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๐ฆ๐ Stablecoins = Skems?๐คท
๐ฆ๐ Stablecoins = Skems?๐คท
| Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox! | | Sorry that we didn't make you trillionaires, Geckos! During a hearing of the Senate Banking Committee, Chairman Sherrod Brown (D-OH) stated that stablecoins are neither decentralized nor transparent.
He advises that there's no assurance you'll get your money back in fiat if you invest it in stablecoins.
The Ohio senator has been unrelenting in his efforts to put pressure on corporations that issue stablecoins, such as Circle and Tether (USDT). In today's news, Binance partners with MDI to establish a crypto exchange in Indonesia, Brinc raises $130M funds led by Animoca Brands, and BCB Group acquires a 100-Year-Old German bank.
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๐ https://gcko.io/socnjs6 | | Binance's Next Station: Indonesia Binance and a consortium led by MDI Ventures will form a joint venture in Indonesia to develop blockchain technology.
MDI is the venture capital arm of Telkom Indonesia, Indonesia's largest telecom operator.
The joint venture will establish a new digital asset exchange in Indonesia.
CoinDesk | | Animoca Leads $130M Investment in Brinc Brinc, a venture accelerator, has raised $130 million in funds led by NFT and metaverse investor Animoca Brands.
The funds will be used to support Brinc's expansion into new markets and Web 3, which includes blockchain-focused projects in decentralized finance (DeFi), gaming, and other areas.
Animoca Brands' investment extends the two companies' ongoing collaboration following the joint development of an NFT launchpad.
CoinDesk | | Crypto Service Expands in Europe BCB Group, a crypto payment service provider, has purchased the fintech-focused Sutor Bank, taking control of a German bank to fuel its expansion in the European Union.
The London-based company has seen a significant increase in volume growth, with over $4 billion in payments and trades completed in February of this year.
BCB anticipates that the transaction will be completed by the end of February.
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