fiat money

Indian crypto exchanges resume fiat services 24hrs after SC ruling

Indian Crypto Exchanges Resume Fiat Services 24Hrs After SC Ruling

Major Indian crypto exchanges Unocoing and WazirX have resumed fiat deposits less than a day after the Supreme Court quashed restrictions on banks’ services to crypto firms in the country. Unocoin, which claims to have been the first entrant into the Bitcoin space in India since its founding in 2013, has been described by local […]

defi leader makerdao partners with simplex

DeFi Giant MakerDAO Partners with Simplex to Build a DAI Fiat On-Ramp

Major decentralized finance (DeFi) player MakerDAO (MKR) partnered with payment processor Simplex to create a fiat on-ramp for its DAI decentralized stablecoin. According to the 3rd March’s announcement, the partnership makes it possible to buy DAI with the credit and debit cards of Simplex’s partner firms. Maker’s business development representative in Europe, Gustav Arentoft, said: […]

BitFinex completes another $100M repayment to Tether

BitFinex Completes Another $100M Loan Facility Repayment to Tether

Hours after experiencing a major denial of service attacks (DDoS) attack, Bitfinex has announced it repaid another part of the loan facility to Tether. In a Feb 28 blog post, BitFinex revealed that the cryptocurrency exchange repaid $100 million of outstanding loan facility to major stablecoin operator Tether (USDT). Similarly to a previous repayment in […]

Binance now allows deposits in hong kong dollars

Crypto Exchange Binance Adds Hong Kong Dollars to Fiat Gateway

Binance, one of the world’s foremost cryptocurrency exchanges, now allows deposits in Hong Kong dollars. According to the Feb 21 announcement, Binance now offers both deposits and withdrawals in Hong Kong dollars without any deposit fees. After depositing Hong Kong dollars, users are free to spend them on cryptocurrency. Deposits are enabled through a partnership […]