Coinbase and Circle have recently announced a new agreement, with Coinbase acquiring a minority stake in Circle. This agreement follows two years of split governance between the two companies. Circle has also announced plans to upgrade USDC’s technical capabilities in order to pave the way for present and future projects. On the 29th of August, […]
Grayscale CEO Michael Sonnhenshein spoke to CNBC’s Squawk Box on Wednesday to discuss the company’s recent victory in its lawsuit against the Securities and Exchange Commission (SEC). The court determined that the SEC was being “arbitrary and capricious” by denying Grayscale’s conversion into a Bitcoin spot ETF while approving Bitcoin futures ETFs.The SEC now has […]
Robinhood, a trading app company, has been identified as the owner of the fifth-largest Ethereum address, holding 1.5 million ETH ($2.54 billion). This address also holds $177 million of other ERC-20 tokens. Arkham Intelligence, a platform that previously identified Robinhood as the owner of the third-largest Bitcoin address, made the announcement on Aug. 30. The […]
A US court has dismissed a class action lawsuit against Uniswap, a crypto platform. The suit alleged that users lost money in scam tokens on the platform, but the judge ruled that the software provider cannot be held liable for crimes committed by third parties.Judge Katherine Polk Failla of the US District Court for the […]
Binance has recently unveiled a new feature for its Latin American clients, allowing users in nine Latin American nations to send crypto via Binance Pay. Beneficiaries in Argentina and Colombia can directly collect these transfers into their bank accounts.The new “Send Cash” feature promises a more efficient and cost-effective method of digital money transfer, addressing […]
Circle, the issuer of USDC, is partnering with Mercado Libre, a Latin American e-commerce platform with over 200 million users. This collaboration will allow users of Mercado Pago, the fintech service of Mercado Libre, to make payments using USDC in key markets, starting with Chile. Over two million Chileans are already Mercado Pago users.The partnership […]
Binance, one of the largest U.S. crypto exchanges, has been in the news a lot over the past week. The company has been facing intense scrutiny from regulators, and has had to make some changes to its business lines and regions. This week, Binance cut ties with five sanctioned Russian banks listed on its peer-to-peer […]
Circle, a stablecoin company, has announced a new partnership with Mercado Pago, the largest fintech company in the Latin American region. This payment platform is a subsidiary of retail giant Mercado Libre, which has 200 million users. Mercado Pago will offer Circle-issued USDC as a payment option to its Chilean customers. USDC is a stablecoin […]
Elon Musk’s social media giant, X (Twitter), has been granted a currency transmitter license in Rhode Island, allowing it to engage in various financial activities, including facilitating money transfers, enabling digital payments, and exploring the world of cryptocurrencies. This license places X in a favourable position to venture into cryptocurrency payments, as it encompasses traditional […]
SEBA Hongkong is set to become the first licensed company in China to offer cryptocurrency services, providing a platform for regulated activities with digital assets. The global crypto bank provides financial solutions for the digital age in asset management, investment, trading and consulting. The company has announced that its regional subsidiary has received a fundamental […]
