In a bold move into the burgeoning world of digital assets, global payment giant PayPal has announced the launch of PYUSD, its own U.S. dollar-backed stablecoin, according to an official press release. The PYUSD stablecoin is positioned as an essential building block in PayPal’s broader strategic push into the cryptocurrency sector. … [Read more...] about PayPal introduces PYUSD, its own US dollar-backed stablecoin
Tether announces soaring Q2 profits amid US treasuries exposure
Tether, a trailblazing stablecoin issuer, has recently reported an impressive profit of $850 million for the second quarter of the year. This announcement comes amid Tether's significant exposure to US Treasuries, with the company revealing a staggering $72 billion holding in these government bonds. … [Read more...] about Tether announces soaring Q2 profits amid US treasuries exposure
Crypto.com gains foothold in the Netherlands with regulatory nod
Crypto.com, a globally recognized cryptocurrency platform, has attained a significant milestone in its quest for global expansion. Recently, the company secured registration approval to offer its services in the Netherlands. … [Read more...] about Crypto.com gains foothold in the Netherlands with regulatory nod
RFK Jr. advocates for bitcoin-backed dollar and tax abolition
In a recent groundbreaking announcement, Robert F. Kennedy Jr. (RFK Jr.) has suggested a revolutionary approach to modern financial systems – the backing of the US dollar with Bitcoin. This unprecedented move, as reported by TheStreet, would not only give a new foundation to the world's most used currency but also align it with the digital age's most prominent cryptocurrency. … [Read more...] about RFK Jr. advocates for bitcoin-backed dollar and tax abolition
Indonesia set to debut national cryptocurrency exchange
In an unprecedented move towards embracing digital currencies, Indonesia is set to launch its very own cryptocurrency exchange later this month. This ambitious project is the nation's first state-backed digital currency exchange, marking a significant milestone in Indonesia's journey towards digital transformation. … [Read more...] about Indonesia set to debut national cryptocurrency exchange
US court rules XRP is not a security
In a landmark judgment that has sent ripples across the cryptocurrency world, a U.S. court has ruled that XRP, the digital token associated with Ripple Labs, is not a security. This determination concludes a lengthy lawsuit pursued by the U.S. Securities and Exchange Commission (SEC) against Ripple Labs. … [Read more...] about US court rules XRP is not a security
Bitcoin ETFs: potential game-changer amid muted market activity
Bitcoin exchange-traded funds (ETFs) have been seen as a mirage in the cryptocurrency world, with numerous applications denied or withdrawn due to regulatory concerns. However, recent events suggest a tide change could be on the horizon. … [Read more...] about Bitcoin ETFs: potential game-changer amid muted market activity
Twitter gets money transmitter license in three US states
The platform makes another move in Elon Musk’s strive to create an “everything app”. … [Read more...] about Twitter gets money transmitter license in three US states