USDC reserves policy to be effective by September
The reserves underpinning the stablecoin USD Coin (USDC) will be consolidated into cash and US government treasuries, according to Coinbase president and COO Emilie Choi. USD Coin’s reserves will soon be exclusively kept in “cash and short duration U.S. Treasuries ,” according to a blog post published on Aug. 22 by the CENTRE Consortium, a […]
FSA Japan considers imposing stricter crypto rules
The Financial Services Agency (FSA), Japan’s financial regulator, has begun negotiations about setting stronger restrictions for cryptocurrencies in order to better protect Japanese investors. The Financial Services Authority (FSA) established a dedicated division and a panel of financial experts in July to assist the government in overseeing digital and decentralized money . According to Jiji […]
InCore launches new tokenization tool using Tezos
Crypto Finance AG, funded by Deutsche Boerse and Swiss business-to-business bank InCore have announced the upcoming launch of Tezos custody, staking and trading services targeting financial institutions. InCore Bank and Crypto Finance AG, as well as Swiss IT consulting business Inacta, launched a new partnership on Tuesday to launch new digital financial products based on […]
Riot Blockchain’s Q2 revenue reports a 1,540% increase from Bitcoin mining
Riot Blockchain, a major publicly traded Bitcoin mining company, has claimed record sales for the second quarter of 2021 to be netted at $19.3 million. The U.S.-based company recorded $31.5 million in mining-related revenues for the three-month period in its quarterly financial report on Aug. 23, up about 1,540 percent from its Q2 2020 revenue […]