Tagged: digital currencies

February 2, 2022 @ 8:30 am By Omar Faridi  |  

Chivo, which claims to be the world’s first national cryptocurrency wallet, is currently operating with AlphaPoint white label infrastructure. AlphaPoint, which offers fast, scalable financial technology to institutions internationally, is helping El Salvador to provide financial services and access to Bitcoin for almost 4.5 million… Read More

February 1, 2022 @ 9:06 am By Omar Faridi  |  

Alan Lane, CEO at Silvergate Capital (NYSE:SI), has noted that the bank holding company aims to introduce a stablecoin by the end of 2022.  The plan has been revealed after the firm’s recent acquisitions of assets and intellectual property (IP) from Meta’s (Facebook) (NASDAQ:FB) crypto project… Read More

January 31, 2022 @ 6:10 pm By Omar Faridi  |  

The team at digital asset firm Kraken is pleased to confirm that their platform now supports staking for TRON (TRX) holders. You may head into the Earn section of your Kraken account to begin earning rewards on your TRX (as of January 28, 2022). Please… Read More

January 29, 2022 @ 10:46 am By Omar Faridi  |  

Paul Krugman, an American economist and public intellectual, who is Distinguished Professor of Economics at the Graduate Center of the City University of New York, has warned consumers about the volatile virtual currency markets. Krugman, a Nobel-prize-winning economist, has compared the fast-evolving cryptocurrency markets to the… Read More

January 28, 2022 @ 1:01 pm By Omar Faridi  |  

In 2017, the team at CoinTracker began “tinkering” with cryptocurrency. CoinTracker writes in a blog post that they set up accounts on several different exchanges and started using a bunch of digital wallets. The company points out that while exchanges and virtual wallets have made… Read More

January 26, 2022 @ 6:00 pm By Omar Faridi  |  

EarlyBird, the platform that aims to make it simpler for parents, family members, and friends to collectively invest in a kid’s future, has announced today the introduction of EarlyBird Crypto. Along with more traditional assets, parents may now choose to add Bitcoin (BTC) and Ethereum… Read More

January 26, 2022 @ 8:33 am By Omar Faridi  |  

American Express (NYSE: AXP) Chair and Chief Executive Stephen Squeri seems to have been proven right for his careful approach to introducing digital currency services via the payment company’s platform. In statements shared with Yahoo Finance, Squeri remarked: “What I’ve said from the beginning is… Read More

January 22, 2022 @ 1:56 pm By Omar Faridi  |  

New York City’s new Mayor Eric Adams has been criticized for using of his public office in an attempt to promote the cryptocurrency sector. An upstate New York environmental group, called Seneca Lake Guardian, has stated that creating and managing virtual currency tends to consume… Read More

January 21, 2022 @ 8:29 am By Omar Faridi  |  

Meta’s (NASDAQ: FB) two leading social media networks, Facebook and Instagram, are reportedly looking to enter the fast-evolving non-fungible token (NFT) sector. The tech giant will be focusing on making it seamless for Facebook and Instagram users to issue, trade and showcase their NFTs. As… Read More

January 21, 2022 @ 12:27 am By Omar Faridi  |  

Digital asset firm Gemini noted on January 19, 2022, that they’re acquiring Omniex, a trading tech platform that offers order, execution, and portfolio management system solutions for institutional cryptocurrency trading. As mentioned in a blog post, the acquisition enables Gemini to “publicly launch Gemini Prime,… Read More

January 10, 2022 @ 9:37 pm By Omar Faridi  |  

Zac Prince (Founder and CEO at BlockFi) and Flori Marquez (Co-founder and SVP of Operations at BlockFi), noted that  2021 was “not the year anyone predicted.” Prince and Marquez wrote in a blog post published by BlockFi: “Across the globe, we experienced challenges and joys… Read More

January 10, 2022 @ 12:47 am By Omar Faridi  |  

Sopnendu Mohanty, Chief Fintech Officer at the Monetary Authority of Singapore (MAS), notes in the Global CBDC Challenge 2021 Report that history has shown that currency is a protean concept. Mohanty points out that from livestock around 9000 BC, to the introduction of paper money around… Read More

January 4, 2022 @ 8:46 am By Omar Faridi  |  

Digital money transfer service ZEN.COM, which is reportedly powered by Mastercard (NYSE: MA), has introduced the conversion of fiat money into digital assets, as well as the “transfer of fiat currencies to any digital wallet servicing BTC, ETH or USD-T (ERC-20), with more currencies coming… Read More

January 4, 2022 @ 8:43 am By Omar Faridi  |  

Fintech Modulr, which supports a new digital payment account for businesses and is specifically building services for companies needing a faster, easier and more reliable way to move money, notes that when they analyzed the results from their Digital Now survey (looking at consumer “attitudes… Read More

December 31, 2021 @ 8:54 am By Omar Faridi  |  

The Financial Action Task Force (FATF) has reported that there are just 58 out of 128 reporting jurisdictions advising that they have implemented any of the updated FATF standards, including the “travel rule.” This reportedly aligns with what CipherTrace has found through their extensive work… Read More

December 28, 2021 @ 4:37 am By Omar Faridi  |  

On its face (or at surface level), 2021 may not have seemed like the year cryptocurrency “got serious,” according to an end-of-year update from Mastercard (NYSE: MA). The team at Mastercard noted that this year, we had Elon Musk sending Dogecoin (a virtual currency initially… Read More

December 26, 2021 @ 10:17 pm By Omar Faridi  |  

Bitcoin Depot is celebrating consistent growth this year as the firm looks ahead to 2022 in an update shared with Crowdfund Insider. Bitcoin Depot notes that consumers and retailers have increasingly been turning to their crypto ATM company for “secure, convenient, and fast transactions.” This… Read More

December 26, 2021 @ 6:37 pm By Omar Faridi  |  

FTX US, a US-regulated crypto exchange, announced that it has entered into a partnership agreement with Stratos Jets Charters Inc, a private jet charter broker based in Orlando, Florida. Via this partnership, Stratos will be accepting payments in crypto and fiat via the FTX Pay… Read More

December 26, 2021 @ 11:31 am By Omar Faridi  |  

Zcash, a cryptocurrency focused on privacy and anonymity, is currently available to trade on Okcoin – “with some of the lowest fees around.” Customers are able to “deposit, withdraw, and trade ZEC against USD on Okcoin.” All Okcoin clients may perform transactions with Zcash including… Read More

December 26, 2021 @ 1:38 am By Omar Faridi  |  

Dropp, which claims to be a cost-effective, digital micropayment transaction platform enabling payments both in fiat currency and cryptocurrency, announced new appointments: Richard Re and Robert Flohr. The duo will join Dropp’s advisory board comprising top Cloud computing and Fintech professionals. Dropp CEO and Founder… Read More