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Retail Giant Walmart Hiring ‘Cryptocurrency Lead’ to Develop Digital Currency Strategy and Products
16.8.2021
Walmart, the world’s largest retailer, is hiring a “digital currency and cryptocurrency product lead.” The company says it “enables broad set of payment options for its customers” and is developing a “digital currency strategy and product roadmap.” Walmart...
T-Mobile looking into potential hack of data on 100 million customers
16.8.2021
The hacker purportedly plans to sell a subset of their stolen information 6 BTC ($286,000)
Coinbase Plans to Spur ‘Commerce’-based Crypto Usage for Customers, Merchants
11.8.2021
Brian Armstrong. Source: a video screenshot, Youtube, a16z
US-headquartered major crypto exchange Coinbase has revealed that its plans for the future of the “crypto economy” include building upon its Coinbase Card debit card and bitcoin (BTC)-collateral loan service, building on a growing number...
Paypal’s Venmo Launches ‘Cash Back to Crypto’ Feature to Auto Purchase Cryptocurrencies
11.8.2021
Venmo, a Paypal service, has introduced the “Cash Back to Crypto” feature to allow credit card customers to automatically buy four types of cryptocurrencies with their cash back without incurring transaction fees. Cash Back to Crypto on Venmo Payments giant Paypal announced Tuesday...
Binance Restricts Crypto Derivatives Products in Hong Kong, Existing Positions Have 90 Days to Close
7.8.2021
Fresh off the heels of Binance’s last announcement to discontinue crypto derivatives offerings in Germany, Italy, and the Netherlands, the company revealed on Friday crypto derivatives products in Hong Kong will cease as well. Effective immediately, users won’t be able to open...
Bitcoin and Submarine Sandwiches: Quiznos Restaurant to Pilot Payments via the Bakkt App
3.8.2021
On Tuesday, Bakkt Holdings revealed a partnership between the national quick-service restaurant (QSR) Quiznos. The company Quiznos is a brand based in Denver, Colorado, and the restaurants specialize in offering submarine sandwiches. According to the announcement, Bakkt and a Quiznos location...
HSBC Becomes Latest Bank to Suspend Payments to Crypto Exchange Binance in UK
3.8.2021
HSBC has reportedly become the latest British bank to announce that it has suspended payments to cryptocurrency exchange Binance. Citing a consumer warning by the country’s financial regulator, the Financial Conduct Authority (FCA), the bank told its customers: “We’ve made this...
Nigerian Crypto Exchange Boss: CBN Directive Led Shift of Trades From Centralized Exchanges to Black Market Exchanges
1.8.2021
It has been more than six months since the Central Bank of Nigeria (CBN) directed banks to stop serving customers from the cryptocurrency industry. While the measure appears to have succeeded in removing crypto entities from the banking ecosystem, the policy has however led to the growth...
Automated Investment Service Firm Wealthfront Adds Support for Grayscale’s BTC, ETH Trusts
31.7.2021
On Thursday, the Palo Alto-based automated investment service firm, Wealthfront Inc., announced that customers can now get exposure to crypto assets via the company’s platform. The firm revealed that clients can choose from two Grayscale investment trusts, as the company now offers...
Brazilian Burger King Customers Can Now Purchase Meat-Flavored Dog Biscuits With Dogecoin
27.7.2021
According to regional reports, the Burger King franchise in Brazil has introduced a new type of food specifically made for canines called the “Dogeppr.” The new product is a dog biscuit that canine owners can purchase for their pets and the company is accepting dogecoin crypto payments...
Coinbase Commerce Now Supports Dogecoin Payments
23.7.2021
Coinbase now accepts commerce payments in dogecoin. With the addition of the meme crypto, Coinbase Commerce now allows customers to check out and pay with seven cryptocurrencies. Coinbase Commerce Now Supports Dogecoin Coinbase Commerce is a platform by the Nasdaq-listed Coinbase that...
BlockFI ordered to stop onboarding New Jersey-based customers
20.7.2021
BlockFi CEO Zack Prince rejects the New Jersey securities regulator’s claim that his firm has been offering unlicensed securities to the public
German Bank Comdirect Now Offers 11 Cryptocurrency ETPs in Savings Plan
17.7.2021
German bank Comdirect, with about three million customers, is now offering 11 cryptocurrency exchange-traded products (ETPs). “Comdirect has succeeded in significantly bridging crypto investments to retirement plans, something that our clients have longed for a while,” the bank said....
Shapeshift to Dissolve Corporate Model, Platform Airdrops FOX Tokens to Community of Users
16.7.2021
Founded on July 1, 2014, Shapeshift has been offering global trading of a variety of digital assets for seven years. Following the company’s recent anniversary, it announced Shapeshift is evolving into a community-owned decentralized platform. Shapeshift founder Erik Voorhees explained in...
Paypal Raises Weekly Cryptocurrency Purchase Limit to $100K, Removes Annual Limit
16.7.2021
Payments giant Paypal has increased its weekly purchase limit for cryptocurrencies and has removed the annual limit altogether. The company said, “These changes will enable our customers to have more choice and flexibility in purchasing cryptocurrency on our platform.” Paypal Increases...
A Group of Users Is Battling Binance to Get Their Money Back After May’s Crash
14.7.2021
A group of Binance customers are seeking to get their funds back after the platform froze in May. These users had leveraged positions and were unable to reduce them or close them. On May 19, Binance’s app crashed for more than one hour, leaving customers unable to manage their funds. These...
Binance reportedly halts pounds sterling withdrawal for UK customers again
13.7.2021
Binance has reportedly been forced to suspend fiat currency withdrawals for customers in the United Kingdom once again
Indian Bank Blocks Use of RBI’s Remittance System for Crypto While Government Delays Bill
13.7.2021
Major Indian bank ICICI has asked customers not to use the Reserve Bank of India (RBI)’s liberalised remittance scheme (LRS) for any crypto-related investments. ICICI, a leading private sector bank in India, has updated its retail outward remittance application to include cryptocurrency. With...
After Barclays, Santander Bank Blocks Payments to Binance in UK Citing Customer Protection
9.7.2021
Santander Bank in the U.K. has become the latest high street bank in the country to block fund transfers to cryptocurrency exchange Binance. Recently, Barclays and Natwest banks reportedly made a similar move. A number of Santander Bank customers reported on social media that they have received...
Chinese Bank Employees Told to Entice 300 Customers to Use the Digital Yuan
7.7.2021
In mid-May, a report stemming from residents in Shenzhen, China explained that the digital yuan wasn’t seeing widespread participation, which the Chinese government has alluded to in many press releases. Now a handful of China’s state-owned banks have asked staff to recruit 200 to...