(source: en.wikipedia.org)
The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) provided greater clarity about their respective rules around crypto assets. The SEC issued an interpretation that clarifies how federal securities laws apply to certain crypto assets and transactions involving crypto assets, it...
PayPal said it has expanded the availability of its dollar-backed stablecoin PayPal USD (PYUSD) and now offers it in 70 markets worldwide. PYUSD is available to users in their PayPal accounts across multiple regions, including Asia-Pacific, Europe, Latin America and North America, the company said...
Citigroup has reportedly reduced its 12-month forecast for bitcoin and ethereum. The downgrade is due in part to slow progress on cryptocurrency legislation in the U.S., Reuters reported Tuesday (March. 17). Movement on the crypto market structure legislation known as the Clarity Act has stalled in the Senate amid disagreement...
Cryptocurrency platform BlockFills says it is seeking bankruptcy protection after suspending client accounts last month. “After extensive discussions with investors, clients, creditors, and other stakeholders, BlockFills has determined that a voluntary chapter 11 filing is the most responsible path forward in order to preserve the value of...
Cryptocurrency traders have reportedly made five-minute bets a big business for prediction market platform Polymarket. As Bloomberg News reported Sunday (March 15), users can now bet on where the price of bitcoin will be within five or 15 minutes. In a little more than a...
The blockchain technology underpinning cryptocurrency is increasingly becoming divorced from the volatility and speculation of crypto markets themselves. In turn, it’s finding a new role as financial infrastructure. The latest sign of that shift came from Mastercard Wednesday (March 11) with the announcement of a...
Mastercard has launched an initiative aimed at exploring the future of cryptocurrency payments. The company’s Crypto Partner Program, announced Wednesday (March 11), brings together 85 different digital asset and payments companies, including high-profile players like Binance, Circle, Gemini, PayPal and Ripple. According to the announcement, the program is designed to address digital assets’...
Stablecoins have struggled to gain traction in everyday corporate finance. The obstacle is not the technology itself. It is the way most companies are built to move money. Trying to fit digital asset on- and off-ramps into a corporate payment system that operates on traditional...
The question of who is allowed to connect directly to the core settlement systems that move money across the United States has historically been a straightforward one, and it came with just one answer. Regulated banks. But the March 4 news that Federal Reserve...