Search
Bitcoin User Claims Hack Triggered Record $3M Bitcoin Fee, 139 BTC Lost
27.11.2023
Bitcoin hack drained user’s wallet and forced record $3 million transaction fee payment. Image by Myst, Adobe Stock. A Bitcoin user has come forward claiming they were the victim of a hack that led to the record-breaking $3 million Bitcoin transaction fee paid last week. The anonymous user...
Vitalik Buterin Plans to Redesign Ethereum Staking, Praises UTXO Payment Model
27.11.2023
Source: ETHWORLD / YouTube In a recent interview with the NFT platform Defiant during his visit to Turkey, Ethereum co-founder Vitalik Buterin tackled the issue of staking centralization within the Ethereum network. Buterin highlighted the necessity to revamp Ethereum’s staking mechanism...
China Links Digital Yuan to ‘World’s Biggest Commodities Market’
27.11.2023
Source: kitti/Adobe A state-owned Chinese bank will link the digital yuan to the “world’s biggest small commodities market” via the latter’s payment platform. Per the People’s Daily, the new “cross-border” CBDC drive is the brainchild of the Bank of China and the city of Yiwu. Not to be confused...
Circle and SBI Holdings partner to boost USDC circulation in Japan
27.11.2023
The agreement was made in a memorandum of understanding, but SBI Holdings must first register as an electronic payment instruments service provider in the country
Wallet of Satoshi Exits US Market Amidst Record-Breaking Month, Leaving Customers to Seek Alternatives
24.11.2023
On Friday, Wallet of Satoshi, a provider of Lightning Network payment services, announced its departure from the U.S. market, though it refrained from providing specific reasons. The firm informed its U.S. clientele that they could “withdraw and transfer” their funds to a different...
Alchemy Pay Announces U.S. Expansion, Iowa Licensing
23.11.2023
Singapore-based Crypto-fiat payment solution, Alchemy Pay, announced further expansion into the U.S. market through their acquisition of a Money Services License in Iowa on Thursday morning. Dedication to compliance “We are thrilled to announce that we have obtained a Money Services License...
Singapore Proposes Rules to Tighten Crypto Speculation in Retail Markets – Here’s the Latest
23.11.2023
Source: Pixabay / Sasin Tipchai The Monetary Authority of Singapore (MAS) has proposed revised guidelines to curb the growing rate of digital asset speculation in retail markets. In a recent publication, the Central Bank released amended regulations for digital payment token providers and related...
Stitch Launches Payment Service Allowing Customers to Settle With Crypto in South Africa
23.11.2023
A new product offering recently launched by Stitch, a South African payment service provider, now enables customers to settle transactions with crypto. According to Stitch, this new functionality makes it possible for customers to pay with bitcoin (BTC) or ether (ETH). Local Businesses to Receive...
City of Lugano adds Polygon PoS to MyLugano payment app
23.11.2023
The City of Lugano aims to become the blockchain capital. It would be right to assume that it is on the path to achieving that mission since it has upgraded its native payment application, MyLugano, to include Polygon PoS. This means that application users can conduct payments across the entire...
Lugano Integrates Polygon Protocol into MyLugano Payment App for Crypto Transactions
23.11.2023
Source: Adobe/LianeM In a significant move towards solidifying its position as Europe’s emerging crypto-capital, Lugano city in the southern Switzerland Ticino region has seamlessly integrated the Polygon proof-of-stake (PoS) protocol into its crypto-friendly payment app, MyLugano. Polygon...
City of Lugano integrates Polygon into its crypto-payment system
23.11.2023
Polygon has been a partner for the Swiss city since at least 2022, providing the infrastructure for its stablecoin
Lightspark’s CEO David Marcus Recognizes Current Non-Custodial Lightning Network Solutions Imply ‘Some Form of Compromise’
22.11.2023
David Marcus, co-founder and CEO of Lightspark, an institutional Lightning Network (LN) payment solutions provider, referred to the state of custodial and non-custodial transactions on the network. While Marcus believes that custodial LN for institutions is ready for prime time, he acknowledged...
Cambodia’s Bakong Digital Currency Teams Up with Alipay for Expanded Reach
21.11.2023
Source: Adobe / anekoho In a move to enhance cross-border payments, Cambodia’s Bakong digital currency system, a component of the National Bank of Cambodia (NBC), has entered into a memorandum of understanding (MoU) with Chinese payment provider Alipay, Cambodia’s Phnom Penh Post recently...
Centralized Provider Problem Causes Nationwide Digital Payment Meltdown in Spain: Users Turn to Crypto and Cash
21.11.2023
A problem with Redsys, a third-party platform used in all of Spain, caused a meltdown for almost all of the digital payment options in the country, leaving citizens without means of payment for hours. The incident left stores without the possibility of using credit and debit cards for receiving...
Apple Faces Class Action Lawsuit Over Blocking P2P Payments for Crypto Apps
21.11.2023
Source: AdobeStock / BGStock72 Apple is facing a class-action lawsuit that alleges the tech giant has engaged in a conspiracy to limit peer-to-peer payment options on its devices and block the integration of crypto technology in iOS payment apps. The complaint, filed on November 17 in a California...
Apple sued for blocking crypto tech for P2P payments
21.11.2023
Apple faces a class action over alleged anti-competitive conduct in the iOS peer-to-peer payments market
People’s Bank of China Tests Digital Yuan Payment Integration in Hong Kong
18.11.2023
The People’s Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA) are in the second phase of the integration tests of the digital yuan for payments and cross-border transactions in Hong Kong. This new phase includes more banks and the ability to use the Fast Payment System to...
IMF Chief Says Central Bank Digital Currencies Can Replace Cash — Urges Public Sector to Prepare for CBDC Deployment
18.11.2023
International Monetary Fund (IMF) Managing Director Kristalina Georgieva says central bank digital currencies (CBDCs) can replace cash. She has urged the public sector to “keep preparing to deploy CBDCs and related payment platforms,” emphasizing that these platforms “should...
Crypto Platform Strike and Checkout.com Partner to Bring Bitcoin Buying to 65+ Countries
17.11.2023
Source: Pixabay / WorldSpectrum Bitcoin (BTC) wallet and payment platform Strike has partnered with Checkout.com to enable debit-card-based Bitcoin purchases in over 65 countries. Strike leverages Bitcoin’s lightning network to let users make instant and free cross-border fiat currency payments...
Neon EVM Launches Feature to Pay Transaction Fees With Different Tokens on Testnet
17.11.2023
Source: Neon EVM Neon EVM, an Ethereum Virtual Machine on Solana, has announced its testnet support for several tokens as an alternative payment for gas fees. JUST IN: Neon EVM is working on letting users pay transaction fees with different tokens — Crypto Chiefs News (@CryptoChiefNews)...