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Techub News report, Stable, a stablecoin settlement infrastructure provider, announced its integration with Visa Direct, connecting its on-chain settlement infrastructure to Visa's global money transfer network. This integration supports real-time payments to bank accounts and mobile wallets, offering a withdrawal channel from stablecoin settlements to traditional financial avenues for cross-border payments. (Wu's Blockchain)
Techub News reports that Bulgaria's First Investment Bank (Fibank) has signed a strategic cooperation agreement with the cryptocurrency investment platform Bitpanda. According to the agreement, Fibank customers will have direct access to crypto asset services provided by Bitpanda through their mobile application My Fibank. (PR Newswire)
Techub News, according to AMBCrypto, the UK Financial Conduct Authority (FCA) has issued new guidance supporting the adoption of tokenized funds, allowing asset management companies to use blockchain infrastructure within the current regulatory framework, and introducing a Direct-to-Fund model to enable direct transactions between investors and funds. The guidance clarifies that fund records can be stored on blockchain systems, including public chains, and that on-chain records can serve as the primary ledger under appropriate controls. This move aims to reduce operational costs and improve efficiency, but the full integration of crypto-native systems and stablecoin settlement will still need to be implemented in phases.
Techub News reports that MetaMask has indicated that part of its infrastructure is currently affected by a security incident, and no direct threat to MetaMask wallets has been detected yet. MetaMask is working with external partners and security consultants to address and fix the related issues; as a precautionary measure, its non-custodial staking service is coordinating the exit of affected validators. MetaMask emphasizes that its staking service operates in a non-custodial model and does not manage the withdrawal keys for clients' staking assets, and it will continue to monitor the progress of the incident. (Wu Blockchain)
Techub News reports that Meta has announced the appointment of Dhruv Vohra as the Managing Director of the Global Business Group for Southeast Asia. He will be responsible for leading Meta's commercial strategy in Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam, reporting to Benjamin Joe, Vice President of the Asia-Pacific region. His team will collaborate with regional advertisers and agencies to help businesses innovate using AI and accelerate growth through Meta's family of apps. Benjamin Joe, Vice President of Meta for the Asia-Pacific region, stated that Southeast Asia is one of Meta's fastest-growing business regions, and the next step is to help businesses leverage AI and messaging at the speed customers expect. Dhruv Vohra has been with Meta for seven years and has extensive experience in e-commerce, digital business, and commercial leadership in the Asia-Pacific region.
Techub News, according to U.Today, the XRP Ledger Foundation (XRPLF) has announced the appointment of Ripple Chief Technology Officer David Schwartz as an honorary board member. Schwartz is one of the original architects of the XRP Ledger, and this appointment aims to strengthen the foundation's technical stewardship of the ecosystem. XRPLF is a non-profit organization independent of Ripple, responsible for supporting the growth and security of the XRP Ledger. The organization stated that Schwartz's deep technical insights and long-term perspective will help strengthen the foundation's technical management and drive the development of complex new features such as DeFi AMM and smart contracts within the ecosystem.
Techub News, WalletConnect announces that its payment infrastructure WalletConnect Pay has integrated PayPal USD (PYUSD), allowing users to pay directly with PYUSD in their wallets at merchants that support the network, without the need for additional conversion or bridging steps. PYUSD is issued by Paxos Trust Company and is 1:1 backed by U.S. dollar deposits and short-term U.S. Treasury bonds. It has been deployed on mainstream networks such as Arbitrum and Ethereum. Users can now spend stablecoins directly at merchants connected to the network via self-custodial wallets like MetaMask, and merchants can receive funds without modifying their existing workflows.
Techub News, citing Cointelegraph, reports that the UK Financial Conduct Authority (FCA) has released new guidance on distributed ledger technology (DLT) and introduced a direct-to-fund model for tokenized assets, aiming to establish a clearer regulatory framework for the digital asset market. The guidance standardizes the operational requirements for financial market infrastructures using DLT. The new direct investment model allows investors to directly hold fund shares through digital platforms, simplifying traditional intermediary processes. This move reflects the UK regulator's support for innovation in tokenized assets and is expected to promote the integration of traditional finance with blockchain technology.
Techub News, Pump.fun announced a partnership with donate.gg to launch the Charity Coins feature, allowing Coin managers to donate creator fees directly to charities, addressing issues such as malicious interference, "vampire behavior," and tax problems in the donation process. Meanwhile, donate.gg will handle the transfer of crypto assets, ensuring that charities receive funds securely and compliantly.
Techub News, according to Cointelegraph, FBI Director Kash Patel stated that the FBI hopes to actively cooperate with the Bitcoin and cryptocurrency community to boost Americans' confidence in the sector, saying, "This is the right direction forward, and Bitcoin is not going away."
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