Wirex’s new Mastercard-supported card will be linked to 19 crypto and fiat currency accounts in the Wirex app. Wirex — the first cryptocurrency platform to be granted a Mastercard principal membership — will release a new multi-currency card on the heels of the membership. Wirex is a London-based crypto payment processor and is regulated by […]
Continue Reading
This VC says he doesn’t want to play a game of DeFi musical chairs. PrimeDAO, a decentralized prime broker, hopes to bring stability to the wild world of DeFi. To learn more about this new initiative, we interviewed one of PrimeDAO’s members, Alon Goren — a co-founder of the Draper Goren Holm venture fund. He […]
Continue Reading
The P2P marketplace continues its push to highlight the benevolence and positive nature of the Bitcoin community. Peer-to-peer cryptocurrency marketplace Paxful announced Sept. 17 that it had broken ground on a new school in Nigeria. This is the fourth school of 100 planned as part of its #BuiltWithBitcoin initiative to bring quality education to emerging […]
Continue Reading
Top financial services experts continue to join the Libra project. The Libra Association has appointed HSBC veteran James Emmett as managing director of its subsidiary firm, Libra Networks LLC. James Emmet spent 25 years at HSBC and is a former colleague of the Libra Association’s new CEO, former HSBC chief legal officer Stuart Levey. Levey […]
Continue Reading
Dollars are used for nefarious activities too. The United States Internal Revenue Service has better ways to spend taxpayer dollars than offering bounties to break Monero’s (XMR) privacy, a Monero working group says. After the IRS announced it is offering up to $625,000 to anyone who can break Monero, a major Monero-focused workgroup expressed their […]
Continue Reading
Local sources speculate on the possibilities of a cryptocurrency ban in India. The draconian bill introduced by the country’s former finance secretary Subhash Chandra Garg in 2019 to ban cryptocurrencies in India haunts the country’s crypto enthusiasts and entrepreneurs to this day. Reports from Bloomberg and the local news outlet Economic Times about the further […]
Continue Reading
Unlike China, Sweden, and Canada, Australia is reluctant to issue a CBDC. While other countries may be placing central bank digital currencies — also known as CBDCs — at the top of their agenda, Australia could buck the trend. According to a local news report on Sept. 17, the Reserve Bank of Australia’s latest payments […]
Continue Reading
Data says hodlers are gaining and speculators are vanishing from Bitcoin, with one commentator arguing that the bull run is “just beginning.” Bitcoin (BTC) hodlers are beating out speculators in a sign that the cryptocurrency’s bull run is “just beginning,” data suggests. Part of asset manager Grayscale’s Valuing Bitcoin report issued this month, the Hodler […]
Continue Reading
As real estate tokens falter, AspenCoin has announced cash rebates for token holders who stay at its resort. Despite the broader security token market booming in recent months, real estate tokens appear to be struggling amid the coronavirus pandemic. AspenCoin (ASPD), the digital security representing fractional ownership in 19% of a five-star 179-room hotel in […]
Continue Reading
FinCEN is preparing to modernize its AML requirements for financial institutions to greater respond to the dynamic threats posed by “illicit finance.” The U.S. Financial Crimes Enforcement Network (FinCEN) has announced it will be changing the anti-money laundering (AML) and counter-terrorist financing (CTF) rules within the financial sector. The announcement stated that FinCen will be […]
Continue Reading