Category: Crypto Currency

PayPal will start offering rewards to PYUSD stablecoin holders in a bid to boost its adoption and use in the coming months. Bloomberg was first to report on PayPal’s plans, stating that PYUSD users will be able to earn 3.7 percent annually on their holdings once this initiative is rolled out. Later, PayPal CEO Alex…

The Central Bank of Russia and the country’s Finance Ministry are planning to launch an experimental crypto exchange in the coming days. The step is part of Russia’s roadmap of gradually legalising cryptocurrencies. Finance Minister Anton Siluanov was addressing a ministry meeting this week, when he shed light on the plans, according to reports from…

Bitcoin’s price continued its rise on national and international exchanges on Friday. The most valuable crypto asset rose by less than one percent to trade at $93,400 (roughly Rs. 79.7 lakh) on global platforms. On Indian exchanges, Bitcoin is currently trading within the range of $93,086 (roughly Rs. 79.4 lakh) and $93,962 (roughly Rs. 80.2…

US banking regulators announced on Thursday they were pulling back several documents that urge banks to show caution when dabbling in cryptocurrency and related activities. The Federal Reserve said it was withdrawing a pair of supervisory letters stipulating that banks should seek advance approval from regulators before engaging in crypto-asset and stablecoin activities. In addition, the Fed joined the Federal Deposit Insurance Corporation and Office of the Comptroller…

The Financial Intelligence Unit of India (FIU-IND) has reportedly instructed all crypto exchanges to verify the know your customer (KYC) data collected from users based in India, by the end of June. The KYC details that are older than 18 months will need to be refreshed by all operational exchanges. Mudrex and Pi42 confirmed the…

Bitcoin is currently trading at $94,200 (roughly Rs. 80.3 lakh) on international exchanges, amid aggressive acqusition by whales and institutions. The asset’s value rose by 7.80 percent over the past seven days, and saw a marginal 0.12 percent increase on global exchanges on Monday. On Indian exchanges, the Bitcoin price fell by 0.09 percent, and…

The new head of the US Securities and Exchange Commission on Friday said that the agency has stifled innovation for the cryptocurrency sector by fostering “regulatory uncertainty” in prior years. “Market participants engaging in this technology deserve clear regulatory rules of the road,” Paul Atkins said in his first remarks since being sworn in as…

The crypto market in countries like India and Sri Lanka are maturing at a rapid pace, according to a survey by Binance. The exchange says that the demand for advanced security measures is intensifying in Asia’s crypto markets, where investors are cautious and frequent in their engagements with volatile crypto assets. India, Vietnam, and Thailand…

Bitget has partnered Avalanche as part of the latter’s efforts to invest in the Web3 sector in India. Aimed at driving grassroots-level adoption of Web3 technology in the country, the partnership was announced by the Web3 firms on Monday. While Bitget is a Seychelles-based crypto exchange, Avalanche is an open-source layer-1 blockchain created at Cornell…

Mastercard has announced a payment ecosystem allowing buyers and merchants to make and receive payments using stablecoins. The US-based card payment giant teamed up with Seychelles-headquartered OKX crypto exchange to launch a new card, while another partnership with Canadian payment processing firm Nuvie will allow businesses to accept stablecoin payments. Stablecoins are crypto assets that…