Stablecoin issuer Circle plans to go public by December 2022
The issuer of USDC stablecoin Circle according to a recent report is now valued at $9 billion the firm is aiming to go public by December this year. Circle Internet Financial is a financial services corporation best known for issuing USDC, the second-largest stablecoin in terms of total market capitalization. The corporation is now valued […]
The UAE to issue a government crypto license for virtual asset service providers (Report)
By the end of the first quarter, the United Arab Emirates is expected to issue a government crypto license for virtual asset service providers VASPs. This move is part of the UAE’s goal of becoming a leading crypto-friendly jurisdiction. According to Bloomberg, the UAE Securities and Commodities Authority is close to adopting legislation that would […]
El Salvador’s President reacts to the US proposed bill introduced to investigate the Country’s Bitcoin law
Three U.S. Senators proposed a bill dubbed Accountability for Cryptocurrency in El Salvador Act (ACES) that aims to “mitigate potential risks to the U.S. financial system” such as money laundering and terrorism funding. The development has sparked a backlash from El Salvador’s president urging them to stay out of his country’s business. El Salvador’s President, […]
ByBit crypto exchange partners with Oracle Red Bull Racing in a multi-year deal
With the most recent relationship between the Bybit cryptocurrency exchange and Red Bull Racing, the sports industry has witnessed major growth in partnerships with crypto firms. After being blacklisted in South Africa, Bybit appears to be bouncing back swiftly. Oracle Red Bull Racing has announced multi-year cooperation with cryptocurrency exchange Bybit (RBR). The relationship with […]
ConocoPhillips ventures into Bitcoin mining
In order to lower the occurrence of flaring excess gas, ConocoPhillips one of the world’s largest oil and gas exploration firms has entered the Bitcoin mining business. It plans to use surplus gas to fuel Bitcoin mining operations. According to a CNBC story, the company is selling its extra gas to a third-party Bitcoin miner […]