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Multitrillion-dollar asset management firm Franklin Templeton has filed for a new exchange-traded fund (ETF) that will offer exposure to both Bitcoin and Ethereum. The company aims to offer investors a single product that tracks the performance of the two largest cryptocurrencies by market capitalization, according to a filing with the U.S. Securities and Exchange Commission (SEC) on Wednesday. New index ETF on the horizon The October 2nd filing reveals Franklin Templeton’s intention to launch an index fund that includes both Bitcoin and Ethereum. Index funds typically track the performance of a collection of assets, such as stocks, bonds, and cryptocurrencies,…
On Thursday, Visa Inc. V announced the new Visa Tokenized Asset Platform (VTAP). It is designed to enable financial institutions to issue and manage fiat-backed tokens on blockchain networks, bridging existing fiat and blockchain technologies. BBVA has been testing core VTAP functionality this year, including the issuance, transfer, and redemption of bank tokens on the testnet blockchain. They aim to launch an initial pilot with selected customers on the public Ethereum blockchain in 2025. “Visa has been at the forefront of digital payments for nearly 60 years, and with the introduction of VTAP, we are once again setting the pace…
Visa partners with BBVA to issue fiat-backed tokens on blockchain network, plans initial trials by 2025On Thursday, Visa Inc. (NYSE:V) announced the new Visa Tokenized Asset Platform (VTAP). It is designed to enable financial institutions to issue and manage fiat-backed tokens on blockchain networks, bridging existing fiat and blockchain technologies.BBVA has been testing core VTAP functionality this year, including the issuance, transfer, and redemption of bank tokens on the testnet blockchain. They aim to launch an initial pilot with selected customers on the public Ethereum blockchain in 2025.“Visa has been at the forefront of digital payments for nearly 60 years,…
A closely watched cryptocurrency strategist is warning that one modular blockchain project may be on the verge of collapse. Pseudonymous analyst Altcoin Sherpa told his 224,000 followers on social media platform He said it was possible. The analyst cited a survey of other X users that purportedly shows that the wallets of the project’s early investors are seeing steady revenue. “In my opinion, this is why TIA will end up below $1. Investors who entered at $0.02 will continue to dump their staked tokens. This will create a nice rally. Of course. And you’re going to replace them. But if…
World Mobile Token integrates Chainlink’s CCIP to enable secure cross-chain token exchange and staking. This integration increases security and allows users to bet on one blockchain and receive rewards on another. World Mobile Token has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to power cross-chain token exchange and staking. This integration enables interoperability with numerous blockchains such as Ethereum, BNB Chain, Base, and Arbitrum, making transactions seamless across platforms. This partnership will enable World Mobile to leverage CCIP’s robust security to provide secure and convenient cross-chain services. Chainlink officially acknowledged the integration of X accounts and emphasized the importance of cooperation…
OKX announced that PayPal’s USD-pegged PYUSD stablecoin will be listed for trading on the platform starting October 3rd.The exchange said the PYUSD call auction will be conducted from 11:00 AM to 12:00 PM UTC, with spot trading beginning immediately thereafter. However, users will not be able to withdraw their stablecoins until October 4th at 10am UTC.OKX’s decision reflects the growing adoption of PYUSD in recent months. Earlier this week, MoonPay also integrated PYUSD, allowing users to purchase stablecoins using all major payment methods in supported countries except Canada.PYUSD is a stablecoin redeemable for US dollars and is backed by US…
Nigerians have been using stablecoins for years to protect against declines in asset values. Cryptocurrency transactions in Nigeria totaled $59 billion last year. Nigerian authorities blame stablecoin trading for the Naira’s decline.In a sign that Nigeria’s cryptocurrency crackdown is having an impact, stablecoin trading volume fell 38% to $23.6 billion in the 12 months to July, according to blockchain information firm Chainalysis.The sharp decline in stablecoin usage in Nigeria comes as the country faces an economic downturn and the devaluation of its currency, the naira.Nigerians who have been big users of cryptocurrencies for years should invest in dollar-backed stablecoins like…
Today, Visa officially announced the Visa Tokenized Asset Platform (VTAP), which supports stablecoins and tokenized deposits. Spanish bank BBVA plans to pilot an Ethereum token starting in 2025. Visa highlighted the possibility of offering this service to its 15,000 bank network partners. “We are excited to leverage our experience in tokenization to help banks integrate blockchain technology into their operations,” said Vanessa Corella, Global Head of Innovation and Digital Partnerships at Visa. said. Payment companies want to ease the process for banks by providing API integration as a single point of access to multiple blockchains, both permissioned and permissionless. BBVA…
Payments giant PayPal has completed its first transaction with the dollar-pegged digital asset PYUSD. As first reported by Bloomberg, the leading financial technology solutions company has used PYUSD for official commercial transactions for the first time. On September 23, PayPal paid an undisclosed amount to accounting firm Ernst & Young LLP using a Paxos-based stablecoin. PayPal expands PYUSD utility This transaction further strengthens the stablecoin’s ability to resist abuse in the traditional financial system. Specifically, PayPal used the SAP SE platform to complete payments to Ernst & Young. Germany-based SAP SE, widely known as a cloud computing venture, handled the…
share Tweet share share email The market is singing an optimistic song, with potential highs across the board. Litecoin price predictions indicate a target of $80 if it can overcome potential market turmoil. Chainlink, on the other hand, may be on its way to a new all-time high (ATH), supported by partnerships with major companies like Microsoft and Visa. However, for those who are looking for something, BlockDAG is emerging as a cryptocurrency with unparalleled ROI potential. The launch of the $1 million giveaway campaign attracted attention, especially as the value of the native coin, BDAG, soared by…