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Mastercard, Visa play down stablecoin threat

Payments Dive

As stablecoin legislation has advanced in Congress the possibility has increased that these cryptocurrencies will soon have a legal framework in the U.S. As a result, businesses are rushing to embrace the new digital currency typically pegged to the U.S.

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Bitcoin Tracker: Challengers And Backlogs

PYMNTS

It’s been a varied week for bitcoin. First, some positive news: Bitcoin’s upward pricing trend continues, more or less. It opened this morning with a value of $742 and peaked at $744 (about as close as bitcoin has come to its year high since it hit $768 back in June). The reputation of bitcoin precedes it.

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Bitcoin Daily: Darknet Bitcoin Spending Slides During COVID-19 Pandemic; Telegram Prohibited From Issuing Tokens To Foreign Investors

PYMNTS

Spending at darknet markets declined during the past two months even with a drop in the price of the digital currency, per Chainalysis data, as the coronavirus pandemic has impacted every part of the global economy, CoinDesk reported. Darknets are websites that facilitate the sale of products such as counterfeit currencies.

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Lawmakers Push To Fast-Track Crypto Regulation

PYMNTS

Are new bitcoin rules coming? is falling behind: Japan and Switzerland have developed legal frameworks that have attracted cryptocurrency projects and investment. It is part of a broader push to boost the nascent cryptocurrency industry.” Not only that, but the newspaper said the U.S. They also worry the U.S.

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Singapore Bitcoin Exchange Startup Raises $16M

PYMNTS

A startup in Singapore offering bitcoin exchange and cryptocurrency services just secured another major round of funding. According to reports, Quoine is the largest bitcoin exchange that operates in a major bitcoin market, Japan, as it has $50 million bitcoins transacted over its exchange per day.

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Lawmakers Push To Fast-Track Crypto Regulation

PYMNTS

Are new bitcoin rules coming? is falling behind: Japan and Switzerland have developed legal frameworks that have attracted cryptocurrency projects and investment. It is part of a broader push to boost the nascent cryptocurrency industry.” Not only that, but the newspaper said that the U.S. They also worry the U.S.

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Banks and Stablecoins: a first step towards bridging traditional finance and the crypto world

Finextra

While their mechanisms may vary, they all aim to combine the trust and stability of fiat currencies (most commonly the US Dollar) associated with traditional banking infrastructure with the efficiency of blockchain-based transfers, thereby avoiding the volatility inherent in traditional cryptocurrencies like Bitcoin or Ethereum.