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Peter Davis

An writer at FOMOdrive

  • Jun 19, 2023
  • 2 min read

Circle, USDC issuer, braces for US default

For the past six days, Bitcoin has been on a downward trend.

S&P Global raised doubts about the capacity of crypto assets to act as a safeguard against inflation.

Franklin Templeton, boasting $1.4 trillion in assets, is introducing a second blockchain fund.

The issuer of the USDC stablecoin is getting ready for a potential default by the United States.

Hundreds of times, Elon Musk has boosted the Milady Meme Coin.

The S&P Global rating agency believes that, in theory, crypto assets could be used as a hedge against inflation. However, due to the limited history of the crypto market, it is not yet possible to confirm this hypothesis.

Marathon Digital, an American mining company, has been hit with another lawsuit from the US Securities and Exchange Commission (SEC) as part of an investigation into the company's operations in Montana.

Patrick Hillmann, the Chief Strategy Officer of Binance, has expressed his concern about the oppressive attitude towards cryptocurrencies in the US, stating that it has become "very difficult to do business" there. He has also expressed his worries about the UK.

Ernst & Young (EY), a British accounting firm, has unveiled a beta version of a platform powered by Ethereum blockchain technology that will enable companies to monitor their carbon footprint.

The New York State Legislature has commenced the examination of a bill that would permit dollar-pegged stablecoins to be utilized as a legitimate method to pay bail for defendants.

John Reed Stark, a former official from the U.S. Securities and Exchange Commission (SEC), has urged financial regulators to prohibit cryptocurrency firms from providing Tether (USDT) stablecoins. He believes that the issuer of the USDT stablecoin could be the next domino to fall.

Franklin Templeton, an asset manager with $1.4 trillion in assets, has filed documents with the SEC indicating that they plan to launch a second blockchain fund. The minimum investment for this fund is set at $100,000.

Circle, the issuer of USDC, the second largest stablecoin by capitalization, has changed its collateral in the event of a US default on public debt. Circle has stopped using U.S. Treasury securities maturing after May 31st.

After Elon Musk posted a meme featuring an NFT from the Milady collection, the sales of anime tokens skyrocketed by 2600%, and the price of the Milady Meme Coin cryptocurrency multiplied by a hundred. This prompted a number of crypto exchanges to list the Milady Meme Coin token.

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