MEXC has announced a $300 million Ecosystem Development Fund to mark its seventh anniversary, signalling a significant shift in its strategic direction. The announcement made during the Token2049 event in Dubai highlights MEXC’s ambition to evolve from a user-focused trading platform into a foundational force in blockchain infrastructure. The newly ...
Visa has announced a major step forward in digital payments by integrating stablecoins into its network of 150 million merchants worldwide. This move enables customers to use popular stablecoins such as USDC and USDT for everyday purchases, bridging the gap between traditional finance and the fast-growing world of digital assets. ...
Dutch neobank Bunq, the second-largest in the European Union, is making a major move into the crypto market through a new partnership with leading exchange Kraken. Serving over 17 million users across Europe, the fintech firm is launching "Bunq Crypto," a trading platform that will initially debut in six countries: ...
The UK government has unveiled a 27-page draft legislation aimed at bringing cryptocurrency activities under formal financial regulation for the first time. This move seeks to foster innovation while protecting consumers by extending existing financial rules to digital assets like stablecoins, crypto exchanges, and custodial services. The proposed regulations require ...
SoFi Technologies, a leading U.S. fintech company, is making significant strides to re-enter the cryptocurrency market following a pivotal regulatory development. The move comes after SoFi successfully navigated compliance challenges that had previously forced the company to scale back its crypto offerings. SoFi entered the crypto space in 2019, allowing ...
Circle, the issuer of the popular USD-backed stablecoin USDC, has announced a strategic partnership with Onafriq, Africa’s largest payments gateway, to pilot stablecoin-based settlements across the continent. This collaboration aims to significantly reduce the high costs and inefficiencies associated with cross-border payments in Africa. Currently, more than 80% of intra-African ...
The United Arab Emirates (UAE) has officially approved Circle, the issuer of the popular USD Coin (USDC) stablecoin, as a licensed money services provider. This regulatory greenlight comes from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), the UAE’s leading international financial center. Circle’s new license ...
Scammers are targeting Ledger hardware wallet users with a new phishing campaign, sending physical letters that attempt to steal recovery seed phrases and gain control of crypto assets. The scam involves letters sent through the post, which appear to be from Ledger. These letters use Ledger’s official logo, business address, ...
Hyperliquid is set to roll out a revamped fee discount system and a new account linking feature on May 5, 2025, at 03:00 UTC. These updates aim to enhance trading incentives and user flexibility on the platform. The update's core is a tiered fee discount system that rewards users for ...
OSL Group, a publicly traded leader in crypto assets, has launched OSL Pay, a new business division designed to transform cross-border fiat-to-crypto payment systems. OSL Pay aims to provide institutions and retail clients with a high-performance, secure infrastructure for seamless fiat-to-crypto conversions. The platform features personalized onboarding with dedicated account ...
