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The masterminds behind the alleged cryptocurrency Ponzi scheme called Bitstream Circle are believed to have stolen more than $10 million in investor funds. The alleged theft became apparent on March 13, 2022, when some of the scheme’s investors encountered problems making withdrawals. Withdrawals Blocked Reports from Kenya have said investors in an
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Circle has received a valuation of $9 billion in a new transaction terms with special purpose acquisition company (SPAC) Concord Acquisition Corp. Source
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The unit is part of the Entrepreneurial and Technological Empowerment Program, which is supported in South Africa by the U.S. Department of State. Source
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Cathie Wood's Ark Invest has reportedly purchased 6.93 million shares of the special purchase acquisition company, or SPAC, that is merging with Circle, for $70.6 million through the company’s ARK Fintech Innovation exchange-traded fund (ETF). This purchase would represent a new position for the ETF, according to MarketWatch. Ark Invest's ETFs
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Decentralized Finance — or DeFi — has experienced immense growth, with total value locked in smart contracts passing $250 billion in November 2021. This parallels the growth of USDC, which recently passed $40 billion in circulation, based largely on growing demand from DeFi market participants.Join this exclusive webinar to hear
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Bitcoin (BTC) bounced off what is for some a key level on Jan. 9, closely mimicking events from September 2021. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Shorters will get rekt" at $40,700Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing course at around $40,700 to subsequently pass $42,000.The behavior, while uninspiring
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Jamie Redman Jamie Redman is the News Lead at Cryptox.trade News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than
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Circle, the company that created the USDC stablecoin, announced a partnership with public charity Endaoment to create a disaster relief fund. The fund will help mid-western American communities impacted by last week's deadly tornadoes. The two entities hope to raise $1 million in grants to support the American Red Cross
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Bitso, a major Latin American cryptocurrency exchange, is collaborating with the USD Coin (USDC) stablecoin operator Circle to launch a new cross-border payment tool between Mexico and the United States.The company announced on Thursday that the integration with payment solutions from Circle aims to provide Mexican people with a new
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Wire transfers to Bitso Shift will take between 24 to 48 hours to process, while in-app exchanges between U.S. dollar-backed stablecoins and Mexican pesos will be processed in seconds, according to Bitso. No minimum transaction volumes or balance amounts are required, the company added. Original Source
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