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Trump-Backed USD1 Stablecoin Chosen to Back MGX’s $2 Billion Binance Stake Deal: Report
Eric Trump has reportedly announced that the USD1 stablecoin has been picked as the mode of payment for MGX’s purchase of a minority stake in Binance. The announcement was made at the ongoing Token2049 event in Dubai on Thursday, May 1.
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Visa Partners Stripe-Owned Bridge to Launch Stablecoin Payment Cards: Details
Visa has partnered with Bridge to let developers build on its platform offer stablecoin-linked Visa cards to their users. Both companies shared official announcements on the development on April 30. They said that the main aim of this deal is to introduce stablecoins as legitimate payment options for day-to-day purchases.
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Bitcoin Trades Close to $95,000, Majority Altcoins See Price Reduction as Market Consolidates
The overall crypto market cap clocked a loss of 0.26 percent in the last 24 hours. While Bitcoin saw a minor loss, Ether logged a small gain on Thursday, May 1. The majority of altcoins reflected price dips influenced by unfavourable US economic indicators. Analysts do, however, believe that the market sentiment is optimistic.
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Coinbase, Animoca Brands Announce Web3 Accelerator Initiative in the UK
Coinbase, Animoca Brands, Fabric Ventures, and Founders Factory have announced an accelerator initiative in the UK, focused on Web3 projects. Alongside the cash reward, the initiative also offers 16 weeks of industry experience from Founders Factory, a startup accelerator firm based in London, UK.
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Abu Dhabi’s ADQ, FAB and IHC Announce Plans for Dirham-Backed Stablecoin
Abu Dhabi’s ADQ sovereign wealth fund, the First Abu Dhabi Bank (FAB), and investment firm IHC have planned to launch a Dirham-backed stablecoin. The token will be supported on the ADI blockchain, developed by an Abu Dhabi-based non-profit firm called the ADI Foundation.
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Mastercard Partners OKX, Nuvei to Launch Payment Ecosystem for Stablecoins
Mastercard has announced it will launch a a payment ecosystem allowing buyers and merchants to facilitate stablecoins transactions. In an official announcement released on April 28, Mastercard claimed that this system would be effective globally, covering over 150 million merchant locations.
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Bitget, Avalanche Announce Partnership to Boost Web3 Adoption in India
Bitget and Avalanche have joined forces to contribute to India’s web3 infrastructure. As part of the partnership, the companies plan on initiating awareness campaigns and educational workshops on crypto safety and blockchain exploration throughout the year as part of the “HODL ON” tours.
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South Asian Crypto Investors are Cautious, Demand Advanced Crypto Awareness, Survey Shows
In its “Asia Crypto Security” report, Binance highlighted some crucial patterns observed in the Asian crypto market. Its report has highlighted that the demand for advanced security measures is intensifying in Asia’s crypto markets – where investors are cautious and frequent in their engagements with volatile crypto assets.
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Bitcoin Price Rises Past $94,000 as Whales, Institutions Continue Aggressive Acquisition
The overall crypto market cap rose by 0.21 percent in the last 24 hours. While BTC logged minor gains, ETH settled with small losses. The movement of the altcoins indicate at prevailing volatility, however, analysts say the market sentiment is bullish.
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FIU-IND Reportedly Sets June 30 Deadline for Crypto Exchanges to Redo KYC Verification
The Financial Intelligence Unit of India (FIU-IND) has instructed all crypto exchanges to re-verify the KYC data of their users before June 30. The aim of this step is to maintain accurate details of crypto holders, while also identifying those flouting national crypto tax laws.
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Crypto Price Today: Bitcoin Price Hovers Around $93,000 as Altcoins Face Market Volatility
The overall crypto market valuation rose by 0.92 percent over the last day. While Bitcoin saw profits on Friday, Apri 25, Ether was struck with losses amid volatile market. Ripple, Dogecoin, and Tron logged price dips. Whereas Cardano, Leo, and Solana registered small gains.
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Russia to Establish Experimental Crypto Exchange for 'Highly Qualified Investors': Report
The Central Bank of Russia has proposed a project to test crypto activities under an experimental legal regime (ELR) owing to the volatility and risks associated with cryptocurrencies. Earlier in March, it proposed to conduct these crypto transaction trials with “highly qualified investors”.
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PayPal Rewards Programme for PYUSD Stablecoin Holders Launched in Bid to Boost Adoption
PayPal will start offering rewards to the holders of its PYUSD stablecoin to boost its adoption and uses. Talking about the development, PayPal CEO said that the company aims to enable its customers to experience the utility scope of stablecoins.
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Bitcoin Reportedly Overtakes Google, Amazon, Meta to Become Fifth-Largest Asset by Market Cap
Bitcoin’s market cap rose to $1.86 trillion (roughly Rs. 1,58,87,400 crore) on Wednesday, April 23. With this, Bitcoin became the fifth largest asset by market cap. At present, Google’s valuation stands at $1.859 trillion (roughly Rs. 1,58,80,690 crore), which is marginally lower than Bitcoin’s.
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Malaysia's Prime Minister Meets Binance Founder Changpeng Zhao to Discuss Web3, Blockchain Strategy
Malaysian Prime Minister Anwar Ibrahim met with Binance co-founder Changpeng Zhao on April 22. In his tweet, the Malaysian PM wrote that it is clear that government leadership is essential in driving blockchain adoption.
-
Trump-Backed USD1 Stablecoin Chosen to Back MGX’s $2 Billion Binance Stake Deal: Report
Eric Trump has reportedly announced that the USD1 stablecoin has been picked as the mode of payment for MGX’s purchase of a minority stake in Binance. The announcement was made at the ongoing Token2049 event in Dubai on Thursday, May 1.
-
Visa Partners Stripe-Owned Bridge to Launch Stablecoin Payment Cards: Details
Visa has partnered with Bridge to let developers build on its platform offer stablecoin-linked Visa cards to their users. Both companies shared official announcements on the development on April 30. They said that the main aim of this deal is to introduce stablecoins as legitimate payment options for day-to-day purchases.
-
Bitcoin Trades Close to $95,000, Majority Altcoins See Price Reduction as Market Consolidates
The overall crypto market cap clocked a loss of 0.26 percent in the last 24 hours. While Bitcoin saw a minor loss, Ether logged a small gain on Thursday, May 1. The majority of altcoins reflected price dips influenced by unfavourable US economic indicators. Analysts do, however, believe that the market sentiment is optimistic.
-
Coinbase, Animoca Brands Announce Web3 Accelerator Initiative in the UK
Coinbase, Animoca Brands, Fabric Ventures, and Founders Factory have announced an accelerator initiative in the UK, focused on Web3 projects. Alongside the cash reward, the initiative also offers 16 weeks of industry experience from Founders Factory, a startup accelerator firm based in London, UK.
-
Abu Dhabi’s ADQ, FAB and IHC Announce Plans for Dirham-Backed Stablecoin
Abu Dhabi’s ADQ sovereign wealth fund, the First Abu Dhabi Bank (FAB), and investment firm IHC have planned to launch a Dirham-backed stablecoin. The token will be supported on the ADI blockchain, developed by an Abu Dhabi-based non-profit firm called the ADI Foundation.
-
Mastercard Partners OKX, Nuvei to Launch Payment Ecosystem for Stablecoins
Mastercard has announced it will launch a a payment ecosystem allowing buyers and merchants to facilitate stablecoins transactions. In an official announcement released on April 28, Mastercard claimed that this system would be effective globally, covering over 150 million merchant locations.
-
Bitget, Avalanche Announce Partnership to Boost Web3 Adoption in India
Bitget and Avalanche have joined forces to contribute to India’s web3 infrastructure. As part of the partnership, the companies plan on initiating awareness campaigns and educational workshops on crypto safety and blockchain exploration throughout the year as part of the “HODL ON” tours.
-
South Asian Crypto Investors are Cautious, Demand Advanced Crypto Awareness, Survey Shows
In its “Asia Crypto Security” report, Binance highlighted some crucial patterns observed in the Asian crypto market. Its report has highlighted that the demand for advanced security measures is intensifying in Asia’s crypto markets – where investors are cautious and frequent in their engagements with volatile crypto assets.
-
Bitcoin Price Rises Past $94,000 as Whales, Institutions Continue Aggressive Acquisition
The overall crypto market cap rose by 0.21 percent in the last 24 hours. While BTC logged minor gains, ETH settled with small losses. The movement of the altcoins indicate at prevailing volatility, however, analysts say the market sentiment is bullish.
-
FIU-IND Reportedly Sets June 30 Deadline for Crypto Exchanges to Redo KYC Verification
The Financial Intelligence Unit of India (FIU-IND) has instructed all crypto exchanges to re-verify the KYC data of their users before June 30. The aim of this step is to maintain accurate details of crypto holders, while also identifying those flouting national crypto tax laws.
-
Crypto Price Today: Bitcoin Price Hovers Around $93,000 as Altcoins Face Market Volatility
The overall crypto market valuation rose by 0.92 percent over the last day. While Bitcoin saw profits on Friday, Apri 25, Ether was struck with losses amid volatile market. Ripple, Dogecoin, and Tron logged price dips. Whereas Cardano, Leo, and Solana registered small gains.
-
Russia to Establish Experimental Crypto Exchange for 'Highly Qualified Investors': Report
The Central Bank of Russia has proposed a project to test crypto activities under an experimental legal regime (ELR) owing to the volatility and risks associated with cryptocurrencies. Earlier in March, it proposed to conduct these crypto transaction trials with “highly qualified investors”.
-
PayPal Rewards Programme for PYUSD Stablecoin Holders Launched in Bid to Boost Adoption
PayPal will start offering rewards to the holders of its PYUSD stablecoin to boost its adoption and uses. Talking about the development, PayPal CEO said that the company aims to enable its customers to experience the utility scope of stablecoins.
-
Bitcoin Reportedly Overtakes Google, Amazon, Meta to Become Fifth-Largest Asset by Market Cap
Bitcoin’s market cap rose to $1.86 trillion (roughly Rs. 1,58,87,400 crore) on Wednesday, April 23. With this, Bitcoin became the fifth largest asset by market cap. At present, Google’s valuation stands at $1.859 trillion (roughly Rs. 1,58,80,690 crore), which is marginally lower than Bitcoin’s.
-
Malaysia's Prime Minister Meets Binance Founder Changpeng Zhao to Discuss Web3, Blockchain Strategy
Malaysian Prime Minister Anwar Ibrahim met with Binance co-founder Changpeng Zhao on April 22. In his tweet, the Malaysian PM wrote that it is clear that government leadership is essential in driving blockchain adoption.
