Former Binance.US chief raises $20M for stablecoin network

There is still an element of the crypto “Wild West” in 2020, as cryptocurrency stolen through hacks and ransomware attacks is still being cashed out on major exchanges around the world. Ransomware attacks have proved to be a lucrative cash cow for cybercriminals over the past few years, with the United States Federal Bureau of…

Wuille will continue contributing to a new Multi-Signature standard for Bitcoin. Bitcoin Core developer Pieter Wuille has migrated from Blockstream to Chaincode Labs. Wuille has been with Blockstream from the beginning, having co-founded the company in 2014. When asked about Wuille's departure, Blocksteam’s CEO Adam Back said:“Pieter’s doing what he always has — working on…

Cryptocurrency exchanges registered in South Korea have overtaken their Maltese-registered counterparts by average daily trade volume in November. This is according to a report by cryptocurrency market data provider CryptoCompare, published Thursday, Dec. 6.The November edition of CCCAGG, a monthly crypto exchange review published by CryptoCompare, shows that South Korean exchanges, including Bithumb, Coinone, Korbit…

Popular trading platform Robinhood is creating a non-custodial crypto wallet that will be compatible with multiple blockchains.The wallet will be a standalone application with the ability to store nonfungible tokens (NFTs) and connect to NFT marketplaces. A promo video released for the wallet shows a demonstration using Ethereum (ETH) based NFTs. Trade and swap crypto…

South Korea’s Hashed has established a new fund to finance emerging blockchain startups 642 Total views 4 Total shares Hashed, one of South Korea’s largest crypto asset fund managers, has raised 120 billion won ($110 million) to fund new blockchain ventures in the so-called “protocol economy.”The funds were raised via Hashed Ventures Inc., a new…

After community approval, BIT holders will undergo a token-conversion process for the new Mantle token. Governance and treasury management will remain unchanged. 378 Total views 1 Total shares A proposal seeking to apply a "One Brand, One token" principle has been pushed to a vote on BitDAO's Snapshot and calls for substituting BitDAO's token (BIT)…

Circle’s USDC stablecoin has dropped from $45 billion in circulation at the start of 2023 to just $26 billion as the summer winds down. 97 Total views 3 Total shares Stablecoin issuer Circle has a $1 billion cash reserve pegged as insurance against a declining market capitalization and fresh competition from the traditional finance and…

The president of CoinFund says that the Bank for International Settlements “mix of fear, arrogance or ignorance” poses a threat to the entire financial industry. The Bank for International Settlements’ (BIS) push to isolate crypto markets and its controversial recommendations on DeFi and stablecoins is “dangerous” for the entire financial system, warns the head of