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The Central Bank of Russia (CBR) is preparing to release a digital prototype of the national fiat towards the end of 2021, a high-ranking official has confirmed. Transfers between private individuals will be free of charge with the digital ruble, which is going to have legal tender status on par with Russia’s traditional currency. Bank … Read more
Blockfi, a cryptocurrency lending platform, wrongly distributed a set of payments to a group of customers, who found deposits of up to 700 BTC in their accounts. While most weren’t able to withdraw these funds, in the confusion, other customers that applied for withdrawals are now being threatened with legal actions against them. Blockfi Messes … Read more
Australians have been learning more and more about cryptocurrencies but it turns out some myths and misconceptions are still widespread among the general public Down Under. As a most stunning example, over half of the participants in a new poll by Finder believe Elon Musk invented the first crypto network, Bitcoin. Finder Tests Australians With … Read more
The company said it expects to see 40% growth from Bitcoin payments in the first year. Go to Source Powered by WPeMatico
“We want our kids to be able to think independently about money,” said Eddie Yoon. Go to Source Powered by WPeMatico
The city of Williston of North Dakota has officially started accepting cryptocurrencies like Bitcoin for utility payments via BitPay. Go to Source Powered by WPeMatico
The Central Bank of Bahrain expects that its digital currency collaboration with JPMorgan and Bank ABC could extend to a CBDC. Go to Source Powered by WPeMatico
People’s Remedy, a growing chain of cannabis stores, has started accepting cryptocurrencies as a payment method, allowing their customers to use them as a fast, easy way of getting their products while taking advantage of the traits cryptocurrencies bring to the table. Unlike other stores, People’s Remedy assumes this symbiotic relationship between cannabis and crypto … Read more
Declaring BTC a store of value — e.g., gold 2.0 — but not a medium of exchange, defies logic. It must first have a use case. Go to Source Powered by WPeMatico
The Electronic Transactions Association (ETA) has put forward a set of guiding principles to be considered in the creation of a U.S. central bank digital currency (CBDC), also referred to as digital dollar. The organization, which unites hundreds of companies in the payments industry, confirms its commitment to ensuring access to financial services for all … Read more