Mercuryo Adds Fiat-to-Crypto On-Ramps for USDT on TON
A worldwide payments company called Mercuryo has teamed up with TON to offer USDT fiat-to-crypto conversion services. Integrating Tonkeeper, a self-custody wallet that facilitates transactions in Layer 1, The Open Network (TON), and other digital currencies, was the first step in the endeavor. Executive Director of Mercuryo in Singapore, Aviessa Khoo, expressed her happiness with […]
TON Foundation Allocates 11M Toncoin to Reward USDT Users
The TON Foundation team declared the opening of an incentive scheme aimed at encouraging collaboration with Tether. According to a recent post, 11 million Toncoin (TON) have been allocated to reward early USDT users in the TON network. The goal of the campaign is to promote the stablecoin’s internet adoption. TON Foundation announcement: “USDt on […]
Coin Centre Group Expresses Concern Over Stablecoin Bill
Coin Center, a US-based advocacy organization for cryptos, has raised concerns regarding the Senate establishing a regulatory bill for stablecoins. Senators Kirsten Gillibrand and Cynthia Lummis have introduced the Lummis-Gillibrand Payment Stablecoin Act . According to the legislation, Coin Center argued in an April 19 notice that the proposed prohibition on algorithmic stablecoins would be […]
IRS Unveils Crypto Reporting Form Set for 2025
The IRS has revealed a draft of Form 1099-DA for reporting cryptocurrency transactions, aiming to streamline tax reporting for digital assets. Unveiled is an early prototype of a new tax form by the Internal Revenue Service (IRS) specifically designed to report transactions involving cryptocurrencies. The 1099-DA draft form represents the most recent advancement by the […]
The Intersection of AI and DeFi: Exploring New Possibilities
Discover the boundless opportunities at the intersection of AI and DeFi, revolutionizing finance with innovation and efficiency. The intersection of artificial intelligence (AI) and decentralized finance (DeFi) creates a paradigm shift, unlocking innovative possibilities and disrupting traditional financial systems. As AI technologies mature, their integration with DeFi platforms is poised to revolutionize various aspects of the […]