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News
MoneyGram Launches USDC-Backed Visa Card in Colombia
21+ hour, 45+ min ago (639+ words) MoneyGram has launched a USDC-backed Visa card in Colombia, allowing eligible customers to hold a stable-dollar balance, make purchases and send funds to themselves for local-currency collection at MoneyGram locations. The card is available digitally through the MoneyGram app and…...
Germany’s Finance Ministry Drafts Bill To End Tax-Free Bitcoin Holding Period
2+ day, 20+ hour ago (713+ words) Germany’s Federal Ministry of Finance is preparing a draft bill that would end the tax exemption letting private investors sell Bitcoin and other cryptocurrencies tax-free after holding them for more than a year. The bill, led by Vice Chancellor Lars…...
Trader Buys LAPTOP at $5.97, Position Falls 87% as Token Crashes
2+ day, 23+ hour ago (529+ words) A crypto trader spent about $170,000 buying Hunter Biden’s LAPTOP memecoin after its initial collapse, only for the position to fall another 87%. On-chain tracker Lookonchain said the wallet bought 28,448.72 LAPTOP at an average $5.97, with the holding later valued near $21,000. Lookonchain flagged…...
Robinhood CEO Vlad Tenev Defends Stock Tokens After AMC Criticism
2+ day, 22+ hour ago (509+ words) Robinhood CEO Vlad Tenev has defended the company’s Stock Tokens after AMC Entertainment CEO Adam Aron challenged the products and called for trading in AMC-linked tokens to stop. Tenev said companies should control the shares they issue but should not…...
Circle Agrees To Buy Tazapay For $400 Million In Stock
4+ day, 2+ hour ago (781+ words) Circle agreed to acquire Singapore-based cross-border payments company Tazapay for $400 million in stock, according to a regulatory filing. The deal is Circle’s most expensive acquisition since it bought crypto exchange Poloniex in 2018 and gives the USDC issuer regulated payment infrastructure…...
Citi, DBS Complete Weekend US-Singapore Payment in Minutes
5+ day, 1+ hour ago (285+ words) DBS and Citi have completed the first weekend cross-border US dollar payment between Singapore and the United States using tokenized deposits on Swift’s Digital Ledger. The live transaction was executed on September 5 between DBS in Singapore and Citi’s New York…...
Bank Of Korea Study Links Stablecoin Buying To Currency Depreciation
6+ day, 1+ hour ago (941+ words) A Bank of Korea study finds that demand for dollar-backed stablecoins can push national currencies lower once global exchanges let investors buy the tokens directly with local fiat. Researchers Jihyun Kim and Sangheum Cho examined what happened after Binance introduced…...
Hyperscale Data Halts Michigan Bitcoin Mining for AI Contract With $1.2B Long-Term Potential
1+ week, 1+ day ago (459+ words) Hyperscale Data has shut down all Bitcoin mining at its Michigan data center to prepare the site for an artificial intelligence customer. Hyperscale Data estimates the existing 20-megawatt contract could generate more than $1.2 billion if the customer exercises both five-year…...
Standard Chartered Is First Major Global Bank to Offer UAE Spot Crypto Trading
1+ week, 2+ day ago (574+ words) Standard Chartered has begun offering institutional Bitcoin and Ether spot trading in the United Arab Emirates through its Dubai International Financial Centre branch, becoming the first Global Systemically Important Bank to provide the service in the country. The bank said…...
Bitcoin Climbs Above $81,000 as Traders Cut Bets on a September Rate Increase
1+ week, 2+ day ago (595+ words) Bitcoin traded above $81,000 during Asian morning hours on Friday, up about 4% over 24 hours, after traders sharply lowered the odds of a Federal Reserve interest rate increase this month. The shift in rate expectations pulled bond yields lower and sent buyers…...