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Elon Musk's SpaceX utilizes stablecoins to mitigate foreign exchange risks associated with payments from customers in various countries for its Starlink service. Venture capitalist Chamath Palihapitiya highlighted that this strategy allows SpaceX to avoid the complexities of currency conversion and wire transfers. He also noted that stablecoin providers are emerging as significant competitors to traditional banks and payment systems, potentially reducing transaction costs and enhancing global GDP.
The UK's Financial Conduct Authority (FCA) has launched a public consultation aimed at establishing clear crypto regulations to combat fraud and market abuse, with draft regulations expected by 2025 and full implementation by 2026. In the evolving crypto landscape, Plus Wallet offers top-tier security and multi-chain compatibility, allowing users to manage assets seamlessly across various blockchains. Meanwhile, MetaMask has introduced its MetaMask Card in Brazil, Mexico, and Colombia, facilitating easy crypto payments integrated with Mastercard, Apple Pay, and Google Pay.
The UK Financial Conduct Authority (FCA) has launched a public consultation on crypto regulations, focusing on fraud and market abuse, with new regulations expected by 2025. Meanwhile, MetaMask has introduced its MetaMask Card in Brazil, Mexico, and Colombia, allowing seamless crypto transactions through Mastercard integration. Plus Wallet stands out for its robust security features and multi-chain support, catering to both new and experienced users while ensuring asset protection and flexibility.
Aptos CEO Mo Shaikh has resigned, effective December 19, to pursue new opportunities while remaining a strategic adviser. Avery Ching, co-founder and former CTO, has taken over as CEO, focusing on expanding the ecosystem and driving technical advancements, particularly in Asia. Under Shaikh's leadership, Aptos launched its layer-1 blockchain mainnet and secured over $400 million in funding.
Mo Shaikh has stepped down as CEO of Aptos Labs to "start a new chapter," with co-founder Avery Ching taking over the role. Shaikh, who co-founded the layer-1 blockchain in 2021 and helped raise $400 million, will remain as a strategic adviser while expressing confidence in the team's future. Aptos aims for significant technical innovation and ecosystem expansion in 2025 under Ching's leadership.
UBS Global Research has identified 25 US stocks with strong potential for 2025, focusing on technology, healthcare, and industrial sectors. Notable picks include 3M Company, Amazon, CyberArk Software, and Texas Instruments, with expectations of growth driven by strategic initiatives and market demand. Other recommendations include Alaska Air, Mastercard, and Oracle, highlighting an attractive risk/reward ratio for investors.
UBS Global Research has identified its top 25 U.S. stock picks for 2025, focusing on companies poised for growth across technology, healthcare, and industrial sectors. Key selections include Amazon, CyberArk Software, and Texas Instruments, with an emphasis on strategic acquisitions and innovation driving performance. The firm believes that current market pessimism presents favorable risk-reward scenarios for these stocks.
UBS Global Research has identified its top 25 U.S. stock picks for 2025, focusing on companies poised for growth across technology, healthcare, and industrial sectors. Key selections include Amazon, CyberArk Software, and Texas Instruments, with expectations of strong performance driven by strategic initiatives and market recovery. The firm highlights that factors like acquisitions and regulatory clarity will be crucial for these stocks' success.
Bolivia is witnessing a surge in cryptocurrency adoption as Meru launches a blockchain wallet that integrates with Visa, Mastercard, and MoneyGram, targeting freelancers across Latin America. The wallet, built on the Stellar blockchain, offers self-custody and DeFi features, facilitating over 50,000 transactions worth more than $13 million. With cryptocurrency transactions exceeding $75 million in just four months, the trend reflects a growing demand for digital financial solutions in the region.
VPBank has announced a new cash withdrawal limit for its international credit cards, effective from January 1, 2025. The total maximum cash withdrawal limit is set at VND 100 million per month, with VND 10 million for ATM/POS/QR code transactions and VND 90 million for telephone/VPBank NEO transactions. Customers can withdraw amounts within the available limit of each card type.
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