Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,399,169,394,324.12
  • 24h Vol: $53,361,005,239.12
  • BTC Dominance: 56.62%

Stablecoins

nigerian-cbdc-adoption-lags,-makes-up-less-than-1%-of-currency-in-use

Nigerian CBDC Adoption Lags, Makes Up Less Than 1% of Currency in Use

Leave a Comment / Africa, Bitcoin, CBDC, central bank digital currency, Crypto Hacked, Cryptocurrency, Digital Assets, e-naira, Ethereum, IMF, Nigeria CBDC, Stablecoins / / / , , , , , , , ,

Nigeria’s central bank digital currency, known as the eNaira, was the first of its kind in Africa. However, it currently represents only about 0.36% of the total currency in circulation. Nigerian experts attribute the slow adoption of the e-naira to its perceived lack of significant benefits compared to the traditional naira. E-Naira Adoption Lags Despite […]

Nigerian CBDC Adoption Lags, Makes Up Less Than 1% of Currency in Use Read More »

lightning-labs-rolls-out-taproot-assets-seeking-to-bring-stablecoins-to-lightning-network

Lightning Labs Rolls out Taproot Assets Seeking to Bring Stablecoins to Lightning Network

Leave a Comment / Bitcoin, Bitcoin (BTC), Crypto, Crypto Hacked, Cryptocurrency, Ethereum, Lightning Labs, lightning network, Stablecoins, Taproot Assets, Technology / / / , , , , , , ,

Lightning Labs, an institution dedicated to research and development related to the Lightning Network, Bitcoin’s second layer, has announced the rollout of Taproot Assets. This solution allows for issuing multiple tokens on top of it. The institution aims to capitalize on the popularity and volume of stablecoins to establish bitcoin as the global routing currency.

Lightning Labs Rolls out Taproot Assets Seeking to Bring Stablecoins to Lightning Network Read More »

basel-committee-gives-permissioned-stablecoins-‘preferential-treatment’-in-amended-crypto-asset-standard-amidst-heavy-criticism

Basel Committee Gives Permissioned Stablecoins ‘Preferential Treatment’ in Amended Crypto Asset Standard Amidst Heavy Criticism

Leave a Comment / Bank for International Settlements, basel committee, Bitcoin, Crypto, Crypto Hacked, crypto standard, Cryptocurrency, Ethereum, Guidance, Regulation, Stablecoins / / / , , , , , , ,

The Basel Committee, responsible for setting standards for bank regulation, has revised its crypto asset standard, introducing new considerations that impact stablecoins. The updated standard favors permissioned stablecoins, such as JPM Coin, over those issued on public chains. This has elicited criticism from figures in the crypto community, who accuse the committee of attempting to

Basel Committee Gives Permissioned Stablecoins ‘Preferential Treatment’ in Amended Crypto Asset Standard Amidst Heavy Criticism Read More »

caliza-raises-$8.5-million-to-ease-cross-border-payments-using-usdc-in-latam

Caliza Raises $8.5 Million to Ease Cross Border Payments Using USDC in Latam

Leave a Comment / Bitcoin, Caliza, cross-border payments, Crypto, Crypto Hacked, Cryptocurrency, Ethereum, Finance, remittances, Stablecoins, USDC / / / , , , , , , ,

Caliza, a fintech company headquartered in the U.S. but focused on Latam, has raised $8.5 million in a funding round led by Initialized, seeking to expand the reach of its foothold in Brazil. The company offers B2B solutions focusing on USDC, Circle’s regulated stablecoin, providing rails for easing cross-border payments for its customers. Caliza Raises

Caliza Raises $8.5 Million to Ease Cross Border Payments Using USDC in Latam Read More »

three-quarters-of-jurisdictions-partially-or-not-compliant-with-vasp-sector-recommendation,-says-fatf

Three-Quarters of Jurisdictions Partially or Not Compliant with VASP Sector Recommendation, Says FATF

Leave a Comment / Bitcoin, Crypto Hacked, Cryptocurrencies, Cryptocurrency, decentralized finance, Ethereum, FATF crypto standards, FATF recommendation 15, Regulation, Stablecoins, Travel Rule, VASPs, virtual assets / / / , , , , , , , ,

Three-quarters of the jurisdictions surveyed by the Financial Action Task Force (FATF) “are only partially or not compliant” with the anti-money laundering recommendation for the virtual assets sector. According to the latest FATF update, 60% (88 jurisdictions) have decided to permit virtual asset service providers (VASPs), while 14% (20 jurisdictions) explicitly prohibit them. The FATF

Three-Quarters of Jurisdictions Partially or Not Compliant with VASP Sector Recommendation, Says FATF Read More »

bank-of-russia-discusses-conditions-of-upcoming-stablecoin-regulation

Bank of Russia Discusses Conditions of Upcoming Stablecoin Regulation

Leave a Comment / Bank of Russia, Bitcoin, Crypto, Crypto Hacked, Cryptocurrency, Ethereum, Payments, Regulation, Sanctions, Stablecoins / / / , , , , , ,

The Bank of Russia has highlighted the conditions it will need to consider when regulating the use of stablecoins for Russian individuals and companies. The bank stated that before a regulation is enacted, a thorough study of these assets and a discussion with the relevant actors of the market and the community around them should

Bank of Russia Discusses Conditions of Upcoming Stablecoin Regulation Read More »

justin-sun-developing-gasless-transaction-stablecoin-solution-for-tron-and-evm-chains

Justin Sun Developing Gasless Transaction Stablecoin Solution for Tron and EVM Chains

Leave a Comment / Bitcoin, Crypto, Crypto Hacked, Cryptocurrency, Ethereum, Justin Sun. gasless transfers, News Bytes, News Bytes - 4, Stablecoins, tron / / / , , , , , ,

Justin Sun, founder of Tron, a smart contracts-enabled blockchain, has announced that his team is developing a gas-free transaction solution for stablecoins. This means that stablecoin movement fees will be free for the users, with issuers having the opportunity to pay for these. The service is expected to be operational by Q4 and will be

Justin Sun Developing Gasless Transaction Stablecoin Solution for Tron and EVM Chains Read More »

russia-in-the-process-of-regulating-the-use-of-stablecoins-for-cross-border-settlements

Russia in the Process of Regulating the Use of Stablecoins for Cross-Border Settlements

Leave a Comment / Bitcoin, Central Bank of Russia, cross-border payments, Crypto, Crypto Hacked, Cryptocurrency, Ethereum, Regulation, Russia, Stablecoins / / / , , , , , ,

Russia is considering adding the subject of stablecoins to an upcoming bill, allowing them to be used officially for completing cross-border payments. Alexey Guznov, Deputy Chairman of the Bank of Russia, declared that proposals have already been presented and the issue is now being discussed. The Ministry of Finance also confirmed that this is being

Russia in the Process of Regulating the Use of Stablecoins for Cross-Border Settlements Read More »

central-bank-of-bolivia-states-crypto-might-be-beneficial,-remarks-stablecoins-utility-as-dollar-proxy

Central Bank of Bolivia States Crypto Might Be Beneficial, Remarks Stablecoins Utility as Dollar Proxy

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Edwin Rojas Ulo, President of the Central Bank of Bolivia, referred to the recent change in stance that the institution had on crypto and stablecoins. According to reports, Rojas Ulo stated that he believes adding crypto to the national financial system might be beneficial as an alternative and remarked on the function of stablecoins as

Central Bank of Bolivia States Crypto Might Be Beneficial, Remarks Stablecoins Utility as Dollar Proxy Read More »

orbital-analysis:-emerging-markets-overwhelmingly-embrace-usdt-payments-on-tron

Orbital Analysis: Emerging Markets Overwhelmingly Embrace USDT Payments on TRON

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Orbital, a provider of blockchain-based payments, has published a blog post highlighting the importance of USDT payments on TRON in emerging markets. The company processes millions of on-chain transactions each year, valued in the billions of dollars. The post explains that while developed markets have little motivation to adopt crypto payments, the situation is different

Orbital Analysis: Emerging Markets Overwhelmingly Embrace USDT Payments on TRON Read More »