Trevor Kawome

How Circle Adjusted Its Reserves Treasury to Mitigate Risks of US Debt Defaults: Latest News and Updates

According to a May 10th Politico newsletter, Circle CEO Jeremy Allaire revealed that the stablecoin issuer has adjusted its reserves treasury to reduce the risks associated with potential defaults on US government debt.

US CPI Inflation Falls to 4.9%, Triggering Bitcoin Price Rise: Analysis and Insights

In April, the US Bureau of Labor Statistics reported that the annual US Consumer Price Index (CPI) inflation was 4.9%, which is lower than the expected 5%. The annual core inflation rate also dropped to 5.5% in April, down from 5.6% the previous month. Traders responded by anticipating that the US Federal Reserve will pause and reduce interest rates, causing the price of Bitcoin to start rising.

How MiCA Regulations are Driving the EU as a Crypto Hub

The MiCA regulation is the European Commission's way of saying, "I regulate therefore I am." This game-changer, introduced in September 2020, aims to harmonize the regulatory framework for crypto assets across the EU, covering everything from issuance and trading to service providers and investor protection.

13th April 2023

Dangers of Old Smart Contracts

A dizzyingly complex attack in the early hours of Thursday saw the DeFi stalwart Yearn Finance exploited for roughly $11.6 million stable coin haul. The root cause of the exploit dates back as far as three years ago as a version of the savings protocol that has long since been abandoned.

27th March 2023

Deep Dive into Arbitrum

• Designed to improve the scalability plus efficiency of the Ethereum network by creating a secondary network known as a sidechain which operates alongside with the main Ethereum blockchain

27th March 2023

Silicon Valley Bank Acquired by First Citizen Bank

Latest update have emerged that the crypto friendly Silicon Valley Bank (SVB) worth $40 billion a year ago has been acquired for $500 million at a 99% discount.

First Citizen Banks BankShares the holding company of First Citizen Bank was in advanced talks as it edged closer to acquiring SVB from the Federal Deposit Insurance Corp (FDIC) on Monday.

23rd March 2023

U.S. SEC Probes Crypto Exchange

Wells Notice from the U.S. Securities and Exchange Commission has been served to Coinbase Global Inc on March 22. The notice suggests enforcement action against the cryptocurrency exchange as the US watchdog continues to push regulation through enforcement action.

22nd March 2023

Bitcoin Eyes Up to $35,000

The crypto market strong sentiment has been the driving force for Bitcoin holding above $28,000. Investors are already anticipating Bitcoin to hit $30,000 after the Fed monetary policies due to the ongoing banking crisis.

With volatility amid the U.S Federal Reserve FOMC meeting today Bitcoin still recorded its biggest quarterly gain since 2021 with the past 24 hours hitting a 9 month high of $28,527 on Monday.

21st March 2023

Circle USDC Expands to France

The USD Coin issuer Circle Internet Financial has applied for regulatory approval in France for its European expansion.

Digital asset companies including stablecoins issuers are all required to apply for the license under the European Union’s MiCA regulation in order to provide services from 2024 full authorization.

13th March 2023

US Federal Reserve Rescues Silicon Valley Bank

Silicon Valley Bank depositors panicked triggering a bank run when the bank announced a significant sale of assets and stocks in efforts to raise additional capital on March 8.
As a result, a funding program for banks has been established by the Federal Reserve along with the Federal Deposit Insurance Corporation (FDIC) $25 billion being made available to eligible firms in efforts to avoid further liquidity issues within banks.