ChainCatcher news, according to the FTX claims portal, BitGo and Kraken are its distribution partners, with payment methods including stablecoins and fiat currencies.

ChainCatcher news, according to UPBIT's official announcement, the $UXLINK trading pair will be launched on November 8 in the UPBIT markets of Indonesia and Thailand. It is reported that both locations are compliant trading platforms, supporting local users to deposit fiat currency.Mr. Minato, the head of the UXLINK Japan and Southeast Asia market, expressed gratitude for UPBIT's launch in the Indonesian and Thai markets. We have consistently maintained a top ten trading volume at UPBIT's headquarters in Korea, often ranking first, indicating that we have a very active Trader community. We will continue to deepen our efforts in the local market and continuously build a global community of $UXLINK Holders and Traders.

ChainCatcher news, the fully digital public infrastructure PlatON has reached a strategic cooperation with Gimlet Labs. Based on PlatON's Web3.0 payment clearing system TOPOS, a tailored end-to-end overall solution has been created for Gimlet Labs, establishing a management platform that integrates digital currency and fiat currency.This cooperation has built a comprehensive platform that combines both front-end and back-end, allowing users to enjoy a seamless deposit and withdrawal management experience for fiat and digital currencies. It also enables Gimlet to efficiently manage multiple funding channels, providing users with higher quality and more flexible services. The platform has completed the integration of mainstream channels for fiat and digital currencies in its initial phase, and will continue to expand and enrich the deposit and withdrawal channels in the future to fully meet users' increasingly diverse funding management needs.

ChainCatcher news, the State Bank of Pakistan (SBP) announced a policy proposal on November 4 that, if approved, would legalize digital assets (such as cryptocurrencies) nationwide, making them legal tender. The proposal includes allowing the central bank to issue digital currency and imposing fines on unauthorized digital currency issuers. The proposal may also promote the adoption of digital payment services, including cryptocurrency trading.The policy proposal still requires further government approval, and if passed, could lay the groundwork for the launch of the CBDC digital rupee.It is reported that the Monetary Policy Committee had previously shown opposition to cryptocurrencies, but since the new SBP Governor Muhammad Aurangzeb took office in March 2024, there has been a shift in policy direction.

ChainCatcher news, digital asset technology and trading company BlockFills has announced the launch of a comprehensive cryptocurrency to fiat payment processing service designed specifically for corporate payment companies and fintech firms.The unique features of BlockFills' payment service include its fiat banking capabilities, supporting multiple fiat currencies and same-day settlement functionality.

ChainCatcher news, the Central Bank of the UAE (CBUAE) has in principle approved the AED stablecoin license, making the company the first fully regulated stablecoin issuer in the region pegged to the fiat dirham.This latest development falls under the newly established regulatory framework for payment token services by CBUAE and aligns with the UAE government's 2025 digital government strategy. Recently, the central bank released a licensing framework that prohibits the use of cryptocurrencies for payments, unless it involves licensed tokens pegged to the dirham.

ChainCatcher news, according to The Block, the cryptocurrency payment aggregation platform Onramper has announced the launch of its cryptocurrency to fiat currency solution. The service integrates several leading providers, including MoonPay, Alchemy Pay, and Banxa, aiming to help users securely and conveniently convert cryptocurrencies into fiat. Onramper CEO Thijs Maas stated that the new service is based on smart routing technology, which can match users with the optimal exchange provider.It is reported that Offramper will support 46 fiat currencies and over 500 cryptocurrencies, covering 200 countries and offering 39 payment methods, including credit cards, bank accounts, and PayPal.

ChainCatcher news, Matrixport's latest report indicates that after last Monday's sharp decline, Bitcoin prices have rebounded. Although funds for Bitcoin spot ETFs are still flowing out, some have taken the opportunity to buy on the dip, as evidenced by the recovery of the 30-day minting ratio (in black). This suggests that new fiat money is flowing into the crypto market, with investors taking advantage of low prices or positioning themselves ahead of the expected interest rate cuts by the Federal Reserve in September.

ChainCatcher news, cryptocurrency exchange Bitstamp is collaborating with financial infrastructure platform Stripe to support Stripe's fiat-to-cryptocurrency gateway in the European Union. This partnership enables EU consumers to purchase cryptocurrencies through customizable widgets that developers can embed into applications or websites.This widget provides a seamless checkout experience optimized for cryptocurrency conversion and instant settlement. Bitstamp will handle the conversion and transfer from fiat to cryptocurrency, expanding its services and strengthening the role of cryptocurrency in digital payments. Stripe's gateway supports Bitcoin, Ethereum, Solana (SOL), XLM, and USDC.

ChainCatcher news, Matrixport indicates that the inflow of fiat to cryptocurrency seems to be returning again, as the recently rising daily minting data suggests.Historically, this kind of growth often signals a bullish market, indicating a shift of funds from traditional financial markets to the cryptocurrency market.This change reflects a positive trend, especially against the backdrop of relatively subdued minting activity since mid-April.

ChainCatcher news, according to Ming Pao, the Hong Kong Financial Services and the Treasury Bureau and the Monetary Authority published a consultation summary yesterday on the legislative proposal for the regulation of fiat-backed stablecoin issuers in Hong Kong. The vast majority of respondents agreed that there is a need to introduce a regulatory framework for fiat-backed stablecoin issuers to appropriately manage potential monetary and financial stability risks, and to provide transparency and suitable regulations.The Financial Services and the Treasury Bureau and the Monetary Authority will finalize the legislative proposal based on the opinions and suggestions of the respondents and will submit the bill to the Legislative Council as soon as possible; the Monetary Authority is also processing "sandbox" applications from stablecoin issuers and will announce the list of participants in the short term. According to the consultation, most respondents support the requirement for the total value of reserve assets for fiat-backed stablecoins to be maintained at full reserve at all times. Some respondents raised potential difficulties in real-time reconciliation and the need to periodically replenish reserve assets to ensure that the market value of the reserve assets is at least equal to the face value of the circulating fiat-backed stablecoins.In addition, the consultation document suggests that the minimum paid-up capital for issuers should be at least 2% of the total amount of circulating fiat-backed stablecoins, or HKD 25 million, whichever is higher. Some respondents believe that it is difficult to maintain sufficient capital based on the circulation of fiat-backed stablecoins. The authorities will change the minimum paid-up capital requirement to HKD 25 million or 1% of the circulation of their stablecoins, whichever is higher, while the Financial Commissioner retains the flexibility and power to impose additional capital requirements when necessary.

ChainCatcher news, the Telegram native meme project DOGS has built-in Telegram Stars purchase functionality, allowing direct purchases with fiat currency. This move has sparked widespread discussion in the crypto community, with claims that this might be an official coin selling behavior, while the total supply of the token can be infinitely increased, raising doubts within the community.It is reported that Telegram Stars are virtual items that allow users to purchase digital goods and services from bots and mini-programs within the Telegram ecosystem, as well as to gift content creators on the Telegram platform.

ChainCatcher news, according to The Block, Uniswap Wallet announced the introduction of Transak to provide fiat access services, allowing users to purchase cryptocurrencies directly with fiat in their wallets without the need to transfer funds from centralized exchanges.

ChainCatcher news, according to Bitcoin.com, Mexican billionaire Ricardo Salinas Pliego suggested buying Bitcoin to prevent the devaluation of fiat currency.It is reported that in 2021, Salinas Pliego called Bitcoin "extraordinary" and described it as "the gold of the modern world."

ChainCatcher news, HashKey Group Chief Operating Officer and HashKey Exchange CEO Weng Xiaoqi stated at the afternoon press conference that the ETF supports both physical subscription and fiat currency subscription models. Based on the current situation of the Bosera Hashkey Bitcoin Spot ETF and Bosera Hashkey Ethereum Spot ETF, physical subscriptions account for a larger proportion.In addition, Weng Xiaoqi also mentioned that for Web3 native users, purchasing spot ETFs is essentially a form of "TradFi mining," "mining" the value and potential of traditional markets and assets. For example, users in Hong Kong who already hold BTC and ETH can convert their original "alternative assets" into "mainstream assets" through an IN-Kind method, which can help in obtaining Hong Kong immigration status and PI status (Professional Investor), facilitating their career and life in Hong Kong.

ChainCatcher news, ZachXBT stated that between August 2020 and October 2023, the North Korean hacker group Lazarus Group laundered $200 million into fiat currency through more than 25 cryptocurrency hacks.

ChainCatcher news, according to Cointelegraph, Mt. Gox creditors can now check the amount of Bitcoin and Bitcoin Cash expected to be repaid this year through the Mt. Gox rehabilitation claims system. The latest information indicates that some creditors have already received fiat repayment amounts, and the cryptocurrency repayment plan seems to be on the verge of implementation.According to a screenshot shared by a creditor, the Mt. Gox claims account now displays a table that includes repayment status and other entries, such as the amount of completed repayments and the amount of outstanding repayments.