Societe Generale-FORGE, Bitpanda Partner for Euro Stablecoin
Bitpanda sets to partner with Societe Generale-FORGE, the blockchain arm of the banking conglomerate, to aid the widespread adoption of its euro-backed stablecoin, EUR CoinVertible (EURCV). Societe Generale, a global banking conglomerate, has partnered with Bitpanda to establish crypto and stablecoins as a critical element of the global financial system. Jean-Mark Stenger, CEO of Societe […]
Bitget Predicts TON to Likely Overtake Spot Bitcoin Returns
Bitget exchange predicts TON’s Toncoin cryptocurrency will “likely outperform” spot returns of Bitcoin in the coming years. Bitget, a cryptocurrency exchange significant investor in The Open Network (TON) Foundation, has published a research report on TON. The report includes several audacious predictions for the TON ecosystem. Bitget proposed in the report that the TON ecosystem […]
Upbit Exchange to Store User Data on AWS Servers
Starting on October 1, Upbit, the largest cryptocurrency exchange in South Korea, will modify its privacy policy to store user data on AWS servers in the United States. The exchange will store user data on Amazon Web Services (AWS) servers in the United States to improve service reliability and resolve privacy and regulatory concerns. Transition […]
Celsius Token Soar After $2.5B Payment to Creditors
Celsius Network‘s native token experienced a more than 300% increase in value within a month of implementing a $2.5 billion repayment scheme for over 250,000 creditors. The insolvent digital asset lender had repaid approximately $2.53 billion to 251,000 creditors, according to a court filing on August 26. The Celsius (CEL) token was trading at $0.16 […]
Stablecoins, Crypto Threaten Fiat Money in East Asia
In some East Asian countries, stablecoins and cryptocurrencies are beginning to supersede fiat currencies, underscoring their importance in emerging economies. Eastern Asia became the sixth-largest crypto economy in 2024, contributing more than 8.9% of the global cryptocurrency value received between June 2024 and July 2023, according to a report by Chainalysis published on September 17. […]