Thomas Jordan, chair of the Swiss National Bank, argued against the necessity of a retail central bank digital currency (CBDC) and instead advocated for effective payment methods offered by the private sector. He also raised concerns about potential risks that could disrupt existing processes with this new system. On the other hand, the SNB saw … Read more
In the current robust Bitcoin market where new record highs are being set, it’s noteworthy that PayPal’s stablecoin, PYUSD, experienced a substantial drop in circulation. By March, its circulating supply had decreased by approximately 39% compared to early February, amounting to $188.5 million. USDT on PayPal, which began with a strong momentum, saw its circulation … Read more
The SEC has postponed its ruling on NYSE’s proposed Bitcoin ETF, causing a surprise delay. This decision may negatively impact businesses offering Bitcoin trading options, potentially hindering their ability to trade on widely used Bitcoin investment vehicles such as the Bitwise Bitcoin ETF and Grayscale Bitcoin Trust. The SEC has announced that it will carefully … Read more
According to Benzinga’s news article, the cryptocurrency project backed by former President Donald Trump has hit a roadblock. At first, Trump’s involvement in the crypto world brought him profits, but later market fluctuations caused his investments to plummet dramatically. In his initial year of involvement with cryptocurrency, the business tycoon saw significant income from royalties … Read more
At Evolve Bank and Trust, authorities discovered and confiscated large sums of money – approximating to millions of dollars – linked to deceptive practices like crypto frauds and pig-butchering schemes. This information came to light through a loss complaint filed in January and subsequently examined by Fintech Business Weekly. The complaint claims that entities including … Read more