Tagged: digital currencies

May 8, 2024 @ 8:27 am By Omar Faridi  |  

Over 90% of stablecoin transaction volumes are not being attributed to transfers made by legitimate users, according to a metric created by Visa Inc. (NYSE: V), indicating that these crypto tokens could be far away from becoming a popular method of payment. The dashboard from… Read More

May 7, 2024 @ 12:40 pm By Omar Faridi  |  

BitPay, the provider of Bitcoin and cryptocurrency payment services, released its latest report, “The 2024 BitPay Spending Report,” which provides a comprehensive look into cryptocurrency spending during the historic 2024 Bitcoin bull run. Key findings shared by Bitpay include: Crypto payments up 20% from January… Read More

May 4, 2024 @ 8:45 am By Omar Faridi  |  

MoonPay now lets users buy and sell crypto funded by PayPal (NASDAQ: PYPL). MoonPay’s integration with PayPal reportedly “offers a seamless fiat-to-crypto experience for all PayPal users in the U.S.” MoonPay, the Web3 infrastructure company, has recently announced a collaboration with PayPal that allows MoonPay… Read More

March 30, 2024 @ 5:34 pm By Omar Faridi  |  

Digital money, when carefully managed, can potentially aid Pacific Island growth and equality, according to an update shared by the IMF. A cautious step-by-step approach would help the region “explore new technologies effectively to deliver economic and social gains while managing risks,” the International Monetary… Read More

March 21, 2024 @ 3:35 am By Omar Faridi  |  

Conflux Network is introducing AxHKD, the Hong Kong Dollar-backed stablecoin. Conflux Network explains that it is facilitating the beta-testing of the Hong Kong Dollar-backed stablecoin, AxHKD, on its platform. AnchorX aims to dominate Asia’s digital currency landscape by delivering “reliable global exchanges.” AxHKD on Conflux… Read More

March 20, 2024 @ 4:49 pm By Omar Faridi  |  

Compass Coffee, a Washington, D.C.-based coffee chain, has announced a partnership with Coinbase (NASDAQ:COIN), a US-based cryptocurrency exchange with global operations. This collaboration allows customers to pay for coffee purchases using crypto, specifically stablecoins like USDC. Compass Coffee, an established business with a presence across… Read More

March 19, 2024 @ 1:56 am By Omar Faridi  |  

The Hong Kong Monetary Authority (HKMA) has recently introduced Phase 2 of the e-HKD Pilot Program. The Hong Kong Monetary Authority (HKMA) confirmed the launch of Phase 2 of the e-HKD Pilot Program, with a view to further “exploring innovative use cases for an e-HKD… Read More

March 11, 2024 @ 7:58 am By Michael Wong  |  

The Kremlin has announced plans to create an independent payment system within the BRICS group of nations, employing blockchain and digital currencies. Kremlin aide Yury Ushakov, in a detailed interview with Russian news agency TASS, highlighted the initiative aimed at developing a financial infrastructure that… Read More

February 29, 2024 @ 1:21 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) says that customers may at some point mistakenly send unsupported tokens to their Coinbase address on an unsupported chain. One example of this is BNB Smart Chain (formerly known as Binance Smart Chain) – which is currently “not supported by Coinbase and as… Read More

February 15, 2024 @ 3:11 pm By Omar Faridi  |  

Bitso—the crypto-powered financial services company in Latin America—announced that it has integrated a third Layer 2 solution that will facilitate fast and efficient transactions with Ethereum thanks to the incorporation of the Optimism network. Optimism is a Layer 2 or “Layer 2” blockchain that works… Read More

January 23, 2024 @ 6:55 am By Omar Faridi  |  

Crypto.com released its annual Crypto Market Sizing Report, showing that global cryptocurrency owners increased by 34% in 2023 – “rising from 432 million in January 2023 to 580 million in December 2023.” Similar to the previous year, this notable growth “continued despite several macro headwinds,… Read More

January 22, 2024 @ 6:01 pm By Omar Faridi  |  

Alchemy Pay, a payment gateway that connects crypto with traditional fiat currencies for businesses, developers, and end users, notes that the approval of the Bitcoin Spot ETF signifies a significant step “towards the enhanced institutionalization of cryptocurrencies, paving the way for bitcoin to reach a… Read More

January 14, 2024 @ 4:11 am By Omar Faridi  |  

Valmar Capital,  a digital assets multi-manager multi-strategy platform that brings together a broad array of crypto-strategies and emerging talent, has taken a look ahead to comment on key anticipated developments to watch in 2024. Valmar Capital, which says its approach is backed by institutional-grade infrastructure,… Read More

January 11, 2024 @ 11:10 am By Omar Faridi  |  

Bankrupt crypto lending platform Celsius recently filed its intent to claw back a number of pre-bankruptcy withdrawal requests. The struggling cryptocurrency lender formally submitted an intent to claw back certain funds from clients that withdrew $100,000 or more during the 3 months prior to Celsius… Read More

December 23, 2023 @ 4:22 am By Omar Faridi  |  

Crypto.com, which claims to be “trusted” by more than 80 million customers worldwide and says it is the supporter of regulatory compliance, security and privacy, signed a Memorandum of Understanding (MOU) with six major charities in Singapore in order “to help facilitate the acceptance of… Read More

December 23, 2023 @ 3:34 am By Omar Faridi  |  

Binance recently revealed that it administered “a survey to better understand their users’ motivations and reasons for using digital assets.” Drawing on a sample of over 1,000 respondents, the Binance survey found “that nearly half (45%) listed earning extra income as their primary use for… Read More

December 21, 2023 @ 7:11 am By Omar Faridi  |  

Ripple, the enabler of enterprise blockchain and crypto solutions, announced that the Central Bank of Ireland (CBI) has added its Irish subsidiary Ripple Markets Ireland Limited to its list of registered Virtual Asset Service Providers (VASPs). The decision will support Ripple’s business since, “as a… Read More

December 20, 2023 @ 7:11 am By Omar Faridi  |  

SlowMist are pleased to announce a strategic partnership with zkMe, a “significant” advancement in their commitment to blockchain compliance and privacy. As a key entity in on-chain analytics, MistTrack’s role in “detecting and preventing cryptocurrency money laundering is vital.” Their platform offers comprehensive tools “including… Read More

December 18, 2023 @ 7:50 am By Omar Faridi  |  

The laundering of “ill-gotten” cryptocurrency exerts a multifaceted impact on global financial and security landscapes, “presenting challenges for businesses, governments, and individuals alike,” according to an update from CertiK. CertiK notes in a blog post that for businesses, particularly those operating within the fintech and… Read More

December 15, 2023 @ 7:56 am By Omar Faridi  |  

Jameson Lopp, co-founder and CTO at Casa, has shared key insights after the widely reported Ledger hack / security breach that appears to be impacting a large number of DeFi platforms and dApps, with some unconfirmed reports indicating major losses of crypto funds. Lopp, who… Read More