Tag Archives: cryptocurrency

Avalanche Card allows users to spend USDC, USDT, wAVAX, and AVAX anywhere in the globe without having to convert them. The Visa-backed card simplifies crypto payments for in-person and online shopping. Avalanche Foundation and Rain launched the Avalanche Card, a digital and physical Visa-accepted payment card that allows users to spend cryptocurrency for payments wherever Visa can be accepted. This is an important step towards the mass adoption of digital assets. It removes the need for...

KuCoin EU has applied for a MiCAR license in Austria to expand in Europe. The Vienna-based hub will oversee compliance and innovation for digital assets. Top international cryptocurrency exchange KuCoin has revealed that its subsidiary, KuCoin EU Exchange GmbH, has applied for a MiCAR license in Austria. This is a key step in KuCoin’s effort to expand its regulatory presence and provide compliant digital asset services within the EU and EEA. After securing authorization, KuCoin EU will...

Transak secures MTLs in Illinois and Missouri, expanding US crypto transaction possibilities. The move improves compliance, accelerates transactions, and promotes financial access in important markets. Transak, the top payments infrastructure solutions firm for Web3, has advanced its United States regulatory footprint with the acquisition of Money Transmitter Licenses (MTLs) in the states of Illinois and Missouri. The newly achieved MTLs allow the company to receive direct cryptocurrency...

Riot’s $500 million sale aims to increase its Bitcoin holdings. The use of convertible debt to buy Bitcoin is becoming more prevalent in company planning. Major Bitcoin infrastructure company Riot Platforms made an announcement today on its offering of $500 million convertible senior notes. The deal is available to accredited institutional investors, with an add-on purchase option of up to $75 million in three days from the primary transaction. The company would utilize the proceeds for...

NCPPR suggests that Amazon dedicate 5% of its assets to Bitcoin to tackle inflation. Bitcoin’s superior performance offers a strategic opportunity for long-term value growth. The National Center for Public Policy Research has proposed that Amazon invest 5% of its total $585 billion assets in Bitcoin as a way to diversify its financial reserve. Submitted for consideration at the 2025 annual shareholders’ meeting, this proposal is proof of what Bitcoin can offer to stop inflation and enhance...

Nexo’s new onboarding process follows FCA requirements, improving user risk awareness. The platform’s 10-month halt allowed for a full modify to meet UK regulatory standards. Nexo, a centralized cryptocurrency lender, has restarted client registrations in the United Kingdom after a 10-month halt. The delay was first triggered in December 2023 owing to changes in regulatory requirements. Nexo has now improved its operations to satisfy Financial Conduct Authority (FCA) compliance standards,...

India has no immediate plans to regulate cryptocurrency sales and purchases The government is assessing crypto risks and benefits, aiming for a policy by September 2024. The Ministry of Finance states that India does not currently have any plans to regulate Cryptocurrency transactions. GM Harish Balayogi, a member of the Lok Sabha, asked questions concerning the country’s laws governing virtual digital assets (VDAs). Pankaj Chaudhary, the Minister of State for Finance, responded in writing...

Litecoin is a cryptocurrency that enables instant payments to anyone in the world and that can be efficiently mined with consumer-grade hardware. Litecoin, often referred to as the silver to Bitcoin’s gold, has established itself as a significant player in the cryptocurrency world. Its most notable features include the speed and cost-effectiveness of its transactions, which make it an appealing choice for users and businesses alike. One of the primary reasons for Litecoin’s...

Weidong Guan, who also goes by Bill Guan, was charged by the Department of Justice (DoJ) for participating in a scheme that laundered $67 million in illicitly obtained funds. The scheme depended on cryptocurrency and prepaid debit cards to funnel funds into Epoch Times’ bank accounts as well as Guan’s personal bank and crypto accounts. The Epoch Times is a global media platform catering to conservative audiences and is often known for bashing the Chinese government. However, the media outlet...

New stablecoins VCHF and VEUR now on Bitstamp New stablecoins VCHF and VEUR now on Bitstamp: Say Hello to VCHF and VEUR!The popular Bitcoin exchange informs its customers. We’re continuously adapting and growing our offerings to meet the diverse needs of our customers. We’re excited to announce the addition of two new stablecoins: VCHF and VEUR, both issued on Stellar network. This choice reflects our commitment to providing stability and...