2022-11-2 03:00 |
Paxos, issuer of the USDP stablecoin, can offer crypto products and services in Singapore after securing the license under the nation's Payment Services Act. origin »
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Circle recently announced that their platform would be going through some changes, namely positioning themselves as a stablecoin services provider exclusively. Having already sold their OTC trading desk, the firm made an announcement that there were many executives that will no longer work with the company.
2019-12-18 16:17 | |
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The largest provider of blockchain payment services, BitPay, is expanding their reach into cryptocurrency. According to a recent press release shared with us by BitPay, the provider will now be offering stablecoin payments, benefiting consumers and merchants around the world.
2019-12-10 22:04 | |
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Blockchain services provider, Zilliqa has revealed that it has partnered with Elliptic to enhance anti-money laundering compliance, CoinDesk reports. According to deal Elliptic will now track all the transactions in Zilliqa blockchain network comprising of Ziliqa’s cryptocurrency, ZIL, as well as the expected Singaporean backed XSGD stablecoin which will be introduced in the crypto space […]
2019-11-28 00:24 | |
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The USDC stablecoin parent company, Circle, most recent audit report shows the firm is liquid enough to back its 1:1 token peg ratio against the dollar. According to the audit done by Grant Thornton, Circle’s operation is well balanced besides being supported by Financial Services giant, Goldman Sachs. Back in October, Circle issued a circulating […]
2019-11-21 19:15 | |
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Binance listed the first fiat trading pair, and it’s not the US dollar. Starting from today, Nigerian users will be able to buy Bitcoin, Binance Coin (BNB), and Binance’s stablecoin BUSD with Naira.
2019-10-24 16:20 | |
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Financial Services Committee Chair Maxine Waters said that she is still not pleased with Facebook's proposed Libra stablecoin.
2019-10-24 03:38 | |
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LATOKEN lists bitCNY stablecoin from BitShares - CryptoNinjas LATOKEN, a popular crypto exchange and services company, announced today the listing of BitShares BitAsset bitCNY, a stablecoin for the Chinese yuan.
2019-10-17 15:57 | |
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Based on the latest report by Circle, Bermuda became the first government to accept payments for taxes, fees and other government services using stablecoin, USD Coin (USDC). The acceptance of USD-backed cryptocurrency is a result of Bermuda’s efforts into supporting the use of USD-dollar backed stablecoins and decentralized finance protocols and services.
2019-10-16 19:56 | |
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Today, Bermuda became the first government to accept payments for taxes, fees and other government services using USD Coin (USDC). Announced as part of a broader initiative from the Bermuda government aimed at supporting the use of USD-dollar backed stablecoins and decentralized finance protocols and services, this is a major
2019-10-16 16:13 | |
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Global financial services company Circle announced that Bermuda became the first government to accept its stablecoin USDC for tax payments
2019-10-16 14:33 | |
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Bermuda announced Wednesday it will accept payments in the USDC stablecoin "for taxes, fees and other government services."
2019-10-16 14:30 | |
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The problems that Facebook has related to its upcoming Libra stablecoin simply do not stop. Finco Services of Delaware has filed a lawsuit against the popular social media company and it's subsidiary Calibra in New York, related to the logo of the Libra project.
2019-10-12 23:41 | |
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Rep. Maxine Waters stated that Mark Zuckerberg will testify before the Financial Services Committee later this month regarding the Libra payments network
2019-10-10 20:54 | |
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EU's financial services commissioner Valdis Dombrovskis intends to create a new regulations for crypto, particularly Facebook’s Libra stablecoin.
2019-10-8 12:58 | |
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The operators of the cryptocurrency exchange Bitfinex and the stablecoin Tether are again engaged in public relations crisis management. They have notified users of an imminent lawsuit over market manipulation allegations and are trying to frame it as just a shameless money grab attempt.
2019-10-7 05:38 | |
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Just a month after Binance announced their foray into margin lending services, Coinbase has now confirmed they will allow customers to earn a fixed yield on their USDC deposits. Coinbase’s offering is not lending and just a savings account, giving customers an annual yield of 1.
2019-10-3 13:10 | |
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Facebook’s COO Sandberg in talks with the U.S. House Financial Services Committee to testify about Libra stablecoin
2019-9-28 01:00 | |
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Libra, one of the most aspirational projects of Facebook which would propel it in the financial demographics and crypto banking services has run into a number of roadblocks ever since its announcement.
2019-9-27 15:56 | |
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Wells Fargo, a Fortune 500 company providing financial services, has been the latest institution to express potential interest in blockchain and cryptocurrencies. As announced earlier, the organization revealed its plans to test an internal settlement service, Well Fargo Digital Cash, which would operate on its own Distributer Ledger.
2019-9-21 00:30 | |
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CEO Binance CZ achieved another victory in the US market and thereby pushed his BNB token to further growth. American regulator NYDFS (the New York State Department of Financial Services) has approved the launch of new stablecoin Binance USD (BUSD), pegged to the dollar, on the Paxos platform. Paxos has been acting in compliance with […]
2019-9-9 12:00 | |
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The Binance USD (BUSD) stablecoin was given the green light by the New York State Department of Financial Services (NYDFS).
2019-9-6 10:29 | |
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Paxos, a famous stablecoin operator, has recently decided to launch its newest asset: PAX Gold (PAXG). This Ethereum-based token is set to be launched soon and it will be the first cryptocurrency to be fully backed by gold.
2019-9-6 22:00 | |
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The largest crypto exchange in the world, Binance, has recently reunited with Paxos to create a new stablecoin pegged to the dollar (USD). Now, the New York State Department of Finances Services (NYDFS).
2019-9-6 20:40 | |
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The crypto-community is rejoicing after news of Binance launching its own USD-pegged stablecoin broke out today. With this move, the exchange aims to expand its services in the crypto-market, a few weeks after it introduced its own GBP-pegged stablecoin.
2019-9-5 17:06 | |
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Binance USD (BUSD) – a stablecoin from the world’s largest crypto exchange – has been approved by the New York State Department of Financial Services (NYDFS), which has historically taken a hard line against cryptocurrency companies.
2019-9-6 16:55 | |
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According to official news released by Bitfinex on September 3, the exchange has added support for two derivatives products based on Bitcoin and Ethereum. Bitfinex, the Market Leader Founded in 2012, Bitfinex is a cryptocurrency exchange providing advanced services for digital currency traders and liquidity providers, while also being closely linked with the most popular stablecoin Tether (USDT).
2019-9-4 15:00 | |
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According to an official announcement made on August 7 by blockchain project Pundi X, MakerDAO’s stablecoin DAI has been integrated into the Pundi X payment Network and can be used to make transactions through its products and services.
2019-8-9 23:00 | |
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Walmart’s prospective USD-backed stablecoin should be looked upon more favorably by regulators than Facebook’s Libra, according to U. S. investment banking and financial services company, Cowen, Bloomberg reported.
2019-8-6 12:57 | |
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Coinspeaker UnionBank Launches Stablecoin, Carries Out First Bank Blockchain TransactionUnionBank uses its i2i platform to offer the first bank-blockchain transaction in the Philippines connecting islands, individuals, and institutions while offering financial services to the unbanked Filipinos.
2019-7-31 13:36 | |
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CryptoNinjas - Bitcoin, Cryptocurrency & Blockchain Asset SourceSpend. com, a crypto payment ecosystem, today announced a partnership with Paxos, a regulated Trust company, which operates itBit, a bitcoin exchange with oversight from the New York Department of Financial Services (DFS).
2019-7-12 19:35 | |
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On July 8, 2019, the New York Attorney General’s Office (NYAG) submitted new court filings alleging that iFinex Inc. , the parent company of cryptocurrency exchange Bitfinex and stablecoin issuing firm Tether (USDT), continued providing services to New York residents as late as January 2019.
2019-7-10 21:00 | |
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The U.S. House of Representatives Committee on Financial Services requested that Facebook imposes a moratorium on the development of its stablecoin
2019-7-4 20:58 | |
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A Canadian company, Blockchain Venture Capital Inc. , has developed a stablecoin, CADT, pegged to the Canadian Dollar as the country celebrated Canada Day. Like all stablecoins, CADT will be pegged 1:1 with the Canadian Dollar and will have reserves backing it.
2019-7-2 15:30 | |
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Facebook Exec Confirms New Stablecoin Will Be Linked To Multiple Currencies The details surrounding the upcoming GlobalCoin from Facebook have been minimal. However, when the head of financial services and payment partnerships for Northern Europe, Laura McCracken, spoke with a German business magazine this week, she said that the stablecoin would not be pegged to […]
2019-6-7 21:51 | |
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Crypto lender BlockFi is rolling out support for the gemini dollar (GUSD) stablecoin, claiming an expected initial annual percentage yield (APY) of 6. 2 percent for non-U.
2019-5-30 19:44 | |
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The CEO of Reserve thinks central banks will tokenize, but lack of privacy in spending will draw businesses and wealthy persons to alternative stablecoin services
2019-5-16 23:26 | |
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Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.
2019-5-13 16:37 | |
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Coinspeaker Facebook Reversing Crypto Ad Ban as They are Establishing Their Own CryptocurrencyFacebook has announced that they are relaxing their advertising ban on companies promoting products and services relating to crypto.
2019-5-9 12:55 | |
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Facebook has today announced a relaxing of its advertising ban on companies promoting products and services relating to crypto. The move comes as the social media giant is ramping up its own efforts to create a stablecoin to use within some of its applications.
2019-5-9 02:00 | |
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Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses.
2019-5-1 01:22 | |
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The Paxos stablecoin (PAX) will launch on the Ontology (ONT) blockchain by May 2019. Paxos, a regulated stablecoin with the approval of the New York State Department of Financial Services (NYSDFS), will enable business operations on the Ontology blockchain by eliminating the volatility associated with cryptocurrency.
2019-4-29 17:00 | |
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The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.
2019-4-27 01:30 | |
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CryptoNinjas DigitalX, an Australian blockchain technology company, today announced it has secured AUD $2 million to fund a strategic investment in Singaporean based Bullion Asset Management Services (BAM).
2019-4-16 13:40 | |
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Japanese bank holding and financial services firm MUFG, the fifth largest bank in the world, is set to put its digital currency MUFG Coin into practical use later this year
2019-4-9 11:25 | |
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Despite the official ban on cryptocurrency in China, investors have bought large amounts of stablecoins from over-the-counter services (OTC) in the last week, following the rise in crypto prices, as reported on April 7, 2019.
2019-4-8 18:35 | |
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The Bitcoin bull and bear market cycles are a pattern that produces significant developments — when the market is cold, people tend to focus on building the next wave of groundbreaking technology.
2019-3-29 16:26 | |
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Coinspeaker Huobi’s US Branch Forms New Team to Further Push Institutional Products DevelopmentHuobi's branch HBUS will focus on introducing new services for institutional investors, such as token lending, over-the-counter (OTC) trading, and even issuing its own stablecoin.
2019-3-28 11:36 | |
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A recent CoinDesk report revealed Ripple’s CEO, Brad Garlinghouse’s viewpoint on JP Morgan Chase’s official announcement of its stablecoin, JPM Coin. While Garlinghouse appears to encourage and applaud JP Morgan Chase for their new endeavor, he supposedly feels discomfort with respect to the global financial services’ approach in using the said token. The JPMCoin was […]
2019-3-7 17:57 | |
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Huobi is now offering deposit and withdrawal services for stablecoin Tether in both its Bitcoin-based Omni Layer Protocol and its ERC-20 token form.
2019-3-1 11:54 | |
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The Labour government said the bill will give owners of bitcoin and other digital assets greater legal protection.
U.K. Prime Minister Keir Starmer appointed Tulip Siddiq as the City Minister, a role that oversees financial services including crypto.
Taiwan's crypto advocacy body, the Taiwan Virtual Asset Service Provider Association, has been formally established and the founding meeting held with 24 cryptocurrency-related entities.
The exchange could return as a FIU-registered firm after paying the fine, the report added.
This is the third test for the Province's new tool to combat money laundering.
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.
India's most controversial crypto tax, the 1% TDS levy deducted at source, should be lowered to 0.01%, according to the findings of a new study.