SEC Closes PayPal Stablecoin Probe with No Action The Securities and Exchange Commission (SEC) recently announced the closure of its investigation into PayPal’s stablecoin, PYUSD, with no further action to be taken. This decision comes in the wake of PYUSD experiencing a significant 75% rise in supply throughout the course of this year. The surge […]
UK and US join forces to promote responsible cryptocurrency adoption
UK and US Join Forces to Promote Responsible Cryptocurrency Adoption The collaboration between the United Kingdom and the United States in promoting responsible cryptocurrency adoption marks a significant milestone in the ever-evolving landscape of digital finance. International cooperation is deemed essential for success, with both countries recognizing the importance of setting groundbreaking regulatory standards for […]
Mastercard launches stablecoin payment support
Mastercard Pioneers the Future of Payments with Stablecoin Transaction Support In the fast-paced world of digital transactions, Mastercard has once again taken a groundbreaking step by launching stablecoin payment support. This strategic move comes at a time when stablecoin transactions are gaining momentum, offering users a seamless and secure way to engage in crypto payments. […]
El Salvador keeps buying Bitcoin under the IMF radar
El Salvador’s Strategic Move: Buying Bitcoin Under the IMF Radar El Salvador, a small Central American country, has been making waves in the financial world with its bold move to adopt Bitcoin as legal tender. Despite facing scrutiny from the International Monetary Fund (IMF) over its decision to embrace the world’s largest cryptocurrency, El Salvador […]
Cash-only Tuvalu installs ATMs
Cash-only Tuvalu Embraces Electronic Banking with New ATMs In a significant leap towards modernization, the remote island nation of Tuvalu has recently introduced ATMs and point-of-sale systems to cater to the growing demand for electronic banking services. Previously known for its cash-only economy, Tuvalu’s embrace of technology in the financial sector marks a pivotal moment […]
Nigerian court postpones Binance hearing over jurisdictional challenge
Nigerian Court Delays Binance Hearing Amid Jurisdictional Challenge The recent postponement of the Binance hearing by a Nigerian court has sparked renewed interest and debate within the cryptocurrency community. The world-renowned digital asset exchange, Binance, is currently contesting the court’s approval of substituted service, citing concerns that Nigerian authorities may have circumvented essential judicial procedures […]
Itaú Unibanco explores real-pegged stablecoin creation
Itaú Unibanco Explores Real-Pegged Stablecoin Creation Itaú Unibanco, one of Brazil’s leading financial institutions, has set its sights on delving into the world of stablecoins by exploring the creation of a real-pegged digital currency. With the rise of blockchain technology and the increasing popularity of cryptocurrencies, Itaú Unibanco’s move towards stablecoin development showcases a strategic […]
Swiss shift to digital payments opens door for stablecoins
Swiss Embrace Digital Payments: A Doorway to Stablecoins Switzerland, known for its precision watches, impeccable chocolates, and picturesque landscapes, is now making a name for itself in the digital payment realm. Recent data has revealed that digital payments in the country have surged to represent 35% of all in-store purchases, surpassing cash transactions for the […]
Kazakhstan proposes the creation of a crypto bank
Kazakhstan’s Bold Move: Proposing the Creation of a Crypto Bank In a world where cryptocurrencies are gaining more traction by the day, countries are finding themselves at a crossroads. On one hand, there is the allure of digital currencies, promising faster transactions, lower fees, and increased financial inclusion. On the other hand, there are concerns […]
Custodia and Vantage launch first US bank-issued stablecoin
Tokenised Banking Deposits: Custodia and Vantage Lead the Way in US Stablecoin Innovation In a groundbreaking move that could revolutionize the financial landscape, Custodia and Vantage have joined forces to launch the first US bank-issued stablecoin. This collaboration marks a significant milestone in the integration of blockchain technology into traditional finance, showcasing the potential for […]