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Bitcoin in Cuba: Why some Cubans are adopting BTC to escape ‘The Matrix’
16.6.2023
Private businesses in Cuba could be poised to benefit from the cryptocurrency revolution in one of the world’s harshest business environments
Central Banks Successfully Test Over 30 CBDC Use Cases, Including Offline Payments
16.6.2023
An API layer could facilitate a wide range of central bank digital currency payment scenarios, a Bank for International Settlements and Bank of England experiment has shown
Egypt Applies for BRICS Membership, Seeks Trade in National Currencies
16.6.2023
Egypt has filed an application to join the BRICS bloc, Russia’s ambassador to the Arab nation confirmed. The government in Cairo is interested in using alternative currencies in foreign trade, either national fiats or a new common currency, the diplomat unveiled. Egypt Takes Step to Join BRICS...
Bitcoin-Based Strike Debuts Lightning Network Cross-Border Payments in Mexico – Crypto Adoption on the Rise
15.6.2023
Bitcoin payments firm Strike has extended the reach of its cross-border payments service to Mexico, as the company aims to leverage the country’s expansive remittances market.
As of June 14, 2023, the company has introduced its 'Send Globally' service to the third largest country in Latin America....
Hong Kong Put Pressure on Three Major Banks to Take on Crypto Exchanges as Clients: Report
15.6.2023
The Hong Kong Monetary Authority (HKMA) is putting pressure on HSBC, Standard Chartered and Bank of China to take on crypto exchanges as clients
Custodian Prime Trust’s Payments Subsidiary Banq Files for Chapter 11 Bankruptcy Protection
15.6.2023
Shortly after the custodian Bitgo announced its acquisition of the company Prime Trust, its payments subsidiary, a firm called Banq, filed for Chapter 11 bankruptcy protection in the United States. According to court documents, the filing reveals that Banq listed approximately $17.725 million...
Strike Expands Lightning-Powered Cross-Border Payments to Mexico
14.6.2023
The company says Mexico is the largest market for remittances from the U.S
Prime Trust subsidiary Banq files for bankruptcy amid BitGo acquisition deal
14.6.2023
Prime Trust payment subsidiary Banq files for bankruptcy, citing “unauthorized’ asset transfers to Fortress Group
Novatti launches AUDD on XRPL for global payments
13.6.2023
The adoption of stablecoins has been steadily increasing in recent years. According to The Block Research’s 2023 Digital Asset Outlook report, stablecoins have gained product-market fit and institutional adoption, with their overall usage reaching new records in 2022. The annual adjusted...
Iran and Russia Talk Crypto Cooperation, Unveil Tool Streamlining Trade in National Currencies
12.6.2023
Experts and business representatives from Iran and Russia have discussed the potential uses of cryptocurrencies and blockchain. The two countries are also collaborating on implementing new financial instruments facilitating bilateral trade in their national fiats. Financial Expo Brings Together...
Economist Jim Rickards Predicts Unveiling of New BRICS Currency — Says ‘the World Is Unprepared for This Geopolitical Shock Wave’
11.6.2023
Jim Rickards, an economist and the author of “Currency Wars,” has predicted the unveiling of a new BRICS currency, stating that it “could weaken the role of the dollar in global payments and ultimately displace the U.S. dollar as the leading payment currency and reserve currency.” Emphasizing that...
Bitcoin Payments Firm Strike Moves Custody In-House After Ditching Third-Party Services
9.6.2023
The move is a “culmination of over two years of effort,” according to Strike CEO and cofounder Jack Mallers
Biggest Bank in Australia to Limit Transfers to Crypto Exchanges
9.6.2023
Commonwealth Bank of Australia plans to restrict payments to crypto trading platforms, citing the threat of scams. The measure would deal another blow to digital asset exchanges operating in the country where it has been getting harder to deposit funds for cryptocurrency operations. Crypto Traders...
Bitcoin payments exec shares adoption challenges in the Philippines
8.6.2023
Pouch founder Ethan Rose said that they've managed to convince 400 businesses to accept Bitcoin in the Philippines
Australia's Commonwealth Bank Will Partially Restrict Payments to Crypto Exchanges
8.6.2023
The Australian bank announced on Thursday that will decline "certain payments" to crypto exchanges or hold them for a period of 24 hours
Major Australian bank to decline ‘certain’ payments to crypto exchanges
8.6.2023
James Roberts, Commonwealth Bank General Manager of Group Fraud Management Services cited a huge scale of "investment scams" involving crypto exchanges
Report: EA 'Exploiting The Players' With College Football Payments
8.6.2023
For the first time in a decade, EA Sports will be releasing a college football game this season. The main reasons for that 10-year hiatus was a conflict over player payments (which weren’t allowed under NCAA rules) and likenesses. Those had presumably been resolved in the lead-up to EA Sports...
Circle is latest recipient of Major Payment Institution license in Singapore
7.6.2023
The stablecoin issuer is the second crypto company to receive Singapore’s MPI license this month, following Crypto.com
Kenyan Central Bank: CBDC Not a Priority ‘in the Short to Medium Term’
6.6.2023
The Kenyan central bank has said implementing a central bank digital currency (CBDC) may not be a priority for Kenya in the short to medium term. According to the central bank, Kenya’s “pain points in payments can potentially be solved by strengthening innovations around the existing payment...
Report: Binance Controlled Bank Accounts Belonging to Its US Affiliate Between 2019 and 2020
6.6.2023
Between 2019 and 2020, crypto exchange Binance controlled bank accounts belonging to its U.S. affiliate including one holding funds of American clients, a new Reuters report has said. According to the report, employees of the crypto exchange’s U.S. affiliate had to get Binance executive...