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Bitpay Launches New Payroll Service for Companies That Opt to Pay Employees in Crypto
13.11.2020
The Atlanta-based cryptocurrency payment processing company Bitpay is now getting involved with payroll services. The firm announced the launch of Bitpay Send, a mass payout service that enables organizations of all sizes to pay employees, affiliates, and freelance contractors. Bitcoin...
BitPay launches mass crypto payments for businesses
13.11.2020
BitPay Send allows businesses to issue mass crypto payments around the world without having to hold any crypto themselves
Paypal Opens Crypto Services to Millions of Eligible Account Holders in the US
12.11.2020
Payment processing giant Paypal announced on Thursday that “all eligible Paypal account holders in the U.S. can now buy, hold, and sell cryptocurrency directly with Paypal.” The news follows the company’s announcement to support crypto assets at the end of October. Paypal’s...
Shopping.io Enables Crypto-Payments on Popular E-Commerce Websites
12.11.2020
PRESS RELEASE. The adoption of crypto is not possible without accelerating its usage as a currency, and not only as an asset. While e-commerce giants such as Amazon, eBay, and Walmart aren’t able to offer crypto-payment, Shopping.io launches a gateway to make purchases from the aforementioned...
Grin Network Victim of 51% Attack, Unknown Miner Commands 58% of the Hashrate
10.11.2020
The privacy-centric cryptocurrency network Grin (GRIN) has been the victim of a 51% attack according to a number of reports. Allegedly an unknown entity gained control of over 57% of the network hashrate on Saturday. According to the Grin website, the team is recommending people wait...
Will PayPal’s crypto integration bring crypto to the masses? Experts answer
8.11.2020
Experts in blockchain technology and crypto take on the question: Could PayPal’s crypto integration help mass adoption?
Cash App’s Bitcoin Revenue Soars 1,000% to $1.63 Billion in Q3, Square Announces
7.11.2020
Cash App, a mobile payment service of Square Inc., generated more than $1.63 billion in bitcoin revenue in Q3 2020, which is an increase of more than 1,000% over the same period last year. The company recently invested 1% of its total assets, or $50 million, into bitcoin. Cash App’s Bitcoin...
Mitsubishi UFJ to Launch Blockchain-powered Payment Platform in 2021
5.11.2020
Japanese financial giant the Mitsubishi UFJ Financial Group (MUFG) aims to launch a blockchain technology-based payment service in spring 2021, along with American cloud and network firm Akamai Technologies.
Akamai is based in Cambridge, Massachusetts, and, per Nikkei, the new platform will provide...
Bitcoin’s Lightning Network Is Getting a Marketplace for Payment Channel Liquidity
2.11.2020
Lightning Labs new service, Pool, provides a marketplace for Lightning Network businesses and users to lease payment channel liquidity
Second Stimulus Checks: When Lawmakers Will Pass Relief Package With Direct Payments to Americans
2.11.2020
Negotiations on a new coronavirus aid stimulus package are still underway as Americans wait to receive their second round of stimulus checks. House Speaker Nancy Pelosi, President Donald Trump, and Senate Majority Leader Mitch McConnell have their own ideas of when the next stimulus package with...
TokenPay Payment Gateway – A Decentralised Payment Platform
30.10.2020
The vision of TokenPay is to constitute a blockchain-based bank, covering all aspects of cryptography and security that will bring by the technology. Its cryptocurrency will use dual-key stealth addresses. These types of addresses enable the user to display or share their address publicly; however...
US Government Agencies Propose Changes to Funds Transfer Rules-Seek to Broaden Definition of Money to Include Cryptocurrencies
25.10.2020
The U.S. Federal Reserve Board and Fincen are seeking feedback on their proposal to lower the threshold at which financial institutions must collect and retain information on funds transfers. In their joint notice on the rule change proposal, the two U.S. agencies want a new threshold...
Paypal’s Crypto Embrace: Morgan Stanley Says Move Boon for Mass Adoption, Critics Say Payment Giant Violates Crypto Principles
24.10.2020
The entry of Paypal into the cryptocurrency industry continues to expose the divide between traditional crypto space players who are less enthusiastic and non-crypto players who endorse the move. Non-crypto players like the analysts at Morgan Stanely are agreement with the notion that the payments...
Price Increase Drives 98% of Bitcoin Holders Into a State of Profit
22.10.2020
The price of bitcoin jumped significantly on Wednesday after the payment processor Paypal announced cryptocurrency support. The jump in value has pushed a large number of bitcoin holders into a state of profit, according to Glassnode “percent of UTXOs in profit” statistics. Based on...
Market Update: Bitcoin Nears $13,000, Holds Record-Breaking 87-Day Streak Above $10K
21.10.2020
Cryptocurrency markets have seen intense gains on Wednesday after the payment processor Paypal announced it would be supporting digital currencies. At the time of publication, the market cap of all 7,000+ digital assets has gained 5.6% hovering above $379 billion during the afternoon trading...
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...