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“# Circle enables seamless USDC-USD transfers, providing a bridge from banks to DeFi ” Circle, the company behind the second most popular stablecoin USD Coin, has rolled out a new API that will allow for the seamless transfer of USDC to USD via automated clearinghouse (ACH) systems. The first exchange to adopt the new API…
“# Social trading platform eToro ended 2020 with $600M in revenue ” Exchange platform eToro is coming off a stellar year of growth, as novice traders seek new pathways into the financial markets, including cryptocurrency. The online brokerage firm ended 2020 with gross revenue of $600 million, with total trading volume surging 40% to $1.5…
“# Human Rights Foundation CSO urges Time readers not to ‘demonize’ Bitcoin ” Alex Gladstein, chief strategy officer at the Human Rights Foundation, is warning Americans about the narrative coming from media outlets reporting on crypto and other privacy tools. In an article for Time Magazine published today, Gladstein said that many news outlets covering…
“# Bitmain CEO announces departure in the most crypto way ” The power struggle between Bitmain co-founders Micree Zhan and Jihan Wu appears to be at an end. In a tweet on January 26, Wu announced his decision to step down from the company. The now former CEO and Chairman of Bitmain sent out an…
“# Injecting Apple-like ‘quality-control’ into DeFi is what we need ” If you’re an Apple App Store user, then you’re probably aware of the recent legal drama surrounding the updates to the App Store guidelines. It’s a reasonably open secret that the App Store is designed to be at its core, more difficult for app…
“# BlackRock’s entry reflects a change in institutional outlook on crypto ” On Jan. 20, BlackRock, the world’s largest asset manager with over $8.7 trillion assets under management, appeared to have given the green light to two of its associated funds, BlackRock Global Allocation Fund Inc. and BlackRock Funds, to invest in Bitcoin futures. In…
“# American Cancer Society launches first-ever Crypto Cancer Fund ” In collaboration with crypto donations company The Giving Block, the American Cancer Society has set up the Cancer Crypto Fund, which seeks to raise at least $1 million by early 2021 to fund ongoing research initiatives. Donations to fund cancer research plunged 50% in 2020,…
“# Overstock spins its blockchain subsidiary into crypto investment fund ” Online technology retailer Overstock is converting its blockchain investment wing into a cryptocurrency-focused investment fund, as it seeks to maximize profits amid the crypto boom. Overstock.com announced on Jan. 25 that its wholly owned blockchain-focused subsidiary, Medici Ventures, will become a limited partnership fund, pending…
“# Signal reportedly exploring crypto payment features ” Privacy-focused messaging app Signal is reportedly devoting resources towards the development of a cryptocurrency payments service for its users. According to a report by Casey Newton, the founder of the technology newsletter service Platformer, Signal is mulling crypto payment integration on the app. The report claims that…
“# Winklevoss’ Gemini pushes presence in Asia, supports Singapore dollar ” Gemini, a cryptocurrency exchange founded by the Winklevoss brothers, continues to strengthen its global presence by tapping into the Singaporean market. On Jan. 25, Gemini announced a roll-out of several new features for its platform in Singapore, including the support of the Singapore dollar…