Shares of stablecoin issuer Circle (CRLC) climbed on Monday, rising by 15% to $130 for the first time in nearly a month. The move came after the company disclosed it had raised $222 million in the presale of Arc, the native token tied to Circle’s new blockchain. The funding values Arc at a fully diluted network valuation of $3 billion Circle CEO Maps The Road Ahead Speaking to CNBC in an exclusive interview, Circle CEO Jeremy Allaire framed Arc as more than another crypto launch. He compared blockchain infrastructure to major technology platforms such as mobile operating systems and cloud services, arguing that it is becoming a foundational layer for how businesses operate. Related Reading: Dogecoin Price Set To Hit $5 Amid New Influx From Smart Money? “We want to build an operating system that has many, many stakeholders in it,” Allaire said, describing a model that includes major companies helping to run and ultimately govern the infrastructure. He added that Circle is moving towar
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The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research. The US Senate Banking Committee released a 309-page Crypto Clarity Act draft. It defines SEC and CFTC roles while adding strict stablecoin yield rules. Source: https://cryptoticker.io/en/us-senate-banking-committee-crypto-clarity-act-draft/
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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo’s defining areas of expertise lies in technical analysis. He firmly believes that studying charts and d
The ABA's lobbying against stablecoin provisions highlights the tension between traditional banking and emerging financial technologies, impacting future financial landscapes.
The post American Bankers Association escalates lobbying against CLARITY Act stablecoin provisions appeared first on Crypto Briefing.
Frederik Gregaard, head of the Cardano Foundation, highlighted that in an age when the current banking system has been revealed to be deeply politicized, blockchain has the opportunity to rise as a neutral, resilient, and transparent system to support global commerce. Cardano Foundation CEO Talks Blockchain as a Neutral Settlement Layer While blockchain technology is […]
The Senate Banking Committee has unveiled a new draft of the Clarity Act days before a scheduled markup vote, reopening negotiations over stablecoin oversight, DeFi protections, and ethics rules tied to federal officials’ crypto activities. According to a statement released…
Regulatory divergence on stablecoins between the US and UK could destabilize global markets, impacting cross-border financial stability.
The post Bank of England warns of stablecoin oversight clash with US appeared first on Crypto Briefing.
Nvidia's AI-driven growth could boost blockchain integration, potentially increasing demand for crypto AI tokens and related investments.
The post UBS reiterates buy rating on Nvidia with $245 price target, citing AI demand appeared first on Crypto Briefing.
