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CATEGORY: crypto world news

Japanese Banking Giant MUFG Eyes Rolling Out Worldwide Stablecoins
Author: Mark Brennan
United States
Source: The Crypto Basic
Jun 23, 2023 08:15

Japanese Banking Giant MUFG Eyes Rolling Out Worldwide Stablecoins

MUFG is engaging with popular stablecoin issuers to offer these tokens through its blockchain network Progmat. According to Bloomberg, Mitsubishi UFJ Financial Group (MUFG), the largest bank on Japanese soil, is discussing with various firms, including leading stablecoin providers, to issue these digital assets via its Progmat platform. The bank’s product vice president Tatsuya Saito […]

The post Japanese Banking Giant MUFG Eyes Rolling Out Worldwide Stablecoins first appeared on The Crypto Basic.

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Montenegro’s Minister of Interior Says Terra Founder Do kwon Arrested in Montenegro
Author: Albert Brown
United States
Source: The Crypto Basic
Mar 23, 2023 08:15

Montenegro’s Minister of Interior Says Terra Founder Do kwon Arrested in Montenegro

Do Kwon Reportedly Arrested in Montenegro. The development was shared by the country’s Minister of Interior, who disclosed that authorities are awaiting confirmation of his identity. Founder of Terraform Labs, Kwon Do-hyung – popularly known as Do Kwon – has reportedly been arrested in Podgorica, the largest and capital city of Montenegro. The disclosure comes […]

The post Montenegro’s Minister of Interior Says Terra Founder Do kwon Arrested in Montenegro first appeared on The Crypto Basic.

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US Legislation Set for July to Determine Whether Crypto is a Security or Commodity
Author: Mark Brennan
United States
Source: The Crypto Basic
Jun 22, 2023 11:55

US Legislation Set for July to Determine Whether Crypto is a Security or Commodity

To shed more light on the status of cryptocurrencies and stablecoins, the U.S. House committee in charge of finance will debate and vote next month. According to The Block, preparations are in high gear for the U.S. House Finance Services Committee to undertake a crucial vote to determine whether digital assets are securities or commodities. […]

The post US Legislation Set for July to Determine Whether Crypto is a Security or Commodity first appeared on The Crypto Basic.

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Ripple Now Among Top 20 Firms Granted In-Principle Approval for MAS MPI License in Singapore
Author: Abdulkarim Abdulwahab
United States
Source: The Crypto Basic
Jun 22, 2023 11:55

Ripple Now Among Top 20 Firms Granted In-Principle Approval for MAS MPI License in Singapore

Ripple secures significant approval for MAS MPI license, expands presence in APAC region; CEO Brad Garlinghouse proud of Singapore’s crypto approach. In a significant development for the crypto industry, Ripple, a leading blockchain company, has achieved a remarkable feat by securing in-principle approval for a Major Payments Institution (MPI) license from the Monetary Authority of […]

The post Ripple Now Among Top 20 Firms Granted In-Principle Approval for MAS MPI License in Singapore first appeared on The Crypto Basic.

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Paris-Based CACEIS Bank Gets Greenlight to Offer Crypto Custody Services
Author: Mark Brennan
United States
Source: The Crypto Basic
Jun 22, 2023 08:15

Paris-Based CACEIS Bank Gets Greenlight to Offer Crypto Custody Services

CACEIS finally gets the authority to offer crypto custody services after trying to do so since 2021. According to Reuters, CACIES, a Paris-based asset servicing bank that is part of Crédit Agricole and Santander, has been permitted to provide custody services in the cryptocurrency sector by the French Financial Markets Authority (AMF). CACIES is now […]

The post Paris-Based CACEIS Bank Gets Greenlight to Offer Crypto Custody Services first appeared on The Crypto Basic.

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Telegram Now Allows Users to Send and Receive USDT Through Chats
Author: Mark Brennan
United States
Source: The Crypto Basic
Mar 22, 2023 08:15

Telegram Now Allows Users to Send and Receive USDT Through Chats

The functionality allows users to buy USDT seamlessly with their bank cards or through the dedicated P2P market. Telegram users can now send and receive TetherUSD (USDT) with each other through chats for free. The feature is made available through the Telegram Wallet bot, which allows users to buy, send, and receive digital assets. The […]

The post Telegram Now Allows Users to Send and Receive USDT Through Chats first appeared on The Crypto Basic.

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EDX Markets, A Crypto Exchange Endorsed by Wall Street Giants Goes Live
Author: Mark Brennan
United States
Source: The Crypto Basic
Jun 21, 2023 11:55

EDX Markets, A Crypto Exchange Endorsed by Wall Street Giants Goes Live

EDX Markets Endorsed by Wall Street Giants Goes Live as a “Non-Custodial” and Institutional-Only Crypto Exchange. EDX Markets starts operations as a distinctive crypto exchange that only supports institutions through authentic intermediaries. According to Bloomberg, EDX Markets has set the ball rolling as a “non-custodial” and institutional-only platform that permits trading of Litecoin (LTC), Ethereum […]

The post EDX Markets, A Crypto Exchange Endorsed by Wall Street Giants Goes Live first appeared on The Crypto Basic.

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Venezuela’s Crypto Fortunes Go South Amid Mining Ban
Author: Mark Brennan
United States
Source: The Crypto Basic
Jun 21, 2023 08:15

Venezuela’s Crypto Fortunes Go South Amid Mining Ban

A crypto mining ban is turning the tables on Venezuela’s significant strides in this sector. According to Bloomberg, the progress made by Venezuela in the crypto sector is dwindling thanks to a temporary halt in cryptocurrency mining activities. President Nicolás Maduro oversaw a vibrant crypto industry as he spearheaded the use of digital assets, especially […]

The post Venezuela’s Crypto Fortunes Go South Amid Mining Ban  first appeared on The Crypto Basic.

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IMF, Amazon, and JPMorgan Make Their Mark in Singapore’s Digital Asset Space
Author: Mark Brennan
United States
Source: The Crypto Basic
Jun 21, 2023 08:15

IMF, Amazon, and JPMorgan Make Their Mark in Singapore’s Digital Asset Space

As Singapore seeks to comprehend standards in the digital asset space, it has sought insights from different industry players, such as the American global bank JPMorgan. Through a technical whitepaper dubbed Purpose Bound Money (PBM), the Monetary Authority of Singapore (MAS) has disclosed its collaboration with the International Monetary Fund (IMF), Amazon, JPMorgan, DBS Bank, […]

The post IMF, Amazon, and JPMorgan Make Their Mark in Singapore’s Digital Asset Space first appeared on The Crypto Basic.

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Main Worrisome Events That Led Global Crypto Market Cap Collapses Below $1T
Author: Albert Brown
United States
Source: The Crypto Basic
Mar 11, 2023 11:55

Main Worrisome Events That Led Global Crypto Market Cap Collapses Below $1T

The last time the global market capitalization for cryptocurrencies traded below the $1 trillion mark was late January. The global crypto market capitalization has slipped below the $1 trillion mark for the first time since late January. The global market cap plummeted by 9.5% from the value of $1.01 trillion this Wednesday to a two-month […]

The post Main Worrisome Events That Led Global Crypto Market Cap Collapses Below $1T first appeared on The Crypto Basic.

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DeFiChain To Sponsor the National Fighting Championship in Germany
Author: Chainwire
United States
Source: The Crypto Basic
Mar 07, 2023 08:15

DeFiChain To Sponsor the National Fighting Championship in Germany

Singapore, Singapore, 7th March, 2023, Chainwire. DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, is delighted to announce that its community has voted to sponsor the National Fighting Championship (NFC) this year. The NFC is the German version of the widely known UFC, in […]

The post DeFiChain To Sponsor the National Fighting Championship in Germany first appeared on The Crypto Basic.

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Ripple: Payment Leaders From 45 Countries Back Crypto For Fast Payments
Author: Albert Brown
United States
Source: The Crypto Basic
Mar 03, 2023 11:55

Ripple: Payment Leaders From 45 Countries Back Crypto For Fast Payments

However, these industry leaders are concerned about the regulatory climate in the crypto industry and its sustainability. A recent whitepaper from Ripple and the US Faster Payments Council has revealed that an overwhelming 97% of payment industry leaders think that blockchain and cryptocurrency have the potential to accelerate payments in the next three years. In […]

The post Ripple: Payment Leaders From 45 Countries Back Crypto For Fast Payments first appeared on The Crypto Basic.

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Edward Snowden Fires Back at BIS Chief Amid Claims That Crypto Has Lost to Fiat
Author: Okoya David
United States
Source: The Crypto Basic
Feb 24, 2023 11:55

Edward Snowden Fires Back at BIS Chief Amid Claims That Crypto Has Lost to Fiat

The NSA whistleblower launched an unapologetic verbal attack against the BIS chief in a series of tweets. National Security Agency consultant cum whistleblower Edward Snowden has fired back at the chief of the Bank of International Settlements, Agustin Carstens, for his claims that crypto has lost to fiat. “That battle has been won,” Carstens said, […]

The post Edward Snowden Fires Back at BIS Chief Amid Claims That Crypto Has Lost to Fiat first appeared on The Crypto Basic.

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General Motors Files NFT Trademark Applications for Cadillac and Chevrolet
Author: Albert Brown
United States
Source: The Crypto Basic
Feb 21, 2023 08:15

General Motors Files NFT Trademark Applications for Cadillac and Chevrolet

The latest development follows Chevrolet’s NFT collection launch last July. The General Motors Company (GM), a Detroit-based multinational automotive company, wants to join the NFT scene. It recently filed trademark applications for two of its most prominent brands, Cadillac and Chevrolet. General Motors filed the trademark applications with the United States Patent and Trademark Office […]

The post General Motors Files NFT Trademark Applications for Cadillac and Chevrolet first appeared on The Crypto Basic.

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Bitcoin of America Launches Utility Bills Payments With BTC
Author: Ammara
United States
Source: The Crypto Basic
Feb 17, 2023 10:05

Bitcoin of America Launches Utility Bills Payments With BTC

The feature was recently introduced by Bitcoin of America, a reputable Bitcoin ATM operator. Bitcoin of America (BOA), one of the largest U.S.-based Bitcoin ATM (BTM) operators, recently announced the launch of its BillPay service, which will allow users conveniently make utility bill payments with Bitcoin through its ATM kiosks. This makes BOA the first […]

The post Bitcoin of America Launches Utility Bills Payments With BTC first appeared on The Crypto Basic.

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Visa to Issue Bitcoin Powered Cards in Over 40 Countries
Author: Lele Jima
United States
Source: The Crypto Basic
Feb 13, 2023 08:15

Visa to Issue Bitcoin Powered Cards in Over 40 Countries

Wirex has signed a long-term partnership with Visa to expand to more than 40 countries in APAC. According to a press release today, popular cryptocurrency payment app Wirex has inked a long-term global partnership deal with Visa to expand its footprint in the United Kingdom and Asia-Pacific (APAC). Under the partnership, Wirex will become a Visa […]

The post Visa to Issue Bitcoin Powered Cards in Over 40 Countries first appeared on The Crypto Basic.

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Ukraine IT Deputy Minister Says Country Ranked Among Top 3 That Love Metaverse
Author: Okoya David
United States
Source: The Crypto Basic
Feb 10, 2023 08:15

Ukraine IT Deputy Minister Says Country Ranked Among Top 3 That Love Metaverse

Ukraine continues to dominate crypto-friendly metrics even as the conflict with Russia continues. Ukraine has ranked third amongst countries that love the metaverse. This is according to a recent report by crypto-data-focused firm CoinKickoff. Notably, the firm analyzed 1.6 million tweets, 19 metaverses, Google search volumes in 192 countries, and visual comparisons of metaverse worlds […]

The post Ukraine IT Deputy Minister Says Country Ranked Among Top 3 That Love Metaverse first appeared on The Crypto Basic.

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Bank of England Mentions Ripple in Its Digital Pound Consultation Paper
Author: Lele Jima
United States
Source: The Crypto Basic
Feb 10, 2023 11:55

Bank of England Mentions Ripple in Its Digital Pound Consultation Paper

The BoE mentioned Ripple in a recently published CBDC consultation paper. Leading blockchain company Ripple has played significant roles in helping central banks in different parts of the world, including Bhutan. Following its considerable efforts towards the development of CBDC, Ripple was recently mentioned in the Bank of England (BoE) consultation paper on the digital […]

The post Bank of England Mentions Ripple in Its Digital Pound Consultation Paper first appeared on The Crypto Basic.

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South African Retail Giant “Pick N Pay” Now Accepts Bitcoin in all of its 1,628 Stores
Author: Albert Brown
United States
Source: The Crypto Basic
Feb 01, 2023 08:15

South African Retail Giant “Pick N Pay” Now Accepts Bitcoin in all of its 1,628 Stores

The development comes three months after the retailer announced that it was already testing out Bitcoin payments at 39 designated outlets. Pick N Pay, a leading South African grocery retail giant, has started accepting Bitcoin and lightning payments at all its 1,628 outlets. The development comes three months after the retail business disclosed that it […]

The post South African Retail Giant “Pick N Pay” Now Accepts Bitcoin in all of its 1,628 Stores first appeared on The Crypto Basic.

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English Premier League (EPL) Takes Major Step into NFTs
Author: Lele Jima
United States
Source: The Crypto Basic
Jan 30, 2023 08:15

English Premier League (EPL) Takes Major Step into NFTs

NFT-Based Soccer Fantasy Game Sorare to Launch 1,111 Premier League Licensed Card. Sorare partners with the English Premier League to mint and sell digital trading cards of EPL players. The English Premier League (EPL) has taken a major step into the non-fungible tokens (NFTs) market following its partnership with Sorare, a fantasy gaming, and digital […]

The post English Premier League (EPL) Takes Major Step into NFTs first appeared on The Crypto Basic.

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