Crypto.com Approved to Operate in Spain
Crypto.com, a crypto exchange, has registered as a virtual asset service provider with the Central Bank of Spain. This registration allows Crypto.com to offer various goods and services to customers in Spain. It also comply to stric rules, including anti-money laundering directives and other financial crime prevention laws, ensuring user protection and safety. By obtaining […]
SAP Clients testing cross-border payments with Circle’s USDC
The German software company SAP is testing cross-border payments using Circle’s USDC stablecoin to simplify international money transfers. In a recent blog post, they announced this experiment, stating that the testing is being conducted on an Ethereum test network. SAP aims to address several issues related to cross-border payments through this testing. These challenges include […]
JPMorgan Expands Its Blockchain-Based Token to Euro Payments
JPMorgan, the well-known American investment bank, has expanded its blockchain-based settlement token, JPM Coin, to include euro-denominated payments. The bank now uses its blockchain payment system to accept euro payments from its corporate clients. A JPMorgan representative confirmed the expansion. Siemens, a German conglomerate, carried out the first euro transaction on June 21. However, this […]
Binance raises staking requirements for Cosmos, Polkadot, Solana
Binance has recently increased the minimum staking requirements for several well-known cryptocurrencies such as Solana (SOL), Polkadot (DOT), and Cosmos (ATOM) in their earning products. Binance offers various earning products, including Locked Savings and Flexible Savings, which allows token holders to earn passive income from their cryptocurrency holdings. In Flexible Savings, users can lock their […]
Sequoia Partner Asserts on FTX Investment
Alfred Lin, director at Sequoia Capital, defended the firm’s multimillion-dollar investment in the now-defunct cryptocurrency exchange FTX. Lin stated at the Bloomberg Tech Summit that Sequoia would likely make the same investment decision if he were tasked with evaluating FTX for the first time again. “I looked at the work we did in 15 different […]