Paxos: Blockchain Can Speed Up Remittances
Paxos Trust Company, a New York-based firm specializing in stablecoins, has recently shared its insights on the potential of blockchain technology in facilitating global remittances. Stablecoins are cryptocurrencies pegged to a fiat currency or a commodity, such as the U.S. dollar or gold, to maintain a stable value. As a leader in the stablecoin market, […]
Coin Center Defies OFAC’s Indictment of Tornado Cash Devs
Coin Center, a leading crypto advocacy group, argues that OFAC’s indictment of Tornado Cash developers for operating an illegal money transmission business is unfounded and inconsistent with FinCEN’s guidance. OFAC Accuses Tornado Cash Developers of Money Transmission Crimes On August 23, the U.S. Office of Foreign Asset Control (OFAC) announced that it had indicted Roman […]
Ripple Wins Legal Battle Against SEC, Boosts Crypto Industry
Ripple scores a major victory in its long-standing lawsuit with the SEC, proving that most of its XRP sales are not securities. This could have a positive impact on the crypto market, as predicted by Pantera Capital CEO Dan Morehead. Ripple, the company behind the XRP cryptocurrency, has won a significant legal case against the […]
Patricia’s Native Token Launch Sparks Controversy
Patricia, a Nigerian cryptocurrency exchange, has announced the launch of its native token, PTK, which will replace customers’ Bitcoin and Naira balances. However, the move has raised suspicions and criticism from the local crypto community. Patricia, a Nigerian cryptocurrency exchange, has unveiled its own native token, named Patricia Token (PTK), which it claims is a […]
RBA Says Australian CBDC is Years Away After Pilot Study
The Reserve Bank of Australia (RBA) has announced that the introduction of a central bank digital currency (CBDC) in Australia is not imminent, as it requires more policy deliberation and research. The announcement follows the completion of a pilot study conducted by the RBA and the Digital Finance Cooperative Research Centre (DFCRC), a consortium of […]