Payoneer, a cross-border payments provider serving nearly two million small and medium-sized businesses, has applied to the Office of the Comptroller of the Currency (OCC) to establish a US national trust bank, according to a Tuesday press release. The proposed entity, PAYO Digital Bank, N.A., is aimed at supporting stablecoin-enabled services for global businesses. The
WisdomTree, a New York-listed asset manager overseeing approximately $161 billion in client assets, said Tuesday it will soon enable around-the-clock trading and instant settlement for its US money market fund, the WisdomTree Treasury Money Market Digital Fund (WTGXX). The fund can trade continuously against the USDC stablecoin through a dealer-principal model operated by the firm’s
Now that Bitcoin is down over 40% from its fall highs and hitting its lowest levels in weeks, crypto market sentiment has turned undeniably bearish. However, Adam Back, the CEO of Blockstream and the inventor of the Hashcash proof-of-work system, sees a silver lining in the current downturn. During a conversation with CNBC’s Melissa Lee,
In a move closely watched by regulators and crypto users alike, the new bitcoin atm compliance framework at Bitcoin Depot is reshaping how in-person digital asset purchases are authenticated. Summary Bitcoin Depot rolls out stricter ID checks at every BTM transaction Continuous verification and expanded monitoring to combat fraud From first-transaction checks to full lifecycle
Nym, a decentralized, open-source, and incentivized infrastructure that provides comprehensive, network-level privacy for users and the internet, has announced its landmark strategic partnership with Cardano ($ADA). Cardano ($ADA) is also a decentralized and proof-of-stake (PoS) blockchain platform for security and scalability alternatively to earlier networks. 🛡️Online privacy is the condition for digital freedom. That’s why
Bitcoin sentiment has taken a dive on prediction markets as the price of the asset dipped below $63,000 earlier Tuesday, briefly putting it more than 50% below its all-time high. Users on Myriad, a prediction market platform owned by Decrypt parent company Dastan, now predict there’s a roughly 71% chance that Bitcoin dips to $55,000
It may be “crypto winter,” but it’s a “stablecoin summer” as digital dollar adoption booms, payments giant Stripe said Tuesday in its annual letter. Bridge, the stablecoin orchestration platform Stripe acquired in 2024, saw transaction volume more than quadruple last year, according to the letter. The firm also said it will “soon” launch the mainnet
Hut 8 stock price has risen for three consecutive months and is nearing its highest level this year as the company prepares to publish its financial results. Summary Hut 8 share price has jumped for three consecutive months. The company has formed a cup-and-handle pattern. It will publish the financial results later on Tuesday. Hut
Michigan Introduces Bill to Allow State Employees to Be Paid in Bitcoin Michigan State Rep. Matt Maddock has introduced legislation that would allow classified state civil service employees to receive their wages in Bitcoin or other qualifying digital assets, marking what supporters describe as a first-of-its-kind effort to integrate Bitcoin into state payroll systems. The