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Huobi Tech Subsidiary Is Granted US Money Transfer License
6.7.2022
Huobi subsidiary HBIT has obtained a U.S. license, which means the company can conduct foreign exchange and money transfer operations across the nation
Alexander Vinnik Serves Prison Term in France but No Freedom in Sight
5.7.2022
Having served his five-year prison sentence in France, Russian IT and crypto specialist Alexander Vinnik is now facing a return to Greece and possible extradition to the United States. A French cassation court has recently dismissed an appeal filed by his defense against the transfer....
Ethereum Transfer Costs Continue to Slide — Network Fees Tap a 19-Month Low
3.7.2022
On Saturday, Ethereum transaction fees tapped a low not seen since November 2020 as the average network fee dropped to 0.0016 ether or $1.67 per transfer. Average fees on Saturday have been as low as 32 gwei or $0.69 per transfer as Ethereum gas fees have been steadily dropping since May 11, 2022....
Netherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the Platform
26.6.2022
Coinbase has announced that the company plans to introduce a number of changes for customers in the Netherlands in order to comply with the 1977 Sanctions Act, a law that recently applied know-your-customer (KYC) guidelines to non-custodial wallets. If the person living in the Netherlands wants...
A String of 200 ‘Sleeping Bitcoins’ From 2010 Worth $4.27 Million Moved on Friday
25.6.2022
While the price of bitcoin is holding above the $21K per unit range, four bitcoin block rewards mined in 2010 were spent for the first time in over 11 years. The four block rewards were mined between September and October 2010 and the 200 bitcoin worth $4.27 million were transferred to an unknown...
BIS compares projects to transfer central bank digital currencies across borders
22.6.2022
The international bank found high technical feasibility among the projects, but significant work on legal and governance frameworks still remains to be done
Sberbank to Conduct First Digital Asset Transaction on Own Platform
19.6.2022
Russia’s largest bank, Sberbank, is going to carry out the first transfer of digital assets on its own dedicated platform within a month, a top executive revealed this week. The announcement comes after earlier this year, the bank was authorized to issue digital financial assets. Sberbank...
MoneyGram’s USDC transfer service launches in several countries
10.6.2022
The payment service, which is powered by the Stellar blockchain, will enable USDC settlement with MoneyGram in “near-real-time.”
Paypal Upgrades Crypto Service — Now Lets Users Transfer Cryptocurrencies to Other Wallets, Exchanges
8.6.2022
Paypal has begun letting users transfer cryptocurrencies between its platform and other wallets and exchanges. “This feature has been consistently ranked by users as one of the most requested enhancements since we began offering the purchase of crypto on our platform,” Paypal...
PayPal Allows Users to Transfer Crypto to External Wallets and Exchanges
8.6.2022
Online payment giant PayPal now allows select customers in the US to transfer cryptoassets from their accounts to external wallets and exchanges.
"Starting today [June 7], PayPal supports the native transfer of cryptocurrencies between PayPal and other wallets and exchanges," Jose Fernandez...
PayPal enables transfer of digital currencies to external wallets
7.6.2022
The move comes after nearly two years since PayPal enabled users to buy and sell crypto on its platform
Game Devs Tell Elon Musk He's Wrong About What It Takes To Make Something Good
2.6.2022
The Ls are stacking up for Elon Musk. Tesla’s shitposter-in-chief got ratio’d over the weekend for trying to dunk on a satirical gaming site and is now taking heat for an incredibly aggro company email about how remote work is for lazy frauds. A lot of people in the tech world aren’t having...
MoneyGram to open transfer platform with Stellar, eyes wallet deal in El Salvador
30.5.2022
MoneyGram CEO Alex Holmes said the international remittances stalwart wants to be a bridge between the crypto and fiat worlds
Ethereum Transaction Fees Hit a 10-Month Low as Gas Costs per Transfer Sink Below $3
30.5.2022
The average Ethereum network fee has dropped to the lowest value recorded in over ten months, after fees hit a low of $2.96 per transaction on Sunday afternoon (ET). The last time ethereum transfer fees dropped below the $3 mark was last year on July 11, 2021. Moreover, median fees are even...
After the Terra LUNA Fallout, Bitcoin Dominance Climbs Higher While Ethereum’s Valuation Shrinks
27.5.2022
Following the Terra LUNA and UST fallout, digital currency markets have dropped in value as the crypto economy dropped 6.93% from $1.356 trillion on May 22, to today’s $1.262 trillion. Amid the market carnage, bitcoin’s market dominance has increased to 43.8%, reaching the highest...
Will Terra (LUNA) Revive After Enabling IBC Transfer?
23.5.2022
Finally, the proposal has passed. Terra (LUNA) will enable IBC transfer. After activation, users can transfer their assets across all the network streams from Terra. Terra launched its main net blockchain project in March 2019. It is based on the Cosmos-SDK blockchain. Do Kwon, the founder of this...
Singapore High Court Injunction Blocks Sale or Transfer of BAYC #2162 NFT
22.5.2022
The Singapore High Court has granted a court injunction which stops or blocks the sale of a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) that one man claims was wrongfully taken away from him. NFT Used as Collateral A Singapore man has won a court injunction that blocks the sale...
L1 Ethereum Network Fees Drop to Levels Not Seen in Over 2 Months, L2 Fees Follow
17.5.2022
Ethereum network fees have dropped a great deal this week, sliding under $10 per transaction to levels not seen since March 10, 2022. On May 17, the average ethereum transfer fee is 0.0027 ether or $5.68 per transaction. The cheaper fees on layer one (L1) have made it so layer two (L2) fees have...
Warren Buffett-Backed Nubank Launches Crypto Trading — Holds Bitcoin on Balance Sheet
13.5.2022
Warren Buffett-backed Nubank, one of the world’s largest digital banking platforms, has launched cryptocurrency trading. Starting with bitcoin and ether, the bank explained that its 54 million customers can “buy, hold and sell cryptocurrency all from the same app, with no need to open...
Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days
17.4.2022
Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized fees have slid below $4 per transaction. Moreover, layer...