Browsing:Crypto

Union Bank of the Philippines accepts BTC and ETH
5 months ago 1 min read

Union Bank of the Philippines launches a pilot program for BTC and ETH custody and trading services

The Union Bank of the Philippines (UnionBank) has launched a pilot program for Bitcoin (BTC) and Ether (ETH) custody and trading services for select retail customers, according to a joint announcement on November 2. UnionBank has launched a new investment and trading feature in collaboration with Swiss crypto technology firm Metaco, with the feature going live on Metaco’s digital asset platform Harmonize. Furthermore, UnionBank first collaborated with Metaco in January 2022 to develop cryptocurrency trading services. UnionBank, which is licensed and supervised by the Philippines’ central bank, Bangko Sentral ng Pilipinas (BSP), has been actively exploring the cryptocurrency industry in

Elon Musk Twitter
5 months ago 1 min read

Elon Musk Teases Twitter Dogecoin Integration

There were rumors about whether Elon Musk’s Twitter would accept Dogecoin payments, and he only fueled them. After months of speculation, drama, and lawsuits, Musk’s acquisition of Twitter was completed in less than a week. Previously, Tesla CEO Elon Musk promised to improve the social media platform by removing bots and fake accounts, among other initiatives. Following the firing of most executives, Musk announced on Twitter a monthly subscription that will allow blue-tick certification, which will differ from the current system of “lords and peasants.” The initial speculation was that it would cost $20 per month, but he stated that

founder of Cardano supports Elon Musk
5 months ago 1 min read

Cardano founder responds to Musk charging $8 For Twitter Blue Tick

Elon Musk, Twitter’s new CEO, said he intends to change the blue checkmark criteria system and making it available to the masses on a subscription basis for only $8 per month. Cardano founder Charles Hoskinson quickly responded to Musk’s tweet, agreeing with his decision. Furthermore, Hoskinson believes the move will help Musk generate over $500,000 in annual revenue. Furthermore, doing so will eliminate much of the confusion surrounding the verification criteria, etc. The IOHK founder also stated that a Digital IDentity (DID) for verified tweets would be required. On the contrary, Ethereum founder Vitalik Buterin believes that Musk’s proposal to

Revolut, a British fintech and banking company, has decided to introduce a new feature called "spend from crypto." This feature assists customers in converting their crypto balances into fiat money.
5 months ago 1 min read

Revolut, a British fintech and banking company, introduces a feature called “spend from crypto”

Revolut, a British fintech and banking company, has decided to introduce a new feature called “spend from crypto.” This feature assists customers in converting their crypto balances into fiat money. In essence, this will make it easier for Revolut cardholders to sell their crypto assets and instantly transfer the funds to their credentials to pay for everyday purchases. Customers can pay for e-commerce and in-person purchases online. The conversion transaction will be subject to the current exchange rate, and exchange fees will be charged based on the user’s subscription plan. Revolut will give its customers 1% cashback on digital assets

Pick_n_Pay crypt payment
5 months ago 1 min read

Pick n Pay, a South African grocery chain, plans to accept Bitcoin

Pick n Pay, a South African grocery chain, plans to accept Bitcoin in all of its stores nationwide, adding that users will be able to pay using any bitcoin lightning-enabled app and QR codes, according to the company. Pick N Pay is planning to roll out its cryptocurrency payments service to its stores nationwide in the coming months, according to South African-based tech news outlet Tech Central. The supermarket chain allegedly began experimenting with Bitcoin payments in Cape Town five years ago but was stymied by high transaction costs and long transaction wait times. Customers will be able to pay

Huobi crypto exchange to relocate to the Caribbean
5 months ago 1 min read

Huobi Global intends to relocate to the Caribbean

Crypto exchange, Huobi, which recently had to deny rumors of massive layoffs within the company, announced plans to relocate its headquarters to one of the Caribbean jurisdictions, with Dominica being the first candidate. Financial Times revealed the company’s intention “to go all in in the Caribbean” in a report, citing one of the board members. The region’s “super-friendly” crypto stance, common law systems, and English language adoption are the reasons for this. Huobi representatives also met with Dominica’s Prime Minister Roosevelt Skerrit last year, and the company plans to work with the government to improve the country’s crypto infrastructure. Huobi’s

MoneyGram announces the launch of a new service enabling consumers to buy, sell and hold cryptocurrency via The MoneyGram App. This feature gives customers in nearly all U.S. states the ability to trade and store BTC, ETH and LTC.
5 months ago 1 min read

MoneyGram to allow US customers to trade and hold BTC, ETH, and LTC

MoneyGram, a payment company, has launched cryptocurrency trading, selling, and buying on its app. MoneyGram’s app now includes a new peer-to-peer service that allows customers to buy, sell, and hold Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). MoneyGram will offer the service to customers in the District of Columbia and all 50 states, with the exception of New York, Idaho, and Hawaii. MoneyGram’s new service will be supported by Coinme, a digital currency exchange and software provider. According to global regulations, the company will expand its cryptocurrency offerings on the app in 2023. The remaining four cryptocurrencies offered by Coinme,

Edward Snowden praises Bitcoin creator
5 months ago 1 min read

Snowden praises Bitcoin transactions and Satoshi’s anonymity 14 years after the Bitcoin whitepaper was published

The enigmatic Satoshi Nakamoto remains anonymous despite certain individuals claiming to be him, with no substantial evidence since the creation of Bitcoin. Edward Snowden, a former computer intelligence consultant who has been on the run since leaking thousands of classified U.S. National Security Agency (NSA) documents to the press, is among those who have been impressed by the speed of Bitcoin’s lightning network, as well as its architect’s continued anonymity. Snowden’s tweet and comments came on October 31, the 14th anniversary of the publication of Nakamoto’s Bitcoin white paper. Snowden expressed his fascination with the network’s “basically instantaneous” transactions and

CZ Binance CEO
5 months ago 1 min read

Binance CEO claims that Binance wants to assist Elon Musk in bringing Twitter into Web3

Billionaire Changpeng Zhao claims that Binance wants to assist Elon Musk in bringing Twitter into Web3. The CEO of the world’s largest cryptocurrency exchange by trading volume says he wants to help Twitter transition into the next phase of the internet. Binance CEO CZ says his company’s $500 million investment in Elon Musk’s Twitter takeover was in the interest of free speech in a new interview with CNBC’s Squawk Box. During an interview, CZ noted,  “There are more tactical things, we want to bring Twitter into Web3 when they’re ready. We want to help solve those immediate problems like, as

South Korea
5 months ago 1 min read

South Korean police arrested $472,000 in cryptocurrency fraudsters using group chat

South Korean police have arrested the ringleaders of a $472,000 crypto fraud gang that used a social media app’s group chat function to lure in unsuspecting victims. According to MBN Money, the Incheon Metropolitan Police Agency stated that three men in their twenties, including a 26-year-old man, were arrested on fraud-related charges. At least ten other people have been detained in connection with the incident. According to officers, the gang set up a group chat room on a social media platform. They allegedly dubbed the group “Investment Reading Room” and managed to recruit a number of unsuspecting crypto-curious social media

Metaverse Alliance (OMA3) has officially launched today
5 months ago 1 min read

Web3 developers can now join the Open Metaverse Alliance (OMA3)

The Open Metaverse Alliance (OMA3) has officially launched today, with memberships available in two tiers: sponsor and creator. It was first announced in July with the goal of establishing standards between metaverse platforms, and it is now in the process of forming working groups to investigate issues such as web3 legal issues. The majority of associated members had ties to Hong Kong-based game software and venture capital firm Animoca Brands when it was first announced. Animoca Brands, The Sandbox (one of its subsidiaries), and several brands in which the company has invested include Alien Worlds, Dapper Labs, Splinterlands, Star Atlas,

Central Bank of India rolls out digital rupee
5 months ago 1 min read

India launches the first digital rupee pilot program

The e-rupee will be available in two denominations: wholesale for interbank settlements and retail for the general public. India’s central bank launched a pilot program for its proposed digital rupee, enlisting nine private and state-owned banks to conduct interbank transactions with this form of currency. The digital rupee has the same value and legitimacy as a banknote or a coin, but it does not have a physical form, making transfers and settlements easier and more efficient. The new pilot, the first of many, will put the digital rupee to the test in what the Reserve Bank of India (RBI) refers

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