Ripple's newest head of U.S. public policy previously worked in similar roles at Softbank Group, Zoom, and Lyft following six years in government.
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Circle launches native euro stablecoin on Stellar
Stablecoin issuer Circle has launched a Stellar network version of its euro-backed stablecoin, EURC, according to a Sept. 26 announcement. EURC was previously only available on the Ethereum and Avalanche networks.
Stablecoins, or fiat-backed crypto tokens, have become an essential component of the Web3 ecosystem. They allow users to send payments, borrow currency, lend it out for interest, and perform other fiat-currency related actions on blockchain networks. U.S. dollar-backed USD Coin (USDC) and Tether (USDT) are currently the sixth and seventh largest cryptocurrencies by market cap. Tether’s contract the third-largest consumer of gas fees on Ethereum, according to Etherscan.
However, most stablecoins are backed by the U.S. dollar. If a user wants to send Web3 payments denominated in their local currency, there currently aren’t many options.
USDC-issuer Circle attempted to help solve this problem in 2022 by launching EUROC, a euro-backed stablecoin on Ethereum. According to research published by the Bank of International Settlements, the euro is the second most traded fiat currency in the world. It is currently the official currency for 20 countries in Europe. On May 25, Circle launched a native version of EUROC on Avalanche, and on September 23 it was renamed “EURC.”
Related: ABN Amro issues 5M euro digital green bond through Polygon-powered Tokeny
Circle launches native euro stablecoin on Stellar
The EURC stablecoin (formerly EUROC) is now available on Stellar in addition to Ethereum and Avalanche.
Circle launches native euro stablecoin on Stellar
The EURC stablecoin (formerly EUROC) is now available on Stellar in addition to Ethereum and Avalanche.
Gemini invests $24M for expansion in India
Launched in May, the Gemini Gurgaon Hub has since added over 70 staff.
US Federal Reserve Banks say stablecoins could ‘become a source of financial instability’
The report compares stablecoins to money market funds and ultimately concludes they have similar shortcomings.
Do Bitcoin halvings spark BTC price rallies, or is it US Treasurys?
An intriguing chart shows a close relationship between U.S. 10-year Treasurys and Bitcoin halving price rallies.
Bahrain’s Bank ABC using JPMorgan’s Onyx blockchain for cross-border payments
After two years of experiments, JPMorgan and the Bahraini bank will offer U.S. dollar payment settlement in several countries, with plans to expand to euro service as well.
US Treasury sanctions Ethereum wallet tied to cartel over 'illicit fentanyl trafficking'
An ETH wallet tied to Mexican national Mario Alberto Jimenez Castro was allegedly used for illicit fentanyl sales in the United States.
Kraken secures money license registrations in Spain and Ireland
The move follows the crypto exchange's successful VASP registration in Italy.
Bitcoin analysts flag key BTC price points as bulls cling to $26K
BTC price support and resistance lines in the sand are crystallizing amid a fresh bout of low volatility for Bitcoin.
Immunefi launches on-chain bug bounties through ‘Vaults’ system
The Web3 security platform now allows projects to deposit bounty funds to a Safe smart contract, proving the funds are available.
JPMorgan’s subsidiary Chase UK to restrict crypto transactions
Starting from Oct. 16, Chase Bank customers in the United Kingdom will no longer be able to make crypto transactions.
JPMorgan’s subsidiary Chase UK to restrict crypto transactions
Starting from Oct. 16, Chase Bank customers in the United Kingdom will no longer be able to make crypto transactions.
US gov’t messed up my $250K Bitcoin price prediction: Tim Draper, Hall of Flame
Tim Draper’s first big Bitcoin prediction came off without a hitch, but he says the current administration is making his second one look bad.
US gov’t messed up my $250K Bitcoin price prediction: Tim Draper, Hall of Flame
Tim Draper is a prominent venture capitalist, the founder of Draper University and the creator of the Meet The Drapers television series. He invested early in Tesla, SpaceX and Coinbase and has 254,000 followers on X.
“Let me get my second prediction to actually happen, and then we’ll move on to other predictions,” Tim Draper tells Hall of Flame, refusing to be drawn on price predictions for XRP and Ethereum.
This makes sense, given it’s been six years since he forecast that Bitcoin would reach $250,000 by 2022.
Spoiler alert: It didn’t.
Which is not to say it won’t happen eventually, as Draper has been pretty far-sighted in the past.
US gov’t messed up my $250K Bitcoin price prediction: Tim Draper, Hall of Flame
Tim Draper is a prominent venture capitalist, the founder of Draper University and the creator of the Meet The Drapers television series. He invested early in Tesla, SpaceX and Coinbase and has 254,000 followers on X.
“Let me get my second prediction to actually happen, and then we’ll move on to other predictions,” Tim Draper tells Hall of Flame, refusing to be drawn on price predictions for XRP and Ethereum.
This makes sense, given it’s been six years since he forecast that Bitcoin would reach $250,000 by 2022.
Spoiler alert: It didn’t.
Which is not to say it won’t happen eventually, as Draper has been pretty far-sighted in the past.
US gov’t messed up my $250K Bitcoin price prediction: Tim Draper, Hall of Flame
Tim Draper’s first big Bitcoin prediction came off without a hitch, but he says the current administration is making his second one look bad.
US gov’t messed up my $250K Bitcoin price prediction: Tim Draper, Hall of Flame
Tim Draper’s first big Bitcoin prediction came off without a hitch, but he says the current administration is making his second one look bad.
US gov’t messed up my $250K Bitcoin price prediction: Tim Draper, Hall of Flame
Tim Draper’s first big Bitcoin prediction came off without a hitch, but he says the current administration is making his second one look bad.