Category: Cryptocurrency

Visa reportedly looks to introduce “groundbreaking” crypto payment technology

September 25, 2020

After initially balking at the idea of digital currency, Visa has had a major change of heart Mastercard’s biggest competitor, Visa, does not want to be left behind in the implementation of cryptocurrency payment systems and, according to a recent Forbes interview, the company said that it is researching options for offline digital currency payments. […]

MasterCard hopes to fuel crypto expansion through new partner program

September 24, 2020

The credit card processor expands the reach of its Accelerate program Giant credit card processor Mastercard has been working hard this year to get more involved in the cryptocurrency industry, and another announcement was made today regarding its continued expansion into the space. To promote the adoption of cryptocurrencies, it is working with Wirex, which […]

CoinPayments and Shopify join forces to offer a crypto payments solution

September 23, 2020

The eCommerce platform is getting a boost through the additional payment options Another global cryptocurrency company has closed a partnership deal with the major online shopping platform Shopify to deliver a cryptocurrency payment solution. This new collaboration between CoinPayments and Shopify will make the crypto payments processing platform available to all merchants using Shopify, which […]

$17 million crypto scam leads to charges against two Russian fraudsters

September 22, 2020

The Department of Justice wants to hold accountable two thieves who ripped off crypto exchange users Two Russians are expected to face the wrath of the US Department of Justice (DOJ) for having bilked users of several cryptocurrency exchanges out of millions of dollars. The federal agency has announce that it has submitted charges against […]

Wisconsin Assembly candidate asserts “cryptocurrency is money” in campaign fundraising

September 21, 2020

It may be moving slowly, but cryptocurrency continues to receive more support in the US Across the US, there have been pockets of support for the use of cryptocurrency as an alternative to fiat for years. However, there has yet to be any widespread, mainstream acceptance like what is being witnessed in other countries around […]

Chainalysis to help Wyoming control cryptocurrency tracing

September 18, 2020

Wyoming is rapidly becoming the most crypto-friendly state in the US Wyoming is becoming a pioneer state when it comes to welcoming the cryptocurrency industry within its borders, starting with the recent approval of the first cryptocurrency bank in the US. Now, in order to ensure it has the required capabilities to trace digital asset […]

Kraken officially becomes the first cryptocurrency bank in the US

September 17, 2020

Cryptocurrency is no longer the black sheep of the currency ecosystem The cryptocurrency industry offers a lot of advantages for business entrepreneurs and for investors as it gradually takes over the mainstream market. There are cryptocurrency companies working their way into more traditional banking institutions in an attempt to make the line between both industries […]

Poker pro Mike McDonald finishes well in the inaugural World Series of Trading crypto event

September 16, 2020

The cryptocurrency trading competition drew strong participation from around the world The inaugural World Series of Trading (WSOT) cryptocurrency trading competition just finished successfully, and the third place was for none other than poker pro, Mike McDonald, whose team did very well thanks to his poker skills. This global cryptocurrency trading competition had participants working […]

Japanese cryptocurrency exchange sues Binance for facilitating Bitcoin laundering

September 15, 2020

Binance, one of the world’s best-known cryptocurrency exchanges, is being sued by Fisco in U.S. court. According to the 33-page complaint filed in the Northern District of California, the Japanese cryptocurrency exchange alleges that Binance facilitated the laundering of over $9 million worth of stolen blockchain assets. Fisco argues that Binance’s insufficient KYC (Know Your […]

The US issues sanctions against Russians accused of interfering in elections through crypto

September 15, 2020

The US Department of the Treasury alleges individuals are using crypto to disrupt the voting process This year’s presidential election is heating up, and the US Department of the Treasury has been working to ensure that there will be no interference in the electoral process. Therefore, last Thursday, the Office of Foreign Assets Control (OFAC) […]

Rapper T.I. to pay massive fine over the FLiK initial coin offering the SEC says was a fraud

September 14, 2020

The celebrity is accused of fraud and misrepresentation, and will have to pay a $75,000 fine The Securities and Exchange Commission (SEC) continues to target cryptocurrency companies to ensure their legitimacy, and its latest investigation ended up with a famous rapper getting fined. According to the SEC, rapper T.I. has been promoting a fraudulent initial […]

Central bank digital currencies get a testing platform built by MasterCard

September 11, 2020

The prospects for established digital currencies as an alternative to fiat are becoming more realistic Giant payment company MasterCard continues to adapt to the trends imposed by the cryptocurrency industry and announced on Wednesday the launch of its “proprietary virtual testing environment” that can be used by central banks. This platform allows financial institutions to […]

Even SWIFT knows that criminals prefer cash over crypto

September 10, 2020

The world’s largest financial transfer system acknowledges that fiat is still king among thieves Ever since the first cryptocurrencies appeared on the market, the industry has been dealing with the stigma of being a means to commit money-laundering acts and promote criminal activities, despite overwhelming evidence to the contrary. A new report from the Society […]

306 Android apps harboring cryptocurrency malware

September 9, 2020

The “CRYLOGGER” tool has identified rampant malware abuse among Android apps Malware has always been a problem, but it is becoming a larger threat to mobile devices. They use the power of technological devices like computers and smartphones to mine cryptocurrency and also to obtain information that can be used to breach crypto accounts, and […]

Crypto derivatives volume sets a new record in August

September 8, 2020

The cryptocurrency space continues to become more active, especially when numbers reach new heights Last month recorded a surge in the volume of cryptocurrency being traded, and the main reason is that crypto-based derivative products have hit all-time highs in August, according to a report released by CryptoCompare. Today, the firm published its monthly Exchange […]

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