Aave has launched GHO, its algorithmic dollar-pegged stablecoin on Ethereum in the decentralized finance space. Aave’s DeFi protocol has released GHO, its algorithmic USD-pegged stablecoin on Ethereum’s mainnet, with $2.19 million worth of GHO minted to date. Aave revealed the launch of GHO stablecoin through a July 16 blog post, describing it as a “decentralized,…
Indonesia is moving forward with its plans to launch a national cryptocurrency exchange, set to be introduced in the coming weeks. Indonesia’s Commodity Futures Trading Supervisory Agency (Bappebti) is set to launch the country’s national cryptocurrency exchange, which will become the exclusive platform for crypto transactions in the nation, as reported by local news agency…
Bipa intends to grow its user community and provide easy access to Bitcoin for people in Brazil. Bipa, a Brazilian startup focused on streamlining financial transactions using Bitcoin, has recently concluded its seed investment round, securing R$8 million (around $1.4 million). The funding will support Bipa’s mission of simplifying financial processes. Prominent investors in this…
FLOKI, listed on Binance, reveals its recent partnership with BitGo, a renowned crypto custody platform. Frequently associated with listings and partnerships, Floki Inu (FLOKI), a well-known meme token, made its way to the world’s largest crypto exchange, Binance, on May 5. The latest update reveals FLOKI’s collaboration with BitGo, a prominent crypto custody platform. The…
Borrowers can obtain a loan by using one cryptocurrency as collateral while staking another. They have the flexibility to repay the loan at any point before or on the specified end date. Bitget has entered the cryptocurrency lending sector by introducing a Crypto Loans product. With the aim of attracting customers who are unhappy with…
Thailand joins Singapore in banning retail lending and staking services as part of the growing global scrutiny on crypto exchanges in Southeast Asia. The Thai Securities and Exchanges Commission recently banned crypto exchanges from providing lending and staking services to retail customers, following the footsteps of Singapore’s Monetary Authority of Singapore (MAS) which also implemented…
Users will have the opportunity to deposit specific coins and, in exchange, receive a corresponding asset as a reward. Bitget, a crypto exchange based in Seychelles, announced the launch of a cryptocurrency lending product in a press release on July 4. Through Bitget’s new Crypto Loans service, users will have the opportunity to deposit less…
Binance and Alternative Airlines join forces to enable bookings for 600 airlines with Dogecoin, XRP, and other cryptocurrencies Binance Pay, the payment service offered by Binance Exchange, has announced its support for Dogecoin (DOGE), XRP, and other digital currencies. Users can now utilize these cryptocurrencies to make payments for approximately 600 airlines worldwide, expanding the…
Mastercard empowers developers with tools for creating innovative payment apps for enhanced efficiency. Mastercard is preparing to launch a “Multi Token Network” in beta soon for financial payments. Raj Dhamodharan, Mastercard’s EVP and Head of Crypto and Blockchain, describes it as a blockchain-powered app store for creating regulated financial applications. It will essentially be an…
Hong Kong Virtual Asset Consortium Considers Adding Terra Luna Classic (LUNC) to Digital Asset Index. Hong Kong’s rating agency, Hong Kong Virtual Asset Consortium (HKVAC), is considering adding Terra Luna Classic (LUNC) to its digital asset index. The agency has already released an initial list of cryptocurrencies for its large market cap index and plans…
Hong Kong Virtual Asset Index Includes SHIB, XRP, DOGE, and ADA XRP, SHIB, DOGE, and ADA, along with 26 other popular cryptocurrencies, are featured in the HKVAC index. The Hong Kong Virtual Assets Consortium (HKVAC), a prominent rating agency for virtual assets in Hong Kong, has launched a new index that evaluates 30 well-known cryptocurrencies….
FTX CEO John Ray III is reaching out to potential participants to relaunch and rename the FTX cryptocurrency exchange. FTX, a troubled cryptocurrency exchange, is making efforts to relaunch its international platform, despite facing reputation damage, as reported by the Wall Street Journal. The exchange’s new management team revealed that approximately $9 billion of customer…
Bank of Spain Grants Latest Licenses to Crypto Companies Ripio Secures Bank of Spain Approval for Virtual Currency Exchange and Custodial Services. Ripio CEO, Sebastián Serrano, expressed his excitement on Twitter as Ripio received approval to operate in Spain after significant effort. Bit2Me, a prominent Spanish crypto exchange, was the first to obtain a crypto…
Rarity-based Rewards and Benefits Await ForeverCR7 NFT Holders. Limited-Edition NFT Collection Showcasing Cristiano Ronaldo’s Iconic Goals: Get ready for the highly anticipated launch of ForeverCR7: The GOAT NFT collection, brought to you by Binance in collaboration with legendary footballer Cristiano Ronaldo. Set to debut on July 3, this collection is a special tribute to Ronaldo’s…
After obtaining full licensing in Dubai, Bybit intends to operate a comprehensive exchange with crypto lending, payment solutions, investment opportunities, and more. Bybit, a cryptocurrency exchange based in Dubai, is currently unable to serve all customers due to limitations imposed by its existing licensing, as stated by the CEO. However, there is progress in this regard…
Sygnum AG, the Swiss digital-asset bank, witnesses robust crypto demand, potentially expanding brokerage operations in Singapore. Sygnum AG, a Swiss digital-asset bank, sees strong demand for crypto transactions from fund houses, family offices, and institutions. This is expected to boost revenues for their newly established brokerage business in Singapore after obtaining an in-principle approval from…
Siemens AG, a conglomerate based in Germany, was reportedly the first company to conduct euro-based transactions using JPM Coin. JPMorgan, an investment bank in the United States, is extending the use of its blockchain project, JPM Coin, into the realm of traditional banking. The bank has introduced euro-based payments for its corporate clients by deploying…
Crypto.com has recently obtained regulatory approval in Singapore, receiving a MPI license from local regulators. This approval follows closely after the latest regulatory clearance obtained by the crypto exchange. Crypto.com, a cryptocurrency exchange service provider based in Singapore, has received a virtual asset service provider (VASP) registration from the Bank of Spain. This regulatory…
Mastercard expands Engage program to support the launch of cryptocurrency card programs, facilitating collaboration between traditional credit card industry and crypto companies. Mastercard Engage expedites the process of launching crypto cards and enables crypto-to-fiat conversions by establishing partnerships with card issuers and BIN sponsors in the crypto industry. Mastercard’s timely expansion of its Engage program…
Singapore’s Monetary Authority (MAS) grants Ripple an in-principle license for Major Payment Institution, overcoming regulatory challenges amid ongoing US SEC lawsuit. Blockchain company Ripple achieves in-principle approval for Major Payment Institution License from Singapore’s Monetary Authority (MAS), amid regulatory challenges in the US, including an ongoing lawsuit with the SEC. Ripple achieves a major milestone…
Apsys Partners with French Fintech Lyzi to Introduce Nationwide Crypto Payments at its Shopping Malls Real Estate Powerhouse Apsys Teams Up with Fintech Lyzi to Revolutionize Crypto Payments in France and Poland. Apsys, renowned for its commitment to enhancing customer experiences, has taken a groundbreaking step by introducing innovative payment solutions at its shopping malls…
Tether’s expansion on the Kava blockchain boosts liquidity and provides increased blockchain options, resulting in a 5% surge in KAVA token amid a broader crypto market recovery. Leading stablecoin issuer, Tether, is expanding its presence by launching its USDT stablecoin on the Kava blockchain. This strategic move is intended to improve liquidity and offer users…
Deutsche Bank Pursues Bafin License for Crypto Custodial Services to Boost Fee Income in Corporate Unit Despite increased regulatory scrutiny, Deutsche Bank, the largest bank in Germany, is undeterred and has applied for permission to provide custodial services for digital assets like cryptocurrencies. This move highlights the bank’s interest in entering the crypto space and…
The platform launched a token aggregator for seamless trading and introduced a complimentary token locker feature for users of the decentralized exchange (DEX). Baby Doge Coin (BABYDOGE), a direct competitor to Shiba Inu, has recently launched its own decentralized exchange (DEX) platform called BabyDogeSwap. This development has opened up new opportunities and services for the…
Fidelity Investments to File Bitcoin ETF Application and Bid for Grayscale Acquisition Fidelity Investments, a leading asset management firm with $4.2 trillion AUM, is reportedly preparing to file a spot Bitcoin ETF, inspired by BlackRock iShares’ spot Bitcoin ETF. Additionally, Fidelity is planning to make an offer to acquire Grayscale Investments, the largest digital asset…
Amidst regulatory challenges and a lawsuit filed by the U.S. Securities and Exchange Commission (SEC), Binance CEO has made a significant move by announcing the introduction of Spot DCA (Dollar-Cost Averaging) on the Binance Spot platform. This initiative aims to address the impact of market volatility and prioritize the interests of Binance users during these…
Indonesia Approves 501 Tradable Cryptocurrencies, Including BTC, ETH, ADA, XRP, and More The Indonesian government has made an exciting progress in the world of cryptocurrencies. They have just announced a list of 501 cryptocurrencies that can be traded. This is a big step forward in creating a safe and clear system for people in Indonesia…
Rosalind’s findings favor Bank of England’s imminent launch of its own CBDC, informally known as “Britcoin After a yearlong project called Rosalind, led by the Bank of England (BOE) and the Bank for International Settlements (BIS), the BOE is nearing the launch of its own digital currency. The project’s conclusion indicates that the technology has…
Adidas and Fewocious Partner to Create Sneakers and NFT Collaboration Adidas, a well-known apparel brand, has teamed up with digital artist Fewocious for a unique collaboration that combines physical sneakers with NFT technology. The collaboration aims to explore the concept of “art of play” and will introduce 4,500 editions of an NFT mint pass called…
10,000 Participants to Join Thailand’s August-Long CBDC Retail Transaction Experiment; Krungsri Employees and Local Business Owners to Assist In an exciting development, the Bank of Thailand is set to initiate a pilot project this month to test a central bank digital currency (CBDC) specifically designed for retail transactions. Operating within a regulatory sandbox, this groundbreaking…
Cryptocurrencies, particularly lesser-known altcoins outside the top 10 by market capitalization, remain difficult for the general public to access, prompting the rise of new cryptocurrency ATMs As cryptocurrencies attract more attention, such as the European Union’s recent MiCA regulation and the significant gains of memecoins, a major issue persists: the lack of easy access for…
The EU’s EBSI Vector project and Protokol blockchain solutions are collaborating to develop a program that uses blockchain technology to verify credentials of EU citizens across borders The European Commission has taken steps to adopt blockchain technology in order to revolutionize the verification process of educational and professional credentials across different countries. In a recent…
Volcano Energy, a renewable energy developer, has announced that the funds will be utilized for the establishment of a power generation park with an estimated capacity of 241 MW The public-private partnership in El Salvador, aimed at establishing a Bitcoin mining farm, has received its initial investment of $250 million out of a total $1…
The Digital Cash platform by Crunchfish revolutionizes payment services by providing offline payment capabilities, ensuring resilience in the face of connectivity or server outages. This innovative solution enhances various payment types, including Instant, EMV, CBDC, and cryptocurrency, while enabling seamless transactions both online and offline. With Crunchfish Digital Cash, users can experience uninterrupted payment convenience…
With the recent removal of crypto trading restrictions for individual investors in Hong Kong on June 1st, the investment community eagerly awaits further updates and future plans. Hong Kong’s Financial Services and Treasury Secretary, Xu Zhengyu, delivered significant statements on June 5th regarding the latest advancements and measures taken in the fintech and other innovative…
JPMorgan is collaborating with Indian banks to launch a pilot project that enables efficient interbank dollar trade through blockchain technology JPMorgan Chase and Co., in partnership with six Indian banks, has launched a blockchain-based platform for interbank dollar transactions. This initiative supports India’s efforts to establish the Gujarat International Finance Tec-City (GIFT City) as a…
MUFG has not disclosed the names of the companies that will be the initial users of its platform. However, a few banks are said to have already chosen a different stablecoin solution Mitsubishi UFJ Financial Group (MUFG), a major bank in Japan, has introduced its stablecoin issuance platform called “Progmat Coin.” The platform will…
CoreWeave secures $200 million in extended Series B funding, followed by a reported AI cloud computing deal with Microsoft. According to reports, Microsoft has entered into an agreement with Core Weave, a former Ethereum miner, to utilize its cloud computing infrastructure in bolstering its Artificial Intelligence-driven services. Citing insider sources, CNBC’s June 1 report suggests…
With the newly acquired license, Mercado Bitcoin intends to provide a unique blend of crypto-powered financial services alongside traditional financial offerings, capitalizing on the vast potential of both domains. According to a report by Valor Economico newspaper, Brazil’s central bank granted a payment institution license to Mercado Bitcoin, the largest cryptocurrency exchange in the country,…
Russian Firms Appeal to President Putin for Crypto Support and Legalization for International Settlements Russian President Vladimir Putin has received a request to assist in the legalization of cryptocurrency payment businesses. The request was made through the annual report of Russia’s Business Ombudsman, Boris Titov, who operates from the Kremlin. In Russia, cryptocurrencies such as…
ANA Group, also known as All Nippon Airways, has introduced the “ANA GranWhale NFT MarketPlace,” an NFT platform for trading art and photograph collectibles. The platform operates under ANA NEO, the company’s metaverse subsidiary, as revealed in a recent tweet. According to a statement issued on May 30, ANA announced the availability of the first…
Floki Inu, the fourth-largest meme coin based on market capitalization, has announced an important partnership. The collaboration, which begins today, focuses on promoting the use of Floki through a marketing campaign in conjunction with Binance Pay. As part of the campaign, users will be rewarded for their participation. According to the announcement, users who buy…
Gemini, a cryptocurrency exchange founded by the Winklevoss twins, is set to obtain a license to offer crypto services to customers in the United Arab Emirates (UAE). Gemini, the cryptocurrency exchange owned by the Winklevoss twins, is expanding into the UAE market due to the increasing interest in cryptocurrencies among UAE citizens. The decision to…
Crypto.com, based in Singapore, has achieved another regulatory milestone by obtaining a license for digital payment token services. Crypto.com, a cryptocurrency exchange based in Singapore, recently announced that it has received a significant license from the Monetary Authority of Singapore (MAS) to provide digital payment token (DPT) services. This follows Crypto.com’s earlier approval from MAS…
First Digital Group has introduced its own stablecoin, which is available on both the Ethereum and BNB blockchains. First Digital, a trusted custodian and registered trust company Headquartered in Hong Kong, has announced the launch of its new stablecoin called First Digital USD (FDUSD). First Digital, a Hong Kong licensed trust company, launches a new…
Crypto firm Magic, which provides non-custodial wallet infrastructure, has secured $52 million in strategic funding. The funding round was led by PayPal Ventures and counts enterprise clients such as Macy’s and Mattel among its customer base. According to a press release, the funding will support the expansion of Magic’s functionality to cater to additional use…
Last week, President Bukele met with Ammous, the author of “The Bitcoin Standard.” While in El Salvador, Ammous gave talks to students at the Cubo+ venue. El Salvador’s President Nayib Bukele has appointed Saifedean Ammous, the author of “The Bitcoin Standard,” as an economic advisor for the country’s newly created National Bitcoin Office. According to…
XDC Network Forms Strategic Partnership with SBI Group’s Subsidiary to Enhance Trade Finance Efficiency in Japan XDC Network has reached a significant milestone by joining forces with SBI Group’s subsidiary, SBI VC Trade, to provide comprehensive services to customers in Japan. With the aim of enhancing efficiency in the Japanese trade finance market, which sees…
Hong Kong is actively embracing cryptocurrencies by testing a Central Bank Digital Currency (CBDC) and approving retail trading of crypto. The city has been making significant progress towards being more crypto-friendly throughout the busy month of May. In a recent blog post, Hong Kong’s financial secretary, Paul Chan Mo-po, expressed the region’s intention to regulate…
BitFlyer Supports Transactions to and from Self-Custody Wallets like MetaMask Despite Exchange Restrictions. Japanese Cryptocurrency Exchanges Prepare for Implementation of Travel Rule Anti-Money Laundering Regulations. BitFlyer, a leading Japanese cryptocurrency exchange, has introduced new measures in response to stricter anti-money laundering (AML) regulations governing crypto transactions in Japan, which will come into effect on May…