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Colombia’s Financial Sector May Be Allowed to Pilot Crypto Transactions


Colombian banks may be permitted to test crypto transactions in a new regulatory sandbox, after a presidential advisor stated that a top financial regulator may actively seek the aid of the nation’s financial sector to pilot crypto-powered business. In a tweet, presidential economic and tech...

US Consumers Flock To the First Mastercard Branded BitPay Card


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...

Apollo Fintech Launches Crypto Transactions using SMS for Customers


Working as a globally-acclaimed blockchain firm known for creating viable fintech products and services, Apollo Fintech has announced the launch of the Knox World Pay (WP) solution to promote crypto mass adoption. The WP will work as a global payment system to facilitate crypto transactions...

IRS to Pay $625K to Crack Monero, Crypto Proponents Scoff at Contract


The U.S. Internal Revenue Service (IRS) wants to pay a contractor $625,000 if they can crack layer-two privacy schemes and the privacy-centric crypto asset monero (XMR). The tax agency says that the entity has “limited investigative resources” for tracing these types of cryptocurrency...

Defi Boom Fueling ETH Gas Fees, Threatens Viability of Smart Contracts


Growing Ethereum network transaction fees, which touched new highs recently, are a direct consequence of the increasing number of defi projects and yield farming. Yield farmers need to pay ETH for transactions like moving funds in and out of pools. The increased number of yield farmers leads...

Privacy Options Underutilized in Cryptocurrency Usage: Report


Advances in cryptography have not met with user enthusiasm, suggesting a disconnect between the cryptocurrency community and its cypherpunk ancestors. According to Coin Metrics, transactions of privacy-focused cryptocurrencies zcash (ZEC), monero (XMR), and grin only add up to 6% of bitcoin’s...

Money Market Protocol Aave Settles $300 Million in Defi Flash Loans


This weekend the decentralized money market protocol Aave broke records as the community witnessed a massive flash loan of $14 million worth of the stablecoin DAI. So far, the Aave protocol has seen over $300 million in flash loans to-date and this trend doesn’t seem to be abating any time...

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