$11.6B in Business Capital Could Be Freed by Stablecoins, Says New Report by Cebr and BVNK on 10th Anniversary of Stablecoins
- 1 year 10 months ago
- Cryptocurrencies
BVNK, the B2B payments provider and Cebr, the Centre for Economics and Business Research, have published a new analysis on the economic impact of stablecoins, on the 10th anniversary of the first stablecoin launching. As the stablecoin market cap reaches $160bn, the new report demonstrates for the first time the quantitative link between increasing stablecoin use and economic impact. Economic impact of stablecoins revealed
ZA Bank Unveils HK’s First Stock Rebate Programme ‘StockBack’
- 1 year 11 months ago
- Cryptocurrencies
ZA Bank today announced the launch of StockBack, an innovative stock rebate programme that allows users to get a free lucky draw of big-name US stocks after each successful stock purchase transaction. The move sets a precedent in the local banking industry where users can get “stockback” from every stock purchase for the first time in Hong Kong.
OANDA Prop Trader Enables Crypto Payments
- 1 year 11 months ago
- Cryptocurrencies
OANDA announced today that it has introduced cryptocurrencies* as a payment method in its prop trading business, OANDA Prop Trader, giving customers globally the option to pay for trading Challenges using cryptocurrencies via the program's user portal.
Bitget Added 2.9 Million New Users With $700M Capital Inflow in Q2
- 1 year 11 months ago
- Cryptocurrencies
The exchange experienced a surge in user funds, with Bitcoin (BTC), Tether (USDT), and Ethereum (ETH) holdings increasing by 73%, 80%, and 153%, respectively, over the first six months of the year. This growth coincided with the addition of 2.9 million new users to the platform. This placed Bitget among the top exchanges with the highest net positive inflows in the past quarter. Only Binance, which remains the market leader, and Bitfinex... more
Nuvei Introduces Off-ramping of Digital Assets to Cards via Mastercard Move in Europe
- 1 year 11 months ago
- Cryptocurrencies
Nuvei Corporation, the Canadian fintech company, announces today a partnership with Mastercard to launch a new off-ramping solution that enables consumers in Europe to seamlessly convert their Digital Assets, including cryptocurrencies, into traditional fiat currency via debit, credit, and prepaid cards. This new functionality bridges digital and traditional finance that can be spent via Mastercard's global network.
Binance, KuCoin and Bybit Lead the Charts as Top Regulated CEXs in TokenInsight Report
- 1 year 11 months ago
- Cryptocurrencies
The rising adoption of cryptocurrency is driving significant technical innovations and investment opportunities. However, this rapid expansion also brings substantial risks to the crypto industry. TokenInsight's latest report analyzes the regulatory compliance of the top 10 global cryptocurrency exchanges, with KuCoin emerging as a leader.
Boerse Stuttgart Group Now Offers ESG Data for Cryptocurrencies
- 1 year 11 months ago
- Cryptocurrencies
The EU's MiCA regulation sets transparency requirements for crypto asset service providers. They will be obliged to publish sustainability figures for the cryptocurrencies they offer.
KuCard Expands to Support Multiple Virtual and Physical Cards, Enhancing User Convenience and Accessibility
- 1 year 11 months ago
- Cryptocurrencies
KuCard, a Visa debit card by KuCoin, will support multiple virtual and physical cards starting from July 1st, 2024, enhancing convenience and accessibility for KuCard users. This exciting update allows users to manage multiple cards seamlessly, all eligible for its generous cashback program.
Collaboration Between BDF and HKMA Unlocks New CBDC Cross-Border Opportunities
- 1 year 11 months ago
- Cryptocurrencies
The BDF and the HKMA have been maintaining a close partnership in promoting financial innovation. The latest collaboration is the HKMA’s participation in Wave 2 of the European Central Bank (ECB)’s Eurosystem exploratory work1, marking an important milestone as a major central banking institution outside the Eurosystem participating in the initiative.
Zand Bank and Taurus Sign a Strategic Partnership Covering All Types of Digital Assets
- 1 year 11 months ago
- Cryptocurrencies
Taurus SA (“Taurus”) is pleased to announce that Zand Bank PJSC (“Zand”) has selected Taurus as a strategic partner covering all aspects of its digital asset infrastructure: custody, tokenization, and blockchain connectivity.
Paxos Secures Full Approval to Offer Digital Payment Token Services from Monetary Authority of Singapore; DBS to be Primary Banking Partner
- 1 year 11 months ago
- Cryptocurrencies
Paxos, the leading regulated blockchain & tokenization infrastructure platform, received full approval from the Monetary Authority of Singapore (MAS) for its Singapore entity, Paxos Digital Singapore Pte. Ltd. to offer digital payment token services as a Major Payments Institution. The approval enables Paxos to issue stablecoins in line with MAS' upcoming stablecoin framework.
Clearstream, DekaBank, and DZ Bank Successfully Issue Tokenised Bonds on DLT at ECB Trials
- 1 year 11 months ago
- Cryptocurrencies
Clearstream, DekaBank and DZ Bank have jointly issued two tokenised €5-million bonds using distributed-ledger technology (DLT). The issuances took place in the context of the ECB trials aimed at exploring the potential of DLT for settling wholesale transactions in central bank money.
Conio, in Partnership with Mesh, Launches Europe's First Open Banking Solution for Bitcoin: a Unified Gateway to Leading Global Crypto Platforms
- 1 year 11 months ago
- Cryptocurrencies
Mesh, a US-based fintech company offering integrations with over 300 leading exchanges and wallets that recently completed a $22 million Series A round and received a $6.5 million strategic investment from PayPal Ventures, and Conio, the Italian fintech company backed by Poste Italiane and Banca Generali, which introduced Italy's first Bitcoin and digital assets wallet, announce today the launch Europe’s first Open Banking solution for Bitcoin.
BVNK Launches Layer1, a Self-Custody Infrastructure for Stablecoin Payments, Fast Tracking Market Entry for Fintechs
- 1 year 11 months ago
- Cryptocurrencies
BVNK, global stablecoin payment provider, announces the launch of a new product, Layer1. This self-hosted, self-custody digital asset infrastructure helps businesses launch stablecoin payments quickly and securely, while keeping full control and privacy over their digital assets.
UK’s Young Voters Call for Crypto to Be Moved Up the Political Agenda
- 1 year 11 months ago
- Cryptocurrencies
According to new data released today ahead of the upcoming general election, more than a third of young adults in the UK believe crypto is an important electoral issue. Research commissioned by Zumo, the B2B digital assets infrastructure, and conducted by Focaldata reveals 34% of both 18-24 and 25-34 year-olds think the growth of the crypto industry should be front of mind for the country’s politicians.
