Blockchain News Archives - Page 34 of 34

Mastercard Expands Stablecoin Payment Support, Partners With OKX to Launch Crypto Card

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Payments giant Mastercard unveiled a “360-degree” approach that allows 150 million merchants across its network to receive payments in stablecoins. The stablecoin settlement support comes amid increasing global regulatory clarity on digital assets, particularly stablecoins. Mastercard announced its partnership with payments processor Nuvei and stablecoin issuers Circle and Paxos to enable a seamless payment ecosystem. […]

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Abu Dhabi’s Financial Titans Step Up Crypto Push With Stablecoin Project

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Abu Dhabi is stepping up its ambitions in the digital asset space, with three of its largest institutions joining forces to launch a new dirham-backed stablecoin. Sovereign wealth fund ADQ, conglomerate International Holding Company (IHC) and First Abu Dhabi Bank (FAB) announced on Monday that they are developing a digital token that will be subject

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South Korea’s PPP Pledges to Ditch Crypto Exchange Banking Rules if Elected

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The South Korean People Power Party (PPP) has claimed that it will abolish the country’s controversial crypto exchange banking law if its candidate wins June’s Presidential Elections. The South Korean media outlet EDaily reported that the party has promised to do away with a law that requires domestic banks to form exclusive partnership deals with

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House Financial Services Committee Sets Digital Asset Innovation Hearing For Next Week

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The United States House Committee on Financial Services is slated to host a hearing focused on digital asset innovation next Tuesday, according to the committee’s schedule listed on its website. Digital Assets On HFSC Docket Titled “American Innovation and the Future of Digital Assets: A Blueprint for the 21st Century,” the hearing is expected to

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Coinbase Bitcoin Yield Fund Targets 4%-8% Yield, Eyes B Inflows

Coinbase Bitcoin Yield Fund Targets 4%-8% Yield, Eyes $1B Inflows

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Key Takeaways: Coinbase’s new Bitcoin Yield Fund offers annual BTC returns for non-U.S. institutions, filling the yield gap for Bitcoin holders. The fund uses conservative basis trading strategies and third-party custody to minimize risk, targeting cautious institutional investors. This launch is part of the growing demand for compliant, low-risk Bitcoin yield products as institutional adoption

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Caitlin Long Slams Fed’s Secret Rule Giving Big Banks a Stablecoin Edge

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Key Takeaways: Banks are still banned from holding crypto, stifling blockchain adoption. Senator Lummis links the US Fed to Operation Chokepoint 2.0 crackdown. Caitlin Long, CEO of Custodia Bank, accused the US Federal Reserve of pretending to support crypto while quietly favoring big banks. The banking executive said the Fed rescinded four restrictive policies but

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Coinbase CLO Urges to Rescind Prohibition on SEC Staff Holding Crypto

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Paul Grewal, chief legal officer for Coinbase, has urged to rescind prohibition of SEC employees from holding or using cryptocurrencies. He called the prohibition “particularly egregious” as the vast majority of crypto activity does not involve securities. In a letter to the acting director of the US Office of Government Ethics (OGE), Grewal stressed that

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Bitget Pursues Legal Action Against Eight Accounts Over M VOXEL Trading Manipulation

Bitget Pursues Legal Action Against Eight Accounts Over $20M VOXEL Trading Manipulation

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Crypto exchange Bitget has launched legal action against eight accounts it accuses of manipulating VOXEL token trading and profiting over $20m during a sudden market surge on April 20. The company’s head of Asia, Jiayin Xie, said on X that legal letters had been sent to the accounts, which it believes were operated by a

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Russian Governor Says Gas Solution May Solve Region’s Bitcoin Mining Woes

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A Russian provincial governor has claimed that associated gas produced at oil drilling sites could provide a solution to ongoing Bitcoin mining-related concerns. Earlier this month, the BTC mining hotspot of Irkutsk unveiled the nation’s first-ever year-round ban on crypto mining in the southern part of the oblast. This move came just months after Moscow

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