Business

30 April

SEC Drops Investigation Into PayPal’s Dollar-Pegged Stablecoin

In a significant development for the crypto and fintech sectors, the U.S. Securities and Exchange Commission (SEC) has officially dropped its investigation into PayPal’s proposed dollar-pegged stablecoin. This marks a major milestone for PayPal’s entry into the digital asset space, clearing the way for the company to move forward with its stablecoin project without the looming uncertainty of regulatory scrutiny. …

30 April

US Senate Set to Vote on Stablecoin Law Before Memorial Day, Report Reveals

The U.S. Senate is reportedly preparing for a critical vote on a comprehensive stablecoin regulation law before the upcoming Memorial Day holiday, signaling a significant step toward clarity in the digital asset regulatory landscape. According to sources familiar with the matter, lawmakers are racing to finalize the details of the bill, which could set the framework for how stablecoins—cryptocurrencies pegged …

30 April

Trump’s Truth+ Eyes Crypto Wallet and Token Integration: Report

In a bold move to expand its digital footprint, Trump’s social media platform, Truth+, is reportedly considering the addition of a crypto wallet and token to its offerings. This potential shift would mark a significant step into the growing intersection of cryptocurrency and social media, positioning Truth+ to tap into the rapidly evolving digital economy. According to reports, the platform …

30 April

El Salvador Pushes Ahead with Bitcoin Accumulation Amid IMF Loan Agreement

El Salvador continues to strengthen its commitment to Bitcoin, with the country’s government reaffirming its strategy to accumulate the cryptocurrency despite reaching an agreement for a loan with the International Monetary Fund (IMF). In a recent statement, El Salvador’s Economy Minister, Alejandro Zelaya, emphasized that the government’s plans to add more Bitcoin to its reserves remain unchanged, even in the …

30 April

UK Targets Crypto Scams With New Rules, Proposes US Sandbox Alliance

The UK government has unveiled a draft regulatory framework aimed at combating cryptocurrency-related scams and enhancing oversight of the digital asset industry. The proposal, released this week, signals a significant step toward tighter regulation as the country positions itself as a global hub for financial innovation with robust consumer protections. The new rules would require crypto firms operating in the …

30 April

Bunq Launches Crypto Trading in Six Countries, Eyes EU Expansion

Bunq, the Dutch neobank known for its innovative approach to digital banking, has officially launched crypto trading services across six European nations, signaling a major step in its expansion into the world of digital assets. With the new service, customers in the Netherlands, Germany, France, Spain, Italy, and Austria can now buy, sell, and hold cryptocurrencies directly through the Bunq …

29 April

Melania Meme Coin Faces Backlash: $1.5M Token Sale Follows 21% Price Surge

The Melania Meme Coin, a cryptocurrency inspired by former First Lady Melania Trump, is facing growing scrutiny after its development team sold $1.5 million worth of tokens, just days after a significant 21% price surge. The sale, which has sparked concerns about potential market manipulation and insider trading, has left investors questioning the long-term stability of the project. The token, …

29 April

Abu Dhabi Steps Into Crypto with Ambitious Stablecoin Project

Abu Dhabi is making a bold move into the world of cryptocurrency with the launch of an ambitious stablecoin project. Led by the city’s financial giants, the initiative aims to position the UAE capital as a key player in the growing digital asset space, blending traditional finance with cutting-edge blockchain technology. The new stablecoin project seeks to bridge the gap …

29 April

Next Week’s Big Event: House Financial Services Committee to Discuss Digital Asset Innovation

The U.S. House Financial Services Committee is set to hold an important hearing next week focused on digital asset innovation. The hearing is expected to address a range of topics surrounding cryptocurrencies, blockchain technology, and the future of digital finance. As the digital asset space continues to grow, lawmakers are looking to better understand how to foster innovation while ensuring …

29 April

Coinbase Unveils Bitcoin Yield Fund with $1B Target and Promising 4%-8% Yield

Coinbase, one of the largest and most well-known cryptocurrency exchanges, has announced the launch of its new Bitcoin Yield Fund, targeting inflows of up to $1 billion. The fund is designed to offer investors a steady return on their Bitcoin holdings, with a projected yield ranging from 4% to 8%, depending on market conditions. This move comes as part of …