Tagged: virtual currencies

December 2, 2021 @ 10:27 am By Omar Faridi  |  

Digital assets firm Kraken notes that the beauty of the Bitcoin (BTC) network is that “anyone can participate in it without permission.” However, primarily out of convenience, most Bitcoin users “don’t run nodes and instead trust third parties such as centralized exchanges and wallet providers… Read More

November 30, 2021 @ 8:30 am By Omar Faridi  |  

Crypto.com Exchange has announced that it’s working with Silvergate, the provider of financial infrastructure solutions to the virtual currency industry, in order to introduce USD deposits and withdrawals to its institutional clients. As mentioned in an update shared with CI, this integration is “an additional… Read More

November 25, 2021 @ 11:10 am By Omar Faridi  |  

Regal has teamed up with Flexa to support virtual currency payments for movies and more. Using Flexa, Regal patrons are able to purchase tickets and concessions using dozens of digital currencies at more than 500 theatres. Regal, which operates as a subsidiary of Cineworld Group… Read More

November 8, 2021 @ 10:25 am By Omar Faridi  |  

Digital banking platform innovator Technisys recently formed a partnership with OkCoin, a globally-accessible crypto exchange serving 190 countries, in order to help traditional banks with supporting Bitcoin (BTC) and other virtual currency services — “enabling banks to elevate the customer experience and uncover new revenue… Read More

October 27, 2021 @ 4:16 pm By Omar Faridi  |  

Decred (DCR), a virtual currency that prioritizes security and scalability, has announced a new governance milestone. As mentioned in an update shared with Crowdfund Insider, voter participation reached 77% for a proposal, which reportedly took place on the initiaitve’s off-chain proposal system, Politeia. This development… Read More

October 24, 2021 @ 4:04 pm By Omar Faridi  |  

The team at digital assets firm Binance notes that the crypto and blockchain industry has grown considerably during the past few years, both from a technology adoption and “new user perspective.” When they launched Binance, they decided that it would be their “unwavering” commitment to… Read More

October 21, 2021 @ 2:33 pm By Omar Faridi  |  

Cboe Global Markets, Inc. (Cboe: CBOE), a provider of international market infrastructure and tradable products, has entered into an agreement to acquire Eris Digital Holdings, LLC (ErisX). ErisX operates a US-headquartered digital asset spot market, a regulated futures exchange and a regulated clearing house. Ownership… Read More

October 14, 2021 @ 8:00 pm By Omar Faridi  |  

We recently caught up with Domenic Carosa, Founder and Chairman at Banxa (TSX: BNXA), which powers one of the largest digital asset platforms by offering payments infrastructure and regulatory compliance across international markets. Banxa’s goal and vision is to develop the bridge that offers consumers… Read More

October 4, 2021 @ 8:33 am By Omar Faridi  |  

Catherine Gu, Global CBDC Product Lead at Visa (NYSE: V) writes in a blog post that you should try imagining splitting the check with your friends, like when everyone at the table may be using a different “type of money” — some using a central bank… Read More

September 29, 2021 @ 9:23 pm By Omar Faridi  |  

BitPay, an established provider of cryptocurrency payment services, and Verifone, an international Fintech platform and payment solution provider to major retail brands, have announced the extension of BitPay’s blockchain payment tech to enable consumer crypto  payments on Verifone’s in-store and eCommerce Cloud Services platforms in… Read More

September 29, 2021 @ 9:53 am By Omar Faridi  |  

YouHodler, a Fintech platform that assists consumers with accessing the benefits of the crypto economy, has reportedly added support for Polkadot (DOT), Tezos (XTZ), TRON (TRX) and Aave (AAVE) tokens. YouHolder also noted in a release shared with Crowdfund Insider that they’ve established a 100%… Read More

September 8, 2021 @ 11:17 am By Omar Faridi  |  

Fluency, a company that’s introducing a proprietary central bank digital currency or CBDC-focused blockchain enterprise platform, has received $1.3 million as part of a seed funding round from Europe-based investors (at a $23.5 million pre-money valuation). In statements shared with Finextra, Fluency Chief Executive Inga… Read More

August 30, 2021 @ 10:10 am By Omar Faridi  |  

The Monetary Authority of Singapore (MAS), the nation’s central bank and financial regulator, revealed on August 30, 2021 that 15 finalists were selected for the international competition to create a retail Central Bank Digital Currency (CBDC) solution (Global CBDC Challenge). The finalists include financial institutions,… Read More

August 14, 2021 @ 1:15 pm By Omar Faridi  |  

A blockchain analytics tool has reportedly been introduced on the dark web, enabling Bitcoin or BTC addresses to be checked for “links to criminal activity.” Known as Antinalysis, it allows cryptocurrency launderers to test or determine whether their funds will be “identified as proceeds of… Read More

August 11, 2021 @ 11:53 am By Omar Faridi  |  

Blockchain analysis firm Chainalysis is pleased to confirm that they now cover the world’s “premiere” memecoin: Dogecoin (DOGE). Once considered “nothing more than a light-hearted joke,” Dogecoin has become one of the “world’s most popular crypto assets, thanks in part to cheerleaders like Elon Musk… Read More

August 3, 2021 @ 9:35 am By Omar Faridi  |  

Digital currency exchange Independent Reserve revealed on Monday (August 2, 2021) that it had acquired an “in-principle approval” letter for a Major Payment Institution License in Singapore from the Monetary Authority of Singapore (MAS) under the Payment Services Act (PSA) “to operate as a regulated… Read More

July 29, 2021 @ 3:03 pm By Omar Faridi  |  

Decred (DCR), a virtual currency that places a lot of emphasis on security as well as scalability, reveals that there’s been a passage of a vote to enhance the protocol’s base layer user experience (UX). As mentioned in a release shared with Crowdfund Insider, the… Read More

July 25, 2021 @ 2:04 pm By Omar Faridi  |  

Compliant crypto firms realize or know what it takes to keep their platforms safe: They have to carry out KYC checks on clients, monitor transactions for counterparty risk, and submit suspicious activity reports or SARs when they see suspicious activity, Chainalysis notes in a blog… Read More

July 17, 2021 @ 4:26 pm By Omar Faridi  |  

Leading blockchain analysis firm Chainalysis has released an update titled, “Not All Blockchain Analysis Providers Are the Same and Other Insights from FATF’s Second 12-Month Review.” The Financial Action Task Force (FATF) is the inter-governmental entity that’s responsible for establishing international standards relating to anti-money… Read More

July 13, 2021 @ 10:44 pm By Omar Faridi  |  

The Philippine Stock Exchange (PSE) is currently seeking regulatory approval to begin offering cryptocurrency trading, PSE President and CEO Ramon Monzon thinks that the bourse can offer an ideal platform for facilitating digital currency trading because of its robust trading infrastructure and established customer safeguard… Read More