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Argentinian Chamber of Fintech Makes Cryptocurrency Regulation Proposal
18.12.2021
The Argentinian Chamber of Fintech, a membership-based organization whose goal is to lead the digitization and modernization of the financial services industry, issued a series of recommendations for the upcoming regulation of virtual assets in the country. The proposed framework asks...
Despite Breaking Records, Ludwig And Other Streamers Who Jumped Ship Aren't In Twitch's 2021 Recap
16.12.2021
Apparently, the rivalry between Twitch and YouTube is so cutthroat that Twitch has dipped into revisionist history with some of its former streamers. Ludwig, DrLupo, and TimTheTatman were removed from Twitch’s end of the year celebratory recap event. Read more
Ukrainians Offered New Crypto Services, Bitcoin Cards
16.12.2021
Along with the growing popularity of cryptocurrencies, Ukrainians are enjoying an expanding range of related services and products. Besides new options to buy and trade coins, crypto users in the country will be offered two cards that will allow them to spend their digital currencies in stores...
Bitcoin-Backed Mortgages Coming to the US and Canada in 2022 as Ledn Raises USD 70M
15.12.2021
A new bitcoin (BTC)-backed mortgage product that allows clients to borrow up to 100% of the value of their BTC stack might be launched in the US and Canada within months by digital asset savings and credit start-up Ledn.
The new mortgage product remains in pilot mode for selected clients...
German Savings Banks Consider Offering Crypto Services to Customers
15.12.2021
An association of savings banks in Germany is looking to offer crypto services to customers in a pilot test that would include the development of a crypto wallet. The association, which has more than 50 million customers, would be acting amidst a wave of cryptocurrency interest ostensibly sparked...
Twitch's 'Pay-To-Win' Boost Feature Doesn't Actually Help People, Surprising No One
15.12.2021
It seems Twitch’s controversial “pay-to-win” Boost feature is a bust. There was no positive impact for streamers who took part in a test of the Boost feature, according to a data analyst who crunched the numbers. Read more
Socialist Twitch Streamer Banned For Calling White People ‘Cracker’
14.12.2021
Amazon-owned streaming platform Twitch considers “cracker” a serious racial slur, a fact many only learned this week after socialist streamer Hasan Piker and others were banned for saying it. This latest bizarre moderation decision comes months after protests for Twitch’s failure to protect...
Binance Shutting Down Crypto Exchange Services in Singapore
14.12.2021
Crypto exchange Binance is winding down its exchange operation in Singapore after the company decided to withdraw its application with the Monetary Authority of Singapore (MAS) to operate a digital asset exchange in the country. “Buying and selling of crypto from existing assets of users...
IOST Partners With Unic’s Institute for the Future to Empower Women in Blockchain
14.12.2021
PRESS RELEASE. The partnership aims to support, promote, and inspire female leads in the blockchain space, offering annual endowed studentships to the University of Nicosia’s leading MSc in Blockchain and Digital Currency. NICOSIA, CYPRUS— December 2021. The Institute For the Future...
Threat of Nested Exchanges and What Binance Is Doing to Combat Them
13.12.2021
Nested exchanges are becoming a popular tool for money launderers. Learn all about nested exchanges/services and what we’re doing to combat them as well as how to avoid them and why accounts get blocked or frozen because of them. Main Takeaways: A nested exchange provides crypto trading...
Kenya Based Fintech Kwara Raises $4 Million in Seed Round
13.12.2021
A Kenya based fintech, Kwara has raised $4 million in a seed round that was led by Breega VC firm. The funds will be used to create an app that allows members of credit unions to access financial services. The Rising Demand for Financial Services by Credit Union Members Kwara, a Kenyan fintech that...
Thailand Doesn’t Prohibit Crypto Use for Payments but Warns of Price Fluctuation
12.12.2021
Bank of Thailand’s officials say that using cryptocurrency as a means of payment is not illegal. However, they added that users “must be able to accept the risks,” including price fluctuation. Using Crypto to Pay for Goods and Services Is Not Illegal in Thailand Sakkapop...
Finance Redefined: AWS turns crypto exchanges offline, and Sushi CTO resigns, Dec. 3–10
10.12.2021
An AWS outage sent shockwaves around the crypto industry, Delong left his role as Sushi CTO, and Coinbase opened a cryptography library — all coming to you in this week’s Finance Redefined
Visa Launches Crypto Advisory Services Helping Partners with New Era of Money Transaction
9.12.2021
Visa, the most prominent digital payment company, announced the introduction of Visa’s Global Crypto Advisory Practice, a new product under Visa Consulting & Analytics (VCA) aimed at assisting customers and partners in their crypto use. According to a Visa study released today, the launch...
Visa Launches Crypto Advisory Services — Says ‘Digital Currencies Are Taking Greater Hold in Popular Consciousness’
9.12.2021
Payments giant Visa has launched global crypto advisory services. The company’s executive says: “We’ve seen a material shift in our clients’ mindset in the last year, from a desire to explore and experiment with crypto, to actually building a strategy and product...
Cryptocurrency Exchange Huobi Global to Leave China This Month
8.12.2021
Digital asset exchange Huobi Global has revealed its intention to exit the Chinese Market. The crypto trading platform with Chinese roots said it will stop processing transactions for existing users on the mainland by the end of the year. Huobi Global Halts Services in the People’s Republic...
Decentralized dYdX Went Down Due to Reliance on Centralized Cloud Services
8.12.2021
Decentralized exchange (DEX) dYdX was down for 9 hours Monday afternoon to Tuesday morning, due to a major outage that hit Amazon's cloud-service network Amazon Web Services (AWS), once again stirring up debates about decentralization.
Some commenters have questioned whether a decentralized...
Amazon Web Services Outage Affects Several Major Games
7.12.2021
Amazon Web Services, upon which much of the internet is built, is experiencing issues with its biggest hub of data centers. Naturally, this means a lot of folks are having trouble logging into and playing some of their favorite games.Read more
Bank of Russia Rejects Provision of Crypto-Related Financial Services
7.12.2021
Russia’s central bank has voiced opposition to the provision of financial services related to cryptocurrencies. The monetary authority believes such offerings would go against the interests of Russian investors as they are highly risky. Central Bank of Russia Unwilling to Allow Financial...
Japanese Regulator Eyes Stablecoin, Wallet Provider Regulations in 2022
7.12.2021
Japan’s top financial regulator will block firms outside the world of conventional finance from issuing fiat-pegged stablecoins, a leading media outlet has claimed.
Per reports in both Japanese and English from Nikkei, the Financial Services Agency (FSA), the government organ that oversees...