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Russian Central Bank Suggests Using Crypto to Counter Western Sanctions
4.7.2024
Russia’s central bank has urged businesses to consider various payment solutions, including cryptocurrencies and digital assets, to manage transactions with foreign partners and counter Western sanctions. Bank of Russia Governor Elvira Nabiullina highlighted that the central bank has softened...
Orbital Analysis: Emerging Markets Overwhelmingly Embrace USDT Payments on TRON
3.7.2024
Orbital, a provider of blockchain-based payments, has published a blog post highlighting the importance of USDT payments on TRON in emerging markets. The company processes millions of on-chain transactions each year, valued in the billions of dollars. The post explains that while developed markets...
Canadian crypto adoption struggles as cash remains king
3.7.2024
For two years in a row, Canadians have shown a strong preference for cash and card payments for day-to-day purchases
Aave DAO Launches GHO Stablecoin on Arbitrum Network
2.7.2024
Aave DAO has introduced its multi-collateralized stablecoin, GHO, on the Arbitrum network. This move marks the first step in the DAO’s phased strategy for cross-chain expansion. Aave DAO Begins Cross-Chain Expansion With GHO on Arbitrum According to an announcement, Aave DAO has launched...
Tether and Uquid Partner for Social Security Payments in the Philippines
1.7.2024
The largest stablecoin issuer, Tether, has announced a collaboration with Uquid, a Web3 e-commerce platform. This partnership enables residents of the Philippines to pay their Social Security System (SSS) contributions using the stablecoin issued on The Open Network (TON). Additionally, Uquid...
Philippines adopts Tether’s USDT for social security payments
1.7.2024
The Social Security System is a state-run social insurance program that serves employees in the official, informal, and private sectors
Julian Assange Bitcoin donation shows how crypto can support transparency
28.6.2024
The Bitcoin community came to Julian Assange’s aid, helping ensure the WikiLeaks founders’ safe and debt-free return to Australia
US Lawmaker Pushes Bill to Allow Bitcoin Payments for Federal Income Taxes, Citing El Salvador’s Success
26.6.2024
U.S. Congressman Matt Gaetz has introduced a bill to allow federal income taxes to be paid with bitcoin. Inspired by El Salvador’s success with the cryptocurrency, the lawmaker believes this move will modernize the U.S. tax system, promote innovation, and maintain America’s...
UAE regulations may ban crypto payments, warns lawyer
26.6.2024
UAE lawyer Irina Heaver told Cointelegraph that the policy shift could signal a “less favorable environment” for crypto in the UAE
Bitcoin Payments App Strike Enters UK as Global Expansion Rolls Out
25.6.2024
The payments firm now operates in over 100 countries and territories globally
Transak and Privado ID Announce Partnership to Enhance Decentralized KYC Procedures
24.6.2024
Crypto payments gateway solution Transak has teamed up with Privado ID to launch a new “Reusable KYC” service aimed at improving the decentralized identity verification process. This collaboration introduces a novel method that promises to maintain user privacy without compromising...
Mt. Gox to Begin Bitcoin & $BCH Rehabilitation Payments in July
24.6.2024
The defunct Bitcoin exchange Mt. Gox’s Rehabilitation Trustee, Nobuaki Kobayashi, announced today that they will begin paying their creditors in Bitcoin and Bitcoin Cash starting in July. This decision is part of a plan to compensate creditors who faced setbacks when the exchange shut down in 2014....
Mt Gox to Start Distributing $9 Billion in Bitcoin to Creditors in July After Decade-Long Wait
24.6.2024
On Monday, June 24, 2024, the Mt Gox bankruptcy trustee declared that reimbursements are slated to commence at the start of July. The trustee explained that disbursements will be made in bitcoin and bitcoin cash and sent to designated exchanges. After Ten Years, Mt Gox Trustee Announces July Start...
WSPD & DigiFT team up for innovative Web3 payments
18.6.2024
DigiFT has recently signed a remarkable partnership with WSPN, a globally recognized company in the digital payment business. This is the world’s first regulated exchange that is exclusively involved in the trade of real-world assets that are registered on blockchain technology, which is commonly...
CBDC Interest Climbs Steadily Over Five Years, Google Trends Data Shows
15.6.2024
Google Trends data reveals a consistent increase in search interest for “CBDC,” which stands for central bank digital currency, over the past five years. The term has maintained a score above 20 since August 2022, on a scale of 1 to 100, where 100 signifies peak interest. CBDCs...
BIS Survey: 94% of Central Banks Exploring Digital Currency
15.6.2024
The latest Bank for International Settlements (BIS) survey reveals that 94% of central banks are exploring central bank digital currencies (CBDCs). There has been a notable increase in wholesale CBDC experiments, especially in advanced economies. Central banks are examining various factors...
South African Retailer Accepting BTC Sees Significant Increase in Monthly Crypto Transactions
14.6.2024
The South African retail giant, Pick n Pay, has reported a significant increase in the value of monthly cryptocurrency payments, rising from approximately $1,350 to $54,000. The regions of Gauteng, KwaZulu-Natal, and the Western Cape in South Africa account for the lion’s share of Pick...
Former Coinbase Business Developer: ‘There Wasn’t a Long-Term Case for Bitcoin Payments’
12.6.2024
Nick Tomaino, a former business developer and marketing lead at Coinbase, explained how the idea of bitcoin for payments gradually lost its relevance in the market. Tomaino detailed that Coinbase rode this premise back in 2014 to raise $125 million in two funding rounds, but it was quickly clear...
Bitcoin is no ‘silver bullet’ for money’s ethical problems
10.6.2024
Both Bitcoin and fiat currency are often in the firing line over ethical concerns, with a dedicated group of defenders and critics
China’s largest payments app debuts AI feature that checks if you’re balding
9.6.2024
Eat your heart out Elon Musk and X.com, China’s Alipay is the real ‘everything app.’