Crypto News and Updates

Binance is expanding its offerings in Latin America with the launch of a new crypto-to-bank account payment solution called Send Cash. This product allows users from nine countries to transfer crypto funds directly to bank accounts in Argentina and Colombia. Binance Pay, the exchange’s native crypto payment technology platform, enables users to send money instantly and with low fees. The launch of this service addresses the challenges faced by many individuals and businesses in the region,…

The United States Securities and Exchange Commission (SEC) is facing its first deadlines to decide on seven new Bitcoin (BTC) spot exchange-traded fund (ETF) applications. Investment firm Bitwise, BlackRock, VanEck, Fidelity, Invesco, Wisdomtree, and Valkyrie are awaiting the SEC’s decision by various dates in the next few days. Analysts suggest that the recent ruling in favor of Grayscale Investments increases the chances of a successful outcome for these applicants. The SEC has several o…

SEBA Hong Kong, the crypto-friendly Swiss bank, has received in-principle approval from the Hong Kong Securities and Futures Commission (SFC) to deal in virtual assets. This approval enables SEBA Hong Kong to operate with crypto products, provide advisory services on virtual assets, and offer asset management for discretionary accounts in virtual assets. With Hong Kong’s strategic location and its virtual asset regulatory framework, SEBA Hong Kong sees immense potential in tapping into the…

Rhode Island’s regulators have granted X (Twitter) a currency transmitter license, allowing the company to custody, transfer, and exchange digital currencies. This marks a significant step forward in Elon Musk’s vision for X to become an ‘everything app’ that includes both crypto and fiat payments. While initially supporting fiat currencies, X’s platform is being built to accommodate future crypto functionality. With this latest license, X has now secured transmitter licenses in seven Amer…

Tether, the stablecoin issuer, has formed a partnership with Britannia Bank & Trust, a private bank based in The Bahamas, to process dollar transfers. The collaboration adds to Tether’s existing banking relationships with Deltec Bank and Capital Union Bank. This move comes as U.S.-based cryptocurrency firms seek offshore banking partners due to increased regulatory scrutiny. Tether’s dominance in the stablecoin market, with a market cap of $82.9 billion, has sparked industry speculation ab…

The recent decision by the District of Columbia Circuit Court of Appeals regarding Grayscale Investments’ Bitcoin spot ETF application has sparked jubilation within the crypto community. The court overturned the United States Securities and Exchange Commission’s (SEC) rejection of the application, which was seen as a significant victory for Grayscale. However, it is important to note that the decision’s impact may be limited, as the SEC still has options for its next steps. Despite this, t…

Leila Ismailova, a former TV star from Belarus, has transitioned her career to become a consultant for digital fashion brands. She left her broadcasting career behind and moved to the United States, where she co-founded a digital fashion brand called Artisant. Now, she is using her expertise to help other fashion brands navigate the digital space. Ismailova is passionate about using technology to make the fashion industry more sustainable and well-rounded. She believes that digital fashion…

Miami Mayor Francis Suarez, one of the few cryptocurrency-friendly candidates running for President of the United States in 2024, has announced he will be suspending his campaign. In an Aug. 29 announcement, Suarez stated that while running for U.S. President had been one of the greatest honors of his life, he made the decision to end his campaign and support a strong nominee from the Republican Party. Suarez, known for accepting Bitcoin as part of his salary and supporting the MiamiCoin p…

Circle, a fintech company, has announced a partnership with Mercado Libre to bring the USDC stablecoin to Mercado Pago, the online payment platform of Mercado Libre. This collaboration aims to introduce USDC to 2 million users in Chile, starting with key markets. Mercado Libre, often referred to as the ‘Amazon of LATAM’ with 200 million users, is rolling out support for USDC, showcasing the growing momentum of digital dollars worldwide. USDC is a stablecoin pegged to the U.S. dollar, and i…

A federal judge has overturned the SEC’s decision to deny Grayscale’s Bitcoin ETF, marking a significant victory for Bitcoin exposure. The court ruling highlights the similarity between Grayscale’s proposed ETF and existing Bitcoin futures products approved for trading. While the SEC may have the opportunity to appeal the decision, experts believe this victory could lead to the eventual approval of spot BTC ETFs in the U.S. This development puts pressure on the SEC to justify rejecting spot B…

China’s economic stimulus initiatives have raised questions about their impact on Bitcoin. The country’s struggling economy poses risks to global growth, and there are concerns about the ripple effect on the U.S. dollar and commodities, potentially affecting Bitcoin. Historical trends show a correlation between Bitcoin’s price performance and China’s stock market movements. Despite recent measures by the Chinese government, doubts remain about their effectiveness in stabilizing the economy…