The two companies are partnering on new stablecoin initiatives centered on USDC Circle and Binance have announced a strategic partnership aimed at expanding the global adoption and utility of stablecoins. This collaboration was unveiled during Abu Dhabi Finance Week and emphasizes the growing role of stablecoins like USD Coin (USDC) in modern financial systems. We
Category: Crypto
Bitcoin ASIC Maker Bitmain To Expand US-based Production
Tensions between China and the US may have the company eyeing major changes Bitmain, a leading manufacturer of Bitcoin mining equipment, has announced plans to expand its production capabilities to the US. This move comes as trade tensions between the US and China escalate, prompting companies to seek solutions to ensure supply chain stability and
Former Head Of The Russia-based Crypto Exchange WEX Facing Extradition To The US
Polish authorities have arrested the former executive at the request of the US Polish authorities have detained Dmitry V., the former leader of Russia-based cryptocurrency exchange WEX, in Warsaw following a US extradition request. Dmitry V., whose full identity remains undisclosed due to local laws, is accused of involvement in fraud and money laundering linked
President-elect Trump Names New Crypto Adviser In Apparent Support Of Cryptocurrency
POTUS continues to add crypto-friendly advisers and leaders to his ranks President-elect Donald Trump has tapped David Sacks, a former PayPal executive and venture capitalist, as his lead policy adviser for artificial intelligence and cryptocurrency. Announced via Truth Social today, Sacks will take on the role of “White House A.I. & Crypto Czar,” with responsibilities
Inbound SEC Chair Reportedly Supportive Of Cryptocurrency
Paul Atkins could replace Gary Gensler as chairman of the Securities and Exchange Commission President-elect Donald Trump has nominated Paul Atkins, a known advocate for cryptocurrency, to replace Gary Gensler as the next chair of the US Securities and Exchange Commission (SEC). This is one of the first major moves Trump has made regarding crypto
Virgin Voyages’ New Annual Pass Program To Accept Crypto Payments
The company claims to be the first cruise line to accept crypto for its operations Virgin Voyages has unveiled its latest innovation in the cruise industry: an Annual Pass program launching in 2025, which will allow customers to pay using cryptocurrency. This makes Virgin Voyages the first cruise line to integrate Bitcoin payments into its
Coinbase Adds Apple Pay to All Onramp Apps
The move will make it even easier for crypto fans to use their funds Coinbase has announced the integration of Apple Pay into its Onramp app services, marking a significant step in simplifying cryptocurrency transactions for users. Starting yesterday, apps utilizing Coinbase’s Onramp services will allow users to log in and make payments directly via
NYDFS Will Reportedly Approve a Ripple Labs Stablecoin
The New York financial regulator is rumored to be accepting of the RLUSD stablecoin The New York Department of Financial Services (NYDFS) is reportedly set to approve Ripple Labs’ RLUSD stablecoin, an overcollateralized dollar-pegged digital currency. Sources suggest the green light from the regulator could come in the first days of December, potentially paving the
Microsoft Claims Quantum Computing Breakthrough That Will Boost Crypto Mining
The tech giant teamed up with Atom Computing to create the next level of computing Microsoft and Atom Computing have announced a breakthrough in quantum computing that could reshape blockchain mining, particularly in proof-of-work systems. The collaboration has resulted in the development of a quantum computing system with 24 entangled logical qubits, achieved using just
Crypto Exchange XT.com Hacked for $1.7 Million, Suspends Withdrawals
The hack forced the exchange to halt withdrawals as it investigates the situation Cryptocurrency exchange XT.com has halted all withdrawals following a suspected hack that resulted in the theft of $1.7 million in digital assets. The platform, which reports daily trading volumes of approximately $3.4 billion, initially cited “wallet upgrade and maintenance” as the reason
President-Elect Trump Could Move Crypto Oversight to the CFTC
The move would give the SEC less power to manipulate cryptocurrency initiatives President-elect Donald Trump’s administration is reportedly considering shifting the oversight of cryptocurrency exchanges and spot markets for digital assets classified as commodities to the Commodity Futures Trading Commission (CFTC). This potential regulatory change could mark a significant departure from the current approach led
Ripple, Archax Launch the First Tokenized Money Market Fund on XRP Ledger
The initiative marks another milestone for Ripple as a financial solution Ripple has introduced a groundbreaking development in the blockchain and financial sectors by launching the first tokenized money market fund on the XRP Ledger. This initiative features asset manager Abrdn’s $4.77 billion US Dollar Liquidity Fund, marking a significant step in bringing real-world assets