Barclays to Block Crypto Credit Card Purchases Starting June 27 Over Fraud and Volatility Fears
Barclays has announced that it will prohibit the use of its credit cards for purchasing cryptocurrencies starting June 27, 2025. The bank cited concerns over growing fraud cases and the extreme volatility in the crypto market as the key reasons behind this move. The restriction, which will apply across all Barclaycard credit products, is designed […]
Russia’s New Stablecoin A7A5 Sparks Concern Over Links to Sanctioned Crypto Exchange
A new ruble-pegged stablecoin called A7A5 has surfaced in Kyrgyzstan, quickly attracting global attention for its massive transaction volume and controversial connections. Within just a few months of its launch, A7A5 has processed an astonishing $9.3 billion despite only having around $156 million in circulating supply, raising serious questions about its true purpose and the […]
BIS Criticizes Stablecoins, Urges Tight Restrictions on Their Use as Money
The Bank for International Settlements (BIS) has issued a strong warning about stablecoins, asserting that they are not suitable substitutes for traditional forms of money. In a newly released report, the central banking institution argued that stablecoins, despite being pegged to national currencies, fail to deliver the fundamental qualities of sound money and should face […]
South Korean Banks to Launch Won-Pegged Stablecoin by 2026
South Korea’s banking sector is preparing for a major leap into digital finance, as eight of the country’s largest financial institutions plan to launch a won-pegged stablecoin by 2026. This development marks a significant shift in the adoption of blockchain-based financial products within the traditional banking system, setting the stage for a more regulated and […]
Bitcoin ETFs Record $588M Inflows in June, Extend 11-Day Winning Streak
Bitcoin exchange-traded funds (ETFs) have made headlines again after logging their largest monthly inflows for June, with a staggering $588 million pouring in. The surge comes alongside a strong 11-day streak of uninterrupted inflows, underscoring renewed investor confidence in digital assets despite recent market volatility. The 11-day inflow streak marks one of the longest positive […]