Coinbase Raises $300 Million, Reaching $8 Billion Valuation

The San Francisco-based cryptocurrency exchange and brokerage service Coinbase announced on Tuesday that it had raised $300 million in series E equity funding. This latest round confirms Coinbase’s status as the largest cryptocurrency organization of its kind, bringing its market valuation up to $8 billion. Also read: Bitstamp Confirms Acquisition by South Korean Company Coinbase Raises … Read more

Regulations Roundup: SEC Considers Crypto Fund Criteria, South Korea Warns Investors

In this edition of Regulations Roundup, we focus on the U.S. Securities and Exchange Commission’s (SEC) ongoing discussions with companies that are interested in setting up cryptocurrency funds. We also look at a recent warning by the South Korean financial regulator about virtual currency investments, as well as a call by the CEO of U.S. … Read more

Coinbase And Circle Form A Joint Venture To Boost Circle’s Stablecoin

They may have been fierce competitors in the past, but Coinbase and Circle have now come together to boost Circle’s USDC stablecoin. Known as the CENTRE Consortium, the joint venture between the two industry giants aims to take the lead in the stablecoin market by ‘establishing the standards required and building the technology needed for … Read more

The Daily: Circle Launches New Research Portal and Trading Apps

Some editions of The Daily are so overflowing with news there simply isn’t time for a cleverly worded introduction. So without further ado, here’s what’s coming up in this installment: Circle has launched a string of new initiatives, including a research portal and the Poloniex mobile app, Roger Ver’s comments about a BCH-powered Bitcoin.com crypto … Read more

Crypto Exchanges Today: Poloniex Delists Three Assets, Gemini Secures Insurance From Aon

Poloniex has announced that it will delist three assets in a bid to continuously improve and professionalize its platform. The three assets, AMP, GNO and EXP will be delisted on October 10 and users who hold these assets have until October 9 to withdraw their balances. Poloniex also announced that it will remove margin trading … Read more

The Daily: Wall Street-Backed Crypto Futures, Market Manipulation as a Service

Cryptocurrency attracts a diverse crowd, from speculators to scammers, and from financiers to gamblers. These groups, and their often opposing aims, are what make the cryptoconomy such a strange yet compelling place. In today’s edition of The Daily, for instance, we’ve got stories pertaining to a Wall Street-funded futures exchange, another US platform ending its … Read more

Circle Enters the Stablecoin Races With USDC

Stablecoin mania is showing no signs of abating. Within a week of Gemini launching its US dollar-pegged coin, Circle has followed suit. Named “USD Coin” (USDC), the ERC20 token has made its debut on Poloniex, the US exchange Circle purchased earlier this year. Also read: A Complete A-Z of Stablecoins Circle’s Stablecoin Is Good to Go … Read more