Circle Intends to Become a Full-Reserve National Commercial Bank – Bitcoin News
Bitcoin news

Circle Intends to Become a Full-Reserve National Commercial Bank – Bitcoin News

Circle, a cryptocurrency fintech services company, announced it intends to become a full-reserve national commercial bank. This would bring a set of responsibilities and duties to the company equal to those of other mainstream banks: having to report to the Federal Reserve, U.S. Treasury, OCC, and the FDIC. However, it would also put the company…

Bitcoin tops $40,000 after Musk says Tesla could use it again
Bitcoin news

Bitcoin tops $40,000 after Musk says Tesla could use it again

LONDON/SINGAPORE (Reuters) -Bitcoin climbed above $40,000 on Monday, after yet another weekend of price swings following tweets from Tesla boss Elon Musk, who fended off criticism over his market influence and said Tesla sold bitcoin but may resume transactions using it. Bitcoin has gyrated to Musk’s views for months since Tesla announced a $1.5 billion bitcoin purchase in February and said it would take the cryptocurrency in payment.

Web traffic for cryptocurrency exchanges hit all-time high in May
Cryptocurrency exchanges

Web traffic for cryptocurrency exchanges hit all-time high in May

Crypto exchange Web traffic hit a record high of 638.2 million visits in May, according to SimilarWeb data compiled by The Block.  Traffic to crypto exchanges grew 20.4% in May compared to April’s figure. May’s 638.2 million in crypto exchange traffic drew 108 million more hits than the last all-time high, which occurred in January …