Latin America’s largest digital bank will allocate 1% to BTC, offer crypto investment services
In addition to buying Bitcoin, Nubank will offer BTC and ETH investment services to its more than 50 million customers. Go to Source Powered by WPeMatico
Paxos
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Paxos secures approval from Singapore’s financial regulator
The stablecoin issuer said the regulatory approval would help support its partners in expanding services into Asia. Go to Source Powered by WPeMatico
Coinbase and 17 Other Crypto Firms Launch ‘Travel Rule Universal Solution Technology’
On Wednesday, the publicly-listed cryptocurrency firm Coinbase announced the launch of a collaborative effort called TRUST, which stands for “Travel Rule Universal Solution Technology.” The plan is described as an “industry-driven solution” developed to comply with the Financial Action Task Force (FATF) Travel Rule. There are currently 18 crypto firms that have joined TRUST so … Read more
Mercadolibre Gets Closer to Crypto With Investments in Paxos and Mercado Bitcoin
Mercadolibre, one of the biggest Latam-based unicorns, has announced strategic investments in two cryptocurrency exchanges: Paxos and Mercado Bitcoin. With these investments, the platform gets closer to cryptocurrency, having already bought bitcoin as a direct investment for its treasury, and offering the possibility of investing in crypto for its users in several countries in Latam. … Read more
Swiss Bank Seba Launches Regulated Gold Token, Aims to Bolster ‘Digital Ownership of Physical Gold’
On December 15, FINMA-licensed Swiss bank, Seba, announced the launch of a gold token that can be delivered in physical form, on-demand, at any time from the firm’s partner refineries. Seba believes the token can be leveraged as a compliant stablecoin “backed by responsibly sourced gold.” Swiss Bank Introduces ‘Seba Bank Gold Token’ Backed by … Read more
Crypto in the House: Execs on the march, US partisan politics and Web3
A largely proclaimatory meetup generated a positive response, with the industry appearing ready for a busy new year on the Hill. Go to Source Powered by WPeMatico
House committee announces crypto CEOs will testify at Dec. 8 hearing on digital assets
The hearing, “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States,” is the latest from Congress to explore the issues concerning crypto assets. Go to Source Powered by WPeMatico
Blockchain Industry to Surpass $67 Billion by 2027: Fintech Report Names 2021’s Most Influential Blockchain Companies
Financial technology (fintech) has exploded during the last two years and cryptocurrency and blockchain firms have bolstered the billion-dollar industry. A recently published study by Utility Bidder indicates that the industry is predicted to surpass $382 billion by 2027. Moreover, fintech firms that are blockchain-specific are projected to be worth over $67.4 billion by 2027. … Read more
Senators pressure Facebook to ‘immediately discontinue’ Novi wallet pilot
Facebook’s crypto wallet has been shot down by banking committee senators just hours after it launched a pilot. Go to Source Powered by WPeMatico
Facebook pilots Novi crypto wallet with Coinbase, Paxos
The social media giant still intends to launch Novi along with its Diem payment network once regulatory approval is granted. Go to Source Powered by WPeMatico