In a joint statement, Jeremy Allaire, CEO of Circle, and Brian Armstrong, CEO of Coinbase, announced the dissolution of the Centre Consortium. Consequently, Circle will take exclusive charge of the issuance and governance of USDC. Additionally, Coinbase has acquired an equity stake in Circle while signaling a stronger commitment to stablecoins.
Circle, Coinbase Dissolve USDC’s…
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Ethereum co-founder Vitalik Buterin has transferred 600 Ether (ETH) worth around $1 million to Coinbase as market uncertainty looms. According to on-chain data from Etherscan, a wallet controlled by Buterin Vitalik.eth transferred the assets on Aug 21. At press time, the wallet still holds 3,900 ETH worth approximately $6.5 million. … Read More: Ethereum Co-founder Vitalik…
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Circle will take on full operational and governance responsibility after five years, thanks to increased regulatory clarity. Coinbase and Circle have redefined their relationship, according to identical announcements on the Coinbaseand Circle blogs on Aug. 21. The two organizations jointly launched the USD Coin (USDC) stablecoin and have until now governed the token through the…
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The United States crypto exchange has increased its offer for discounted debt by 3%. Crypto exchange Coinbase has raised the offer on its $150 million debt buyback program after lukewarm demand. In an Aug. 21 announcement, Coinbase revealed that since the buyback program went into effect earlier this month, investors have tendered just over $50…
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Coinbase’s offshore derivatives exchange has experienced a significant surge in trading activity, with volumes approaching $300 million per day. According to data from The Block’s data dashboard, Coinbase International, which facilitates trading in perpetual futures contracts, has consistently surpassed $100 million in daily volumes since August 14. On August 18, the platform’s volumes reached an impressive $287…
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In an email dated August 17, Coinbase, a cryptocurrency exchange, revealed its decision to halt trading of Tether USDT, Dai DAI, and RAI stablecoins for Canadian users starting August 31. This surprising development comes shortly after Coinbase’s recent announcement of its complete expansion into the Canadian market, including trading the largest stablecoin globally, Tether. … Read…
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Analysts at investment bank JMP Securities have said that an approval received by Coinbase to offer crypto futures trading can be taken as evidence of crypto’s resilience in the US. In a note to clients that was cited by The Block, the analysts said the approval “adds validation” to the domestic crypto sector in the…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Polygon Labs and Mobile Giant SK Telecom Sign a Web3 Deal, Coinbase Partners With Trustly for Payments in Canada, Singaporean Police Arrest Ten Foreigners and Seize Crypto Read…
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Users will still be able to deposit and withdraw USDT, DAI, and RAI after the deadline, but trading will be suspended. Cryptocurrency exchange Coinbase will suspend trading of Tether (USDT), DAI, and RAI stablecoins for Canadian users beginning August 31. In an August 17 email notice to users, Coinbase said that “we regularly monitor the…
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The industry should build trust with retail consumers as Canada shifts to a digital economy, says Coinbase’s country director for Canada, Lucas Matheson. Canadians are starting to look at digital assets as more than just speculative investments, seeing them instead as legitimate assets for everyday transactions, according to Coinbase’s country director for Canada. Speaking to…
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