The cryptocurrency sector has long been in search of gateway use cases to accelerate adoption. News broke Friday (Aug. 23) that Wyoming is reportedly developing its own U.S. dollar-backed stablecoin to be used for consumer payments. The Wyoming Stable Token could be launched as soon...
Wyoming is reportedly developing its own U.S. dollar-backed stablecoin to be used for consumer payments. The state plans to launch the Wyoming Stable Token in the first quarter of 2025, CNBC reported Friday (Aug. 23). “It is clear to me that digital assets are going...
Regulatory clarity within the United States is one of the cryptocurrency industry’s top goals. The sector isn’t scared of spending big to get closer to it, a Wednesday (Aug. 21) report showed. Forty-eight percent of all corporate money contributed to date during the 2024 election...
Every innovation needs a supporting infrastructure network to scale. And, with the news that Apple will allow third-party developers to access its near-field communication (NFC) chip this autumn with the release of iOS 18.1, crypto and blockchain enthusiasts are increasingly of the hope that crypto payments...
Senate Majority Leader Chuck Schumer believes crypto legislation could happen this year. Schumer made this comment Wednesday (Aug. 14) at an online event for cryptocurrency insiders who are backing Vice President Kamala Harris for president. “We all believe in the future of crypto,” said Schumer, whose comments at the...
Mastercard has launched a crypto-to-fiat card with Web3/blockchain platform MetaMask and cryptocurrency payments firm Baanx. The MetaMask Card, announced Wednesday (Aug. 14), lets MetaMask wallet customers use crypto for everyday purchases in fiat currency wherever Mastercard is accepted. The card is being piloted on a...
The Securities and Exchange Commission (SEC) charged NovaTech Ltd, its operators, Cynthia and Eddy Petion, and the company’s top promoters with running a fraudulent scheme centered on crypto assets. The defendants are charged with running a multi-level marketing company that claimed it would invest victims’ funds in...
Despite the decentralized nature of cryptocurrencies and other digital assets, Web3 businesses need banking partners. But on Thursday (Aug. 8), news broke that Pennsylvania-based Customers Bank, one of the only crypto-friendly banks in the U.S., was served with a 13-page regulatory enforcement action by the...
One of the longest running legal cases impacting crypto’s regulatory future is potentially nearing resolution. The case, between cryptocurrency company Ripple Labs and the U.S. Securities and Exchange Commission (SEC), centers around whether Ripple’s XRP token is a security and has gone through several iterations since its 2020...
