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The Big List: Retail Revolution with Cryptocurrency – Retailers Embracing Digital Payments
4.1.2024
Microsoft Office / Source: Adobe There are many retailers accepting cryptocurrency as a form of payment and realizing how important it is to attract and tap into a more tech-savvy client base. Some would argue that the end of fiat currencies is nigh, and eventually, fiat will be replaced by digital...
Maelstrom CIO Arthur Hayes Alerts Big Banks Will Eventually Cannibalize Tether’s Business Model
31.12.2023
Arthur Hayes, CIO of Maelstrom and former CEO of Bitmex, discussed the eventual demise of Tether and other stablecoin companies. Hayes explained that Tether’s business model, which consists of taking dollars and investing in treasuries, will eventually be cannibalized by big banks like...
FTX Debtors Release Estimated Values for Cryptocurrency Claims, Bitcoin Priced at $16,871 per Coin
29.12.2023
Source: Adobe / Александр Поташев FTX Trading Ltd. affiliated debtors have submitted a motion for the entry of an order estimating the value of claims related to digital assets and fiat currency, including customer entitlement claims. In a filing made on December 27 in the United States Bankruptcy...
Elon Musk: ‘I Don’t Spend a Lot of Time Thinking About Cryptocurrency’
27.12.2023
Elon Musk, CEO of Tesla, Spacex, chairman of X, and the wealthiest man alive, has declared he doesn’t spend “a lot of time” thinking about cryptocurrency. In a recent X Space hosted by Cathie Wood, CEO of Ark Invest, the self-proclaimed “Dogefather” stated he had more...
Hong Kong Regulators Propose Mandatory Licenses for Fiat-Backed Stablecoin Issuers
27.12.2023
The Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB) are also planning a sandbox to provide guidance on compliance
Mt. Gox Creditors Report Receiving Compensation Payments via PayPal in Japanese Yen
26.12.2023
Source: AdobeStock / 24K-Production Creditors of now-defunct crypto exchange Mt. Gox have reported receiving fiat repayments for their trapped Bitcoin on the social media platform Reddit. According to recent posts on the Reddit page r/mtgoxinsolvency, Mt. Gox has begun sending Japanese...
Crypto Payment Provider Alchemy Partners Payment Processor Worldpay
22.12.2023
The fiat-crypto payment gateway Alchemy Pay recently revealed that it has partnered with Worldpay in a move that gives its users to access Worldpay’s Visa and Mastercard payment rails via its on and off-ramp service. Alchemy said its users will now experience better efficiency and customer...
Coinbase Expands Into France With Acquisition of VASP License Ahead of MiCA
21.12.2023
Source: Pixabay Coinbase has received regulatory approval from France’s Financial Markets Authority to conduct business as a digital asset trading venue. According to a CNBC report published on Tuesday, Coinbase has secured a virtual asset service provider (VASP) license from the Financial Markets...
FDUSD Rockets to $1.6B Market Cap, Becoming Fifth Largest Fiat-Pegged Crypto Amid Binance Concentration
17.12.2023
In the fortnight since Dec. 2, 2023, the stablecoin asset first digital usd (FDUSD) experienced a notable expansion, increasing its supply by 690 million coins. As of Dec. 17, 2023, this surge has elevated its market capitalization to a significant $1.61 billion. This period witnessed...
Australian Cash Use in Decline as 75% of Residents Now Seen as ‘Low Cash Users’
15.12.2023
On Dec. 12, Michele Bullock, the governor of the Reserve Bank of Australia, revealed that as much as 75% of Australians are now considered to be “low cash users.” Bullock also noted that the reduction in the use of cash for transactions is putting a strain on the cash distribution...
S&P Global Ratings Introduces Stablecoin Stability Assessment Rankings
13.12.2023
In a combination of both traditional and decentralized finance (defi) sectors, S&P Global Ratings has announced the launch of its stablecoin stability assessment. The latest tool aims to evaluate the ability of stablecoins to maintain their value relative to fiat currencies. New S&P...
Stablecoin Tether Receives ‘Constrained’ Rating from S&P Global
13.12.2023
Source: AdobeStock American credit ratings firm S&P Global Inc. said it has started assessing the ability of Tether (USDT) to maintain its peg to the U.S. dollar marking it at a ‘constrained’ rating of 4. Stablecoins are a cryptocurrency whose value is usually pegged to a fiat currency...
Místo dlouhého čekání u nabíječky jen pětiminutová výměna. Fiat otestuje vyměnitelné akumulátory
10.12.2023
Globální automobilová korporace Stellantis (mateřská společnost Fiatu) uzavřela dohodu s kalifornskou firmou Ample, která se zabývá výměnou akumulátorů v elektromobilech. Cílem je zjednodušit napájení flotily sdílených elektromobilů Fiat 500e ve Španělsku s tím, že časem by se dohoda mohla rozšířit
US Lawmakers Introduce Bipartisan Anti-Crypto Terror Finance Bill in Senate
8.12.2023
Source: AdobeStock A group of bipartisan United States lawmakers have introduced a bill to the Senate aimed at preventing terror organizations and their financial enablers from accessing financial aid in fiat and digital assets in the country. Billed to be cited as The Terrorist Financing...
Coinbase CEO Brian Armstrong: ‘Bitcoin May Be the Key to Extending Western Civilization’
6.12.2023
Brian Armstrong, CEO of U.S.-based crypto exchange Coinbase, stated that Bitcoin could play a role in extending Western civilization. For Armstrong, Bitcoin represents an alternative to fiat currencies like the U.S. dollar, which people can use as an alternative to inflation. Coinbase CEO Brian...
Korean Won Overtakes Dollar as Top Fiat Trading Pair Amid Recent Bitcoin Rally: Report
6.12.2023
Source: Pexels South Korean crypto traders are emerging as key influencers in driving Bitcoin price up by over 50%, reaching its highest price level in two years. As per data compiled by CCData for November, Korean won surpassed the dollar, becoming the largest fiat trading pair in crypto for...
Trust Wallet and Alchemy Pay Partner for Seamless Crypto Ramp Solutions
3.12.2023
PRESS RELEASE. Alchemy Pay, the leading fiat-crypto payment solution provider, has announced a new partnership with Trust Wallet, the leading self-custody and mutichain wallet with over 70 million users, enabling users to easily buy and sell crypto with multiple fiat payments within Trust Wallet...
Economist Steve Hanke: US Dollar Weaponization Has Powered Record Central Bank Gold Purchases
28.11.2023
Steve Hanke, professor of applied economics at Johns Hopkins University, has discussed how U.S. policies have driven central bank gold purchases to record levels this year. In an interview, Hanke stated that these purchases were motivated by the weaponization of fiat currencies like the dollar...
Today in Crypto: Banxa and Cardano’s Yoroi Wallet Enable In-app Fiat On/Off Ramping, Bybit Reveals Personality-Based Trading NFT/USDT Competition
27.11.2023
Source: AdobeStock / RareStock Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Wallet news Web3 on-and-off ramp solution Banxa announced that it, in partnership with Cardano’s Yoroi Wallet...
Robert Kiyosaki’s Advice: Get Into Bitcoin Now ‘Before It’s Too Late’
27.11.2023
Rich Dad Poor Dad author Robert Kiyosaki has advised investors to get into bitcoin and ditch fiat money now “before it’s too late,” reiterating that workers and savers in U.S. dollars are losers. Kiyosaki has made a number of bullish predictions about the price of bitcoin...