Crypto resonates better with BIS’ vision of ideal monetary system
The report awarded points to the fiat ecosystem for the safety and stability policy while highlighting that “Public oversight has helped achieve safe and robust payment systems.” In its continued efforts to identify the ideal future monetary system, The Bank …
Roxe Holding in talks for listing on Nasdaq via $3.6B SPAC deal
The firm has entered an agreement with special purpose acquisition company Goldenstone Acquisition Ltd, through which it will pursue the listing. Goldenstone Acquisition Ltd, a special-purpose acquisition firm (SPAC), has announced plans to go public with blockchain-based payments firm Roxe …
Bitcoin price wicks below $20K as whales send 50K BTC to exchanges
Bitcoin bulls lose their grip as BTC price action remains firmly below a key long-term trendline. Bitcoin (BTC) saw a dramatic change of mood into June 22 as multi-day highs gave way to a fresh dive under $20,000. BTC/USD 1-hour …
Qatar Central Bank in ‘foundation stage‘ of launching digital currency
The bank is exploring technological solutions and platforms for its own digital currency. The 2.8-million nation of Qatar is going to join a growing range of countries experimenting with the central bank digital currency (CBDC) concept. The Qatar Central Bank …
Crypto.com scores approval from Singapore finance regulators
The cryptocurrency exchange will get a Major Payment Institution License from the country’s top financial regulator. Major Singapore-based cryptocurrency exchange Crypto.com received in-principle approval from the Monetary Authority of Singapore (MAS) for its Major Payment Institution License. The license will …
Crypto brokerage FalconX raises $150M at $8B valuation
FalconX is the latest cryptocurrency firm to secure millions of dollars in fresh funding despite the cryptocurrency markets experiencing a major decline. Despite the ongoing bearish trend in cryptocurrency markets, venture capital firms continue pouring capital into major industry players …
Meet the Snoop Dogg impersonator who walked around NFT.NYC
Doop Snogg, the impersonator, was hired to “drum up excitement” at the NFT.NYC conference. A man impersonating the hip-hop icon Snopp Dogg went around NFT.NYC to fire things up at the nonfungible token (NFT) event. While the intention was to …
Tether to launch GBPT stablecoin pegged to British pound sterling
Tether expects to be part of industry innovation in the United Kingdom as the country is planning to adopt stablecoins as a means of payment. Major stablecoin company Tether is expanding its stablecoin offering with a new cryptocurrency pegged to …
Solana whale moves $25M of USDC debt from Solend to Mango Markets
The move reduces the utilization of USDC within the Solend platform and allows users to withdraw their assets once more. The Solana (SOL) whale that was subjected to the potential takeover by a recent Solend governance vote has gotten in touch …
USDC’s ‘real volume’ flips Tether on Ethereum as total supply hits 55.9B
At least on the Ethereum network, USDC real volume has nearly doubled that of USDT in the past 24 hours which could be another sign that the top stablecoin’s dominance is coming to an end. USD Coin is taking a …