Blockstack Files with SEC to Raise $50 Million in Token Sale

Circle and Coinbase are joining forces to create a network built to encourage the development and growth of money on the internet. The duo announced the formation of the Centre Consortium and the launch of its first stablecoin, the U.S. Dollar Coin, in October, and today is opening up Centre for broader member and industry participation. Joao Reginatto, USDC Product Lead at Circle, joined Cheddar to discuss the news.

Struggling messaging app Kik is battling the SEC in the courtroom. The government agency suing Kik over an initial coin offering in 2017. The SEC arguing the kin tokens that were issued should be treated as a security and that the offering should have been registered with the SEC. Andrew Hinkes, General Counsel at Athena, joined Cheddar to discuss what to expect from the rest of the legal battle.

Circle and Coinbase open up Centre for broader member and industry participation. Plus 3iQ continues its fight for its proposed bitcoin fund. And Iran cracks down in electricity use by miners.