Cash reserves

Stablecoin giant Circle Internet Financial Ltd. is set to establish its European headquarters in Paris, citing the favorable cryptocurrency environment created by President Emmanuel Macron’s government as instrumental in the decision. Circle CEO, Jeremy Allaire, stated in an interview...

Circle (CRYPTO: USDC) deposited an unknown sum of cash in the now-defunct Silicon Valley Bank (NASDAQ: SIVB), which was one of the U.S.-regulated financial institutions responsible for holding the platform's reserves, as per a USDC Reserve Report. The report stated Circle had listed SVB, along...

Cryptocurrency gaming start-up Immutable is letting go of 11% of its workforce despite recently raising $280 million in venture capital funding over the past two years. In a note to staff seen by The Sydney Morning Herald and The Age, Immutable CEO and co-founder James Ferguson explained that the...