Author: Crypto Insider

Circle, the issuer of the USDC stablecoin, plans to go public by the end of the year through a SPAC with special purpose acquisition company Concord Acquisition Corp. The deal values the crypto financial services firm at $4.5 billion. The deal announced on Thursday values Circle at $4.5 billion following just a few weeks after…

Israel said Thursday it is starting to seize cryptocurrency accounts used by the Palestinian Hamas group to raise funds for its armed wing using Bitcoin and other cryptocurrencies. Benny Gantz, Israeli Defense Minister, ordered security forces to seize the accounts after a joint operation “uncovered a web of electronic wallets” used by Hamas to raise…

As local news reported, the Vietnamese Prime Minister Phạm Minh Chính has ordered the State Bank of Vietnam to study the feasibility and test the operationality of a pilot for a digital currency (CBDC). Unlike other countries, Vietnam is looking to test a digital currency built on blockchain technology, not a centralized protocol. According to…

The Reserve Bank of New Zealand sees a central bank digital currency (CBDC) as a “solution” to the ongoing reduction in cash usage. The bank will open up public consultations regarding a CBDC and the new digital money like stablecoins. In a July 7 statement, the Reserve Bank of New Zealand announced releasing a set…

Binance CEO Changpeng “CZ” Zhao posted an open letter outlining Binance’s plans regarding the current crypto regulatory landscape, which followed the rise of the global regulation pressure on Binance. “Binance has grown very quickly and we haven’t always got everything exactly right, but we are learning and improving every day,” Zhao said in a blog…

China’s central bank deputy governor said the bank is “quite worried” about risks from private digital currencies, particularly so-called stablecoins, such as Tether, while China is testing its own digital yuan. According to CNBC translation, Fan Yifei of the People’s Bank of China (PBOC) has voiced concern that digital currencies pegged to a fiat currency…