Coinbase steps into consumer market with stablecoin-powered 'everything app' that goes beyond trading

Coinbase steps into consumer market with stablecoin-powered ‘everything app’ that goes beyond trading

Dominika Zarzycka | Nurphoto | Getty Images Coinbase unveiled Wednesday an “everything app” designed to bring more people into the crypto economy. The “Base App,” which replaces Coinbase Wallet, will combine wallet, trading and payment functions as well as social media, messaging and support for mini apps – all running on the company’s homegrown public…

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U.S. drug raids net $10 million in crypto linked to notorious Mexican Sinaloa cartel, officials say

U.S. drug raids net $10 million in crypto linked to notorious Mexican Sinaloa cartel, officials say

U.S. drug enforcement agents seized more than $10 million in cryptocurrency linked to Mexico’s Sinaloa cartel during raids that also netted massive quantities of fentanyl and other drugs, officials said Tuesday. The Sinaloa cartel is one of six Mexican drug trafficking groups that President Trump has designated as global “terrorist” organizations. The cryptocurrency seizure in…

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Stablecoins could get a big boost in Congress. Here's what to know about the digital currency.

Stablecoins could get a big boost in Congress. Here’s what to know about the digital currency.

So-called stablecoins could be a step closer to becoming a mainstream form of payment in the U.S. as the House of Representatives considers a bill regulating the digital currency.  The Genius Act, which passed in the Senate last month with broad bipartisan support, would create rules of the road for the $250 billion market for stablecoin,…

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Geopolitics spur Hong Kong’s renewed focus on South Korean trade collaboration

Geopolitics spur Hong Kong’s renewed focus on South Korean trade collaboration

Hong Kong’s finance chief has launched a strategic offensive to forge closer business ties with South Korea, with investors showing interest in the city’s latest cryptocurrency policy and its role as a “superconnector” to international markets amid geopolitical tensions. Concluding a three-day visit to Seoul on Thursday, Financial Secretary Paul Chan Mo-po proposed a direct…

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