Fallen cryptocurrency lender Gemini is reportedly set to begin returning billions in frozen customer funds. The firm, owned by billionaire twin brothers Cameron and Tyler Winklevoss, announced Wednesday that it will return $2.18 billion of its digital assets to customers of the Earn program, CNBC reported, citing an email...
Singapore-based financial institution Triple-A is adding PayPal’s PYUSD stablecoin to its payment services. The move, announced Wednesday (May 29), will let the company’s clients accept the stablecoin as a payment method, and facilitate cross-border payments using the stablecoin. As Triple-A notes in a news release, PYUSD — launched last August and issued by Paxos...
PayPal says its stablecoin — PayPal USD (PYUSD) — is now available on the Solana blockchain. The move is designed to make the stablecoin faster and cheaper to use, giving users the choice of multiple blockchains for more flexibility and control, according to a Wednesday (May 29) news...
Stablecoin issuer Circle says it has officially launched in Brazil. The expansion into South America’s largest country gives Circle the chance to offer its popular USD Coin to new users, the company said Wednesday (May 29). “The move comes at a time of exponential fintech...
Ripple has donated another $25 million to pro-cryptocurrency political action committee (PAC) Fairshake. And there’s more where that came from, the blockchain payments company’s CEO told Axios in an interview published Wednesday (May 29). “This isn’t a one-time thing,” said Brad Garlinghouse, pledging to give Fairshake $25 million annually,...
The former CEO of FTX’s Bahamas subsidiary was sentenced Tuesday (May 28) to a prison term longer than the prosecutors had asked for. Ryan Salame was sentenced to 7.5 years in prison by a U.S. judge after prosecutors sought a term of five to seven...
Latin American cryptocurrency exchange Ripio is reportedly making payment and tokenization products for businesses a bigger part of its offerings. The company is doing so even as its retail trading business is benefiting from the crypto rally, Bloomberg reported Friday (May 24). Already, Ripio is seeing crypto being used to help Brazilian importers pay Chinese...
In the Bahamas, convicted cryptocurrency criminal Sam Bankman-Fried’s one-time penthouse is up for sale. Meanwhile, in the United States, the House of Representatives passed the Financial Innovation and Technology for the 21st Century (FIT21) Act (H.R. 4763) Wednesday (May 22), the first step in establishing a comprehensive federal framework that both ensures regulatory...
A bill said to provide consumer protections and regulatory certainty around digital assets was passed by the U.S. House of Representatives on Wednesday (May 22). The Financial Innovation and Technology for the 21st Century (FIT21) Act (H.R. 4763) was approved with broad, bipartisan support, the House Financial Services...
