Circle’s CEO, Jeremy Allaire, has announced that the United States dollar stablecoin, USD Coin, will be launching natively on the Base network in the coming week. This new version will replace the current USD Base Coin (USDbC) that is currently being used by most users. When Coinbase’s Base network was launched on August 9th, there
In the past, adventurers and opportunists embarked on daring journeys to uncharted territories, driven by the allure of striking gold. The pursuit of riches shaped the course of history. Today, while literal gold mines may be dwindling, there is a fervent hunt for technological gold. One notable modern-day gold rush centers around the development of
The highly-anticipated launch of a spot Bitcoin exchange-traded fund (ETF) in the United States could potentially take place right before Labor Day, according to Bloomberg Intelligence. The US Securities and Exchange Commission (SEC) is expected to respond to several applications from prominent asset managers, including BlackRock, Bitwise, WisdomTree, VanEck, and Invesco, in the coming days.
In a recent blog post, Hong Kong’s Financial Secretary, Paul Chan Mo-po, voiced his strong support for blockchain technology and its potential to drive “breakthrough growth” in the digital technology sector. This article delves into Chan’s remarks and explores the implications of Hong Kong’s embrace of blockchain and Web3 technologies on its future. Chan acknowledges
In a significant ruling on August 29, 2023, the United States Court of Appeals for the District of Columbia Circuit overturned a Securities and Exchange Commission (SEC) order, delivering a long-awaited victory to Grayscale Investments LLC in their lawsuit regarding the conversion of their Bitcoin Trust into a spot Bitcoin exchange-traded fund (ETF). The SEC
Crypto’s newest decentralized social media (DeSo) app, friend.tech, has found itself in hot water recently due to its decision to punish users who opt for forks or copycat versions of its tokenized social media platform. In an Aug. 28 tweet, the official friend.tech X account stated, “To make sure loyal users are rewarded fairly during
With the increasing popularity of cryptocurrencies, millions of investors are eagerly awaiting the next crypto bull run. As the crypto market experiences unprecedented growth, it is crucial to learn from the mistakes made during previous bull runs. Experts in the field have shared valuable insights and advice to help newcomers navigate this chaotic yet promising
Recently, three influential U.S. representatives expressed their concerns regarding stablecoin and crypto rules proposed by the Federal Reserve. The lawmakers who objected to these rules are Patrick McHenry, Chairman of the House Financial Services Committee; French Hill, Chairman of the Committee on Financial Services Subcommittee on Digital Assets; and Bill Huizenga, Chairman of the Committee
In a recent report by Arkham Intelligence, it has been alleged that popular trading platform Robinhood is in possession of a staggering $3 billion worth of Bitcoin. This revelation has sent shockwaves through the crypto community, sparking intense speculation and debate about the origins and significance of this monumental wallet. Arkham Intelligence’s findings indicate that
Binance, one of the leading cryptocurrency exchanges, has recently announced its decision to halt 39 liquidity mining pools due to its latest assessment. The platform has stated that these pools will cease operation on September 1, 2023, after failing to meet the assessment’s standards. This move comes as Binance aims to review listed liquidity pools
