Stablecoin issuer Tether has established a banking relationship with Britannia Bank & Trust, a privately-held bank located in the Bahamas, to facilitate dollar transfers, according to unnamed sources cited by Bloomberg.Although it remains unclear exactly when the new banking relationship started, Tether has allegedly instructed clients to send funds to…

A report from the United Nations Human Rights Office revealed that “hundreds of thousands of people” across Southeast Asian countries are being “forced” by organized criminal gangs to engage in online scams including cryptocurrency frauds and illegal gambling schemes.The report indicates that a majority of people trafficked into online scam…

The XRP price has risen to $0.529853 today, representing a 3% gain in 24 hours as the cryptocurrency market benefits from Grayscale’s successful appeal against the SEC.XRP is now up by 1.5% in the past week, yet the altcoin remains down by 25% in the last 30 days, following a…

In a stunning display, DEX token PigLido has skyrocketed a mind-blowing +30,000% in just 24-hours, and with a second-leg seemingly underway – how high could this moon-shot go?PigLido token appears to be a spin-off of PigLido (PIGO) – a brand new Web3 ecosystem aiming to simplify access for users in…

Binance, the largest cryptocurrency exchange has removed Banco de Venezuela as a payment option from its peer-to-peer services in the country.Although no official statement has been issued by Binance, the move comes on the back of international sanctions from the United States Treasury Department.Crypto users in the country have confirmed…

Amidst a dynamic landscape in the cryptocurrency realm, Bitcoin’s price has taken center stage. Currently trading at $27,452, reflecting a notable 5.5% increase on Wednesday, Bitcoin’s trajectory continues to capture attention. This analysis delves into the recent legal victory achieved by Grayscale in the Bitcoin ETF Conversion Lawsuit and the impressive second-quarter…

Chinese firms and commercial banks are working on new digital yuan supply chain financing solutions, with a new CBDC smart contract solution set to launch.Per CICC (via Cnfol), the latest innovation has been developed by JD Technology, in conjunction with the Industrial and Commercial Bank of China (ICBC).JD Technology is…

US Congressman Warren Davidson of Ohio has called for the removal of Gary Gensler as  Securities and Exchange Commission (SEC) chair following the Grayscale ruling on Tuesday. Reacting to the ruling on Grayscale lawsuit, Congressman Davidson wrote that Grayscale’s victory provides more evidence that Gary Gensler’s actions at the SEC are…

On August 29, the team behind decentralized Bitcoin infrastructure provider Interlay unveiled the Minimum Viable Product (MVP) of its BOB (“Build on Bitcoin”) solution, a new Bitcoin layer 2 network.As a hub for innovation and decentralized application development, BOB integrates Rust smart contracts compatible with Bitcoin libraries like Lightning and…

Crypto-friendly Swiss-based SEBA Bank has successfully obtained an approval-in-principle (AIP) from the Securities and Futures Commission (SFC) in Hong Kong, bringing it one step closer to offering crypto services in the region.The AIP signals a pivotal moment for SEBA Hong Kong, the bank’s regional subsidiary, as it paves the way…