China News Today TheBitTimes.com

US crypto exchange Coinbase leads a $2.5 billion race with Mastercard to acquire the stablecoin startup BVNK. That’s according to a report by Fortune, which cited sources familiar with the matter as saying the two companies have held advanced talks with BVNK on the acquisition. The terms and winning bidder have not been finalized yet with the sale price expected to be between $1.5 and $2.5 billion. Three of the sources said Coinbase appears to have an edge over Mastercard. If a deal is reached, it could be one of the largest acquisitions of a stablecoin firm to date. Citi Buys Stake In BVNK BVNK’s core technology is a blockchain-payments rail that facilitates stablecoin transactions globally. It also allows customers to seamlessly move funds between fiat and stablecoins. The reported talks between Coinbase, Mastercard and BVNK comes hard on the heels of news that banking giant Citi has acquired a stake in the stablecoin infrastructure firm.  Excited to announce...

Japan eyes support for crypto startups in new regulation on startup financing. According to reports, the new rules means startups can raise funds from investors by offering stocks and crypto. Japan is looking to relax restrictions on how startups raise funds with a view to revamping the sector amid growth in venture capital funding. According to a report from local outlet Nikkei, the government plans to have startup s access financing from VCs by offering crypto . As such, the new regulation will allow investors to receive traditional stocks as well as crypto when extending funding to startup s. Blockchain reporter Colin Wu shared the news via X. According to nikkei, the Japanese government will relax regulations on startup financing. When start-ups receive financial support from investment funds, they can choose to deliver crypto assets instead of just stocks. The new rules apply to funds investing in limited… — Wu Blockchain (@WuBlockcha...