News with the tag "Coins.ph"

Stables Money already has a chunk of the $35 billion Philippine remittance market and will upgrade service with the new stablecoin.

The Philippine Department of Justice (DOJ) has charged two Russian nationals with stealing PHP340 million ($6.2 million) worth of XRP cryptocurrency from a local crypto exchange. The suspects allegedly hacked Coins.ph’s system to commit the theft. The DOJ emphasized the importance of vigilance again...

The Philippines’ Department of Justice (DOJ) charged two former consultants for Coins.ph, a well-known crypto currency exchange, in an action shocking the Philippine bitcoin community. Russian nationals Vladimir Evgenevich Avdeev and Sergey Yaschuck are accused of launching a carefully thought out h...

Philippines' central bank has given its approval to digital currency exchange Coins.ph to pilot a Philippine Peso backed stablecoin called PHPC, the company said last week.

The Bangko Sentral ng Pilipinas, the central bank of the Philippines, has approved PHPC, a stablecoin pegged to the Philippine peso, aimed at facilitating cost-effective remittances. Crypto exchange Coins.ph, the stablecoin issuer, plans to attract 20,000 to 30,000 users in the first month. The PHPC...

Coins.ph, a Philippines-based cryptocurrency exchange and Ripple ODL partner, faced a substantial security breach resulting in the loss of more than 12 million XRP coins, amounting to approximately $6.2 million. The breach occurred on October 17, 2023, and was performed by a suspected hacker who con...

Coins.ph, a renowned cryptocurrency exchange in the Philippines, is grappling with a storm of controversy after reports surfaced suggesting a potential loss of a staggering 12 million XRP, translating to $6 million. The crisis, arriving at the heels of maintenance activities conducted by the exchang...

Philippines-based cryptocurrency exchange Coins.ph reportedly experienced a major security breach that led to the loss of more than 12 million XRP coins ($6.2 million). Coins.ph, a cryptocurrency exchange based in the Philippines, reportedly experienced an exploit leading to the loss of about 12.2 m...

Circle, a global fintech firm, has teamed up with Coins.ph to promote the use of USDC for remittances in the Philippines.

18 million users of Coins.ph are expected to receive a faster, lower-cost and more accessible remittance option as a result of the new partnership with Circle.