Circle has tapped a New York state-based community bank as its latest custodial provider for USDC reserves. The move reflects Circle’s strategy to deepen partnerships with Community Banks across the U.S., attempting to make payments more inclusive to underserved communities. Under the new agreement, New York Community Bancorp’s bank subsidiary, New York Community Bank, will...Read More
According to a research conducted by the investing firm Alto, 40% of the American millennials (those aged 26-41) hold cryptocurrencies. Nearly the same share of people own individual stocks, the survey estimated. Millennials and Their Affinity for Crypto The poll further informed that more US millennials had distributed some of their wealth into crypto than...Read More
Her Majesty’s Treasury hosted the regulatory pillar of the US-UK Financial Innovation Partnership with its counterpart, the US Treasury Department, on Jun 29th. Both parties acknowledged the importance of teaming up to support safe innovation and strengthen regulatory outcomes for digital assets across jurisdictions. On Stablecoins According to the joint statement issued, top domestic watchdogs...Read More
Mexican Senator, Indira Kempis, proposed a bill in the assemble to make Bitcoin legal tender in the country. The reason given by the senator is that it will bridge the gap between access to financial products and education for the Mexican citizens. Although Kempis had presented two proposals for law change in assembly in April...Read More
Wall Street giant Citigroup released a new report on cryptos-backed mortgages as an alternative for financing properties. The document laid out the benefits of such a financial innovation and the potential risks rooted in the high volatility of asset prices. Titled “Home of the Future: PropTech — Towards a Frictionless Housing Market,” the report also...Read More
While cryptocurrency markets continue to trade sideways as Bitcoin holds $19k and Ethereum remains above the $1k level, one Metaverse crypto coin, CEEK VR, is showing significant bullish momentum of upwards of 20% in the past 24 hours. It’s no secret that Metaverse and NFT projects remain one of the most popular niches in cryptocurrency,...Read More
The Novi digital wallet will be shut down on September 1, announced the company behind the project – Meta (formerly Facebook). This comes after years of regulatory scrutiny and unsuccessful launch attempts. The initial idea, started in June 2019, saw several company executives setting up a digital wallet (called Libra at the time) that wanted...Read More
According to a recent report, Celsius Network has fired about a quarter of its employees. This comes just days after the company issued a statement, reassuring once again that it’s working around the clock to resume withdrawals and fix its liquidity issues. Citing a note that it had obtained over the weekend, the Israeli media...Read More
This year, June was simultaneously bullish and bearish as the Fed raised rates to combat rising prices and cryptocurrencies dropped. Additionally, according to industry experts, cryptocurrencies have shown impressive ties to stocks, frequently moving in tandem during trade, imitating Bitcoin, which is expected to keep expanding through the rest of 2022 and beyond. Amidst the...Read More
