The global financial messaging giant aims to modernize cross-border payments The global financial messaging giant Swift is partnering with Ethereum developer Consensys to design a blockchain-based settlement system aimed at modernizing cross-border payments. The collaboration involves more than 30 financial institutions and seeks to build infrastructure capable of handling real-time, 24/7 international transactions while maintaining
Two brothers face multiple charges after a violent attack that took place this month Federal prosecutors have charged two brothers from Texas in a violent kidnapping scheme that targeted a Minnesota family and resulted in the theft of $8 million in cryptocurrency. Authorities said Raymond Christian Garcia, 23, and Isiah Angelo Garcia, 24, stormed the
The idea of reversible crypto transactions breaks away from the mantra of digital currency Circle, the issuer behind USD Coin (USDC), is exploring whether transactions using its stablecoin could one day be reversible. The idea, shared by company president Heath Tarbert, is being considered as a potential safeguard for users affected by fraud or hacks.
The crypto exchange has already given $2 million to two crypto-friendly political groups Kraken is stepping up its political involvement in the US, announcing a $2 million donation to two groups that support pro-crypto policies. The move, revealed by Co-CEO Arjun Sethi in a post on X this week, highlights the exchange’s view that the
A new workgroup could ensure uniform crypto regs across the US and Europe The US and UK are taking a new step toward aligning digital asset policies with the launch of a joint task force aimed at shaping crypto regulations across both sides of the Atlantic. The initiative, announced Monday by the US Treasury Department
Brian Armstrong envisions Coinbase becoming a full-scale bank Coinbase CEO Brian Armstrong has laid out an ambitious roadmap for the exchange, saying he envisions the platform evolving into a full-scale financial institution that rivals traditional banks. Speaking in an interview with Fox Business, Armstrong said Coinbase’s long-term goal is to become a “super app” that
The two-year-old stablecoin continues to find more support in the crypto community PayPal is expanding the reach of its US dollar-backed stablecoin, PayPal USD (PYUSD), by rolling it out on eight additional blockchains. The move significantly broadens access to the digital asset, which launched in 2023 as the company’s first major step into crypto. PayPal
Almost half of those polled believe DeFi is worth considering A new survey from the DeFi Education Fund (DEF) suggests that many Americans are open to exploring decentralized finance, provided that lawmakers create a clear legal framework. The poll, conducted by Ipsos between August 18 and 21 with 1,321 adults, highlights both a growing curiosity
The company will focus primarily on Bitcoin income strategies and derivatives trading Metaplanet, the Tokyo-based company that pivoted from hospitality and real estate to become a major Bitcoin treasury holder, has expanded its crypto operations with the creation of two new subsidiaries—one in the US and one in Japan. *Notice of Expansion of Bitcoin Income
The gimmick is a way for AmEx users to commemorate their travels American Express is introducing a new way for cardholders to commemorate their travels by rolling out blockchain-based passport stamps. The initiative, called Amex Passport, offers digital collectibles that act as keepsakes for trips and will be issued as non-fungible tokens (NFTs) on Base,
A new email campaign for the Jade wallet is actually crypto-stealing malware Blockstream, the company behind the Jade hardware wallet, has alerted its customers to a new phishing scam designed to steal crypto from unsuspecting users. The warning, issued Friday, highlights an email campaign that falsely claims to provide a firmware update for Jade devices.
The man who caused the collapse of the FTC cryptocurrency exchange thinks his sentence is unjust Sam Bankman-Fried, the former CEO of collapsed crypto exchange FTX, is set to appear in court this November as part of his appeal against a 25-year prison sentence. The US Court of Appeals for the Second Circuit has scheduled
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