Crypto Ethone

  Worldcoin ’s World ID Adoption Surpasses 1% of Chilean Population: A Cause for Celebration or Concern? A  blog post  shared by the WorldCoin team has confirmed that more than 200,000 people in Chile have signed up for its global identity protocol, World ID. With a total population of 19.5M residents, the figure represents over 1 percent of the population. Launched in July 2023 in the South American country, the project has received great support in the region. As the project expands its foothold in South America, the team has announced project contributors at Tools for Humanity (TFH) have recently started operations in Vina del Mar and Concepcion. The new stations will be in addition to the already established operations in Chile’s capital Santiago. Worldcoin project co-founder and CEO of Tools for Humanity Alex Blania recently spoke on the Ethereum Argentina Mainnet Stage, of the of the project’s scaled-up global engagement and growth in South America. The co-founder ...

  The leaked documents have been described as the "largest" in Xbox history. Recently leaked documents reveal that tech giant Microsoft plans to integrate cryptocurrency wallets into its Xbox gaming console. The leaked internal documents posted on the gaming forum  ResetEra  show that the Xbox roadmap for May 2022 included crypto wallet support. However, specifics about this planned integration were not shown. Phil Spencer, head of Xbox, attributed the leak to the Federal Trade Commission’s legal action against Microsoft. The FTC’s opposition to the $69 million Activision Blizzard acquisition resulted in Microsoft unintentionally including leaked documents within their submissions. Reports  showed that the leaked documents revealed key communications between Xbox executives, plans for a new disc-less Xbox Series X, a gyro controller, and even a next-gen hybrid Xbox in 2028. Nevertheless, Spencer tried to make light of the leak, noting that some plans had already chan...

  Norman Reed Joins Binance.US as General Counsel Binance .US today announced Norman Reed’s appointment as General Counsel. In his new role, Norman will helm Binance.US’ legal team and help drive the organization’s efforts to become the most compliant digital asset platform in the U.S. “It is a rare opportunity to find a legal leader with experiences from the Security and Exchange Commission and the Federal Reserve Bank of New York as well as Crypto and FinTech; thankfully we found that in Norman ,” said Brian Shroder, CEO of Binance.US . “I’m confident that Norman’s expertise will help pave the way forward for Binance. US to become the most successful and compliant participant in the digital asset industry.” Norman has extensive senior executive experience in the digital asset arena, including virtual currencies and cryptocurrencies.Before joining Binance.US, he served as General Counsel for financial services companies including Onsa, Nanopay, Carta, Ripple, and Omgeo, LLC. In e...

PayPal has launched a new off-ramp service that will allow users to convert crypto into USD directly from their wallets to their PayPal account.  According to the official announcement, the new service is live on Metamask as of today.  However, the service is only available to U.S. customers at the moment.  The service aims to simplify how wallets, dApps, and NFT marketplaces enable buying and selling .  The official press release stated: “By adding Off Ramps, crypto wallet users in the U.S. can convert their crypto to USD directly from their wallets into their PayPal balance so they can shop, send, save, or transfer to their bank or debit card.”  The firm also said that users can benefit from its robust security controls and tools for fraud management, chargebacks, and disputes.  The latest service is an extension of PayPal’s “On-Ramps,” which enable U.S. consumers to directly buy crypto via the platform.  The On-Ramp service is currently only avail...

  Zodia Custody, a company that helps large institutions store their crypto , launched in Singapore on Tuesday in a bid to tap into the country’s rapidly growing digital asset market. The development makes Zodia the first entity that is owned by and partnered with banks to provide digital asset custody services for financial institutions in Singapore, Zodia said in a news release. Zodia is a subsidiary of Standard Chartered, the British bank with a presence largely in emerging markets, such as Asia, Africa and the Middle East. StanChart launched Zodia in 2021 alongside Northern Trust, in a move that highlighted curiosity from big institutions in interacting with digital currencies. Zodia is also part-owned by SBI Digital Asset Holdings, the crypto division of Japanese bank SBI. As part of that deal, SBI also agreed to launch its custody business in Japan. Zodia said it wants to expand across Asia-Pacific to cater to growing demand from institutions for bank-grade custody of digital...

  Following a Crypto.com issuer pilot, Visa expands stablecoin settlement capabilities with Circle’s USDC, adding pilot programs with merchant acquirers Worldpay and Nuvei, and utilizing the Solana blockchain. Visa, a global leader in payments, announced its next step in modernizing cross-border money movement. Visa is expanding its stablecoin settlement capabilities to the high-performing Solana blockchain and is working with merchant acquirers Worldpay and Nuvei. Through live pilots with issuers and acquirers, Visa has already moved millions of USDC between its partners over the Solana and Ethereum blockchain networks to settle fiat-denominated payments authorized over VisaNet. When consumers use Visa cards to make a purchase at any of the millions of Visa-accepting merchant locations around the world, they can experience the convenience of nearly instant payment authorizations. But what they don’t see is that the funds used for their purchase need to move between their bank (the...