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Author: CryptoPress

Iran Proposes Unexpected Diplomatic Plan Amid Regional Tensions, Awaiting Trump Administration Response

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Iran has reportedly introduced an unexpected diplomatic initiative aimed at easing ongoing regional conflicts and de-escalating geopolitical tensions. The proposal comes as global markets and digital asset traders closely monitor foreign policy developments surrounding the upcoming U.S. presidential transition. Tehran is currently waiting for a formal response or signal from the incoming administration of Donald Trump regarding the...

Breaking, Cryptocurrencies, News

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SoFi Bank Goes Live with Card Settlement on Mastercard Network Using Proprietary Stablecoin

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SoFi Bank went live on September 22, transitioning its entire $25 billion card program to settle transactions on Mastercard’s network using its own stablecoin, SoFiUSD. While the underlying network mechanics leverage SoFiUSD, merchants never touch the stablecoin, receiving instant, 24/7, and free-to-withdraw traditional fiat dollars directly into a SoFi Bank account. The integration allows participating merchants to access instantaneous...

Breaking, Cryptocurrencies, News

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Bitget Pauses Withdrawals Following Massive $352M Security Breach

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Cryptocurrency exchange Bitget has temporarily suspended all user withdrawals following a major security breach. On-chain data and security monitors estimate the total losses from the exploit to be approximately $352 million. The platform’s engineering team is currently investigating the incident to secure remaining funds and trace the stolen assets. Major cryptocurrency derivatives and spot exchange Bitget has been forced to...

Breaking, Cryptocurrencies, News

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Fed Proposes 1:1 Reserves and Tiered Capital Rules for Payment Stablecoin Issuers

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The Federal Reserve on Sept. 24 proposed full 1:1 reserve backing and standardized capital rules for Board-supervised payment stablecoin issuers under the GENIUS Act. Operational-risk capital would start at 2% of the first $20 billion outstanding, stepping down to 1% above $50 billion. Issuers would generally have to redeem tokens within two business days and publish monthly, accountant-examined reserve reports. A second proposal sets a bank...

Crypto regulation, Cryptocurrencies, News, Regulation

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Zcash’s ZEC Hits $1,600, Marking a Significant Multi-Year High

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Privacy coin Zcash (ZEC) experienced a dramatic market surge, touching a notable multi-year high of $1,600. The sharp price movement underscores a broader resurgence in market demand for zero-knowledge privacy-preserving digital assets. Traders and analysts continue to monitor on-chain metrics and liquidity shifts as volatility remains elevated across major altcoin sectors. Privacy-focused cryptocurrency Zcash (ZEC) surged to a milestone of...

Breaking, Cryptocurrencies, News

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