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Ukrainian President Signs Law Opening Door for Digital Hryvnia, Regulatory Sandbox
1.8.2021
President Volodymyr Zelensky has signed a law that will allow the National Bank of Ukraine to issue its own digital currency. The new legislation, which aligns Ukrainian regulations with EU rules, will also stiffen authentication requirements for clients of payment service providers....
Automated Investment Service Firm Wealthfront Adds Support for Grayscale’s BTC, ETH Trusts
31.7.2021
On Thursday, the Palo Alto-based automated investment service firm, Wealthfront Inc., announced that customers can now get exposure to crypto assets via the company’s platform. The firm revealed that clients can choose from two Grayscale investment trusts, as the company now offers...
Bank of America, Coinbase, FTX Invest in Paxos Series D Funding Round
31.7.2021
Paxos, a blockchain services and tokenization firm has added Coinbase Ventures, FTX, Bank of America, and Founders Fund as backers in its Series D funding round that started last April. These institutions were listed as “strategic investors,” but the amounts of their contributions were...
Global Cryptocurrency Adoption Doubled Since January Reaching 221 Million Users: Report
31.7.2021
A new report issued by Crypto.com, a cryptocurrency exchange and fintech services firm, discovered that the number of people using cryptocurrencies has more than doubled since January, reaching 221 million last June. The report states that the rise of the defi movement, institutions like Tesla...
Paypal Unveils Plans to Expand Cryptocurrency Services With ‘Super App’ and Open Banking Integration
30.7.2021
Payments giant Paypal has outlined its plans to expand cryptocurrency services, including via a new wallet “super app,” open banking integration, U.K. expansion, and third-party wallet transfers. “We continue to be really pleased with the momentum we’re seeing on crypto...
State Street to launch crypto services for private funds clients
30.7.2021
After leading Lukka’s Series C funding round in late 2020, State Street partners with the firm to offer new digital asset services
FinCEN's new digital currency advisor says crypto's 'just another means of payment'
30.7.2021
FinCEN digital currency advisor, Michele Korver, believes cryptocurrency is a natural evolution in financial technology
Financial Giant State Street Expands Cryptocurrency Services as Demand From Traditional Funds Soars
30.7.2021
State Street Corp., one of the world’s leading providers of financial services to institutional investors, has announced the expansion of its crypto services in partnership with Lukka, an enterprise crypto asset data and software provider. State Street Launching New Crypto Services State...
Crypto Payment Option Makes Services More Affordable: Zimbabwe Music Studio Director
29.7.2021
A Zimbabwean music production company, Mutscon Music, recently announced that its clients can now pay for services using cryptocurrencies like bitcoin and ethereum. According to the company, this decision has partly been necessitated by ongoing pandemic-related movement restrictions. Music Studio...
Bitrue Aims to Democratize Token Listing Rights by Opening Voting Power to Users
29.7.2021
Digital asset exchange Bitrue is seeking to engage its user community directly by distributing decision-making power for adding new token projects after the listing team thoroughly vets them. Platform Advancing Further Voting Powers in Future Updates Blockchain’s innate ability...
Russian ‘Time Capsule’ to Facilitate Inheritance of Crypto Assets
29.7.2021
Researchers in Moscow are developing a new service that will allow users to transfer digital data to their heirs, including crypto keys. The Russian “time capsule” will be capable of storing and relaying other private information as well such as a record of the whereabouts of valuable...
Paypal Plans to Study Transactions That Fund Extremism, Anti-Government Groups
28.7.2021
The payment processing giant Paypal has revealed it has partnered with the nonprofit organization the Anti-Defamation League (ADL). According to the announcement, Paypal is researching transactions settled on the payment network that allegedly fund hate groups and extremism. Paypal to Study...
Twitch Streamers and Devs Help Activision Blizzard Walkout With Boycotts, Money
28.7.2021
As employees at Activision Blizzard prepare for today’s Walkout for Equality, streamers, developers, and gamers from around the world are showing their support through charitable donations, game boycotts, and by signal-boosting the event.Read more
Kenyan Farmers Pivot to Cryptocurrency as Popularity of Community Currencies Grows
28.7.2021
The growth and popularity of community inclusion cryptocurrencies in Kenya continues to soar with the country’s rural farmers being the latest group to embrace the financial technology. As one report reveals, some farmers in Kenya’s countryside are now accepting cryptocurrency...
State of Crypto: Congress Is Holding 3 Hearings Today, Here’s What to Expect
27.7.2021
Congress is holding three simultaneous hearings around cryptocurrencies today – and they're all on different types of use cases
Banks in Kazakhstan to Open Accounts for Registered Crypto Exchanges
27.7.2021
Companies providing trading services for digital assets will be able to open accounts with banks in Kazakhstan, local media reported, quoting the country’s crypto industry association. The service should allow Kazakhs to legally invest in cryptocurrencies and cash out their profits. Crypto...
Jeff Bezos Directs Amazon to Accept Bitcoin and Other Popular Cryptocurrencies: Report
26.7.2021
Amazon is reportedly planning to accept bitcoin by the end of the year, after which the company will roll out support for other major cryptocurrencies. Furthermore, the company is exploring launching its own cryptocurrency. “The directive is coming from the very top … Jeff Bezos...
Portfolio Strategist Expects Cardano to Become Mainstream Cryptocurrency Alongside Bitcoin and Ether
26.7.2021
A portfolio strategist for American financial services firm Morningstar says that cardano could become a mainstream cryptocurrency alongside bitcoin and ether, forming a “big three” of mainstream cryptocurrencies. Strategist Believes Cardano, Ether, Bitcoin Could Become Mainstream...
Amazon’s Payment Team Hiring Digital Currency Expert to Develop Cryptocurrency Strategy and Products
24.7.2021
Amazon’s Payments Acceptance & Experience team is hiring a digital currency and blockchain expert to develop the company’s digital currency and blockchain strategy and product roadmap, including a launch strategy. “We’re inspired by the innovation happening in...
Binance Is Hunting for a New CEO — Exchange’s US Venture ‘Looks at Potential IPO Route’
23.7.2021
Binance CEO Changpeng “CZ” Zhao has explained in a recent interview that the company is looking to launch a U.S.-based initial public offering (IPO) in the future. The crypto exchange has been stuck in regulatory crosshairs during the last few weeks and has had issues with payment...