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Attempting to signal its popularity despite high-profile defections from Visa, Stripe and more, the Facebook-led cryptocurrency Libra Association announced that 1,500 organizations have expressed interest in joining the Libra project — 180 of those meet eligibility requirements to become members, which could replace the seven companies that dropped out of the Association this month, including […]

There’s a strategic cost to the defection of Visa, Stripe, eBay and more from the Facebook -led cryptocurrency Libra Association . They’re not just names dropping off a list. Each potentially made Libra more useful, ubiquitous or reputable. Now they could become obstacles to the token’s launch or growth. Fearing regulators’ inquiries not just into […]

What if Libra wasn’t backed by a basket of international currencies, but only the dollar? Regulatory pushback to the Facebook-led cryptocurrency Libra has caused major partners — including Visa, Mastercard, PayPal and eBay — to pull out of the Libra Association. But one of the remaining members has floated a major change to the stablecoin […]

Oof — a week after PayPal announced plans to part ways with Facebook’s Libra cryptocurrency project and the related association of the same name, three more names are reportedly breaking away: eBay, Stripe and Mastercard. (Update: and now Visa!) In a comment to TechCrunch, a Stripe spokesperson leaves the door open for them to potentially […]

Cryptocurrency exchange company Coinbase is launching a mobile app for its advanced users today. You can now download the Coinbase Pro mobile app on iOS — the Android version is coming soon. Coinbase Pro is the company’s exchange that lets you set up advanced order types, such as limit orders. Those are fairly standard features […]

This time it actually has insurance. Zero-fee stock-trading app Robinhood is launching Cash Management, a new feature that earns users 2.05% APY interest on uninvested money in their account with the ability to spend it through a special Mastercard debit card. The waitlist opens today in the U.S. with the first users to be admitted […]

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Facebook is being leaned on by US, UK, Australia to ditch its end-to-end encryption expansion plan U.S. Attorney General William Barr, […]

Chris Dixon, a general partner at Andreessen Horowitz, announced a new crypto-related startup school at TechCrunch Disrupt today in San Francisco. Dixon says that the firm is not looking for equity, but really wants to provide a way to teach some best practices in the emerging field of crypto currency. “We are going to run […]

Cryptocurrency exchange Coinbase wants to foster USDC adoption by letting you earn rewards when you keep USDC on your Coinbase account. Essentially, if you’re a U.S. customer, your Coinbase account has become an uninsured savings account with a 1.25% APY rewards rate. If you’re not familiar with USDC, it’s a stablecoin backed by CENTRE, a […]

“It was SoundCloud’s opportunity to lose and now it’s ours,” says Audius CEO Roneil Rumburg. Plenty of musicians and fans are sick of SoundCloud’s expensive hosting costs, haphazard content takedowns and lagging user experience as the site’s status withers. Audius wants to be the opposite, and offer a new home for artists where they’ll eventually […]

Updated with comment from Kik Kik Interactive CEO Ted Livingston announced today that the company is shutting down Kik Messenger to focus on its cryptocurrency Kin, the target of a lawsuit filed by the Securities and Exchange Commission. The company’s team will be reduced to 19 people, a reduction that will affect more than 100 […]

Coinbase is announcing a new initiative called the USDC Bootstrap Fund. As the name suggests, the company wants to support developers with a fund composed of USDC tokens. DeFi, or Decentralized Finance, is a recent trend in the blockchain space. DeFi projects are traditional financial products that you’d expect from a traditional bank, such as […]