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” MoneyGram’s USDC transfer service launches in several countries “ Cross-border transfer service MoneyGram officially launched its stablecoin-powered payment channel on Friday, giving users the ability to send USD Coin (USDC) payments worldwide that can be withdrawn as cash by recipients. The service is being rolled out across several key remittance markets, including Canada, the…
” Bermuda confirms crypto hub ambitions despite market downturn “ The Bermuda government is pushing on with its ambitious plans to become a cryptocurrency hub despite the massive market downturn in 2022. The small island territory known for its pristine pink sand beaches and attractive taxation policies has been actively expanding its crypto sector since…
” Crypto giants co-launch Chainabuse platform to water down rising scams “ Seven major crypto companies — Binance.US, Circle, Solana Foundation, The Aave Companies, Hedera, TRM Labs and Civic — joined hands to launch a community-driven scam reporting tool. Named Chainabuse, the tool aims to enable crypto users to issue warnings and discuss ongoing fraudulent…
” KuCoin to launch DeFi products in 2022 with fresh $150M raise “ The global cryptocurrency exchange KuCoin aims to go beyond centralized trading services and focus on Web3 with new funding backed by firms like Circle Ventures. The KuCoin cryptocurrency exchange officially announced on May 10 a $150 million pre-Series B funding round, bringing…
” Crypto lender Maple Finance expands support to Solana “ Crypto capital markets platform Maple Finance has expanded support to the Solana blockchain and has deployed a $45 million fund to spur ecosystem growth. Maple provides undercollateralized loans for institutional borrowers on Ethereum (ETH) and now Solana (SOL) from several pool delegates. The project stated…
” Crypto Biz: An eye-opening chat with Mr. Wonderful, April 7–13, 2022 “ The past seven days have reminded me of how lucky I am to have forged a career in the Bitcoin (BTC) and cryptocurrency industry. Cointelegraph sent a contingency of reporters to the Bitcoin conference in Miami, where we got to chop it…
” BlackRock joins stablecoin issuer Circle’s $400M funding round “ Circle, a major peer-to-peer payments firm and the principal operator of the UDC Coin (USDC), has announced a $400 million funding round and a new partnership with the American investment firm BlackRock. The USDC issuer has entered into an agreement for a funding round featuring…
” Binance.US completes $200M seed round to hit $4.5B valuation “ Binance.US, the American partner of Binance, the world’s largest cryptocurrency exchange by trading value, has completed its first-ever external funding from investors like Circle Ventures. Binance.US has raised more than $200 million in a seed round to reach a pre-money valuation of $4.5 billion,…
“# Crypto Biz: Stablecoins are serious business, Feb. 17-24 ” Stablecoins used to be a sort of taboo subject in the crypto community after it became common practice to criticize Tether’s reserve backing. Are you really a seasoned crypto investor if you haven’t gone down the USDT rabbit hole? Some of those concerns were finally…
“# Circle’s valuation doubles to $9B following revised merger agreement with Concord ” USD Coin (USDC) operator Circle has seen its valuation double to $9 billion after the company revised its merger agreement with Concord Acquisition Corp, a special purpose acquisition company (SPAC) founded in 2020. Circle announced Thursday that it had terminated its previous…