Coinbase has invested in Circle, the company behind USDC, a stablecoin. The USDC Center Consortium will be dissolving, with Circle taking over the responsibility of USDC’s smart contract keys, issuance, operations, and compliance. Circle plans to expand USDC to 6 new blockchains between September and October, bringing the number of USDC-supported chains to fifteen.The news […]
MoneyGram and Ripple have had a long-standing partnership, with Ripple investing $50 million in the money transfer giant in 2019. As part of the agreement, MoneyGram used Ripple’s technology, xRapid (now On-Demand Liquidity) to send money while using XRP as a bridge currency. MoneyGram generated up to $113 million from the partnership in 2019.However, in […]
Binance Coin (BNB) has seen a sharp decline in price, trading to lows of $204 after breaking below the key levels of $210 and $208. This comes amid strong headwinds around Binance, with regulatory issues and payment partner issues adding to the downside pressure. If bulls give up the $200 zone, BNB could drop to […]
Bitcoin traders are preparing for a period of increased volatility in the market, according to the latest Bitfinex Alpha report. Last week, the asset experienced a sudden plunge towards the $25,000 mark, resulting in over $1 billion in futures liquidations.On-chain data analyzed by researchers at crypto exchange Bitfinex showed a surge and flatline in implied […]
Thailand is taking a dramatic step to protect its citizens from crypto scams by seeking a court-ordered shutdown of Facebook. The Ministry of Digital Economy and Society (MDES) has identified 200,000 victims of fraudulent advertisements peddling fake investment opportunities and crypto scams. MDES spokesperson Chaiwut Thanakamanusorn has stated that the government is asking the court […]
Finst, a cryptocurrency exchange based in Amsterdam, has announced the successful release of its Proof of Reserves (PoR) audit conducted by an independent and reputable audit firm. This audit is the first of its kind and sets higher transparency standards in the crypto industry. The audit confirmed that Finst holds its clients’ assets on a […]
EDX Markets, an institutional crypto exchange launched in June 2023, has announced a partnership with Anchorage Digital Bank to provide a secure custody service for its upcoming clearinghouse division, EDX Clearing. The partnership aims to bridge traditional finance market structures with the digital asset ecosystem. EDX Markets is backed by a consortium of major financial […]
Investors are gearing up for potential price movements in the crypto market, with massive new token purchases of XRP and SHIB igniting speculations. Data from Whale Alerts reveals a string of significant transactions involving trillions of SHIB moving between wallets. On Aug. 21, an investor purchased 4,653,778,173,637 SHIB worth $36,797,424 from a Bitvavo sender. Later, […]
Ripple recently won a lawsuit against the US Securities and Exchange Commission (SEC), but some members of the community believe the legal battle caused damages for the firm and its native token, XRP. According to lawyer and founder of CryptoLaw, John Deaton, the SEC lawsuit affected potential mass adoption of XRP in the last three […]
A Chinese government official has been sentenced to life in prison for running a $329 million Bitcoin mining enterprise and unrelated charges of corruption. Xiao Yi, a former member of the Jiangxi Provincial Political Consultative Conference Party Group and Vice Chairman, was found guilty of bribery from 2008 to 2021 and abuse of power from […]
