Regulators and service providers are collaborating as never before to address systemic vulnerabilities of the crypto industry. This year has been a strong one for digital asset markets, highlighted by growing institutional inflows and a propitious shift in the regulatory environment. Witness the U.S. Securities Exchange Commission’s September letter that says crypto exchanges that comply […]
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New update from Coinbase quickens the transmutation of crypto into fiat. Coinbase has unveiled a faster way for its customers to move digital currencies out of crypto and into their bank accounts. The U.S. friendly crypto platform now allows 40 different countries faster cash withdrawals, Coinbase wrote in a Oct. blog post. “Customers in the […]
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Cryptocurrency may emerge as a more widely adopted means of exchange as consumers grow increasingly comfortable with cashless transactions. The recent health scare surrounding the COVID-19 outbreak seems to have accelerated the move toward a cashless society, with cashless payment spiking in concert with viral cases. Yet, our findings in a Genesis Mining study called […]
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Several leaders in banking, payments and politics are joining the Chamber of Digital Commerce, a major voice for the blockchain industry in Washington, D.C. On Wednesday, the Chamber of Digital Commerce announced the addition of Visa, Goldman Sachs and Six Digital Exchange (SDX) to its executive committee. Mick Mulvaney, a former White House Chief of […]
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Libra gets another member as it strives to have 100 entities on board. The Facebook-initiated Libra blockchain project continues to grow as its governing body has added a new major industry partner. Blockchain Capital, one of the largest venture capital firms in the blockchain industry, has joined the Libra Association, according to an official Sept. […]
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Wirex’s new Mastercard-supported card will be linked to 19 crypto and fiat currency accounts in the Wirex app. Wirex — the first cryptocurrency platform to be granted a Mastercard principal membership — will release a new multi-currency card on the heels of the membership. Wirex is a London-based crypto payment processor and is regulated by […]
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Binance is aggressively pushing its new crypto debit card. The world’s largest exchange, Binance, has officially announced that its cryptocurrency debit card is now available in Europe. According to a Sept. 15 blog post, the Binance Visa Card is now available to everyone in the European Economic Area, or EEA, countries. To celebrate the launch […]
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Crypto businesses are unsure how to react to new regulations in the Russian Federation. Russia’s new cryptocurrency-related law, “On Digital Financial Assets,” or DFA, seems to have had little impact on the local cryptocurrency industry so far. In its current form, the DFA law essentially provides legal status to digital assets like Bitcoin (BTC), but […]
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Two big crypto companies enter Japan. Revolut, a major European cryptocurrency-friendly trading application is expanding to another major market. The London-based firm has launched its digital banking app in Japan, as Revolut announced in a Sept. 8 tweet. According to a report by The Nikkei, Japan is the first non-English speaking market for Revolut. Headquartered […]
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Is Mastercard trying to show some central banks the folly of their ways? Mastercard announced on Wednesday the release of a proprietary tool targeted to central banks that wish to test their Central Bank Digital Currency, or CBDC. Over 70% of central banks are entertaining the idea of a digital currency in some form, a […]
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