Coinbase, a NASDAQ-listed cryptocurrency exchange that charges 1.5% for the privilege of buying and selling bitcoin, has announced that it is launching its own “fact-checking” service as the company wants to publish the truth and build a direct relationship with audience. CEO Brian Armstrong wants to bring “radical transparency” to the crypto sphere and says that this means “companies will increasingly need to be comfortable sharing facts which paint them in a negative light as well”. IDG Capital was an angel investor in Coinbase in 2013.

Circle, a cryptocurrency-based financial service startup, has raised $440 million in new funding. Jeremy Allaire, Circle's chief executive and cofounder, said the company is focused on its U.S. dollar-backed USD Coin, a stablecoin that is meant to maintain a fixed price. USDC, a collaboration with Coinbase, is currently one of the most popular stablecoins used for digital payments across the crypto industry. IDG Capital was the lead investor in Circle’s $50 million Series C and $60 million Series D funding rounds and also helped coordinate the Poloniex acquisition.