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US Government Plans to Use USDC Stablecoin to Offer Foreign Aid in Venezuela

US Government Plans to Use USDC Stablecoin to Offer Foreign Aid in Venezuela

U.S government has tapped Circle’s USDC stablecoin to offer foreign aid in Venezuela through President-elect Juan Guaidó exiled government.

Stellar Development Foundation Injects $5 Million Into Crypto Wallet Abra to Leverage Products Expansion

Stellar Development Foundation Injects $5 Million Into Crypto Wallet Abra to Leverage Products Expansion

Abra is a crypto-financial services app that gives users exposure to cryptocurrency and stock investments. On the other hand, The Stellar Development Foundation is a non-profit, which supports the development of the Stellar network. The Stellar Development Foundation said that its investment would help Abra to expand its services and products on the Stellar network. Abra CEO Bill Barhydt stated that his team will leverage Stellar’s ability to use traditional banking infrastructure as it builds yet more banking tools.

Chainalysis Valued at Over $1 Billion after Raising $100 Million to Expand Regulatory Platform As Crypto Market Surges

Chainalysis Valued at Over $1 Billion after Raising $100 Million to Expand Regulatory Platform As Crypto Market Surges

Blockchain analytics firm, Chainalysis, announced yesterday that it has secured a $100 million Series C financing bringing the company’s valuation to over $1 billion.

Why The U.S. SEC Should Approve Its First Bitcoin ETF

Why The U.S. SEC Should Approve Its First Bitcoin ETF

The US SEC should approve its first Bitcoin ETF products, a move that can enable more mainstream investors to get exposure to the digital asset.

Digital Assets Market Update 12 August 2019

Digital Assets Market Update 12 August 2019

Latest news and updates from the digital assets market

ConsenSys Acquires US Brokerage Firm to Tokenize Outdated Municipal Bonds Market

ConsenSys Acquires US Brokerage Firm to Tokenize Outdated Municipal Bonds Market

ConsenSys has made a major acquisition of a U.S brokerage Firm to put traditional municipal bonds on the blockchain.

Blockchain Solution in Healthcare: Google Secretly Collects Health Data From U.S Patients

Blockchain Solution in Healthcare: Google Secretly Collects Health Data From U.S Patients

Blockchain provides a fourth model that can enable secure sharing of lifetime health data across providers and business partners. The use of blockchain is a potential solution to the case associating Google to have reportedly collected medical data from U.S patients in secret.

U.S. Financial Regulators Warn Crypto Firms to Tighten Stablecoin AML Risk Controls

U.S. Financial Regulators Warn Crypto Firms to Tighten Stablecoin AML Risk Controls

U.S. regulators have issued a strict warning on money laundering risks associated with stablecoins and has warned providers to tighten AML protections and controls.

Gemini Eyes Singapore Expansion With New Asia Pacific Managing Director

Gemini Eyes Singapore Expansion With New Asia Pacific Managing Director

The Gemini crypto exchange, owned and operated by the Winklevoss’ Twins, has set its sights into a further expansion into the Asian market with the hiring of Jeremy Ng as Managing Director for Asia Pacific. Ng was formerly the CEO of Leonteq Asia.

PayPal Payment Giant to Expand Cryptocurrency Offerings to UK Market Within Months

PayPal Payment Giant to Expand Cryptocurrency Offerings to UK Market Within Months

PayPal has revealed a brief timeline, indicating the expansion of its crypto business to the UK market in a few months’ time.

Credit Giant MasterCard Grants Wirex First Principal Membership License

Credit Giant MasterCard Grants Wirex First Principal Membership License

Wirex has become the first native cryptocurrency platform to be granted a principal membership license from credit giant Mastercard as part of their accelerated expansion into digital assets.

Binance Follows Bybit in Appointing Top Compliance Official

Binance Follows Bybit in Appointing Top Compliance Official

Maxwell Baucus, former U.S. senator and ambassador to China, has joined Binance. The top official will become policy advisor and government liaison to the exchange. Given Baucus’s influence in US political circles, the move should support Binance’s expansion efforts within North America, where its Binance US platform operates.

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