The Monetary Authority of Singapore (MAS) has introduced a comprehensive regulatory framework designed to oversee the operation of single-currency stablecoins (SCS) within the country’s jurisdiction. This initiative aims to foster stability and trust in the realm of digital currency while […]
A recently disclosed filing with the U.S. Office of Government Ethics has unveiled that former U.S. President Donald Trump is in possession of cryptocurrency holdings valued at potentially up to $500,000, a surprising revelation considering his previous skepticism towards digital […]
In a dramatic turn of events, United States District Judge Lewis Kaplan has revoked the bail of Sam Bankman-Fried, the indicted founder of the now-defunct FTX cryptocurrency exchange. The decision comes after probable cause was found that Bankman-Fried had tampered […]
The Association of Bureau De Change Operators of Nigeria (ABCON), a self-regulatory body representing licensed Bureaux de Change (BDC), has escalated its demands for the Federal Government of Nigeria to halt the operations of Binance within the country. This move […]
In a progressive move towards embracing digital innovation, the Singapore Red Cross has now opened its doors to cryptocurrency donations. The esteemed humanitarian aid and community services charity recently announced that it will accept Bitcoin donations, marking a significant step […]
In a move set to revolutionize web3, PayPal (NASDAQ: PYPL) has unveiled its newest offering – the PayPal USD (PYUSD) stablecoin. Fully backed by U.S. dollar deposits, short-term U.S. Treasuries, and similar cash equivalents, this regulated stablecoin can be redeemed […]
In the face of various challenges, Binance, the renowned cryptocurrency exchange, has achieved a remarkable milestone. Changpeng Zhao, the CEO of Binance, proudly announced on social media that the platform has reached a staggering 150 million registered users. This announcement […]
In a sudden turn of events, the crypto market witnessed a significant decline, erasing gains across major cryptocurrencies. As Bitcoin, the leading digital asset, grapples with a challenging breakout, the total market cap faces volatile fluctuations. Meanwhile, Compound (COMP) struggles […]
In a recent revelation, Coinbase CEO Brian Armstrong disclosed that the U.S. Securities and Exchange Commission (SEC) had urged the popular exchange to halt trading activity for all digital assets, with the exception of Bitcoin. The request came before the […]
In a significant milestone for China’s digital financial landscape, the People’s Bank of China (PBOC) governor announced that the digital yuan, the nation’s central bank digital currency (CBDC), has surpassed a remarkable 1.8 trillion yuan (approximately $249.33 billion) in total […]
