MAS outlined plans allowing Paxos and StraitsX subsidiaries to issue regulated stablecoins, but they must settle on private “orchid compatible ledgers”, revealing a tightly controlled future model.
Mastercard’s Ashok Venkateswaran said getting consumers comfortable with central bank digital currencies is difficult when paper money works, slowing mainstream CBDC uptake.
Amy Peck argues that instead of using Web3 for NFT cash grabs, builders should create blockchain solutions for widespread benefit and focus on identity, data ownership, and transparency.
BlackRock filed for an Ether spot ETF, indicating a broader crypto push beyond its previous Bitcoin ETF filing. The ETF would hold Ether instead of derivatives, amid optimism after a court victory for spot Bitcoin ETFs.
Paxos received approval from Singapore’s central bank to offer a new USD-pegged stablecoin in the city-state.
Sei blockchain announces investment from Circle to bring USDC stablecoin onto its network, expanding DeFi capabilities.
JPMorgan expects its JPM Coin to process up to $10 billion in daily transactions within a year as the adoption of the bank’s blockchain payments network grows.
Cryptocurrency exchange CEX.io has relisted XRP after removing the token 2 years ago amid the SEC lawsuit against Ripple. The relisting comes after Ripple scored a partial legal victory in July, with the judge ruling that XRP is not a security.
The Manny Pacquiao Foundation will use the Shiba Inu ecosystem’s layer 2 blockchain Shibarium for fundraising and operations to scale its charitable work providing housing, healthcare, and disaster relief.
The AI-powered Satoshi Bot has attracted over 50,000 users in just one month, underlining its unmatched performance and becoming the top platform for crypto traders.
