Blockchain-based digital identity is becoming mainstream with banks, financial organizations rise to the adoption challenge. Digital identity solutions are on the rise as consumers seek security and accessibility in a digitized world. A new report from 360iResearch shows that the global digital identity market is expected to have reached about $37 Million by the end […]
Continue ReadingCanada is the latest country to adopt FATF’s crypto guidance, but how will Canadian crypto firms fair under the new regime? As the world’s supervisory agencies start to heed the crypto guidelines of the Financial Action Task Force, a new regulatory landscape is taking shape within the crypto industry. The latest country to annex the […]
Continue Reading
According to CEO Alan Lane, clients of the crypto-friendly firm have reported issues transferring money to the platform since Friday. A cryptocurrency-friendly firm is having problems receiving money transfers. According to sources available to Cointelegraph, clients at Silvergate Bank have been experiencing issues with certain types of wire transfers since Friday. The firm has stated […]
Continue ReadingSingapore’s central monetary authority issued a new set of guidelines for digital payment token service providers on March 16. Some countries have been late to the party when it comes to recognizing and regulating digital assets. The first time that Singapore’s central bank issued a framework for the regulation of payment-related activities was on Jan. […]
Continue Reading
Cryptocurrency lending platform BlockFi has added support for cash on its platform, which enables customers to purchase crypto through wire transfers. Cryptocurrency lending platform BlockFi has added support for cash on its platform, which enables customers to purchase crypto through wire transfers. The company revealed the new option in a press release on March 10, […]
Continue Reading
Decentralized finance proponents take a hard hit after lending protocol bZx sees two successful hacks just days apart. Decentralized finance (DeFi) proponents are taking a hard hit after decentralized lending protocol bZx saw two successful hacks just days apart with losses totalling around $954,000. According to bZx’s report, the protocol was compromised for the first […]
Continue Reading
On January 9th, digital asset marketplace Binance.US unveiled a mobile app for iOS and Android users. On January 9th, digital asset marketplace Binance.US unveiled a mobile app for iOS and Android users. Early user response? After successful beta testing on both iOS and Android versions in December, users can now trade over 25 digital currencies […]
Continue Reading
A curious implementation favors three lesser-used stablecoins, executives shunning Tether, which is by far the industry’s most popular option. Controversial cryptocurrency payment processor BitPay has announced it is adding three stablecoins to its list of supported tokens. In a press release on Dec. 10, BitPay confirmed businesses could now accept payment in USD Coin (USDC), […]
Continue Reading
The national police force of New Zealand seize over $4 million in cryptocurrency from Jaron David McIvor, suspected of laundering proceeds from online movie piracy. The national police force of New Zealand have seized between NZ$6.2 and NZ$6.7 million in cryptocurrency from a man who allegedly was involved in online movie piracy in the United […]
Continue Reading
A senior U.S. federal official argued that Facebook’s Libra highlights the need for the FED to urgently launch its own real-time payments system — FedNow. A senior United States federal official has argued that Facebook’s Libra highlights the need for the Federal Reserve (Fed) to act urgently and launch its own real-time payments system. In […]
Continue Reading