Alchemy Pay may provide its crypto services to people and companies in these regions. With these additional licenses, Alchemy Pay now has a total of eight licenses in the US.

As of November 2024, Alchemy Pay has focused on a strategic and compliant approach to increasing crypto accessibility in the United States. The recent MTL acquisitions follow approvals in New Hampshire, New Mexico, Arkansas, and Iowa.

Alchemy Pay's new MTL licenses in Minnesota, Oklahoma, Oregon and Wyoming bring its total to eight US state licenses.

With this new blockchain, Alchemy Pay seeks to improve crypto payments through seamless interaction between on-chain and off-chain transactions, allowing businesses to easily operate in both crypto and fiat worlds. The post Alchemy Pay To Launch Scalable Layer-1 Blockchain for Payments appeared first on Cryptonews.

Crypto payment provider Alchemy Pay has announced its upcoming layer-1 blockchain, Alchemy Chain, a move aimed at streamlining fiat and cryptocurrency integration. Built on a Solana Virtual Machine (SVM) architecture, the new blockchain is expected to support Alchemy Pay's payment ecosystem by offering scalable infrastructure for high transaction volumes.

Cryptocurrency payments solution provider Alchemy Pay has introduced the launch plan for its Layer-1 blockchain. Alchemy Chain, announced Monday (Oct. 28), is built on a scalable Solana Virtual Machine (SVM) architecture and designed to support the growing needs of Alchemy Pay's business operations and integrate crypto and fiat payments.

TL;DR Alchemy Pay launches its blockchain to integrate cryptocurrencies and fiat currencies into its payment infrastructure. The layer-1 chain, based on Solana Virtual Machine, aims to enhance the efficiency and security of on-chain transactions and external storage.

Alchemy Pay token formed a “God candle” on Oct. 28, after the developers announced plans to launch the Alchemy Chain. Alchemy's (ACH) token rose to a high of $0.020, its highest level since Oct.

Alchemy Pay said that users would have the option to pay their gas fees with fiat or its native ACH token.

Alchemy Pay has partnered with Yellow Card, a prominent African fintech, to enhance cryptocurrency on-ramp services across the continent.

Alchemy Pay and Yellow Card have teamed up to make cryptocurrency more accessible in Africa. Alchemy Pay's on-ramp product will utilize Yellow Card's payment infrastructure in 20 African countries, allowing users to purchase crypto with their local fiat currencies.

Alchemy Pay has announced a new partnership with Yellow Card, a fintech company operating across 20 African countries.

Globally renowned fiat-crypto payment gateway Alchemy Pay marked a monumental stride on Tuesday, banking upon a partnership with pan-African fintech firm Yellow Card. The crypto payment gateway firm recently revealed that it is collaborating with the fintech firm in an effort to facilitate on-ramp services in Africa.

Alchemy Pay has announced the integration of its virtual card service with Samsung Pay, expanding its reach following the successful launch on Google Pay. This development enables users to seamlessly spend their cryptocurrency holdings at numerous retailers, both online and in-store, through Samsung's contactless payment platform.

Alchemy Pay, a major crypto payment provider, took another step towards making cryptocurrencies more accessible on October 8 by integrating its virtual card with Samsung Pay, Samsung's contactless payment tool.

Alchemy Pay users can link their virtual cards to Samsung Pay, enabling payments with crypto online and in-store, according to an Oct. 7 announcement. Over 500,000 users of Alchemy Pay's virtual card can now use their crypto for retail payments in the 24 countries where Samsung Pay is available.

Already available on Google Pay, Alchemy Pay's virtual card is now coming to Samsung Pay, giving users another seamless way to spend their crypto.

Alchemy Pay has introduced Samsung Pay integration for its Virtual Card service, allowing users to make fast and secure payments using cryptocurrency.

Alchemy Pay has been keen on offering its users an array of options when it comes to spending their crypto.

The SEC has settled the allegations and ordered a combined penalty of $700,000. The lawsuit was filed at the U.S. District Court for the Northern District of California.

TrustToken and TrueCoin, the entities behind the TrueUSD (TUSD) stablecoin, last week reached a settlement with the US Securities and Exchange Commission (SEC) over allegations of fraudulent and unregistered sales of investment contracts. The companies have agreed to pay a combined total of $700,000 in penalties and disgorgement without admitting or denying the SEC's findings.

The SEC accused TrustToken and TrueCoin of investing 99% of the reserves backing TUSD in a risky fund with redemption issues.

The SEC settled charges against TrueCoin and TrustToken for fraudulently marketing the TrueUSD stablecoin as fully backed by U.S. dollars.

Federal securities regulators have reached an agreement with TrueUSD (TUSD) issuer TrueCoin and lending protocol operator TrustToken to settle charges for the alleged and fraudulent sale of unregistered investment contracts.

Curve Finance proposed the complete removal of TUSD from the crvUSD ecosystem after the US SEC charged TrueCoin with investor fraud. In addition, the DEX proposed reducing the overreliance on PayPal's pyUSD as collateral.

The proposal suggests reducing TUSD's collateral backing to zero, effectively ending its support for crvUSD if approved.

TL;DR Proposal to Remove TUSD: Curve Finance is considering removing TrueUSD (TUSD) from crvUSD's collateral due to regulatory issues and concerns about TUSD's stability. Limiting PYUSD: The proposal also suggests reducing the minting capacity of crvUSD with PayPal's PYUSD from $15 million to $5 million to diversify and secure the collateral portfolio.

Curve Finance's potential removal of TUSD as collateral underscores the DeFi sector's need for robust risk management and regulatory adaptability. The post Curve Finance considers dropping TrueUSD from crvUSD collateral appeared first on Crypto Briefing.

“crvUSD is overexposed to minor stablecoins, especially TUSD which has a dubious track record and has recently been charged by the SEC with defrauding investors,” the proposer wrote.

DEX Curve Finance is assessing a proposal to lessen its dependence on TUSD stablecoin after the US SEC dropped charges against issuers Truecoin and Trusttoken. The regulator alleged that the entities violated securities policies by using risky offshore funds to back 99% of TrueUSD's reserves, raising worries about the crvUSD's stability.

TrueCoin and TrustToken, the companies responsible for the TrueUSD (TUSD) stablecoin, have reached a settlement with the Securities and Exchange Commission (SEC) following allegations of misconduct.

Curve Finance is evaluating a proposal to reduce its reliance on the stablecoin TUSD following the resolution of U.S. Securities and Exchange Commission (SEC) charges against Trusttoken Inc. and Truecoin LLC, the companies behind the dollar-pegged token.

The regulator alleged TUSD was 99% backed by a risky offshore fund, raising concerns about using TUSD to back Curve's stablecoin.

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TL;DR Fraudulent Claims: TrustToken and TrueCoin falsely marketed TrueUSD (TUSD) as fully backed by U.S. dollars while investing in a risky offshore fund. SEC Settlement: Both companies agreed to pay $163,766 each in civil penalties, with TrueCoin also paying $340,930 in disgorgement and $31,538 in interest.

US SEC and crypto firms TrueToken and TrueCoin have arrived at an agreement to settle charges. The two companies faced charges from the regulator regarding the issuance of stablecoin TUSD.

The firms behind TrueUSD, a USD-pegged stablecoin, have been charged by the U.S. Securities and Exchange Commission.

The US Securities and Exchange Commission (SEC) has settled with TrueCoin and TrustToken, the companies behind TrueUSD stablecoin, for $700,000.

The U.S. Securities and Exchange Commission (SEC) announced settled charges against crypto companies Trusttoken Inc. and Truecoin LLC. The charges allege fraudulent misrepresentations and unregistered sales of investment contracts related to the stablecoin trueusd (TUSD). U.S.

On Tuesday, the Securities and Exchange Commission (SEC) disclosed that TrueCoin LLC and TrustToken Inc., the parties behind the TrueUSD (TUSD) stablecoin, improperly invested nearly all their reserves in a speculative offshore fund. This revelation led to a settlement of charges against the companies for fraudulent and unregistered sales of investment contracts.

The US Securities and Exchange Commission (SEC) has charged TrueCoin and TrustToken with fraudulent and unregistered sales of investment contracts involving the TrueUSD (TUSD) stablecoin, and lying about its backing, according to a Sept. 24 statement.

In a significant development in the cryptocurrency regulatory landscape, TrueCoin LLC and TrustToken Inc., the companies behind the TrueUSD (TUSD), have reached a settlement with the United States Securities and Exchange Commission (SEC) over allegations of fraud and unregistered sales of investment contracts.

The securities regulator claims the token is undercollateralized and its backing funds are in a risky overseas investment.

The U.S. SEC said it reached a settlement with TrueCoin LLC and TrustToken Inc., following charges involving the sale of stablecoin TrueUSD.

The US Securities and Exchange Commission (SEC) has announced charges settlement with TrustToken, the issuer of the TrueUSD stablecoin. TrustToken and TrueCoin were both named in the settlement as the markets regulator said they offer unregistered securities to investors.

The Securities and Exchange Commission announced a settlement with TrustToken and TrueCoin for defrauding investors regarding TrueUSD.

TrueCoin LLC and TrustToken Inc. were charged with fraudulent and unregistered sales of investment contracts over TrueUSD.

Fiat-cryptocurrency payment gateway Alchemy Pay's Virtual Card now supports Google Pay, enabling users to pair the card with that digital payment platform. By adding the crypto card to Google Pay, users can make payments for everyday transactions more quickly and securely, Alchemy Pay said in a Wednesday (Sept.