Digital currency group Diem Association, formerly known as Facebook's Libra project, plans to launch a US dollar stablecoin as it scales back its global ambitions to focus on the United States, the group said.
from Gadgets 360 https://ift.tt/3odvYd1
Ether Price Hits Record High as 2021 Gains Near 500 Percent
Cryptocurrency Ether hit another record high on Wednesday, taking gains this year to close to 500 percent on the back of growing interest in decentralised finance applications and increasing institutional interest in cryptocurrencies.
from Gadgets 360 https://ift.tt/3y9NJyc
from Gadgets 360 https://ift.tt/3y9NJyc
Tesla Halts Use of Bitcoin for Purchases, CEO Elon Musk Tweets
Tesla will no longer accept Bitcoin for car purchases, CEO Elon Musk said on Wednesday, citing long-brewing environmental concerns for a swift reversal in the company's position on the cryptocurrency.
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from Gadgets 360 https://ift.tt/3oc6ah4
Crypto boomers
In today's ETtech Morning Dispatch: Boomers are signing up to invest in crypto, Mamaearth may land new financing and SoftBank rejigs InMobi bet ahead of $1 billion IPO.from Tech-Economic Times https://ift.tt/3bmuAzA
Son rejigs InMobi bet ahead of $1 billion IPO, transfers shareholding to SVF 2
SoftBank Group invested $200 mn in InMobi in 2011, its first in Indiafrom Tech-Economic Times https://ift.tt/2R7fEOU
Indians over 45 are exploring the wild west of cryptocurrency
As awareness about cryptocurrency and its utility increases, the new asset class is catching the fancy of those aged over 45 despite the industry lacking a clear regulatory frameworkfrom Tech-Economic Times https://ift.tt/3o9w9WG
Sofina-led funding may value Mamaearth at $700 million
The financing round is expected to be in the range of $60-$80 millionfrom Tech-Economic Times https://ift.tt/3eFBEsU
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