Macau’s gambling industry is reeling amid rumors that the city’s regulator is in talks with casino operators regarding the introduction of China’s digital yuan. China’s central bank digital currency is expected to further exacerbate Macau’s declining gambling revenues. According to a Dec. 2 article from Bloomberg, junkets — Macau businesses that act as middlemen to […]
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This could significantly lower the barrier to entry for stablecoin use. Visa has teamed up with blockchain services company Circle to make USD Coin (USDC) stablecoin transactions compatible with certain credit cards. “After Circle itself graduates from Visa’s Fast Track program, likely sometime next year, Visa will issue a credit card that lets businesses send […]
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The benefits of utility tokens could soon stretch beyond payment facilitation and governance capabilities. Cryptocurrencies are commonly known for being a store of value, but as the blockchain space continues to mature, utility tokens are being created that extend their benefits beyond mere financial gains. Scott Gralnick, director of global partnerships for ShapeShift — a Swiss […]
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Compliance is key if you want to play the game, says PayPal CEO Dan Schulman. There is no other way for the cryptocurrency industry to thrive without working hand in hand with regulators, PayPal CEO Dan Schulman believes. On Dec. 2, Schulman joined the Web Summit online conference to discuss the cashless era of the […]
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The mandatory license will allow Crypto.com to issue crypto debit cards in Australia. Crypto exchange and debit card provider Crypto.com has completed the acquisition of an Australian financial services company in order to secure an Australian Financial Service License, or ASFL. The acquired firm, named The Card Group Pty Ltd, has been described as specializing in […]
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“Combine a digital asset with a rainforest carbon offset and give everyone in the world access.” An alliance of crypto firms is introducing tokenized carbon credits for individuals to offset the amount of carbon dioxide they contribute. According to a Dec. 1 announcement, the Universal Protocol Alliance, or UPA, has launched a tradable carbon token […]
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The exchange’s pilfered funds are on the move once again. Back in 2016, 119,756 Bitcoin were stolen from the Bitfinex crypto exchange. Some of these coins have continued to move between wallets over the years, including as recently as Monday. Blockchain data shows that an unknown crypto user has moved 270.97974 Bitcoin (BTC) from a […]
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The hotly anticipated layer-1 chain looks to be getting its ducks in a row. In a move that may signal that a mainnet launch is just around the corner, Flow — the blockchain from Cryptokitties and NBA Topshot developers Dapper Labs — has launched the Flow Port: a tool for token holders to manage, stake, […]
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“That’s how shit gets done here,” says one team member This morning, Yearn founder Andre Cronje announced the latest in a spate of high-profile mergers and collaborations for the multi-faceted decentralized finance (DeFi) protocol: Yearn Finance will be “joining forces” with market coverage provide Cover. In a blog post, Cronje notes that the merger will […]
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As crypto enters the mainstream, major retailers are offering discounts and promotions to get customers to pay using cryptocurrency Cryptocurrency adoption is slowly but surely making its way to the mainstream — a notion that has become more apparent as major retailers like PayPal announce support for digital currencies. As such, it shouldn’t come as […]
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