Company News 99 | MachinaTrader.com

MicroStrategy’s Michael Saylor Bullish on Bitcoin ETF Approval and Halving Impact

MicroStrategy’s founder and executive chairman, Michael Saylor, recently discussed his company’s Bitcoin investments and the potential impact of a spot Bitcoin ETF. Saylor expressed optimism about the approval of a spot Bitcoin ETF, believing it would accelerate adoption and increase institutional awareness of Bitcoin. He also highlighted MicroStrategy’s differentiated offering, which generates a tax-deferred Bitcoin […]

National Bank of Georgia Partners with Ripple for Central Bank Digital Currency Pilot

The National Bank of Georgia (NBG) has partnered with Ripple to launch a pilot program for a central bank digital currency (CBDC) called the Digital Lari. Ripple’s CBDC platform, built on a private version of the XRP ledger, will enable the NBG to mint, manage, and redeem CBDCs in a flexible and scalable manner. Ripple […]

PayPal Faces SEC Subpoena Over PYUSD Stablecoin, Adding to Regulatory Scrutiny

PayPal, the global payments firm, has received a subpoena from the US Securities and Exchange Commission (SEC) regarding its PYUSD stablecoin. The subpoena requests the production of documents, and PayPal has stated that it is cooperating with the SEC in connection with this request. This comes as regulatory scrutiny around stablecoins increases, with Circle, the […]

Swiss Bank SGKB Expands Services to Include Bitcoin and Ethereum Trading

St. Galler Kantonalbank (SGKB), one of Switzerland’s oldest banks, has made a significant move into the world of cryptocurrency. Through a partnership with SEBA Bank, SGKB now offers its clients the ability to trade and store Bitcoin (BTC) and Ethereum (ETH). This expansion into digital assets puts SGKB at the forefront of Swiss banks embracing […]

Polygon’s Ambitious Goal: Becoming a Leading Cryptocurrency Project

Sandeep Nailwal, co-founder of Polygon (formerly known as Matic Network), has always had a burning desire to achieve greatness. Growing up in poverty in a Delhi ghetto, he was determined to make a big impact and not settle for mediocrity. Despite reaching a $19 billion market cap and becoming one of the top 10 cryptocurrencies, […]

USD Coin’s Circulating Supply Drops Below 25 Billion as Tether’s USDT Gains Momentum

USD Coin (USDC), the second-largest stablecoin, has experienced a decline in its circulating supply, falling below 25 billion for the first time since 2021. This decrease in supply is a result of Circle, the issuer of USDC, curbing minting services for retail users. Circle stated that they have discontinued their customer app and are now […]

PayPal Faces SEC Subpoena Over USD Stablecoin: A New Milestone in the Intersection of Traditional Finance and Digital Currencies

PayPal, the digital payment giant, has received a subpoena from the Securities and Exchange Commission (SEC) regarding its U.S. dollar stablecoin, PYUSD. This development highlights the growing intersection between traditional finance and digital currencies. PayPal made waves in August when it became the first major company in its field to embrace digital currencies for payments […]

Swiss Bank SGKB Partners with SEBA Bank to Offer Bitcoin and Ethereum Services

St. Galler Kantonalbank, Switzerland’s fifth-largest cantonal bank, has entered the world of digital assets through a strategic partnership with SEBA Bank. This move signifies a significant step in the adoption of cryptocurrencies within the Swiss banking industry. SGKB has launched digital asset custody and trading services for select clients, starting with Bitcoin and Ethereum. This […]

SafeMoon Executives Charged with Fraud and Unregistered Securities Sales

The United States Securities and Exchange Commission (SEC) has charged SafeMoon and three of its executives with fraud and unregistered securities sales related to its SafeMoon token. The SEC alleges that Kyle Nagy, the creator of SafeMoon, along with CEO John Karony and chief technology officer Thomas Smith, withdrew $200 million from the project and […]

Visa Completes CBDC Pilot Programme in Hong Kong with HSBC and Hang Seng Bank

Visa, the payment processor, has successfully completed the Hong Kong Monetary Authority’s central bank digital currency (CBDC) Pilot Programme in collaboration with HSBC and Hang Seng Bank. The program, known as e-HKD, involves the tokenization of deposits, where money deposited with a bank is converted into digital tokens on the bank’s blockchain ledger. Visa’s pilot […]