Hodler’s Digest, May 14-20: Crypto Ban FUD And Blockchain Adoption GaloreTop Stories This Week

Circle Partners With Bitmain For Planned Release Of USD-Backed Stable Coin

Circle Internet Financial Ltd. has finished a $110 mln investment round with led by Chinese mining hardware manufacturer Bitmain as part of their project to create a US-dollar backed stable coin. The Circle USD Coin, which will function as an ERC-20 token on the Ethereum network, will reportedly be integrated into the Circle Pay payment app and in Circle Trade, as well as traded on the Poloniex exchange.

Microsoft’s Bing Joins Facebook, Twitter In Crypto Ad Ban

Search engine Bing will be blocking crypto-related advertisements by July 2018, citing crypto’s lack of regulation as causing too much “risk” for Bing users. The news may have led to the end of the week’s crypto market drop that brought BTC below $8,000 and ETH below $700.