Blockchain could help shared device merchants avoid credit card fees, MasterCard says. MasterCard’s Singapore-based subsidiary filed a patent with the U.S. Patent Office detailing a payment system for using hardware devices that specifically mentions Iota’s (MIOTA) Tangle technology. The patent claim, published on Aug. 20, proposes a pay-as-you-go system that uses a “transparent data storage […]
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Singapore’s crypto industry association is providing resources for local firms as they navigate new regulatory requirements. Cryptocurrency firms in Singapore can now draw upon detailed guidance for their license applications to offer regulated services in the city-state. On Aug. 13, the Association of Cryptocurrency Enterprises and Startups, Singapore (ACCESS), rolled out its new Code of […]
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Huobi makes a pitch to those who ”want to earn a good profit worry-free.” Singapore-headquartered exchange Huobi Global is rolling out cryptocurrency savings accounts tomorrow. The new product will go live at 7:00 a.m. UTC on Aug. 20, with availability restricted to certain jurisdictions. Residents of China, Hong Kong Japan, Singapore, the United States, Germany, […]
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The Colibra app is providing a means for air travelers delayed for any reason to receive compensation in crypto. With the global air industry in turmoil due to pandemic-induced flight delays and cancellations, a startup in Bulgaria is providing the option for travellers to receive compensation in Bitcoin. Compensation via the Colibra app is available […]
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For the East and West, the paths to blockchain and cryptocurrency adoption are not the same and both have their own challenges. Ethereum recently turned five years old, and coincidentally, it also appears to have reached an inflection point for user adoption. In the second quarter of 2020, daily active Ethereum users nearly doubled to […]
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Cybersecurity researchers now expect future cryptojackers to mimic this worm’s ability to hack Amazon Web Services credentials. Cybersecurity researchers have detected what they believe to be the first ever stealth crypto mining campaign to steal Amazon Web Services (AWS) credentials. The mining campaign was described as being relatively unsophisticated by Cado Security in their report […]
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Paris’ pet is forever immortalized as an NFT. Media personality and businesswoman Paris Hilton announced that she successfully auctioned a digital painting of her cat, Munchkin, for 40 ETH — worth almost $17,000. The sale was held through an Ethereum-based auction platform called Cryptograph. According to a tweet published by Hilton, money raised from the […]
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Asian countries have found ways to use blockchain amid the pandemic. The Corona pandemic prompted many Asian countries to adopt blockchain technology to secure their data via the Internet against hackers and cyber thieves, according to a report from the Nikkei Asian Review. This increase in adoption comes as The Business Research Company said the […]
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Revolut’s losses in 2019 surged over 200% due to investment in international expansion, Revolut founder and CEO says. Revolut, a crypto-friendly trading app and one of the biggest fintechs in Europe, reportedly tripled its losses in 2019 despite growth in revenue and new customers. The London-based company reportedly posted a total loss of more than […]
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The metals and minerals subsidiary of Mitsubishi has launched a blockchain platform to digitize metal trades. The metals and minerals resource trading subsidiary of Mitsubishi Corporation, Mitsubishi Corporation RtM Japan Ltd, has launched a blockchain platform named ECO for precious metals trading. Developed by Mitsubishi in partnership with the American blockchain company Skuchain, the platform […]
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