Tether, the largest stablecoin globally, strongly criticized Deutsche Bank’s recent statement, which cast doubts on the sustainability of stablecoins and questioned Tether’s solvency. Deutsche Bank’s research, released on Tuesday, examined 334 currency pegs dating back to 1800 and found that only 14% endured. The research suggested that stablecoins are susceptible to “turbulence and de-pegging events,” … Read more
Litecoin has risen to prominence as the preferred cryptocurrency for transactions on the Bitpay crypto payments platform, surpassing Bitcoin in adoption among users. Litecoin Outpaces Bitcoin In Crypto Transactions In a recent post on X (formerly Twitter), the Litecoin team announced that LTC has emerged as the leading cryptocurrency for payments on BitPay. They shared … Read more
Mastercard, alongside major US banks like Citigroup, Visa, and JPMorgan, has embarked on a collaboration to explore the potential of distributed ledger technology (DLT) for banking settlements through tokenization. The alliance aims to test a shared-ledger platform known as the Regulated Settlement Network (RSN). RSN facilitates the collective settlement of tokenized assets such as Treasury … Read more
Pi Network is making progress toward substantial growth. It has declared that it will be launching the Pi credit card in strategic partnership with YESBANK and AnqFinance. This partnership represents a significant turning point for the bitcoin sector as well as the Pi Network. The launch of the Pi credit card is in line with … Read more
Nigeria is working to improve Know Your Customer (KYC) compliance in both traditional and cryptocurrency investment. As part of this effort, the Central Bank of Nigeria (CBN) has ordered four fintech companies to cease accepting new clients. As part of an ongoing assessment of the KYC process, Nigerian fintech companies OPay, Kuda Bank, Moniepoint, and … Read more
In the upcoming months, Bitcoin transactions will be allowed again, according to plans disclosed by global payment company Stripe. The corporation has reaffirmed its commitment to digital currency after halting Bitcoin transactions in 2018, as seen by this move, which was revealed at its Global Internet Economy conference. John Collison, the president of the company, … Read more
Bitwise CIO Matt Hougan has shared his thoughts on X on the International Monetary Fund’s (IMF) research on Bitcoin (BTC) payments, which was released earlier this month. Bitcoin as a Financial Independence Tool The Bitwise executive claims that citizens of nations with restricted access to the global economy primarily use the top cryptocurrency by market … Read more
The first batch of applications for the Digital Securities Sandbox is expected to join in the fall of 2024, according to the Financial Conduct Authority and the Bank of England. In order to enable participants to test distributed ledger technology (DLT) for trading and settlement of digital securities like shares and bonds, the Bank of … Read more
The Central Bank of Russia has disclosed that the total value of transactions on its cryptocurrency exchanges in 2023 was close to $52 billion. The bank claims that it may “potentially” link more than $51.67 billion in Bitcoin (BTC) and Ethereum (ETH) transactions on “large crypto exchanges” to Russian nationals. Nevertheless, the majority of Russians … Read more
DOGE developer “Mishaboar” has stirred up discussions about the potential integration of Dogecoin payments on Elon Musk’s X platform, adding to the community’s anticipation. Mishaboar, a prominent figure in the Dogecoin community, has raised questions about the incorporation of DOGE and crypto payments into X (formerly Twitter). Since Musk’s acquisition of the platform in October … Read more