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Stablecoin Market Rebounds — $5.48 Billion Growth in 22 Days
25.11.2023
Over the last few weeks, the market value of leading stablecoins has experienced a notable increase. The economy of these fiat-pegged tokens expanded from $123.66 billion to the present $129.14 billion. This substantial growth of almost $6 billion comes after the stablecoin industry shed tens...
Alchemy Pay Announces U.S. Expansion, Iowa Licensing
23.11.2023
Singapore-based Crypto-fiat payment solution, Alchemy Pay, announced further expansion into the U.S. market through their acquisition of a Money Services License in Iowa on Thursday morning. Dedication to compliance “We are thrilled to announce that we have obtained a Money Services License...
Alchemy bags money services license in Iowa, expands US services
23.11.2023
The crypto-fiat payment services provider Alchemy Pay is expanding its presence in the U.S. as it acquired its money services license in the state of Iowa
Circle Launches Bridging Standard for Stablecoin Deployment on New Networks
22.11.2023
Source: Circle In a first-ever announcement in the stablecoin ecosystem, Circle, makers of USDC, has released a bridging standard for its digital token. Making the announcement in a November 21 blog post, the fiat-backed stablecoin maker pointed out the need to help developers bootstrap stablecoin...
Crypto Platform Strike and Checkout.com Partner to Bring Bitcoin Buying to 65+ Countries
17.11.2023
Source: Pixabay / WorldSpectrum Bitcoin (BTC) wallet and payment platform Strike has partnered with Checkout.com to enable debit-card-based Bitcoin purchases in over 65 countries. Strike leverages Bitcoin’s lightning network to let users make instant and free cross-border fiat currency payments...
‘Primitive’ stablecoin lacks mechanisms that maintain fiat stability: BIS
17.11.2023
The answer again is regulation, although this time the suggested regulation looks a lot like central bank co-option
Here’s How Russians Dodge Sanctions to Use Int’l Crypto Exchanges
16.11.2023
Russian crypto holders have reportedly used simple workarounds to evade sanctions – and trade on overseas crypto exchanges. In the wake of the war in Ukraine, Western leaders have imposed sanctions on most leading Russian banks. Account holders at these banks, thus, are effectively blocked from...
Robert Kiyosaki: Fiat Money Isn’t Safe, Investors Must Protect Themselves From Central Bankers
15.11.2023
Rich Dad Poor Dad author Robert Kiyosaki has cautioned that fiat money is not safe, emphasizing that central banks are buying gold to save themselves. He urged investors to safeguard themselves against central bankers and reiterated his advice to invest in gold, silver, and bitcoin. Is Fiat Money...
Turkish Lira Tops Fiat Volumes in September as Adoption Grows: Binance Research
10.11.2023
Source: AdobeStock / Iryna Dincer The Turkish Lira (TRY) leads the chart as the top fiat traded on the world’s largest exchange by volume, Binance following a surge in the number of investors, new research shows. A new Binance market research shows an increasing vol trading volume around...
BIS Research Report: Stablecoins Not Secure as Store of Value
9.11.2023
Stablecoins. Source: Adobe / Grispb Fiat-backed stablecoins are “not a safe store of value,” according to a new research report from the Bank for International Settlements (BIS). According to the report, the BIS found that from January 2019 to September 2023, fiat-backed stablecoins were able...
Fiat Losses From Security Incidents on BNB Smart Chain 37% Lower in Q3 of 2023 — Study
8.11.2023
The financial losses stemming from security incidents on the BNB Smart Chain in Q3 2023 were 27% lower than in Q3 2022. When compared to security incidents on other chains, rug pulls, price and reserve manipulation events on BSC accounted for “4% of the total fiat losses across all chains...
Crypto ATM Expansion Continues with Bitgamo Set to Install 90 More in 2024
8.11.2023
Source: AdobeStock / l_martinez Crypto ATMs are continuing to expand globally with over 32,500 installed so far, Financial Times reported. Crypto ATMs allow everyday individuals to convert traditional fiat money into cryptocurrencies and vice versa, offering a level of convenience akin to standard...
Over 600 Stablecoins ‘Depeg’ in 2023, Moody’s Analytics Launches Monitoring Tool
7.11.2023
Stablecoins, the crypto assets crafted to mirror the stability of fiat currency, have encountered over 600 significant instances of price instability in 2023, as per Moody’s Analytics. A ‘depeg’ or ‘depegging’ event is characterized by a stablecoin’s value...
Today in Crypto: US SEC Candidates Unwilling to Divest Crypto Assets, BSC Ranks 4th in Q3 Fiat Losses
7.11.2023
Source: AdobeStock / MuhammadIlyas Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Career news The US Securities and Exchange Commission (SEC) is having trouble hiring crypto experts –...
SwissGold Crypto AG Launches Gold-Backed NFTs for Wealth Preservation
7.11.2023
PRESS RELEASE. Zug, Switzerland – SwissGold Crypto AG, a Swiss-regulated crypto issuer, introduces a novel solution to the wealth preservation challenge in times of inflation and uncertainty: gold-backed non-fungible tokens (NFTs). Gold’s enduring stability, in contrast to depreciating fiat...
Fiat on-ramps, banking partners crucial for institutional Web3 adoption - European Blockchain Convention
7.11.2023
Prominent fiat payment rail services and neobanking platforms are becoming a catalyst to address institutional mistrust in the cryptocurrency sector
Fiat on-ramps, banking partners crucial for institutional Web3 adoption - European Blockchain Convention
7.11.2023
Prominent fiat payment rail services and neobanking platforms are becoming a catalyst to address institutional mistrust in the cryptocurrency sector
South Korean Police Swoop on Suspected Crypto Scam, Arrest 25
7.11.2023
South Korean police have shut down a firm at the center of a suspected crypto scam that allegedly duped 4,000 people out of their funds, arresting 25 people. Per Maeil Shinmun, the firm is thought to have amassed almost $14 million worth of fiat and crypto from its customers, with suspects detained...
Stablecoin Market Rises by Over $600M in October Despite Mixed Supply Dynamics
3.11.2023
The stablecoin economy experienced growth in October after several consecutive monthly declines. In the last month, a total of $608 million was added to the fiat-pegged token market. Despite the increase, six stablecoins out of the top ten saw supply reductions during the month. Fiat-Pegged Token...
Nigerian Central Bank Refutes Claims It Plans to Redenominate the Naira in 2024
2.11.2023
The Nigerian Central Bank has denied claims in a widely circulating text message that it plans to redenominate the naira starting in January 2024. According to the bank, the authors of the message had seemingly “modified text eked from an old policy” by a previous governor in 2007....