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OKX SG Introduces USDT and USDC Scan-to-Pay Service in Singapore

OKX SG has launched OKX Pay, a stablecoin-based payment service, in partnership with StraitsX and Grab. This platform lets users pay with USDC and USDT by scanning GrabPay SGQR codes, aiming to make digital payment tokens practical for daily transactions beyond just trading and investment. OKX SG, which secured a major payment institution license, collaborates with StraitsX to facilitate everyday spending using the two leading U.S. dollar-pegged stablecoins. The service offers a streamlined conversion to XSGD, which is then converted to fiat currency for merchants, simplifying stablecoin acceptance without the need for merchants to deal directly with digital tokens. This initiative reflects a growing trend in Asia towards stablecoin integration in commercial activities, with a significant rise in stablecoin transaction volumes. Gracie Lin, CEO of OKX SG, highlighted the service's ability to meet practical customer needs, while StraitsX’s CEO emphasized that stablecoins will play a crucial role in the future of global commerce.

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Ex-LA Sheriff’s Deputy Pleads Guilty to Extortion Scheme With ‘Crypto Godfather’

Michael David Coberg, a former Los Angeles County Sheriff's deputy, has pleaded guilty to conspiracy to commit extortion and conspiracy against rights for collaborating with Adam Iza, labeled a 'Crypto Godfather.' The two orchestrated a scheme involving armed extortion, staging drug arrests with planted narcotics, and

XRP Rallies Into SEC Catalyst Window, Resistance Cements at $2.93

XRP recently experienced a 2.1% rise, buoyed by institutional accumulation exceeding 120 million tokens. With seven pending XRP spot ETF applications before the SEC, including Grayscale’s submission due October 18, the market awaits potential regulatory catalysts between October 18 and November 14. This timeframe is expected to significantly

DOGE Holds Above 200DMA, Breakout Needs Daily Close Through $0.24

DOGE has experienced resistance at $0.24 despite attempts to break above this threshold, settling around $0.23 by session's end. A significant outflow of approximately 40 million DOGE from large holders contributed to the resistance, despite high trading volumes. The cryptocurrency remains above its 200-day moving average,

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