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Miami’s Mayor Considers Putting Some of City’s Treasury Reserves in Bitcoin
4.1.2021
Miami Mayor Francis Suarez is exploring putting a percentage of his city’s treasury reserves in bitcoin. Miami is currently working on accepting the cryptocurrency as a means of payment for city services and taxes. The mayor believes that “Bitcoin has been a stable investment during...
NYT Study: Coinbase Underpaid Female and Black Employees at Much Larger Rates Than Those in the Technology Industry
1.1.2021
An analysis performed by the New York Times of internal pay data at cryptocurrency exchange Coinbase unveiled disparities in salaries, showing their women and Black employees were underpaid. Coinbase Underpaid Women and Black Employees, Claims NYT Study According to the report, women employees were...
BitGo to Pay $93K to US Treasury to Settle 183 ‘Apparent’ Sanctions Violations
30.12.2020
Bitcoin custodian firm BitGo agreed to pay $93,830 in a settlement pact with the U.S. Treasury over 183 “apparent violations” of multiple sanctions programs
Miami Mayor Open to Bitcoin Investment, Crypto Bill Pay Plans
30.12.2020
Francis Suarez. Source: A screenshot, Instagram/mayorofmiami
The Mayor of Miami, Florida, has stated that he is “definitely open to exploring” the idea of investing 1% of the city’s treasury reserves in bitcoin (BTC).
The Mayor, Francis Suarez, was reacting on Twitter to a challenge from Anthony...
NY Times report alleges history of pay discrimination at Coinbase
30.12.2020
“The pay disparities at Coinbase appear to be much larger than those in the tech industry as a whole," wrote the New York Times
The US SEC Fines Shipchain $2 Million for Conducting an Unregistered Token Offering: Company Agrees to Cease Operations
24.12.2020
The US Securities and Exchange Commission (SEC) has issued a cease and desist order against Shipchain and ordered it to pay a penalty of $2.05 million. Additionally, the regulator has directed Shipchain, a shipping and logistics company, to transfer Ship tokens in the possession or control of...
Let Them Eat Cake: Congress Approves a $900 Billion Stimulus Package, Billions in Pork Funds, Federal Employees Get a Raise
23.12.2020
The United States Congress has approved a $900 billion Covid-19 relief package that’s tethered to the government’s $2.3 trillion year-end funding plan. Of course, talks of Americans getting $600 checks have started to circulate online, but reports also include the discussions...
Ethereum, XRP Making Gains on Bitcoin in Crypto Pay Stakes – BitPay Stats
22.12.2020
Data from major crypto payment gateway BitPay suggests that major altcoins are slowly gaining ground on bitcoin (BTC) in the payments sector.
In a release shared with Cryptonews.com, the firm wrote,
“While bitcoin remains the most popular crypto used by consumers for purchases (representing 79%...
The launch of Apple Pay in Lumi Wallet simplifies crypto purchasing and increased newcomers hundreds of times
21.12.2020
Since December, Lumi Wallet’s customers can purchase crypto via Apple Pay
Bitcoin Pay Gets Traction in Venezuela While Crypto Gathers Pace in Argentina
21.12.2020
Crypto adoption has ballooned in Venezuela and Argentina this year, claim industry players.
In Venezuela, the CEO of one of the nation’s most active crypto exchanges, Cryptobuyer, has claimed that the unspecified number of bitcoin (BTC) payments made in the nation is doubling every month.
Speaking...
FBI Warns Ransomware Gangs Are Harassing Victims via Telephone Calls to Pay Crypto Ransoms
19.12.2020
The U.S. Federal Bureau of Investigation (FBI) has released an alert that warns private industry in the country about incidents of harassment of victims made by ransomware gangs, such as the well-known Doppelpaymer group. FBI Is Aware of Cold-Calling Tactics by Ransomware Gangs According to a...
Optimizing Image Depth
18.12.2020
Something I learned (or, I guess, re-learned) this year is how important it is to pay close attention to the bit depth of images. Way back in the day, we used to obsessively choose between 2-, 4-, or 8-bit color depth on our GIFs, because when lots of users were using dialup modems to surf the...
Spain Gets Bullish for Bitcoin as Hotel Booking Site Inks Crypto Pay Deal
18.12.2020
The hotel booking service provider Mirai has sealed a deal with Criptan, a Spanish crypto platform operator – a move that will see over 1,200 hotels in the country getting an option to accept payments in cryptoassets such as bitcoin (BTC).
In a blog post, the accommodations booking site announced...
[aktualita] Kellner, Křetínský, Rockaway a ČSOB posílají další desítky milionů do Mall Pay
18.12.2020
Internetová skupina Mall Group společně s bankou ČSOB vložily dalších 70 milionů korun do fintechového projektu Mall Pay. Ve dvou krátce po sobě jdoucích vlnách se tak zvýšil základní kapitál společnosti na 235 milionů korun.Jak jsme informovali v září, kapitál Mall Pay se posiluje postupně, tehdy...
Russian MPs Seek to Drive E-Pay and Crypto Further Apart with New Bill
18.12.2020
Russia’s parliament, the State Duma, is set to vote on a bill that could inadvertently clarify the difference between e-pay wallets and crypto wallets. The bill seeks to enable anonymous payments in digital transactions – providing they are made in fiat.
The measure was proposed by a group of...
Why this Montana crypto miner refuses to pay a $3.7M power bill
16.12.2020
A Montana-based crypto miner has asked a court to dismiss a lawsuit over $3.7 million in unpaid electricity bills on the basis that it sold its assets in 2018
Man Jailed for Role in $25 Million Ponzi Scheme Involving a Failed Crypto
10.12.2020
A South Florida federal district judge has sentenced Jose Angel Aman to 84 months in prison for his role in perpetrating a $25 million diamond Ponzi scheme. In addition, the judge ordered Aman to pay over $23 million in restitution to victims who invested in his diamond cutting business and...
Venezuela Pays for Imports From Iran and Turkey With Bitcoin to Evade Sanctions
9.12.2020
Venezuela is reportedly paying companies in allied countries, including Iran and Turkey, with bitcoin to mitigate the effects of U.S. sanctions on its economy. The Venezuelan government is also planning to increase bitcoin usage now that it has a dedicated cryptocurrency mining center. Venezuela...
Black Shadow Hackers Demand 200 BTC Ransom from Israeli Insurance Giant Shirbit
6.12.2020
One of the largest insurance companies in Israel has been hit by a ransomware attack, and the threat actors started to release sensitive data, as the firm doesn’t pay the requested ransom in bitcoin (BTC). Israel-Based Shirbit Still Refuses to Pay $3.8 Million Ransom According to...
Crypto-Friendly Travel Site Travala Posts 503% Revenue Increase, 72% of Bookings Paid With Cryptocurrencies
5.12.2020
Travel booking website Travala saw an increase in revenue of over 503% in November compared to the previous year. Out of all bookings, 72% were paid with cryptocurrencies, with bitcoin being the most popular choice. A Record Month for Travala The up and coming crypto-friendly travel booking website...