Robinhood, Revolut eye entry into stablecoin market — Report
Both Robinhood and Revolut are reportedly considering issuing their own stablecoins as the industry continues to expand.
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Turkey tops the world in stablecoin buying share vs. GDP
Stablecoin purchases in Turkey amount to 4.3% of GDP, the highest among global economies, according to Chainalysis.
FCA’s New AML Regime – UK’s Crypto Market Will Have to Adapt in 2020
The Financial Conduct Authority (FCA) is now the United Kingdom's sole Anti-Money Laundering (AML) authority for the crypto business. After a decade of compliance under a laissez-faire approach to AML legislation, U.K.-based crypto firms now face a significantly more stringent set of rules. With the FCA thrashing U.K. crypto regulation into shape, the consequences upon…
Meta says FB and IG users can post NFTs: Nifty Newsletter, Aug 24–30
In this week’s newsletter, read about Meta’s newest update on the integration of nonfungible tokens (NFTs) on Facebook and Instagram. Check out how the NFT trading volume on OpenSea has plummeted by 99% and how despite the downturns, digital artists still firmly believe in the future of NFTs. In other news, learn about the changes…
Monex’s US Subsidiary TradeStation to Launch Crypto Lending Service
U.S. online brokerage TradeStation will soon launch its own cryptocurrency lending service. 2743 Total views 18 Total shares United States-based TradeStation, a subsidiary of Japanese firm Monex Group, is planning to launch a crypto lending service.The plan was announced in Monex’s earning report published on July 29. Called “Crypto Earn” the new lending service is…
Nasdaq reportedly prepares for crypto custody services for institutions
The firm reportedly created a new group focusing on digital assets and onboarded Ira Auerbach, who previously worked at Gemini, to lead the unit. 381 Total views 16 Total shares As more institutions become interested in dabbling in cryptocurrencies, multinational financial services firm Nasdaq has reportedly started its preparations to offer digital asset custody services…
Ripple’s major success in its court battle with the SEC: Law Decoded, July 10–17
Ripple Labs scored a partial victory in its lengthy legal battle with the United States Securities and Exchange Commission, which dates back to 2020. 175 Total views 6 Total shares Given the current push for crypto regulation, the industry breathed a sigh of relief on July 13 as Ripple Labs scored a partial victory in…
Cosmos sees 1 million transfers in a month across the ecosystem
The Inter Blockchain Communication protocol that powers Cosmos has been growing steadily over the past 6 months. 489 Total views 18 Total shares The Cosmos cross-chain network has been growing steadily along with the projects that run on top of it and it’s just reached a milestone in terms of activity.The Inter Blockchain Communication protocol…
Ethereum price back on track to $500 once bulls flip $400 to support
After rallying 8.15% to $387, Ethereum price is fast approaching a key resistance at $400. 230 Total views 11 Total shares On Oct. 12 the price of Ether (ETH) soared 8.15% to reach a new monthly high at $387.75 on Binance. The rally from $366 to as high as $387.50 occurred as Bitcoin (BTC) price…