News Explorer — Coinbase Buys Stake in Circle, Dissolving USDC Issuer Centre

Centre Consortium, the issuer of the second-largest stablecoin USDC, has been dissolved as Coinbase acquires a minority share in Circle Internet Financial. Circle will now be the sole issuer of USDC, with any governance and operations responsibilities brought in-house. The revenue from interest earned on the dollar reserves backing USDC tokens will be shared equally between Circle and Coinbase.

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Friend.tech Founders Say Viral Crypto App Is Surprising Them Too: ‘We Want to Catch Our Breath’

Friend.tech, the decentralized social media platform built on Coinbases Base scaling network for Ethereum, has generated… Read Summary

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Friend.tech Is Crypto’s Latest Obsession—But Critics Say It Won’t End Well

Friend.tech, a decentralized social media app, has gained significant popularity in just ten days after its launch. It h… Read Summary

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Decrypt

Coinbase Buys Stake in Circle, Dissolving USDC Issuer Centre

Centre Consortium, the issuer of the second-largest stablecoin USDC, has been dissolved as Coinbase acquires a minority… Read Summary

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Decrypt

‘Disappointing’ ETF Decisions By SEC Blamed for Bitcoin Selloff

The lack of decision-making by the SEC regarding a Bitcoin ETF has disappointed institutions, leading to a significant s… Read Summary

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‘Disappointing’ ETF Decisions By SEC Blamed for Bitcoin Outflows

The lack of decision-making by the SEC regarding a Bitcoin ETF has disappointed institutions, leading to a significant s… Read Summary

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Crypto Fund Misled Clients With Promises of 2,700% Returns, SEC Claims

Titan Global Capital Management has agreed to pay over $1 million in fines to the SEC for misleading investors about its… Read Summary

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Aug 21, 9:57 am

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Kenyan Government Launches Committee to Examine Worldcoin

The Kenyan government has formed a parliamentary committee to investigate Worldcoin, following the suspension of its ope… Read Summary

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Aug 21, 6:49 am

The Block

The FBI Has Confiscated $1.7 Million Worth of Cryptocurrency

The Federal Bureau of Investigation (FBI) has seized nearly $1.7 million worth of cryptocurrency between March and July… Read Summary

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Aug 21, 7:05 am

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Terra Warns Users About Hacked Website Enlisted in Phishing Attacks

Terra has issued a warning to its users to avoid interacting with sites using the terradotmoney domain, as it was hacked… Read Summary

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Aug 21, 6:09 am

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China Is Taking Its Social Credit System to the Metaverse: Report

China Mobile, a state-owned telecom firm, has proposed creating a Digital Identity System to bring its controversial soc… Read Summary

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Aug 21, 5:41 am

The Block

Friend.tech User Details Leaked, Including Ethereum Addresses and Twitter Usernames

A leaked database containing critical user details from the friend.tech platform has been published on GitHub by Banteg,… Read Summary

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Aug 21, 2:59 am

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Another Lucky Solo Miner Nabs $160,000 Bitcoin Block Reward

A Bitcoin miner using the Solo CKpool mining service has successfully solved block 803,821 and earned the full 6.25 Bitc… Read Summary

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Aug 21, 2:22 am

Decrypt

Pepe, Shiba Inu Face Hefty Weekly Losses Dropping More Than 20%

Meme coins Pepe (PEPE) and Shiba Inu (SHIB) have experienced significant losses in value over the past week. PEPE has dr… Read Summary

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Aug 21, 2:07 am

Decrypt

Crypto App Friend.tech Lures Waves of Users and Rakes in the Revenue

The Friend.tech app, built on the Coinbase-incubated Ethereum layer2 Base, has experienced a surge in activity since its… Read Summary

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