Digital bank FV Bank integrates USDC stablecoin for direct deposits
Apart from USDC support, FV Bank also plans to launch a custody service in Q4 2022, targeting major coins like Bitcoin and Ethereum. Go to Source Powered by WPeMatico
Month: September 2022
New York Judge orders Tether to document USDT backing
The court accepted the Plaintiffs’ requests to provide “undoubtedly important” documents in the alleged fraud case. Go to Source Powered by WPeMatico
Africa-Focused Crypto Exchange Yellow Card Raises $40 Million via Series B Round
Africa-focused crypto exchange Yellow Card recently revealed it has closed its $40 million Series B funding round. The exchange’s announcement of its latest capital raise comes just over a year after it raised $15 million from its Series A round. Funds to Be Used for Development of New Products Yellow Card, an Africa-focused cryptocurrency exchange, … Read more
Sharding could resolve Ethereum scalability trilemma, says researcher
Scalability trilemma implies that to scale, blockchains usually need to sacrifice one of their three fundamental cornerstones — security or decentralization, or transaction throughput. Go to Source Powered by WPeMatico
China to Expand Digital Yuan Testing in Pilot Cities to Provincial Level
China’s central bank intends to enlarge the area covered by trials of its digital yuan currency in four regions of the country. A top representative of the monetary authority announced the move while highlighting that the People’s Bank has been stepping up digitalization efforts this year. Government to Increase Digital Yuan Coverage in 4 Provinces … Read more
Coinbase to hand out ENS usernames to simplify wallet transactions
Users can get a username through Coinbase Wallet’s browser extension and use it to send and receive crypto tokens instead of the traditional address. Go to Source Powered by WPeMatico
Blockchain tech driving institutional-grade solutions: Blockchain Expo Europe
Blockchain Expo Europe 2022 in Amsterdam highlights meaningful strides in enterprise-grade blockchain solutions driven by mainstream institutions. Go to Source Powered by WPeMatico
Chinese Currency Breaches 7:1 Exchange Rate Against US Dollar for First Time in Two Years
The offshore exchange rate of China’s fiat currency versus the U.S. dollar recently breached the 7:1 mark for the first time in over two years, after it touched a new 2022 low of 7.0188 yuan for every dollar on September 15. Similar to other global currencies that have depreciated in 2022, the yuan’s decline is … Read more
Downfall of Canada’s Lambo driving ‘Crypto King’ reportedly sees $35M in losses
Founder of fraud recovery law firm says the only other avenue available for investors would be to make reports to the Ontario Securities Commission or the police. Go to Source Powered by WPeMatico
Binance to Open Two Offices in Brazil, Company Hints at Debit Card Launch
Binance, one of the biggest crypto exchanges by volume traded, has announced its expansion plans for Brazil. The exchange will open two new offices in the country to host 150 employees, who will be able to choose if they want to work in-office or remotely. The company also hinted at the launch of a debit … Read more