What is Arc by Circle?

The company behind USDC stablecoin, Circle has launched Arc, an open Layer-1 blockchain designed to provide enterprise-grade infrastructure for stablecoin payments, foreign exchange, and capital markets applications. The network is EVM-compatible and uses USDC as its native gas token. Arc is expected to launch its public testnet later this fall.

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Tether buys stake in Bit2Me cryptocurrency platform

Tether has announced that it has acquired a minority stake in Spanish cryptocurrency platform Bit2Me and is leading its €30 million funding round, expected to close in the coming weeks. Bit2Me recently became the first Spanish-speaking exchange authorized as a CASP under the EU’s MiCA (Markets in Crypto-Assets) framework. This framework come into power on the April 20th 2023.

Tether buys stake in Bit2Me cryptocurrency platform
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China crypto ban is not real

Rumors are circulating that China has banned crypto again. This is not true. Hong Kong of China, as a pilot zone, is fully embracing cryptocurrencies. Also, the China has never banned individual crypto transactions; only prohibits institutional participation.

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Bank of America to release stable coin

In a recent statement, the CEO of Bank of America said their bank is exploring releasing a stable coin. However, there is no set timeline, citing low client demand and ongoing assessments of scale and potential partnerships. Morgan Stanley is closely monitoring developments, while Citigroup and JPMorgan have also indicated interest in stablecoin initiatives.

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