A group of Philippine banks is joining forces to launch a peso-backed stablecoin, PHPX, to enhance cross-border payments and promote financial inclusion. The PHPX token is set to debut between May and July, leveraging decentralized ledger technology (DLT) via the…
Global cryptocurrency exchange Bybit has announced a temporary halt to its trading services in India, citing evolving regulatory developments. The suspension will take effect on January 12 at 8:00 am UTC, affecting several services, including cryptocurrency trading, account openings, and…
FV Bank said it has integrated PayPal USD (PYUSD) for direct deposits and outbound payments, with instant conversion to USD. FV Bank is a fully licensed and regulated US digital bank. It offers a vertically integrated suite of traditional and…
Cube Entertainment, a powerhouse in South Korea’s music industry known for managing globally recognized K-pop artists like Pentagon, finds itself at the center of a scandal as co-CEO Kang Seung-gon faces accusations of misleading investors about the prospects of a…
Tech-savvy scammers have stolen $2.2 million worth of cryptos from New Yorkers in a new job scam. The perpetrators sent text messages claiming to help find remote jobs, asking job-seekers to deposit dollars into crypto accounts. According to New York…
President-elect Donald Trump’s administration intends to appoint around 24 CEOs and founders to his proposed crypto advisory council, according to Bloomberg. The council will likely provide guidance on digital asset policy and work with Congress to draft crypto legislation. It…
The Winklevoss twins-run crypto exchange Gemini is planning to expand in Europe, starting with several key senior hires. Former Kraken CEO Mark Jennings will head the exchange’s European unit, the company said in a press release on Thursday. Heading rival…
Block Inc., a financial services and digital payments company, could become the first S&P 500-listed firm with an explicit Bitcoin strategy, according to Matthew Sigel, VanEck’s head of digital assets research. Sigel shared his analysis on January 9, noting that…
A recent survey by Bitwise reveals a surge in crypto interest among U.S.-based financial advisers following Donald Trump’s presidential election victory. Conducted between November 14 and December 20, the survey polled 430 advisers, with 56% indicating they are more likely…
The Senate Banking Committee is gearing up to announce its first subcommittee dedicated to digital assets, Punchbowl News reported on Thursday. This development follows the Republican takeover of the US Senate last week, after the Nov. 2024 elections. With the…