In this episode of Coin Street headlines, we dive into the latest headlines shaping the world of cryptocurrency and blockchain technology. U.S. dollar-pegged stablecoin Tether has hit an impressive 500 million users, representing about 6.25% of the global population. We discuss the implications for those excluded from traditional banking systems. The ongoing conflict between Fetch.ai CEO Humayun Sheikh and the Ocean Protocol Foundation intensifies as Sheikh offers a $250,000 bounty for information regarding alleged token misappropriation. Coinbase moves closer to becoming a one-stop shop for crypto investors with its recent $375 million acquisition of blockchain fundraising platform Echo, enabling private and public token sales. Former New York Governor Andrew Cuomo unveils his proposal to transform New York City into a crypto hub, but he faces tough competition from Democrat frontrunner Zohran Mamdani. Jane King with the latest from the NYSE
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Here's a look at your Coin Street headlines.
US dollar pegged stablecoin tether hit its 500 millionth user this week, offering a means to transact and save for those who have been excluded by the traditional banking system.
Tether said the figure represents 500 million real people, not just tether wallets, suggesting that the stablecoin has now been used by about 6.25% of the world's population.
The World Bank Group estimates are 1.4 billion adults who don't have.
Access to a bank account globally.
Well, the ongoing feud between FetJ ICO Hamayan Sheikh and Ocean Protocol Foundation took another twist as the CEO issued a bounty for more information related to the alleged misappropriation of tokens worth millions of dollars.
Shaikh and an ex-post offered a $250,000 reward for information on the signatories of Ocean Dow's multi-signature wallet and their connection to the Ocean Protocol Foundation.
The bounty offer comes days after the CEO alleged a team wallet related to Ocean Protocol misappropriated about 286 million fetch AI tokens.
Coinbase's goal of becoming a one-stop shop for crypto investors moved closer to reality this week with an acquisition, a $375 million acquisition of the blockchain fundraising platform Echo.
Now the deal allows Coinbase to facilitate both private and public token sales while helping startups.
Raise capital according to the Wall Street Journal.
It's also the 8th deal this year for the largest US crypto exchange, and former New York Governor Andrew Cuomo lags far behind Democrat front runner Zoran Mamdami despite unveiling his proposal to make New York City a crypto hub.
Cuomo's plan announced over the weekend, would create a new office that would be responsible for attracting emerging tech companies, including cryptocurrencies and blockchain, and that is the latest coin Street headlines.