Business

Shoppers in Singapore can now use crypto to pay for gadgets on the Sony Store Online.  In a statement on Tuesday, Sony Electronics Singapore said it has enabled USDC payments through crypto exchange Crypto.com’s payment service, marking the company’s first local move into direct crypto transactions. The feature allows customers to check out using USDC, […]

Key Takeaways Circle has filed for an IPO with SEC to list on NYSE under the ticker CRCL. The IPO comes as Congress advances stablecoin legislation and Trump-backed World Liberty Financial announces plans to launch a stablecoin. Share this article Circle, issuer of the second largest stablecoin USDC, filed for an initial public offering with

Crypto exchange provider Coinbase Global receives half of Circle’s residual revenue generated from reserves backing its USDC stablecoin, according to new details disclosed in Circle’s IPO filing. In an S-1 filing submitted to the Securities and Exchange Commission on Tuesday, Circle revealed Coinbase receives 50% of the “residual payment base”—a portion of revenue explicitly derived

Tokyo Stock Exchange-listed firm Metaplanet just grabbed another 696 Bitcoin (BTC)—its most recent step in a bid to build one of the largest corporate Bitcoin treasuries in the world. The Japanese investment company said it had acquired the coins as part of its Bitcoin Income Generation strategy, which involves selling put options and using the

A member of the California State Assembly has introduced an amendment to a recently introduced money transmission bill that would protect the ability of state residents to use cryptocurrencies as a means of payment. First introduced by Democrat Senator Laura Richardson on February 20 as the Money Transmission Act, the bill had been concerned primarily with

OpenAI said Monday it has secured an additional $40 billion in funding to support research and development, as the tech powerhouse looks to strengthen its lead in the artificial intelligence sector. Japanese conglomerate SoftBank led the funding round, as well as contributions from other investors, including longtime partner Microsoft,  OpenAI said in a blog post.

Key Takeaways Circle is planning an IPO in late April with JPMorgan and Citi as partners. The USDC issuer aims for a $4 to $5 billion valuation in one of 2024’s largest crypto offerings. Share this article Circle, the company behind USDC, one of the world’s leading stablecoins, is collaborating with JPMorgan Chase and Citi

Smoke from Nicaraguan cigars choked out the room as a heavy-set Bitcoin miner from the Deep South explained how the industry was expanding at an exponential rate.  “You have no idea,” he said at this year’s Mining Disrupt pre-party in Fort Lauderdale, Florida, before following up with the common Bitcoiner maxim—repeated by President Trump on

The NASDAQ exchange has applied to the U.S. Securities and Exchange Commission to list shares of an Avalanche exchange-traded fund issued by crypto asset manager Grayscale. The 19b-4 form for Grayscale’s AVAX ETF follows its registration as a Delaware Trust entity more than two weeks ago.  If approved, the AVAX ETF would use Coinbase Custody