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FSB Report Says Stablecoins Promote Financial Inclusion: Urges Regulators to Tighten Laundering Controls
18.10.2020
The Financial Stability Board (FSB) says stablecoins have the potential to enhance the efficiency of the provision of financial services. The body adds that the hybrid cryptocurrencies have the potential to bring efficiencies to payments (including cross-border payments) as well as to promote...
BitMEX CTO Released in US After Payment of $5M Bond
9.10.2020
The former chief technology officer of the troubled BitMEX exchange has been released after a bond for $5 million was paid in the U.S
OFAC Warns Americans Against Facilitating Ransomware Payments
5.10.2020
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) recently issued an advisory highlighting the sanctions risk American citizens face if they help facilitate ransomware payments. In the advisory, the OFAC says it will “continue to impose sanctions on those...
Chainalysis and Integra Win $1.25 Million IRS Contract to Break Monero
2.10.2020
Crypto intelligence firm Chainalysis and data forensics company Integra Fec have won a combined $1.25 million contract to provide tools that break the privacy-focused coin, monero, for the U.S. Internal Revenue Service (IRS). Floated early September, the one-year contract specifically covers...
Easily Spend Your Bitcoin via Prepaid Debit Card or a PayPal Account with Bitcoin of America’s Easy to Use Trading Platform
30.9.2020
Bitcoin of America offers a number of convenient ways to transfer your bitcoin or litecoin to commonly used USD payment gateways like prepaid debit cards or a PayPal account. Read the guides below to find the method that’s best for you. Most commonly, bank transfers are used to transfer...
Samsung Blockchain Wallet Adds PlayDapp Token as a Payment Token
24.9.2020
Samsung blockchain wallet adds PlayDapp token as a payment token and you can purchase the same from Upbit. As you must be aware, the Samsung blockchain wallet is a digital wallet from Samsung Electronics, one of the largest mobile phone makers. The inclusion of the PlayDapp token was announced...
US Company Accepts Bitcoin Payments for Luxury Planes, as $40M Gulfstream Jet Goes on Sale
16.9.2020
Aviatrade Inc., a New Jersey-based aircraft sales company, is now accepting bitcoin as a means of payment for its range of multi-million dollar luxury jets. Philip Rushton, president of Aviatrade, told news.Bitcoin.com that the first plane available for purchase via cryptocurrency is a six-year-old...
US Consumers Flock To the First Mastercard Branded BitPay Card
15.9.2020
New data from BitPay shows that American consumers are flocking to load the first Mastercard branded BitPay card with top digital assets. The popular cryptocurrency payment services provider debuted the new card in June 2020 and the company’s transactions reached a new high in July. The data...
The Moss Piglet Dilemma: Paypal Bans Payments to Merchants Using the Word ‘Tardigrade’
14.9.2020
The popular payment provider Paypal has been known for cutting off a number of merchants and organizations over the years. This week, the public found out that Paypal has been censoring merchants that sell items related to the name “tardigrade” just because a Balkan arms dealer uses...
Cashless Payment Is Booming. So Is Financial Surveillance
13.9.2020
A banknote has been sitting in my wallet for six months now. As time ticks on, it burns an ever greater hole in my pocket.
At first I felt uneasy spending it, following COVID-19 warnings to pay more attention to hand hygiene and the surfaces we all touch on a daily basis.
Now I have less and less...
Industry leaders say blockchain makes payment services more efficient
5.9.2020
Is blockchain the solution in making payments more transparent and secure?
Bank of England governor dismissed Bitcoin as a means of payment
3.9.2020
Cryptocurrencies like Bitcoin don't quite convince Bailey, but he sees a lot of potential for stablecoins
Payment giants drive crypto adoption by engaging with startups
3.9.2020
Companies like Visa and Mastercard are taking an interest in crypto startups to drive growth, but does this challenge the fundamentals of crypto?
Pornhub Accepts Bitcoin: Top Adult Site Expands Cryptocurrency Payment Options
2.9.2020
Pornhub now accepts bitcoin as the platform expands its cryptocurrency payment options. The leading adult video streaming website has over 12 million videos, more than 130 million daily visitors, and was visited 42 billion times last year, according to the platform. Pornhub Accepts Bitcoin Pornhub...
Self-Help Firm That Mostly Took Bitcoin as Payment Mostly Just Helped Itself, SEC Charges
2.9.2020
Ninety-two percent of Mindset 24 investors allegedly lost some of their funds. They'd paid in over a million dollars - mostly in bitcoin
US Regulator to Shake Up Banking With Federal Charters for Payment Firms
1.9.2020
Acting Comptroller of Currency (and former Coinbase exec) Brian Brooks is spearheading the move to let payment firms operate as banks across state lines
Chinese Bank Disables Digital Yuan Wallet After Soft Launch Draws Wide Attention
29.8.2020
China Construction Bank had quietly opened up the wallet service of China's digital yuan to public users – but has now disabled it shortly after the feature gained wide attention
BTC and Altcoin Pay is Growing Fast, Says Crypto Payment Firm BitPay
27.8.2020
Source: Adobe/Wit (edited by Cryptonews)
Atlanta-based crypto pay service provider BitPay says that bitcoin (BTC) and altcoin payments are on the rise – with the number of transactions on its platform growing by 4.6% in June.
Per data released by the firm, 107,000 crypto pay transactions were...
Bybit expands to Japan and Korea with new fiat payment gateways
26.8.2020
ByBit has also added support for the Vietnamese language on its platform
P2P Cryptocurrency Exchanges in Africa Pivot: Nigeria and Kenya the Target Markets
25.8.2020
Leading cryptocurrency exchanges are bullish about Africa’s growth prospects as evidenced by their ongoing forays into the continent. During the month of August, Kucoin crypto exchange announced the addition of Nigeria’s naira currency as a payment option on its peer-to-peer platform....