elected President of Argentina Javier Milei of La Libertad Avanza greets supporters after the polls closed in the presidential runoff on November 19, 2023 in Buenos Aires, Argentina. According to official results, Javier Milei of La Libertad Avanza reached 55,69% of the votes and Sergio Massa of Union Por La Patria 44,30%, with 99,25 of … Read more
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Cryptocurrency investors can now buy a coin pegged to the New Zealand dollar, making swapping our traditional currency for crypto faster and simpler. A company linked to the local crypto-trading platform Easy Crypto launched NZDD on Wednesday as a means to increase investor uptake of cryptocurrency – a first that beats the Reserve Bank of … Read more
More than two years have passed since Africa’s biggest economy banned licensed banks from engaging in cryptocurrency-related activities as a means to clamp down on a surge of unregulated transactions. Yet, despite such regulatory limitations, Nigeria’s crypto market has defied the odds and consolidated its status as a key transactional vehicle in the sub-Saharan nation. … Read more
getty PayPal’s branded stablecoin, which the payments company launched on Monday, is likely to be a trendsetter. Multiple payments, e-commerce companies and banks, including large traditional financial institutions, have expressed interest in using or issuing digital dollars with Paxos, the issuer of PayPal’s PYPL PYUSD, according to a source familiar with the negotiations. No names … Read more
Maxine Waters, the top Democrat on the House Financial Services Committee, criticized PayPal Holdings Inc.’s launch this week of a stablecoin in the absence of US regulation for that corner of the cryptocurrency world. “I am deeply concerned that PayPal has chosen to launch its own stablecoin while there is still no federal framework for … Read more
J. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission (CFTC), speaks during a Senate Banking, Housing and Urban Development Committee hearing in Washington, D.C., U.S., on Tuesday, Feb. 6, 2018. Cryptocurrency exchanges roiled by the rout in Bitcoin prices may face more turbulence as the two top U.S. market regulators ask Congress to consider … Read more
Changpeng Zhao, Binance’s cofounder and CEO, at the Web Summit in Lisbon, Portugal on November 1, 2022. (Photo by Pedro Fiúza/NurPhoto via Getty Images) NurPhoto via Getty Images It may be the world’s seventh-most-valuable cryptocurrency, but Binance is quickly turning away from its doomed namesake stablecoin and considering alternative formats, pegs and partners. With the … Read more
The top US bank regulator says that crypto tokens are unlikely to replace traditional currency and that banks should proceed cautiously when they experiment with the asset class. “Because crypto assets have proved to be so volatile, they are unlikely to grow into money substitutes and become a viable means to pay for transactions,” Federal … Read more
The U.S. will likely move forward with its own digital currency, with issuance occurring between 2025 and 2030, according to Bank of America Corp. U.S. government-backed coins, also known as central bank digital currencies, or CBDCs, “are an inevitable evolution of today’s electronic currencies,” strategists Alkesh Shah and Andrew Moss, wrote in a report Monday. … Read more