American fintech giant, Circle has launched its new Euro-backed stablecoin, EURC on the Stellar blockchain. EURC was launched last year on Ethereum and then Avalanche in May this year. The stablecoin was launched as a way to bring more efficient and faster…
Leading crypto exchange Binance is working in partnership with Japan’s top bank, MUFG to study the issuance of a new stablecoin pegged to fiat currencies. The exchange in a statement on Tuesday said Binance Japan Inc. is conducting a joint study with…
Since 2022, the Terra Classic community has been pursuing ways to repeg its stablecoin USTC, which formed a bearish market structure. In a recent report, the Terra community suggested that the stablecoin issuer should cease minting digital assets. Also, the community urged…
On Friday, September 15, renowned crypto mogul Mark Cuban fell victim to a phishing attack that resulted in the loss of a substantial amount of assets. Reports indicated that hackers drained assets with $87000 from Cuban’s hot wallet. The incident was first…
On Friday, September 8, a strong earthquake of magnitude 6.8 struck Morocco, leading to massive loss of lives and destruction of property. The earthquake claimed over 2800 lives and left 2,500 Moroccans injured. A press release from the Moroccan government demonstrated that…
An advanced report issued by Binance reveals that the crypto exchange seeks to widen its market presence in Latin America by extending its offering. The August 30 report shows that the crypto exchange has officially launched a unique crypto-to-bank account to facilitate…
Three Republican lawmakers have accused the Federal Reserve of delaying the progress of the Stablecoin regulation bill. The three lawmakers, House Financial Services Committee Chair Patrick T. McHenry, R-N.C., Rep. Bill Huizenga, R-Mich., and Rep. French Hill, R-Ark., stated this in a…
In an X post (formerly Twitter), Num Finance has released a stablecoin pegged to the Colombian local currency. The announcement revealed that the stablecoin dubbed nCOP was centered on the Polygon network. The nCOP aims to transform the remittance market, which has…
In an advanced report, the leading stablecoin issuer, Tether, revealed that the firm has invested in creating innovative software to improve Bitcoin mining activities. The proposed software will support Bitcoin mining operations that leverage data analytical tools and renewable energy. Addressing the…
Payment giant PayPal is entering the crypto space in a big way. Shortly after launching its USD-pegged, Ethereum-based stablecoin PYUSD, the company has announced plans to launch a crypto hub for select users. PayPal updated its terms and conditions to introduce Cryptocurrencies…
The Bank of America says PayPal’s newly launched stablecoin, PYUSD may have a hard time getting adoption, at least in the short term. The bank stated this in a report based on recent research it carried out concerning the stablecoin. First, PYUSD…
Paypal’s newly launched stablecoin, PYUSD will not affect Tether’s USDT, Tether Chief Technical Officer (CTO) Paolo Ardoino has said. Ardoino mentioned this while speaking with The Block concerning the launch of PYUSD earlier today. He said the launch will not impact USDT…
Democrats in the U.S. House of Representatives have kicked against a bill to overhaul how financial laws treat crypto assets. According to the lawmakers, the bill is overly friendly towards crypto. Speaking on the proposed bill, Rep. Maxine Waters, the top Democrat…
The Republic of Palau has launched a stablecoin, Palau Stablecoin (PSC) in collaboration with Ripple. The Director of Palau’s Digital Residency Program and a member of Palau’s Ministry of Finance, Jay Hunter Anson made the announcement on Twitter. According to Anson, the…
The largest crypto exchange in the US by trading volume, Coinbase, announced on Wednesday, July 12, an upgrade on its digital wallet. The Coinbase team introduced an encrypted messaging feature on the wallet to facilitate users communication. The report revealed that Coinbase…
On July 7, the American-based crypto solution provider Ripple Labs announced plans to launch a new program utilizing tokenization technology to transform the real estate sector. In a Twitter statement, Ripple’s central bank digital currency (CBDC) strategic adviser Antony Welfare explained the…
Japan’s largest bank, Mitsubishi UFJ Financial Group Inc. (MUFG), is reportedly in talks with multiple parties to issue global stablecoins. This is in line with the bank’s attempt to leverage blockchain technology to enhance its operations and increase efficiency. The move is favored…
Turkish citizens are turning to cryprocurrencies amidst growing economic challenges. According to reports, more Turks are renewing their interest in crypto as the economy bites harder, especially as the Turkish Lira continues to lose value. Over the past years, the Turkish Lira…
The Massachusetts-based crypto payment company Circle updated the Twitter community on June 1, plans to launch an itself-own stablecoin pegged to the US dollar USDC.e. The tweet revealed the Circle’s stablecoin would be centred on the Arbitrum network. A subsequent tweet from…
The famous Bitcoin payment company Strike has revealed plans to broaden its market presence to over 65 countries. On May 19, the Strike chief executive officer Jack Maller conveyed an advanced report on the company expansion plan. Before this, Strike announced plans…
