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Coinbase Confirms Circle’s USDC High Yield Operation
Coinbase Confirms Circle’s USDC High Yield Operation
News  -  Business  -  Aug 23, 2022 by CJ

A recent report has confirmed that Circle is paying interest to Coinbase and potentially other companies in exchange for holding funds in USDC. The information was released in Coinbase’s Q2 shareholder letter: “Interest income was $33 million, up 211% compared to Q1. The increase was primarily driven by our

Samsung Securities and Other Firms in South Korea File to Launch Cryptocurrency Exchanges
Samsung Securities and Other Firms in South Korea File to Launch Cryptocurrency Exchanges
News  -  Bitcoin  -  Aug 22, 2022 by Deniz Saat

According to local news source NewsPim, seven large domestic securities companies in South Korea have submitted applications to set up Bitcoin and cryptocurrency exchanges. NewsPim’s report only mentioned Samsung Securities and Mirae Asset Securities by name. It was also revealed that all seven companies submitted applications for initial clearance

Ripio Launches Prepaid Bitcoin and Crypto Card in Brazil
Ripio Launches Prepaid Bitcoin and Crypto Card in Brazil

According to Ripio CEO Sebastian Serrano, the Latin American Bitcoin and cryptocurrency platform has started distributing prepaid debit cards in Brazil that support Bitcoin and cryptocurrency payments. Additionally, the card offers up to 5% cashback rewards in Bitcoin (BTC). By the end of the year, Ripio plans to distribute up

News  -  Bitcoin  -  Aug 24, 2022
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Ripio Launches Prepaid Bitcoin and Crypto Card in Brazil
Ripio Launches Prepaid Bitcoin and Crypto Card in Brazil

According to Ripio CEO Sebastian Serrano, the Latin American Bitcoin and cryptocurrency platform has started distributing prepaid debit cards in Brazil that support Bitcoin and cryptocurrency payments. Additionally, the card offers up to 5% cashback rewards in Bitcoin (BTC). By the end of the year, Ripio plans to distribute up

News  -  Bitcoin  -  Aug 24, 2022
Coinbase Confirms Circle’s USDC High Yield Operation
Coinbase Confirms Circle’s USDC High Yield Operation

A recent report has confirmed that Circle is paying interest to Coinbase and potentially other companies in exchange for holding funds in USDC. The information was released in Coinbase’s Q2 shareholder letter: “Interest income was $33 million, up 211% compared to Q1. The increase was primarily driven by our

News  -  Business  -  Aug 23, 2022
Samsung Securities and Other Firms in South Korea File to Launch Cryptocurrency Exchanges
Samsung Securities and Other Firms in South Korea File to Launch Cryptocurrency Exchanges

According to local news source NewsPim, seven large domestic securities companies in South Korea have submitted applications to set up Bitcoin and cryptocurrency exchanges. NewsPim’s report only mentioned Samsung Securities and Mirae Asset Securities by name. It was also revealed that all seven companies submitted applications for initial clearance

News  -  Bitcoin  -  Aug 22, 2022
Independent Tether Attestation Shows a 58% Decrease in Commercial Paper Holdings
Independent Tether Attestation Shows a 58% Decrease in Commercial Paper Holdings

USDT issuer Tether Holdings Limited announced information from an independent attestation about the company’s performance over the preceding quarter. Tether’s assets were evaluated by renowned accounting firm BDO Italia, as of June 30th, 2022. Tether had previously stated that it would reduce its commercial paper holdings by the

News  -  Technology  -  Aug 20, 2022
Two Ukraine Tech Retailers Now Accept Bitcoin
Two Ukraine Tech Retailers Now Accept Bitcoin

According to a report from local news source Obozrevatel, two of the biggest technology retailers in Ukraine, Techno Їzhak and Stylus, now accept Bitcoin as payment for goods and services. Whitepay, a payment infrastructure provider, acts as the framework for facilitating transactions between customers and merchants. WhiteBIT is one of

News  -  Bitcoin  -  Aug 19, 2022
Australian Retailers Now Let Customers Pay for Gas, Snacks, and More With Bitcoin
Australian Retailers Now Let Customers Pay for Gas, Snacks, and More With Bitcoin

OTR, an acronym for “On the Run,” is South Australia’s leading convenience retailer. And in the spirit of convenience, the chain just announced a partnership to bring Bitcoin and cryptocurrency integration to hundreds of locations. The partnership is a major step for Australia in bringing Bitcoin and cryptocurrency connectivity

News  -  Bitcoin  -  Aug 19, 2022
Huobi’s HUSD Stablecoin Loses Dollar Peg
Huobi’s HUSD Stablecoin Loses Dollar Peg

According to data from CoinMarketCap, HUSD is the most recent stablecoin to lose its 1:1 parity with the U.S. dollar, as it fell by 15% on August 18th. HUSD is an ERC-20 token on the Ethereum blockchain and has been marketed as a secure stablecoin that combines the

News  -  Markets  -  Aug 18, 2022
New York Judge Allows Bankrupt Celsius to Mine and Sell Bitcoin
New York Judge Allows Bankrupt Celsius to Mine and Sell Bitcoin

A New York Judge has allowed Celsius Network to mine and sell Bitcoin as a means to get back financial stability. The decision came less than a day after the cryptocurrency lender presented a court filing with projections showing that it will run out of cash by October. The documents

News  -  Bitcoin  -  Aug 18, 2022
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