Analysis Today TheBitTimes.com

Decentralized exchange Mango Markets is responding to scrutiny from U.S. regulatory bodies by allocating $250,000 worth of USD Coin (USDC) to its course. This move comes on the heels of recent woes, including a hack and ongoing legal proceedings that have led the DAO, or decentralized autonomous organization, to hire an intermediary who will guide the project through its regulatory battles. Allocating resources for a solution Mango Market’s DAO is responding to regulatory inquiries by approving a budget of $250,000 in USD Coin (USDC). This allocation, set for approval on Jan. 6, aims to hire a representative who will assist in addressing concerns raised by U.S. regulators. If approved, Poland-based company Cyberbyte, owned by Mango Markets contributor Adrian Brzeziński, will represent MangoDAO for a one-year term. Responsibilities include engaging legal counsel and working towards resolutions to regulatory matters. The hack and its aftermath Over a year ago, Mango Market...

“A new alliance between Circle and Coins.ph is set to transform the financial landscape for 18 million users, promising them swifter, more affordable, and readily accessible remittance options. Circle, the issuer of the United States dollar-pegged stablecoin USDC, is significantly expanding its footprint in the Philippines through this exciting local partnership. On the 10th of October, Circle unveiled a strategic collaboration with Coins.ph, a prominent cryptocurrency exchange and digital wallet provider in the Philippines. This dynamic partnership between Coins.ph and Circle is poised to revolutionize cross-border transactions and payments, making them faster and more cost-effective for the Filipino people, as both companies emphatically stated. In 2022, the average cost of sending a $200 payment to Asia was 5.7%, according to World Bank data. In the Philippines, remittances pose an even more intricate challenge, especially for the unbanked, constituting 44% of the adult popul...