Alchemy bags money services license in Iowa, expands US services
The Singaporean crypto-fiat payment gateway, Alchemy Pay, announced a further expansion into the United States market on Nov. 23 with the acquisition of its money services license in the state of Iowa. According to local state regulations, any entity or individual engaged in currency ...
‘Primitive’ stablecoin lacks mechanisms that maintain fiat stability: BIS
Stablecoins lack crucial mechanisms that guarantee money market stability in fiat, and an operational model that gave regulatory control to a central bank would be superior to private stablecoin, a study released by the Bank for International Settlements (BIS) found. The authors used a &ld ...
Fiat on-ramps, banking partners crucial for institutional Web3 adoption – European Blockchain Convention
Fiat payment rails and neobanking services are becoming a vital cog in driving mainstream adoption and acceptance of the wider cryptocurrency space, according to key industry figures at the intersection of traditional finance and Web3.Executives from OpenPayd, Ramp Network and Damex unpack ...
Fiat on-ramps, banking partners crucial for institutional Web3 adoption – European Blockchain Convention
Fiat payment rails and neobanking services are becoming a vital cog in driving mainstream adoption and acceptance of the wider cryptocurrency space, according to key industry figures at the intersection of traditional finance and Web3.Executives from OpenPayd, Ramp Network and Damex unpack ...
Rising M2 money supply will see crypto become ‘Super Massive Black Hole’: Raoul Pal
The rising total money supply (M2) could propel crypto into another bull rally and help it outperform the traditional markets, according to Raoul Pal, co-founder and CEO of financial media platform Real Vision. Pal’s X post highlighted the correlation between the rising fiat market supply and the ...
Fed up with banks and centralized exchanges? It’s time for a change
A cutting-edge crypto platform says it offers all the advantages of centralized exchanges in a noncustodial environment. Changex offers seamless on and off-ramps to fiat, effortless purchases via bank transfers and debit cards, and cross-chain swaps for speedy conversions between digital a ...
Tether to publish reserve reports in real time in 2024: Bloomberg
Tether Holdings, the issuer of the world’s largest stablecoin by market capitalization, Tether (USDT), is reportedly preparing to update the frequency of releasing its reserve data reports.Paolo Ardoino, Tether’s chief technical officer and upcoming CEO, disclosed that the firm plans to st ...
Alchemy Pay Expands Global Reach with U.S. Payment License Acquisition
Alchemy Pay, a cryptocurrency payment gateway, is expanding its global presence with the acquisition of a major payment license in the United States. The company has successfully secured a Money Transmitter License in the state of Arkansas, according to an announcement made to Cointelegraph on Se ...
MetaMask launches feature to sell ETH for fiat
Cryptocurrency wallet MetaMask has announced the launch of a feature allowing users to sell Ether (ETH) for fiat currency.In a Sept. 5 post on X — formerly Twitter — MetaMask said users with crypto wallets connected to the platform’s Portfolio decentralized application wo ...
When will it be too late to invest in Bitcoin?
On the latest episode of Cointelegraph’s Market Talks, host Ray Salmond spoke with Luke Broyles, a popular Bitcoin (BTC) advocate and content creator on YouTube and X (formerly Twitter). During the show, Broyles laid out his Bitcoin investment thesis and his unique perspectives on how the asset’s ...
Nifty News: Yuga Labs to buy metaverse studio, Etihad NFT staking to take off and more
Yuga Labs accelerates Otherside planNonfungible token (NFT) conglomerate Yuga Labs has agreed to acquire the metaverse-building startup Roar Studios as Yuga looks to bolster its Otherside metaverse.Yuga tweeted the news on July 31 saying the impending acquisition was to “execu ...
Bitcoin surges to $24,000 with launch of event-based contracts on CME
Bitcoin's Value Soars to $24,000 Following CME's Introduction of Event Contracts The Chicago Mercantile Exchange (CME) has made an announcement about the launch of event-driven futures contracts for Bitcoin. In addition, the concerns surrounding US banks have dissipated, leading to a 10% surge in ...