Explore the intersection of business, finance, blockchain, and crypto innovation driving the global economy.
Key Takeaways Ripple acquired Hidden Road for $1.25 billion, becoming the first crypto company with a global multi-asset prime broker. The deal enables Hidden Road to use Ripple USD as collateral and migrate post-trade activity […]
Stablecoins are gaining significant traction across Asia as regulators and financial institutions embrace these blockchain-based assets, industry leaders said at Hong Kong’s Web3 Festival this week. While the United States moves toward legislation on stablecoins, […]
Authorities in Spain have arrested six people who helped operate a global AI-powered investment scam that stole over $20 million from at least 208 victims. The scammers would swindle victims up to three times. After […]
Investors who bid on the REAL (REAL) token promoted by former UFC champion Conor McGregor will receive a full refund after the project failed to raise above its $1 million minimum requirement. “We need to […]
Key Takeaways Circle is planning an IPO in late April with JPMorgan and Citi as partners. The USDC issuer aims for a $4 to $5 billion valuation in one of 2024’s largest crypto offerings. Share […]
Circle, the issuer of the USDC stablecoin, has reportedly delayed its plans to go public. This is due to the growing financial market instability triggered by Trump’s sweeping import tariffs and China’s earlier retaliation. Multiple […]
The United States Securities and Exchange Commission (SEC) released a statement on April 4 establishing guidelines for stablecoins. In an April 4 statement, the agency minted a new term, “covered stablecoins,” classifying them as non-securities […]
Cango, a publicly traded Chinese conglomerate, has agreed to sell its legacy China operations to an entity associated with peer Bitmain in a bid to go all-in on Bitcoin (BTC) mining, according to a report […]
Key Takeaways Circle has filed for an IPO with SEC to list on NYSE under the ticker CRCL. The IPO comes as Congress advances stablecoin legislation and Trump-backed World Liberty Financial announces plans to launch […]
Former FTX CEO Sam Bankman-Fried, also known as SBF, lost an initial appeal to return to being free on bail prior to his criminal trial. In a Sept. 6 filing in the United States Court […]
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