Search
Monei Starts Conducting Euro Stablecoin Tests
2.2.2024
European payment platform Monei has announced the start of the testing phase of EURM, a euro-pegged stablecoin, as part of the Bank of Spain’s national financial sandbox. The token will leverage Ethereum’s and Polygon’s blockchains, allowing each one of a reduced number of users...
UAE and China Complete First $13.6M Cross-Border CBDC Transaction
2.2.2024
The United Arab Emirates and China have executed their first cross-border central bank digital currency (CBDC) transaction valued at $13.6 million using digital dirham and digital yuan. According to People.cn, the 50-million-dirham ($13.6 million) transaction occurred via the m-CBDC Bridge platform...
House Financial Services Committee Members Demand More Time to Debate New Digital Payment Proposal
2.2.2024
Leading members of the U.S. House Financial Services Committee, Chairman Patrick McHenry, Subcommittee Chairman French Hill, and Representative Mike Flood, have requested an extension of the public comment period for the CFPB’s proposed rule on digital consumer payment applications. This...
Russia Open to the Use of Crypto in Foreign Trade Says Central Bank Governor
1.2.2024
The Russian Central Bank is discussing the possible use of central bank digital currencies as a payment method in foreign trade, according to Elvira Nabiullina, the bank’s governor. Nabiullina stated that while Russia is opposed to the use of crypto payments in domestic transactions, the country...
Ripple Co-founder Hacked of Over $112 Million Worth of XRP
31.1.2024
Ripple executive chairman and co-founder Chris Larsen has taken to social media to clarify reports of the payment protocol being hacked on Wednesday. Larsen’s Accounts Hacked “Yesterday, there was unauthorized access to a few of my personal XRP accounts (not @Ripple) – we were quickly able...
UAE makes first $13.6M Digital Dirham CDBC Payment to China
31.1.2024
The UAE makes its first cross-border digital Dirham transaction worth $13.6 million to China. Sheikh Mansour bin Zayed Al Nahyan, Chairman of the Board of Directors of the UAE Central Bank, made the transfer. The cross-border transaction was conducted through the mBridge platform, an initiative...
US Representative French Hill Optimistic on Progress of Crypto Legislation
31.1.2024
During a panel discussion at the recent Foundation for Defense of Democracies event, Arkansas Republican French Hill shared a positive update on the trajectory of the Financial Innovation and Technology for the 21st Century Act and the Clarity for Payment Stablecoins Act. US Representative French...
Visa Partners with Transak To Enable Direct Crypto-to-Fiat Transactions
30.1.2024
Visa, a global payment giant, is further advancing its foray into cryptocurrency adoption by collaborating with Web3 infrastructure provider Transak. The partnership aims to introduce a new method for exchanging cryptocurrencies for fiat currencies without relying on centralized exchanges. ????...
Transak Partners With Visa for Rapid Crypto to Fiat Conversion in 145 Nations
30.1.2024
On Tuesday, Transak, a company specializing in payment infrastructure, revealed its partnership with the financial services powerhouse Visa. This collaboration aims to empower users in 145 nations with the capability to seamlessly exchange their crypto holdings into local fiat currencies...
Web3 Payments Firm Transak Joins Visa Direct to Streamline Crypto-to-Fiat Conversion
30.1.2024
The deal allows the Web3 payments infrastructure provider's users in over 145 countries to easily convert crypto into local fiat currencies
Breez Wallet Shows Offline Lightning Network Payments Solution
30.1.2024
Breez Wallet, a Lightning Network (LN) focused wallet, has shown an implementation that allows users to receive LN payments without being online. The service, which will be included in an upcoming non-custodial wallet app, leverages the wallets’ own SDK using mobile notifications to receive...
Bit.Store Elevates Crypto Payment Experience With Binance Pay Integration
29.1.2024
PRESS RELEASE. Main Takeaways: Bit.Store introduces Binance Pay for efficient crypto top-ups. Seamless integration offers a quick, secure method for BitStore cardholders. Collaboration reflects Bit.Store’s commitment to user-friendly crypto solutions. The partnership underscores...
Chinese Investors Are Turning to Crypto Amidst a National Stock Market Slump
27.1.2024
Chinese investors are increasingly putting part of their portfolios in cryptocurrency due to the state of the national stock market. According to reports, investors are using exchanges like Binance or Okx, or Hong Kong local exchanges, to purchase crypto using payment methods like Alipay...
New Bitcoin Tool Enables Paywalls and Subscriptions With BTC: Here’s How It Works
26.1.2024
Crypto developers just dropped a new tool that lets creators monetize their content with Bitcoin (BTC) – and it’s a lot more flexible than fiat-based competitors. Built by programmers Pierre Corbin and Hugo Ferrer, Bitcoin payment gateway “Flash” brings subscriptions, paywalls, and payment...
Topps Navigates Web3 Hurdles: Shifts to Fortress Amid Regulatory Challenges in NFT Expansion
25.1.2024
This week the collectibles and candy company Topps communicated with its customers regarding its non-fungible token (NFT) initiatives. The company acknowledged encountering challenges with a payment service provider in January 2023, leading to a transition to a new provider, Fortress, in September....
Brazil’s Online Casino Sector’s Rising Trend of Crypto Payments
25.1.2024
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. In the ever-evolving landscape of online gaming in Brazil, cryptocurrencies are making a splash as a burgeoning payment method. With Brazil ranking 9th in the crypto adoption index, innovative...
US IRS Reminds Taxpayers to Report all Crypto-Related Income
24.1.2024
Source:Adobe The US Internal Revenue Service (IRS) has issued a reminder to all taxpayers to report any crypto-related income. The tax regulator has included a digital asset question on 2023 tax return Form 1040. The question asks taxpayers to report cryptos received in 2023 as a reward, award...
FTX Payment Plan Faces Backlash, Clients Slam 2022 Asset Valuation as ‘Theft,’ Urge Court for Fair Redress
22.1.2024
Following the submission of a proposal by FTX estate debtors to reimburse customer assets based on their value as of Nov. 11, 2022, numerous objections have been raised by customers. A notable objection comes from an FTX client in France, who criticizes the estate for “depleting creditor...
Elon Musk’s X Payments Feature Sparks Speculation Among Crypto Enthusiasts
22.1.2024
Elon Musk’s “everything app,” known as X, has recently created a dedicated account for its upcoming payments feature, igniting speculation within the crypto community about the possible integration of cryptocurrencies. The anticipation is that the X app will introduce in-app...
South African Fintech Startup Ukheshe Acquires 100% Stake in EFT Corporation
21.1.2024
South African fintech startup Ukheshe recently announced that it has acquired a 100% stake in EFT Corporation, an Africa-focused payment services provider. According to the startup, the acquisition takes Ukheshe closer to its stated goal of attaining a larger footprint in Africa and beyond. Access...