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Search Results for: fiat currency

Société Générale’s ‘FORGE’ Receives France’s First Crypto License

Société Générale, one of the major commercial banks in France, has become the first French company to get a crypto license for its crypto division, FORGE. The most recent development is that SG FORGE received its AMF authorization on Tuesday, July 18. As a result, the crypto department may now

July 19, 2023 2 mins read

Bitgert (BRISE) Announces Development of P2P Exchange, Starting August 2023

Bitgert (BRISE), a leading cryptocurrency platform, has recently made a groundbreaking announcement, revealing their ambitious plans to develop a peer-to-peer (P2P) exchange. The decision was made after an overwhelming response from the community, with users enthusiastically participating in a poll to gauge interest in such an offering. After carefully considering

July 18, 2023 2 mins read

Blockonomics Empowers Global Merchants Through Decentralized Finance

In the rapidly evolving world of cryptocurrencies, centralized services and stringent regulations frequently overshadow the original vision of decentralization. Despite this, Blockonomics stands out as one of the few payment gateways that adheres to the decentralized ethos of cryptocurrencies. What is the issue? Bitcoin (BTC), the first cryptocurrency, was created

July 10, 2023 4 mins read

Twitter Receives First Money Transmitter License in Three U.S States

It seems that Elon Musk’s Twitter business, Twitter Payments LLC, has been granted its first money transmitter licenses in the states of Michigan, New Hampshire, and Missouri. A money transmitter license is required before a business may provide money transfers or other forms of electronic payment. This is not the

July 6, 2023 2 mins read

Baby Doge Coin Integrates WalletConnect for Token Swapping

Baby Doge Coin, the popular dog-themed memecoin, has recently made a groundbreaking announcement that will fuel its development and expand its potential within the crypto market. The memecoin unveiled an exciting integration with WalletConnect, an open protocol connecting wallets to Dapps.  We're thrilled to announce that https://t.co/UAopqn3msj has now fully

June 27, 2023 2 mins read

The Rise of Stablecoins: A Secure Haven for Investors

In the ever-evolving landscape of cryptocurrency, the emergence of stablecoins creates waves, offering a refuge for investors in the tumultuous seas of digital finance. Buoyed by robust reserves and promising stability in a volatile market, these digital tokens have rapidly become a preferred asset. Moreover, leading banking institutions and federal

June 27, 2023 3 mins read

Bybit Expands Operations With Crypto License in Cyprus

Crypto exchange Bybit has been expanding rapidly. A license to operate a cryptocurrency exchange and offer digital asset custody services was revealed today by the exchange in Cyprus. Obtaining an operating license in Cyprus was a calculated move on Bybit’s part to widen its international reach. Bybit now has the

June 26, 2023 1 min read

TrueUSD Announces Having No Exposure To Struggling Prime Trust

On June 22, TrueUSD tweeted that its TUSD stablecoin has “no exposure” to the ailing Prime Trust, which is allegedly encountering regulatory issues. Prime Trust, located in Nevada, allegedly froze all fiat and cryptocurrency deposits and withdrawals. This was after receiving an order from state financial authorities. Many customers are

June 24, 2023 1 min read

Japan’s MUFG Bank Eyes Role of Stablecoin Issuer for Third Parties

The largest bank in Japan, Mitsubishi UFJ Financial Group Inc (MUFG), is in negotiations with worldwide stablecoin issuers to create its tokens on its own blockchain network. Moreover, Japan’s stablecoin legislation, which permits licensed banks, trust organizations, and authorized money transfer agents to issue these cryptocurrencies, went into force on

June 23, 2023 2 mins read
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