(source: en.wikipedia.org)
The U.K. has introduced new digital asset regulations as part of its ongoing quest to become a cryptocurrency hub. The country’s Financial Conduct Authority (FCA) issued new rules Tuesday (June 30) for crypto companies, mandating they meet capital and stress testing requirements as well as market integrity rules governing...
Watch more: The Digital Shift With Plasma’s Zaheer Ebtikar Start with the part nobody in the payments industry wants to hear. Stablecoins probably won’t win at payments. Hundreds of billions of dollars in stablecoins circulate globally, and consumer payment adoption in developed markets is still...
Ethereum, the second-largest blockchain by market capitalization, fell roughly 25% in June amid a corporate restructuring. The correction stands out less for its size than for the institutional stablecoin economy now built on top of the network. Ethereum announced a organizational restructuring, including a 20%...
Ripple wants to add a lending layer to its XRP Ledger blockchain, CoinDesk reported Monday (June 29). The move is a bid by the blockchain company to allow institutions to borrow against on-chain assets instead of simply issuing and moving them, according to the report....
BNY’s institutional clients can now hold USDC stablecoins in digital asset custody wallets at the bank and instruct the stablecoin’s issuer, Circle Internet Group, through BNY, to convert U.S. dollars into USDC and to redeem USDC for U.S. dollars. These new stablecoin enablement capabilities for...
The White House reportedly wants to speak with law enforcement organizations on their objection to new cryptocurrency legislation. That’s according to a report Monday (June 29) from CoinDesk, citing a source briefed on the plan, which is aimed to address opposition related to the bill’s...
FundBank, an institutional banking provider for the asset management space, rebranded to IRACE Digital. The rebrand comes as the company shifts its focus to the digital asset space, according to a Monday (June 29) press release. With the shift also comes IRACE’s partnership with Tenet...
Payments companies Geoswift and SKUx are teaming to launch a programmable stablecoin commerce network. The collaboration is designed to bridge “digital assets, traditional finance, and real-world commerce at a global scale,” the companies said in a news release provided to PYMNTS Monday (June 29). “While...
Bitcoin’s largest corporate buyer, bitcoin treasury company Strategy, saw a valuation metric drop below a key threshold Friday (June 26), Bloomberg reported Friday. The ratio of the company’s enterprise value to its bitcoin holdings, or mNAV, fell below parity, meaning that its financing advantage is...