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Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed by New York regulators, according to a statement from CEO Jeremy Allaire. “The 1:1 redeemability of all USDC in circulation is of paramount importance to Circle,” Allaire emphasized. Crypto Firms Scramble for … Read more
The Satoshi Revolution: A Revolution of Rising Expectations Section 4: State Versus Society Chapter 9, Part 7 The Jiu-Jitsu of Crypto: Personal Freedom vs Social Change. It is often assumed that power derives from violence and can be controlled only by greater violence. Actually, power derives from sources in the society which may be restricted … Read more
A year ago, it would have been difficult to believe that major governments throughout the world would delve into the world of cryptocurrency. However, with last summer’s price explosion, nations worldwide have begun to approach cryptocurrency from a number of angles. While cryptocurrency was first conceived as a tool to arm citizens against financial institutions … Read more
The Satoshi Revolution: A Revolution of Rising Expectations. Section 2 : The Moral Imperative of Privacy Chapter 7: Decentralization Decentralization (Chapter 7, Part 1) A lot of people automatically dismiss e-currency as a lost cause because of all the companies that failed since the 1990’s. I hope it’s obvious it was only the centrally controlled … Read more
