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What is USD Coin (USDC), fiat-backed stablecoin explained
30.12.2022
USDC is a U.S. dollar-backed stablecoin issued by Circle and Coinbase to combat the price swings of the highly volatile cryptocurrency market
Dollar Loses to Digital Currencies in 2023, Former Russian President Medvedev Says
30.12.2022
Digital fiat currencies will spread next year while the U.S. dollar will be losing its status of global reserve currency, according to Russia’s former head of state. In a string of tweets, Dmitry Medvedev gave his two cents on what the future holds for the world, a “humble contribution,” as he...
Argentine Peso Breaks Historic Low Mark as Argentines Hedge Savings in Dollars
29.12.2022
The U.S dollar-Argentine peso exchange rate escalated during December, with the Argentine fiat currency reaching new historic lows as citizens ran to exchange their holiday payments for dollars. The U.S. dollar reached a value of 356 pesos on December 28, losing almost 10% during just one week,...
Venezuelan Banks Have Blocked Over 75 Accounts Since the End of Last Year Due to Cryptocurrency-Related Activities
28.12.2022
Venezuelan Banks have started eyeing the accounts of customers with ties to cryptocurrency trading, principally related to peer-to-peer (P2P) transaction activity. According to Legalrocks, a crypto and blockchain-focused legal firm in Venezuela, more than 75 accounts have been blocked by Venezuelan...
Waves founder announces new stablecoin as USDN depegs
20.12.2022
Days after USDN lost its peg with USD, Waves CEO and founder Sasha Ivanov promised that his new stablecoin will be “undepeggable."
CFTC Follows SEC by Filing a Lawsuit Against Disgraced FTX Co-Founder Sam Bankman-Fried
13.12.2022
On Dec. 13, 2022, the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Sam Bankman-Fried (SBF), FTX Trading LTD., and Alameda Research. The CFTC alleges that FTX customer deposits, “throughout the relevant period,” including both fiat currencies and cryptocurrencies, were...
Nvidia Projects Automotive Industry to Include Metaverse Tech in Its Operations in 2023
13.12.2022
Nvidia, a graphics processing unit and artificial intelligence (AI) company, believes that 2023 could mark the start of a metaverse-driven age in the automotive industry. As part of this new conception, automotive companies will start to include metaverse tech and implement it in their industrial...
Bitcoin could reach $1M in 5 years due to fiat currencies’ collapse, says Samson Mow
12.12.2022
The future collapse of fiat currencies could propel Bitcoin to $1 million in the next five to 10 years, according to Jan3 CEO and Bitcoin proponent Samson Mow
Crypto Exchange Bybit to Add New Restrictions for Unverified Users, Update Withdrawal Limits
12.12.2022
Cryptocurrency exchange Bybit has announced upcoming changes to its know-your-customer (KYC) policy that will limit certain operations for unverified customers. The stricter requirements concern coin purchases with fiat money, NFT transactions, and withdrawal limits. Bybit to Limit Services...
Bitcoin Lightning Network to be used in fiat transfers between EU and Africa
12.12.2022
CoinCorner and Bitnob teamed up to create cross-border transactions between the UK and Europe to Africa via the Bitcoin Lightning Network
What is spot trading in crypto and how does it work?
10.12.2022
In a spot market, traders can immediately exchange their cryptocurrency for fiat currency or another cryptocurrency by placing a buy or sell order
Barcelona and Argentina Legend Mascherano Joins Alchemy Pay as Brand Ambassador
6.12.2022
Barcelona and Argentina soccer legend, Javier Mascherano has signed for the leading fiat-crypto payment gateway Alchemy Pay. On December 1st, He announced on his social media platforms that he officially became an ambassador for Alchemy Pay, promoting its payment features and products, and will...
Report: South African Digital-Only Bank Launches Crypto Payments Gateway
6.12.2022
A South African digital-only bank (also known as a “neo bank”), Be Mobile Africa, has reportedly launched a crypto payment gateway that allows merchants to convert digital currency payments to fiat currency. Cédric Jeannot, the CEO of the digital-only bank, said the “new gateway...
Morgan Creek CEO Says FTX Co-Founder SBF Was a ‘Pawn’ Used to ‘Punish’ the Crypto Industry
6.12.2022
Following FTX’s collapse, many industry executives, influencers, luminaries, and politicians have shared their opinions about the carnage the event has caused to crypto markets and a great deal of innocent bystanders. On Dec. 2, the CEO and founder of Morgan Creek Capital, Mark Yusko...
Web3 Crypto Onboarding Platform Transak Integrates With Coinbase Wallet
4.12.2022
According to Transak, users of the Coinbase self-custody wallet in South East Asia can now use its Web3 onboarding platform “as a fiat on-ramp to buy crypto.” Transak’s integration with the Coinbase wallet is coming at a time when more users are becoming “aware of...
Stellantis Owned Fiat Launches Metaverse Store Using Touchcast and Microsoft Tech
3.12.2022
Fiat, an automotive brand property of Stellantis, has launched its first metaverse-based store, which the company claims is the first showroom of its kind. The experience, which was developed with tech supplied by Touchcast and Microsoft, aims to make the virtual process of reviewing a car more...
Crypto Adoption: These Crypto Companies Just Partnered with Fintech Unicorn Stripe For Its Fiat-to-Crypto On-Ramp Solution
2.12.2022
Blockchain-based music streaming platform Audius, NFT marketplace Magic Eden, and crypto wallet provider Argent, along with 13 other crypto projects have partnered with Stripe to use its fiat-to-crypto on-ramp for instant settlement of crypto.
In a Thursday blog post, Stripe announced...
South African Government to Add Crypto Entities to ‘List of Accountable Institutions’
2.12.2022
According to the South African government, crypto entities — or businesses whose activities include the exchange or transfer of crypto assets — are set to be included in the list of so-called accountable institutions starting Dec. 19. Businesses that convert one crypto asset to another or that...
Stripe Debuts Fiat-to-Crypto Payment Offering for Web3 Businesses
1.12.2022
The widget allows customers to more easily use crypto to engage with businesses and content creators across the world
Solana-Based DEX Orca Partners With Stripe for Fiat Transactions
1.12.2022
Orca, a Solana-based decentralized exchange (DEX), has integrated with payments heavyweight Stripe to to power its fiat-to-crypto transactions