What to know: Pi Network launched PiVerify, allowing external businesses to use its KYC system and pay for verification services with PI. Pi2Day also introduced Pi Sign-in and SoloHost, expanding the ecosystem into identity services, […]
The Bangko Sentral ng Pilipinas (BSP) has identified the settlement of financial securities and large-value cross-border payments as potential applications for wholesale central bank digital currency (wCBDC). This was highlighted in the central bank’s “Project […]
Ripple announced on June 29 that developers can begin testing the XRPL Lending Protocol in a dedicated environment, advancing a dual upgrade comprising two technical specifications, XLS-65 and XLS-66, that would introduce native, fixed-term credit […]
Bitcoin is trading near $59,000 as MiCA reshapes where crypto firms choose to operate. Dubai-based lawyer Irina Heaver says her firm now receives more than 120 relocation inquiries each week. Around half reportedly come from […]
The pickup began about 18 months ago, before MiCA’s first rules took effect, she said. Stablecoin regulations began applying about a year ago, and crypto-asset service providers have been working through a transition period before […]
A top economist who nailed the yen’s long decline now says the U.S. dollar has hit peak strength. Robin Brooks, a senior fellow at the Brookings Institution and ex-chief economist at the Institute of International […]
Extending that logic, a strengthening yen should trigger risk aversion in both stocks and cryptocurrencies. That’s precisely what happened in July/August 2024, when the Bank of Japan (BOJ) raised interest rates, sending the yen sharply […]
A federal judge in New York entered a $5.5 million default judgment against NanoBit Limited and five related defendants over an alleged relationship-investment scam built on a fake crypto trading platform. The U.S. District Court […]
The U.K.’s Financial Conduct Authority (FCA) reduced the proposed capital requirements for stablecoin issuers as it set out its formal guidance for cryptocurrency regulations. The financial services regulator cut the amount of financial backing that […]
Strategy (MSTR) stock is set to end the month around 41% lower, its worst monthly performance since 2022, with one trading day remaining. MSTR is on course to mark its 11th negative month out of […]
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