Payment giant PayPal is entering the crypto space in a big way. Shortly after launching its USD-pegged, Ethereum-based stablecoin PYUSD, the company has announced plans to launch a crypto hub for select users. PayPal updated its terms and conditions to introduce Cryptocurrencies…
The Bank of America says PayPal’s newly launched stablecoin, PYUSD may have a hard time getting adoption, at least in the short term. The bank stated this in a report based on recent research it carried out concerning the stablecoin. First, PYUSD…
The Indian ministry of Electronics & Information Technology (MeitY) has challenged its citizens to develop a native web browser powered by crypto tokens. The ministry announced the launch of the Indian Web Browser Development Challenge (IWBDC) on 9August, in which participants will…
An official report issued , on August 8, revealed that El Salvador’s central bank had approved Binance’s license to operate as a regulated entity. The report illustrated that Binance obtained a Bitcoin Service Provider License (BSP) and Digital Asset Service Provider (DASP)….
In a recent update, the prominent crypto payment platform in Estonia, CoinsPaid, accused the North Korean illicit group of compromising with the company system. The CoinsPaid team lamented that the Lazarus Group gained unauthorized access to the system and posted fake jobs….
The team behind the world’s largest stablecoin, Tether (USDT), has announced plans to release revolutionary Javascript Libraries. The announcement conveyed by Tether developers revealed that the proposed Javascript modules would support sending commands and signals to Bitcoin-oriented mining hardware such as WhatsMiner,…
Coinbase has been in court since June, following the securities and exchange commission (SEC) allegations of security laws violation. The exchange has however challenged the SEC case, citing the Ripple win against the agency as a reason to dismiss its case. Coinbase…
UK digital bank Revolut has announced it is halting crypto services for U.S. customers. The financial services company said it took the “difficult decision” due to the “evolving regulatory environment” and “uncertainties around the crypto market” in the U.S. Revolut launched eight…
Top global crypto exchange Coinbase has announced its intention to integrate the Bitcoin Lightning network on its platform. The exchange’s CEO Brian Armstrong, in a statement on Tuesday said Coinbase supports the efforts to facilitate payments on Bitcoin through the Lightning Network….
A statement issued by the chief executive of Coinbase, Brian Armstrong, revealed that the crypto exchange plans to integrate the Bitcoin Lightning network on its platform. The CEO explained that the layer 2 payment protocol on the Bitcoin network has massive potential…
The digital arm of Nomura, Laser Digital has successfully obtained a license as a virtual asset services provider in Dubai. The firm is set to launch services including over-the-counter crypto trading services and investment products for institutional investors in the coming months…
On Monday, July 31, the second largest crypto exchange by daily trading volume, Coinbase, revealed that the US Securities and Exchange Commission (SEC) had requested the firm only to support the listing of Bitcoin. In an interview with the Financial Times, the…
Binance has won an Operational MVP License from Dubai’s Virtual Assets Regulatory Authority (VARA), the exchange announced in a blog on July 31. This makes the world’s largest crypto exchange by trading volume the first to secure such a license in the…
Cryptocurrencies have gone through a lot, with regulatory pressure mounting on the industry currently. Governments are gearing towards crypto regulation but some are going to the extreme, seemingly destroying the industry. Interestingly though, recent data reveals that most major global banks are…
The crypto market has seen some upsides this year, but it has mostly been bearish. Bitcoin crashed to $15,000 in January, reaching the lowest level since the 2021 all-time high of over $60,000. This has made investors have mixed feelings on the…
In a recent update, the German regulators joined forces with France to probe the operation of Worldcoin. In an email statement, the French privacy regulators CNIL expressed concern about the controversial project led by the co-founder of OpenAI, Sam Altman. Worldcoin was…
In a blog post, the team behind Shibarium, an Ethereum-focused layer 2 network, announced the launching of the testnet bridge. The launch aimed to support users to transfer their tokens between Shiba Inu and Ethereum blockchain network. According to Shibarium developers, the…
The crypto market has been down the last few days, with Bitcoin leading the drop as usual. Bitcoin recently crashed under $30,000 for the first time in four months. This resulted in the general market experiencing a downward trend that has persisted…
Phoenix Technology, the prominent crypto mining hardware retailer, confirmed plans to hold talks on an initial public offering (IPO) in the United Arab Emirates (UAE). An IPO offering involves selling privately owned shares to retail and institutional clients. According to two people…
The Saudi Central Bank (SAMA) and the Hong Kong Monetary Authority (HKMA) have signed a memorandum of understanding (MoU) today to strengthen collaboration between the financial services sectors in the two jurisdictions. The MoU was signed during a bilateral meeting held in…
