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CFTC Fines Stablecoin Issuer Tether and Crypto Exchange Bitfinex $42.5 Million
15.10.2021
On Friday, October 15, 2021, the U.S. Commodity Futures Trading Commission (CFTC) announced that it had ordered the company Tether Holdings Limited and Ifinex Inc., the parent company of Bitfinex, to pay fines totaling $42.5 million. The CFTC accuses Tether of “making untrue or misleading...
You’ll Have To Pay More Than Double For Switch Online If You Want N64 Games
15.10.2021
In September, Nintendo announced that it would make N64 games available as part of its Nintendo Switch Online service. At the time, Nintendo withheld the pricing info, leading some to speculate about how steep it could be. Today, we get our answer. Nintendo Switch Online + Expansion Pack (official...
Moscow Not Planning to Ban Russians From Buying Crypto Abroad
13.10.2021
Russia is not going to follow China’s course and does not plan to ban its citizens from purchasing cryptocurrency on foreign exchanges, a high-ranking government official has indicated. Russians will not be able to pay with digital coins in their own country but are free to use crypto...
Local Stablecoin ‘Crackdown’ Builds a Case For Decentralized Money
11.10.2021
vernment in the North Jeolla Province city had announced a “crackdown to eradicate the illegal distribution of” the Iksan Dairom token. The blockchain-powered coin makes use of technology provided by the telecoms giant KT and its smartphone-based Good Pay ecosystem.Similar KT-led projects are
Bakkt crypto exchange partners with Google for payments
11.10.2021
Millions of retailers currently accept Google Pay as a form of payment, potentially giving Bakkt users the ability to pay in crypto at a variety of stores and online markets
Google to Help Digital Asset Platform Bakkt Introduce Crypto to Millions of Consumers
9.10.2021
Digital asset platform Bakkt has announced a partnership with Google “to introduce digital assets to millions of consumers.” With the partnership, Bakkt says consumers will benefit from the “expanded reach and access” to cryptocurrencies. Google Collaborates With Bakkt...
Bakkt Users Will be Able to Spend Bitcoin via Google Pay
8.10.2021
with-Google-to-Introduce-Digital-Assets-to-Millions-of-Consumers">said the company.Bakkt also said that they’ve chosen Google Cloud as a preferred cloud provider. That said, they plan to market their solutions that will be powered by Google Cloud to “leading retailers and merchants in the
El Salvador introduces fuel subsidy of $0.20 per liter to locals who pay in BTC
4.10.2021
El Salvador is looking to bolster adoption of its government-issued Chivo Bitcoin wallet by offering discounts on petrol purchases of $0.20 per liter to consumers who pay using BTC
Kyrgyzstan Raises Electricity Rates for Cryptocurrency Miners
3.10.2021
The government of Kyrgyzstan has recently revised its electricity tariffs for various groups of consumers. Authorities in Bishkek have raised the rates at which crypto mining businesses buy power citing the energy-intensive nature of the coin minting process. Crypto Miners in Kyrgyzstan to Pay More...
Twitch Announces Test Of ‘Pay-To-Win’ Promotion Feature
1.10.2021
Yesterday, Twitch announced it will test a new feature that allows streamers and their audiences to pay for heightened visibility. Currently, only a select number of accounts participating in Twitch’s research initiative have access to the feature. Despite this, streamers are, unsurprisingly,...
Verifone Enables Retailers to Accept Cryptocurrencies, Says Merchants’ Appetite for Crypto Payments ‘Has Exploded’
28.9.2021
Verifone, a global payment system provider with 35 million devices in 150 countries, is rolling out crypto payment support in the U.S. in partnership with Bitpay. Verifone’s platform processes more than $440 billion annually. The company says, “the appetite for crypto payments...
How to Prevent Crypto Theft - And Whom to Blame When It Does Happen
28.9.2021
https://cryptonews.com/tags/microsoft/">Microsoft, Expedia, Shopify, Etsy, Phillipp Plein, Whole Foods (owned by Amazon)
Kenyan Fintech Player: ‘Banking the Unbanked’ Is the Most Important Use Case for Digital Currencies in Africa
28.9.2021
The year 2020 may well go down as the year when blockchain technology and cryptocurrencies, in particular, gained mainstream recognition. The restrictions on movement, as well as the widespread fear of catching a virus, forced many to look for alternative ways of making payments or sending...
Crypto in Chaos, but Blockchain-powered Pay and Stablecoins Thrive in S Korea
27.9.2021
based pay and fiat KRW-pegged stablecoins.The Korea Minting and Security Printing Corporation (KOMSCO) is a firm that until relatively recently made its money from cash: the company prints banknotes and mints coins for the treasury.But in recent years, it has moved away from paper and
Alchemy Pay Using Chainlink to Enable Trading on Decentralized Exchanges and Borrowing in DeFi Using ACH
22.9.2021
PRESS RELEASE. Singapore, September 22, 2021 – Alchemy Pay is now using Chainlink Price Feeds to enable users to buy crypto on decentralized exchanges (DEXs) and obtain loans in leading DeFi lending platforms directly from wallets using Alchemy Pay’s ERC-20 utility token, ACH....
Crypto markets soar after Fed commits to printing and Evergrande plans to pay its debt
22.9.2021
The crypto market staged a roaring comeback after Evergrande makes a deal to pay its debts and the Fed signals a continuation of its current monetary policy
Pokémon Unite Just Massively Leveled The Playing Field Against 'Pay To Win'
22.9.2021
Since release, it’s been difficult to talk about the merits of pocket monster MOBA Pokémon Unite. The fun factor was there, though largely obscured by TiMi Studio Group’s monetization practices, which allow you to boost items with real-world money. But with Wednesday’s big new patch, Pokémon Unite...
Spain’s Finance Ministry Intensifies Scrutiny of Crypto Wallets, Pay Firms
21.9.2021
of Finance. The ministry’s Union of Technicians (known locally as GESTHA) was quoted as stating that it “has been monitoring” the “[crypto] situation for several years” and had gradually succeeded in “establishing control measures to stop money laundering” efforts that make use of
Korean Province Seizes Cryptocurrencies From 1,661 Investors for Unpaid Fines
21.9.2021
A South Korean province has seized cryptocurrencies worth over $5 million from 1,661 investors who were more than $12 million in arrears on their fines in total. The seizure followed an investigation of nearly 30,000 companies and individuals as well as their cryptocurrency holdings at four...
Bitcoin Pay: Why it’s No Longer Big in Japan
16.9.2021
rywhere-in-el-salvador.htm">pay for everything from dental care to recording studio time in BTC. But once upon a time, Japan was the country everyone in the crypto world looked to with envy.Roger Ve