Crypto remittances are a lifeline for many people who need to send money to their loved ones, as they provide faster, cheaper and more transparent transactions than traditional methods. As the cryptocurrency market moves sideways and amid a deepening stablecoin exodus, the sector remains a vital lifeline for many sending money to loved ones while...Continue Reading

Hong Kong’s securities regulator treats tokenized securities like traditional securities, subject to the same legal and regulatory norms. The Securities and Futures Commission (SFC) of Hong Kong has issued two circulars to regulate digital asset tokenization. The circulars offer instructions to intermediaries participating in tokenized securities activities and outline the criteria for tokenizing investment products authorized by...Continue Reading

PayPal was the first large fintech firm to adopt digital currencies for payments and transfers after launching its stablecoin in August. Payment giant PayPal has received a subpoena from the United States Securities and Exchange Commission (SEC) regarding its U.S. dollar-pegged stablecoin. The Enforcement division of the SEC has sent a subpoena to PayPal related...Continue Reading

The Swiss wCBDC pilot project will be hosted on SDX and use the infrastructure of Swiss Interbank Clearing. The Swiss National Bank (SNB), six commercial banks and the SIX Swiss Exchange will work together to pilot the issuance of wholesale central bank digital currencies (CBDCs) in the nation, officially known as the Swiss franc wCBDC....Continue Reading

Stuart Alderoty expressed concern about the SEC’s repeated arbitrary and capricious actions in court cases, suggesting a troubling pattern under Gensler’s leadership. Ripple chief legal officer Stuart Alderoty has expressed reservations about the recent string of legal defeats suffered by the United States Securities and Exchange Commission during Gary Gensler’s tenure. These remarks follow another...Continue Reading

The U.K. says the investments will help its local scientific talent have the tools they need to ensure that the most advanced AI models are up to safety standards. The United Kingdom announced on Nov. 1 after the conclusion of the first day of its global AI Safety Summit that it will increase funding for...Continue Reading

In September 2023, Tether also invested an undisclosed amount in Northern Data in a move backing AI initiatives. Tether (USDT) stablecoin issuer is raising the bet on Bitcoin (BTC) mining by issuing a major debt facility to German-based BTC mining company Northern Data AG. Northern Data AG has secured a 575 million euro ($610 million)...Continue Reading

Cointelegraph Accelerator welcomes Web3-friendly fintech platform Renegade to its program. As the crypto industry continues to grow, it becomes increasingly intertwined with traditional finance (TradFi) to the benefit of end users. TradFi is notoriously slow, inefficient and expensive. International wire transfers, which take days and double-digit dollar fees in most cases, are a perfect embodiment...Continue Reading

The momentary opening of the frozen bridge raised suspicion of it being an insider job as the trader in question was the only beneficiary. A wallet address turned nearly 1.9 million FTM worth $280,000 to $1.9 million within hours of exploiting the long-frozen Multichain Bridge opening momentarily, leading to insider job speculations among the crypto...Continue Reading

Switzerland’s St.Galler Kantonalbank has launched Bitcoin and Ether trading for select customers, planning to add more coins in the future. Switzerland’s St.Galler Kantonalbank (SGKB), one of the largest banks in the country, is moving into cryptocurrency by introducing Bitcoin (BTC) and Ether (ETH) trading to its customers. SGKB has partnered with the global cryptocurrency-focused bank...Continue Reading