Stablecoin powerhouse Tether is boosting its investments in Eastern Europe’s cryptocurrency scene through additional funding for the Georgia-based crypto payment provider CityPay.io.
This development was formally announced on May 8, marking a significant step in CityPay.io’s growth and operational scale.
Tether’s investment into CityPay.io isn’t the company’s first; it follows a prior investment made in 2023 when Tether became one of the first stablecoin firms to back the payment platform.
This platform enables users to use cryptocurrencies like Bitcoin to pay for services at various locations, including Wendy’s and Radisson Hotels.
The latest round of investment aims to enhance CityPay.io’s penetration into the Eastern European markets, with a particular focus on countries like Georgia, Armenia, Azerbaijan, Kazakhstan, and Uzbekistan.
As of May 2024, CityPay.io has established over 600 service points in Georgia alone.
The company has ambitious plans to broaden its services to include e-wallet and card solutions within the next two years and is aiming to set up more than 500,000 cryptocurrency payment points across the planned expansion areas.
“Our previous collaboration with CityPay.io yielded exciting results in expanding convenient cryptocurrency use across Georgia,” said Paolo Ardoino, CEO of Tether, emphasizing the positive outcomes of their initial partnership.
He further stated, “With this second investment, we aim to build on those results and drive the adoption of cutting-edge technologies that disrupt traditional payment systems.”
READ MORE: Grayscale Halts Four-Month Outflow Streak with Positive Inflows into Bitcoin ETF
CityPay.io also marked a significant step towards integrating Tether as a payment option on the Polygon network in October 2023.
Additionally, meetings with governmental bodies in Georgia were conducted by CEO Ardoino in September 2023 to discuss expansion plans.
Moreover, Tether has been actively collaborating with the Georgian government since signing a memorandum of understanding in June 2023.
This agreement focuses on developing Bitcoin and peer-to-peer payment infrastructures within Georgia, signaling a robust governmental support for cryptocurrency initiatives.
Georgia’s emergence as a crypto-friendly hub is evident with its welcoming of major cryptocurrency firms like Binance and hosting a significant number of Bitcoin ATMs.
CoinATMRadar indicates that Tbilisi, the capital of Georgia, alone hosts 132 Bitcoin ATMs, highlighting the country’s advanced cryptocurrency infrastructure and its global aspirations in the digital finance arena.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
White Pepe (WHPEPE) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
White Pepe (WHPEPE), a new Solana memecoin that was launched this week, is poised to explode over 6,900% in price in the coming days.
This is because WHPEPE has announced its first centralized exchange listing, which will be on MEXC.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, White Pepe can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and White Pepe could become the next viral memecoin.
To buy White Pepe on Raydium or Jupiter ahead of the MEXC listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for White Pepe by entering its contract address – 58kSp6Sn8P42EdRDgud75YcvkRLnCpMxPb7MqCRHkUeG – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like WHPEPE.
The UK’s Financial Conduct Authority (FCA) aims to strike a balance in regulating cryptocurrencies by merging the best elements of traditional finance (TradFi) and decentralized finance (DeFi).
This approach is to ensure neither over-regulation nor under-regulation disrupts the growing crypto market.
Matthew Long, the FCA’s director of payments and digital assets, emphasizes the necessity of this strategy for effective regulation during his speech at the FT Crypto and Digital Assets Summit on May 8.
Long stated, “What we’re trying to do is take the best of traditional finance and understand the nuance of the system that we’ve got.”
He elaborates that the regulatory framework should mirror the existing structures in traditional finance but adapt to the unique challenges of cryptocurrencies.
This includes recognizing the global nature of the crypto market which necessitates a responsive regulatory approach.
“The simplest and most straightforward answer is that they [FCA] are trying to take the best of traditional finance, so it’s the same risk, same regulation and not reinvent the wheel,” Long noted, adding: “But we must and we absolutely must respond to the differences in cross border globalization otherwise. So to be frank, it’s a bit of both.”
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During his discussion, Long pointed out that some regulatory aspects previously considered straightforward by the FCA turned out to be complex, and vice versa, indicating a learning curve in adapting regulatory measures to crypto-specific issues.
Moreover, Long highlighted the existence of risks in both centralized (CeFi) and decentralized finance sectors, stressing that tools for combating issues like money laundering in CeFi could be tailored for the crypto environment.
This is part of a broader FCA initiative to foster a “cleaner, safer, and better” crypto market.
The UK’s increasing involvement in the cryptocurrency space is evidenced by the FCA’s recent activities. Since 2020, the authority has approved 38 out of 300 applications from crypto firms, reflecting its proactive stance in regulating the sector.
Additionally, the FCA has enhanced its capabilities in monitoring and preventing market abuse and illegal crypto advertising.
This underscores the UK’s commitment to establishing a regulated yet thriving crypto economy.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK), and Dogecoin (DOGE) made astronomical returns, and Andrew Tate Coin (ANDTATE) presents a similar opportunity for a limited time.
Andrew Tate Coin (ANDTATE), a newly launched Solana memecoin, is poised to explode over 14,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.
ANDTATE will be listed on MEXC, one of the largest centralized exchanges in the world, within a few days – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Andrew Tate Coin.
Currently, Andrew Tate Coin can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy ANDTATE on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Andrew Tate Coin by entering its contract address – Cp7qyqdzXAqF7fqKXzS8LwTE7JQvh2V3vYGnDdx6j4ii – in the receiving field.
ANDTATE currently has a market cap of just under $20,000, meaning it has huge upside potential.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
Solana Doggy (SOLDOGGY) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Solana Doggy (SOLDOGGY), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Solana Doggy presents a similar opportunity.
Solana Doggy has a market cap around $13,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 6,000% in the coming two days, and Solana Doggy could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Solana Doggy can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Solana Doggy on these platforms, users need to connect their Solflare, MetaMask, or Phantom wallet, and swap Solana for Solana Doggy by entering its contract address – 3f3XRScU3PnaXvsZ4ZGjxDa15SmbhWeMLxHmSyNngaAE – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE), and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like SOLDOGGY.
Flying Pepe (FLYPEPE) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Bonk (BONK) and Dogecoin (DOGE).
Flying Pepe (FLYPEPE), a new Solana memecoin that was launched this week, is poised to explode over 6,800% in price in the coming days.
This is because FLYPEPE has announced its first centralized exchange listing, which will be on MEXC.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Flying Pepe can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in BONK and DOGE made astronomical returns, and Flying Pepe could become the next viral memecoin.
To buy Flying Pepe on Raydium or Jupiter ahead of the MEXC listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Flying Pepe by entering its contract address – 65orYrJbQxa5BZUWyeCsDtJC7JZg8zQYcvRZpvnnd5eq – in the receiving field.
In fact, early investors could make returns similar to those who invested in Bonk (BONK) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Bonk (BONK), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many BONK, DOGE, and WIF investors are instead investing in new Solana memecoins, like FLYPEPE.
White Pepe (WHPEPE) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
White Pepe (WHPEPE), a new Solana memecoin that was launched today, is poised to explode over 7,000% in price in the coming days.
This is because WHPEPE has announced its first centralized exchange listing, which will be on MEXC.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, White Pepe can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and White Pepe could become the next viral memecoin.
To buy White Pepe on Raydium or Jupiter ahead of the MEXC listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for White Pepe by entering its contract address – 58kSp6Sn8P42EdRDgud75YcvkRLnCpMxPb7MqCRHkUeG – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like WHPEPE.
Solana Doggy (SOLDOGGY) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Solana Doggy (SOLDOGGY), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Solana Doggy presents a similar opportunity.
Solana Doggy has a market cap around $13,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 6,000% in the coming two days, and Solana Doggy could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Solana Doggy can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Solana Doggy on these platforms, users need to connect their Solflare, MetaMask, or Phantom wallet, and swap Solana for Solana Doggy by entering its contract address – 3f3XRScU3PnaXvsZ4ZGjxDa15SmbhWeMLxHmSyNngaAE – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE), and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like SOLDOGGY.
Crypto asset manager Grayscale has ended its four-month outflow streak from its spot Bitcoin exchange-traded fund (ETF) with inflows into the Grayscale Bitcoin Trust (GBTC) occurring for two consecutive days.
On average, GBTC experienced a significant outflow of approximately $218 million daily over 78 days, totaling over $17.5 billion since January 11.
This trend reversed on May 3 when GBTC recorded an inflow of $63 million, marking a significant positive shift.
As a result, the overall spot Bitcoin ETF market observed net positive inflows of $378.3 million after a week of losses.
The subsequent inflow recorded on May 6 was $3.9 million, bringing GBTC’s total recent inflows to $66.9 million.
Despite this recent influx, GBTC’s net outflow remains at $17.4 billion.
However, the broader U.S. spot Bitcoin ETFs landscape shows a healthy balance sheet. BlackRock’s iShares Bitcoin Trust leads with the largest overall investment, capturing net inflows of $15.5 billion.
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Other significant contributors to net inflows include Fidelity Investments’ Fidelity Wise Origin Bitcoin Fund with $8.1 billion, Cathie Wood’s ARK 21Shares Bitcoin ETF with $2.1 billion, and the Bitwise Bitcoin ETF Trust with $1.7 billion.
Collectively, these investments have brought the cumulative flow into the spot Bitcoin ETF market to nearly $11.8 billion as of the latest figures.
The U.S Securities and Exchange Commission (SEC) has delayed its decision on approving or denying spot Ether ETF applications from several providers, including BlackRock, Grayscale, and Invesco Galaxy, pushing decisions to July.
The SEC stated, “The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein.”
The delay also affects other prospective Ether ETF issuers such as Fidelity, Franklin Templeton, Hashdex, and Ark 21Shares. This decision was aligned with analysts’ expectations.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Solana Slerf (SOLSLERF) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Solana Slerf (SOLSLERF), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Solana Slerf presents a similar opportunity.
Solana Slerf has market cap below $20,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 1,000%-3,000% in a matter of days or hours.
The exciting memecoin is poised to rally 5,300% in the coming two days, and Solana Slerf could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Solana Slerf can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Solana Slerf on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Solana Slerf by entering its contract address – D2R7sKwPNpWGtEfMJiLVe5G2ZJbExnk98PEft2dhyCrL – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like SOLSLERF.