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July 2022

Crypto Payments Are Acceptable in Foreign Trade, Russia’s Financial Watchdog Says

Crypto Payments Are Acceptable in Foreign Trade, Russia’s Financial Watchdog Says

Leave a Comment / Cryptocurrency, Regulation /

Russian financial watchdog Rosfinmonitoring is ready to accept the use of cryptocurrencies in international settlements, the head of the agency, Yuri Chikhanchin, has indicated. The statement adds to growing support for the legalization of international crypto payments in Russia amid financial restrictions imposed over its invasion of Ukraine. Top Financial Regulator in Russia Welcomes International […]

Crypto Payments Are Acceptable in Foreign Trade, Russia’s Financial Watchdog Says Read More »

South Korean Car Dealer Launches NFTs to Reduce Paperwork Costs

South Korean Car Dealer Launches NFTs to Reduce Paperwork Costs

Leave a Comment / Business, NFTs /

Han Sung Motor, a South Korean imported car dealer, has rolled out non-fungible tokens (NFTs) to offer customers a secure and convenient experience based on the option of checking car details using their smartphones. Therefore, the company sees the NFTs as a stepping stone toward minimizing paperwork costs. Ulf Ausprung, Han Sung Motor CEO, noted:

South Korean Car Dealer Launches NFTs to Reduce Paperwork Costs Read More »

Russia’s Finance Ministry Supports Circulation of Stablecoins in Country

Russia’s Finance Ministry Supports Circulation of Stablecoins in Country

Leave a Comment / Bitcoin News, Regulation /

The Russian Ministry of Finance is ready to back the legalization of transactions with stablecoins in Russia, according to a high-ranking representative. While the ministry recognizes that cryptocurrencies could lay the ground for a new financial system, the department is unsure if it will be better than the current one. Russia’s Minfin Open to Legalizing

Russia’s Finance Ministry Supports Circulation of Stablecoins in Country Read More »

142,000 BITCOIN COULD BE DUMPED AS CREDITORS EYE MT. GOX REPAYMENT

142,000 BITCOIN COULD BE DUMPED AS CREDITORS EYE MT. GOX REPAYMENT

Leave a Comment / Bitcoin News /

The Mt. Gox rehabilitation trustee asked creditors to choose between bitcoin, cash or Bitcoin Cash to receive repayment, risking pressuring the market further. Creditors could offload a total of nearly 142,000 bitcoin into an already stressed market. The rehabilitation trustee will restrict creditors in moving funds for a period. Over 700,000 BTC were drained in

142,000 BITCOIN COULD BE DUMPED AS CREDITORS EYE MT. GOX REPAYMENT Read More »

Binance Volume Surges After Zero Trading Fee Policy Goes Live

Binance Volume Surges After Zero Trading Fee Policy Goes Live

Leave a Comment / CeFi News /

As a result, CEO Changpeng Zhao said the exchange will make some changes “shortly” to “remove all incentives to wash trade.” Binance trading volume spiked after its global zero trading fee policy went live Friday morning. Zero trading fees worldwide for 13 crypto pairs at Binance – the world’s largest crypto exchange by volume – began Friday

Binance Volume Surges After Zero Trading Fee Policy Goes Live Read More »

Bitcoin heads toward best week since October as crypto collapse stabilizes

Bitcoin heads toward best week since October as crypto collapse stabilizes

Leave a Comment / Cryptocurrency /

The price of bitcoin got a small relief bounce this week as investors hoped that the worst of the crypto liquidity crisis is over. By Friday, bitcoin had risen 13.63% for the seven-day trading week beginning Sunday, and was on pace for its best week since October, according to Coin Metrics. The price rose as

Bitcoin heads toward best week since October as crypto collapse stabilizes Read More »

Banking Circle Adopts USDC as Currency on its Payment Rails

Banking Circle Adopts USDC as Currency on its Payment Rails

Leave a Comment / Stablecoins /

Banking Circle, an European Union (EU) regulated payments bank has announced that it has integrated the USD Coin (USDC) stablecoin into its payment rail. According to the startup, the integration of the stablecoin will help facilitate conversion from fiat currencies which is critical for Banks and Payment providers as the Web3.0 market evolves. Banking Circle

Banking Circle Adopts USDC as Currency on its Payment Rails Read More »

New Lawsuit Claims Solana Is Unregistered Security — ‘Investors Have Suffered Enormous Losses’

New Lawsuit Claims Solana Is Unregistered Security — ‘Investors Have Suffered Enormous Losses’

Leave a Comment / Top Alt Coin News /

A class-action lawsuit has been filed claiming that cryptocurrency solana (SOL) is an unregistered security under the Howey test. “The specific facts and circumstances relating to SOL securities support the conclusion that SOL is a security under the Howey test,” the plaintiff argued. Solana Is a Security, Lawsuit Claims A lawsuit, filed on July 1 in

New Lawsuit Claims Solana Is Unregistered Security — ‘Investors Have Suffered Enormous Losses’ Read More »

EU-regulated firm Banking Circle adopts USDC stablecoin

EU-regulated firm Banking Circle adopts USDC stablecoin

Leave a Comment / Cryptocurrency, Regulation /

Banking Circle was launched in 2016 with a mission to help payments businesses reach new global markets, avoiding the burdens of traditional banking. Banking Circle, a European bank focused on cross-border payments, is adopting a major U.S. dollar-pegged stablecoin for payment rails. The firm officially announced on Friday the adoption of the USD Coin (USDC) on its

EU-regulated firm Banking Circle adopts USDC stablecoin Read More »

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