Category: crypto

Binance has launched a new feature, BPay Global, allowing users in over 70 countries to deposit and withdraw USD through various methods with low or zero fees. This move strengthens Binance’s global fiat network and simplifies the transfer between traditional finance and crypto, addressing global demand for seamless fiat on- and off-ramps.

Standard Chartered Hong Kong will launch a virtual asset ETF trading service in November, responding to high demand for digital assets among affluent clients. Meanwhile, Hong Kong’s SFC has approved the first Solana spot ETF in Asia, signaling the region’s growing interest in digital assets. This move could boost adoption in the country.

Coinbase CEO Brian Armstrong announced that the company is developing private transactions using Iron Fish’s zero-knowledge infrastructure. This move aims to provide users with more control over who can see their on-chain activity. However, concerns have been raised about how this can be achieved on a platform with past data leaks and regulatory requirements.

Businesses are increasingly using crypto-powered tools to cut costs, improve efficiency, and expand globally. ChangeNOW offers products like NOWPayments and NOW Tracker for this purpose. Integrating crypto is essential for sustainable growth. Tools like payment gateways, analytics, and exchange APIs are helping businesses scale and stay competitive in the digital economy.

Russia is legalizing the use of cryptocurrencies for foreign trade payments to balance economic strategy with tighter oversight of the growing crypto market. This move follows years of Russian entities using digital assets like the A7A5 stablecoin for cross-border transactions, reflecting a shift towards integrating crypto into trade while preventing misuse and sanction evasion.

FalconX is set to acquire 21Shares, a major crypto ETF asset manager firm, in a significant merger within the cryptocurrency financial industry. The undisclosed deal aims to combine the two companies, with a focus on developing crypto funds centered around derivatives and structured products due to the increasing popularity of crypto ETFs.

UK inflation remains high at 3.8%, keeping the Bank of England cautious on interest rate cuts. Global factors like U.S. inflation, a government shutdown, and supply chain disruptions add uncertainty. In this economic environment, Bitcoin may see safe-haven inflows, while smaller altcoins could be vulnerable to sudden sell-offs.

The Federal Reserve is considering a proposal to allow fintechs and crypto platforms direct access to payment rails, eliminating the need for banks. This new system would involve “skinny master accounts” that provide access to payment rails but do not offer interest or emergency borrowing. This change could reduce reliance on traditional banking intermediaries for…

North Korea has stolen $2.8 billion in cryptocurrency since 2024, with the funds supplying nearly a third of its foreign currency earnings. State-backed hacking groups targeted digital assets through advanced attacks, laundering the funds through mixers and Chinese brokers. This illicit cash flow supports North Korea’s weapons and missile programs.

Valour Inc., a subsidiary of publicly traded DeFi Technologies, has launched an exchange-traded product for the cryptocurrency Sky on the Swedish exchange Spotlight. This marks the 100th ETP by Valour Inc. The product, Valour Sky (SKY) SEK ETP, allows investors regulated access to the DeFi token and its ecosystem.