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PayPal's recent launch of its own U.S. dollar-backed stablecoin, PayPal USD (PYUSD), marks a pivotal moment for cryptocurrency going mainstream. The move by this prominent payments company taps into an expansive existing financial infrastructure and large customer base, while also embracing future digital payment rails. But is
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At the G20 leaders' summit hosted by India on September 9-10, 2023, the agenda is focused on reviving strong, sustainable, balanced and inclusive economic growth globally. This comes at a challenging time amid the lingering impacts of COVID-19, war, sanctions, inflation and climate change threatening development momentum. However, under
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Have you checked your credit score recently? If it's lagging in the low 600s, you may be missing out on lower interest rates and better loan options. According to Ted Rossman, senior industry analyst at Bankrate, once your score reaches the mid-700s, you've hit the credit
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Last week, the fintech affiliate of Chinese internet conglomerate Alibaba made waves by unveiling ZAN, a new blockchain service aimed at gaining traction in Hong Kong, Singapore, and other overseas markets. This surprising move comes despite China's controversial ban on cryptocurrency transactions last year. The launch highlights Ant
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On a bustling Singapore side street, the old and new economies converged unexpectedly last week. In a sleek fintech office, crypto investors met with private lenders to broker einmal deals through tokenized interfaces. Controlled experiments are underway - but a project called Helix aims to productize such crypto-enabled credit opportunities
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On the outskirts of Austin last week, the mechanical grind of warehouses filled with computers echoed across the Texas plain. Inside, miners assembled racks of specialized hardware to solve complex math sustaining the Bitcoin network. While BTC prices fluctuated, these prospectors steadily extracted new crypto rewards. Their unwavering resolve speaks
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The winds shifted subtly across Wall Street last week, as optimism grew that the long-elusive Bitcoin ETF may soon materialize. Grayscale, whose GBTC Bitcoin trust plunged 24% that Monday, found its fortune reversing after a critical legal win. As GBTC’s discount narrowed, speculation swirled - had Grayscale’s battle
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It was a quiet morning in Sydney, but darkness loomed over a fintech firm charging ahead with a controversial crypto loan launch despite legal threats from Australian regulators. Block Earner, an Aussie startup already embattled with authorities over past products, is unveiling Bitcoin-collateralized cash loans this month. The move defies
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The collapse of major industry players like FTX has cast doubt on the future of crypto lending. Companies offering loans backed by digital assets now confront intensified scrutiny from wary regulators. Two Australian firms aiming to launch Bitcoin-collateralized loans this month find themselves on the frontlines of this brewing battle.
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Last week, Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini Trust Co., sat down with federal investigators to discuss allegations of fraud he has made against one of the most powerful players in the crypto industry - Barry Silbert and the Digital Currency Group (DCG). This bombshell development signals an
Finance
Garden City, NY, Sep 7, 2023, Zeebu, the innovative blockchain-based settlement platform for the telecom carrier industry, has successfully raised $25 million in a presale funding round, surpassing its hard cap target of $15 million. The round saw participation from several strategic investors, including Bankai Ventures. The market’s enthusiasm