The DOJ said Tornado Cash was a money transmitting business, among other details.
Republic First Bank's 32 branches across the United States will reportedly reopen under Fulton Bank starting next week.
Standard Chartered Bank will be expanding and enhancing its suite of payments solutions with a focus on facilitating faster, and more cost effective businesses to business (B2B) transactions as it has now joined Visa B2B Connect, a multilateral payment network that enables faster and frictionless account-to-account cross-border payments for its corporate clients. Built upon Visa’s extensive global network, Visa B2B Connect offers multilateral connectivity to all network members through a single connection with transparent timeframes and costs, offering predictability and cost effectiveness. These capabilities help meet the needs of corporates of all sizes that are actively looking at ways to achieve quicker, more secure, and more efficient cross-border payments. The Bank will also act as one of Visa’s settlement partners within the network. In this capacity, it will facilitate payment flows, including settlement accounts, funds movement and FX capabilities for Visa. Philip Panaino, global head of cash at Standard Chartered Philip Panaino, global head of cash at Standard Chartered, said: “We are delighted to build on our existing partnership with Visa to deliver this innovative and future-ready cross border payment network offering to our clients. We will join as a participant bank and as Visa’s new settlement partner for a set of currencies.” Launch and roadmap Standard Chartered will provide Visa with the ability to extend additional settlement currencies and locations to its participant banks. Furthermore, the API solution offered by Standard Chartered supports the network design to allow network participants to benefit from the transparency of their payment status at any point in time. It does so by facilitating seamless payment and auto reconciliation. Standard Chartered is currently the settlement bank for Visa B2B Connect in the United Arab Emirates and is also a new settlement bank for Singapore, with additional plans underway to include the United States. The strength of the Bank’s FX liquidity capabilities and market presence also allows payments initiated in Singapore Dollars (SGD) and United Arab Emirates Dirham (AED) or other settlement currencies to be delivered to up to 100 currencies, further enhancing Visa’s network and client experience. The service will initially be available for Standard Chartered Singapore clients, although more entities will be added to the network in the months ahead. Through application programming interface (API) connectivity between Standard Chartered and the Visa B2B Connect network, transactions will be routed directly to Visa for further processing, removing multiple intermediaries and the associated costs and delays. Supporting corporates on their payments journeys Ben Ellis, senior vice president, global head of Visa B2B Connect at Visa Pananio added: “In today’s increasingly interconnected world, both corporates and payment networks are constantly looking for solutions and partners that can help them simplify cross border transactions and improve operational efficiencies, without compromising on security. Our engagement in the Visa B2B Connect network – both as a participant and as a settlement bank – is yet another way we are delivering value add to the broader ecosystem as we support corporates on their payments journey.” “Visa is committed to modernising cross-border payments around the world and the collaboration with Standard Chartered will extend our network even further,” said Ben Ellis, senior vice president, global head of Visa B2B Connect at Visa. “We are excited to be partnering with Standard Chartered to simplify and speed up transactions for their clients, cutting out middlemen and reducing costs for a more efficient and secure way to move money globally.” The post Standard Chartered Takes Next Step in Improving B2B Cross-Border Payments Through Visa B2B Connect appeared first on The Fintech Times.
The Philadelphia-based bank's parent company, Republic First Bancshares, had been roiled by a yearslong proxy battle involving activist investors groups and its former CEO.
Banks’ latest earnings result underscore the industry's ongoing evolution to meet the changing demands of tech-savvy consumers.
The post DOGE’s position on the list keeps interest in meme coins alive appeared first on Coinpedia Fintech News The segment of meme coin heavily enjoys support from the community. For one, it does take pride in entertaining the community members. Two, an ideal objective is to stay in the game and yield productive results for token holders. Just like the crypto sphere on a macro level, there are changing dynamics in the meme coin sector too – something that precisely needs to be addressed for a rough understanding of where the segment can go in the times to come. DOGE, even though at the top of the charts for meme coins, is listed at the 8th position in the list of cryptocurrencies. This is based on the Market Cap of all the tokens considered with DOGE rallying at $21,700,008,236 at the time of writing this article. Position of Dogecoin (DOGE) and developments DOGE is well-positioned in the top 10 cryptos in terms of Market Capitalization. Dogecoin is closely followed by Shiba Inu’s SHIB. A couple of developments that are driving DOGE in the market are on two sides – positive and negative. For starters, the positive side estimates that DOGE could soon find comfort in the bull run provided it sustains the mark of $0.15. It is seen doing so while drafting this article, listed at $0.1509. The red-line trading activity is likely to be temporary, influenced by what is happening in the market. This takes the course to the second side – negative. Whales were seen moving ~456 million DOGE coins to Coinbase as of April 26, 2024. This happened in two separate transactions, with the following makeup: 228.10 million + 228.72 million. For reference, a single DOGE is listed at around $0.15. These transactions have sparked bearish sentiments to make traders and investors believe that there is a loss of interest in DOGE. No confirmation has surfaced so far considering transactions executed by whales remain unidentified. The technical indicator is furthering the worry of traders. For instance, the Head-and-Shoulder formation of DOGE on the graph has been flagged by analysts based on the 12-hour chart. Nevertheless, Dogecoin has emerged as one of the mainstream cryptos that houses a robust network and infrastructure. It continues to instill a sense of confidence, especially with a Musk-DOGE 1-minute animation making rounds on X. Scope for other meme coins Three meme coins are worth mentioning here, for they demonstrate a positive growth in token value and Market Cap. These are SHIB, MVP, and PEPE. SHIB is rallying at $0.00002551 with a surge of 2.45% in the last 24 hours. It is only two times that the meme coin has plummeted below $0.0000250 in the last 24 hours. The picture in the last 7 days is certainly a different one but it still depicts a rise of 12.82%. MAGA VP, also known as MVP, meme coin is emerging rather strongly as a candidate to revolutionize the landscape as a PolitiFi meme coin. The token value is $0.1326, up by 99.83% in the last 7 days. The 24-hour volume has surged by 7.29% with a slight decrease in Market Cap of 8.23%. PEPE is exchanging hands at $0.000007476, an increase of 3.17% in the last 24 hours and 45.29% in the last 7 days. It is one of the few meme coins to have seen a rise in Market Cap and 24-hour volume at the press time – 3.27% and 5.34%, respectively. Conclusion DOGE is setting the stage for the meme coin segment. A total of three cryptos could follow the trend early – SHIB, MVP, and PEPE. This is based on Market Cap and is subjected to volatility. It is recommended to conduct research and explore the market before allocating funds to any crypto.
BlockDAG Leads with Moon Keynote Strategy as Presale Hits $20.6 Million Amid Cardano Downturn & Toncoin’s Telegram-Driven Rise BlockDAG is making headlines in the cryptocurrency world with its dynamic moon keynote strategy, achieving a remarkable $20.6 million in its presale amidst the fluctuating market trends. As Cardano experiences a notable downturn with a 27% drop in price, and Toncoin enjoys a rise fueled by its new Telegram partnership, BlockDAG distinguishes itself with groundbreaking innovation. The introduction of its moon keynote has captivated investors, further elevating the project’s visibility and appeal in a competitive field. This strategic move not only boosts BlockDAG’s market position but also highlights its potential to outperform established cryptocurrencies. With its innovative approach and promising technological advancements, BlockDAG is setting new standards in the crypto industry, aiming to transform how digital currencies are perceived and utilised on a global scale. Cardano’s Price Struggles In recent developments, Cardano has seen its price fall to $0.60 on April 11, marking a significant 27% drop from its earlier high this year. The slowdown in the network’s expansion and its lag in capturing a substantial share in the DeFi space have impacted its market performance negatively. Despite a market capitalisation of over $20 billion, Cardano’s presence in key blockchain sectors remains minimal, with its major lending protocol, Liquid, holding just $57 million in Total Value Locked (TVL). These factors have led to perceptions of Cardano as a “zombie coin,” a term reflecting its stagnation despite a high valuation. Toncoin’s Rise Through Telegram Alliance Toncoin has recently outpaced Cardano in market capitalisation, spurred by a 13% price increase to a new high of $7.08, largely driven by Telegram’s integration that includes distributing advertising revenue in TON and accepting payments for advertisements in the same currency. This move has raised Toncoin’s market cap to more than $23 billion, surpassing Cardano’s $21.4 billion. A noteworthy development is the introduction of Notcoin, a game on Telegram with 35 million players, which plans to launch its native token on the TON blockchain. This strategic partnership highlights the impact of collaborations in expanding cryptocurrency use and adoption. BlockDAG’s Innovative Cryptocurrency Model At the forefront of cryptocurrency innovation, BlockDAG is making significant strides with its PHANTOM protocol and GHOSTDAG algorithm, which redefine the standards of network performance and security. Unlike traditional blockchain architectures, BlockDAG’s DAG chain technology provides superior scalability, security, and decentralisation. As Cardano struggles to regain its footing and Toncoin captivates attention through its partnership, BlockDAG is transforming the digital currency landscape with a model that effectively counters malicious activities and facilitates fair and efficient transaction processing. Widening Influence with a Moon-Keynote Preview The BlockDAG team is boosting the project’s appeal by releasing a teaser for a keynote video filmed on the moon. This pioneering move will substantially enhance the project’s visibility and impact, positioning the BlockDAG presale as a defining moment in the cryptocurrency sector. This creative marketing tactic is set to elevate the project’s profile and broaden its influence significantly. BlockDAG’s Investment Appeal BlockDAG’s robust presale performance, having already raised over $20 million with sales projections climbing to $5 million daily, positions it as a promising investment. With a target price of $30 by 2030, investors quickly recognise BlockDAG’s potential, not just as another digital currency but as a future cornerstone of digital finance. $20.6 million. BlockDAG becomes a top investment choice, offering an unparalleled ROI potential of 30,000x for early investors at a current price of $0.006. Conclusion: BlockDAG’s Dominance in the Crypto World As the cryptocurrency sector continues to evolve, BlockDAG shines brightly against fluctuating markets for Cardano and the buzz around Toncoin’s new partnership. With a revolutionary approach to consensus and a strategic marketing move with a moon keynote, BlockDAG is not just keeping up—it’s setting a new pace in the industry. Its advanced technology and significant presale achievements earmark it as the top investment opportunity in the space, with expectations for substantial growth and innovation continuing to escalate. Join BlockDAG Now! Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here. The post BlockDAG’s Momentum Surpasses Cardano Price Predictions & Toncoin’s Outlook appeared first on The Merkle News.
The creator of the Bored Ape Yacht Club has been struggling with a changing market and still plans to focus on its Otherside metaverse project.