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Bitcoin and Ethereum Price Prediction as BTC Bulls Hold $41,000 and ETH Consolidates at $2,400 – Rally Soon?
21.1.2024
In the dynamic realm of cryptocurrencies, Bitcoin (BTC) maintains its foothold above the $41,000 mark, currently trading at $41,700 with a modest 0.25% increase as the week concludes. The market buzzes with speculation as X, a notable player, unveils plans for a dedicated Payments account...
Ripple and Hedera Consider Collaboration to Further Crypto Innovation: Report
19.1.2024
Source: Flickr In an interesting conversation, Ripple’s head Brad Garlinghouse and Leemon Baird, co-founder of open-source decentralized ledger Hedera, discussed potential collaboration to foster the digital assets industry. The crypto leaders recently shared their insightful thoughts...
Attack on Bitfinex Exchange Involving $15 Billion XRP Transaction Failed: Paolo Ardoino
15.1.2024
A transaction involving nearly $15 billion worth of XRP from an unknown wallet to the Bitfinex exchange as part of a “partial payments exploit” has failed. The transaction was first brought to the public’s attention by the blockchain tracking account known as Whale Alert, which...
Russia ‘Edging Toward Mandatory CBDC Pensions’ – Economist
15.1.2024
Source: Kira/Adobe A Russian economist has claimed Moscow will eventually force the elderly to accept CBDC pension payments as part of the digital ruble rollout. Per Pro Blast, the claims were made by the writer and economist Alexander Razuvaev, who said: “Gradually, [conventional] pensions...
Ripple Faces SEC Pressure for Financial Transparency in Ongoing Legal Saga
12.1.2024
Source: Adobe / Dennis The legal battle between US-based blockchain payments firm Ripple and the US Securities and Exchange Commission (SEC) has taken a new turn as the SEC seeks to compel Ripple to disclose its financial statements for the years 2022-2023. The regulator filed the motion...
Bitcoin is “Not Taking Off” as Mainstream Payment: BoE Governor
11.1.2024
Source: AdobeStock / Iakov Kalinin Andrew Bailey, Bank of England governor, says cryptos lost its momentum to keep up a in the mainstream payments system. He stressed that cryptos such as Bitcoin are “pretty inefficient” as a payment method as it has not “keep up the momentum.” “My own sense...
Nigerian Payments Fintech Startup Cleva Secures $1.5 Million in Pre-Seed Funding
10.1.2024
The Y Combinator-backed Nigerian fintech startup has reportedly raised $1.5 million in pre-seed funding. Tolu Alabi, the CEO of Cleva, expressed confidence in her and fellow co-founder Philip Abel’s ability to navigate the competitive fintech market, citing their background as a factor that counts...
Crypto Custodian BitGo Wins In-Principle Approval as Major Payments Institution in Singapore
10.1.2024
Crypto custodian BitGo has been granted in-principle approval to operate as a Major Payment Institution (MPI) in Singapore
BitPay Enables Gucci, Movie Ticket, and Mortgage Purchases with BNB, Chainlink
9.1.2024
Source: Kanchanara on Unsplash BitPay, the world’s leading Bitcoin and cryptocurrency payment service, has unveiled an enhanced payment experience for its crypto customers, which is set to roll out this week. According to a blog post released on January 9, Bitpay will support dozens of...
Cameroonian Fintech Startup Koree Secures $200,000 in Pre-Seed Funding
9.1.2024
The Cameroonian fintech startup Koree recently secured $200,000 in pre-seed funding which was led by the co-founder of the Nigerian payments company Duplo. The fintech said it will use the funds raised to launch a marketplace that rewards users for the purchases they make. Users Rewards...
Report: Japan’s E-Commerce Giant Mercari to Accept BTC Payments
9.1.2024
Starting in June, users of Mercari, one of Japan’s biggest e-commerce platforms, will be able to pay for products using bitcoin. Users of the platform will also be able to use proceeds from sales to buy and sell bitcoin. Mercari Set to Continue Displaying Yen Prices One of Japan’s...
Russian Experts: 2024 Will Be a Big Year for Cross-border Crypto, CBDC Payments
9.1.2024
Source: hamara/Adobe Russian legal and tech experts think that 2024 will mark a turning point for the use of crypto and CBDCs like the digital ruble in cross-border payments. Per RBC, Andrey Tugarin, the head of the law firm GMT Legal , said: “The main trend to look out for in 2024 will be...
Litecoin takes the lead in cryptocurrency payments
8.1.2024
Litecoin has become the most used crypto for payments, according to new BitPay data. According to the largest payment processor in the world, LTC holds a global share of 38.25% in payments. The percentage rose from 34.52% in November to 38.25% in December 2023. The number set a new all-time high...
Japanese E-commerce Heavyweight Mercari to Accept Bitcoin Payments
8.1.2024
Source: vladim_ka/Adobe Mercari, one of Japan’s biggest e-commerce platforms, says it will start accepting Bitcoin (BTC) from June this year. Per a report from Nikkei, the firm will process Bitcoin payments via its Tokyo-based crypto subsidiary Melcoin. Melcoin will convert all BTC payments into...
The Big List: Retail Revolution with Cryptocurrency – Retailers Embracing Digital Payments
4.1.2024
Microsoft Office / Source: Adobe There are many retailers accepting cryptocurrency as a form of payment and realizing how important it is to attract and tap into a more tech-savvy client base. Some would argue that the end of fiat currencies is nigh, and eventually, fiat will be replaced by digital...
SEC Whistleblower Reveals Chai Payments App in Terra Ecosystem Didn’t Use Crypto
31.12.2023
Source: Adobe/Casimiro Four crypto tokens sold by Do Kwon and his co-founded company, Terraform Labs, has been qualified as unregistered securities. The tokens in question are TerraUSD (UST), LUNA, wLUNA, and Mirror Protocol (MIR), according to a recent summary judgment ruling by Judge Jed Rakoff...
Unlocking the Future: A Guide to Buying a House with Cryptocurrency – Mortgages, Payments, and Insurance
29.12.2023
Finance and money technology background concept of business prosperity and asset management . Creative graphic show economy and financial growth by investment in valuable asset to gain wealth profit . Believe it or not, 2024 may be a popular year for homebuyers. The National Association of Realtors...
Mt. Gox Creditors Report Double Payments in Settlement Funds; Exchange Seeks Remediation
27.12.2023
Source: AdobeStock / 24K-Production Mt. Gox, the once-dominant cryptocurrency exchange that famously collapsed in 2014, has recently encountered a new hurdle in its efforts to repay creditors. Reddit users are now reporting a payment error stemming from what the exchange describes as...
Mt. Gox Creditors Report Receiving Compensation Payments via PayPal in Japanese Yen
26.12.2023
Source: AdobeStock / 24K-Production Creditors of now-defunct crypto exchange Mt. Gox have reported receiving fiat repayments for their trapped Bitcoin on the social media platform Reddit. According to recent posts on the Reddit page r/mtgoxinsolvency, Mt. Gox has begun sending Japanese...
Ripple Obtains Virtual Asset Service Provider (VASP) License from Central Bank of Ireland
20.12.2023
Source: AdobeStock / Michal Šteflovič Blockchain payments firm Ripple has successfully obtained a Virtual Asset Service Provider (VASP) license from the Central Bank of Ireland (CBI). The news comes over a year after Ripple established an office in Dublin and applied for the license, aiming...