(source: en.wikipedia.org)
Cryptocurrency payment processor BitPay has received authorization to operate across the European Union under the bloc’s landmark Markets in Crypto-Assets (MiCA) regulation, the company announced Thursday (July 16). The approval, granted by the Dutch Authority for the Financial Markets (AFM), designates the firm’s European subsidiary,...
Circle’s Gateway and Circle Payments Network (CPN) are now natively accessible within Fireblocks’ stablecoin infrastructure, Fireblocks said in a Thursday (June 16) blog post. Gateway gives Fireblocks customers access to a USDC Virtual Wallet that aggregates balances across supported chains into a single account and...
If Stripe’s reported pursuit of PayPal signals anything, it is that the next competitive frontier in payments may not be creating new consumer experiences at all. It may be replacing the financial plumbing beneath the ones consumers already trust. Stripe and Advent International have offered...
The U.S. Treasury Department and HM Treasury have unveiled a joint blueprint for closer regulatory cooperation on digital assets. It features a series of measures designed to align the two countries’ approaches to stablecoins, tokenization and digital financial infrastructure while laying the groundwork for more...
Revolut furthered its expansion strategy in the United Arab Emirates (UAE) by gaining in-principle approval to provide crypto services in the country. The company secured in-principle approval for a Virtual Assets Service Provider (VASP) license from the Virtual Assets Regulatory Authority (VARA) in Dubai, it said in a Wednesday (July 15) press...
The upcoming launch of Open Standard’s Open USD (OUSD) stablecoin could pose an “existential threat” to Circle’s USDC, but it depends on how things play out, a CoinShares analyst said Monday (July 13). In a note posted Monday, CoinShares Senior Ethereum Research Associate Luke Nolan...
Cyclops raised $20 million in a Series A funding round to accelerate the development of its stablecoin rails for the payments industry. The firm enables payments companies to onboard with a single partner and use one API to access stablecoin settlement, pay-ins, payouts and treasury...
The U.S. government has transferred approximately $288 million worth of seized cryptocurrency to Coinbase Prime, fueling speculation over whether federal authorities are preparing to liquidate some of their digital asset holdings or simply moving them into institutional custody. According to data from on-chain tracker Arkham...
Blockchain financial products are no longer merely standing at the edge of banking. They are beginning to reproduce some of its most profitable functions across banking’s own regulated landscape. Japan, for example, on Wednesday (July 15) passed a new parliamentary amendment placing cryptocurrency assets under...