Circle Raises $110 Million and Launches USD Backed Coin

Bitmain and Circle are collaborating to create fiat-based tokens backed by USD
16 May 2018   1717

In March 2018 we have reported about Circle, which was planning to launch mobile app to allow instant cryptocurrency trading with zero commission. In May 2018 Circle Internet Financial added Monero support for their cryptocurrency trading app Circle Invest, which was released in spring.

The mining company Bitmain Technologies was holding a funding round for Circle Internet Financial, and on May 15 it was closed for $110 million. According to Bloomberg, Bitmain and Circle are collaborating to create fiat-based tokens backed by USD, which will be released by Circle in summer.

It’s a version of fiat that can move at the speed of the Internet with global reach, with much less cost, with high levels of security. It’s a huge improvement for how fiat money transmission can work around the world for consumers and for businesses who might want to collect digital payment with tokens.
 

Jeremy Allaire

Chief Executive Officer, Circle

The USD Coins of Circle will be issued under the ticker USDC and be stable coins having no volatility. USDC will be an ERC-20 token, based on the Ethereum network. According to Circle co-founder Sean Neville, the company hasn’t decided yet whether it will charge fees for trading USDC as the main goal is to boost USDC use among the users.

Diffusion 2019 to Gather Crypto Hackers in Berlin

World most interesting tokenised protocol teams joined forces to create one of the biggest devconf in the world
20 September 2019   229

19th-20th October 2019, Berlin, one of the IT capitals of the world, will gather representatives of blockchain, AI, IoT and Big Data industries across the globe. 350 developers are going to test their skills, by hacking with 25m+ lines of open source code. Thousand of prizes awaits the winners.

This two-day event will focus on the practical application of open-source distributed ledger technology, smart contracts, machine learning and programmable tokens, to create a new data layer.
 

Diffusion

Diffusion 2019 Attendants
Diffusion 2019 Attendants

The conference will last for two days and is focused on the practical usage of open-source blockchain technology, machine learning, programmable tokens and smart contracts with a goal to create a new data layer. 

If you are not a skilled programmer, you will find what to do, Join panels, chats, workshops. Discuss the latest topics, such as token economics, blockchain for enterprise, AI, deep learning and more. Whether you are a dev, work in IT or tech industry, geek or just interested all that new - this is a place for you. You will be able to discuss things and share knowledge with lead developers, professors, start-upers and CEOs.

Part of Diffusion 2019 Attendants
Part of Diffusion 2019 Attendants

The event will take place at the Factory Berlin.

Hype.Codes team is happy to report that our journalist is going to the Diffusion 2019 too! Anton will provide you, our dear readers, with the freshest news and announces straight from the Factory.

Also, check out the latest conference's partnership with ETHBerlin.

And now the most interesting thing. You will be able to to take part in a hackathon for free!

Apply for free place at Hackaton now!

Not a coder, but still want to attend an event? 

Get your ticket here!