Saad Ahmed's appointment as Head of Asia Pacific at Gemini signifies a strategic move into the region from Singapore. Despite challenges, Gemini's global expansion, under Ahmed's leadership, appears poised for success in navigating the evolving cryptocurrency landscape.
JoyAdditionally, their jointly operated Centre Consortium will be shut down.
ClementThe Monetary Authority of Singapore proposed a new protocol called Purpose Bound Money (PBM) for CBDCs and stablecoin interoperability across different platforms Amazon, FAZZ, and Grab are piloting the use of the PBM protocol for online retail payments
TheBlockThe hacker tweeted about a fake USDC airdrop to compensate holders who held the stablecoin during its depeg.
CryptoSlate
Coinlive The firm ends SPAC deal under which it would have become a listed company.
OthersThe USDC issuer has started investing funds into its CRF (Circle Reserve Fund) to ensure that holders can redeem their coins when they want.
BitcoinistThe passing of an investment proposal brought into question a legal agreement between the organizations and the Merit Circle DAO agreed to a counterproposal that would ensure a settlement.
CointelegraphDemand for stablecoins continues to rise as businesses look to on-chain liquidity to improve their operations.
CointelegraphThe firm previously said its reserves would be in cash and treasuries.
Cointelegraph