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The Latest Breaking News from Circle

US presidential hopefuls rally against a digital dollar ahead of 2024 elections

The conversation around the role of central banks in the economy has taken on a new dimension among U.S. presidential hopefuls like Ron DeSantis and Vivek Ramaswamy. These politicians want to make it clear they would not support any proposals for a central bank-backed digital U.S. dollar as they make…

Tribune News Service

The GOP is making it harder for college students to vote

Republican lawmakers are making it harder for students to cast ballots where they attend school, after the GOP suffered stinging recent electoral losses largely because of an historic surge in turnout from younger voters backing Democrats.

Tribune News Service

Do NOT post on Twitter Circles — this nasty bug exposes your private tweets to the public

A recent bug allowing users to peek inside your private circles is causing a new privacy concern over on Twitter.

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Coinbase offered $3.3 billion backstop to Circle as USDC teetered

In the hours before regulators expanded FDIC insurance, Coinbase and Circle came up with a backstop plan of their own.

Fortune

FedNow is set to launch in July. What the instant payment service could mean for a digital dollar and stablecoins

FedNow’s ability to give customers of traditional banks instant payments detracts from one of the main draws of a central bank digital currency.

Fortune

FDIC wants buyer of Signature Bank to give up crypto business, report says

The failed New York-based bank was a popular option among crypto firms.

Fortune

Bank failures could spur Congress to act on stablecoins

Digital assets chair French Hill and Circle's Dante Disparte weigh in.

Fortune

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Cathie Wood: regulators missed 'crisis looming in plain sight'

The tech investor argued that problems in traditional banking hurt cryptocurrencies, not the other way around.

Fortune

How Silicon Valley Bank's collapse may affect crypto companies

SVB’s failure was the biggest bank collapse since Washington Mutual Bank in 2008.

Fortune

What the collapse of crypto banks could mean for stablecoins

Providers like Circle are searching for solutions to fill the void.

Fortune

Dante Disparte on Circle, stablecoins and Silicon Valley Bank’s lessons for policymakers - Roll Call

Circle’s Chief Strategy Officer Dante Disparte offers perspectives on the most harrowing week since the 2008 financial crisis.

Roll Call

Circle adds Cross River as banking partner and expands BNY ties, USDC peg closes

An announcement by Circle about new banking partners comes as the brief de-pegging of USDC came to an end.

Fortune

USD Coin value falls after revealing $3.3bn held at Silicon Valley Bank

The stablecoin fell as low as $0.87 as Circle broke the news that its reserves were at the collapsed lender

The Guardian - US

Circle reveals it has $3.3 billion stuck at Silicon Valley Bank as USDC wobbles against its peg

The company insisted that it was protecting the stablecoin from a "black swan failure."

Fortune

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Inverse

You Need to Watch the Most Intriguing Sci-Fi Movie on HBO Max ASAP

The Emma Watson-starring techno-thriller is exhaustingly self-serious, but there are intriguing ideas buried in the melodrama.

Fortune

Binance aggressively converted rivals' stablecoins in a massive cash grab. It didn't always tell its customers

Blockchain data suggests Binance may have been converting users' collateral without permission.

Fortune

Binance stablecoin in peril as U.S. regulators force Paxos to stop issuing BUSD

Binance says that the market cap for BUSD will decrease over time.

The Independent UK

He claimed to be a holy man. But a Dances with Wolves star was luring young girls into a sex cult, authorities say

After achieving global fame at age 14 for his role in Dances with Wolves, Nathan Chasing Horse travelled across the US claiming to be a Lakota “medicine man.” But police and tribal elders say he used those spiritual traditions as a tool to sexually assault young girls. Bevan Hurley reports.

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Daily Mirror

Dancing with Wolves actor arrested for sex abuse and accused of running cult

Nathan Chasing Horse, who appeared in Dancing with Wolves, has been arrested by police after being accused of sexually assaulting young Indigenous girls and running a cult

The Canberra Times

Australian wool making runners eco-friendly

Aussie merino wool is helping to deliver a sustainable spring in the step of European runners as part of a recyclable and biodegradable sneaker.

Fortune

The 10 biggest crypto funding rounds of 2022

How much did Crypto Winter freeze venture funding?

Fortune

Is Binance okay? Events this week had the crypto industry on edge

The crypto market jitters about Binance this week were likely overblown—but there are still reasons to be concerned about the health of the world's biggest crypto exchange.

Al Jazeera

Binance withdrawals hit $1.9bn in past 24 hours says data firm

The world’s biggest crypto exchange said it had ‘temporarily paused’ withdrawals as CEO said it was ‘business as usual’.

Tribune News Service

Student power in Georgia: Young, engaged and determined to vote

ATLANTA — Sen. Raphael Warnock’s reelection sparked social media posts from around the country thanking Georgia for solidifying the Democratic majority in the U.S. Senate, thanking Stacey Abrams for her get-out-the-vote initiatives and DeKalb County for its 87% support of Warnock.

Fortune

Coinbase tells customers to switch to stablecoin it cofounded—without fees

The company implied that the fallout of FTX put “some stablecoins to the test.”

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