Tether CTO Conceals Location of Bitcoin Mining Site
Kimberly CrainOn August 24, the chief technology officer at Tether, Paolo Ardoino, shared on his X account an image with large…
Spanish Central Bank Executive Reviews Viability of Private Payment Amid Digital Euro
The Deputy Governor of Banco de España, Margarita Delgado, delved into the financial stability issues concerning the rosy display of…
Crypto Exchange Coinbase Buys Stake in Circle’s USDC
Hassan Mehmood (Saudi Arabia)Coinbase Global has introduced new changes in the USDC management systems. The listed company has invested in equity stakes in…
FedNow: The U.S. Federal Reserve’s Instant Payment System
Curtis DyeThe Federal Reserve, the central bank of the United States, unveiled FedNow. This cutting-edge payment system, which operates in real-time…
PayPal UK Suspends Bitcoin Purchase Temporarily Until 2024
The American financial tech multinational announced temporarily suspending crypto purchases within the United Kingdom (UK). The payment service firm indicated…
Singapore Introduces New Regulatory Framework for Stablecoins
Regulators in Singapore are opening up to stablecoins based on the changing policies. Recently, Monetary Authority of Singapore (MAS) has…
Sequel To Singapore’s Regulation, Digital Asset Companies, Others Explore Stablecoin
Brenda CollinsA report from the Asian cryptocurrency industry says that with the recent release of a thorough regulatory framework by the…
Maker Protocol Revenues Realize Record $165M Revenue as Interest Rates Surge
The Maker Protocol reports that increased US treasury yields and DAI returns boosted its revenue to a two-year high. A…
Zunami Protocol Suffers $2.1 Million Exploit Following Price Manipulation
The decentralized finance (DeFi) platform Zunami Protocol admitted a $2.1 million exploit. The announcement conveyed by the DeFi protocol on…
Coinbase Terminates Tether’s USDT and RAI Trading in Canada
The American-based crypto exchange Coinbase announced discontinuing Tether's USDT trading alongside DAI and RAI, alleging they failed to satisfy the…
PayPal Strongly Believes In Its Stablecoin Success Despite Multiple Challenges
In a recent report, the giant payment settlement platform, PayPal, has shown a strong belief in the ability of its…
US Representative Maxine Waters Calls for Stablecoin Regulation After PayPal Debut
Maxine Waters has issued warnings concerning the stablecoin project announced by PayPal. She has maintained that the stablecoin poses a…
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KPMG’s Latest Report Reveals Bitcoin’s ESG Uses, Debunks Misconceptions
The renowned Big Four professional services platform, KPMG, has released its latest publication, a comprehensive report explaining the intricate relationship…
Tether’s Excess Reserves As Of Q2 2023 Stands At Over $3B
Tether USDT's parent company, Tether Holdings, has reported a remarkable operational profit exceeding the $1 billion mark during the year's…
US House Committee Approves Bill to Allow Self-Custody of Cryptocurrencies
The US House Committee has recently passed a legal provision to allow self-custodial options for cryptocurrency investors. In the wake…
Eco App Unveils Beam Wallet Integrating Web2 and Web3
Andressen-backed Eco App is unveiling a unique wallet that interlinks Web2 at the front and crypto at the back. The…