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USDC regained its dollar peg four days later. [13] In August 2023, Circle and Coinbase dissolved the Centre Consortium, the entity responsible for managing USDC since 2018. This decision granted Circle full governance over USDC. [14] In February 2024, Circle discontinued USDC on the TRON blockchain following a risk management review. Although ...
Coinbase, the largest U.S. crypto exchange, sued the Securities and Exchange Commission last year in an effort to compel the regulator to act on a petition for rulemaking Coinbase filed in 2022.
Spot trading on the international exchange, currently geared toward derivatives, will roll out in phases, starting with bitcoin and ether against USDC stablecoin from Dec. 14 for institutional ...
That drove a 64% jump in crypto exchange Coinbase's transaction revenue to $529.3 million in the ... -Coinbase Global on Thursday posted its first quarterly profit since 2021 on sturdy trading ...
Visa also announced it was expanding a pilot program that uses USDC on the Solana blockchain to help pay some merchants in cryptocurrency. [40] In January 2024, the company filed a confidential S-1 with the Securities and Exchange Commission. [41] The following month, Circle announced it would stop supporting USDC token on the Tron network. [42 ...
In September, Coinbase, along with Circle and bitcoin miner company Bitmain, was part of a consortium called Centre that launched a digital coin called USD Coin, pegged to the U.S. dollar. [53] [54] In January 2019, Coinbase stopped all trading on Ethereum Classic due to a suspicion of an attack on the network. [55]
On Wednesday, Judge Katherine Failla of the Southern District of New York rejected Coinbase's motion to dismiss the SEC's lawsuit against the leading U.S. crypto exchange, forcing the proceedings ...
By early 2023, DCG had over 160 companies in its portfolio, of which it had acquired 28. Subsidiaries included the crypto exchange Luno, and the firm Foundry for crypto mining. It was also an investor in Coinbase and Kraken, the firm Circle behind the stablecoin USDC, and the analytics companies Chainalysis, Dune Analytics, Elliptic, and ...