Other jurisdictions like the European Union and even the U.K. have taken more stringent approaches to regulating stablecoins, particularly after one such cryptocurrency, terraUSD, rapidly lost parity with the U.S. dollar last year, leading to the collapse of not just the issuer but a string of other prominent players in the crypto world. Source
The new MoneyGram non-custodial wallet will provide a more flexible way for users to handle funds and make transactions cheaper. International peer-to-peer payments and money transfer giant MoneyGram International has announced its intention to launch a non-custodial wallet to bridge crypto and fiat. According to MoneyGram, users will be able to exchange funds between fiat currency and theย USDCย stablecoin. The MoneyGram wallet confirms the payment companyโs interest in crypto. According to CEO Alex Holmes, the new wallet is MoneyGramโs way of looking into using blockchain technology to help people move funds…
โThe launch of EURC on Stellar has the potential to radically enhance European remittance corridors, cross-border payments, treasury management and aid disbursement,โ Rachel Mayer, Circle’s vice president of product management, said in a statement. Source
Taiwan’s Financial Supervisory Commission (FSC) has introduced a set of stringent rules, effectively banning unregistered foreign cryptocurrency exchanges from operating within the country. This action occurs as part of Taiwan’s commitment to enhancing investor protection and promoting responsible practices within the crypto industry. The FSC has outlined key measures to regulate the cryptocurrency market within its borders. These guidelines, released on September 26, specifically target virtual asset service providers (VASPs) operating in Taiwan. The rules include industry-standard practices such as segregating the exchange’s treasury assets from customer assets and establishing…
Cryptocurrency exchange Kraken has received an Electronic Money Institution (EMI) from the Central Bank of Ireland and registration as a virtual asset service provider (VASP) from the Bank of Spain. According to the Sept. 26 announcement, the EMI license enables Kraken to expand euro-to-crypto trading services to 27 European Union (EU) member states and European Economic Area (EEA) countries. Meanwhile, the VASP registration in Spain allows Kraken to offer exchange and wallet custodial services to Spanish residents. The firm is also registered as a VASP in Italy and Ireland. Kraken’s…
CryptoX – Cryptocurrency Analysis and News Portal Each toy provides access to Pudgy World, a multiplayer digital social experience, which could help improve visibility and users of the Pudgy Penguin brand. Source The post NFT Brand Pudgy Penguins Debuts Toy Collection in 2,000 Walmart Stores appeared first on CryptoX. CryptoX Portal
There is a lot of evidence that when the user benefit is great enough, users are willing to jump through UX hurdles and learn new behaviors, in crypto and beyond. Examples include the first iPhone (which lacked a touch keyboard), the internet itself, and all crypto assets and applications that have had significant adoption to date (non-fungible tokens, or NFTs, during the last bull market being a primary example). For products that solve a core need, unfamiliar and complicated UX hasnโt been a blocker. Source
Coin Fam๐จ๐ญโ๏ธ In the last article we teased VESA being in Switzerland, and how the country is advancing leaps and bounds in the eyes of the international crypto community, but today we will give you the lowdown on what the Swiss Web3 Fest was all about and who are the people in the ecosystem behind it. In general, to preface why the following is important, itโs good to mention something. VESA has been working with a bunch of people, from big to small companies and beyond, and what is quite…
A U.S. Treasury press release states that Jimenez Castro “operates money laundering organization that uses virtual currency and wire transfers, among other methods, to transfer proceeds from illicit fentanyl sales in the United States to Sinaloa Cartel leaders in Mexico.” Source
On-chain data shows the largest of the Bitcoin whales have returned to distribution, a sign that could be bearish for the assetโs price. Bitcoin Investors With More Than 10,000 BTC Are Selling Again As explained by analyst James V. Straten in a new post on X, the BTC whales, who had earlier been in a phase of accumulation, have switched their behavior to that of distribution now. The relevant indicator here is the โTrend Accumulation Scoreโ from Glassnode, which keeps track of whether Bitcoin investors have been buying or selling…