KuCoin introduced a solution designed to bring cryptocurrency payments into the retail sector. The digital asset exchange’s KuCoin Pay aims to bridge “ the gap between traditional retail and crypto, offering contactless and borderless transactions,” according to a news release Thursday (Jan. 2). “Leveraging KuCoin’s...
Bitcoin topped $100,000 this year. Will 2025 bring cryptocurrency fans similar good fortune? Investors, experts and industry executives surveyed by CNBC in a report published Tuesday (Dec. 31) say they expect the world’s most popular crypto to reach new record highs in the coming year. Some even project that...
2024 was a very good year for stablecoins. The blockchain-based digital tokens, which are pegged to fiat currencies or assets to minimize volatility, gained traction as financial services firms ventured into blockchain, while Donald Trump’s election victory portends a pro-crypto administration in the U.S. Stablecoins...
Digital assets platform MoonPay said it is among the first companies approved under Europe’s cryptocurrency regulation. The company secured approval under the Markets in Crypto-Assets (MiCA) regulation, passed by the European Parliament last year, according to a Monday (Dec. 30) press release. The rule creates...
Donald Trump’s election last month sparked a cryptocurrency rally, with bitcoin’s price hitting record highs. Weeks later, the momentum of that run seems to be waning, Bloomberg News reported Monday (Dec. 30). Bitcoin’s price in London Monday morning, that report said, wavered at just north of $93,000, a...
Inspired by Tether’s success, the world’s banking giants are showing interest in stablecoins. As Bloomberg News reported Saturday (Dec. 28), some banks are already there, with Societe Generale – Forge (SG-Forge) opening its euro-backed stablecoin to retail investors earlier this year. Revolut is reportedly considering...
Following the collapse of cryptocurrency exchange platform FTX amid fraud convictions, former executives Caroline Ellison and Ryan Salame have had their prison time shortened. According to a Tuesday (Dec. 26) report from Seeking Alpha, Salame, the former CEO of FTX’s Bahamas subsidiary, started his sentence...
Russian businesses are reportedly using bitcoin and other cryptocurrencies to make international payments. It’s a trend that comes in the wake of legislative changes that permitted these types of payments to get around western sanctions, Reuters reported Tuesday (Dec. 26), citing comments from Russian Finance...
Allo has secured a $100 million bitcoin-backed credit facility to expand its platform that helps institutions and individuals participate in crypto lending. The company’s solution bridges traditional finance with blockchain technology, Allo said in a Tuesday (Dec. 23) press release. “Bolstering its position in the...
