Interoperable Blockchains May Be the Future of Finance but Have a Ways Yet to Go

As interoperable blockchain solutions gain traction, many believe that the technology is still relatively nascent and needs more polishing. Cross-chain interoperability is a domain that has piqued the interest of many financial institutions over the years, as it stands to produce a technology that can potentially mitigate a whole host of their recurring operational issues […]

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Cryptocurrency Firms Now Recognized as Money Service Businesses in Canada

From today onwards, Canadian firms operating with virtual currencies will be legally recognized as Money Service Businesses. Cryptocurrency exchanges and payment processors are now legally recognized as Money Service Businesses (MSB) within Canada. June 1 saw the enactment of amendments to Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act that were passed in […]

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New Partnership Adds Crypto Payment Routes on Shopify

Shopify sellers can now accept crypto via digital asset payment processor, CoinPayments. A partnership with crypto payment processor CoinPayments means bolstered digital asset payment compatibility for Canadian e-commerce giant Shopify.  “Shopify is a natural fit for us,” CoinPayments CEO Jason Butcher told Cointelegraph via email, adding: As they look to bring new features to their merchant base […]

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Venezuela Appears to Have Hard Forked The Petro

Signs indicate that Venezuela’s state-backed cryptocurrency quietly underwent a hard fork earlier this month. On May 5, Venezuela’s government announced that its controversial oil-backed cryptocurrency, El Petro, would go offline for maintenance until May 10. However, observers have since identified that the official Petro block explorer now lists May 5, 2020, as the date that […]

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