© Reuters. PALAU — The foray into the stablecoin space has seen a positive first phase in Palau, Jay Hunter Anson reported Thursday. The pilot program, which began in July 2023, involves the issuance of a US dollar-pegged stablecoin on the XRP Ledger. The initiative was tested in a controlled environment with volunteers from executive […]
PALAU – Ripple’s foray into the stablecoin space has seen a positive first phase in Palau, Jay Hunter Anson reported on Thursday. The pilot program, which started in July 2023, involves issuing a stablecoin pegged to the US dollar on the XRP Ledger. The initiative was tested in a controlled environment with the participation of […]
© Reuters. SAN FRANCISCO — Uphold CEO Simon McLoughlin announced Thursday the upcoming release of Vault, a new product designed to enhance the security and convenience of cryptocurrency self-custody. Set for a beta launch in early 2024, Vault aims to provide over 10 million Uphold customers with a simple self-custody experience, initially supporting XRP with […]
© Reuters. SAN FRANCISCO – In a significant move for the cryptocurrency sector, Babylon Chain has successfully raised $18 million in a Series A funding round. The investment is aimed at promoting the innovative Bitcoin staking protocol company creation. This protocol is designed to integrate Bitcoin’s proof-of-work system with proof-of-stake networks, all without requiring any […]
© Reuters. On Friday, Ripple continued its routine of unlocking 1 billion XRP from escrow, a practice that has become a monthly occurrence for the blockchain-based digital payments protocol company. Consistent with this established pattern, December saw Ripple strategically withhold 200 million XRP, transferring these funds between different crypto wallets to ensure liquidity in the […]
© Reuters WASHINGTON – In the race for the White House, presidential hopeful Vivek Ramaswamy has positioned himself as a proponent of cryptocurrency, using recent debates and public appearances to criticize the current regulatory approach for digital assets. During a GOP debate on Wednesday night, Ramaswamy defended Bitcoin’s value in promoting economic freedom and took […]
SAO PAULO – In a major move to expand the reach of digital currencies in Latin America, Circle, the company behind stablecoin USDC, has forged a strategic partnership with Brazilian neobank Nubank . This partnership aims to increase adoption and understanding of USDC through Nubank’s dedicated cryptocurrency platform, Nubank Crypto. This partnership comes at a […]
Lido Finance, a decentralized finance protocol, has seen a significant increase in Total Value Locked (TVL), which recently increased by almost 7%. This growth is attributed to a combination of increased stake deposits and the rising value of cryptocurrencies such as Ethereum (ETH) and Polygon (MATIC), which increased by 7% and 6% respectively. The protocol’s […]
© Reuters. Fidelity Investments has taken a significant step forward by listing a spot exchange-traded fund (ETF), known as FBTC, with Depository Trust &; Clearing Corporation (DTCC). The move comes at a time when the cryptocurrency market is closely monitoring the actions of the US Securities and Exchange Commission (SEC), with a particular focus on […]
© Jakub Porzycki via Reuters Connect MOSCOW – In an important development for Russia’s international trade, BrownRice Capital has announced the launch of Exved, a new electronic system designed to facilitate cross-border payments using stablecoins Tether (USDT). This initiative aims to provide Russian importers and exporters with a more efficient and cost-effective mechanism for global […]