Facebook Stablecoin Dips into Visa, Mastercard, Paypal and Uber Pockets

Facebook’s stablecoin project dubbed Libra has reportedly gained the support of some big players in the payment gateway industry to include Visa, Mastercard, PayPal Holdings as well as Uber Technologies, among a dozen other companies, who will each invest at least a sum of USD 10 million, reports the Wall Street Journal. The Libra project […]

Crypto Exchanges Hold Breath as FATF Closes In on Recommended Policy Standards

As the battle for acceptance into mainstream economics rage on, the cryptocurrency ecosystem continues to face daunting regulatory challenges. And as far as financial regulatory policies go, one perceived to likely have a far-reaching effect on the development of the cryptocurrency industry may soon set in, as the 21 June deadline approaches for the implementation […]

Binance Tests GBP-Backed Stablecoin on its DEX

Barely a month after Binance CEO, Changpeng Zhao (CZ) hinted on the possible launch of a stablecoin, the cryptocurrency exchange behemoth is now testing a GBP-backed stablecoin asset on its Binance Chain. The development was made public by a Twitter user CryptosBatman yesterday, who highlighted the speed at which the exchange was moving in order […]

Wallet Provider Blockchain Now Supports PAX Stablecoin

One of the oldest cryptocurrency wallet provider Blockchain recently announced the support for PAX stablecoin in a bid to allow its users to obtain true dollar balance in their wallets. According to news outlet CoinDesk, general manager of Blockchain’s wallet product, Xen Baynham-Herd implied that the move is part of a larger plan to enable […]

Switzerland’s Stock Exchange SIX to Develop Swiss Franc-backed Stablecoin

Switzerland’s stock exchange SIX is reportedly developing a stablecoin pegged to the Swiss franc, according to an email shared with CoinDesk. Although not much information has been provided on the development or the nature of the stablecoin, however, citing a spokesperson for SIX who confirmed the development, the outlet quoted: “Yes, we are currently working […]

Japan Regulator to Inspect Crypto Exchanges for AML Policies Ahead of FATF Inspection

The financial services agency (FSA) is reportedly stepping up its anti-money laundering campaign against non-compliant cryptocurrency exchanges, reports Nikkei Asian Review. According to the report, “Japan’s anti-money laundering regime is expected to undergo an inspection by an intergovernmental body [financial action task force (FATF)] this fall, and the FSA is eager for a good review”. […]

Grayscale CEO: Bitcoin’s Price Uptrend Likely Due to US-China Trade War

In the past few months – for the most part of 2019, Bitcoin has been bucking the trend, attracting onlookers from the traditional investment circles, and while the reason behind the sudden increase in Bitcoin’s price may have been unclear, critics have engaged numerous sound reasoning wavering from strong fundamentals to typical bullish technical trends […]

Venezuelans Receive Free Crypto in Charity Relief Program

Venezuelans Receive Free Crypto in Charity Relief Program

A social health worker through a crypto program dubbed GiveCrypto has come to the aid of families in Venezuela anguishing in the economic rot of the country caused by hyperinflation cascaded from political decadence. One such Venezuelan, Andreina Cordero from Barquisimeto, said: “We finally got to eat chicken. And there were also vegetables for the […]

Binance Research, Stablecoins Show Potential to Grow Crypto Industry

Binance cryptocurrency exchange recently released a report carried out by its marketing research and analysis wing Binance Research, noting an increase in the activities of stablecoins as well as the potential for less risk-averse mainstream companies such as Facebook and Samsung to further the course of cryptocurrency adoption. According to the report, USD-backed stablecoins continue […]

Survey: Crypto Awareness, Use Doubles Since 2018, Adoption Lags

According to a recent report, 12% of cryptocurrency holders are long-term investors, and while awareness may have doubled from the 2018 count, adoption lags. The survey conducted by HBUS, the US partners of Huobi cryptocurrency exchange, sampled 1,067 American cryptocurrency investors between the period of March and April, revealing a swooping rise in cryptocurrency investments […]