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UK Law Firm Gunnercooke Says It Now Accepts Crypto Payments
22.2.2022
U.K. law firm, Gunnercooke, claims to be one of the first major law firms in the country to accept crypto payments. Crypto Asset Payments A United Kingdom-based commercial law firm, Gunnercooke, has become the latest practice to accept cryptocurrency as payment for services, a report has said....
Russian Regulators Find Common Ground — Bitcoin Can’t Be Used for Payments
13.2.2022
Russian authorities are yet to reach full consensus on the future of cryptocurrencies but government institutions are on the same side of the fence in their intention to ban bitcoin payments. Other operations with digital assets are to be legalized and regulated, representatives of Russian business...
US Lawmakers Introduce ‘Virtual Currency Tax Fairness Act’ to Boost Cryptocurrency Use for Payments
6.2.2022
Several U.S. lawmakers have introduced the Virtual Currency Tax Fairness Act to strengthen “the legitimacy of cryptocurrency in our digital economy.” The bill also aims to expand the use of cryptocurrencies for payments. Virtual Currency Tax Fairness Act Introduced in the...
Rio’s Treasury Reserves to Be Made up of 1% Crypto, City May Enable BTC Tax Payments
14.1.2022
Brazil’s former capital city, Rio de Janeiro, might start holding crypto in its treasury, its Mayor has revealed.
According to the newspaper O Globo, Mayor Eduardo Paes made the announcement during an event also attended by another pro-crypto mayor, Miami’s Francis Suarez. The duo were speaking...
Iran Reportedly Set to Allow Digital Currencies Usage for International Payments
11.1.2022
Iran is reportedly set to finalize a scheme that would allow merchants to use digital currencies in international trades.
According to a local media outlet, Alireza Peyman Pak, head of the Trade Promotion Organization of Iran, said that the country's Central Bank reached an agreement with...
Avalanche Adding Fiat Payments via Alchemy Pay (ACH) Integration
24.12.2021
PRESS RELEASE. Avalanche has announced the integration of flexible fiat payment on-ramps on their network, thanks to a new integration with Alchemy Pay. Alchemy Pay is a payment solution that bridges fiat and crypto economies and it will now offer support for Avalanche’s public blockchain’s native...
Leading Mexican Retailer Grupo Elektra Accepts Bitcoin
19.12.2021
Mexico’s Grupo Elektra, a leading retailer in Latin America, is accepting bitcoin for payments. The chain belongs to conglomerate Grupo Salinas, which is owned by Mexico’s third-richest billionaire, the pro-bitcoin Ricardo Salinas Pliego. Ricardo Salinas Pliego’s Retail Chain...
Dogecoin Sees Massive Rally as Tesla & Elon Musk Embrace it For Payments
14.12.2021
Dogecoin (DOGE) saw a sharp rally in the market today, after Tesla's CEO Elon Musk said his company “will make some merch buyable” with the meme coin.
The surprising statement was published on Twitter by Elon Musk Tuesday morning, causing an immediate surge higher in the price of DOGE....
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Bitpay Adds Shiba Inu Crypto as Petition to List SHIB on Robinhood Exceeds 545K Signers
10.12.2021
Crypto payment firm Bitpay has added support for the meme cryptocurrency shiba inu. Following Bitpay’s announcement, retail giant Newegg announced that it too has begun accepting SHIB for payments. AMC Theatres is also expected to begin accepting SHIB soon. Meanwhile, a petition for...
Central Banks of France, Switzerland and BIS Complete Cross-Border CBDC Trial
9.12.2021
Bank of France, the Swiss National Bank (SNB), and the Bank for International Settlements have successfully tested the application of wholesale central bank digital currency in cross-border payments. The project used distributed ledger technology and was realized with help from private firms....
Crypto Exchange Bitstamp Lists Shiba Inu as SHIB Adoption Grows
9.12.2021
Another major cryptocurrency exchange, Bitstamp, has listed shiba inu cryptocurrency. Bitstamp users will be able to trade SHIB against the U.S. dollar and the euro. The announcement came as more trading platforms are listing shiba inu and more stores are accepting the meme crypto for payments....
FBI Seizes Bitcoin Worth More Than $2.2 Million From Ransomware Affiliate
4.12.2021
The Federal Bureau of Investigation (FBI) has seized bitcoin worth more than $2.2 million tied to ransomware payments. The cryptocurrency allegedly belongs to an affiliate of Gandcrab and Revil/Sodinokibi ransomware. US Seizes Bitcoin Worth Over $2 Million The Federal Bureau of Investigation (FBI)...
Kenya Central Bank Governor on CBDC: It’s About Getting It Right Rather Than Being First
22.11.2021
The Central Bank of Kenya (CBK) governor, Patrick Njoroge, has said his institution is currently exploring the use of central bank digital currencies (CBDC) to settle cross-border payments. Njoroge however insists the bank’s priority is getting it right rather than being the first....
Central Bank of Peru Will Develop a Digital Currency
22.11.2021
The Central Reserve Bank of Peru, the Peruvian central bank, is planning to develop a central bank digital currency (CBDC) like other economies of the world. The announcement was made by its president, Julio Velarde, who stated that the currency would be designed for use primarily in payments....
$9 Billion in Bitcoin: Court Trustee Says Mt Gox Rehabilitation Plan ‘Final and Binding’
17.11.2021
Mt Gox claimants may see restitution soon as a recent filing from the Tokyo District Court’s trustee Nobuaki Kobayashi explains that the rehabilitation plan is now “final and binding.” The document published on Tuesday notes that an announcement will follow that discloses...
US Senator Proposes Congress Adopt Cryptocurrency for Payments
5.11.2021
U.S. Senator Ted Cruz has introduced a resolution that would position Congress to lead in the area of cryptocurrency by having congressional cafeterias, vending machines, and gift shops accept crypto payments. “Congress is typically slow to adopt new technology,” he said. Senator...
AMC Theatres Considers Accepting Shiba Inu Alongside Dogecoin as SHIB Popularity Soars
30.10.2021
The CEO of the world’s largest movie exhibition company, AMC Entertainment, is asking the crypto community whether his company should accept shiba inu (SHIB) for payments. The company is already planning to accept several cryptocurrencies by year-end, including dogecoin. CEO Asks Whether...
Millions of Wix Merchants Can Now Accept 12 Different Cryptocurrencies
12.10.2021
On Tuesday, the Atlanta-based cryptocurrency payments company Bitpay announced the Israeli software company Wix has enabled its Software as a service (SaaS) e-commerce product to accept crypto-asset payments. The integration will allow Wix merchants to accept 12 different cryptocurrencies such...
Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments
10.10.2021
Sri Lanka’s leading online retailer, Kapruka, has unveiled plans to introduce support for cryptocurrency payments. The news comes as the South Asian country intensifies efforts to adopt legislation tailored to regulate its blockchain space and attract investments from the crypto industry....
Thailand to Develop ‘Cryptourism,’ Considers Issuing Utility Token
29.9.2021
In search of ways to heal its travel industry, hurt by the pandemic, Thailand is now recognizing an opportunity to tap into a growing market of cryptocurrency holders. Fostering a “cryptourism atmosphere” is what the country’s tourism agency intends to do, including by minting...