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Lutnick’s Cantor in Talks With Tether About $2 Billion Bitcoin Lending Project
Tether currently uses Cantor’s custody business to hold the billions of dollars of US Treasuries that support the value of its dominant USDT stablecoin. That custody relationship earns Cantor tens of millions of dollars a year, according to people familiar with the matter.
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What is the Digital Assets Platform Being Discussed by the BRICS Group?
The BRICS group is considering the creation of a digital assets platform to reduce reliance on US dollars for international transactions. President Putin has expressed his support for this initiative, emphasising that digital currencies could benefit not only BRICS nations but also other developing economies.
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Crypto Firms Including Robinhood, Kraken Launch Global Stablecoin Network
The aim of the newly formed Global Dollar Network is to accelerate usage of stablecoins worldwide and promote an asset that provides proportionate economic benefits to its partners, the companies said.
-
OTT Releases This Week: Do Patti, Zwigato, The Legend of Hanuman Season 5 and More
Kapil Sharma’s Zwigato is all set to have its digital premiere on Prime Video on October 25, after more than a year of theatrical release
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G20 Prioritises Discussions on Digital Tax Amid Looming Tariff Threats from US
The Group of 20 finance leaders meeting this week for progress on a stalled plan to reallocate taxing rights on large multinational companies.The stakes in the negotiations are high. A failure to reach agreement on final terms could prompt several countries to reinstate their taxes on U.S. tech giants and risk punitive duties on billions of dollars...
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BRICS Nations Plan to Create Payment Network Backed by Digital Currencies in Quest of De-Dollarisation: Report
The BRICS group is planning to develop a digital payment network, backed by digital currencies. The aim is to bring a wave of de-dollarisation into effect.
-
Viacom18 Bags Indian Cricket Digital and TV Media Rights for Nearly Rs. 6,000 Crore
Viacom18 on Thursday created a near monopoly in Indian cricket broadcasting sphere by bagging both TV and digital rights of the national team's home series for the next five years with a cumulative bid of approximately Rs. 6000 crore, beating Star India and Sony in a three-way battle. The BCCI had invited separate e-bids for both li...
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Singapore’s Stablecoin Regulatory Framework Announced: All Details
The Monetary Authority of Singapore (MAS) has announced rules for the regulation of stablecoins. Web3 firms that wish to issue stablecoins in Singapore will have to ensure that they maintain minimum base capital and liquid assets. The country aims to avoid companies being exposed to the risks of collapse and insolvency.
-
PayPal Launches US Dollar Stablecoin for Financial Payments, Transfers
Payments giant PayPal said on Monday it has launched a US dollar stablecoin, becoming the first major financial technology firm to embrace digital currencies for payments and transfers. While stablecoins have been around for years now, they are yet to successfully make headway into the mainstream consumer payments ecosystem.
-
Tech Giants Could Face Fines Worth Up to 5 Percent of Annual Turnover Under Proposed Australian Laws
Tech giants could face billions of dollars in fines for failing to tackle disinformation under proposed Australian laws, which a watchdog on Monday said would bring "mandatory" standards to the little-regulated sector.
-
Crypto Investors Grow Cautious After Sudden Collapse of Exchanges Last Year
Cryptocurrency investors have grown more cautious about who they do business with, after being burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and others, and fearing a regulatory crackdown will put more pressure on remaining firms. The recent crypto platform bankruptcies trapped customer assets now worth around $34 bi...
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US Lawmakers Introduce Bill to Prohibit Digital Dollar Testing Due to Threat to American Liberties
US Congressman Alex Mooney has proposed a law called — the Digital Dollar Pilot Prevention Act (H.R. 3712). A total of 14 House Republicans have chosen to co-sponsor this bill along Mooney, who states in the proposal that CBDCs are “being used by authoritarian countries right now to crack down on dissent”.
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IMF Fears Zimbabwe’s Plan to Launch Gold-Backed Digital Asset Could Trigger Financial Instability
The authorities of the International Monetary Fund (IMF) have reached out to the regulators of Zimbabwe advising them against issuing a gold-back digital asset to fight against the rising inflation. Zimbabwe is considering the launch of this stablecoin in order to reduce its dependency on the US dollar amid back-to-back interest rate hikes in the U...
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Circle Pay CEO Backs Stablecoin Legalisation in the US Amid ‘Accelerating De-Dollarisation': All Details
Jeremy Allaire, the CEO of stablecoin issuer Circle Pay has stressed that the US must get serious about considering stablecoin legalisation. He has suggested that the Federal Reserve introduce a digital dollar soon into its existing financial system and ‘capitalise on the high demand’ of stablecoins like USDC.
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Zimbabwe Set to Introduce Gold-Backed Digital Currency to Stabilise Zimbabwean Dollar: Report
Zimbabwe, in a bid to keep its economy stable amid the fluctuating status of the dollar, is exploring the launch of a gold-back digital asset. Once the token is introduced, the government of Zimbabwe will allow its nationals to exchange small denominations of the Zimbabwean dollar for the digital gold token to safeguard their investments against ma...
-
Lutnick’s Cantor in Talks With Tether About $2 Billion Bitcoin Lending Project
Tether currently uses Cantor’s custody business to hold the billions of dollars of US Treasuries that support the value of its dominant USDT stablecoin. That custody relationship earns Cantor tens of millions of dollars a year, according to people familiar with the matter.
-
What is the Digital Assets Platform Being Discussed by the BRICS Group?
The BRICS group is considering the creation of a digital assets platform to reduce reliance on US dollars for international transactions. President Putin has expressed his support for this initiative, emphasising that digital currencies could benefit not only BRICS nations but also other developing economies.
-
Crypto Firms Including Robinhood, Kraken Launch Global Stablecoin Network
The aim of the newly formed Global Dollar Network is to accelerate usage of stablecoins worldwide and promote an asset that provides proportionate economic benefits to its partners, the companies said.
-
OTT Releases This Week: Do Patti, Zwigato, The Legend of Hanuman Season 5 and More
Kapil Sharma’s Zwigato is all set to have its digital premiere on Prime Video on October 25, after more than a year of theatrical release
-
G20 Prioritises Discussions on Digital Tax Amid Looming Tariff Threats from US
The Group of 20 finance leaders meeting this week for progress on a stalled plan to reallocate taxing rights on large multinational companies.The stakes in the negotiations are high. A failure to reach agreement on final terms could prompt several countries to reinstate their taxes on U.S. tech giants and risk punitive duties on billions of dollars...
-
BRICS Nations Plan to Create Payment Network Backed by Digital Currencies in Quest of De-Dollarisation: Report
The BRICS group is planning to develop a digital payment network, backed by digital currencies. The aim is to bring a wave of de-dollarisation into effect.
-
Viacom18 Bags Indian Cricket Digital and TV Media Rights for Nearly Rs. 6,000 Crore
Viacom18 on Thursday created a near monopoly in Indian cricket broadcasting sphere by bagging both TV and digital rights of the national team's home series for the next five years with a cumulative bid of approximately Rs. 6000 crore, beating Star India and Sony in a three-way battle. The BCCI had invited separate e-bids for both li...
-
Singapore’s Stablecoin Regulatory Framework Announced: All Details
The Monetary Authority of Singapore (MAS) has announced rules for the regulation of stablecoins. Web3 firms that wish to issue stablecoins in Singapore will have to ensure that they maintain minimum base capital and liquid assets. The country aims to avoid companies being exposed to the risks of collapse and insolvency.
-
PayPal Launches US Dollar Stablecoin for Financial Payments, Transfers
Payments giant PayPal said on Monday it has launched a US dollar stablecoin, becoming the first major financial technology firm to embrace digital currencies for payments and transfers. While stablecoins have been around for years now, they are yet to successfully make headway into the mainstream consumer payments ecosystem.
-
Tech Giants Could Face Fines Worth Up to 5 Percent of Annual Turnover Under Proposed Australian Laws
Tech giants could face billions of dollars in fines for failing to tackle disinformation under proposed Australian laws, which a watchdog on Monday said would bring "mandatory" standards to the little-regulated sector.
-
Crypto Investors Grow Cautious After Sudden Collapse of Exchanges Last Year
Cryptocurrency investors have grown more cautious about who they do business with, after being burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and others, and fearing a regulatory crackdown will put more pressure on remaining firms. The recent crypto platform bankruptcies trapped customer assets now worth around $34 bi...
-
US Lawmakers Introduce Bill to Prohibit Digital Dollar Testing Due to Threat to American Liberties
US Congressman Alex Mooney has proposed a law called — the Digital Dollar Pilot Prevention Act (H.R. 3712). A total of 14 House Republicans have chosen to co-sponsor this bill along Mooney, who states in the proposal that CBDCs are “being used by authoritarian countries right now to crack down on dissent”.
-
IMF Fears Zimbabwe’s Plan to Launch Gold-Backed Digital Asset Could Trigger Financial Instability
The authorities of the International Monetary Fund (IMF) have reached out to the regulators of Zimbabwe advising them against issuing a gold-back digital asset to fight against the rising inflation. Zimbabwe is considering the launch of this stablecoin in order to reduce its dependency on the US dollar amid back-to-back interest rate hikes in the U...
-
Circle Pay CEO Backs Stablecoin Legalisation in the US Amid ‘Accelerating De-Dollarisation': All Details
Jeremy Allaire, the CEO of stablecoin issuer Circle Pay has stressed that the US must get serious about considering stablecoin legalisation. He has suggested that the Federal Reserve introduce a digital dollar soon into its existing financial system and ‘capitalise on the high demand’ of stablecoins like USDC.
-
Zimbabwe Set to Introduce Gold-Backed Digital Currency to Stabilise Zimbabwean Dollar: Report
Zimbabwe, in a bid to keep its economy stable amid the fluctuating status of the dollar, is exploring the launch of a gold-back digital asset. Once the token is introduced, the government of Zimbabwe will allow its nationals to exchange small denominations of the Zimbabwean dollar for the digital gold token to safeguard their investments against ma...
