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“Transaction and treasury services,” with clients including Dapper Labs, Compound Labs and FTX, is the soon-to-be-public company’s top revenue source. Most of the conversation about Circle revolves around USD coin (USDC), the stablecoin it created in collaboration with Coinbase. But according to an investor presentation released with Thursday’s announcement that Circle would go public using a special purpose acquisition company...
Crypto-Driven eCommerce Could Be The Great Equalizer eCommerce is the consumer platform of choice for the majority of people in developed countries, yet it remains an uneven way of doing business. As the Harvard Business Review outlines, the underlying technology and processes that power many major eCommerce platforms are inherently discriminatory, lacking features to enable people living with a disability...
NFT sales in June alone have eclipsed those for the entire first half of 2020 on the OpenSea marketplace. Sales of nonfungible tokens (NFTs) have surged to record highs in the first half of 2021. There has been $2.5 billion in NFT sales in the first six months of this year, according to DappRadar, a massive increase over the $13.7...
Wyoming is further solidifying its position as the most crypto-friendly state in North America. The crypto-friendly state of Wyoming has approved the first legally recognized decentralized autonomous organization (DAO) in the United States. The American CryptoFed DAO received notice from the Wyoming Secretary of State’s office on Tuesday recognizing it as a legal entity, according to a Sunday announcement. Marian...
The regulator is expected to follow up with the company's local subsidiary Binance Asia Services Pte. following global developments. The Monetary Authority of Singapore (MAS), the country’s financial regulator and central bank, said it is closely watching the regulatory developments surrounding Binance Holdings Ltd. The country’s financial watchdog is expected to “follow up” with the company’s local subsidiary Binance Asia...
Senator Cynthia Lummis wants to see crypto-assets become a normal part of the diversified asset allocations in U.S. citizens’ retirement plans. U.S. Senator and Bitcoin proponent, Cynthia Lummis, would like to see U.S. residents turn to Bitcoin as part of a diversified strategy for their retirement plans. Speaking during the CNBC Financial Advisor Summit on June 29, Senator Lummis stated...
Eric Rosengren included the stablecoin among what he termed new disruptors to short-term credit markets. A senior U.S. Federal Reserve official has called Tether’s USDT stablecoin a risk to the stability of the financial system. In a slide presentation Friday, Eric Rosengren, president of the Federal Reserve Bank of Boston, listed tether among the “financial stability challenges” the U.S. central...
President Nayib Bukele made the announcement during a national address on Thursday. El Salvador’s Bitcoin Law, which is expected to make the crypto legal tender within the Central American nation, is set to come into effect on Sept. 7, Reuters reported Friday. El Salvador President Nayib Bukele made the announcement during a national address on Thursday, per the report. The...
Blockchain is being implemented across many industries in the U.S., with G2 Research finding that the average traffic to four blockchain categories (Blockchain Platforms, Security, Payments and Blockchain as a Service) had increased by 120% over a three-month period. Blockchain as a service (BaaS) is taking the lead from its older sister, Software as a Service (SaaS), offering businesses third-party,...
The Financial Conduct Authority has warned U.K. consumers of dealing with 111 unregistered crypto firms, calling it “a very real risk.” The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA) has warned consumers against 111 crypto companies that are yet to register with the FCA. Since Jan. 10, all U.K.-based crypto firms have had to comply with Anti-Money Laundering...