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“The business combination could not be consummated before the expiration of the transaction agreement because the SEC had not yet declared our S-4 registration ‘effective’,” the group said. An S-4 registration is a registration document that companies have to file with the SEC seeking permission to offer new shares, the
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Meta hopes for an eventual “interconnectability” between the different global jurisdictions that will be wrestling with rules for the metaverse economy, said Edward Bowles, the company’s head of fintech policy, so somebody in its Horizon Worlds virtual-reality offering can pick up their assets and “move to another world seamlessly and
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"BUSD has seldom been used in DeFi and is not near the top 10 pools of Curve, Uniswap, Aave etc. USDC usage, however, remains strong. Four of the top five Uniswap pools contain USDC," Teander said. "Over the last seven days, USDC pools, compared, have accounted for over 50% of
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Last week, by contrast, Circle issued a detailed asset breakdown which, though unaudited, claimed that Circle’s USDC stablecoin is backed entirely by U.S. dollars and highly liquid short-term U.S. Treasury bonds. It’s worth noting here why Circle releasing an unaudited backing report is not the same as Tether issuing an
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The asset breakdown comes at a time when crypto firms and their finances are under increased scrutiny in the on-going crypto credit crisis. Original Source
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Bitcoin (BTC) rebounded from overnight lows on July 13 as markets nervously waited for United States inflation data.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewCountdown to “highly elevated” inflation revealData from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing from $19,250 to $19,900 at the time of writing, up 3.3% on
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The growth of Circle's native stablecoin USD Coin (USDC) in the last two months compared to its $66-billion rival giant Tether (USDT) is nothing short of spectacular.USDT, USDC market cap ratio hits the lowest on recordNotably, USDC's market capitalization has grown by 8.27% since May, reaching its highest level of
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“By partnering with NYCB, we are opening up new pathways for community banks and MDIs across the country to be key participants in the fast growing digital assets market," Dante Disparte, Circle's chief strategy officer and head of global policy, said in the statement, referring to minority depositary institutions. Original Source
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You know it’s going to be a fiery conversation when one of the panelists says “F**k the Fed” in his opening statement. Original Source
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“Most auditors and attestors do not use the word ‘correct,’ and it would only be used where a precise measurement is available,” said Michael Shaub, an accounting professor at Texas A&M University’s Mays Business School. “I assume crypto is an example of where precise measurement is possible. I am just
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