Coins.ph Partners with Palawan Pawnshop for Seamless Cash-Out Services in the Philippines
Coins.ph has teamed up with Palawan Pawnshop to provide convenient cash-out services across the Philippines, allowing users to withdraw funds from their digital wallets at over 3,000 Palawan branches nationwide. This partnership aims to enhance financial inclusion by offering more accessible ways for Filipinos to access their digital funds. As digital wallets become increasingly popular for remittances and daily transactions, this collaboration helps bridge the gap between traditional and digital financial systems in the country. (Manila Bulletin)
Circle Secures MiCA-Compliant EMI License for European Expansion
Circle, the issuer of USDC, has successfully obtained an Electronic Money Institution (EMI) license under the European Union's Markets in Crypto-Assets (MiCA) regulatory framework. This compliance allows Circle to operate within the EU, ensuring that its stablecoins are issued in accordance with European financial regulations. The move positions Circle for continued growth in the European market, where demand for regulated digital assets like USDC is rising. (Coindesk)
Nigeria Establishes AI and Blockchain Research Centers to Drive Innovation
Nigeria has launched research centers focused on artificial intelligence (AI) and blockchain technology to foster digital innovation and support local startups. These centers are part of a broader strategy to enhance technological education and position Nigeria as a hub for blockchain and AI in Africa. With the addition of innovation sandboxes, the government is working to encourage entrepreneurship and investment in emerging technologies across the continent. (Cointelegraph)
Galaxy Digital Sees Positive Outlook for Crypto Venture Capital Amid Market Downturn
Galaxy Digital has expressed optimism about the crypto venture capital sector despite the ongoing market downturn. The company highlights growing institutional interest and a strong pipeline of promising projects, which are driving confidence in the long-term potential of blockchain technologies. As regulatory clarity improves and innovation accelerates, Galaxy Digital remains confident that crypto investments will continue to flourish. (The Block)
Telegram's Hamster Kombat Game Gains Massive Popularity, Attracting 239 Million Users
Telegram’s Hamster Kombat game has quickly become a sensation, amassing 239 million users since its launch. The game, which allows players to compete in virtual hamster battles, leverages Telegram's extensive user base and growing interest in blockchain-based gaming. This success further solidifies Telegram's position as a multifaceted platform, with plans for token airdrops set to introduce more users to the world of cryptocurrency and digital entertainment. (Cointelegraph)
Basel Committee Approves Crypto Disclosure Framework for Banks
The Basel Committee has approved a new disclosure framework for banks regarding their cryptocurrency exposures, aiming to increase transparency and risk management. The framework requires financial institutions to disclose their crypto-related activities, which will help regulators assess risks more effectively. This development marks a significant step toward more comprehensive regulation of digital assets in traditional banking systems worldwide. (Coindesk)
Solana Meme Coins Outperform Ethereum Tokens: A Look at the Growth of Solana-Based Coins
Solana-based meme coins have outperformed their Ethereum counterparts by over 800% in year-to-date performance, highlighting the growing popularity of Solana in the meme coin market. The network's scalability and low transaction fees have attracted developers and users looking for more efficient platforms. This trend suggests that Solana is becoming a dominant force in the meme coin space, outpacing Ethereum with its faster, more cost-effective blockchain. (BeInCrypto)
