DTCC launches digital sandbox to innovate capital market infrastructure

Global payment processing giant PayPal announced its United States dollar-pegged payment stablecoin called PayPal USD (PYUSD) on Aug. 7. The stablecoin is developed on Ethereum (ERC-20) and will be issued by Paxos Trust Co. PYUSD is reportedly fully backed by U.S. dollar deposits, short-term Treasurys and similar cash equivalents.PayPal said that the launch showcases the company’s…

South Korea’s strict crypto regulatory oversight is now extending to overseas exchanges that offer cryptocurrency trading services denominated in the country’s currency. 178 Total views 2 Total shares Eun Sung-soo, chairman of South Korea’s Financial Services Commission (FSC), has said that foreign crypto exchanges that deal in the Korean won must comply with the country’s…

Representatives from Coinbase, Kraken, Ripple and Circle reportedly attended a video call with US policymakers to discuss their approach to crypto regulation.

Despite the ongoing volatility plaguing the digital asset sector, one niche that has undoubtedly continued to flourish is the nonfungible token (NFT) market. This is made evident by the fact that a growing number of mainstream mover and shakers including the likes of Coca-Cola, Adidas, the New York Stock Exchange (NYSE) and McDonalds, among many…

Multi-million dollar incentive programs and the ease of cross-chain transfers are boosting the value of L1 and L2-based tokens and raising the total value locked in their associated DeFi platforms. 1415 Total views 4 Total shares The competition among layer-one (L1) smart contract platforms has been on the rise in the past couple of months…

Apple has no intention to follow Facebook in creating its own digital currency, the company’s CEO Tim Cook has said.Cook “not comfortable” about firms creating moneySpeaking in an interview with French media magazine Les Echos on Oct. 4, Tim Cook poured cold water on the idea that Apple could release its own currency tokens.“No,” he…

Crypto wallets with easier sign-in options and recoverable passwords could become the industry standard in the future.

The web has arguably been the biggest driver of economic and technological innovation in the 30 years since its invention. It has not only lowered barriers to publishing information and accessing that information, it has also changed peer-to-peer communication, in all senses of the term, across the globe. It has almost entirely swallowed whole media…