PayPal, the world-renowned digital payments giant, has recently applied for a patent that hints at its intention to step into the rapidly burgeoning market of Non-Fungible Tokens (NFTs). With the increasing allure of NFTs in the digital realm, PayPal’s move demonstrates the shifting landscape of asset trading, and how traditional platforms are making strides to accommodate this … [Read more...] about PayPal ventures into NFT trading with new patent
Valkyrie diversifies with ether futures ETF
The cryptocurrency sector has seen yet another significant development as Valkyrie Investments receives the green light to incorporate ether futures into its Exchange-Traded Fund (ETF) portfolio. This move follows the US Securities and Exchange Commission (SEC) granting approval, underlining the regulatory body’s increasing openness towards the integration of … [Read more...] about Valkyrie diversifies with ether futures ETF
China sets its sights on the metaverse with ambitious three-year action plan
Marking a strategic leap into the next frontier of technology and economy, China has unveiled a comprehensive three-year action plan aimed at propelling its development in the rapidly evolving metaverse sector. … [Read more...] about China sets its sights on the metaverse with ambitious three-year action plan
MetaMask bridges the crypto-fiat gap with new cash-out feature
In a defining move, MetaMask, the renowned Ethereum-based crypto wallet, has rolled out a feature allowing users to seamlessly convert their cryptocurrency into fiat currency and transfer it directly to their bank accounts or PayPal. This move comes as the digital currency realm witnesses a massive surge in mainstream adoption. … [Read more...] about MetaMask bridges the crypto-fiat gap with new cash-out feature
Singapore’s stablecoin surge: digital asset payment firms reconsider strategy
The Monetary Authority of Singapore (MAS) recently finalised its stablecoin regulatory framework, which has sent ripples throughout the nation's financial technology sector. The move offers greater clarity to businesses keen on navigating the burgeoning stablecoin scene, and as a result, many digital asset payment firms are reevaluating their strategies, aligning with these … [Read more...] about Singapore’s stablecoin surge: digital asset payment firms reconsider strategy
Europe treads the Bitcoin ETF path: a sign of maturing crypto markets
In a move that signals the continued integration of cryptocurrencies into mainstream financial systems, Europe has unveiled its very first Bitcoin ETF. The Euronext Amsterdam Exchange, a prominent stock exchange located in the heart of Europe's financial domain, has become the launchpad for this innovative investment vehicle. This development comes as part of a larger trend of … [Read more...] about Europe treads the Bitcoin ETF path: a sign of maturing crypto markets
PayPal introduces PYUSD, its own US dollar-backed stablecoin
In a bold move into the burgeoning world of digital assets, global payment giant PayPal has announced the launch of PYUSD, its own U.S. dollar-backed stablecoin, according to an official press release. The PYUSD stablecoin is positioned as an essential building block in PayPal’s broader strategic push into the cryptocurrency sector. … [Read more...] about PayPal introduces PYUSD, its own US dollar-backed stablecoin
Tether announces soaring Q2 profits amid US treasuries exposure
Tether, a trailblazing stablecoin issuer, has recently reported an impressive profit of $850 million for the second quarter of the year. This announcement comes amid Tether's significant exposure to US Treasuries, with the company revealing a staggering $72 billion holding in these government bonds. … [Read more...] about Tether announces soaring Q2 profits amid US treasuries exposure