Payment company Visa expanded stablecoin offerings on its settlement platform by adding support for Global Dollar, PayPal USD, Euro Coin and two new blockchain networks, Stellar and Avalanche. The integration allows users to send and receive stablecoin payments through the supported blockchain networks or convert their balances to traditional fiat currency, Visa said in a press…
JPMorgan Chase has partnered with crypto exchange Coinbase to introduce crypto integrations to its customers, a step in bridging traditional finance with digital assets. Coinbase announced Wednesday that Chase credit card holders can use their cards to buy crypto on Coinbase starting this fall. In addition, Coinbase said JPMorgan’s customers will also be able to redeem…
The Hong Kong Monetary Authority (HKMA), the special administrative region’s central banking authority, has finalized its regulatory framework for stablecoin issuers, releasing two sets of guidelines that will take effect on Aug. 1. On Tuesday, the HKMA released completed guidelines and consultation conclusions to clarify the upcoming rules. The documents addressed the supervision of licensed stablecoin issuers…
Cathie Wood’s ARK Invest has named Canada-based SOL Strategies as its exclusive staking partner for the company’s Digital Assets Revolutions Fund. Under the partnership, ARK Invest will move its validator operations to the SOL Strategies staking infrastructure. Created in 2020, the Fund typically invests in 10 to 12 cryptocurrencies aiming to generate returns over a full market…
Payments platform PayPal is set to roll out a new feature for US merchants to accept payments with over 100 cryptocurrencies, targeting overseas transactions and more utility of its own stablecoin. According to a Monday announcement, businesses will be able to accept Bitcoin, Ether, Solana, USDt, USD Coin and XRP, among others. The tool integrates with…
Crypto custodians are reporting increased interest in their services amid the rising frequency of so-called “$5 wrench attacks” on cryptocurrency traders, investors and project leaders. In the last year, several high-profile wrench attacks — physical attempts to steal someone’s crypto — have targeted prominent investors and business executives in the blockchain industry. The crypto mantra…
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