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Chinese Yuan Overtakes US Dollar as Most Used Currency to Settle Cross-Border Payments in China
27.4.2023
The Chinese yuan is now China’s most used currency for cross-border settlements. According to official data from the State Administration of Foreign Exchange, the Chinese yuan rose to be the most-used currency in March over the U.S. dollar, in a push from the Beijing government...
Cross-Chain Bridge Stargate's Volume Soars as Airdrop Hunters Set Sights on LayerZero Token
27.4.2023
Volume on the Stargate cross-chain bridge has surged by 30% in the past 24-hours as investors attempt to meet the criteria for a rumored LayerZero airdrop
Circle CEO warns of active and accelerating de-dollarization
27.4.2023
The U.S. must capitalize on the “high demand” for digitally native U.S. dollars, particularly from those in emerging economies with weak local banking systems, the Circle CEO said
Cata Labs Raises $4.2M to Develop 'Bridging' Software
26.4.2023
The round was led by Spartan Group and included participation from Robot Ventures, Maven11, Alchemy Ventures, HashKey Capital, Circle Ventures and Superscrypt
Circle launches cross-chain USDC transfer protocol for Ethereum, Avalanche
26.4.2023
The new protocol burns coins on the sending chain, and mints new ones on the receiving chain
Golden Gate (GGX) Developer Insights and Novel DeFi
26.4.2023
PRESS RELEASE. Golden Gate (GGX) is a novel interchain infrastructure protocol that eliminates Layer 0 communication friction by delivering protocol-agnostic communications and more secure liquidity transfer. Golden Gate mediates interchain communication via the Incentivized Message Delivery...
Crypto Has Evolved From Being Seen as an ‘Anti-Establishment Rebellion Asset’ Says FCA Executive Director
26.4.2023
From being seen as a small “anti-establishment rebellion asset” more than ten years ago, crypto has grown to “become more widespread,” says Sarah Pritchard, an executive director at the United Kingdom’s Financial Conduct Authority (FCA). Pritchard said while the...
Circle’s Fed payment rail goal could be crushed by NY Fed’s policy change
26.4.2023
Updated rules by the New York Fed could deem stablecoin issuer Circle “ineligible” for access to the Fed's money market
Russia Launching Payment System With ‘No Restrictions’ — Digital Currencies to Be Completely Unrestricted
25.4.2023
Russia is launching a new payment system that is “bound by no restrictions” where digital currencies could be used in cross-border payments, said Russian Finance Minister Anton Siluanov. “Two parties come to an agreement, make settlement payments, and no other country could step in and freeze such...
Bitcoin, Ethereum Technical Analysis: BTC on Brink of ‘Death Cross’ on Moving Average Trendline
24.4.2023
Bitcoin started the week on the brink of a downwards crossover of two key moving average trend lines, which could signal an upcoming price drop. The 10-day and 25-day moving average look set to cross, potentially leading to a breakout of the $27,000 level. Ethereum is trading above a floor...
The Red Cross Challenged Gamers To Not Commit War Crimes
19.4.2023
The International Committee of the Red Cross has partnered up with a bunch of Twitch streamers to encourage gamers to not commit war crimes in popular shooters like Call of Duty. The ICRC hopes that its event, “Play by the Rules,” will educate players on the statutes of actual war. The organization...
Bank of Russia to set up entities for crypto mining and cross-border settlement: Report
19.4.2023
Russia's central bank plans to create new institutions to mine crypto assets and settle international payments
Russia Plans to Mine Crypto for Cross-Border Deals, Says Central Bank
19.4.2023
Bank of Russia is planning to allow mining and using cryptocurrencies for cross-border trade, the regulator said
TBD and Yellow Card to Enable Fiat On and Off-Ramp Payments in 16 African Countries via BTC
18.4.2023
TBD and the Africa-focused cryptocurrency exchange platform Yellow Card recently partnered to launch a fiat on and off-ramp that enables payments in some 16 African countries through Bitcoin rails. The objective of this arrangement is to make cross-border payments not only more affordable...
Blockchains need an interoperable standard to evolve, say crypto execs
17.4.2023
Blockchains without interoperability are like computers without an internet connection — incapable of transferring data and value, a Chainlink Labs executive says
Zebedee Partnership With Bitnob Sees African Gamers Rewarded With BTC
15.4.2023
African users of the bitcoin gaming and payments app Zebedee will now be rewarded in the form of satoshis when they play games or when they listen to podcasts. In addition to being able to convert their rewards into local currencies, African users of the Zebedee app can use it to make cross-border...
What are cross-border payments, and how do they work?
14.4.2023
Blockchain cross-border payments enable near-real-time cost-effective transactions across international borders, eliminating banking intermediaries
A ‘Super App’ May Be Web3’s Super Power
13.4.2023
Report: Binance US Struggles to Secure Banking Partner Amid Regulatory Crackdown on Crypto Industry
8.4.2023
Following the collapse of Silvergate Bank, Silicon Valley Bank, and Signature Bank, cryptocurrency companies have been seeking new banking partners in the United States. According to a recent report citing “sources familiar with the matter,” Binance US, the American subsidiary of...
LayerZero Raises $120M in Funding to Expand Cross-Chain Messaging Efforts – Is the Bull Market Back?
5.4.2023
Blockchain development firm LayerZero Labs has raised $120 million in a Series B funding round for its interoperability protocol, valuing the firm at $3 billion.
The funding will go towards expanding the cross-chain messaging system that LayerZero Labs is working on, increased hiring, and...