Ripple’s Fortress Trust Acquisition Expands US Licensing
Fortress possesses a Nevada Trust license, enabling them to provide asset custody services, whereas Ripple holds in excess of 30 licenses spanning various jurisdictions within the United States. Ripple, a financial technology company, has announced its intention to acquire Fortress Trust to acquire additional regulatory licenses in the United States. This development was disclosed in […]
Bitstamp to Suspend Trading of Major Crypto Tokens in US
Luxembourg-based crypto exchange Bitstamp will halt trading seven major altcoins for US users starting August 29, 2023. The affected coins include Axie Infinity (AXS), Chiliz (CHZ), Decentraland (MANA), Polygon (MATIC), Near (NEAR), Sandbox (SAND), and Solana (SOL). Despite the trading suspension, Bitstamp clarified that customers can still hold and withdraw these assets from their accounts. […]
US Federal Reserve Launches FedNow Service
The United States Federal Reserve has formally launched its much anticipated FedNow payment service. The Federal Reserve has hailed the FedNow service as one that will enable Americans to send and receive payments instantaneously and around-the-clock, 24 hours a day. The FedNow service’s role in modernizing the American payment system is proof of the apex […]
RFK Jr. to Stabilize US dollar with Bitcoin if Elected President
Robert F. Kennedy Jr. (RFK Jr.), the Democratic presidential candidate, has pledged to progressively support the United States dollar with Bitcoin if elected president. Kennedy stated on July 19 at a Heal-the-Divide PAC event that underpinning the U.S. dollar with “hard currency,” such as gold, silver, platinum, or Bitcoin, could help to stabilize the American […]
Coinbase Suspends Staking Services in Four US States
The US-based cryptocurrency exchange Coinbase has said it will temporarily bar consumers from staking new assets in four jurisdictions. Users in California, New Jersey, South Carolina , and Wisconsin will be able to access specific staking services further notice, according to a blog post published by Coinbase on July 14. Regulatory agencies in 10 U.S. […]