Coinbase Acquires Stake in Circle, Dissolves Centre Consortium
Coinbase, the largest US crypto exchange, has acquired a stake in Circle, the issuer of USD Coin (USDC), the second-largest stablecoin in the world. The deal coincides with the closure of the Centre Consortium, a joint venture between Coinbase and Circle that governed USDC. Coinbase and Circle end their partnership The terms of the agreement […]
Facebook faces Possible Ban In Thailand over Crypto Scam Ads
The Thai government has threatened to ban Facebook in the country unless the platform stops allowing fraudulent crypto investment ads that have affected more than 200,000 people. The Ministry of Digital Economy and Society has given Facebook until the end of the month to comply with its demands or face legal action.Crypto scam ads rampant […]
Mastercard Teams Up with Blockchain Firms to Explore CBDCs
Mastercard launches a CBDC Partner Program with seven leading crypto and blockchain companies, including Ripple, ConsenSys, and Fireblocks, to explore the benefits and challenges of digital currencies. Mastercard, one of the world’s largest payment-processing companies, has launched a new initiative to explore the benefits and challenges of central bank digital currencies (CBDCs) with seven prominent […]
The Legal Web That Favored Ethereum Over Ripple
The legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, the company behind the XRP cryptocurrency, has been one of the crypto industry’s most controversial and consequential events. But what if the outcome of this case was influenced by a clever legal strategy that gave Ethereum, Ripple’s main rival, an unfair […]
Canaan to Launch Mining Machines at 10th Anniversary Event
The leading ASIC manufacturer will showcase its latest products at a gala event in Singapore on September 12. Canaan, the first and only Nasdaq-listed Bitcoin mining machine manufacturer, is celebrating its 10th anniversary with a grand event in Singapore. The company will reveal its new mining machine products that promise to improve efficiency, reduce energy […]