Web3 Diaries-Coinbase Buying Minority Stake In Stablecoin Operator Circle
Coinbase (COIN), the Cryptocurrency exchange, is buying a minority stake in Circle Internet Financial and the companies are dissolving their Centre Consortium partnership that had issued USD Coin (USDC), the world’s second-largest stablecoin.
As part of the move, Circle will bring issuance and governance of USDC fully in-house.
Also, six more blockchains will gain native support for USDC, which is pegged to $1, bringing the total number of supported blockchains to 15.
Coinbase and Circle didn’t disclose how big a stake Coinbase got. Coinbase did not give Circle cash for the stake, according to a person familiar with the matter.
Sam Bankman-Fried To Appear Before Court
As Sam Bankman-Fried prepares to face the court, he will have five and a half hours with his attorneys, minus any time spent being arraigned yet again Tuesday on his latest indictment, which folded campaign finance allegations into existing charges.
Bankman-Fried, who pleaded not guilty to most of those same charges, faces a new superseding indictment after prosecutors said they would have to drop the campaign finance-specific charge due to treaty obligations with the Bahamas.
The FTX founder was recently sent to jail after a federal judge ruled he’d violated his bond conditions twice in attempting to manipulate or intimidate witnesses against him.
K-Pop Titans Blackpink Launch Roblox Metaverse Experience
South Korean pop titans Blackpink are coming to Roblox. The band made history this year as the first K-pop group to headline Coachella, and now the four-piece is heading to the metaverse via a dedicated Roblox fan hub.
The experience will be a permanent addition to the virtual online game, giving fans aka Blinks an interactive space to celebrate Blackpink’s music and come together to recreate their famed choreography.
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