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Blockchain ‘Immutability’ Dispute Sparked by Ethereum Request for Reorg Contract
12.7.2021
Just recently, a software developer and “Solidity nerd” called Bunny Girl has sparked heated conversations within the cryptocurrency community over a smart contract that reveals a process called a “Request For Reorg contract (RFR).” On Twitter, Bunny Girl explained that...
Visa and 50 Crypto Platforms to Enable Cryptocurrency Payments at 70 Million Merchants
9.7.2021
Visa Inc. announced Wednesday that the transactions via crypto-linked Visa cards exceeded $1 billion in the first quarter. The company further said that it is partnering with 50 major cryptocurrency platforms “to launch card programs that make it easy to convert and spend digital currency...
South Africa Regulator Wants Mirror Trading International to Pay Millions as Penalty For Contravening Financial Sector Law
8.7.2021
A South African regulator, the Financial Sector Conduct Authority (FSCA), has informed key figures behind Mirror Trading International (MTI) that it intends to impose a fine of $7 million against the now-defunct crypto investment company. Contravention of Financial Sector Law According to a July...
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...
Spanish Congress Passes Antifraud Law: Users Will Have to Disclose Crypto Holdings Inside and Outside Spain
7.7.2021
The Spanish Congress has approved the antifraud law that was amended last month by the senate. Spanish citizens must now inform about their crypto holdings even outside the country. The new law further establishes severe fines for citizens who fail to share this information with authorities....
Dutch Football Team AZ Alkmaar to hold Bitcoin and pay players in BTC
2.7.2021
AZ Alkmaar is set to become the first professional football club in the Netherlands to pay player salaries in Bitcoin
Despite Backlash, Humble Bundle's Donation Limit Returns
1.7.2021
Earlier this year, Humble Bundle came under fire for announcing it would begin limiting the amount of people’s purchases that would go toward charity and temporarily reversed course. Today, the company announced it will begin rolling out caps on donations that are more generous but still prevent...
Beijing and Suzhou Railways Now Accept Digital Yuan Payments for Ride Fares
1.7.2021
Beijing subway has officially launched a new program that allows passengers to pay for rides with the central bank digital currency (CBDC) also known as the digital yuan. The news follows the subway system in East China’s Jiangsu province in the city of Suzhou which also allows digital yuan...
Kazakhstan Introduces Surcharge for Electricity Used by Crypto Miners
1.7.2021
Cryptocurrency miners in Kazakhstan will pay more than other consumers for the electricity they use to mint digital coins. The country’s president has signed a law that imposes an additional fee for the power utilized by the energy intensive industry. Coin Miners in Kazakhstan to Pay Extra...
FINRA orders Robinhood to pay $70M due in part to 'significant harm' platform caused users
30.6.2021
Regulators said the trading app should pay restitution to users like the 20-year-old who committed suicide after an erroneous negative balance appeared in his account
Coinbase will pay users 4% interest on USDC holdings
29.6.2021
The announced yields represent the exchange increasing interest for USDC holders by more than 2,500% since it was lowered significantly last June
Craig Wright Wins Default Judgment Against Cobra — Bitcoin.org Forced to Remove White Paper
29.6.2021
The self-proclaimed inventor of Bitcoin, Craig Wright, has won a default judgment in London’s High Court in his copyright infringement case against the pseudonymous operator of bitcoin.org. According to a report, the website and its owner Cobra must remove the Bitcoin white paper from the...
Major Auction House Christie’s Accepts Bitcoin for Painting Worth Estimated $6 Million
26.6.2021
British auction house Christie’s will accept bitcoin and ether for a painting worth an estimated $6 million. The digital wallet used to pay for the painting must be held at one of the approved custodians, such as Coinbase, Fidelity, Gemini, or Paxos. Paying for Paintings With Bitcoin...
New Visa Card Allows Bakkt Users to Spend Bitcoin in Stores and Online
25.6.2021
Customers using the Bakkt app can now apply for a debit card which will enable them to pay with bitcoin at merchants that don’t currently take crypto. The virtual Visa card can be added to Apple Pay or Google Pay to purchase items at thousands of retailers supporting the mobile payment...
Echoing Cuban, Novogratz says DeFi should ‘play by the rules’, or ‘pay the piper’ later
24.6.2021
Mike Novogratz suggests DeFi projects add KYC and AML features now instead of waiting on regulators to crack down on the entire sector
Lloyds Auctions Australia Sells a Pricey Caravan for Cryptocurrency
23.6.2021
Australia’s Lloyds Auctions now accepts major cryptocurrencies for any of the items offered on its marketplace. Within hours of the announcement, the auction house managed to sell an expensive caravan (camper/trailer) to a bidder who was happy to pay the full price with digital coins....
Pokémon Leakers Settle Court Case, Have To Pay $150,000
23.6.2021
Back in 2019, The Pokémon Company took some folks to court over a series of leaks that revealed information about Pokémon Sword & Shield before the game’s release. That case is now over, and the defendants are having to pay up.Read more
Deutsche Telekom to Launch Celo-powered Mobile Pay Network
22.6.2021
Global telecommunications companies are growing increasingly keen on blockchain technology – as Germany and Europe’s largest telecoms provider Deutsche Telekom (DT) announced it has teamed up with the financial industry heavyweight Andreessen Horowitz (AH) in a new deal involving the Celo...
Activision Shareholders Vote To Keep Paying CEO Bobby Kotick A Ton Of Money
21.6.2021
Long-time Activision Blizzard CEO Bobby Kotick eked out another lucrative victory today at the company’s annual shareholder meeting with a narrow vote of 54% in favor of maintaining his generous salary and millions in annual bonuses. The win comes after a year-long campaign by CtW Investor Group...
El Salvador Gov’t Mulls BTC Pay as Int’l Bitcoin Players ‘Roll into Town’
16.6.2021
President Nayib Bukele met with bitcoiners yesterday. Source: Twitter/@PeterMcCormack
The government of El Salvador is forging away at its President Nayib Bukele’s dream of creating a bitcoin (BTC)-powered economy – with the cabinet “discussing” plans to allow firms to pay employees in BTC...