Tether to launch GBPT stablecoin pegged to British pound sterling
Tether expects to be part of industry innovation in the United Kingdom as the country is planning to adopt stablecoins as a means of payment. Go to Source Powered by WPeMatico
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Tether aims to decrease commercial paper backing of USDT to zero
Tether expects to reduce USDT’s commercial paper backing to $8.4 billion by the end of June 2022 and eventually completely remove it. Go to Source Powered by WPeMatico
Bitcoin ecosystem makes a U-turn recovery in global ATM installations
Halfway through 2022, the BTC ATM installation numbers dropped 89.75% by May, followed by a swift recovery in June. Go to Source Powered by WPeMatico
Bitcoin gains superior to stocks in the long term, economist says
Crypto is more volatile than stocks and thus is associated with higher risks, but it also offers better return opportunities, industry executives agree. Go to Source Powered by WPeMatico
Ukraine bans Bitcoin purchases with local currency amid martial law
Ukrainians are now allowed to buy Bitcoin only with foreign currency with a monthly cap of $3,300. Go to Source Powered by WPeMatico
Fitting the bill: US Congress eyes e-cash as an alternative to CBDC
From fiat banknotes to fractional reserve banking, the notion of what constitutes money in the U.S. has changed over time. But is the time right for e-cash? Go to Source Powered by WPeMatico
New crypto card by Nexo allows users to pay without selling Bitcoin
Nexo has officially launched its cryptocurrency credit card in collaboration with Mastercard after announcing the project back in 2019. Go to Source Powered by WPeMatico
Jamaican central bank to airdrop Jam-Dex CBDC to early adopters
“Jamaica Digital Exchange” — Jamaica’s soon-to-be-released CBDC — will see citizens with crypto wallets receive a $16 deposit to help spread awareness and usage. Go to Source Powered by WPeMatico
Russia to seize retail deposits if sanctions go too far, official warns
Russia’s largest bank, Sberbank, has denied its own supposedly false statement on being included in the U.S. sanctions list on Thursday. Go to Source Powered by WPeMatico
Alchemy Pay gains 77% after exchange listings and cross-chain integrations
A fresh round of exchange listings and a cross-chain launch on the Binance Smart Chain have boosted ACH price by 77%. Go to Source Powered by WPeMatico
