Facebook is determined not to take “no” for an answer when it comes to FinTech. Facebook Inc. has launched a new subsidiary group to promote “payments and commerce opportunities” with David Marcus, Libra’s co-creator, in charge of the division. The subsidiary, called Facebook Financial or “F2” will run its payments projects, including a planned Facebook […]
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Decentralized technology is liberating yet intimidating to crypto-beginners. How can DeFi projects ease this transition for users? Many speculate that mainstream adoption of cryptocurrency is dependent solely on improving ease of access and user experience. In reality, there’s an even bigger obstacle: a mentality shift. Self-sovereignty and personal autonomy are the endgame of this technology, […]
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The COVID-19 pandemic has highlighted challenges in global seafood supply chains, and blockchain tech may help improve them. COVID-19 is the most devastating plague to ravage humankind this century. Every day, the number of patients infected with the coronavirus is rising globally and taking the highest human toll in the United States. The highly infectious […]
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Global payment processors Mastercard and Visa are laying the foundations for crypto support that may drive adoption on a global scale. Leading global payment companies Mastercard and Visa have been making moves to accelerate the support of cryptocurrency payment processors by opening up new options for users around the world. Both companies made strong statements […]
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Blockchain can play a role in solving the profitability challenges of content generation industry giants like TikTok. Chinese content generation platform TikTok, a video-sharing app that has been called the fastest-growing social networking service in history, has been in the spotlight since early 2019 and now surpasses 800 million users. Despite the fact that the […]
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Announcement by U.S. OCC to fuel business opportunities for crypto exchanges, custodians and traditionals banks. The Office of the Comptroller of the Currency, a division of the United States Treasury that supervises banking in the country, on July 22, issued an interpretive letter clarifying that nationally chartered banks are allowed to provide cryptocurrency custody services […]
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Hardware wallet provider Ledger said its marketing database was breached between June and July. Major cryptocurrency hardware wallet provider Ledger has alerted customers to a data breach it faced in June and July. In an email on July 29, the company said it was made aware of the breach on July 14 when a researcher […]
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Here are some important things to know before giving donations in cryptocurrency for charitable purposes. Last month, the United States Congress increased the tax benefits of charitable giving in the CARES Act in hopes that people will give more. Some give money; others give property; and a growing number have been giving crypto assets. Once […]
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Southeast Asia’s relations with open finance and emerging technologies have become more prominent during the COVID-19 pandemic. As the COVID-19 pandemic swept across the globe, history seemingly repeated itself as familiar public health strategies were gradually implemented from one jurisdiction to the next. From recommendations of social distancing to lockdowns, such measures have disrupted even […]
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Twitch ramps up its crypto strategy with a digital currency promotion. Will more merchants follow suit? Amazon-owned streaming platform Twitch appears to be ramping up its crypto strategy. The site, which focuses primarily on video game livestreaming, is now offering users a 10% subscription discount when paying with cryptocurrency through the platform’s payment processor, BitPay. […]
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