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Ethereum’s Value Transfer Is Now Dominated by Stablecoins


The Ethereum (ETH) blockchain has become home to a number of stablecoins. On January 29, Messari researcher Ryan Watkins explained that the stablecoin value transfer issued on the ETH chain recently flipped the number of native ether transactions. Essentially, Ethereum’s value transfer is...

German Fintechs Rush to Offer Crypto Custody Services Under New Law


Fintech companies in the Federal Republic are quickly moving to develop and offer custodial solutions for digital assets under the new German legislation that will allow banks to store, transfer and trade cryptocurrencies next year. Berlin-based Solarisbank has established a subsidiary that will...

NY Regulator Licenses Fidelity for Bitcoin Trading and Custody


Fidelity Investment’s digital currency arm has been licensed by the New York Department of Financial Services to operate a platform on which individuals and institutional investors can store, purchase, sell, and transfer bitcoin. The regulator also revealed that it has to date approved...

Russia’s Sberbank Takes on Crypto with Cross-border Money Transfer App


Source: iStock/-lvinst- Russian major bank Sberbank has introduced a new low-cost, cross-border remittance solution that it believes will be able to compete with cryptocurrency for cross-border transactions. The bank, once the Russian financial sector’s fiercest advocate of cryptocurrencies...

Traditional Law and Finance Can Adapt to Bitcoin, These Examples Show


Bitcoin brought about solutions to persistent problems that stood in the way of previous attempts to invent digital money, such as the risk of double spending. Some of its features, however, like the characteristic irreversibility of blockchain transactions, have created certain challenges for...

Crypto Facilitates Money Transfer for Restricted China


Crypto is not illegal in China, but it is illegal for banks and financial institutions to deal in crypto. It’s also illegal to send or receive over $50,000 in fiat money without government permission. Restrictive banking regulations, international trade wars, and a surveillance state in...

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