Binance, the world’s leading crypto exchange, has announced the launch of a new crypto-to-bank payment platform, Send Cash, in nine countries in Latin America. The platform will allow users to transfer their digital assets via Binance Pay and receive fiat currency with an equivalent value of their digital assets directly into their bank accounts. The […]
The Ad Hoc Group of Genesis Global Capital (GGC) lenders have responded to a public bankruptcy plan update, calling the reached in-principle agreement “wholly insufficient”. The agreement was reached between the Digital Currency Group (DCG) and the unsecured creditors (UCC) and debtors, proposing USD equivalent recoveries of 70%–90%. The Ad Hoc Group argued that the […]
Coinbase’s stock experienced a significant surge on Aug. 29 after reports emerged that a federal judge had ruled in favor of Grayscale in their SEC legal dispute. In the final moments of the trading session on Tuesday, Aug.29, the value of COIN stood at $85.13 per share, marking an increase of over 15% over the […]
Circle, the issuer of USDC, is partnering with Mercado Libre, a Latin American e-commerce platform with over 200 million users. This collaboration will allow users of Mercado Pago, the fintech service of Mercado Libre, to make payments using USDC in key markets, starting with Chile. Over two million Chileans are already Mercado Pago users.The partnership […]
HashKey Exchange and imToken have announced a strategic partnership to promote crypto adoption in the retail market. The collaboration will combine the strengths of Web2 and Web3 to offer secure asset management for customers. HashKey will provide a trusted and compliant trading platform for imToken users, while imToken will become the exchange’s official non-custodial wallet […]
Tether, the issuer of the prominent stablecoin USDT, has taken a strategic step by partnering with Britannia Bank & Trust, a private financial institution based in the Bahamas. This move is intended to enhance Tether’s dollar transfer processes, and the partnership has been underway for the past few months.The cryptocurrency and financial sectors are awaiting […]
Tether, the issuer of the world’s largest stablecoin, has reportedly found a new banking partner in the Bahamas-based Britannia Financial Group. The USDT issuer has been leaning on Britannia Bank & Trust to process its US Dollar transfers after several traditional financial institutions cut ties with the crypto industry.Citing people familiar with the matter, Bloomberg […]
BlockFi, a cryptocurrency lender, has filed a proposed court order to convert certain client assets into withdrawable funds as part of its ongoing bankruptcy proceedings. The assets, which comprise less than half a percent of all client funds, include Algorand, Bitcoin Cash, and Dogecoin. The proposed order would allow a one-time conversion of the assets […]
Binance is launching a new solution in Latin America called Send Cash, designed to facilitate more efficient crypto to local bank transfers. This advancement comes after Binance’s decision to discontinue its crypto card services in the same region, which reportedly affected less than 1% of its users. Send Cash will enable users to leverage Binance […]
Tether, the issuer of the world’s largest stablecoin, has reportedly found a new banking partner in the Bahamas-based Britannia Financial Group. The USDT issuer has been leaning on Britannia Bank & Trust to process its US Dollar transfers after several traditional financial institutions cut ties with the crypto industry.Citing people familiar with the matter, Bloomberg […]
