Philippines to Host Fintech Revolution Summit 2025 in Manila

The Philippines will host the Fintech Revolution Summit 2025 on April 29-30, positioning itself as Southeast Asia’s fintech leader. With digital payments projected to reach $31.68 billion and over 65 million digital wallet users by 2025, the summit will gather over 300 industry leaders to discuss innovations and forge valuable partnerships in the evolving fintech landscape. This event promises actionable insights and networking opportunities, showcasing the country’s vision for a cashless future.

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ABN AMRO Completes Tokenized Trading Pilot with 21X on Ethereum

ABN AMRO, the Netherlands’ third-largest bank, has successfully completed a pilot for tokenized trading using stablecoins in collaboration with German exchange 21X. The trial involved on-chain settlement for tokenized securities, with ABN AMRO issuing an ERC-3643 token on the Polygon Amoy Testnet. Following the pilot, the bank plans to enhance its offerings with secondary market capabilities through partnerships with European DLT systems. In Jakarta, police dismantled a crypto romance scam syndicate that targeted professionals from Southeast Asia, arresting 20 suspects linked to a fraudulent trading platform. The scheme promised high returns and has been active for over two months, with ongoing investigations into the total losses incurred.

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Record Growth in Mobile Crypto Wallets and Stablecoin Adoption in 2024

Mobile cryptocurrency wallets reached a record high of over 36 million in Q4 2024, reflecting a shift from passive to active users amid growing mainstream adoption. Stablecoins emerged as a key driver in the crypto market, with trading volumes surging to $30 trillion, as they offer faster and cheaper alternatives for transactions, particularly in East Asia, where they are increasingly replacing fiat currencies.

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Coinbase Expands Services in Argentina with New Regulatory Approval

Coinbase has received regulatory approval in Argentina to expand its services, allowing it to offer local payment methods in pesos and operate within the legal framework for virtual assets. The exchange plans to implement educational initiatives to enhance crypto literacy among Argentinians, who increasingly view cryptocurrency as a means to address financial challenges amid high poverty rates. With five million users, Argentina has emerged as a leading country in Latin America for crypto inflows, surpassing Brazil.

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SEC Wins Key Ruling Against Kraken in Securities Case

A California federal judge has dismissed Kraken’s “major questions doctrine defense” against the SEC’s allegations of operating as an unregistered securities exchange. Judge William Orrick ruled that the SEC’s authority over crypto is within the powers granted by Congress, while allowing Kraken’s “fair notice” defense to proceed, indicating the SEC has not sufficiently shown that Kraken violated the law. The SEC’s lawsuit, filed in November 2023, claims Kraken has violated securities laws since 2018.

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Majority in Four Countries View Crypto as Solution to Financial Issues

A study by Coinbase reveals that over two-thirds of adults in Argentina, Kenya, the Philippines, and Switzerland view cryptocurrency as a solution to their outdated financial systems. In Kenya, 94% see crypto as a remedy, while 81% in the Philippines and 76% in Argentina share this belief. Swiss respondents are less optimistic, with only 67% believing crypto can address financial frustrations, reflecting a cautious approach to innovation in their traditionally strong banking system.

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US Treasury XRP Wallet Rumors Debunked as Fraudulent Activity Uncovered

Rumors of a US Treasury wallet on the XRP Ledger have been debunked as fraudulent. A suspicious wallet, activated on January 21, falsely claimed ties to major financial institutions and used misleading domain references, prompting experts to warn users against sending XRP to such addresses. Community members emphasize the importance of thorough research to avoid scams.

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Top Cryptos to Invest in Qubetics Chainlink and Stellar Innovations

Stellar is revolutionizing cross-border payments with its platform that enables instant, low-cost currency conversions, making it a vital tool for businesses and individuals. Alongside Qubetics’ innovative non-custodial multi-chain wallet and Chainlink’s decentralized oracle network, these projects are at the forefront of the evolving digital finance landscape. With strong partnerships and a focus on usability, they present compelling investment opportunities in the cryptocurrency market.

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Crypto Adoption Surpasses Mobile Phones and Internet in Rapid Growth

Crypto adoption has surged to 300 million users in just 12 years, outpacing mobile phones by 43% and the internet by 20%, according to BlackRock. Key drivers include demographic trends favoring younger generations, global economic shifts, and the maturation of digital asset infrastructure. Emerging markets like Nigeria and South Africa show significant interest, while industrialized nations lag behind.

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Emerging Cryptocurrencies to Watch for Growth and Innovation in 2024

Hedera’s Hashgraph technology is gaining traction for enhancing AI integrity and security, attracting interest from major tech firms. Additionally, it is developing PHPX, a stablecoin backed by the Filipino peso, to improve remittance efficiency by 2025. Meanwhile, LuckHunter is revolutionizing the metaverse casino space with deflationary tokenomics and DeFi integration, presenting a lucrative pre-sale opportunity for investors.

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Philippine Banks Launch PHPX Stablecoin to Enhance Cross-Border Payments

Several Philippine banks are collaborating to launch PHPX, a peso-backed stablecoin designed to enhance cross-border payments and financial inclusion, with a launch expected between May and July. Developed by Just Finance on the Hedera DLT network, PHPX aims to facilitate real-time remittances, allowing overseas workers to make direct payments for expenses like school tuition in the Philippines. The initiative includes plans for a multicurrency stablecoin exchange and adheres to global compliance standards to ensure secure transactions.

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Smooth Love Potion poised for potential 7110 percent price surge

Smooth Love Potion (SLP) is gaining traction in the cryptocurrency market, with a potential breakout target of $0.33263, suggesting a staggering 7,110% increase. This surge is supported by ecosystem enhancements in Axie Infinity and significant token burns, which are reducing supply and boosting interest. Currently priced at approximately $0.004243, SLP has seen an 11.12% rise over the past week, reflecting growing investor confidence.

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