Coinbase Launches Wrapped Ethereum Liquid Staking Token Ahead of The Merge

August 25, 2022 Bitcoin.com

bitcoin.com

The cryptocurrency exchange Coinbase has introduced a new liquid staking ethereum derivative token ahead of Ethereum’s proof-of-stake (PoS) upgrade. The new ERC20 utility token is called coinbase wrapped ethereum, or CBETH, and it will allow people to stake their ether in a non-custodial fashion or trade the tokens on the open market. Coinbase Reveals CBETH […]

‘BITSANITY’ — Records broken with B in volume for Bitcoin stocks, ETFs

‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs

Centre Consortium Working to Create ‘Global Network’ of Stablecoins

September 1, 2021 Bitcoin.com

bitcoin.com

Centre, the consortium created by Circle and Coinbase around USD coin (USDC), has assembled a team of new executives to power its expansion overseas. The new team, comprising six new executives assembled by David Puth, CEO of Centre, will look to support new partners and add new alliances to keep the company growing in the […]

‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs

Circle Publishes USDC Attestation, Reserve Report Reveals Segregated Accounts in USD-Denominated Assets

July 20, 2021 Bitcoin.com

accountant

On July 20, the CEO of Circle Internet Financial LLC., Jeremy Allaire, published a blog post that explains the firm’s dollar-pegged stablecoin is backed by “prioritized trust, transparency, and accountability.” Allaire’s blog post follows a letter from the Centre Consortium’s accountant, Grant Thornton explaining that the stablecoin’s reserve account information matches the accompanying reserve account […]

‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs

Circle to Go Public via Bob Diamond-Backed SPAC Deal — Boston Firm Valued at $4.5 Billion

July 8, 2021 Bitcoin.com

Circle to Go Public via Bob Diamond-Backed SPAC Deal — Boston Firm Valued at .5 Billion

Ark Invest

The Boston-based crypto financial company Circle has announced the firm plans to go public this year in a merger with Concord Acquisition Corp. Circle revealed the news on Thursday and noted that the company expects to close the deal in Q4 with a valuation of $4.5 billion. Circle Announces SPAC Deal With Plans to Go […]

‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs

Centre to Expand USDC to Ten More Blockchains; Launches on Tron

July 1, 2021 Bitcoin.com

Avalanche

Centre, the consortium behind the issuance of USD Coin (USDC), announced it will launch the popular asset on 10 more blockchains. This would expand the reach of USDC to other environments and could make it more popular as a commercial and staking currency. While Centre made the announcement only recently, USDC surprisingly launched on Tron […]

‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs

Coinbase Launches High Yield USDC Accounts With 4% APY

June 30, 2021 Bitcoin.com

4% APY

Coinbase, the largest exchange in terms of crypto reserves held, has announced the introduction of a savings program tied to usd coin. The company’s high yield USDC savings program allows customers to gain 4% APY interest on stablecoin accounts. Coinbase Reveals USDC Savings Program With Interest Rates Eight-Times Higher the national average The cryptocurrency exchange […]

‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs

USDC Attestations Run Late, Raising Alarms in the Crypto Community

May 25, 2021 Bitcoin.com

attestations

USDC, the second most popular stablecoin in the cryptocurrency market, is late in releasing its attestations, which are documents that certify the number of dollars the custodian Centre holds in banks. The last attestation available for the currency dates back to February when the currency had a market cap of nine billion dollars. This fact […]

centre