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EU To Crack Down On Stablecoin Projects

PYMNTS

The European Union (EU) is preparing to update its cryptocurrency rules that could make it more difficult for stablecoin projects, such as Facebook Inc.’s Last fall, the Libra Association petitioned the Swiss Financial Market Supervisory Authority ( FINMA ) for a Swiss payment system license for its planned cryptocurrency.

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Crypto 2020: One Step Up; Two Steps Back

PYMNTS

If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. Building The (Retail) Use Cases.

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Bitcoin Daily: Tether Beats Out Bitcoin In Trading Volume; EOS Receives $24M Fine From SEC

PYMNTS

Believe it or not, bitcoin is no longer the most used cryptocurrency, with data from CoinMarketCap.com revealing that the token with the highest daily and monthly trading volume is Tether. Companies that offer or sell securities to U.S. Some of the concerning potential patters of trading in the market may start to fall away.”.

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Mastercard Adds More Startups To Its Accelerate Program

PYMNTS

Mastercard is expanding its Accelerate financial technology (FinTech) portfolio and is adding 11 companies to its Start Path startup engagement program, according to a Wednesday (Aug. 12) announcement. The company said its efforts recognize “the important role FinTechs play in the world’s rapid digital transformation.”.

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SMB Challenger Banks A Hot Spot With VCs

PYMNTS

Compliance startup Chainalysis works with law enforcement officials and financial institutions (FIs) to ensure that their cryptocurrency operations are within regulations. Open Financial Technologies. India’s Open Financial Technologies raised $4.6 OakNorth operates in the U.K.

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TS Imagine Strengthens its Marketplace Leadership with Non-Exec Board Appointments

Bobsguide

The new board members bring significant expertise in core business areas, including digital assets, securities finance, derivatives, and market structure, as the business builds market share in these sectors. Sabrina Wilson : Sabrina is the Chief Operating Officer of the institutional digital asset infrastructure firm Copper.co.

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Taiwan’s Central Bank Might Implement Blockchain

PYMNTS

Taiwan’s central bank is looking into implementing blockchain technology in order to improve its operations. Big Data and even artificial intelligence and other technologies [will] help our bank to predict and analyze economic and financial conditions more effectively.”. “In