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Troubled Debit Card Issuer Wirecard Files for Insolvency
25.6.2020
Wirecard is now filing for insolvency as a sudden $2.1 billion hole in its balance sheet wipes out 32% of the supposed assets owned by the company
Buy Stablecoins With Your Credit Card in Lumi Wallet
24.6.2020
Lumi Wallet announced that from June 2020, Tether USDT, Binance USD, Paxos Standard Token, Celsius and Dai are available to purchase in Lumi Wallet with a credit card. The highest grossing stablecoins on the crypto market are fully integrated for exchange and purchase in-wallet. Transactions under...
Debit Card Data Auctioned on Dark Web After Ransom Goes Unpaid
23.6.2020
REvil ransomware gang immediately auctioned sensitive data after a card services provider failed to cover their ransom
Wirecard CEO Quits as Crypto Card Firm Reveals Missing $2.1 Billion Does Not Exist
22.6.2020
Wirecard chief executive officer quit as the crypto card payments firm revealed that the €1.9 billion ($2.1 billion) missing from its accounts may not exist. CEO Markus Braun resigned on June 19, after nearly 20 years at the helm. James Freis has been appointed interim chief executive,...
Russians Offered Gift Card Incentive to Use Blockchain Voting Platform
22.6.2020
Blockchain voting could be set for a faster rollout than expected – both in terms of business management and large-scale democracy, with companies and nations alike looking to resume business as usual. So keen are governments to get voters out of polling booths and onto their blockchain-powered...
Crypto Card Issuer Wirecard Missing $2.1 Billion Cash, Company Shares Plunge 62%
19.6.2020
About 1.9 billion euros ($2.13 billion) worth of cash is missing from one of Wirecard’s trust accounts and the crypto debit card provider cannot as yet account for the money, the company reported on Thursday. In a statement, the major German payment processor blamed “spurious”...
Crypto Card Issuer Wirecard Says It’s Missing $2.1B in ‘German Enron’ Scandal
18.6.2020
Wirecard admitted the accounting hole was roughly a quarter of the company’s total balance sheet
Major Crypto Debit Card Issuer Reportedly Missing $2.1B in Cash
18.6.2020
A German fintech company responsible for several crypto debit cards, including Crypto.com’s, allegedly misrepresented over $2 billion in cash reserves
BitPay Launches Prepaid Crypto Mastercard for US Customers
16.6.2020
The new debit card enables U.S. customers to spend their crypto holdings as fiat currency
UK Fintech Bank Revolut Will Give Customers ‘Legal’ Ownership Over Cryptos – But With a Caveat
15.6.2020
UK fintech bank Revolut will give its customers legal ownership over their cryptocurrencies next month, but will limit how they can spend those coins
The Best Crypto Debit Card – BlockCard
15.6.2020
Crypto debit cards are a great way to get instant purchasing power from your Bitcoin, Bitcoin Cash, or other cryptocurrency. They act as the efficient bridge between the crypto world and existing financial systems because they are accepted almost everywhere traditional credit cards are accepted....
Xapo Suspends Credit Card Crypto Purchases, Shifts Operations to Gibraltar
12.6.2020
Xapo is making changes as it transforms into a digital bank launching later this year
Bitpay Reveals Crypto-to-Fiat Prepaid Mastercard, Firm’s Flagship Visa Card Ends in December
12.6.2020
On June 11, 2020, the cryptocurrency payment services provider, Bitpay announced the firm is launching a prepaid Mastercard that can be loaded with a variety of digital assets. The Atlanta-based company says the card can be spent anywhere Mastercard is accepted and users can “instantly...
Estonian Crypto Purge; BitPay Card; Three Arrows Hit Grayscale + More News
11.6.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
Estonian regulators worried that crypto-related firms are using their local credentials to help commit fraud...
Californian Charged Over Crypto Extortion and 28 SIM-Swap Attacks
11.6.2020
A 20-year-old has been charged for his role in dozens of SIM-swap attacks, including an attempt to extort a physician out of 100 Bitcoin
Dark Web Merchants Sell Thousands of Stolen Credit Card Numbers
30.5.2020
Cyble Research Team unveiled a new massive data dump of credit cards for sale on the dark web
JPMorgan Chase Settles Crypto Credit Card Lawsuit for $2.5M
29.5.2020
JPMorgan Chase recently came to terms on a lawsuit from 2018 involving added fees for crypto purchases using credit cards
New York Man Charged With Trafficking Credit Card Info, Using Bitcoin to Launder Proceeds
28.5.2020
Vitalii Antonenko, 28, has been indicted for allegedly stealing and selling reams of payment card data, the proceeds of which he laundered in bitcoin
Block Links: The Search for a Perfect Solution
25.5.2020
I was reading this article by Chris where he talks about block links — you know, like wrapping an entire card element inside an anchor — being a bad idea. It’s bad accessibility because of how it affects screen readers. And it’s bad UX because it prevents simple user tasks, like selecting text.
But...
Visa Approves New DeFi-Enabled Crypto Card in EU and UK
25.5.2020
New DeFi-enabled crypto debit card to enable Visa merchants to accept Bitcoin and Ether via conversions into regulated EUR and GBP stablecoins