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MoneyGram launches USDC settlement using the Stellar blockchain
7.10.2021
The partnership will enable MoneyGram customers to fund and withdraw from their accounts using the USDC stablecoin at physical branches
‘Faster and Cheaper Cross-Border Transfers’ — Banking Report Led by BIS Highlights the Benefits of Cryptocurrency
30.9.2021
According to a report published by the Bank of International Settlements (BIS) and a group of central banks, digital currencies can lead to faster settlement and cheaper transfers. Moreover, the banking group leveraged a prototype that shows how money transfers can be done in seconds with very...
Labor Union Suggests $18M Activision Blizzard Settlement Akin To Pennies
30.9.2021
Following news that Activision Blizzard plans to settle the U.S. Equal Employment Opportunity Commission’s (EEOC) complaint for just $18 million, workers at a labor union say it doesn’t do enough to curb “corporate bad actors.”Read more
BIS Asks Central Banks to Urgently Develop CBDCs to Compete With Crypto Assets
12.9.2021
The head of the Bank of International Settlements (BIS) Innovation Hub, Benoît Cœuré, has urged central banks to act now on central bank digital currencies (CBDCs) to compete with initiatives in the private sector, including cryptocurrencies. “CBDCs will take years to...
SIX Swiss Exchange Receives Regulatory Approval to Launch Digital Asset Bourse
11.9.2021
Switzerland’s stock exchange SIX has won regulatory approval to launch its long-awaited bourse for digital assets. This authorization enables the exchange “to go live with a fully regulated, integrated trading, settlement, and custody infrastructure based on distributed ledger...
Leading Auction House Sotheby’s Auctions 107 Bored Ape Yacht Club NFTs for $24 Million
11.9.2021
The British-founded American multinational corporation headquartered in New York City, Sotheby’s, closed the Yuga Labs “101 Bored Ape Yacht Club” non-fungible token (NFT) collection auction at $24.3 million for the lot. The auction ended on September 10 and surpassed...
Australia, Singapore, Malaysia, and South Africa to Trial Cross-Border Digital Currency Payments
3.9.2021
The central banks of Australia, Singapore, Malaysia, and the Republic of South Africa have set out to test the use of state-issued digital currencies in cross-border payments. The trial, led by the Bank for International Settlements, aims to establish whether they can simplify transactions and make...
SEC’s Pierce Returns to the Warpath to Criticize Poloniex Settlement
10.8.2021
Source: A screenshot, Youtube/CNBC Television
One of the commissioners of the America financial regulator, the Securities and Exchange Commission (SEC), has launched another blistering attack on her own organization after the Poloniex crypto exchange agreed terms on a circa USD 10.4m settlement...
BREAKING: BitMEX announces $100M settlement with FinCEN, CFTC
10.8.2021
No mention was made of criminal charges against former CEO Arthur Hayes or any other executives at the firm
'Crypto Mom' Hester Peirce slams SEC for $10m Poloniex settlement
10.8.2021
“Crypto mom” Hester Peirce has slammed SEC’s $10 million settlement with Poloniex, challenging the opaque regulations U.S.-based crypto firms must navigate
China Offers Medics Digital Yuan Insurance Policy for Covid-19
21.7.2021
China’s first insurance policy using the digital yuan for settlement has been issued in Shenzhen, local media reported. The new product, targeting medical personnel exposed to coronavirus risks, is offered by the country’s largest insurer, Ping An. The financial giant also has fintech...
IMF, World Bank, BIS Recommend Countries Work Together on CBDCs to Enhance Cross-Border Payments
18.7.2021
The International Monetary Fund (IMF), the World Bank, and the Bank of International Settlement (BIS) have conducted an extensive study of using central bank digital currencies (CBDCs) for cross-border payments. Their report to the G20 states that enhanced cross-border payments “can...
SEC Coinschedule Settlement Opens up Old Crypto Securities Wounds
15.7.2021
America’s top financial regulator, the Securities and Exchange Commission (SEC) has announced that it has settled charges against the British firm Blotics, the company behind the Coinschedule initial coin offerings (ICOs) profiling site. But some key voices within the SEC are not happy with what...
Africa Will ‘One Day Have a Common Currency’ Says Secretary General of African Continental Free Trade Area
13.7.2021
The secretary-general of the African Continental Free Trade Area (AFCFTA) secretariat, Wamkele Mene, says Africa will “one day have a common currency” via a proposed “Pan-African Payment and Settlement System (PAPSS).” He adds that such a currency will help “ease...
UN Kenyan Mission Praises Local Blockchain-Based Initiative for Helping to Reduce Poverty
25.6.2021
The United Nations (UN) mission in Kenya recently praised a local blockchain-based community inclusion currency (CIC) initiative for its part in helping to reduce poverty in one of the country’s poor informal settlements. The mission’s sentiments follow a tour of the Mukuru informal...
Coinbase Approved to Enter Japanese Cryptocurrency Market
23.6.2021
Coinbase is now registered as a cryptocurrency exchange to operate in Japan. The Japanese financial regulator has approved Coinbase to trade five cryptocurrencies. Japan’s top financial regulator, the Financial Services Agency (FSA), announced last week that it has registered Coinbase as...
Bank of France, Swiss Crypto Bank Test Securities Settlement Using CBDC
23.6.2021
The Bank of France has successfully completed an experiment involving the use of CBDC to settle listed securities. The test has been carried out with the help of an alliance of partners led by SEBA Bank, a digital asset banking provider based in the Swiss crypto valley. Central Bank and Crypto...
Signature Bank’s Blockchain Payment Platform to Accept Trueusd Stablecoin
21.6.2021
As Signature Bank expands its commercial banking offerings, the trueusd stablecoin has been integrated with its Signet blockchain-based digital payment platform to deliver instant dollar payments. Signet Integration to Deliver 24/7 Dollar Payment and Settlement As more enterprises flirt with...
Banque de France tests digital currency-based securities settlement
21.6.2021
The Bank of France has completed a central bank digital currency pilot for securities transactions in collaboration with Swiss crypto bank SEBA
Ultra-Exclusive Surfside Penthouse in Miami Sells for $22 Million in an All-Crypto Deal
11.6.2021
On May 27, the state of Florida saw one of the largest real estate sales in cryptocurrency, as a Miami Beach ultra-exclusive luxury penthouse was sold for over $22 million. The penthouse located on the ninth floor of the 12-story building offers 5,067 square feet of space and a 2,960-square-foot...