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Bitcoin is a competitor to gold, not the US dollar, reiterates Fed’s Powell

[Dec 5 1:09 AM] US Federal Reserve Chair Jerome Powell also dismissed the idea that people see Bitcoin as a symbol of a lack of faith in the US dollar.

India Expands Payment Ties With Regional Partners to Strengthen Cross-Border Financial Networks

[Nov 21 3:30 AM] India’s expanding payment ties with nations like UAE and Sri Lanka highlight a push for seamless transactions, paired with cautious central bank digital currency (CBDC) advancements. India’s Growing Regional Payment Ties Signal a New Financial Era…

Stripe in $1.1B Acquisition Deal for Stablecoin Platform Bridge

[Oct 21 1:45 PM] Bridge, which has raised $54 million in funding, previously said it aspired to become the blockchain version of Stripe, operating a global system in which other developers could integrate.

TechCrunch founder says Stripe has acquired Bridge for $1.1B

[Oct 21 3:33 AM] The deal would mark one of crypto’s largest acquisitions, though neither company has publicly confirmed the deal. 

Paypal Expands Crypto Reach: 60 Million Venmo Users Now Linked to Moonpay

[Oct 18 3:30 AM] Venmo’s 60 million users can now fund transactions on the Moonpay platform, thanks to a new integration announced by Paypal. U.S. users can use Venmo balances, linked bank accounts, or cards to buy and sell cryptocurrencies through Moonpay…

Cardano hosts first smart contract legally enforceable in Argentina

[Oct 10 3:55 AM] Cardano is host to the first smart contract where Argentina’s courts have jurisdiction after the country legalized crypto as a payment method in commercial contracts last December.

Russia Pushes for Sustainable BRICS Interbank Networks and Payment Systems

[Sep 24 11:20 AM] Russia is pushing to develop independent interbank networks and payment systems within BRICS to boost the bloc’s financial influence. Moscow aims to expand cross-border settlements and the use of national currencies in BRICS trade, as part of a…

Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

[Sep 16 5:30 AM] The Bank of Russia aims to open the payment infrastructure for the Russian central bank digital currency (CBDC), the digital ruble, by July next year. Larger banks will offer digital ruble accounts and services by this deadline, with smaller…

Swift Unveils Plan to Integrate Digital Assets and Currencies Into Global Payment Network

[Sep 15 12:30 AM] Swift has unveiled a plan to enable the movement of digital assets and currencies on its global payment network. The initiative aims to integrate regulated digital currencies into Swift’s platform, building on past experiments. “We’re…

Singapore Investigating Seven People for Providing Worldcoin Services

[Sep 11 8:00 AM] Singapore is investigating seven "subjects" for offering services of buying or selling of Worldcoin accounts and tokens which is an offence, a written reply in parliament by the government revealed on Tuesday.

Bilateral Settlement Between China and Russia Worsens Due to New Sanctions

[Sep 2 11:30 AM] The payment flow between China and Russia is being disrupted once again due to the enactment of a new package of sanctions that includes 46 Chinese companies allegedly assisting the Russian war effort. This has affected imports of dual-use…

Dubai Court Recognizes Cryptocurrency for Salary Payments

[Aug 17 12:30 AM] In a landmark decision, the Dubai Court of First Instance has recognized the payment of salaries in cryptocurrency under employment contracts, marking a significant shift in the United Arab Emirates (UAE)’s legal approach to digital…

BRICS Advances Toward Independent Digital Payment Platform, Russian Official Says

[Aug 3 10:16 PM] The BRICS economic bloc is progressing towards a digital payment platform, Russia’s Federation Council Speaker Valentina Matviyenko has revealed. The initiative, named BRICS Bridge, aims to establish an independent financial system. This…

Price Cuts at Blockchain Platform Alchemy Reveal Persistence of Crypto Winter

[Sep 13, 2023 8:00 AM] The plan, “Alchemy Scale Tier,” will consist of two options that let developers choose how much they want to commit to the platform, both financially and computationally.

Paypal Offers More Crypto Payment Options for Web3 Merchants in US

[Sep 13, 2023 5:30 AM] Payment processor Paypal announced it’s introducing on- and off-ramps to facilitate crypto payments for Web3 platforms. Once integrated, merchants in the sector will be able to employ them to expand their user base by connecting to…

The Bitcoin Circular Economy Battles Entrenched Mindsets in El Salvador

[Aug 28, 2023 8:28 AM] In his third weekly dispatch from El Salvador, Jonathan Martin meets two Bitcoin entrepreneurs working to improve financial inclusion.

Patreon, Platform for Creators, Disables Payouts After ‘Issue’ With Payoneer System

[Aug 3, 2023 10:00 AM] The issue was first identified on Aug. 2. Crypto developers monitor payments glitches on major platforms partly because a key premise of the blockchain industry is to build infrastructure that improves on the current options.

Australia's Crypto Industry Body Denounces Recent Banking Restrictions

[Jun 14, 2023 4:20 AM] Blockchain Australia said it wants to tackle the issue "head-on by using real data," after reports that banks in the country were blocking payments to crypto exchanges.

Binance Pay sees growing interest in Africa, South Asia and Independent States

[May 25, 2023 4:38 AM] Three major markets are adopting Binance Pay as a means to make cryptocurrency-based payments for everyday goods and services.

Ethereum Name Service adds fiat payments for ENS domain registrations

[Apr 20, 2023 7:00 AM] Ethereum Name Service has integrated fiat payment options for new decentralized domain registrations in a new partnership with MoonPay.

Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto Settlements

[Apr 19, 2023 5:30 AM] Bank of Russia is building a system of gateways with foreign payment networks and is now working with Turkey in this field. Russia’s monetary authority would also allow the experimental use of cryptocurrencies in foreign economic activities, its…

Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency

[Apr 13, 2023 11:30 AM] According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly…

Digital Euro Key for European Payment Autonomy, ECB President Lagarde Says

[Mar 24, 2023 8:00 AM] The digital euro has an important role in preserving the payment autonomy of Europe, the head of the eurozone’s monetary authority emphasized. The new currency, which is still under development, is meant to be sovereign and safe, cheap and widely…

Coinbase Severs Ties With Silvergate Bank Amidst JPMorgan Downgrade and Delayed SEC Filing

[Mar 2, 2023 2:30 PM] On March 2, 2023, the cryptocurrency exchange Coinbase announced that, in light of recent developments, the company is “no longer accepting or initiating payments to or from Silvergate Bank.” The news follows the crypto bank’s…

Crypto Dominates as Payment Method for Remote Workers in Latam

[Feb 20, 2023 6:30 AM] Most remote workers in Latam prefer to get paid in crypto, according to the latest report from the Deel Lab for Global Employment. The reasons behind the finding are said to be diverse, but include the instability of some of the local fiat…

Alameda Research Seeks $446 Million Over Alleged ‘Preferential Transfers’ to Voyager Digital

[Jan 31, 2023 9:00 AM] On Monday, Alameda Research Ltd. filed a legal complaint against Voyager Digital LLC and HTC Trading Inc. in the U.S. bankruptcy court. The complaint alleges the defendants received preferential transfers of property from Alameda Research and the…

FTX resumes paying staff and contractors after weeks in limbo

[Nov 28, 2022 8:08 PM] The payments will exclude former FTX CEO Sam Bankman-Fried, and certain former execs including Gary Wang, Nishad Singh, and Alameda's Caroline Ellison.