Pakistan partners with Donald Trump’s family’s crypto venture; World Liberty Financial to investigate stablecoin options.
New Partnership Between Trump’s Family and Pakistan World Liberty Financial, a cryptocurrency venture linked to Donald Trump’s family, has formalized an agreement with Pakistan. This announcement comes amidst a slight thaw in Pakistan-US relations. The partnership aims to explore the application of World Liberty’s stablecoin for cross-border transactions. As noted by Reuters, this is one […]
Crypto Supporters Regain Focus on Stablecoin Rewards as Important Senate Vote Approaches
Simply put Stablecoin rewards have become a significant topic in the Cryptocurrency Market Structure Bill. A lobbyist pointed out that yield-like payments remain an unresolved issue. They mentioned receiving assurances of “equality” from legislators. The discussion on stablecoin rewards intensified during a Senate Banking Committee meeting. An important vote on the Cryptocurrency Market Structure Bill […]
Visa Starts US Stablecoin Transactions Using USDC on Solana
Simply put Visa is set to allow its U.S. partners to settle transactions using stablecoins, beginning with Solana’s USDC. This initiative follows a global pilot program initiated in 2023. The monthly issuance of stablecoins has surpassed an annual run rate of $3.5 billion. Visa is expanding its stablecoin services to include settlements in the U.S. […]
Why Juventus is holding off on a $1 billion buyout by a stablecoin firm despite challenges
Juventus and Its Deep Ties to the Agnelli Family Every season, Juventus kicks off by venturing about an hour from Turin to a picturesque village nestled at the base of the French Alps. Villar Perosa is more than just a retreat; it’s the beloved summer haven for the Agnelli family. Since 1959, players have walked […]
YouTube Allows US Creators to Receive Payments in PayPal’s Stablecoin
Simply put Creators in the US can now receive payments from YouTube in PYUSD, the stablecoin from PayPal, according to a report by Fortune. Experts mentioned that tech giants typically adopt new payment methods only when their processes are well-established and efficient. This change follows the signing of the GENIUS Act by President Trump, which […]
Crypto leader Do Kwon receives 15-year prison sentence for $40 billion stablecoin scam
Do Kwon Sentenced to 15 Years in Prison for Crypto Fraud Former cryptocurrency entrepreneur Do Kwon received a 15-year prison sentence on Thursday after his cryptocurrency scheme unraveled, leading to a staggering $40 billion collapse. Victims shared how the 34-year-old financial technology expert exploited their trust, giving them a false sense of security regarding their […]
Crypto entrepreneur Do Kwon faces sentencing for deceiving investors who lost billions in a stablecoin collapse.
Do Kwon to Be Sentenced for Misleading Investors NEW YORK – Do Kwon, the crypto figure involved in a major collapse in 2022, is set to be sentenced Thursday for deceiving investors, leading to massive losses in his cryptocurrency ecosystem. Kwon, often referred to as the “cryptocurrency king,” pleaded guilty after being indicted in federal […]
The Rapid Growth of Stablecoin Adoption and What Comes Next for This Thriving Area
Stablecoin Landscape Shifting Rapidly In recent years, the stablecoin market has largely revolved around two main players: Tether’s USDT and Circle’s USDC. Most of the trading action seems concentrated in this limited arena. Joe Lau, co-founder and president of Alchemy, shared some insights in a conversation with CoinDesk, hinting that the future might look quite […]
IMF Cautions That Stablecoin Use May Undermine Central Bank Authority
Simply put The International Monetary Fund (IMF) has indicated that stablecoins might make monetary policy less effective in certain nations. The organization highlighted stablecoins’ capability to “penetrate the economy.” Currently, most stablecoins are linked to the US dollar. The IMF acknowledges that while stablecoins can broaden access to financial services for individuals, this might ultimately […]
Large banks testing stablecoin and cryptocurrency trading initiatives with Coinbase, according to Armstrong.
Coinbase Collaborates with Major U.S. Banks During his appearance at the New York Times Dealbook Summit, CEO Brian Armstrong announced that prominent U.S. banks are collaborating with Coinbase on initial projects related to stablecoins, cryptocurrency custody, and the trading of digital assets. While he refrained from naming any specific banks, Armstrong cautioned that those institutions […]