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Trump Bans Chinese Payment App Giants Alipay and Wechat- Order Could Steer Billions of Dollars Toward Bitcoin
7.1.2021
Cryptocurrencies may see a boost between China and the U.S., as the American president Donald Trump has signed an executive order banning financial transactions with eight China-based payment applications. Following the signing of Trump’s new executive order, popular payment apps including...
Trump bans Chinese payment apps, including AliPay and WeChat Pay
6.1.2021
The trade war with China homes in on the country's thriving digital payments industry
Slot machine manufacturer gets patent for crypto payment options
5.1.2021
Many gamblers may no longer need to use Bitcoin ATMs in casinos, as they could transfer their crypto directly to casino gaming accounts
Top US Banking Regulator: Banks Are Authorized to Use Public Blockchains and Stablecoins for Payment Activities
5.1.2021
The top banking regulator in the U.S. has announced that national banks and savings associations in the country can use public blockchains and stablecoins for payment activities. Experts say this is good for bitcoin and its importance should not be understated. Banks Can Use Public Blockchains...
Economics Professor Tyler Cowen Says Cryptos Useful as Hedges or Forms of Payments – ‘Not Both’
4.1.2021
Tyler Cowen, an economist and professor at George Mason University, has suggested that the key use cases of cryptocurrencies are mutually exclusive. He argues that cryptos can either be important inflation hedging tools or useful forms of payment but not both. The Regulation Threat The professor...
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...
Pro Football Star Receives Half of His $13 Million Salary in Bitcoin
2.1.2021
Carolina Panthers offensive lineman Russell Okung said he has been paid in bitcoin after asking to be paid in the cryptocurrency for almost two years. The Panthers is reportedly diverting half of his $13 million salary to the Strike wallet, which converts the payment into bitcoin for Okung. Russell...
9 Trillion vs. 100 Trillion: Billionaire Mike Novogratz Asks Which Cryptocurrency Will Win the Payments Race
2.1.2021
On December 31, billionaire investor Mike Novogratz asked his Twitter followers which blockchain coin has the best chance of winning the payments race and offered four choices. Novogratz said there are lots of “contenders” and listed off Facebook’s diem, tether, bitcoin cash,...
Dash announces new update, social payment wallet enters testnet
1.1.2021
Dash Core Group has announced the release of new updates for the Dash platform as well as the DashPay smartphone wallet app
Darknet Giant White House Market Drops Bitcoin, Supports Monero Payments Only
1.1.2021
The prominent darknet marketplace, White House Market, has dropped bitcoin payments and now accepts monero only. The darknet marketplace administrators detailed that there was an issue with a payment processor blocking Tor exit nodes, but the full transition to monero was always planned. A number...
US Treasury Warns of Increasing Ransomware Campaigns Against Coronavirus Vaccine Research Institutions
31.12.2020
The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a warning that alerts financial institutions in the United States about increasing ransomware attacks against coronavirus vaccine research organizations. US Treasury Warns of Ransomware Attacks, Phishing...
Central Bank of Iran Official Says Cryptocurrencies Have ‘Made No Contribution to Bypassing Sanctions’
28.12.2020
An official with the Central Bank of Iran (CBI) has claimed that cryptocurrencies have played no significant role in Iran’s sanction hit economy. According to Mohammadreza Mani Yekta, the deputy head of CBI’s office for payment systems, “studies” have shown that digital...
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...
Visa Develops Offline Payment System that Could Aid CBDC Rollouts
18.12.2020
The introduction of central bank digital currencies (CBDCs) could bring a wide range of benefits to consumers and economies worldwide, including increased financial inclusion for people currently underserved by conventional financial institutions – particularly in the aftermath of the ongoing...
IMF Cautions Central Banks May Have to Rethink What Constitutes Reserves
18.12.2020
The IMF warns that central banks may have to rethink what constitutes their reserve currency holdings. In a recent study, the global lender points to the changing geopolitical landscape, technological advances and the impact of the Covid-19 pandemic as events likely to influence the composition...
Clever DeFi (CLVA) Offers Guaranteed Interest Payment In Every Fortnight
17.12.2020
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Clever DeFi is a decentralized platform that is offering users guaranteed interest for holding its native token CLVA. Clever intends to build a crypto ecosystem that ensures that all users are compensated...
Pornhub’s Premium Services Now Default to Crypto Payments, 13 Digital Assets Supported
14.12.2020
During the first week of September, the world’s largest adult web portal Pornhub expanded its payment options by adding bitcoin and support for three other cryptocurrencies. However, after Mastercard and Visa severed ties with Pornhub last week, the company’s premium services payment...
Coinsbee Lets You Buy Gift Cards for More Than 500 Brands With Crypto
13.12.2020
Coinsbee is a platform for buying gift cards with more than 50 cryptos from all your favorite brands and shops, as well as get payment cards and phone top-ups. You can use it to purchase vouchers for video game stores such as Steam and PlayStation, and even the video streaming giant Netflix. With...
Thailand’s Largest Bank Snubs Ripple – Selects Stellar-based Blockchain for Cross Border Remittances
12.12.2020
In an apparent snub to Ripple, Thailand’s oldest bank, Siam Commercial Bank (SCB) is set to open a new cross border remittances corridor in partnership with Lightnet, a fintech company that uses the Stellar blockchain. SCB says the partnership opens the door for more efficient cross border...
Mastercard Severs Ties With Pornhub — Is Mainstream Crypto Adoption Coming for the Porn Industry?
11.12.2020
Global payment companies Mastercard announced on December 10, 2020, its official decision to ban their customers from using credit and debit cards to arrange purchases on one of the biggest adult websites. Visa has taken the same measure on a temporary basis. Mastercard Cuts Ties With Pornhub...