April 08, 2024
Swiss National Bank Chairman Says Retail CBDC Too Risky
Swiss National Bank (SNB) Chairman Thomas Jordan said Monday (April 8) that the risks of a central bank digital currency (CBDC) issued to the general public would outweigh any potential benefits. Speaking at...
April 08, 2024
Kyriba and JPMorgan’s Onyx Collaborate on Blockchain-Based X-Border Payments
Kyriba and J.P. Morgan’s blockchain business unit, Onyx, are collaborating to streamline cross-border payments. Kyriba, a provider of liquidity performance solutions, will use Onyx’s digital currency and blockchain technology for cross-border payments, the...
April 05, 2024
Terraform Labs and Co-Founder Do Kwon Convicted of Defrauding Investors
A jury in a U.S. District Court has found Terraform Labs and its co-founder, Do Kwon, liable for defrauding investors in crypto asset securities. The court found earlier that the company and Kwon...
April 04, 2024
Ripple Will Launch Dollar-Pegged Stablecoin
Blockchain/cryptocurrency company Ripple plans to launch a dollar-pegged stablecoin. The coin will be backed 100% by U.S. dollar deposits, short-term U.S. government treasuries, and other cash equivalents, according to a Thursday (April...
April 04, 2024
Xoom Users Can Now Make Transfers With PayPal Stablecoins
Cross-border money transfer service Xoom now lets users make transactions with PayPal’s USD stablecoin. Xoom, owned by PayPal, said in a Thursday (April 4) press release that the new funding option lets users in the...
April 04, 2024
Singapore Licenses Crypto Platform GSR Markets
Regulators in Singapore have given a license to cryptocurrency market maker GSR Markets. As Bloomberg News noted in a report late Wednesday (April 3), the move is a rare one for the digital...
April 03, 2024
Report: Galaxy Digital Recruiting Investors for $100 Million Crypto Fund
Galaxy Digital Holdings is reportedly talking with outside investors to assemble a $100 million fund to invest in early-stage crypto companies. The planned Galaxy Ventures Fund I will focus on financial...
April 03, 2024
Central Banks and BIS Test Tokenization to Speed Cross-Border Payments
Tokenization is gaining momentum on the global stage, and with commercial applications. The Bank for International Settlements announced Wednesday (April 3) that it is working in tandem with seven central banks —...
April 03, 2024
Messaging Platform Telegram Pivots to Crypto Payments for Ads
Throughout nearly their entire history, cryptocurrencies have represented the archetypal innovation in search of a problem. And while they’ve succeeded as an unregulated store of value, as well as a tool for scammers,...
