Mastercard’s portfolio of crypto partnerships in Latin America also includes Binance, Belo and Buenbit. Source
Latin American Crypto Exchange Bitso and Mastercard Launch Debit Card in Mexico
Tag: Exchange
Indian Crypto Exchange BitBNS Says Law Enforcement Advised Against Making Hack Public
Indian Crypto Exchange BitBNS didn’t make a hack worth $7.5 Million on February 1, 2022 public to its users and instead told them it was “system maintenance” because “law enforcement” authorities advised them against it. Source
Mastercard and Other Industry Leaders Join RBA in Testing Digital Dollar Use Cases in Australia Australia’s central bank is taking steps towards a more digitized economy by partnering with industry representatives to test the use cases for a digital dollar, the eAUD. The Reserve Bank of Australia (RBA) is currently conducting a pilot project which will explore various areas of use for a central bank digital currency (CBDC). The projects range from bond settlement and securities trading to offline payments. The RBA’s Assistant Governor, Mr. Brad Jones, stated that the people who participated in the pilot projects involve a diverse range of field representatives, including small fintech and large financial institutions. Several entities, including the Commonwealth Bank, Australia and New Zealand Banking Group Limited (ANZ), Monoova, the Australian Bond Exchange, Mastercard, DigiCash, and others, are collaborating with the RBA on various pilot projects. One of the pilot projects aims to test whether smart cards preloaded with money could activate offline payments. This project will aim to work on a consumer-to-merchant system, enabling users to conduct transactions even without an internet connection. A separate initiative explores the potential of utilizing the USDC coin to simplify all foreign exchange trades and cross-border money transfers.The objective is to experiment with carrying out global remittances around the clock, every day of the year, with an emphasis on minimizing counterparty risks. Central banks worldwide are pursuing digital currency experiments, and the RBA’s initiative is among them. The RBA expects to complete its CBDC pilot by mid-2023. The pilot, along with the broader research study, will serve two purposes. It will contribute to hands-on learning by the industry and policymakers’ understanding of how a CBDC could benefit the Australian financial system and economy. The RBA’s CBDC pilot has the potential to revolutionize the Australian financial system and open up new opportunities for businesses and individuals. As the world moves towards a more digitized economy, central bank digital currencies will play an increasingly significant role in financial systems worldwide.
Australia’s central bank is taking steps towards a more digitized economy by partnering with industry representatives to test the use cases for a digital dollar, the eAUD. The Reserve Bank of Australia (RBA) is currently conducting a pilot project which will explore various areas of use for a central bank digital currency (CBDC). The projects range from bond settlement and securities trading to offline payments. The RBA’s Assistant Governor, Mr. Brad Jones, stated that the people who participated in the pilot projects involve a diverse range of field representatives, including…
Top 5 BEST Crypto Exchanges in 2023: Are They SAFE?!
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 🛒 Binance Discount Deal 👉 🛒 OKX Discount Deal 👉 🛒 Bitget Discount Deal 👉 🔥 TOP Crypto TIPS In My Newsletter 👉 ~~~~~~ 📺 Useful Vids 📺 Self Custody 👉 Exchange Proof of Reserves 👉 Binance Review 👉 Kraken Review 👉 ~~~~~~ ⛓️ 🔗 Useful Links 🔗 ⛓️ Best Crypto Exchanges: Binance Review: Kraken Review: OKX Review: Bitget Review: Binance Proof of Reserves: Binance US Supported Coins: Kraken Proof of Reserves: Binance Withdrawals: Coinbase Legal: ~~~~~~ – TIMESTAMPS – 0:00 Intro…
24 Exchange Sets New FX NDF Trading Record in February
24 Exchange processed $1.49 billion in average daily forex non-deliverable forward (NDF) for its global institutional customers in February 2023, thereby setting a new ADV record. The FX NDF platform also hit a record single-day volume of $1.9 billion last month. 24 Exhange’s new result comes one month after the trading venue, which was launched in 2019, crossed the $1 billion mark in its FX NDF ADV. In other words, the platform’s average daily volume in forex NDF surged approximately 50% higher last month. Earlier in October, 24 Exchange reported…
Ethereum DeFi Altcoin Explodes 140% After Surprise Support From Crypto Exchange Binance
A decentralized Ethereum (ETH)-based lending protocol is leading the altcoin markets with explosive gains following surprise support from Binance, the world’s largest crypto trading platform by volume. In an announcement yesterday, Binance revealed it would be listing Liquity (LQTY) in its “Innovation Zone”, where newer tokens with higher volatility are designated. Liquity is a borrowing and lending protocol powered by its stablecoin LUSD, and uses ETH as collateral. LQTY, its native token, can be used for liquidity mining and staking. LQTY stakers can earn LUSD from fees on loan issuance,…
Crypto Long & Short: Decentralized Exchange Research Ramps up
This week, Glenn Williams Jr. argues that decentralized exchanges (DEXes) have an intriguing road ahead amid the wreckage of FTX. Then, Kelly Chambers of THEIA8900 notes the digital-asset myopia among financial advisers focused on bitcoin (BTC) and Ethereum’s ETH. Source
Tel Aviv Stock Exchange Proposes Crypto Trading, Faces Regulatory Resistance
The Tel Aviv Stock Exchange (TASE) has created a groundbreaking move towards offering crypto trading, marking the first time it has proposed allowing its clients to trade digital assets. The stock exchange has published a draft to approve expanding crypto trading activities to non-banking members, which is open for public comments. The proposal will enable customers to deposit fiat money specifically for investments in digital assets. If approved, non-banking members will be licensed providers for crypto trading and custodial services. The customer funds will be placed in an “omnibus…
Crypto Exchange LBank Signs With Encryptus for Crypto to Payout Infrastructure – Press release Bitcoin News
press release PRESS RELEASE. LBank; a leading token-to-token crypto exchange, has partnered with Encryptus Europe UAB; a licensed crypto and fiat infrastructure company, to streamline their crypto to payouts in 100+ countries. After this integration, LBank will be able to offer to their users off ramps in the form of bank wires, gift cards, mobile top-ups and data plans without having to invest significant time and resources into product development, market research and regulatory compliance. Instead, they can focus on other areas of their business, such as user acquisition and…
Binance CEO Claps Back at Forbes’ Criticism, Defends Exchange Operations and User Freedoms
The cryptocurrency exchange Binance has been under scrutiny recently, with Forbes publishing an article that made claims about the exchange’s financial activities. The report indicated the movement of funds or money by Binance, including the transfer of $1.8 billion to hedge funds like Amber Group, Tron, and Alameda Research. The Forbes piece suggested that Binance’s activities were reminiscent of the defunct FTX, which collapsed in 2022. The article made reference to Binance.US’s unsuccessful bid for Voyager and the legal action that the Exchange Commission and United States Securities are preparing…