Crypto news

Circle, a stablecoin issuer, has introduced the USDC stablecoin into the Polkadot ecosystem of parachains. This move signifies a significant extension of the accessibility of this dollar-backed stablecoin across different blockchain networks. As detailed on Circle’s official website, developers and users can now readily access Polkadot USDC. That means the stablecoin can be seamlessly transmitted to parachains within Polkadot by leveraging the XCM protocol through Circle...

GMO Coin – a cryptocurrency exchange operating under the umbrella of the Japanese IT behemoth GMO Internet Group – will distribute Songbird (SGB) tokens to eligible XRP users. The airdrop is scheduled to reach customers by September 29, 2023. Benefiting XRP Owners The Japanese organization explained that the offering will reach those clients who have held amounts of Ripple’s native token in GMO Coin accounts after December 12, 2020. “Customers using crypto asset lending...

The Federal Reserve announced no change to its policy interest rate following its Federal Open Markets Committee (FOMC) meeting on Wednesday. Likewise, Bitcoin’s price showed little change after the announcement, down just 0.17% on the day. Per the Fed’s announcement, the central bank “decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent.” The statement noted that while job gains have slowed, they remain elevated. Unemployment is also...

David Hirsch, the head of the SEC’s Crypto Assets And Cyber Unit, recently promised further enforcement actions against crypto platforms deemed to be non-compliant with the agency’s demands. The announcement was made at the SEC’s yearly Securities Enforcement Forum Central event, which took place at the Four Seasons hotel in Chicago this year and was streamed online for those who could not attend. DeFi Is Not A Workaround, Says Hirsch During the event, which hosted speakers...

The South American country of Paraguay is allegedly paving the way for crypto adoption like El Salvador, its neighbor to the far north, has. Paraguay Has Caught the Bitcoin Fever The news came by way of congressman and the National Deputy of Paraguay Carlitos Rejala, who said on Twitter that Paraguay needs to do all it can to embrace crypto adoption and utilize it as legal tender like El Salvador. He then attached a picture of himself with laser eyes, the ultimate...

Singapore Red Cross, a humanitarian aid organization, has agreed to accept donations in crypto. At this time, all those looking to give money to the Red Cross can do so through their bitcoin, ether, Tether, and USD Coin accounts. Red Cross Agrees to Crypto Donations The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on either...

Walmart has broadened the shopping experience for its customers in the metaverse as it merges purchases in the physical and virtual worlds. American multinational retail corporation Walmart Inc (NYSE: WMT) plans to expand its metaverse strategy by allowing its customers to buy physical versions of items available for virtual home purchases. Users can now purchase the items for their physical homes as they would for their virtual homes in House Flip, a game where players can renovate and...

The lawmakers explained that companies that fail to comply with the Online Safety Bill could face penalties of up to £18 million ($22.3 million) or 10% of their annual global turnover, providing a strong incentive for adherence to these safety standards. The UK’s Parliament has approved the long-awaited Online Safety Bill, marking a significant milestone in making the internet safer for everyone, especially children. The legislation, which has evolved significantly over the years, is set...

Blockchain is arguably becoming one of the most innovative and important technological trends in the world. More Companies Are Looking to Fill Blockchain Roles A new survey conducted by Heindrick and Struggles shows blockchain positions with Fortune 500 companies and related businesses are becoming much more common. Jeff Smith – a board member for ANZ and Sonrai Security – recently commented in an interview that there are several security issues companies are...

The price of Bitcoin is still above $27k as investors and stakeholders await monetary policy announcements from regulators worldwide. The price of Bitcoin stayed above $27,000 on Wednesday as most of the largest cryptocurrencies remained barely changed for the most part. The crypto market is likely reacting to investors holding out for official monetary policy announcements from central banks around the world. Earlier, BTC was unable to scale its 50-day moving average as it met with stiff...