The US Securities and Exchange Commission (SEC) has officially ended its investigation into PayPal’s US dollar-pegged stablecoin, PYUSD, without taking any enforcement action, the payments company disclosed in a regulatory filing on April 29. The inquiry, which began in November 2023, followed a subpoena from the SEC’s Division of Enforcement requesting documents related to the … Read more
Stablecoin issuer Circle has partnered with Onafriq, Africa’s largest payments gateway, to reduce the high cost of cross-border payments across the continent using USDC. According to a press release shared with Cointelegraph, Circle aims to pilot USDC (USDC) settlements within Onafriq’s vast network, which connects over 500 wallets and 200 million bank accounts in more … Read more
Scammers have abandoned traditional phishing methods to use physical mail as their new tactic in attacks. Scam exploits the 2020 data breach that exposed over 270,000 users’ personal information. The security of Ledger hardware wallet users has come under threat because scammers are now sending deceptive mail letters demanding users disclose their vital seed phrases. … Read more
A new type of scam is targeting crypto users, with attackers sending physical mails directly to hardware wallet owners – a fresh twist on a tactic traditionally deployed via email. According to reports, the scam specifically targets Ledger wallet users. In the official-looking letters bearing Ledger’s logo and business address, scammers falsely pose as the … Read more
AUSTRAC is cracking down on inactive digital asset exchanges, urging them to voluntarily withdraw their registrations or face forced cancellation to prevent criminal exploitation. Significant Proportion of 427 Registered Exchanges Inactive Australia’s AUSTRAC is taking decisive action against inactive digital asset exchanges, urging them to voluntarily withdraw their registrations or risk forced cancellation. The agency … Read more
XRP price managed to retake the $2.3 level on Wednesday US SEC decision to delay altcoin spot ETF decision triggered an initial pullback towards $2.24. Can Ripple CEO, Brad Garlinhouse’ latest product proposal spur more gains in the days ahead? XRP price holds $2.00 support despite SEC delaying altcoin ETF decisions XRP has maintained its … Read more
Understanding inflation and the need for hedges Bitcoin’s supply-and-demand dynamics, in addition to growing institutional adoption, position it as a potential hedge against inflation in 2025. However, its high volatility and centralization concerns mean it remains a speculative asset rather than a guaranteed safeguard against inflation. What is inflation? Inflation refers to the general increase … Read more
Key takeaways Set up your Pi Wallet and secure it with a 24-word seed phrase before transferring your coins. KYC is often required on both CEXs and P2P platforms to transfer and sell Pi Coins. You can sell Pi through CEXs or P2P platforms, each offering different security, speed and control. Always do your own … Read more
Draft legislation expands oversight of crypto firms while promoting innovation through the Digital Securities Sandbox. Policies like exempting overseas stablecoins may make the UK more attractive to crypto businesses than the U.S. Despite the fact that the UK Treasury confirmed the crypto staking ruling effective January 31, as Crypto News Flash (CNF) reported, the UK … Read more
China has begun discreetly notifying companies that certain US-made products will be exempt from its steep 125% retaliatory tariffs, meant to shield manufacturers from the consequences of a trade conflict with Washington, according to sources familiar with the matter. According to a Wednesday Reuters exclusive, Chinese authorities have not publicly announced the exemptions. Beijing seemingly … Read more