Tether Signs MoU With the Government of Georgia
The government of Georgia and stablecoin issuer Tether have signed a memorandum of understanding (MoU) to develop the country’s Bitcoin and peer-to-peer (P2P) infrastructure. The strategic partnership between Tether and the Georgian government will concentrate on developing essential startup ecosystem infrastructure in Georgia. This collaborative endeavor aims to attract international interest and investment in the […]
Paxos, MercadoLibre Partner to Launch USDP in Mexico
Fintech company Paxos and MercadoLibre, an online marketplace, have partnered to introduce the Pax Dollar (USDP) stablecoin to Mexico on June 28 via the MercadoPago payment service. According to a press release, USDP will be made available to all MercadoPago customers in Mexico. While the company is headquartered in the United States, with offices in […]
Research Shows Use of Bitcoin For Illicit Crypto Activities Decline
According to new research by TRM Labs, fewer cybercriminals use Bitcoin as their primary method of transferring illicit funds and are now reverting to fiat channels or other cryptocurrencies. In its “Illicit Crypto Ecosystem Report,” published on June 28th, digital asset compliance and risk management firm TRM Labs revealed that illicit finance volumes involving Bitcoin […]
BoE CBDC May Consider Blockchain Alternatives as Underlying Technology
Bank of England’s (BOE) central bank digital currency (CBDC) program could use a different ledger than the popular blockchain technology as its underlying technology. Tom Mutton, manager of the BoE’s fintech and CBDC program, recently discussed the privacy aspect of the CBDC and why they may consider alternatives to the blockchain as the underlying technology. […]
Robinhood Reportedly Lays Off 7% of Full-Time Staff
According to internal company messages, roughly 7% of full-time staff, amounting to 150 employees, are being laid off by online brokerage firm Robinhood Markets. According to an internal company message seen by The Wall Street Journal, Robinhood’s chief financial officer, Jason Warnick, stated that the reductions were made to “adjust to volumes and better align […]