ChainFabricNews

image source: coingreek The world of cryptocurrency is evolving rapidly, and New Zealand is making strides to integrate digital currencies into everyday life. One of the most exciting recent developments is the launch of the New Zealand Dollar-Pegged Stablecoin (NZDD). This innovative stablecoin, created by Easy Crypto in partnership with Australian blockchain company Labrys, is designed to offer Kiwis a stable and secure way to navigate the world of cryptocurrency. What Exactly is a Stablecoin? For those who are new to cryptocurrencies, stablecoins are digital currencies that are designed to minimize price fluctuations by tying their value to something more stable, such as a national currency or a commodity. The NZDD is pegged to the New Zealand Dollar (NZD), meaning that one NZDD will always be worth the same as one NZD. This brings a much-needed element of stability to the world of cryptocurrency, which is known for its volatility. Unlike well-known cryptocurrencies like Bitcoin and...

image source: Fintech News Singapore Singapore’s institutional investors are showing growing confidence in cryptocurrencies, with many planning to expand their holdings in 2024. A recent survey conducted by Swiss crypto bank Sygnum found that nearly 75% of institutional investors in Singapore are looking to increase their crypto portfolios. This shift highlights the rising acceptance of digital assets as a legitimate investment class in the country. Why Are Institutions Turning to Crypto? In the past, cryptocurrencies were primarily associated with retail investors and speculative trading. However, institutions are now recognizing the long-term value of digital assets and their potential for portfolio diversification. Hedge funds, asset managers, and family offices are increasingly allocating capital to cryptocurrencies as part of their broader investment strategies. One of the main reasons behind this shift is Singapore’s evolving regulatory landscape. The Monetary Authority of Singap...

image source: Linkdin  The cryptocurrency world is undergoing a major transformation, and Europe is at the heart of it. With the European Union (EU) rolling out its new Markets in Crypto-Assets (MiCA) regulation, crypto exchanges are finding a clearer and more welcoming regulatory environment. This move is making the EU an attractive destination for digital asset businesses looking to expand their operations with confidence. Why MiCA is a Game-Changer The Markets in Crypto-Assets (MiCA) regulation, which officially came into effect in 2023, is designed to provide a standardized legal framework across the EU for crypto exchanges, wallet providers, and token issuers. One of the key aims of MiCA is to eliminate regulatory uncertainty, ensuring businesses and investors operate in a secure environment. This initiative introduces clear guidelines on transparency, anti-money laundering (AML) requirements, and consumer protection. By setting universal standards, MiCA allows crypto firms to...

image source: Reuters The United Kingdom's National Crime Agency (NCA) has recently uncovered a massive cryptocurrency money-laundering network responsible for billions of dollars in illicit transactions. This shocking revelation highlights the growing concerns around digital currencies being exploited for illegal activities, making it crucial for authorities to tighten regulations and improve monitoring. How the Crypto Crime Network Operated The investigation found that criminals were using Tether (USDT) , a widely-used stablecoin pegged to the US dollar, to move illicit funds across borders. Unlike Bitcoin, which has a transparent blockchain, stablecoins like Tether offer quicker transactions and a level of anonymity that criminals find appealing. The operation worked by channeling large amounts of illicit money through crypto mixers and unregulated exchanges to obscure transaction origins. Crypto mixers, also known as tumblers, blend various cryptocurrency transactions, making ...