In the past year, Binance, the leading exchange globally in terms of trading volume, faced significant regulatory challenges that led to substantial market exits and the suspension of several services. However, as the situation has gradually improved and the exchange has stabilized, it is now in the process of reintroducing services. This includes the revival … Read more
Solana, ranked as the fourth-largest blockchain by total value locked (TVL), is witnessing a surge in institutional adoption. Robinson Burkey, co-founder and chief commercial officer of Wormhole Foundation, highlighted the growing trend of financial institutions embracing the Solana blockchain to future-proof their services. He emphasized that industry leaders like PayPal, Stripe, and Visa are recognizing … Read more
The University of Austin is making waves by embracing Bitcoin as a payment option, with plans to create a $5 million Bitcoin fund through donations. Partnering with Unchained, a cryptocurrency platform, they aim to hold onto BTC for the long term. Thomas Hogan, an associate professor, believes this move sets a precedent for academic institutions … Read more
Bitpanda, a crypto trading platform, has recently partnered with Deutsche Bank, enabling German crypto traders to conduct real-time inbound and outbound payments seamlessly. This collaboration enhances transaction efficiency and security while ensuring robust liquidity for Bitpanda’s users in Germany. Through the partnership, Bitpanda gains access to Deutsche Bank’s application programming interface (API)-based account solution, facilitating … Read more
Binance, a leading cryptocurrency exchange, has ceased allowing cash payments for peer-to-peer (P2P) cryptocurrency transactions in India. This means that users in the country can no longer purchase or sell supported cryptocurrencies using cash deposits or receipts. Indian Binance P2P Users Are No Longer Able to Use Cash Indian traders could previously terminate deals after … Read more
Donald Trump’s Presidential campaign gained significant attention by becoming the first to accept Bitcoin Lightning Network payments for donations, in collaboration with OpenNode. This move reflects Trump’s support for cryptocurrencies and his desire to position the nation as a leader in the field. A Bitcoin enthusiast, identified as @nikcantmine on the X platform, highlighted this … Read more
Acting Financial Secretary Wong Wai-lun of Hong Kong reiterated the city’s commitment to establishing itself as a hub for cryptocurrency activities, aligning with its longstanding vision in this regard. Wai-lun emphasized Hong Kong’s focus on financial innovation and support for various sectors, including financial technology, green finance, decentralized finance (DeFi), Web3, and cryptocurrencies. Speaking at … Read more
A crypto wallet allegedly owned by DBS Bank, a multinational banking and financial services corporation, contains more than 170,000 Ether, valued at close to $650 million. Blockchain analytics company Nansen highlighted an Ethereum “whale” on May 30, identifying the Singaporean banking giant as the entity behind it. According to Nansen’s findings, DBS Bank, one of … Read more
Mastercard has rolled out its Crypto Credential, enabling users to send and receive cryptocurrencies through aliases rather than intricate blockchain addresses. Unveiled in 2023, this peer-to-peer (P2P) innovation represents the initial practical implementation of Mastercard Crypto Credentials. The company aims to broaden this capability to encompass NFTs, ticketing services, and various payment solutions. Mastercard Wants … Read more
Kroo, a London-based challenger bank, has implemented a ban on crypto transactions to safeguard its customers’ accounts and funds, effective from May 30, 2024. The updated terms and conditions state that the bank will no longer process bank transfers or card payments associated with crypto asset providers. Additionally, Kroo has announced plans to freeze or … Read more