(source: en.wikipedia.org)
Ledger is asking resellers and distributors in Southeast Asia and Hong Kong to suspend sales of its cryptocurrency hardware wallets while it investigates an incident in which someone in the distribution chain tampered with the devices and later drained crypto from them, the company said...
FinTech Bakkt turned to Thredd to launch a card-as-a-service program in the United States designed to settle in stablecoins, according to a Tuesday (Oct. 13) press release. The partnership will see Thredd’s card processing and credit infrastructure extend Bakkt’s settlement rails into consumer credit products...
A business receives $10 million in stablecoins on Monday, and by Friday, much of it could be back in a bank account. The payment worked. The problem, however, is what needed to happen next. Stablecoin payments may have eliminated hours of settlement friction, but they...
House Financial Services Committee Chairman French Hill said the Securities and Exchange Commission and Commodity Futures Trading Commission cannot provide the regulatory certainty cryptocurrency markets need through administrative rulemaking alone. Hill acknowledged that both agencies have moved to establish a regulatory framework for digital assets...
Coinbase is expanding its partnership with Samsung to power the stablecoin experience in the electronics company’s digital wallet. The new offering, announced Thursday (Oct. 8), extends a collaboration that began last July, and is set to roll out in the U.S. during the last week of October as Coinbase tries to expand...
Mastercard and SoFi Tech Solutions teamed to help Mexican FinTech Orbi introduce a cryptocurrency-linked card program, according to a Thursday (Oct. 8) news release. The program will allow Orbi customers to use either traditional fiat currency or funds from their crypto balances at the time...
Coinbase is reportedly expanding its services for traditional financial firms amid growing institutional cryptocurrency adoption. Banks are increasingly launching their own digital asset services, and Coinbase is serving as their infrastructure provider while also bolstering its prime offerings, Liz Martin, head of Coinbase Institutional, said...
The Independent Community Bankers of America (ICBA) has taken its long-running fight against special-purpose crypto banks to federal court. In a lawsuit filed Friday (Oct. 2) in federal district court in Washington, the ICBA argued that the Office of the Comptroller of the Currency (OCC)...
Noah, a stablecoin payments infrastructure provider focused on cross-border transactions, closed its seed funding round at $38 million, the company said in a Wednesday (Oct. 7) press release. Noah closed the round after raising an additional $16 million from new and existing investors, according to...