India Crypto Exchanges Restrict Rupee Deposits to Buy Crypto

Indian cryptocurrency exchanges CoinSwitch Kuber and WazirX have banned users from making Rupee deposits to buy cryptocurrencies, Reuters reported. This is a decision that stems from regulatory uncertainty. Last week the National Payments Corporation of India, the operator of the government-backed United Payments Interface (UPI), said it was unaware of crypto exchanges using its UPI … Read more

Binance Floats €100M Investment in France

Binance cryptocurrency exchange is extending its regional footprint in the European Union with a €100 million investment in France. The move was announced at the Paris Blockchain Week Summit event on Wednesday and the exchange’s Chief Executive Officer, Changpeng Zhao (CZ) said that France has what it takes to lead the Web3.0 emancipation in the … Read more

bloXroute Raises $70M in Series B Funding to Speed up DeFi transactions

As a critical infrastructure provider for quick decentralized finance (DeFi) trades on Ethereum, Polygon, and Binance Smart Chain, bloXroute has raised $70 million in Series B funding to boost its quest of reducing latency on blockchain networks.  bloXroute, a blockchain distribution network (BDN) meant to enhance blockchain scalability, completed the funding campaign spearheaded by SoftBank. … Read more

Hong Kong’s MaiCapital Wins SFC Approval to Fully Manage Virtual Asset Portfolios

Hong Kong-based MaiCapital Limited announced Tuesday that it has secured approval from the local Securities and Futures Commission (SFC) to fully manage virtual assets portfolios. In its announcement, MaiCapital said the approval allows the SFC-licensed blockchain and virtual assets manager the authority to manage portfolios that may comprise up to 100% of virtual assets. Prior to securing the … Read more

USDC Issuer Circle Secures $400M Funding from Fidelity and BlackRock

Circle, the company behind USD Coin (USDC), has bagged funding worth $400 million from different players, including Fidelity Management, BlackRock Inc, and Research LLC, signalling traditional finance interest in the crypto space. As one of the largest tokens in terms of market capitalization, USDC has just surpassed Tether (USDT) by reaching a $40 billion market … Read more

DTCC to Build Prototype Supporting US Digital Dollar in Clearing & Settlement Process

The Depository Trust & Clearing Corporation (DTCC), a US post-trade financial services company providing clearing and settlement services to the financial markets, announced on Tuesday that it is developing the first prototype in the industry to examine how a Central Bank Digital Currency (CBDC) might operate in the U.S clearing and settlement infrastructure using distributed … Read more

Singapore’s FOMO Pay Introduces New Crypto Payment Solution for Retailers

Singapore-based major payment institution FOMO Pay has introduced a new cryptocurrency payment solution for retailers in the island city-state. The new payment method will allow retailers in Singapore to accept digital payment tokens (DPT) – the first to be developed by a DPT licensee in Singapore. According to Singapore Legal Advice, “a digital payment token … Read more