The payments industry is no stranger to disruption. But it has long had the same strategy for it: rely on the key foundations of trust, transparency and interoperability. That framework is increasingly being brought to bear on stablecoins, the fiat-pegged digital assets that are emerging...
A new stablecoin aims to serve as an inflation-proof form of cash. USDi is a dollar-tracking coin whose value is determined by the increase in the consumer price index (CPI) since December of last year, Bloomberg reported Tuesday (April 15). Inflation protection in the U.S....
Cryptocurrency exchanges Binance and KuCoin temporarily suspended withdrawals Tuesday (April 15) morning. As CoinDesk reported, the issue stemmed from the companies’ data center provider, Amazon Web Services (AWS). “We are aware of an issue impacting some services on the #Binance platform due to a temporary network interruption...
Crypto company Anchorage Digital Bank is reportedly being investigated by the Department of Homeland Security (DHS). The nature of the investigation is not known, but the DHS organization that is running it — the El Dorado Task Force — is dedicated to combating money laundering...
Visa is reportedly joining the Global Dollar Network (USDG) stablecoin consortium. The company will become the first traditional finance player to join the consortium that shares out yield to participants that create connectivity and liquidity, CoinDesk reported Monday (April 14), citing unnamed sources. Reached by...
Money is approaching, or has already passed, an inflection point, depending on who you ask. Fundamentally, it is the simple fact that payments have at a minimum two sides which each must be appeased that remains core to the scalability of any payment innovation. Look...
Tether, Galaxy and Ledn have become leaders in a crypto lending market that has rebounded since its collapse two years ago. As of the end of the fourth quarter of 2024, the three firms accounted for 88.6% of the centralized finance (CeFi) lending market and...
Binance has reportedly met with government officials to discuss relaxed regulation on the cryptocurrency exchange. The meeting between the company and representatives of the Treasury Department happened last month, The Wall Street Journal (WSJ) reported late Friday (April 11), citing sources familiar with the matter....
New York Attorney General Letitia James wants Congress to do more to protect cryptocurrency investors. James wrote a letter to congressional leadership Tuesday (April 8), saying lawmakers should mandate that crypto companies register with a federal regulatory agency and establish minimum listing standards for crypto...
