Blockchain company Ripple is set to expand its payments services in Singapore. The company announced Monday (Dec. 1) that the Monetary Authority of Singapore (MAS) had approved an expanded scope of payment activities for the major payment institution (MPI) license held by its Singapore subsidiary....
U.S. Bank is testing custom stablecoin issuance on the Stellar blockchain network. The bank is collaborating on this project with the Stellar Development Foundation (SDF) and PwC, the organizations said in a Tuesday (Nov. 25) blog post. “It’s another way to move money on a...
The price of Bitcoin rose above $90,000 for the first time in about a week, recovering after a month-long selloff, Bloomberg reported Wednesday (Nov. 26). Bitcoin exchange-traded funds (ETFs) also saw a turnaround, with inflows of $130 million on Tuesday (Nov. 25) after an outflow...
Klarna has launched KlarnaUSD, its first stablecoin and the first bank-issued token to debut on Tempo, a new payments-focused blockchain built by Stripe and Paradigm. The move, announced Tuesday (Nov. 25), positions the Sweden-based digital bank and payments provider to test blockchain-based settlement at a...
Macroeconomic pressures and a lack of progress in regulation are among the factors that led to the recent decline in the price of Bitcoin, CoinDesk reported Monday (Nov. 24), citing analysts from Deutsche Bank. Bitcoin ended last week with a Nov. 21 price of about...
A bill introduced Thursday (Nov. 20) in the U.S. House would allow Americans to use Bitcoin to pay federal taxes and would direct those payments into the Strategic Bitcoin Reserve. The Bitcoin for America Act (H.R. 6180) was introduced by Rep. Warren Davidson (R-Ohio) and...
Early cryptocurrency was about permissionless innovation. The current wave is about professionalization. Facing a maturation tipping point, the industry’s frontier has shifted from speculative tokens, particularly as crypto markets remain as volatile as ever, to more durable questions of blockchain infrastructure, like how value moves...
HSBC is reportedly due to launch an expansion of its tokenized deposits services. The global bank already offers that service in Hong Kong, Singapore, the UK and Luxembourg, and now plans to expand it to corporate clients in the U.S. and United Arab Emirates (UAE)...
Digital payments firm Ant International has launched a blockchain-centered partnership with banking giant UBS. The collaboration, announced Monday (Nov. 17), will see the companies explore the use of blockchain-based tokenized deposits to support Ant International’s global payments settlement and liquidity management. The arrangement involves Ant using UBS Digital Cash, a blockchain-based...