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Search Results for: fintech

Bakkt Eyes Global Expansion Amid Regulatory Uncertainty in U.S

Bakkt CEO Gavin Michael has said that the business is considering expanding internationally to Hong Kong, the United Kingdom, and the European Union. This is because of the absence of a stable regulatory environment in the United States. The CEO stated: “We’re particularly focused on Hong Kong, the UK and

July 6, 2023 2 mins read

Surge in Trading Volumes Explained: Celo (CELO), VC Spectra (SPCT), the Graph (GRT)

Celo’s (CELO) increasing popularity stems from its unique focus on mobile-friendly decentralized finance (DeFi) solutions. Additionally, The Graph’s surge in trading volume is driven by its robust infrastructure for indexing and querying data on the decentralized web. However, that’s merely the beginning! VC Spectra (SPCT) is the newcomer shaking up

July 6, 2023 4 mins read

Hong Kong Scholars Propose HKD Stablecoin Backed by Government

Hong Kong University of Science and Technology Vice President Cai Wensheng proposed the HKD stablecoin on July 4. The Hong Kong government did not support a similar policy suggestion offered by Wang Yang, Lei Zhibin, and Wen Yizhou. The scholars want to create a stablecoin for the local currency that

July 5, 2023 1 min read

South Africa Mandates License for Crypto Exchanges Before Year End

Financial authorities in South Africa have recently demanded that cryptocurrency exchanges register by the end of the year or risk legal action. By the end of the year, South Africa’s Financial Sector Conduct Authority has mandated that cryptocurrency exchanges submit applications for operational licenses. Since accepting applications for licenses began

July 4, 2023 2 mins read

Crypto ATM Firm Bitcoin Depot All Set To Go Public This Week

With the completion of a merger deal, Bitcoin Depot, one of the biggest cryptocurrency ATM companies in the United States, announced that it would be going public. GSR II Meteora Acquisition Corporation, a fintech business, said on June 30 that its investors had authorized a merger that would allow the

July 1, 2023 2 mins read

Paxos Partners With Mercado Libre To Offer USDP Stablecoin Access

Paxos, a blockchain-based financial technology startup, has revealed plans to launch its Pax Dollar (USDP) stablecoin in Mexico through a partnership with online marketplace Mercado Libre. MercadoPago, a digital wallet software developed by Mercado Libre, will be used to process payments. Moreover, this recent action is part of Paxos’s larger

June 30, 2023 2 mins read

Crypto Goes Mainstream in Germany: 28% of Gen Z Crypto Users Utilize Digital Currencies for Payments

~Bitcoin Reigns Supreme in Germany: Top Crypto Choices Revealed, Including Ethereum, NFTs, and Metaverse Projects ~ VICTORIA, Seychelles–(BUSINESS WIRE)–#crypto–KuCoin, a leading cryptocurrency exchange, unveils the key findings of its highly anticipated Cryptoverse report on Germany, shedding light on the evolving landscape of the German crypto market. The comprehensive report, based

June 29, 2023 5 mins read

Blockchain Market – Global Forecast to 2030: Market to Grow at a CAGR of 67.7% to Reach a Value of Over $400 Billion – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Blockchain Market by Type, Platform, Organization, End User, and Geography – Global Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering. The global blockchain market is projected to reach $403.36 billion by 2030, at a CAGR of 67.7% from 2023 to 2030. Blockchain is a shared, immutable

June 28, 2023 6 mins read