Tag: Cryptocurrency
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Nigeria fines Binance with USD 10 billion in damages
It has been reported that the Nigerian government has fined the popular cryptocurrency exchange Binance with a staggering USD 10 billion in damages. The fine comes after allegations of regulatory violations and failure to comply with local laws. Binance, which is one of the largest cryptocurrency exchanges in the world, has been accused of operating…
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Kraken launches Kraken Institutional brand
Kraken Launches Kraken Institutional Brand Leading cryptocurrency exchange, Kraken, has announced the launch of its new brand specifically tailored for institutional clients – Kraken Institutional. This move comes as part of Kraken’s ongoing efforts to expand its services and cater to the needs of a wider audience. With the cryptocurrency market gaining more mainstream acceptance,…
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Reddit discloses Bitcoin and Ether holdings in IPO filing
In its initial public offering (IPO) filing, Reddit has disclosed that it holds a significant amount of Bitcoin and Ether. The popular social media platform, known for its message boards and communities, has become one of the latest companies to publicly reveal its cryptocurrency holdings. According to the IPO filing, Reddit disclosed that it…
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Coinbase Commerce ceases support for Bitcoin & UTXO coins
Coinbase Commerce ceases support for Bitcoin & UTXO coins As of June 2019, Coinbase Commerce has announced that it will be ceasing support for Bitcoin and UTXO coins. This decision has come as a surprise to many in the cryptocurrency community, as Coinbase has long been known as one of the leading platforms for buying,…
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Revolut to launch advanced cryptocurrency exchange
Revolut, the popular digital banking platform, has announced plans to launch an advanced cryptocurrency exchange. This new feature will allow users to trade a variety of cryptocurrencies directly within the Revolut app. The exchange will offer a user-friendly interface that makes it easy for both novice and experienced traders to buy, sell, and trade cryptocurrencies.…
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Fordefi raises USD 10 mln to expand its self-custodial wallet
Fordefi, the leading provider of self-custodial wallet solutions, has recently raised a massive USD 10 million in a Series A funding round. The company plans to utilize this fresh capital injection to significantly expand its operations and enhance its self-custodial wallet features. A self-custodial wallet, also known as a non-custodial wallet, puts the control of…
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Bitcoin Depot expands footprint by 400 ATMs
Bitcoin Depot, one of the leading cryptocurrency ATM providers, has announced a massive expansion plan, adding 400 new Bitcoin ATMs to their network. This strategic move aims to meet the growing demand for easily accessible Bitcoin services and bolster their presence in both urban and rural areas across the United States. The expansion will make…
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BitGo acquires Brassica
In a strategic move, BitGo, the leader in digital asset financial services, has announced the acquisition of Brassica, a cutting-edge technology company specializing in blockchain-based identity solutions. This acquisition marks a significant development in the growing realm of secure digital identity verification. BitGo, known for its expertise in institutional digital asset security, aims to enhance…
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OKX launches crypto exchange services in Argentina
‘OKX, a globally recognized cryptocurrency exchange platform, has expanded its services to Argentina, providing effortless access to the crypto market for Argentinians.’ Argentinian cryptocurrency enthusiasts and investors have a reason to celebrate as OKX, one of the leading cryptocurrency exchanges in the world, has officially launched its services in Argentina. With the ever-growing demand for…
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SWIAT enables FIs to issue crypto fund units on the blockchain
SWIAT Enables Financial Institutions to Issue Crypto Fund Units on the Blockchain In a ground-breaking development, SWIAT (Secure Worldwide Investment And Trading) has introduced a cutting-edge solution that allows financial institutions (FIs) to issue crypto fund units directly on the blockchain. This breakthrough technology is set to revolutionize the way FIs handle digital assets and…
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Alchemy Pay launches on Bitcoin.com
Alchemy Pay, the leading global cryptocurrency payment platform, has announced its partnership with Bitcoin.com, one of the largest and most influential cryptocurrency websites. This partnership will enable Bitcoin.com users to enjoy seamless and secure payment options through the integration of Alchemy Pay’s cutting-edge technology. About Alchemy Pay Alchemy Pay is a pioneering payment platform that…
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Bitop Exchange enters the Brazilian market
Bitop Exchange, one of the world’s leading cryptocurrency exchanges, has announced its entry into the Brazilian market, bringing exciting opportunities and advanced trading solutions for the local cryptocurrency community. With its proven track record and commitment to security, Bitop Exchange aims to revolutionize the way Brazilians engage with cryptocurrencies. By providing a secure and user-friendly…
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Chainalysis report shows a drop in illicit cryptocurrency transactions
Chainalysis Report Shows a Drop in Illicit Cryptocurrency Transactions Cryptocurrencies have often been associated with illicit activities due to their pseudonymous nature, making it challenging for authorities to trace and regulate transactions. However, a recent report by Chainalysis, a blockchain analysis firm, reveals a positive trend in the fight against illicit cryptocurrency transactions. Key Findings…
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Coinbase collaborates with Yellow Card
Exciting partnership brings enhanced accessibility to cryptocurrency in emerging markets Introduction In a significant move to boost accessibility and adoption of cryptocurrencies, Coinbase, one of the world’s leading cryptocurrency exchanges, has announced an exciting collaboration with Yellow Card, a cryptocurrency exchange focused on emerging markets. This partnership marks a crucial step forward in expanding financial…
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CoinsPaid hit by USD 7.5 million cryptocurrency breach
Published on: October 15, 2022 Introduction In the latest incident of a cybersecurity breach, cryptocurrency payment provider CoinsPaid has fallen victim to a massive breach resulting in the theft of USD 7.5 million worth of cryptocurrencies. The breach highlights the constant challenges faced by the crypto industry in securing sensitive digital assets. CoinsPaid, a popular…
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NetCents partners with Worldpay
NetCents, a leading cryptocurrency payments company, has recently announced its partnership with Worldpay, a global leader in payments processing technology and solutions. This strategic collaboration aims to further enhance the adoption and usability of digital payments, including cryptocurrencies, across various industries worldwide. Expanding Payment Options As the adoption of cryptocurrencies continues to grow, it is…
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Revolut plans to suspend some of its UK crypto services
Revolut Crypto Services In a recent announcement, digital banking platform Revolut revealed its plans to temporarily suspend some of its cryptocurrency services for UK-based customers. The decision comes as the company faces increasing scrutiny from regulators who are concerned about potential risks associated with crypto investments. The move will impact services such as crypto withdrawals…
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US SEC says no to new crypto rules
Introduction The United States Securities and Exchange Commission (SEC) has recently announced its decision against implementing new regulations specific to the cryptocurrency industry. This decision comes as a blow to some investors and advocates who were hopeful for clearer guidelines surrounding digital assets. The SEC’s reasoning The SEC reaffirmed its stance of not requiring new…
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Cryptorefills’ Consumer Report explores crypto payment adoption
Cryptorefills, a prominent name in the crypto industry, has released its latest Consumer Report that delves into the adoption of crypto payments. The report provides valuable insights into the ongoing trends and challenges faced by both consumers and businesses in the crypto payment landscape. The Rise of Crypto Payments In recent years, cryptocurrencies like Bitcoin,…
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Coinbase to launch spot markets
Coinbase to Launch Spot Markets Coinbase, one of the leading cryptocurrency exchanges, has recently announced its plans to launch spot markets, marking a significant development in the crypto industry. This move is expected to further solidify Coinbase’s position as a key player in the digital asset marketplace. A spot market refers to a market where…