18 May 2025, 18:58

Ripple (XRP) and Stellar (XLM) Providing Instant Payment Remittance Services in Malaysia

The global remittance landscape continues to evolve as digital payment solutions gain traction, particularly in regions with significant unbanked populations. Recent reports highlight how Ripple (XRP) and Stellar (XLM), two major blockchain-based payment platforms, are making considerable strides in providing instant remittance services in Malaysia. A recent X post by SMQKE emphasized the critical role these blockchain networks play in enhancing payment efficiency and accessibility. Ripple and Stellar —> Providing Instant Payment Remittance services in Malaysia pic.twitter.com/VrvJJxjTJP — SMQKE (@SMQKEDQG) January 28, 2025 Ripple (XRP) and Its Role in Cross-Border Payments Ripple (XRP) is renowned for its partnership with over 100 banks worldwide, forming a robust network that facilitates seamless cross-border transactions. The platform’s primary goal is to eliminate intermediaries in the payment process, allowing for quick and cost-effective international transfers. By leveraging blockchain technology, Ripple ensures that transactions between banks are completed almost instantaneously, significantly reducing processing time and transaction fees. In Malaysia, the adoption of Ripple’s technology for remittance services is driven by the need for a more efficient and affordable way to transfer funds across borders. The integration of XRP into financial ecosystems supports the seamless exchange of currency, with funds being converted to XRP and subsequently to the local currency within seconds. This feature has proven particularly valuable for migrant workers sending money back to their families. Stellar (XLM) and Financial Inclusion Stellar (XLM) takes a slightly different approach, focusing on providing financial inclusion to underserved communities. Unlike Ripple’s strong banking partnerships, Stellar operates as a non-profit organization aiming to reach economically marginalized areas. The platform facilitates low-cost transactions and supports unbanked individuals by enabling peer-to-peer payments without requiring a traditional banking infrastructure. In Malaysia, Stellar’s presence is growing as more remittance companies adopt its technology to offer quicker, more affordable cross-border payment solutions. The network’s ability to process transactions in real time while maintaining minimal costs aligns well with the financial needs of both rural and urban communities. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Real-World Implementation: Mobile Money and bKash An important milestone for blockchain remittance services in Malaysia came earlier this year when Malaysian remittance company Mobile Money partnered with Bangladesh’s remittance company bKash to utilize RippleNet for cross-border payments. This collaboration facilitates remittances amounting to approximately $1.82 billion annually between the two countries. Through RippleNet, funds are transferred efficiently, enabling faster and cheaper transactions compared to conventional methods. This partnership demonstrates the practical application of blockchain technology in cross-border remittances , particularly for populations heavily reliant on sending and receiving money internationally. As Ripple’s network continues to expand, more companies are expected to leverage its ecosystem to streamline their payment services. The adoption of Ripple (XRP) and Stellar (XLM) in Malaysia underscores the growing acceptance of blockchain solutions in the financial sector, especially for international remittances. By enabling fast, reliable, and cost-effective transactions, both platforms are contributing to the modernization of the global payment infrastructure. As financial technology continues to evolve, Ripple and Stellar remain at the forefront of innovation, bridging the gap between traditional banking systems and the digital economy. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Ripple (XRP) and Stellar (XLM) Providing Instant Payment Remittance Services in Malaysia appeared first on Times Tabloid .

18 May 2025, 18:46

Germany’s BaFIN grants crypto license to Trade Republic amid slow MiCA rollout

European fintech giant Trade Republic has secured a full license from Germany’s financial regulator (BaFIN) to offer crypto services. With the move, it became the latest company to get licensed under the Market in Crypto Assets (MiCA) framework. According to Circle Senior Director for EU Strategy and Policy, Patrick Hansen, who shared the development on X, the firm is now authorized to custody crypto assets, execute orders, receive and transmit orders, and provide crypto transfers on behalf of clients. The license allows Trade Republic to offer all these crypto services throughout the 30 European Economic Area (EEA) countries. However, it would still rely on trading platforms and market makers to execute trades. Hansen described the move as evidence of how financial institutions in the region are already making efforts to get licensed under the MiCA before the transition period ends. He said: “The race is on: neobanks, brokers, other fintechs, and even traditional banks are all moving quickly to secure their MiCA licenses before transition periods end.” The transition period for the unifying crypto regulation for Europe is when crypto entities can operate without MiCA licenses in the EU. It is expected to end by the start of July 2026 or until the regulator grants or refuses authorization for companies that have applied. Trade Republic is one of the leading online brokers in Europe, with over 100 billion in assets under management and eight million customers across several European countries. It expanded to Italy earlier this year. 25 companies have secured MiCA licenses Meanwhile, Trade Republic getting authorization to offer crypto services by BaFIN means that 25 companies have now gotten licenses under the MiCA framework. This highlights how slow the licensing process has been in Europe, given that MiCA went into full force in December 2024. There have been concerns that the region’s regulatory approach may harm its efforts to attract crypto entities, especially when other regulators in Asia, the US, and the Middle East have become more permissive of the industry. However, it appears companies are still making efforts to comply with the new regulatory standards in Europe. Interestingly, the German financial regulator is leading in approval rate, with the BaFIN licensing nine out of the 25 countries. Hansen noted that this is 36% of all regulating crypto service providers on the continent. So far, the biggest name to have secured a license appears to be Circle , the issuer of USDC stablecoin. The company remains the only MiCA-licensed global stablecoin issuer after getting authorization as an electronic money institution from France’s ACPR, allowing it to issue USDC and EURC. Other crypto firms that have obtained licenses include OKX, BitGo Europe, MoonPay, Hidden Road, Socios.com, and BitStaete have also secured licenses. Interestingly, Ripple recently bought Hidden Road, likely to gain easier access to the European markets. Potential impacts of MiCA on the European crypto sector While a few major crypto companies already have MiCA licenses, others, such as Binance, Kraken, Robinhood, and Tether, are currently not licensed in the region. Although most of them have started the application process, there is a risk that some of these companies may not operate in Europe. Tether, for instance, has already decided against getting a MiCA license for its USDT stablecoin, claiming that the requirements are dangerous for stablecoins. This has made MiCA-compliant platforms in the region that delist USDT. However, it is not just the big companies that this affects. Some experts believe that MiCA could leave lasting damage on the crypto startup scene in Europe as most startups may not meet the licensing standards or be able to bear the cost of the process. Crypto attorney Ilja Nikiforov predicted that around 75% of European registered crypto companies would lose their registration by mid-2025 if they cannot get a MiCA license. He added that funding for European crypto startups has declined by more than 90% from the 2022 peak. KEY Difference Wire helps crypto brands break through and dominate headlines fast

18 May 2025, 18:23

Blum co-founder arrested, GENIUS Act proceeds, Trump’s WLFI integrates Chainlink | Weekly Recap

Today’s edition of the weekly recap covers the arrest of Blum co-founder Vladimir Smerkis, progress on U.S. stablecoin legislation, and World Liberty Financial’s blockchain integration. Russian authorities arrest former Binance exec The Zamoskvoretsky Court of Moscow initiated the arrest of a former Binance executive and co-founder of the Blum tap-to-earn app, Vladimir Smerkis. Per Russian media, the Zamoskvoretsky District Court granted an investigator’s request to detain Smerkis for alleged fraud. Details regarding the charges remain unclear. News of the arrest comes one day after Blum posted on social media that Smerkis has stepped down from his role as CMO. Alabama man sentenced for SEC social media hack A 26-year-old Alabama resident received more than a year in jail for his involvement in the SEC hack The individual used a SIM-swap technique with a fraudulent ID to hijack a phone number connected to the SEC’s account. Stablecoin legislation approaches Senate debate The “Guiding and Establishing National Innovation for U.S. Stablecoins” (GENIUS) Act is heading toward debate and potential passage next week despite recent setbacks. Senator Hagerty of Tennessee, the bill’s Republican sponsor, stated that “the Senate will make history” by establishing “the first ever pro-growth regulatory framework for payment stablecoins.” You might also like: Coinbase breach strikes PayPal Mafia royalty, Sequoia Capital boss World Liberty integrates Chainlink for cross-chain capabilities World Liberty Financial announced Friday that its USD1 stablecoin now operates across multiple blockchains through integration with Chainlink’s Cross-Chain Interoperability Protocol (CCIP). The announcement came during Consensus 2025 from World Liberty Financial’s team, Chainlink ( LINK ) co-founder Sergey Nazarov, and Eric Trump. French crypto executives face security threats The daughter and grandson of a French crypto exchange CEO were targeted in an unsuccessful kidnapping attempt in Paris, according to France 24’s Tuesday report. Video footage showed three masked individuals attacking a woman and another person before a shop owner intervened with a fire extinguisher. In response to multiple incidents targeting industry figures, French Interior Minister Bruno Retailleau agreed Friday to implement better security measures for cryptocurrency professionals. You might also like: NFT sales jump 17% to $130.7m, Newcomer collection boasts 470% sales growth DOJ continues case against Tornado Cash developer The Department of Justice announced it will proceed with its case against Roman Storm despite an internal memo from Deputy Attorney General Todd Blanche. The case has been modified to drop charges related to money-transmitter business registration violations. Judge rejects SEC-Ripple settlement proposal U.S. District Judge Analisa Torres denied a joint request from the SEC and Ripple Labs to approve their settlement. The ruling stated that even if she had jurisdiction, she would still reject the motion. FTX creditors to receive $5 billion distribution The FTX Recovery Trust announced Thursday that creditors will begin receiving over $5 billion in distributions starting May 30. Four classes of creditors will receive payments ranging from 54% to 120% of their original claims, based on the U.S. dollar value of customer holdings at FTX’s November 2022 collapse. You might also like: New XRP ETF hits an inflow record as XRP price wavers Coinbase offers $20 million bounty for blackmail information The cryptocurrency exchange is offering a $20 million reward for information leading to the identification and conviction of individuals who attempted to blackmail the company over stolen user records. According to Coinbase’s blog post, criminals obtained account data for less than 1% of monthly users by bribing overseas support agents. The extortionists demanded $20 million in Bitcoin to prevent releasing sensitive customer information. SEC investigates Coinbase user number disclosures Coinbase confirmed Thursday that the SEC is investigating whether the exchange has misstated its user numbers. The inquiry focuses on the “verified users” metric, which Coinbase has reported as exceeding 100 million in various securities filings and marketing materials. Telegram shuts down massive crypto-fueled black market The messaging platform terminated thousands of accounts linked to Haowang Guarantee (formerly Huione Guarantee) on Monday. This has effectively shut down what has been described as the most prolific crypto-fueled black market online. The network reportedly helped launder over $27 billion across Asia’s cyber scam economy before its removal. DeFi Development Corp. expands Solana treasury The real estate software firm, which has pivoted to building a Solana-focused treasury, purchased 172,670 Solana ( SOL ) worth approximately $23.6 million. The recent announcement revealed the firm purchased SOL at $136.81 each. The company now holds a total of 595,988 SOL. India orders increased surveillance of border region crypto transactions Cryptocurrency platforms operating in India have been instructed to ramp up monitoring of transactions from Jammu and Kashmir and other border areas. The directive forms part of broader government efforts to combat illicit finance and cross-border terrorism funding. Strategy continues aggressive Bitcoin acquisition Strategy, previously MicroStrategy, purchased 13,390 more Bitcoin ( BTC ). It now holds 568,840 BTC. The purchase was made for $1.34 billion between May 5-11. Read more: Hack? SEC probe? Coinbase stock soars despite difficult week

18 May 2025, 18:00

Pi & SHIB Seem Outdated as No Major Price Jumps Projected, While Unstaked Shows Strong Potential for $1 Soon

Crypto is picking up speed again, and the search for the next big move is on. Right now, three crypto coins to watch are making waves for different reasons. Unstaked has passed $6 million in presale funding and is gaining traction with its AI-focused setup and massive Gleam contest. Pi Network just shot up 114% on talk of a new listing, and Shiba Inu (SHIB) is flashing a rare buy signal that hints at a strong rally. This breakdown looks at how each of these projects is moving and why Unstaked could offer the biggest upside heading into 2027. Pi Network Surges: Will the Rally Keep Going? Pi Network is now at $1.28, jumping 114% in a week and 35% in the last day. The coin bounced 220% from its April low of $0.40 after weeks of flat trading around $0.75. The surge comes ahead of a big May 14 update and growing rumors of a Binance listing. Trading volume has soared to $1.4 billion, up over 150%, showing strong buyer interest. Sentiment is bullish, with 88% of the community votes expecting more gains. Pi has also broken above key moving averages. The RSI is at 85, which signals overbought levels, but that can stay high if the trend stays strong. The MACD is also turning up, which backs the move. If support holds above $1.12, targets of $1.50 and $2 come into play. A break below could send it back toward $0.90. What happens next may depend on the upcoming announcement and if listing rumors turn out to be true. Shiba Inu Shows Buy Signal as Price Eyes $0.0001 Shiba Inu (SHIB) is sending bullish signals. A weekly MACD crossover and a double-bottom pattern suggest a push toward $0.0001. SHIB is trading at $0.000016 and has gained nearly 4% in a day and 27% over the last week. After bouncing from support at $0.0000109, SHIB is now testing resistance between $0.000030 and $0.000033. A breakout there could target $0.000045 and maybe the old high of $0.000088. Despite over $1 million in liquidations, SHIB keeps climbing, showing strong spot demand. Positive funding rates and an RSI over 50 add to the momentum. The Shibarium Layer 2 network is also growing fast, with total value locked nearing $4 billion. More user activity and token burns could help power a breakout in the coming days. Unstaked Hits $6M, Builds AI Features, and Offers $1M in Prizes While Pi Network’s price spike and the recent Shiba Inu (SHIB) buy signal have drawn attention, Unstaked has been moving forward in its own way. The project has now passed $6 million raised in presale Stage 13, with each token priced at $0.00926. With a launch price planned at $0.1819, early buyers could see a 27x return. The long-term goal of $1 by 2027 could even bring returns of more than 100x. Unstaked stands out for its AI-based system called Proof of Intelligence. It tracks how users behave, what tasks they complete, and how often they stay involved. Rewards are based on this activity, aiming to push quality actions instead of short-term hype. The system avoids spam and encourages steady use of the platform. It also includes AI tools that will help users improve their yield choices and decisions. These tools are being designed to give tips without needing users to be technical experts. The UNSD token is used to vote on changes and upgrades, giving the community control over how things move forward. One reason for the growing attention is the $1 million Gleam event. It will give $50,000 each to 20 winners. To join, users need to complete tasks, refer friends, and buy at least $100 in UNSD. The contest is bringing in a large number of users and has helped build interest before the public release. With its AI tools, smart rewards, and strong early numbers, Unstaked is no longer just a presale project. It is now being seen as one of the crypto coins to watch in 2025 . What’s Driving the Buzz Around Unstaked, Pi, and SHIB Unstaked, Pi Network, and Shiba Inu are getting noticed for different reasons, but all three are part of the top group of crypto coins to watch this year. Pi Network’s price has jumped due to big hype and buzz ahead of the May 14 update. Shiba Inu (SHIB) is showing strong chart signals and more use through Shibarium. Unstaked is offering a mix of real features, AI-based tools, and a price that’s still low. That rare mix makes it stand out more than most presale projects. With $6 million already raised and a target of $1 by 2027, Unstaked might be the biggest long-term pick right now. Whether you’re chasing meme coins or new tech trends, these are the crypto coins to watch next. Presale: https://presale.unstaked.com/ Website: https://unstaked.com/ Telegram: https://t.me/UnstakedTokenOfficial X: https://t.me/UnstakedTokenOfficial The post Pi & SHIB Seem Outdated as No Major Price Jumps Projected, While Unstaked Shows Strong Potential for $1 Soon appeared first on TheCoinrise.com .

18 May 2025, 17:52

Top Exchange Hints At Big Ripple Announcement For XRP Holders

The cryptocurrency community is buzzing with excitement following a cryptic post from BitMEX on X. In the post, BitMEX hinted at an upcoming announcement that could have a significant impact on the XRP market. The message, which read, “Keep your eyes peeled We have some news that’s gonna have a @ripple effect on the market,” has sparked widespread speculation among XRP enthusiasts and investors alike. Keep your eyes peeled We have some news that’s definitely gonna have a @ripple effect on the market pic.twitter.com/9ImUNC2OgN — BitMEX (@BitMEX) May 17, 2025 The Ripple Effect: What Could It Mean? BitMEX’s choice of words has led many to believe that the announcement is directly related to Ripple, the blockchain company behind XRP. While the exchange has remained tight-lipped about the specifics, the playful reference to a “ripple effect” suggests that the news may involve developments that could influence XRP’s market dynamics. Several theories have emerged as the community eagerly awaits more information. Some speculate that BitMEX might be planning to expand its XRP trading pairs or introduce new derivative products involving XRP. Others believe that a strategic partnership or integration with Ripple’s technology could be on the horizon. BitMEX’s Role in the Crypto Market BitMEX, known for its sophisticated trading products, has been a key player in the cryptocurrency derivatives market. As a platform that frequently rolls out new features and trading opportunities, its hint about a major announcement naturally garners attention. Any news related to XRP, one of the top cryptocurrencies by market capitalization, would undoubtedly attract both retail and institutional interest. Ripple’s Recent Developments While BitMEX’s post remains ambiguous, it is essential to consider the broader context of Ripple’s recent activities. Ripple has been making significant strides in cross-border payment solutions and regulatory battles. The ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC) has seen notable progress, with XRP recently gaining legal clarity as not being considered a security. This victory has already positively influenced XRP’s price and market perception. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Community Speculations and Reactions The XRP community on X is rife with theories, ranging from potential trading fee reductions for XRP transactions to broader adoption initiatives. Some users expressed their hope for a listing on new trading pairs or the introduction of staking options for XRP. The community’s enthusiasm reflects the potential for significant market movement, depending on the nature of the announcement. Potential Market Impact Should BitMEX’s announcement prove to be substantial, it could result in heightened trading volume and increased market volatility. Historically, news related to Ripple and XRP has had a pronounced effect on the token’s price. Therefore, traders are advised to stay vigilant and consider potential scenarios as the exchange reveals more details. While BitMEX’s enigmatic message leaves much to the imagination, one thing is clear: the announcement could have meaningful implications for XRP holders. As the crypto space waits with bated breath, the anticipation itself underscores the influence of major exchanges in shaping market sentiment. XRP investors and traders will undoubtedly be monitoring BitMEX’s channels closely for any updates that could impact their strategies. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Top Exchange Hints At Big Ripple Announcement For XRP Holders appeared first on Times Tabloid .

18 May 2025, 17:36

Spot Markets Drive Bitcoin to $106K as Coinbase Sees $45M Daily Buying Pressure: Glassnode

Bitcoin’s surge to $106,000 earlier this week has been primarily driven by robust spot market demand, with Coinbase seeing net buying pressure of $45 million per day, according to Glassnode’s latest report. The rally, which began after the king cryptocurrency dipped to just below $75,000 in early April, has been marked by strong accumulation phases, exchange-traded fund (ETF) inflows, and a cooling of sell-side pressure, pointing to sustained bullish momentum despite recent profit-taking by long-term holders. Spot Demand Outpaces Derivatives Unlike previous rallies fueled by leveraged speculation, this latest uptrend has been characterized by organic sport market accumulation. According to the Glassnode report , BTC changed hands heavily in the $93,000 to $95,000 range, which is now acting as a key support level as it coincides with the cost basis of traders who entered the market within the last 155 days. The price has respected this range amid sideways accumulation, reinforcing the “stair-stepping” structure visible on the Cost Basis Distribution heatmap. Meanwhile, derivatives markets lagged, with perpetual futures open interest dropping 10%, from 370,000 BTC to 336,000 BTC, possibly indicating a substantial short squeeze as bears were flushed out. However, funding rates remain neutral, reflecting a lack of excessive long-side leverage, something which Glassnode’s experts believe is a sign the rally could have more room to run. Spot Bitcoin ETF inflows also played an important role, peaking at $389 million on April 25 before tapering to around $58 million per day. Coinbase, a preferred exchange for U.S. institutional investors, recorded consistent buying. At the same time, the sell pressure on its global counterpart, Binance, eased from $71 million per day in March to just $9 million, suggesting investors were actively buying the dip. Long-Term Holders Cash In, But Demand Remains Strong Despite the rally, long-term Bitcoin holders have started taking profits, as CryptoQuant analyst Avocado Onchain noted in a May 15 report. According to them, the Binary Coin Days Destroyed (CDD) metric, which tracks dormant coins being moved, has risen to 0.6. While it shows these holders are offloading dormant BTC for profit, the metric has not reached the 0.8 zone seen during previous bull market highs. Glassnode’s own data corroborates this trend, showing that short-term holder (STH) realized profits are spiking to nearly +3 standard deviations above the 90-day average. However, the analytics firm cautioned that profit-taking has not yet reached exhaustion levels, since in past rallies, higher deviations closer to +5 were needed to deplete demand and mark local tops. The post Spot Markets Drive Bitcoin to $106K as Coinbase Sees $45M Daily Buying Pressure: Glassnode appeared first on CryptoPotato .