The platform will no longer be a stand-alone entity Coinbase and Circle released the same statements on their blogs on August 21, redefining the companies’ relationship. The two are responsible for launching the USD Coin stablecoin and previously managed the token via the Centre Consortium. The Centre Consortium “will no longer exist as a stand-alone
Checkout.com doesn’t want to work with the cryptocurrency exchange anymore The Binance cryptocurrency exchange is contemplating legal action against former payment provider Checkout.com. According to a spokesperson’s statement on August 18, the company isn’t pleased with the provider’s decision to walk away and break its contract. The possible legal conflict emerged after letters from Checkout.com
Not enough crypto fans have bought into the stablecoin alternative Stablecoin Tether has cited a lack of interest in the Bitcoin Omni Layer version of its stablecoin, and will discontinue issuing tokens. The version of Tether was among the first stablecoins developed. In an announcement on August 17, the team said the Bitcoin Cash and
Cryptocurrency miners may be able to improve their efforts using artificial intelligence Francesco Gardin, the CEO of Quantum Blockchain Technologies (QBT), recently announced in an interview with Cointelegraph that the UK research company is revolutionizing cryptocurrency mining through artificial intelligence (AI). It has reportedly developed AI-powered search algorithms that could significantly increase the winning probability
The Securities and Exchange Commission makes a surprising move to support the crypto space On Wednesday, Coinbase Global (COIN.O) revealed it had gained approval to offer cryptocurrency futures to retail customers in the U.S. This is a major regulatory win for the online crypto service as it fights a Securities and Exchange Commission (SEC) lawsuit.
The writing was already on the wall, but the company confirmed it’s going bust Prime Trust, a crypto custodian, has filed for Chapter 11 bankruptcy protection in Delaware after a recent shortfall in customer funds. According to a filing on August 15, the company has between 25,000 and 50,000 creditors, with estimated liabilities of between
The payments platform steps deeper into the crypto space with a new tool PayPal is taking another step forward with its plans to embrace cryptocurrency. The new Cryptocurrencies Hub is crucial to PayPal’s plan to reinvent the platform as crypto-inclusive and will allow users to buy and sell cryptocurrencies, among other features. The online payments
Crypto fans need to be extremely cautious with their holdings Digital asset infrastructure corporation Fireblocks has disclosed that more than 15 leading online crypto wallet providers have serious vulnerabilities that could potentially put millions of customer accounts at risk. Crypto fans should take note and protect their assets more than ever. Fireblocks said in an
Fenwick & West allegedly set up shell companies for the company, leading to a class-action suit Fenwick & West LLP, former primary counsel for FTX, will be facing a class-action suit that claims the firm assisted the crypto exchange’s alleged multibillion-dollar fraud scheme. A group of FTX customers filed the suit in a California District
The South American country is advancing its state-run cryptocurrency plans The Central Bank of Brazil’s digital currency (CBDC), previously known as the “digital real,” now has an official new name: the Drex. The Central Bank of Brazil issued a press release on August 7, divulging and describing the new brand for its CBDC. The brand
Although a hacker returned some of the money, most is still missing Decentralized finance (DeFi) protocol Curve Finance is offering a bug bounty to anyone that can identify the parties responsible for sapping over $61 million from its pools on July 30. Although some of the money was returned, there’s still a lot more out
The cryptocurrency exchange believes the regulator is conducting a witch hunt Coinbase Chief Legal Officer Paul Grewal said the company would seek to dismiss the lawsuit filed by the Securities and Exchange Commission (SEC), asserting that the crypto exchange never sold securities as alleged. Coinbase plans to file an order seeking dismissal of the SEC
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