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8,000 Bitcoin Scam Victims Get Refunds From US Regulator

7.11.2020
The U.S. Federal Trade Commission is refunding about 8,000 victims who lost money from investing in two bitcoin scams. The fraudulent schemes promised that investors could turn their cryptocurrency payments of about $100 into $80,000 in monthly income. Bitcoin Pyramid Schemes’ Victims...

South Korea To Ban Crypto Exchanges From Handling Privacy Coins

6.11.2020
South Korea is to ban crypto exchanges from handling digital assets it considers “dark coins”. Regulator Financial Services Commission (FSC) is specifically targeting privacy coins such as dash, monero and zcash. ● The ban is with effect from March 2021. In an update to crypto...

Iran Adopts Bitcoin for International Trade Amid Heavy Sanctions, Falling Rial, Soaring Inflation

6.11.2020
The Iranian government has adopted bitcoin for international trade as the country’s economic crisis deepens, with rising Covid-19 cases, depreciating rial, and intensifying sanctions imposed by the U.S. government. Iran’s Economic Troubles Magnified Iran is undergoing a severe economic...

Justice Department files antitrust lawsuit against Visa's acquisition of Plaid

5.11.2020
Monopolizing a market is legal in some instances, but not others

Chinese Payments Giant UnionPay to Support Crypto Payments With New Virtual Card

4.11.2020
The world's biggest credit and debit card company will support payments with a South Korea-developed cryptocurrency for an upcoming virtual card offering

Paypal Begins Crypto Service: CEO Reveals Increased Limits, Expansion Plans, Venmo Rollout

3.11.2020
Payments giant Paypal has revealed more details of its new cryptocurrency service. The company is currently rolling out crypto functionality to U.S. customers, after which it will launch the service internationally and on the Venmo platform. Paypal’s CEO Unveils Crypto Plans Paypal CEO...

PayPal CEO Discusses ‘Expansive’ Digital Wallet Plans on Q3 Earnings Call

2.11.2020
PayPal’s cryptocurrency products are going to expand rapidly in 2021, executives said on the company’s third quarter earnings call Monday

Mastercard President Says Crypto Patents Will Pay Off When Central Bank Digital Currencies Arrive

2.11.2020
Crypto IP "puts us in a good position" for central bank digital currency, said Mastercard President Miebach

Paxful to Roll Out Crypto Debit Card for US Customers

2.11.2020
The peer-to-peer digital asset marketplace is launching a Visa card, starting in the U.S. market

Second Stimulus Checks: When Lawmakers Will Pass Relief Package With Direct Payments to Americans

2.11.2020
Negotiations on a new coronavirus aid stimulus package are still underway as Americans wait to receive their second round of stimulus checks. House Speaker Nancy Pelosi, President Donald Trump, and Senate Majority Leader Mitch McConnell have their own ideas of when the next stimulus package with...

Lightning Network Exploits Continue to Hinder the Bitcoin Scaling Solution

1.11.2020
While bitcoin has run-up to all new price highs in 2020, a great number of crypto supporters have been complaining about the mempool backlog and the high fees needed to send a transaction. Meanwhile, the Lightning Network is far from seeing widespread adoption, and a number of attack vectors have...

Coinbase Card Now Available in the US for Payments and Purchases

29.10.2020
Leading global crypto trading network Coinbase announced the launch of the Coinbase Card in the United States. As per the official tweet, Coinbase Card is a Visa debit card that will allow users to spend their crypto for purchases and payments wherever Visa is accepted, and earn up to 4% crypto...

Circle CEO Jeremy Allaire seems to already be using PayPal to buy Bitcoin

29.10.2020
The CEO tweeted a screenshot of an apparent $100 purchase of Bitcoin using the service well ahead of its official rollout date

Ripple to Invest in Japan’s SBI Subsidiary MoneyTap

29.10.2020
Ripple plans to invest in MoneyTap, the blockchain payments app birthed through a joint venture between the San Francisco-based firm and SBI Holdings

Cambodia launches inter-banking platform that runs on blockchain

28.10.2020
But don’t call it a CBDC, says central bank reps

Cambodia Central Bank Launches Bakong Blockchain Payments System

28.10.2020
Cambodia sees Bakong as a critical step in modernizing its payment system and de-dollarizing its economy

After Praising Bitcoin, JPMorgan Pushes JPM Coin, Sets Up Dedicated Crypto Unit

28.10.2020
JPMorgan Chase has revealed that its own JPM Coin is now being used commercially by a large tech company. The company has set up a dedicated crypto business unit with a focus on cross-border payments. This news follows a group of JPMorgan analysts praising bitcoin as an alternative investment...