Google’s New L1 Blockchain for Finance: A Comparison with L1s by Stripe and Circle
Google Cloud to Launch New Layer-1 Blockchain Google Cloud is set to introduce its own Layer-1 Blockchain, positioning it as a neutral foundation for global finance amid rising competition from fintech firms developing their own distributed ledgers. In a LinkedIn post, Rich Widmann, who heads Google’s Web3 Strategy, shared updates about the project, naming it […]
Executives from Circle Internet, Zillow, Applovin, and others recently sold the most stocks
Recent Insider Stock Sales Highlight Industry Trends Last week saw significant stock sales from companies like Circle Internet Group and Zillow Group, drawing attention from traders. They’re often keen to analyze these activities for insights into potential company troubles, but the motivations behind these sales can differ quite a bit. VerityData tracks these transactions, which […]
Meet the ex-Soros foundation executive linking Obama’s circle to Mamdani
George Soros Alumni Involvement in NYC Mayoral Campaign The former executive director of the Open Society Foundation (OSF), tied to billionaire George Soros, has come back into the public eye due to his connection with Zohran Mamdani’s campaign in New York City. This connection hints at a broader relationship between Mamdani and figures from the […]
Charlie Kirk cautions about the ‘extreme’ inner circle of NYC candidate Zohran Mamdani.
The sons of Turning Point USA founders, Charlie Kirk and Donald Trump, voiced their concerns about New York City mayoral candidate Zoran Mamdani as progressive socialist candidates rise in the polls. On Wednesday, Kirk appeared on “Fox and Friends” and described Mamdani’s team as a “Bolshevik type group,” suggesting a deliberate radical agenda similar to […]
Circle stock increases as quarterly revenue surpasses expectations following major IPO.
Circle Shares Drop After Share Sale Announcement Circle (CRCL) saw its shares plunge over 5% during post-market trading on Tuesday. This drop followed the company’s decision to sell 10 million shares after a significant 425% increase since its IPO. The announcement came right after the release of its first revenue report since going public. In […]
Man fatally shot in DC’s Logan Circle following federal takeover by Trump
Shooting in Washington, D.C. After Federal Police Announcement A man was killed in a shooting in Washington, D.C. on Monday, just hours after President Donald Trump declared a federal takeover of the city’s police department. The Metropolitan Police Department reported that the victim was discovered in the 1200 block of NW 12th Avenue near Logan […]
Stablecoin companies such as Circle and Tether are buying more Treasuries than many nations. Here’s how this might change the U.S. economy.
Stablecoins are the latest trend on Wall Street, making their leap from the niche world of crypto into mainstream US finance, especially after Congress passed related legislation in July. This shift has really ignited interest, with banks and large corporations eager to get involved with the technology. These digital assets, which typically maintain a 1:1 […]
The CIRCLE Act: A plan for renewing American manufacturing by promoting recycling
As Congress focuses on boosting American manufacturing and global trade, it’s worth noting the potential of a resource often overlooked: our driveways. Each year, about 37 million tons of recyclable household materials end up in landfills and incinerators in the US. This not only weakens our supply chain but also leads to increased costs for […]
FIS and Circle to Assist Financial Institutions in Utilizing USDC Stablecoin
FIS has announced a partnership with Circle to enable financial institutions to trade using the USDC stablecoin. This collaboration integrates FIS’s infrastructure solutions with Circle’s stablecoin technologies, as stated in a press release on July 28. This partnership aims to facilitate domestic and cross-border payments for US financial institutions using USDC. Jim Johnson, co-president of […]
Circle Rated as a ‘Sell’ by Compass Point Following Trump’s Stablecoin Bill Signature
Simply put Compass Point analysts have downgraded Circle (CRCL) shares to a “sell” rating. They mentioned increased competition in the Stablecoin space, falling Federal Reserve rates, and a drop in retail participation as potential drawbacks. The shares recently closed down over 8%, currently valued around 34%, a significant drop from an all-time high of $298.99. […]