Coinbase’s cbBTC surges to third-largest wrapped BTC token in just one week
According to data from CryptoQuant, cbBTC circulation supply has outpaced long-established players seven days after launch.
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Forcount crypto scheme promoters plead guilty to wire fraud conspiracy
On July 22, two of the five individuals who allegedly stole $8.4 million from investors between 2017 and 2021 by promoting Forcount pleaded guilty.
USDC trading volume soars 48% in July, driven by MiCA, market growth
The market capitalization of stablecoins increased by 2.1% to $164 billion in July, the highest level since April 2022.
PayPal reportedly confirms plans to explore the launch of a stablecoin
The development of an in-house stablecoin was first discovered in the source code of Paypal’s iPhone app by developer Steve Moser. 707 Total views 23 Total shares American fintech giant PayPal Holdings has reportedly confirmed its intent to launch its own stablecoin named PayPal Coin. The development of an in-house stablecoin was first discovered in…
Jamaica’s central bank taps Irish tech outfit for CBDC project
The Bank of Jamaica has partnered with an Ireland-based tech firm for its central bank digital currency project scheduled to begin in May. 1607 Total views 11 Total shares Jamaica is the latest country making concrete efforts towards issuing its own sovereign digital currency.According to a press release by the Bank of Jamaica on Tuesday,…
Blockchain.com suspends its asset management subsidiary launched in April: Report
The timing of opening the subsidiary was unfortunate, a spokesperson told Bloomberg, although the company held up to the crypto winter for quite a while. 662 Total views 2 Total shares Own this piece of history Collect this article as an NFTCryptocurrency financial services company Blockchain.com will suspend operations of its asset management subsidiary, according…
BitGo Releases Crypto Wallet Compliance Tool for FATF’s Travel Rule
Major digital asset firm BitGo announces API support for the Financial Action Task Force’s travel rule. 1347 Total views 21 Total shares BitGo, one of the world’s largest Bitcoin (BTC) transaction processors, is integrating a new API into its crypto wallet service to support the Financial Action Task Force’s travel rule.BitGo told Cointelegraph on July…
NatWest cuts payment channels to Binance, citing regulatory uncertainty
“It’s like people can’t spend their money on what they want anymore,” one Twitter user noted regarding NatWest’s action against Binance. 781 Total views 7 Total shares NatWest, a major United Kingdom-based retail and commercial bank, has blocked all credit and debit card payments to crypto exchange Binance until further notice, the bank confirmed to…
Ethereum gains 5% in 24 hours: Start of post-ETF approval pump?
ETH has come within $70 of the psychological $4,000 price level during early trading on May 27.