New $60M web3 Fund From Axelar Offers Close Support From Circle, Polygon
The interchain communication protocol, Axelar, has announced a $60M funding program to drive innovation for web3 startups building during the bear market.
Mizuho Downgrades Crypto Exchange Coinbase to ‘Underperform,’ Cuts Price Target to $30
Interest income from Circle’s USD Coin (USDC) has become increasingly important for crypto exchange Coinbase (COIN), accounting for 10%-15% of third quarter revenue, amid deteriorating sentiment and trading volumes, Mizuho said in a research report Friday.
Coinbase Urges Customers To Ditch Tether With Free Transfers to USDC
America’s largest crypto exchange, Coinbase, doesn’t want its customers to use the Tether stablecoin. It’s instead offering incentives on its own stablecoin, USDC.
USDC’s Circle Is Backing Out of $9Bn Deal To Go Public
Publicly traded Concord Acquisition Corp. was established for the primary aim of acquiring other businesses.
USDC Issuer Circle Changes Mind on Seeking a Public Listing in the Near Future
Circle, the US financial services firm behind the stablecoin <a target="_blank" href="https://cryptonews.com/coins/usd-coin/">USDC</a>, has changed its mind about seeking a public listing in the near future, and now says it will stay focused on building “a long-term public company.”
USDC Issuer Circle Terminates SPAC Deal but Plans To Go Public Remains
USDC stablecoin issuer – Circle – announced that it has terminated its plans to acquire Concord Acquisition Corp, a publicly traded SPAC. The acquisition deal was signed in July 2021, and Circle had time till December 10, 2022, to complete all the required processes. However, the firm pulled the plug five days before the deadline.
Circle and Concord Acquisition Corp Mutually Agree to Terminate Proposed Business Combination
Circle Internet Financial (Circle) and Concord Acquisition Corp (NYSE:CND), a publicly traded special purpose acquisition company, today announced the mutual termination of their proposed business combination initially announced in July 2021 and amended in February 2022.
Stablecoin Issuer Circle Cancels Plan To Go Public
Circle, the company behind stablecoin USDC, has terminated its agreement with special purpose acquisition company (SPAC) Concord Acquisition Corp, thereby stepping back on its plan to go public.
Circle Warns About Active Phishing Campaign Baiting USDC Users
Circle, the firm behind USDC stablecoin, issued a warning about an active phishing campaign attempting to lure users into transferring tokens to malicious addresses.
ADDX Sells Stake in Taiwan’s Web 3.0 Infrastructure Platform CYBAVO To Circle
Global private market exchange ADDX has sold its stake in Taiwanese Web 3.0 infrastructure platform CYBAVO to Circle, a global financial technology firm and issuer of USD Coin (USDC).
