Stablecoin issuer and fintech firm Circle announced a strategic partnership with Philippines-based digital asset provider Coins.ph to improve the existing remittance landscape of the region. The partnership seeks to promote the use of USDC-denominated remittances as a safe, affordable, and nearly instantaneous method for international money transfers among Coins.ph’s 18 million Filipino user base. Circle...Read More
The crypto industry’s fundraising efforts have taken quite a hit owing to the incessant crypto winter. Q3 was no exception. The latest data suggest that new record lows were set for both the total funding amount and the number of deals during this period, reaching levels not seen since Q4 2020. The quarterly figures fell...Read More
Finance Ministers and Central Bank Governors (FMCBGs) from G20 nations, under the Indian Presidency, have announced unanimously adopting the ‘G20 Finance Ministers and Central Bank Governors Communique’ during its meeting in Marrakesh, Morocco. This comes a month after the G20 member nations accepted the crypto regulatory roadmap outlined in a collaborative report titled “IMF-FSB Synthesis...Read More
In the latest twist, Terraform Labs, a defunct crypto network, is accusing Citadel Securities of participating in intentional efforts to destabilize its stablecoin TerraUSD classic (USTC) in 2022, eventually leading to its demise. This comes as both Terraform Labs and its founder, Do Kwon, continue to face legal troubles. Terraform Labs Accusing Citadel In a...Read More
In a wild twist of fate, the crypto world’s foundation trembled as the FTX empire crumbled last year, leaving its founder, Sam Bankman-Fried, standing trial for a fraud of epic proportions. The US government asserts that this disgraced crypto mogul orchestrated one of the grandest financial deceptions in history, while his defense paints him as...Read More
The market underwent a correction this week, influenced by rising inflation and interest rates. Bitcoin’s price stabilized in a balanced zone below $27K, sparking a shift in market sentiment. While leading altcoins struggled to deliver strong performances, numerous emerging projects captured attention this week, satisfying investors with their achievement of short-term price goals. Nonetheless, traders...Read More
