USDC

POKKET: Crypto Market Update (Oct 7)

POKKET: Crypto Market Update (Oct 7)

Bitcoin has returned to $1T in market cap, blasts through $50k and sits at $55k now, a +7.2% gain in 24h. ETH is +2.1% to $3580. Movers are NKN +18%, FTM +16%, AST -12%, EVX BAND -9%. The US Department of Justice boomers proudly announced it is forming a “National Cryptocurrency Enforcement Team”, focused on cybercrime and money laundering with the goal of protecting consumers. The US FDIC is said to be studying deposit insurance for stablecoins, as it might qualify for the $250k insurance if a …
POKKET: Crypto Market Update (Oct 6)

POKKET: Crypto Market Update (Oct 6)

Uptober continues with Bitcoin +4.1% to $51.5k, ETH is +3.7% to $3500. Movers are LINA +15%, DENT +13%, RSR +11%, ANKR STMX CHZ HOT +9%, ADX -11%, EVX POLY -10%. Axie Infinity creators Sky Mavis closed their series-B round with $152M at a $3B valuation, led by a16z, and other investors including Accel and Paradigm. USDC issuer Circle has shared they are being investigated by the SEC and received an “investigative subpoena” back in July. A leading Republican on the House Financial Services Commit…
POKKET: Crypto Market Update (Aug 26)

POKKET: Crypto Market Update (Aug 26)

Bitcoin dipped overnight but has since recovered and look flat over 24hrs, now at $48k, ETH is -1.3% at $3150. Movers are ALICE +32%, SAND +18%, CHR +13%, POND +11%, EVX DEGO +10%. Circle and Coinbase have announced their stablecoin USDC will now be 100% backed by cash and short-term US Treasuries by this September. Bloomberg reports Facebook is looking to get into the NFT space through its crypto wallet Novi, without giving any specifics on how or when. UK’s FCA (financial boomer regulator) say…
POKKET: Crypto Market Update (Aug 13)

POKKET: Crypto Market Update (Aug 13)

Bitcoin is down -2.6% to $44.5k, ETH is -3.6% to just holding at $3k. Movers are NKN +20%, BZRX -9%, rest are calm but look lower for the most part. Reddit is now going through a Series F round, raising $410M at a $10B valuation, with their pitch being a go-to market for Ethereum based crypto token rewards program for community members. Reddit was valued at $6B back in February, and with Fidelity sniffing around for Series F, the $410M raise could be $700M — nice to have 52M DAU. Coinbase has am…
POKKET: Crypto Market Update (July 21)

POKKET: Crypto Market Update (July 21)

Bitcoin is softer -4% to just below $30k, while ETH is doing better, -2.5% to $1775. Movers are FET +18%, POLY +15%, LIT -17%, LINA -15%, rest in between. FTX has just closed a $900M funding round with investors Sequioa and Coinbase Ventures, at a valuation of $18B. The EU wants to ban anonymous crypto wallets by 2024, which has people scratching their heads as this may extend to cash as well (logically speaking). Circle reveals the backing behind USDC in a new blog post, saying it will provide …
POKKET: Crypto Market Update (July 12)

POKKET: Crypto Market Update (July 12)

Bitcoin is slightly up +2.2% to $34.5k, ETH is right behind +1.9% to $2150. Movers are AUDIO +29%, MITH +15%, ALICE +14%, no standouts on the downside. The Alameda-backed ChainSwap, which bridges ETH to BSC, fell victim to another attack overnight in a vulnerability which cost $4.4M. Crypto-twitter is abuzz with Tether FUD, this time trying to highlight the 40 consecutive days of no minting while USDC mints away and eats at market share - ex-RealVision partner Grant Williams put out a podcast de…
POKKET: Crypto Market Update (July 3)

POKKET: Crypto Market Update (July 3)

Bitcoin is basically flat to $33.5k, ETH is a touch higher, $2180. Movers are IOST +11%, GRT +10%, rest are in between, pretty tame day. Bitcoin miners have made a claim 56% of energy used is clean, although skeptics arise given the source of data. In a new study looking at 200 countries to analyse how prepared they are for crypto adoption, the US ranks the first, with Cyprus and Singapore following. JPMorgan is eyeing Ethereum staking as a 'fast growing revenue opportunity'. USDC is now availab…
New Product Launch: Crypto Lending

New Product Launch: Crypto Lending

POKKET is launching a new Crypto Lending product today, 8 December 2020. As the world's first platform to introduce structured savings account for cryptocurrencies, we are now venturing into a more simple saving product -- a straight lending product that earns passive interest without token conversion options at payout. To start, we are offering Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), and TrueUSD (TUSD) savings for the Lending product line. Lending rates Here are our inter…