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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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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World’s Pioneering Multi-Asset Stable Token Launched In Mauritius Mauritius-based HYBSE Marketplace has introduced the first multi-asset stable token (MAST) in the world. This was done in collaboration with GMEX and MINDEX.
2019-2-23 20:12 | |
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Mizuho Financial Group (MHFG), a highly-reputed Japanese financial institution offering clients a vast array of financial services including banking, asset management and more, has announced it would launch a yen-pegged stablecoin called J-Coin.
2019-2-22 20:00 | |
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Japan’s banking giant Mizuho Financial Group will launch its digital currency platform for payments and remittance services in March
2019-2-22 14:41 | |
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In Wednesday’s edition of The Daily we cover a number of developments that show how cryptocurrency exchanges around the world are evolving to attract institutional investors while also adding new services to stay competitive in this bearish market.
2019-1-23 17:30 | |
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Mongolia’s capital city administration has partnered with a blockchain company to use its stablecoin for utility bills and government subsidies
2019-1-12 18:27 | |
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Keeping up with the festive spirit of the holiday season, XLM-based financial services platform Stronghold airdropped 100,000 SHX tokens to its users. Stronghold is a financial services platform that enables payments, trading, and USD reserves using their products like Stronghold USD and their platform APIs.
2018-12-27 22:53 | |
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As the crypto market bounced en bloc, this industry’s news cycle has been starting to look lively yet again. Rob Paone, better known as “Crypto Bobby,” recently explained that this week’s industry developments have been “big,” and in stark contrast to prices, insiders continue to “hunker down” to build bonafide valuable products, platforms, and services.
2018-12-22 17:00 | |
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As the crypto winter continues, many retail investors are saying goodbye to the market, but for Cameron and Tyler Winklevoss, they believe big opportunities in cryptocurrency still exist. The operators of the Gemini crypto exchange- which provides both trading and custodial services to users and launched the Gemini Dollar (GUSD) stablecoin earlier this year, are looking […] Winklevoss Twins, Operators of the Gemini Exchange, Hopeful for a Bright 2019 was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
2018-12-13 15:29 | |
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Blockchain Payroll Platform WorkChain. io has partnered with tokenization platform STASIS to enable euro-backed crypto paychecks for its European Union (EU) users with the EURS stablecoin.
2018-12-1 21:00 | |
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Bitcoin payment platform BitPay is now going to allow payments with the Paxos Standard token (PAX), which it calls “the fastest growing stablecoin and the highest trading volume of any U.
2018-11-22 00:25 | |
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Circle’s USD Coin (USDC) has released an independent, third-party attestation of its bank account, and according to a top 5 public accounting firm, the stablecoin has its funds in order.
2018-11-22 22:05 | |
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BitPay is integrating the Paxos Standard stablecoin into its services, allowing merchants to utilize the token to settle transactions.
2018-11-21 20:59 | |
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As declared a month earlier [Oct 15th] by Coinbase Custody, it has officially added RippleLabs’ speedy coin XRP support for the custodian services. Also, the USDC stablecoin will hit next the guarding branch of the crypto-leading firm – according to a Medium blog post.
2018-11-17 06:05 | |
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Binance — one of the most popular digital currency exchanges across the globe — has announced that it will be adding the fiat-collateralized stablecoin USD Coin (USDC) to its trading platform on November 17, 2018.
2018-11-15 21:11 | |
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BitGo now supports over 100 assets, including new stablecoin offerings, as it works to offer a wide spectrum of services for institutional investors.
2018-11-15 16:59 | |
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In this edition of The Daily, we cover Nexo’s recent decision to pay interest on stablecoin holdings, as well as a project by two Swiss cryptocurrency companies to offer exchange and custodial solutions for financial institutions that handle digital assets.
2018-10-31 16:50 | |
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Popular cryptocurrency exchange Coinbase has raised a fresh $300 million in a Series E financing round, bringing the company valuation to $8 billion. Coinbase plans to use the funding to "accelerate the adoption of cryptocurrencies," as it plans to remain the "entry-point into crypto" for millions of investors, according to a published blog post.
2018-10-31 20:51 | |
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Galaxy Capital–backed BlockFiis taking its loan services to the global stage. According to a statement shared with Bitcoin Magazine, the platform is expanding its services to an international audience.
2018-10-31 17:17 | |
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Huobi Group revealed at the World Blockchain Summit in Dubai that the company is looking to expand its operations to the Middle Eastern, African and South Asian markets in a bid to provide services to its unbanked or underbanked residents.
2018-10-26 21:07 | |
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Utility billing and payment services provider Novatti is launching a new Australian dollar (AUD)-backed stablecoin known as the Novatti AUD Utility Token on the Stellar Network.
2018-10-25 20:58 | |
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Coinbase Custody has acquired a license under New York State Banking Law to operate as an independent Qualified Custodian. “Coinbase Custody will operate as a Limited Purpose Trust Company chartered by the New York Department of Financial Services (NYDFS),” reads Coinbase’s latest blog post.
2018-10-24 04:42 | |
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Coinbase has secured approval from New York state regulators to act “as a limited purpose trust company” in the state, a press release reveals. According to the release, the New York Department of Financial Services (DFS) has officially signed off on an application for the Coinbase Custody Trust Company, a subsidiary of Coinbase Global, Inc.
2018-10-24 00:55 | |
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Huobi Exchange Has Decided on Four Stablecoins That They Will Let Users Swap Huobi has been offering cryptocurrency exchange services to Singapore residents and others since it was founded in 2013. In a post on Twitter, the platform announced their new opportunity that investors can now take advantage of – the ability to swap four […]
2018-10-19 19:59 | |
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Bitfinex’ed, a long-time critic of Bitfinex and Tether LLC, a company that oversees the development of stablecoin Tether (USDT), has stated in an interview with Modern Consensus that the “pretend KYC/AML” system of Bitfinex is preventing the exchange from obtaining banking services.
2018-10-18 18:00 | |
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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.