WadzPay Receives Initial Approval from Dubai VARA
The license permits WadzPay to initiate preparations for offering virtual asset services and activities under the VASP License for Transfer and Settlement and Broker/Dealer activities. The Dubai Virtual Assets Regulatory Authority (VARA) has issued an “Initial Approval” license to the cryptocurrency company WadzPay, signaling a pivotal step in the company’s pursuit of a Virtual Asset […]
Northern Data Secures $610M Debt Financing from Tether
Tether increases its wager on Bitcoin mining by providing debt financing worth $610 million to the German Bitcoin mining company Northern Data AG. According to an announcement dated November 2, Northern Data AG has secured a 575-million-euro ($610-million) debt financing facility from Tether to drive further investments across its enterprises. The debt capital will enable […]
DWS Group’s Crypto ETF Initiative Fuels Industry Discussion
DWS Group’s crypto ETF push sparks debate on the value of cryptocurrencies, contrasting skepticism with fear of missing out (FOMO) as Bitcoin surges. The intrinsic value of cryptocurrencies is a subject of sharp disagreement in the ever-changing world of cryptocurrencies. As financial titans, such as DWS Group, prepare to launch cryptocurrency exchange-traded funds (ETFs), the […]
Swiss National Bank Pilots wholesale CBDC
Swiss National Bank, in partnership with SIX swiss exchange is piloting the wholesale central bank digital currencies (wCBDC) the project will be hosted on SDX and use the Swiss Interbank Clearing infrastructure. The Swiss National Bank (SNB), six commercial institutions, and the SIX Swiss Exchange will work together to pilot the issuance of wholesale central […]
PayPal Receives Subpoenas from SEC over PYUSD Stablecoin
After launching its stablecoin in August, PayPal became the first major fintech firm to adopt digital currencies for payments and transfers. PayPal Holdings, a worldwide payments firm expanding into the crypto space, has received a subpoena from the Securities and Exchange Commission (SEC) involving its US dollar stablecoin PayPal USD (PYUSD). The SEC maintains a […]