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Crypto

Gusto partners with Zerohash to support stablecoin-based global payroll remittances

Global payroll and HR platform Gusto will work with crypto infrastructure provider Zerohash to introduce a stablecoin-based payroll payment system. The tie-up is designed to add a stablecoin payroll option for workers outside the United States and improve remittance speed. The integration is currently in beta and allows workers to receive wages in U.S. dollar-based stablecoins, enabling settlement within minutes rather than the 3 to 7 days typical for international transfers. Gusto has more than 400,000 small and midsized business customers.

Crypto

Crypto mining hardware maker Canaan faces Nasdaq delisting risk

Cryptocurrency mining hardware maker Canaan has received a delisting warning from Nasdaq, Cointelegraph reported on Jan. 19. The stock has fallen 63 percent over the past 12 months and has traded below $1 at the close for 30 days, violating Nasdaq rules. Nasdaq granted Canaan a 180-day compliance period. The company is considering steps including seeking an extension and a reverse stock split.

Crypto

Binance Australia resumes bank transfers after two years

Binance has resumed fiat bank transfer services in Australia after a two-year suspension, Cointelegraph reported. Since mid-2023, Binance Australia users had only been able to deposit and withdraw funds using credit or debit cards. The resumption extends a pilot programme launched last year for some users. Binance said the move improves user experience and strengthens its compliance system. The exchange was cut off from Australia’s financial system in 2023 after Cuscal halted support.