveals Identity After Returning $67M, Calls Exploit ‘Highly Profitable Trading Strategy’

By Mehab Qureshi

Today, 6:25 PM

The hacker behind the Mango market exploit that drained $117 million, revealed his identity on Twitter calling his actions “legal” and “a highly profitable trading strategy”.

$MNGO

2 minute read

Mango DeFi Hacker Posts Ultimatum Hours After $100M Exploit: ‘Repay Bad Debt’

By Mehab Qureshi

Today, 6:25 PM

Just hours after the Solana-based DeFi platform Mango suffered a $100 million exploit, the alleged hacker has now proposed an ultimatum to the community.

$SRM

2 minute read

Solana-Based DeFi Mango (MNGO) Loses $100M In Hack, Token Tumbles 42%

By Mehab Qureshi

Today, 6:25 PM

Mango, a Decentralised Finance (DeFi) platform has been exploited by hackers for over $100 million, marking the second such unauthorized break-in this week.

$SRM