Editorial

newsfeed

We have compiled a pre-selection of editorial content for you, provided by media companies, publishers, stock exchange services and financial blogs. Here you can get a quick overview of the topics that are of public interest at the moment.
360o
Share this page
News from the economy, politics and the financial markets
In this section of our news section we provide you with editorial content from leading publishers.

TRENDING

Latest news

Crypto.com Wins EU Approval To Launch Crypto Derivatives

With official regulatory approval from the European Union, Crypto.com—a mobile-first crypto exchange—is now able to provide institutional investors with crypto derivatives. As rules tighten around the continent, this is a major turning point for the trade and the larger digital asset sector. MiFID II License Granted in the Netherlands Crypto.com said on May 21, 2025, that a licence awarded in the Netherlands had resulted in acceptance under the European Union’s Markets in Financial Instruments Directive II (MiFID II). This makes Crypto.com one of the few crypto-native platforms to have such a license, therefore enabling it to provide European Economic Area (EEA) regulated financial instruments and derivatives. “This license is evidence of our dedication to ethical innovation and compliant expansion of our offer,” stated Crypto.com CEO Kris Marszalek. Usually reserved for established financial companies, the MiFID II license comes with rigorous standards around organisational behaviour, investor protection, and openness. Getting this license shows Crypto.com’s capacity to satisfy legal requirements similar to those of established companies. What This Means For The EU Market With this regulatory green light, Crypto.com may now directly provide professional and institutional investors all around the EU with crypto-based derivatives products, including futures and options. This is especially crucial as family offices, asset managers, and hedge funds’ growing demand for advanced crypto financial products keeps driving change. The license also grants Crypto.com passporting rights, therefore enabling it to operate across several EU countries without having to get individual permits in every member state. This simplifies the attempts at platform expansion and prepares the ground for more thorough integration into European financial markets. A Strategic Advantage Amid Growing Regulation Through programs like the Markets in Crypto-Assets (MiCA) regulation, slated to be fully implemented by 2026, Europe has been actively striving towards standardising crypto regulation. By aggressively acquiring a MiFID II license, Crypto.com sets itself ahead of several rivals currently negotiating uncertain or fractured regulatory environments. This action could also inspire investor confidence at a time of worldwide growing regulatory scrutiny of crypto activity. Authorities like the U.S. Securities and Exchange Commission (SEC) cracking down on unregistered crypto offers could give strong regulatory standing in other areas a competitive edge. Crypto.com’s Global Compliance Push Crypto.com has made news before for its regulatory initiatives, not once but rather often. Already, the trade has obtained licenses and registrations in the United Kingdom, Singapore, Dubai, and South Korea, among other countries. Signing its intention to function as a worldwide financial services provider, the EU MiFID II license improves the compliance framework of the exchange even more. Marszalek said, underlining the company’s continuous approach of working with authorities to bring compliant crypto goods to market, “We are proud to be among the first crypto platforms to achieve this important milestone in the EU.” A New Era For Crypto Derivatives The EU license obtained by Crypto.com to introduce crypto derivatives is a worldwide signal of purpose rather than only a local success. Regulated platforms like Crypto.com are poised to be increasingly important in linking conventional finance with the developing Web3, as institutional interest in digital assets keeps rising.

Read More

Bloomberg Outage Disrupts Global Trading and Rattles Markets

Government bond auctions in the UK and European Union were delayed on Wednesday after a widespread technical outage hit Bloomberg’s terminal services, a popular tool for global financial markets. The UK’s Debt Management Office (DMO) extended the bidding window for its gilt auction by 90 minutes, pushing the close to 11:30 a.m. London time. The European Commission also delayed the deadline for its EU bills sale by one hour to 1 p.m. Brussels time. Both agencies cited “ongoing market-wide Bloomberg system issues” for the disruption, noting that new deadlines were contingent on the restoration of full functionality. Bloomberg’s $28,000-a-year terminal service — used by traders, analysts, and portfolio managers to monitor markets, run analytics, and execute trades — suffered a global outage early Wednesday, leaving users without live pricing data and disrupting trading activity. By 11:00 a.m., most services were reported to be back online. “Our systems are returning to normal operations and Terminal functionality has been restored following a service disruption earlier today,” Bloomberg said in a statement. Despite the recovery, the outage rattled markets and highlighted the sector’s reliance on a single data provider. “We’ve been told not to trade. I can’t remember this level of non-functioning,” said one London-based fund manager. Another added: “Would you bet on a match that you can’t see or know the score?” While rival services like LSEG’s Workspace and FactSet exist, Bloomberg is widely regarded as the gold standard for market data and communications. The firm’s instant messaging system (IB) remained operational throughout the disruption, allowing some deals to proceed manually for later settlement. The episode drew renewed attention to operational risk in financial infrastructure. “This is a reminder of overdependencies,” one European investor said. A portfolio manager at a major asset management firm said the disruption affected more than just trading. “I’m unable to run my day-to-day process,” he said. “I even have a presentation coming up that depends on Bloomberg-based spreadsheets.” Bloomberg’s help desk acknowledged the problem in a 9:55 a.m. post, stating: “We’re currently experiencing a global terminal issue, and our engineering team is actively working to identify and resolve the problem.” The incident is the latest in a series of tech glitches to impact European market operations. The UK’s Crest settlement system went down in 2020 and again in 2022, while the Bank of England was forced to postpone a repo operation last year due to auction platform issues. The ECB’s securities settlement system also experienced a temporary shutdown earlier this year due to hardware failure.

Read More

CME Group Launches XRP Futures With $19 Million in First-Day Volume

CME Group has introduced XRP futures contracts, expanding its suite of regulated cryptocurrency derivatives. The launch follows the first block trade on May 18, which was cleared by Hidden Road and marked a $19 million notional volume on the first day. XRP and Micro XRP futures support cryptocurrency investment and hedging strategies Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, commented, “We are pleased to see such early support for our latest futures contracts, with more than $19 million in notional volume traded the first day. The addition of XRP and Micro XRP futures to our leading, regulated cryptocurrency suite will provide investors with the deeply liquid, capital-efficient tools they need to support their growing cryptocurrency investment and hedging strategies.” The new offering includes both Micro XRP contracts, sized at 2,500 XRP, and standard contracts of 50,000 XRP. Both are cash-settled to the CME CF XRP-Dollar Reference Rate, a daily benchmark calculated at 4:00 p.m. London time. The rate serves as a once-daily pricing index for XRP in U.S. dollars. Noel Kimmel, President of Hidden Road and CEO of its Futures Commission Merchant, said, “We are excited to clear the first block trade in CME Group XRP futures. This is a significant milestone for Hidden Road, and the continued institutional adoption of digital assets – particularly in enhancing liquidity and risk management capabilities around XRP. As one of the largest non-bank prime brokers and FCMs, Hidden Road remains focused on delivering seamless global market access and driving innovation at the intersection of traditional finance and digital assets.” XRP joins CME Group’s expanding list of regulated crypto derivatives, which already includes futures contracts on Bitcoin, Ether, and other digital assets. With the addition of XRP, CME aims to cater to growing institutional demand for risk-managed exposure to digital currencies. The XRP launch comes amid increasing institutional interest in altcoins and follows a broader trend of integrating crypto products into traditional financial infrastructure. CME Group continues to position itself as a central venue for regulated crypto derivatives trading, offering access via its Globex platform and clearing through CME Clearing. It was last month that CME Group announced it would do live with XRP Futures. The launch follows a rise in trading activity on CME’s crypto derivatives. In the first quarter, average daily volume reached 198,000 contracts, equivalent to $11.3 billion in notional value, while average open interest stood at 251,000 contracts ($21.8 billion). Since March 17, more than 43,000 Solana (SOL) futures contracts have traded. CME Group’s XRP futures offering is expected to further integrate XRP into institutional trading strategies, offering participants a new tool for risk management and exposure to digital asset markets.

Read More

BTCC Exchange Appoints Dan Liu as CEO Ahead of 14th Anniversary Milestone

VILNIUS, Lithuania, May 21st, 2025, Chainwire BTCC, one of the world’s longest-serving cryptocurrency exchanges, today announces the appointment of Dan Liu as its new Chief Executive Officer. Liu, who previously served as Chief Research Officer at BTCC, brings extensive expertise in both traditional finance and cryptocurrency markets to his new role. As BTCC approaches its 14th anniversary in June, Dan Liu’s appointment as CEO marks a new chapter for the exchange. Under his leadership, BTCC aims to build upon its legacy as the world’s most established crypto exchange while pursuing sustainable growth. This vision will carry BTCC confidently into the future, elevating the platform beyond traditional security to drive meaningful industry evolution. From Research Visionary to CEO Since joining BTCC in 2019, Liu has been instrumental in the exchange’s rapid growth and innovation in the cryptocurrency space. As a dynamic young leader, he previously served as Chief Research Officer at the exchange. With his strategic vision over the years, BTCC expanded its services to users from over 160 countries and significantly enhanced its product offerings in both futures and spot trading markets while maintaining high security standards. Liu’s forward-thinking approach to market dynamics has made him a sought-after and respected voice in the cryptocurrency space, with regular features in prominent crypto media outlets including Cointelegraph, Markets Insider, and Japanese publication Monthly Digital Assets. “I am deeply honored to lead BTCC Exchange at such a pivotal time for both our platform and the broader cryptocurrency ecosystem,” said Liu. “My crypto journey began back in 2013, and that early passion has only grown stronger over the years. As we celebrate our 14th anniversary this year, I’m excited to combine my background in traditional finance with my love for blockchain innovation. We remain committed to bridging these two worlds, continuing to build trust within the community while accelerating our global expansion.” Building on Legacy, Focused on Future Since joining BTCC in 2019, Liu has guided the exchange through various market conditions while driving innovation and growth. His leadership has positioned BTCC as an industry pioneer across multiple market cycles. One of Liu’s most notable contributions was leading the launch of Tokenized Futures, an innovative financial product rarely seen in the industry. This bold step bridged the gap between traditional finance and blockchain technology and positioned BTCC as a forward-thinking exchange. Additionally, under Liu’s strategic guidance, BTCC launched its highly successful Copy Trading feature, which has received exceptional user engagement and positive feedback. This feature provides an accessible entry point for those exploring cryptocurrency markets, aligning perfectly with BTCC’s mission of making digital asset trading more inclusive. With his academic background in conventional markets, Liu brings valuable analytical skills to the evolving cryptocurrency space. His leadership represents a new approach where trust, transparency, and blockchain technology work together. Looking ahead, Liu’s focus is on global expansion while navigating increasingly diverse regulatory standards across markets. “One of my most important missions is educating the general public about cryptocurrency and making trading accessible to everyday users,” Liu explains. To support this vision, he plans to deepen BTCC’s community connections by attending global industry events and creating direct dialogue with users and partners across different markets—insights that will help shape the platform’s future and inform regional strategies. Under Liu’s leadership, BTCC Exchange is poised to continue its legacy as one of the most trusted, secure, and innovative cryptocurrency exchanges globally. About BTCC Founded in 2011, BTCC is one of the world’s longest-serving cryptocurrency exchanges, offering secure and user-friendly trading services to millions of users globally. With a commitment to security, innovation, and community building, BTCC continues to be a trusted platform in the evolving cryptocurrency landscape. Website: https://www.btcc.com/en-US X: https://x.com/BTCCexchange Contact: press@btcc.com Contact Aaryn Ling BTCC Exchange press@btcc.com Disclaimer: This content is provided by a sponsor. FinanceFeeds does not independently verify the legitimacy, credibility, claims, or financial viability of the information or description of services mentioned. As such, we bear no responsibility for any potential risks, inaccuracies, or misleading representations related to the content. This post does not constitute financial advice or a recommendation and should not be treated as such. We strongly advise seeking independent financial guidance from a qualified and regulated professional before engaging in any investment or financial activities. Please review our full disclaimer for more details.

Read More

Bitcoin Suisse Secures In-Principle Approval from ADGM’s Financial Services Regulatory Authority

Zug, Switzerland, May 21st, 2025, Chainwire Bitcoin Suisse, the leading Swiss crypto financial service provider, is proud to announce that its subsidiary BTCS (Middle East) Ltd. has received an In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of ADGM. This milestone represents a significant step forward in Bitcoin Suisse’s strategic expansion, reinforcing its commitment to regulatory compliance, financial innovation, and global growth. With this achievement, Bitcoin Suisse is set to expand into the Middle East, introducing a refined and client-centric approach to crypto finance. The granting of the IPA from ADGM’s FSRA paves the way for Bitcoin Suisse to secure full licensing soon, allowing it to provide regulated crypto financial services – including trading of virtual assets, crypto securities and derivatives, as well as local custody – within the ADGM’s dynamic international financial center. ADGM is recognized as one of the most advanced and well-regulated jurisdictions. Its virtual asset framework is globally acknowledged for its comprehensive regulations, making it the largest regulated hub for virtual assets in the MENA region. “The In-Principle approval marks an important milestone in our global expansion journey,” said Ceyda Majcen, Head of Global Expansion and designated Senior Executive Officer of BTCS (Middle East) Ltd. “It reflects our strong commitment to maintaining the highest standards of transparency, security, and regulatory compliance. Abu Dhabi, one of the Middle East’s fastest-growing financial centers, presents a compelling opportunity for growth. We look forward to working closely with the FSRA to obtain our full license and to bring our decade of experience in crypto finance to the region’s rapidly evolving digital asset ecosystem.” Arvind Ramamurthy, Chief of Market Development Officer at ADGM, said, “ADGM congratulates Bitcoin Suisse on receiving its IPA from the FSRA of ADGM. Their expansion plans to the region to provide regulated crypto financial services within the international financial centre is a testament to the immense opportunities available within Abu Dhabi. We look forward to Bitcoin Suisse receiving their Financial Services Permission (FSP) and their contribution to ADGM’s dynamic ecosystem.” Bitcoin Suisse has built a strong reputation as a trusted crypto financial service provider in Switzerland, offering secure and compliant crypto asset solutions for private individuals and institutional clients with its deep expertise, precision, and personal engagement. The company securely holds over USD $6 billion (AED 22.2 billion) in digital assets under custody and more than USD $2.6 billion (AED 8.9 billion) in institutional staking services, making it one of the largest providers of digital asset custody and institutional staking solutions globally. By entering the ADGM ecosystem, Bitcoin Suisse aims to leverage the region’s progressive regulatory framework to offer its clients a robust, transparent, and fully regulated platform for its crypto financial services. The In-Principle Approval reflects Bitcoin Suisse’s robust operational standards, commitment to risk management, and ability to meet the high standards set by regulatory authorities. As BTCS (Middle East) Ltd. advances toward full licensing, it will continue to enhance its product suite and operational capabilities to best serve its international client base. About Bitcoin Suisse Bitcoin Suisse is Switzerland’s leading premium crypto finance service provider. Founded in 2013 by crypto-native experts, it offers a cohesive suite of trading, staking, custody and lending services geared towards private and institutional clients. The company is headquartered in Zug and has built a team of over 200 highly qualified experts in Switzerland, Europe and the Middle East. Contact CMO German Ramirez Bitcoin Suisse AG media@bitcoinsuisse.com Disclaimer: This content is provided by a sponsor. FinanceFeeds does not independently verify the legitimacy, credibility, claims, or financial viability of the information or description of services mentioned. As such, we bear no responsibility for any potential risks, inaccuracies, or misleading representations related to the content. This post does not constitute financial advice or a recommendation and should not be treated as such. We strongly advise seeking independent financial guidance from a qualified and regulated professional before engaging in any investment or financial activities. Please review our full disclaimer for more details.

Read More

Binance Pay Integrates with Brazil’s Pix System

Binance has announced the integration of its crypto payment platform, Binance Pay, with Brazil’s widely used Pix instant payment system, allowing users to make real-time payments in Brazilian reais using cryptocurrencies. The move positions Binance as the first global exchange to directly connect its payments infrastructure to a national payment system, marking a major milestone in the mainstream use of digital assets in Latin America. With this integration, Binance users in Brazil can transfer funds or pay merchants through Pix by converting digital assets instantly to reais. The process works within seconds, mirroring the speed and familiarity of Pix transactions already used by 174 million Brazilians. Binance Pay supports over 100 cryptocurrencies, and the new feature enables seamless payments to any Pix-compatible bank account or business across the country. “The first time Binance Pay is integrated into a national payment system” Richard Teng, CEO of Binance, commented, “Integrating Pix, a remarkable development by the government of Brazil, with Binance Pay marks a revolutionary step forward, combining the speed and accessibility of Brazil’s instant payment system with the global reach and innovation of Binance. This synergy empowers users with seamless, real-time transactions, enhancing the crypto experience and driving financial inclusion to new heights.” Guilherme Nazar, Binance’s Regional Vice President for Latin America, added, “This is a significant milestone because it is the first time Binance Pay is integrated into a national payment system in the world. It allows our users in Brazil to use their cryptocurrencies for payments at any commercial establishment and to anyone in the country, quickly, safely and easily, using a system they are already familiar with. This launch makes cryptocurrencies more accessible and usable in everyday life, and reflects Binance’s commitment to customizing its global products to meet the demands of our local users.” Pix, launched in 2020 by the Central Bank of Brazil, has become the dominant payment method in the country, used by more than three-quarters of the population. According to the Central Bank, Pix has surpassed cash and debit cards in popularity, with over 6 billion transactions processed monthly. Nazar emphasized that “payments are one of the most obvious uses of cryptocurrencies,” and highlighted how this integration “makes cryptocurrency payments more intuitive and familiar to Brazilians who are already accustomed to the Central Bank’s tool, and consequently boosts the growth of digital asset adoption in the country.” Brazil ranks sixth globally in cryptocurrency adoption, with around 17.5% of the population holding digital assets. A recent survey conducted by Instituto Locomotiva for Binance revealed that 42% of Brazilian investors already have exposure to crypto, equal to the number of those investing in traditional assets such as funds and stocks. The integration not only increases the real-world utility of crypto in Brazil but also underlines Binance’s broader strategy to adapt its global services to local financial infrastructure. As crypto adoption in Brazil grows, the Binance Pay–Pix connection provides a concrete example of how digital assets can integrate with mainstream financial systems to enable everyday use.

Read More

Gold Technical Analysis Report 20 May, 2025

Given the clear daily uptrend and the bullish sentiment that can be seen across the precious metal markets today, Gold can be expected to rise to the resistance level 3350.00.   Gold reversed from support zone Likely to rise to the resistance level 3350.00 Gold recently reversed up with the daily Bullish Engulfing from the support zone between the pivotal support level 3172.00 (former resistance from the start of April, which has been reversing the price from the start of May, as can be seen from the daily Gold chart below), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from February. The upward reversal from this support zone stopped previous medium-term ABC correction (4) from the middle of April. Given the clear daily uptrend, Gold can be expected to rise to the next resistance level 3350.00. Given the clear daily uptrend and the bullish sentiment that can be seen across the precious metal markets today, Gold can be expected to rise to the resistance level 3350.00. Gold Technical Analysis The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff. The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained in this article.  

Read More

Germany Left $2.3 Billion on the Table After Early Bitcoin Sell-Off

The German government missed out on more than $2 billion in potential gains after liquidating nearly 50,000 Bitcoin holdings in mid-2024, according to blockchain analytics firm Arkham Intelligence. A cryptocurrency wallet labeled “German Government (BKA)” offloaded 49,858 BTC between June and July last year for an average price of $57,900, netting just under $2.9 billion. At today’s price of around $104,700, that same stash would be worth $5.24 billion. “If they had held it, their BTC would now be worth $5.24B,” Arkham noted in a post on X dated May 19. Bitcoin has rallied over 80% since the government began selling. Germany’s sale of Bitcoin seized from the defunct piracy site Movie2K brought in about $2.88 billion at an average price of $57,600 per coin. Its first major transfer, 6,500 BTC worth $425 million, was flagged on June 19, 2024, triggering speculation about a large-scale selloff. The Movie2k platform was known for streaming pirated content and had been under investigation for several years. Authorities allege the operators used earnings from advertising fees and subscription revenue to buy large amounts of Bitcoin. In January, nearly 50,000 Bitcoin, valued at around 1.96 billion euros were transferred to German authorities by the individuals behind the platform. Miguel Morel, Arkham’s founder, criticized the sell strategy, describing it as rushed and lacking coordination. “The last thing I would have expected is that they would just go to five different exchanges and start market selling,” he said during an interview at EthCC 2024. “It reads like they’re just trying to get as much liquidity from each order book as possible.” Bitcoin’s price dropped sharply during the selloff period but began recovering after the German wallet ran out of coins. The Dresden Public Prosecutor’s Office stated that an emergency sale is legally required if there’s a risk of a value loss of 10% or more before the conclusion of criminal proceedings. This large-scale sale contributed to a drop in Bitcoin’s price in June, with the cryptocurrency declining by 9.8% from $67,000 to around $60,000. The price continued to fall in July, briefly dropping below $55,000 before beginning to recover. The U.S. government similarly faced a steep opportunity cost by selling off Bitcoin seized over the past decade. According to Jameson Lopp’s tracker, the U.S. sold 195,091 BTC through 11 auctions, earning $366.5 million. At current prices, that Bitcoin would be worth nearly $17 billion, meaning a missed profit of around $16.6 billion.

Read More

New Singapore Dollar-Pegged Stablecoin Launches on XRP Ledger, Backed by DBS and Standard Chartered

Launching its Singapore dollar-pegged stablecoin, XSGD, on the XRP Ledger, fintech company StraitsX represents a significant stride forward for the digital banking ecosystem in Southeast Asia. Financial powerhouses DBS Bank and Standard Chartered support the shift, therefore indicating increasing institutional support for blockchain-based payment systems in the area. Previously causing waves on other blockchains, including Ethereum and Polygon, the XSGD stablecoin is now available via the XRP Ledger (XRPL), a fast, energy-efficient, scalable blockchain network well-known for business use cases. Using a solid fiat-pegged asset, this integration is projected to increase real-time settlement and create fresh chances for cross-border transactions. A Step Towards Practical Applications Stablecoins like XSGD are tied 1:1 to a fiat currency, unlike volatile cryptocurrencies; in this example, the Singapore dollar (SGD). While using blockchain’s benefits—transparency, lower fees, and rapid transfers—this gives users a consistent, predictable value. A StraitsX official noted, “launching XSGD on XRPL means more flexibility and faster access to regulated, fiat-based digital payments.” “We are enabling developers, institutions, and consumers to easily transact in SGD across borders and blockchains.” By including XSGD into XRPL, users can additionally connect with distributed finance (DeFi) technologies and use a regulated currency to participate in blockchain-based financial ecosystems. Institutional Confidence Supported by Standard Chartered DBS More than just symbolic, backing from DBS and Standard Chartered shows increasing institutional faith in the infrastructure enabling stablecoins and digital payments. According to reports, both institutions help to monitor and maintain custody of the fiat reserves supporting the token, therefore bolstering user faith in XSGD’s 1:1 peg. The action also fits Singapore’s forward-looking approach toward fintech and digital assets. StraitsX runs inside the clear regulatory guidelines set by the Monetary Authority of Singapore (MAS), which makes XSGD a compliant, safe choice for both retail and institutional customers. Why XRP Ledger? Low-cost transactions, built-in decentralized exchange (DEX), and proven cross-border remittance efficiency—all of which define the XRP Ledger fit for scalable payment applications like stablecoins, with transaction finality attained in seconds and the network able to handle thousands of transactions per second. For small enterprises, remittance users, and fintech developers in the Asia-Pacific area, XSGD’s presence on XRPL will enable users to trade and swap assets directly on-chain and access liquidity with reduced fees. The Bigger Picture XSGD’s release on XRPL is a declaration on the direction of regulated digital money, not only a tech update. Regulated stablecoins like XSGD offer a possible bridge between traditional banking and blockchain innovation as governments tighten their posture on cryptocurrencies while investigating central bank digital currencies (CBDCs). The XSGD-XRPL combination could be a model for how stablecoins develop worldwide as the Asia-Pacific area leads in fintech adoption, combining institutional trust, regulatory clarity, and technical efficiency.

Read More

Sigma-One, Gulf First Leave Dubai Offices After Defrauding Clients

A pair of empty offices and a black garbage bag are all that remain of Gulf First Commercial Brokers, a now-defunct firm that allegedly swindled millions of dirhams from UAE investors before vanishing without a trace. Roughly 40 employees once occupied suites 302 and 305, cold-calling investors around the clock with forex offers. Today, the phone lines have been ripped from the walls, the rooms sit vacant, and clients are left searching for answers. Among them are Mohammad and Fayaz Poyyl, two Indian expatriates from Kerala who poured $75,000 into what they thought were safe investments. “I came here to find out what happened, but the offices are empty,” said Fayaz. “We called everyone. No one picked up. It’s like they never existed.” Gulf First promised clients steady profits via Sigma-One Capital, an unregulated trading platform now under police investigation. Sigma-One lists a registration in St. Lucia and a Dubai address in Musalla Tower, Bur Dubai, but investors say the office doesn’t exist, and regulators confirm it has no license from either the DFSA or the SCA. “They told us Gulf First and Sigma-One were the same thing,” said Mohammad, who lost $50,000. “They used the names interchangeably.” The scam’s tactics echo a growing list of cold-call brokerage frauds in the UAE. In March, Khaleej Times reported on similar cases involving DuttFx and EVM Prime. two platforms that lured in residents through unsolicited phone pitches and vanished once the money came in. The pattern is familiar: a call from a ‘relationship manager,’ an initial deposit, then mounting pressure to invest more. One investor, who lost over $230,000, said his broker spoke his native Kannada and promised outsized returns. “They showed small profits at first. I even managed to withdraw a little — just enough to make me believe it was real,” he said. “Then the pressure started. They blocked withdrawals and kept demanding more funds.” He ended up using credit cards, bank transfers, and his wife’s savings in a desperate attempt to recover losses. “Every time, they said this would be the last deposit.” Security guards at Capital Golden Tower said the company cleared out in a hurry. “They handed over the keys and left fast,” one said. “Now people show up every day looking for them.” Police complaints have been filed against both Gulf First and Sigma-One. Khaleej Times tried to reach their staff. Most numbers are disconnected. One call was answered, but the moment the reporter mentioned the word “newspaper,” the line went dead. Investors believe the scam was coordinated, run by a wider network that has hit Dubai before  with fake offices, untraceable entities, and just enough legitimacy to pass an initial check. Now, what remains are empty rooms, vanished brokers, and a trail of personal debt, the victims told Khaleej Times.

Read More

New Scanner Technology at Stock Market Guides Shows the Historical Track Record of Each Trade Setup It Finds

Altadena, United States / California, May 20th, 2025, FinanceWire Stock Market Guides, a company that offers stock market scanning software, has announced the latest improvement to its proprietary stock scanner technology. Their stock scanner not only finds trade setups in real time that are popular among active traders, but it also now shows how each of those trade setups performed historically according to backtest research. According to Andy Yuda, a Senior Consultant at Stock Market Guides, “One example of a scan we offer is for oversold stocks based on their RSI indicator. It’s a popular trade setup for many active stock traders. Before you pull the trigger on buying a stock that’s oversold, wouldn’t you want to know how that stock has performed historically when it’s been oversold? If that stock doesn’t have a track record of success historically for that trade setup, why buy it now? That historical performance is the information our scanner brings to light.” This new technology is available not only for active stock traders, but also for buy-and-hold investors as well as option traders. The scanner at Stock Market Guides caters to trade setups based on technical analysis, like chart patterns and stock indicators, as well as investments based on fundamental analysis, like price-to-earnings ratios and earnings growth. Customers can also enable the scanner to pick trades for them. This is offered for both stocks and stock options. This scanner technology upgrade is the latest feature that Stock Market Guides has made available to retail investors.  They also offer free educational guides that cover everything from how to buy stocks all the way to how to calculate advanced stock market indicator values. About Stock Market Guides Stock Market Guides is based in Altadena, California, and has been offering stock scanning services to the public since 2023. Prior to that, its founders did years of research and development that led to the creation of the business and its offerings. For more information about Stock Market Guides and its range of educational content and services, users can visit https://www.stockmarketguides.com. Stock Market Guides continues to provide educational content aimed at supporting informed financial decision-making for its readership. Contact Senior Consultant Michael Ferguson Stock Market Guides mikeferguson@stockmarketguides.com Disclaimer: This content is a press release from a wire service. This press release is provided for informational purposes only. We have not independently verified its content and do not bear any responsibility for any information or description of services that it may contain. Information contained in this post is not advice nor a recommendation and thus should not be treated as such. We strongly recommend that you seek independent financial advice from a qualified and regulated professional, before participating or investing in any financial activities or services. Please also read and review our full disclaimer.

Read More

CoinDCX Enters Bahrain Market Through BitOasis Acquisition

Strategically moving to commemorate its debut beyond India, CoinDCX has bought a sizable share in BitOasis, a UAE-based cryptocurrency exchange licensed in Bahrain. By entering a controlled and expanding market, this purchase signals CoinDCX’s goal to increase its visibility in the Gulf area. Positioned as one of the few exchanges with regulatory permission in the area, the acquisition came just months after BitOasis acquired its operational licence from the Central Bank of Bahrain (CBB). This is not only a business decision for CoinDCX; it’s a smart entrance into a territory with legislative clarity, increasing crypto usage, and strategic proximity to other Middle Eastern markets. A Bridge Between India and The Gulf Originally founded in 2018 and stressing security, compliance, and education, CoinDCX has grown to be among the largest digital asset platforms available in India, with over 15 million members. Given India’s complex legal climate for cryptocurrencies, this purchase is meant to be the starting point for CoinDCX’s global ambitions. “BitOasis already has strong roots in the GCC, which is crucial for any trade hoping to grow worldwide. For us, this is a synergy of vision whereby market potential, user confidence, and regulation interact,” stated Sumit Gupta, co-founder of CoinDCX and CEO. Purchasing BitOasis gives CoinDCX instant access to a licensed business, including a Virtual Asset Service Provider (VASP) license from Bahrain. This action could speed up its capacity to serve local consumers free from the complications of additional legislative approvals. BitOasis: Rebounding With Stronger Backing Founded in 2015, BitOasis had a bumpy 2023 following UAE authorities’ suspending some of its activities. However, the business seemed to be healing after fixing legal problems and earning licensing approval in Bahrain. The purchase by CoinDCX might represent a turning point in BitOasis’s history. With additional cash and operational knowledge from CoinDCX, BitOasis can now concentrate on expanding its footprint across the MENA (Middle East and North Africa) region, where demand for digital assets is exploding. Co-founder of BitOasis, Ola Doudin, greeted the acquisition, saying, “CoinDCX’s investment adds credibility, stability, and size. This is a major advance not only for us but also for the Middle Eastern acceptance of cryptocurrencies. The Regulatory Advantage Emerging as one of the more crypto-friendly governments in the Gulf, Bahrain provides a clear, progressive legal environment for digital asset businesses. Bahrain’s strategy offers a solid basis for development, unlike the hazy legal climate in India. Attracted to the area by this regulatory certainty was CoinDCX. Operating under the cover of a licensed body helps the business avoid some of the home compliance challenges. Furthermore, the purchase fits more general patterns of cryptocurrency exchanges looking for operational sites in controlled areas. It reflects initiatives by worldwide behemoths like Binance and Coinbase, who have also looked at the Gulf as a basis for global expansion. What’s Next? With this acquisition, CoinDCX joins an increasing number of Asian crypto companies moving westward to seize fresh markets. It also points to possible crypto industry M&A activity, particularly as businesses look for stability via regulatory harmonisation. Strategic footholds like BitOasis in Bahrain will become even more significant as digital asset adoption quickens worldwide. For CoinDCX, this might be only the start of a larger worldwide plan.

Read More

UnitedHealth (UNH) Share Price Recovery

A month ago, our analysis of UNH stock noted a nearly 23% decline and outlined a descending price channel, with pressure building around the key $450 support level that had held since early 2022. Since then, UNH broke below this level (as shown by the arrow), plunging to around $250 — its lowest since spring 2020 — before staging a sharp rebound. The drop was driven by a series of negative headlines, including: → the CEO’s resignation and a Department of Justice probe into potential Medicare fraud; → the withdrawal of earnings guidance; → political wrangling over Medicaid in the 2025 budget; → and former President Trump’s directive to reduce drug prices. However, investor sentiment improved following news that the new CEO and several executives purchased tens of millions of dollars’ worth of company stock, lifting the share price back above $300. Technical Outlook These events warrant an update to the descending channel structure. The steady, low-volatility decline suggests movement along the channel’s median line. Within this setup: → the $250 bounce marks the channel’s lower boundary; → the ongoing recovery may extend toward the median line, where renewed selling pressure could emerge. The $300 level may now act as psychological support. FXOpen offers spreads from 0.0 pips and commissions from $1.50 per lot. Enjoy trading on MT4, MT5, TickTrader or TradingView trading platforms! The FXOpen App is a dedicated mobile application designed to give traders full control of their accounts anytime, anywhere. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. Disclaimer: This sponsored market analysis is provided for informational purposes only. We have not independently verified its content and do not bear any responsibility for any information or description of services that it may contain. Information contained in this post is not advice nor a recommendation and thus should not be treated as such. We strongly recommend that you seek independent financial advice from a qualified and regulated professional, before participating or investing in any financial activities or services. Please also read and review our full disclaimer.  

Read More

SEC Delays Decision Again, Solana ETF Still Awaits Approval

Based on Solana (SOL), the U.S. Securities and Exchange Commission (SEC) has once more reversed its ruling on many petitions requesting authority to launch exchange-traded funds (ETFs). Those impacted by the delay include companies such as Bitwise, VanEck, 21Shares, Canary Capital, and Fidelity. Announced in mid-May 2025, the postponement results from residual questions regarding investor safety and market manipulation. Although it’s not a clear rejection, the SEC’s action points to a continuous reluctance towards extending crypto ETFs outside of those supported by Bitcoin and Ethereum. Heightened Scrutiny for Altcoin ETFs This most recent event emphasises the cautious attitude the regulatory agency takes with ETFs based on altcoins. The SEC says additional time is required to resolve legal, market structure, and investor protection concerns related to Solana and like digital assets. The agency particularly wants to investigate whether the underlying Solana markets are sufficiently resistant to manipulation. ETF ideas addressing cryptocurrencies outside the well-known names like Bitcoin and Ethereum have long been hampered by this issue. The SEC has now started a formal comment period, asking public opinion on the Solana ETF ideas and thereby extending its assessment process. Market Reactions and Industry Sentiment Though there was a delay, the market responded somewhat favourably. After the news, Solana’s price increased by 2.7%, implying that investors still hope for final approval. This resiliency suggests ongoing passion for SOL’s possible presence in popular financial products. Although annoying, observers of the crypto business say the delay by the SEC is not surprising. Similar issues had once held up Bitcoin ETFs—until the historic approvals earlier this year. Analysts think Solana and other altcoins would fit the same long-game strategy. “Bitcoin ETFs establish a precedent,” claimed one expert. “The SEC is definitely following a pattern: push back, probe deeper, then perhaps approve once issues are addressed.” What Next? The SEC’s next major decision window is slated for July 2025, when authorities are likely to review the outstanding applications. ETF issuers probably will show more data, market surveillance agreements, and risk-reducing strategies between now and then to support their case. Still, there’s no guarantee July will bring ultimate clearance. Depending on how the agency views the changing scene of the market, it can request more explanation or another delay. It is abundantly evident that the present posture of the SEC reflects a larger trend of methodical, careful development in control of the crypto ETF environment. Solana is still a great competitor as a high-performance Layer 1 blockchain with growing acceptance; yet, it needs to first pass the legal obstacles. The SEC’s Decision Sparks Questions  Delaying Solana ETF approvals by the SEC shows its will to maintaining market integrity. Although this might momentarily stop retail and institutional SOL access through conventional financial products, it also gives time for more solid protections to be included in the ecosystem. Solana stays in the regulatory waiting room for now. However, if history is any guide, after the SEC is convinced that investor protections are securely in place, delays may finally yield acceptance.

Read More

Vitalik Buterin Introduces “Partially Stateless Nodes” to Strengthen Ethereum’s Decentralization

Seeking to increase scalability and decentralisation on the Ethereum network, Ethereum co-founder Vitalik Buterin has proposed a new architectural model—partially stateless nodes. Revealed in a recent blog post, the idea seeks to allow more participants to run nodes without requiring enormous hardware or data capacity, therefore relieving the storage load on validators. Complementing EIP-4444, which intends to cut older historical data from the network to lower the storage stress on full nodes, this proposal fits Ethereum’s larger scaling road map. “The long-term goal of Ethereum is full statelessness,” Buterin said, “but partially stateless clients give us a practical path forward that improves decentralisation in the short term.” What Are Partially Stateless Nodes? Ethereum nodes now hold hundreds more for state data and a great volume of historical data, well over 100 GB for the whole chain. Regular users and small operators who may otherwise wish to run nodes and support network security will find this difficult. Partially stateless nodes divide the duties of storage and validation to handle this. While older historical data is archived elsewhere or deleted, these nodes would validate new transactions and blocks using just recent state data or state witnesses compressed proofs of account balances and smart contract states, instead of requiring every node to keep the whole state history. By letting lightweight nodes stay active and functional, this strategy would greatly reduce the technological requirements for network participation. A Step Toward Full Statelessness Buterin has long argued for a shift towards complete statelessness, whereby nodes may check the blockchain without needing to retain all past data. Reaching that stage, though, offers significant technological and logistical difficulties. One temporary answer is provided by partially stateless nodes. Buterin claims that this system speeds Ethereum’s decentralization while maintaining network security. More people would be able to run nodes, therefore reducing the reliance of the network on institutional players or big data centres. Buterin pointed out that this goes beyond just storage efficiency. “It’s about enabling people and reducing the ecosystem’s point of failure.” Complementing EIP-4444 Buterin’s idea, however, complements Ethereum Improvement Proposal 4444 (EIP-4444), which advises clients to stop providing historical data spanning a year. Rather, consumers and developers would depend on outside data sources or distributed data solutions like The Graph. EIP-4444 has drawn criticism on how it might compromise data availability and openness. Partially stateless nodes, however, offer a possible balance: dumping historical data helps to preserve real-time security and validation. Broader Implications For Ethereum’s Future Implementing partially stateless nodes could open the path for more general involvement in Ethereum’s consensus systems, particularly among users in areas with limited hardware or unstable internet access. This is a clear step towards inclusive decentralisation since it lowers technological entrance restrictions and maintains network integrity. This change may also pave the path for additional mobile and browser-based customers, hence driving innovation in wallets and distributed apps.

Read More

16 Democratic Senators Reverse Course, Back Stablecoin Genius Act as It Advances in the Senate

In a significant political change, sixteen Democratic senators, who had earlier opposed the GENIUS Act—a thorough stablecoin control measure—have come around to support it. With a huge 66-32 margin, the bill cleared a procedural vote in the US Senate this week, revitalizing initiatives to control dollar-backed cryptocurrencies. The reversal follows months of uncertainty among Democrats, many of whom were first dubious of the bill’s links to President Donald Trump’s cryptocurrency endeavours and the larger hazards presented by digital assets. However, Democrats have since joined Republicans in advancing the legislation in response to mounting bipartisan worry over the uncontrolled nature of stablecoins. The Proposals of the GENIUS Act Seeking to provide the first unambiguous legal framework for stablecoins, the GENIUS Act, short for Guiding and Establishing National Innovation for the US Stablecoins, Principal clauses consist of: Complete one-on-one reserve backing for every issued stablecoin. Transparency criteria and mandated audits Know-your-client (KYC) compliance and anti-money laundering (AML) rules A licensing system for every payment stablecoin issuer Proponents contend the bill is necessary for safeguarding consumers and preserving financial stability, given the explosive expansion of the digital asset industry. Legislators Balance the Rewards and Risks Among the Democrats who had opposed the measure, Senator Mark Warner clarified the change in perspective: “Many senators, including myself, have very genuine worries about the Trump family’s exploitation of crypto technology to benefit at the expense of Americans by dodging control. But we cannot let that colour us into ignoring the larger reality: blockchain is here to stay. Warner underlined the importance of pragmatic responses in a changing financial environment, even while noting political conflicts around the bill. Challenge from Progressive Democrats and Senator Warren Not every Democrat is on board. One of the most outspoken detractors of the cryptocurrency sector, Senator Elizabeth Warren, attacked the measure for not tackling “foundational flaws.” “What has changed in the measure following the last vote? Little. It still allows business power grabs and does not provide enough security for common Americans. Worse than none at all is a lousy bill. Warren has long advocated for more thorough control and expressed concerns about the impact of tech behemoths such as Meta and Google, which would possibly create their stablecoins under a weak framework. Political Objectives and Digital Relationships Given the bill’s possible links to President Trump, its progress has not escaped examination. Conflicts of interest have been called into doubt by his alleged interest in developing a USD1 stablecoin based on US dollars and supporting $TRUMP meme currencies. While these ties are concerning, several Democrats have acknowledged that inaction could cause the United States to lag in world digital currency leadership. What Next? Once procedural approval is guaranteed, the GENIUS Act is headed towards a final Senate vote. Should it be approved, it will be a turning point for the US crypto market since it will set standards for one of its most important and fastest-expanding industries. The discussion has obviously changed from whether to control stablecoins to how best to accomplish it as legislators negotiate this high-stakes battle. The GENIUS Act has already worked to compel both sides to the table, whether or not it passes.

Read More

Reppo Launches World’s First Liquid Node Sale, Pioneering Decentralized Data Infrastructure

Cayman, Canada, May 20th, 2025, Chainwire Reppo, a decentralized infrastructure network enabling AI developers and agents to access data, infra, and capital on-demand, has announced the launch of the world’s first Liquid Node Sale. This groundbreaking initiative is powered by Anoma’s intent-centric architecture and Zoo Finance’s Liquid Node Token (LNT) protocol, marking a significant advancement in decentralized AI infrastructure. At the core of Reppo’s innovation are Solver Nodes—programmable economic agents that determine the computational path to fulfill user intents, which are partial transactions inspired by Anoma’s Resource Machine. These nodes enable data consumers ranging from developers, agents, and physical AI to express their data (and eventually infrastructure) needs declaratively, allowing the network to autonomously match and provision resources on demand. This eliminates the traditional complexities of resource discovery, negotiation, and integration, streamlining the AI development process. The Liquid Node Token pioneered by Zoo Finance, introduces a novel model where Solver Nodes are tokenized, providing liquidity and accessibility to a broader range of participants on Day 1 of Reppo Mainnet. Through Zoo Finance’s LNT protocol, Solver Node License holders can acquire also delegate the running of Solver Nodes, making participation in Reppo’s ecosystem Plug & Play . This model not only democratizes access to AI infrastructure but also enhances capital efficiency within the network Reppo’s Data Exchange architecture addresses key challenges in AI development, including centralized access to compute and data resources, high entry barriers to decentralized AI protocols, and limited access tied to geographic or institutional constraints. By leveraging Anoma’s intent-centric design and Zoo Finance’s liquidity solutions, anyone can participate in the emerging Decentralized Data Economy by simply running a solver node and earning fees and rewards for their efforts. About Reppo Reppo is a decentralized infrastructure network that provides AI developers with permissionless, on-demand access to specialized data, infrastructure, and capital. Its intent-centric architecture enables autonomous entities to discover, negotiate, and settle resource transactions without reliance on traditional intermediaries. About Anoma Anoma is a distributed operating system for intent-centric applications, facilitating expressive and human-centric interactions in decentralized environments. Its architecture supports the development of applications that prioritize user intent and autonomy. About Zoo Finance Zoo Finance is a structured protocol focused on enhancing liquidity utilization in decentralized finance. Its Liquid Node Token (LNT) protocol enables the tokenization and fractional ownership of infrastructure nodes, promoting broader participation and capital efficiency. For more information, users can visit repposolvers.xyz. Contact CEO RG Rmadya Reppo Labs founders@reppo.xyz Disclaimer: This content is a press release from a wire service. This press release is provided for informational purposes only. We have not independently verified its content and do not bear any responsibility for any information or description of services that it may contain. Information contained in this post is not advice nor a recommendation and thus should not be treated as such. We strongly recommend that you seek independent financial advice from a qualified and regulated professional, before participating or investing in any financial activities or services. Please also read and review our full disclaimer.

Read More

Chainalysis: Haowang Shutdown Won’t Stop Telegram Crypto Scam

The takedown of Haowang Guarantee, once the largest illicit online marketplace for crypto scammers, is unlikely to disrupt the broader scam ecosystem, according to blockchain analytics firm Chainalysis. Chainalysis said the closure of Haowang, also known as Huione Guarantee, did little to weaken the structure behind crypto-related fraud. “The enablers remain intact,” the firm said, adding that vendors simply migrated to other platforms. Haowang operated through Telegram, offering a marketplace where third-party sellers provided money laundering services, identity data, and scam tech, all without KYC. Telegram shut down the group’s accounts last week after FinCEN labeled parent company Huione Group a money laundering operation tied to North Korean cyber actors. “Vendors migrate, new services fill the void, and users adapt quickly,” Chainalysis wrote. “These services are built for redundancy.” While the crackdown disrupted activity in the short term—scrambling some broker relationships and rerouting traffic—Telegram remains the primary hub for such services due to its pseudonymous setup and limited content oversight. Telegram said it removes illicit activity “whenever discovered,” but did not respond to questions about specific enforcement mechanisms. Chainalysis noted that even Telegram’s tolerance has limits, pointing to its cooperation following FinCEN’s actions. Still, the analytics firm argued that marketplace takedowns no longer deliver lasting results, and urged regulators and investigators to focus on on-chain behavior patterns to track bad actors. “The core infrastructure hasn’t been dismantled,” the report concluded. “Only the storefronts have changed.” Elliptic, which tracks blockchain-based financial crime, estimated Haowang facilitated more than $27 billion in illicit crypto transactions, primarily using the Tether (USDT) stablecoin. The broader Huione Group, of which Haowang was a part, was linked to over $98 billion in crypto activity. In January, Huione launched its own stablecoin, USDH, and an independent chat service in a bid to reduce reliance on third-party platforms like Telegram and Tether. The marketplace catered to organized scam networks across Southeast Asia. Services reportedly included money laundering, stolen personal data, tools for “pig butchering” scams, deepfake software, telecommunications gear, and even physical restraint devices used in scam call center compounds. Earlier this month, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) designated Haowang as part of a money laundering network. The platform was set to be cut off from the U.S. financial system. Despite the takedown, Elliptic warned that similar operations continue to surface. A related marketplace known as Xinbi Guarantee, also Telegram-based, handled at least $8.4 billion in transactions, according to the firm’s analysis. Elliptic believes the real figure is likely much higher. Xinbi has been linked to a Colorado-based shell company registered in 2022 but listed as delinquent since January. These marketplaces form the foundation of a China-based underground banking system, heavily reliant on stablecoins and crypto transactions for cross-border money laundering.

Read More

OneRoyal Announces Mark Saunders as the New Leader of Market Research and Analysis

Global brokerage OneRoyal has introduced James Trescothick as Head of Market Research and Analysis to further support the firm’s efforts in educating its clients and offering market research. James will lead the content of OneRoyal from Cyprus, with live analysis, informative commentary and webinars. With over two decades in the trading world, James has gained a loyal following in the community for his unique way of teaching trading. As time has passed, he has earned a strong fan base from across the globe by giving engaging webinars, analyzing markets in real-time and making videos to help people of all levels of trading. “Joining OneRoyal feels like returning to my roots,” said James. “This company has always stood out for its commitment to empowering traders, and I’m thrilled to be a part of it once again. My goal is to bring cutting-edge insights and interactive content to the table, helping traders navigate the complexities of global markets.” A Step toward Better Assistance for Traders Now, James will coordinate OneRoyal’s worldwide market study, giving detailed insights into macroeconomic trends, the state of markets and possible trading opportunities. By using live broadcasts, daily updates and interactive sessions, he will teach clients how to trade with more confidence. “We are delighted to welcome James back to the OneRoyal family,” said Dominic Poynter, CMO at OneRoyal. “His expertise and passion for market education, combined with his ability to connect with traders through live content, make him the perfect fit to lead our market research initiatives.” Expanding OneRoyal’s commitment to education James’ return demonstrates that OneRoyal continues to invest in education, making top-class research and professional insights available to its clients. Showing the path through complex markets and turning strategies into advice will help Gino build on the excellent client experience. Exclusive webinars, video briefings and quick updates are available to traders to provide clarity about global markets. OneRoyal’s mission to help traders by providing transparency, useful information and learning matches what James already does. About OneRoyal OneRoyal is an international broker that gives access to many financial assets including forex, commodities, indices and shares. Using client success and openness as top priorities, along with modern technology, OneRoyal serves both retail and institutional traders across several regulated areas. To keep up with James and find more information on his work, check out the website of OneRoyal.

Read More

KuCoin Pay has partnered with AEON to boost Web3 mobile payments for both retail and e-commerce

KuCoin Pay and AEON have joined forces to offer next-generation Web3 mobile payment services in both online and physical stores. Collaborating with ArcBlock, KuCoin Pay looks to provide faster, more accessible and less expensive Web3 payment options. Thanks to AEON’s chain-agnostic platform, KuCoin Pay enables its users to spend USDT, USDC, ETH, TON and BNB anywhere online or offline. It allows users to spend crypto at stores and online with more convenience and ease. Allowing Web3 Transactions to Take Place in Day-to-Day Situations For this partnership, AEON introduces a wide range of tools. Paying for goods within stores can be done easily with Web3 Mobile Payments. Web3 Payments has supported online websites and apps for payment checkouts. You can set up payments so that your subscriptions and planned transactions are handled automatically. They help address issues for seamless transactions while using KuCoin Pay and add value to its global payment system. The plan is to support crypto transactions in many Asian and growing markets, so they are easier for the public. The spokesperson for KuCoin Pay explained that the partnership with AEON helps the company accelerate the move towards Web3 payments across retail. “By working together, we are making cryptocurrency transactions simpler, safer and easier for all users.” Broadening the Merchant Network and Groundwork In the future, KuCoin Pay and AEON intend to grow their list of merchants and provide more ways for integration. The partnership will work towards introducing fresh ideas into the Web3 payment industry, supporting merchants and consumers and ensuring that payments remain simple and suitable for the modern world. Thanks to the initiative, those interested in blockchain can now become a part of the inclusive and worldwide crypto economy. An explanation of KuCoin Pay KuCoin Pay is a method for paying with crypto that is developed by KuCoin. KuCoin wallet enables users to pay for items using over 50 cryptocurrencies, including KCS, BTC, USDT and USDC, at merchants locally and across different regions. Blazing a trail with cryptocurrency, KuCoin Pay helps businesses expand their customer base globally. For further information, visit https://www.kucoin.com/pay About AEON The next-gen protocol called AEON aims to make it easy, scalable and possible to use crypto coins in the real world. EVM, SVM and TON, as well as upcoming networks, are all supported, along with several other important features. Easily switch networks using Pay. By subscribing, I have authorized the company to make automatic payments. Ways of giving tips to content creators Less than a year after its launch, AEON handles over $2.5 million in payments and has over 30,000 active users. Telegram | Medium | X | Website

Read More

Showing 1001 to 1020 of 1424 entries
DDH honours the copyright of news publishers and, with respect for the intellectual property of the editorial offices, displays only a small part of the news or the published article. The information here serves the purpose of providing a quick and targeted overview of current trends and developments. If you are interested in individual topics, please click on a news item. We will then forward you to the publishing house and the corresponding article.
· Actio recta non erit, nisi recta fuerit voluntas ·