Circle's S-1 shows that 60% of the 24M shares available in its IPO come from existing stakeholders rather than the company, a highly unusual move in a tech IPO
Stablecoin issuer Circle stands to be one of the first significant cryptocurrency companies to go public in the U.S. That's not the only unusual aspect of its IPO.
Circle aims to raise up to $624M in its US IPO, offering 24M shares at $24-$26 each, valuing it at ~$5.65B, or ~$6.7B fully diluted, at the top of the range
The New York-based company behind the second-largest stablecoin and some of its shareholders are offering 24 million shares for $24 to $26 each …
Apple settles with the EU over Apple Pay and avoids potential fines by agreeing to open NFC access on iOS to third-party wallet developers for free for a decade
Apple settles with the EU over Apple Pay and avoids potential fines by agreeing to open NFC access on iOS to third-party wallet developers for free for a decade
- EU accepts Apple pledge to open up payment tech to rivals — Firm still faces mounting EU antitrust scrutiny in other areas
Memo: Google CEO Sundar Pichai calls Gemini's problematic responses around race “completely unacceptable” and vows to make structural changes to fix the problem
The Scoop — Google CEO Sundar Pichai addressed the company's Gemini controversy Tuesday evening …
Apple's changes for iOS app distribution in the EU fail to offer fair and reasonable commissions and show its disdain for both the DMA and app developers
Yesterday, Apple made an important announcement regarding changes to iOS, Safari, and the App Store in the European Union in response to the Digital Markets Act ("DMA").
Sources: Revolut's US system let criminals steal $20M+ over several months in 2022 before Revolut shut the loophole, equivalent to ~66% of its 2021 net profit
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The US SEC reopens public comment for a draft rule that expands its crypto regulatory power, adding explicit language covering digital asset and DeFi exchanges
The US Securities and Exchange Commission on Friday altered a proposed rule to make more explicit that digital-asset exchanges …
Binance says the NYDFS ordered Paxos to stop issuing more of its BUSD stablecoin, which has 6.2M holders; Paxos will continue redemptions and cut Binance ties
Firm will continue to manage redemptions of the product — New York regulators directed a crypto company to stop issuing …
The Bank of England publishes two papers on a new digital pound, seeming to favor centralized databases over a blockchain and limiting to £10K-£20K per person
The Bank of England has set out technical features of its central bank digital currency, which officials have said is likely to be needed.
The Bank of England publishes two papers on a new digital pound, seeming to favor centralized databases over a blockchain and limiting to £10K-£20K per person
The Bank of England has set out technical features of its central bank digital currency, which officials have said is likely to be needed.
Binance acknowledges mistakenly storing collateral for some of its tokens in the same wallet as customer funds; reserves for around 47 coins are in one wallet
Binance Holdings Ltd., the world's largest crypto platform, acknowledged that it mistakenly keeps collateral for some of the tokens …
Wells Fargo, BofA, JPMorgan, and four other banks are working on a digital wallet, managed by Zelle owner Early Warning Services, rolling out in H2 2023
Financial institutions behind Zelle are working on a wallet for consumers to use at online checkout — Big banks are teaming …
Bulgarian police raided London-based crypto lender Nexo's office in Sofia on January 12, seeking information on suspected money laundering and tax crimes
Bloomberg :
Bulgarian police say London-based crypto lender Nexo's office in Sofia was raided on Thursday, seeking information on suspected money laundering and tax crimes
Crypto lender Nexo's office in Sofia was raided by Bulgarian police on Thursday as part of an investigation into suspected money laundering and tax crimes.
Binance.US plans to acquire Voyager Digital's assets in a deal worth $1.022B, beating other bids and subject to bankruptcy court approval at a January 5 hearing
Claire Boston / Bloomberg :
How Apple's Cooperative R&D Agreement on digital IDs with the TSA in March 2019 could disadvantage its rivals in developing mobile identity credentials
Jason Mikula / Fintech Business Weekly :
Analysis: the cumulative market cap of recently listed fintechs in the US fell $156B from January 1 through July 15, 2022, as shares fell an average of over 50%
Instagram launches a new “payments in chat” feature in the US that lets users buy products with Meta Pay and track orders from small businesses via DMs
Right in Chat Finextra : Instagram adds payments in chat Curioso Mercado : Cripto volta a valer US$ 1 trilhão The Economic Times : Instagram to let shoppers pay for products via DM...
How El Salvador President Nayib Bukele weaponized bitcoin to whitewash his government's growing authoritarianism on the world stage and spread local propaganda
and lining their pockets — at the expense of our rights and livelihoods.” https://www.nytimes.com/... Alex Gladstein / @gladstein : “Bitcoiners aren't supposed to trust government....