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MetaMask launches new fiat purchase function for cryptocurrency
10.4.2023
The new feature will allow users to purchase cryptocurrencies using various payment methods, such as debit or credit cards, PayPal, bank transfers, and instant ACH
Ukraine Dismantles $40 Million Russian Crypto Pyramid
6.4.2023
Ukrainian law enforcement has exposed a financial pyramid originating from Russia suspected of making millions of U.S. dollars. The scam convinced victims to send fiat money and cryptocurrency by promising profitable investments in big companies around the world. Large Crypto Pyramid Scheme With...
US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto
6.4.2023
The U.S. Treasury has released a 42-page report assessing the risks of decentralized finance (defi). The report states that specific nation-state adversaries, cybercriminals, ransomware attackers, thieves, and scammers are using defi to “transfer and launder their illicit proceeds.”...
China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says
5.4.2023
An idea to establish an Asian Monetary Fund has caught the attention of the Chinese leadership, the head of the Malaysian government revealed. The prime minister believes there is no reason for his country, which is hurting from a strong U.S. dollar, to remain dependent on the greenback. Malaysia...
Binance self-custody wallet launches crypto-to-fiat off-ramp
5.4.2023
Trust Wallet has partnered with MoonPay and Ramp to allow customers to convert their crypto to fiat without using any centralized exchange
‘Over-Collateralization Can Help Mitigate the Risk of Stablecoin Depegging’ — Pendulum CTO
5.4.2023
Despite being touted as a game-changing innovation, the decentralized finance (defi) ecosystem is still not connected to fiat rails largely because of regulatory and compliance issues, Torsten Stuber, the CTO at Pendulum says. According to Stuber, the defi ecosystem will succeed in getting more...
BUSD deposits and withdrawals via OCBS suspended on Binance.US
31.3.2023
Binance.US said it temporarily disabled One Common Billing System and BUSD stablecoin pairs after halting Apple Pay and Google Pay deposits
Noble Partners With Circle Financial to Integrate USDC on Cosmos Blockchain
29.3.2023
According to the token protocol startup Noble, the second-largest stablecoin, USDC, will be integrated into the Cosmos blockchain, as the company has partnered with Circle Financial for the rollout. Noble details that the integration will give access to Circle’s USDC stablecoin to more than...
How does the monetary supply affect cryptocurrencies?
28.3.2023
Cointelegraph analyst and writer Marcel Pechman explains how the monetary supply affects cryptocurrencies
Nigeria CBDC adoption spikes as fiat currency shortage grip the nation
22.3.2023
The acute cash shortage in Nigeria was due to the central bank’s decision to replace older bank notes with bigger denominations amid rising inflation
Former White House Senior Advisor David Plouffe Joins Alchemy Pay Advisory Board
21.3.2023
Serving as a committee member of Alchemy Pay’s management and advisory board, and as Global Strategic Adviser to support Alchemy Pay’s expansion and growth in global markets, contributing actively to strategy, compliance and government relations. Alchemy Pay, Singapore based pioneer...
History of money: From fiat to crypto, explained
21.3.2023
Money’s history is extensive, yet modern currencies are primarily supported by the state’s management of the economy and inflation through fiat currency
Binance to Restrict Ukrainian Hryvnia Operations Via 2 Payment Providers
15.3.2023
Crypto exchange Binance will stop processing transactions with Ukrainian hryvnia through two payment platforms later in March. The move follows an earlier suspension of deposits and withdrawals using bank cards in the national currency of Ukraine. Ukrainian Users Lose More Fiat Options to Trade...
Alchemy Pay Partners With ZD Group, Parent Company of Mouette Securities, Shares Four Hong Kong Licenses and Receives Its Investment
14.3.2023
The leading fiat-crypto payment gateway, Alchemy Pay, has revealed that it has joined forces with ZD Group, the parent company of Mouette Securities, a reputable global investment fund. Within the frame of this strategic collaboration, ZD Group provides investment and shares its four financial...
Gemini says no funds at Signature Bank backing GUSD
13.3.2023
The company stated that it previously had a relationship with Signature but said it no longer has funds there
Crypto Payments Specialist Stellar Bridges Fiat and Stablecoins to Polkadot
13.3.2023
Do Kwon had the right idea, banks are risk to fiat-backed stablecoins: CZ
12.3.2023
Given Silicon Valley Bank’s direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the risks of stablecoins
‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion
11.3.2023
Silicon Valley Bank (SVB) has become the center of attention after its collapse prompted the U.S. Federal Deposit Insurance Corporation (FDIC) to shut the bank down on Friday. It was the largest U.S. bank failure since 2008, and various alleged catalysts have been pointed to. Some believe venture...
Binance Bans Russians From P2P Transactions With Dollars and Euros
10.3.2023
Cryptocurrency exchange Binance has introduced new restrictions for Russian users, in accordance with the latest European sanctions. The platform is restricting access to peer-to-peer (P2P) transactions in U.S. dollars and euros for traders based in the Russian Federation. Binance Prohibits...
Banks with crypto services require new Anti-Money Laundering capabilities
9.3.2023
Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions