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Tether, Kraken, Fabric Ventures back new MiCA-compliant stablecoins

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Blockchain technology company Quantoz has launched two new stablecoins, EURQ and USDQ, aimed at providing stable digital currency alternatives for the European and U.S. markets. The launch comes as part of the company’s efforts to align with the European Union’s Markets in Crypto-Assets Regulation (MiCAR), which is designed to create a comprehensive regulatory framework for cryptocurrencies and stablecoins in the region. Both stablecoins are fully backed by fiat reserves, offering a stable and secure digital asset for users in Europe and the U.S.

EURQ is pegged to the euro, while USDQ is pegged to the U.S. dollar, allowing users to transact with digital assets that maintain a consistent value relative to traditional fiat currencies. The move to launch these stablecoins under the MiCAR framework is a significant step in the growing trend of regulatory-compliant digital assets. Quantoz aims to provide a trustworthy and secure option for businesses and consumers looking to engage in digital transactions without the volatility often associated with cryptocurrencies like Bitcoin or Ethereum.

Under MiCAR, stablecoin issuers must adhere to strict transparency, security, and reserve requirements, which Quantoz has committed to fulfilling. The new regulations, which are expected to come into full effect in the European Union over the next few years, seek to ensure that stablecoins are adequately backed by assets and do not pose systemic risks to the broader financial system. By launching EURQ and USDQ in compliance with MiCAR, Quantoz positions itself as a leader in providing regulated and secure stablecoin solutions to the European market.

The launch of EURQ and USDQ comes at a time when stablecoins are gaining increasing attention from both regulators and investors as a means to bridge the gap between traditional finance and the crypto space. With these new offerings, Quantoz seeks to tap into the growing demand for stable digital currencies, while also ensuring that they meet regulatory standards. As the crypto industry continues to mature, the introduction of MiCAR-compliant stablecoins could play a pivotal role in driving further adoption of blockchain technology in mainstream finance.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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