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Huobi And Solaris Offer EU Crypto-To-Fiat Debit Cards
Huobi, a cryptocurrency exchange, launched a crypto-to-fiat debit card cooperation with Solaris, a European financial services company. Huobi users may utilize their digital assets internationally at the point of sale through Visa's program. In the second quarter of 2023, European Economic Area (EEA) users will get the card.
Defiance ETFs' NFT-Linked ETF Soon to Launch in the U.S.
Defiance ETFs' Defiance Digital Revolution ETF (ticker NFTZ) is launching on Thursday and will track blockchain-related firms and the NFT index.
Moneygram Partners with Stellar Blockchain Network to Enable Instant Crypto-To-Fiat Settlements Using USDC Stablecoin
MoneyGram has partnered with Stellar Development Foundation to enable customers to make settlements in different fiat currencies including cryptocurrencies using USDC stablecoin.
Is Cryptocurrency the Answer? Egypt’s Central Bank Limits Daily Cash Withdrawals Amid Coronavirus Crisis
Egypt is facing a severe cash crunch as the country is feeling the economic pressure of the coronavirus outbreak. The central bank of Egypt has instructed local banks to begin restricting daily withdrawals and has instructed citizens not to withdraw so much money.
Kucoin Global Users Can Now Purchase Crypto With Debit/Credit Cards
KuCoin exchange has launched the KuCoin Fiat Account, an avenue by which its customers around the world can fund their accounts using either a Visa or Mastercard debit or credit card.
Will Bitcoin Ever Get Widespread Adoption in the iGaming Industry?
Bitcoin is now over a decade old, although it has only been known and talked about among the general public for the last few years. During the Bitcoin boom of late 2017, we saw endless reports of the ever-growing value of the token and much speculation of how it would continue to rise to tremendously as time goes on.
Web3 users can now register .eth domains with fiat options
ENS has launched a fiat on-ramp for .eth domain registrations through MoonPay, allowing Web3 users to pay with fiat options such as Apple Pay and Google Pay instead of only Ether. ENS has also upgraded its platform to streamline sign-ups and expand its usability for hosting censorship-resistant websites.
US Senate Introduces DEFIANCE Act to Combat AI-Generated Nonconsensual Deepfakes
The US Senate has proposed the DEFIANCE Act in response to the increasing spread of AI-created, nonconsensual explicit imagery, exemplified by recent deepfake incidents involving Taylor Swift. This bill aims to provide legal recourse for victims and criminalize the production and distribution of such content.
Trust Wallet Partners with Ramp and MoonPay for Crypto-to-Fiat Withdrawals
Trust Wallet has partnered with Ramp and MoonPay to offer seamless crypto-to-fiat withdrawals for its users. The feature allows Trust Wallet users to convert crypto to fiat directly within the app, eliminating the need for transferring funds to a centralized wallet. This development comes at a time when centralized exchanges and P2P platforms are shutting down.
What is CBDC?
CBDC stands for Central Bank Digital Currency, and represents the digital form of a nation’s fiat money (currency backed by trust or faith in the regulating government).
Binance CEO Highlights Disproportionate Narrative on Illicit Activities in Crypto versus Fiat Currencies
Dr. Andrzej Gwizdalski and Binance CEO Richard Teng's analysis reveals traditional fiat currencies are involved in more illicit activities ($3.2 trillion annually) than cryptocurrencies ($20 billion), prompting a rethinking of the narrative.
Binance.US Struggles to Find Banking Partner in the U.S.
Binance.US is facing challenges in finding a bank partner to serve as a fiat on-ramp and off-ramp for its clients in the United States, following the recent failures of Silvergate and Signature Bank. The regulatory crackdown on banks with crypto clients is another factor contributing to the exchange's struggles.
Banxa's Partners with AAX to Allow Purchase of Crypto with Fiat and Vice Versa
On-and-off ramp Web3 solution Banxa's new partnership with cryptocurrency exchange AAX now allows customers to purchase crypto with fiat and vice versa.
Twitter Bitcoin Hack Demonstrates That Crypto Fraud is Easier to Track Than Fiat
Cryptocurrency regulation was the hot topic during an ongoing panel hosted by the Association of Certified Financial Crime Specialists.
Australia Surpasses Asia in Crypto ATM Installations
Australia has surpassed Asia in the total number of crypto ATMs installed, with 364 machines as of January 2023. The country has consistently added Bitcoin ATMs over the last eight months and is on a crypto ATM installation spree. Internal documents from Australia’s Department of the Treasury suggest that crypto legislation is on the horizon.
Coin Cloud Customer Data and Source Code Allegedly Stolen
Coin Cloud, a cryptocurrency ATM provider, has suffered a data breach involving 70,000 customer selfies and 300,000 PII stolen, highlighting the need for improved security measures in the cryptocurrency sector.
Tether CTO Asserts $XAUT as the Digital Resurgence of the Gold Standard
Paolo Ardoino, Tether's CTO, recently discussed the role of Tether Gold ($XAUT), Bitcoin, and gold in the evolving economic landscape.
Billionaire Ray Dalio believes that fiat is in jeopardy
A Bitcoin admirer said the billionaire is close to "really understanding Bitcoin."
Stablecoin
What is stablecoin? In terms of what we measure the "stability". Understand stablecoin in different features. Central Bank Digital Currency (CBDC)
TrueUSD Partners with Alchemy Pay to Facilitate Direct Crypto Purchases in 173 Countries
Alchemy Pay partners with TrueUSD to enable direct crypto purchases via fiat in 173 countries, enhancing accessibility and transparency in the crypto industry.
Gemini Co-Founder Winklevoss Thinks BTC Is Set For Its Next Bull Run, With the Fed's Money Printing
Co-founder and CEO of Gemini crypto exchange Tyler Winklevoss thinks that the US Federal Reserve’s economic stimulus strategy would positively impact Bitcoin and its pricing on the crypto market.
$1 Billion in Bitcoin Moved, Making It the Largest Dollar Value Crypto Transaction in History
On-chain crypto data analytics recently picked up a Bitcoin transaction worth more than $1 billion.
Stripe Is Integrated By Solana Market Maker For Fiat-To-Crypto Transfers
The Solana-based automated market maker Orca has opened up fiat purchases and fiat-to-crypto transactions through a new integration with Stripe. Users can now purchase the blockchain's standard native SPL tokens, including USD Coin and SOL, with fiat currencies. This comes as the entire crypto industry picks itself up after the collapse of the former powerhouse crypto exchange FTX.
Bank of America Considers Bitcoin and Crypto Transactions to be Equivalent to Cash
Bank of America is considering Bitcoin, Ethereum, and other altcoins to be cash equivalent, and will treat crypto-related transactions as cash advances. Adjustments to the fees in that category of transactions will also be made.
Brazilian Banking Federation President Claims Crypto Cannot Replace Fiat Money
The President of Brazilian Banking Federation has argued that cryptocurrencies do not meet the basic criteria of real currencies.
Blockchain-Powered Satellite Contributes to Ethereum Scaling
Cryptosat, a blockchain-powered satellite orbiting Earth, has contributed entropy to the Ethereum KZG ceremony from space. The satellite's Verifiable Random Beacon service generated the entropy, which was signed by the satellite itself and can be verified using the public key of Crypto2. This contribution will strengthen the security of the next version of Ethereum, which is scheduled for an upgrade on April 12.
Reddit $MOON Tokens Can Now Be Sold For Fiat
This weekend, a Reddit user posted instructions on how to withdraw $MOON tokens and turn them into cash.
Canada, Netherlands, Ukraine Central Banks Say Blockchain Not Necessary for CBDC
In a conference hosted by National Bank of Ukraine, some central banks recently suggested that blockchain is unnecessary for digital fiat currency
Fiat Money
What is fiat money; the history of fiat money and its influence on monetary policy and the global economy.
‘Rich Dad, Poor Dad’ Author Kiyosaki Praises Bitcoin, and Says “Bitcoin is In, Real Estate & Gold are Out”
In a talk radio segment, New York Bestseller Robert Kiyosaki and crypto investor Anthony Pompliano discussed the growth of Bitcoin (BTC) and the major role the cryptocurrency will play in the future.
Former Canadian Prime Minister Sees Bitcoin As A Potential Future Reserve Currency
Stephen Harper, the former prime minister of Canada, has named Bitcoin as a possible reserve currency in the future.
Impending Central Bank Digital Currency: Data Shows Not All Central Banks Support the Move
The paradox of the situation is that banks with the capacity to push the world into the digital currency era are actually not showing much interest towards adoption; with the reason for their reluctance remaining a question with no answer.
Ugandan FIA Urges Central Government To Regulate Cryptocurrencies
Uganda's FIA urges the central government for comprehensive regulation of the digital currency industry nationwide.
Binance Updates Fiat Liquidity Provider Program to Include MXN and CZK Markets
Binance, one of the leading cryptocurrency exchanges, has announced updates to its Fiat Liquidity Provider Program. The program will now include the addition of MXN and CZK markets, providing more options for liquidity providers. The update will take effect on April 10, 2024.
Bridge the gap between traditional finance and DeFi
User location was shown to affect transaction authorisation, with Europe having the best success rates.
Singapore High Court Upholds DeFiance Capital's Claim Against Three Arrows Capital
Singapore's High Court upheld DeFiance Capital founder Arthur Cheong's trust relationship over assets disputed in bankruptcy proceedings, establishing investors' rights in cryptocurrency assets and trust law.
European Central Bank Assesses Potential Digital Euro CBDC Issuance
The European Central Bank (ECB) evaluated whether a digital euro would be a beneficial addition to its financial system through an October report.
Binance Revamps Fiat Liquidity Provider Program with New Eligibility Criteria and Incentives
Binance has updated its Fiat Liquidity Provider Program, focusing on specific fiat markets and a revised performance review mechanism. Starting September 25th, 2023, the program will be restricted to these markets and will offer maker fee rebates based on past trading activity. Eligible markets include TRY and EUR, BRL, GBP, RUB, ZAR, PLN, NGN, UAH, RON, and ARS. Participants must have a 30-day trading volume exceeding 20,000,000 USDT and demonstrate competent liquidity strategies.
DeFiance Capital Seeking $100M in Funding to Invest in Liquid Tokens
Crypto Venture Capital firm, DeFiance Capital is in the process of raising as much as $100 million as it looks to invest in “Liquid Tokens.”
Top Four South Korean Banks Announce Plans to Provide Cryptocurrency Custodial Services
Two of South Korea’s top banks have recently announced that they were looking into providing cryptocurrency custodial services to their clients.
Pakistani Judge Challenges Federal Authorities Over Cryptocurrency Ban
Justice Muhammad Iqbal Kalhoro of the Sindh High Court (SHC) has challenged the State Bank of Pakistan's ban on cryptocurrencies in 2018.