Month: September 2023

DCG-backed Genesis Global Trading to Shut Down US Crypto Spot Trading by September 18

The decision by Genesis Global Trading (GGT) to wind down its business was reportedly voluntary and is currently working with regulators to ensure an orderly closure of services. Genesis Global Trading (GGT), a subsidiary of Barry Silbert’s Digital Currency Group that owns Grayscale Investments, has written a letter to its clients that it will be shutting down its crypto spot trading services by Monday, September 18, 2023. However, the company noted that the spot and derivatives trading services through GGC International Limited will remain operational. As a result, Genesis Global…

Bitcoin stabilizes after drop; bulls confident on Borroe’s prospects

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The crypto market is often turbulent. This article explores the recent difficulties confronting Bitcoin while delving into Borroe.Finance, a crypto project perceived as a reliable option for investors during uncertain times. The article also aims to assess why Borroe.Finance is gaining attention as a potential investment with long-term benefits.  Bitcoin faces headwinds amidst market volatility Bitcoin, the vanguard of crypto, has been choppy in recent days. Despite its resilience, notable price drops have raised concerns among investors.…

Jay-Z and Jack Dorsey Funded ₿trust Acquires African Bitcoin Developer Training Company Qala

Qala will now rebrand to ₿trust Builders Programme and join forces with its parent company to democratize the development of open-source Bitcoin software. ₿trust, a non-profit organization committed to decentralizing the development of open-source Bitcoin software, has announced the acquisition of Qala, a leading organization training the next generation of African Bitcoin developers for an undisclosed amount. According to the announcement, Qala will henceforth rebrand to ₿trust Builders Programme in a bid to enable the Jack Dorsey-backed organization to democratize the Bitcoin software development program. Notably, Qala is available in…

Stablecoin USDC Expands to Base and Optimism Networks

Circle said that businesses and institutions can access on/off-ramps for $USDC to OP Mainnet and Base through Circle Account. Circle’s native stablecoin USDC has recently launched on two Layer-2 networks – Base and Optimism. this launch will allow the Circle account holders to send USDC from their accounts to either of the networks. Coinbase also announced that it has made USDC transfer available to Base. Circle has stated that it is collaborating with “ecosystem partners” to create a mechanism enabling users to exchange outdated, bridged editions of USDC for the…

Solana Token Rises Following Visa USDC Settlement Announcement

Visa will now use payment processors to facilitate cross border transactions via the USDC stablecoin on Solana Pay. Solana’s SOL token rose on Tuesday following news that Visa will begin expanding its stablecoin services, via USDC, to the Solana blockchain, in collaboration with payment solutions providers Worldpay and Nuvei. The SOL token jumped 6% at one point but later fell to 4.39%, trading at $20.25, according to data from Coin Metrics. As of writing time, CoinMarketCap data shows SOL at $19.81. In an official statement, Visa said its intention is to make…

El Salvador to Introduce Bitcoin Education to Public Schools by 2024

Mi Primer Bitcoin has a goal of reaching more than 300,000 Salvadorans with its education program this year and to give out at least 7,700 presentational diplomas. El Salvador’s Ministry of Education has partnered with the nonprofit, nongovernmental organization (NGO) Mi Primer Bitcoin (MPB which translates to “My First Bitcoin”) to introduce Bitcoin education in public schools by 2024. The MPB diploma program was launched in 2022 with its first cohort beginning their journey in Bitcoin education in May. It was founded by American activist and writer John Dennehy with…

Bitcoin Price Drops to Lowest in 6 Months as Crypto Market Anticipates ETF Decision

Bitcoin, which rose after Grayscale won its SEC case, has fallen to its lowest point since March as the market awaits an ETF decision. Bitcoin (BTC) is not keeping up with the bulls as it fell 1% in 24 hours, crashing below the $25,700 mark. The price is some distance from last week when Bitcoin crossed the $28,000 level after a US Court of Appeals took Grayscale’s side in its court battle with the United States Securities and Exchange Commission (SEC) regarding the investment manager’s intention to convert its GBTC Trust into…