Major US banks have been knocked offline, unable to cope with the volume of stimulus checks. Some U.S. banks have been unable to handle the increased demand generated by the stimulus checks being distributed to 80 million Americans. On April 15 the online platforms for US Bank, PNC, and Fifth Third Banks went down, apparently […]
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In its most recent position paper, the IFWG labeled crypto as a possible (but unlikely) threat to South Africa’s monetary system. As part of a recent lengthy position paper on crypto, a South African regulatory body called the Intergovernmental Fintech Working Group, or IFWG, mentioned crypto as a possible but unlikely risk to the country’s […]
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Airwallex is one of just three Australian ‘unicorns,’ raising $160 million in a round led by ANZ bank and cloud software firm Salesforce. Australian fintech unicorn and RippleNet member, Airwallex, raised $160 million in a fundraising round led by the investment arms of Australian ‘big four’ bank, ANZ, and San Francisco-based cloud software company, Salesforce. […]
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Major cryptocurrency exchange added Venezuelan Bolivar to its P2P trading portfolio. On April 16, major cryptocurrency exchange, Binance, announced that they are listing the Venezuelan Bolívar (VES) in their peer-to-peer trading platform against BTC, USDT, ETH, BNB, BUSD, and EOS, with no fees attached. Exchange customers can now search for local P2P merchants who have stable […]
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Demand for USDC and PAX has grown but USDT still leads among stablecoins, fiat and cryptos when it comes to volume into Bitcoin. While Tether (USDT) is currently the most popular stablecoin by far when it comes to trading volume and market capitalization, the latest Exchange Review from CryptoCompare shows that other stablecoin projects such […]
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BitGo has bought Lumina, a company that provides tax and portfolio management solutions for institutional investors. BitGo, a company previously known for its custody business, is purchasing Lumina, an integrated tax service for institutional traders. The deal is part of BitGo’s year-long strategy to diversify its crypto business. The deal, whose value remains undisclosed, was […]
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US government decides to foster 5G and IoT technologies over defense lobby’s objections. On April 16, Ajit Pai, the chairman of the Federal Communications Commission, or FCC, issued a draft order approving the usage of L-Band radio frequencies for 5G and IoT. Controversy Previously, three leaders of Congressional defense committees signed a letter urging president […]
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Tone Vays saw one of his YouTube videos banned, followed by his channel’s termination shortly thereafter. YouTube’s latest batch of crypto channel bans continues as trader, analyst, and channel host, Tone Vays, sees his channel removed from the platform. “The worst part about it is that my entire login is deleted, so, on my phone […]
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Speaking at BlockDown 2020, Binance’s CEO predicted that the effects of quantitative easing will trickle into crypto over the coming months. Speaking at the BlockDown 2020 conference, the chief executive and founder of leading cryptocurrency exchange Binance, Changpeng Zhao (CZ), shared his outlook for crypto assets amid the current global climate of economic uncertainty. BlockDown […]
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Ant Financial launched a new consortium blockchain platform for SMEs and developers. Ant Financial — the Chinese fintech company formerly known as Alipay— has launched a new consortium blockchain platform called OpenChain. According to an announcement on April 16, the platform would allow developers and small and micro enterprises to utilize innovative blockchain tools. They […]
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