Cryptocurrency exchange Coinbase Global Inc. has announced plans to delist stablecoins that do not comply with the new requirements across the European Economic Area (EEA) by the end of this year. The European Union’s Markets in Crypto-Assets (MiCA) regulation moves toward full implementation by the end of 2024. Coinbase plans
To facilitate the issuance and management of digital assets, Visa unveiled its new Visa Tokenized Asset Platform (VTAP). The financial services behemoth unveiled the VTAP on October 3; it claims to be compatible with several tokenized assets, including stablecoins and CBDCs. Visa reports that BBVA is one of many participating
In the last 24 hours, amid several news reports, the cryptocurrency sector witnessed the release of governmental institutions’ Bitcoin holdings data. The governmental reserves alone account for 2% of Bitcoin’s total supply. This indicates a widespread adoption of cryptocurrency in the global economy. Moreover, several banks have begun listing digital
Mastercard has expanded its support for cryptocurrency by partnering with Mercuryo, a European crypto payments infrastructure provider, to launch a euro-denominated crypto debit card. This new card allows users to spend cryptocurrencies like Bitcoin directly from their self-custodial wallets at over 100M merchants worldwide who accept Mastercard. Self-custodial wallets give
As the cryptocurrency sector anxiously awaits a verdict, the Nigerian court has rescheduled the trial of Tigran Gambaryan, a former US federal agent and executive of crypto exchange Binance, until September 2. Later afternoon, the most recent court hearing involving Gambaryan will begin. The executive of Binance was taken into
Eleven months of steady growth led to the market capitalization of stablecoins reaching an all-time high of $168 billion. The market’s sharp decline to $135 billion by the end of 2022 set the stage for a strong recovery. Reportedly, DefiLlama data reveals that the overall market capitalization of stablecoins has
Insolvent Crypto lender Celsius Network has filed a notice to the court about its intentions to distribute funds to creditors. In a filing submitted to the US Bankruptcy Court for the Southern District of New York, the attorneys for the business outline their strategy to repay creditors via the use
Willemstad, Curacao, 9th August 2024, Chainwire
The UBIT Blockchain Ecosystem Hackathon 2024, organised by Coinstore Labs, has wrapped up, marking a significant milestone for the blockchain development community. With developers from over 30 countries submitting 102 projects, the event showcased innovative solutions and advanced technology, promising to benefit the UBIT chain and shape the future of
In H1 2024, the stablecoin sector witnessed 24.3% growth in market cap according to CMC data. It also dominated the DeFi sector and is stated to be a fast emerging digital asset. Popular stablecoins such as USDT and USDC showed substantial growth in users apart from increases in market cap.
