Latest Cryptocurrency News

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Visa and BlockFir Plans to Launch Bitcoin Rewards Credit Card

Visa and BlockFi have partnered to launch a new credit card that will reward users with Bitcoin (BTC). The initiative aims to boost the mainstream adoption of cryptocurrency. BlockFi, a New-York based startup specializing in crypto-backed loans and savings accounts, announced the partnership on Tuesday. Bloomberg also reported that the …

IOTA to Launch Internet of Things and Blockchain Research Lab

The IOTA Foundation has announced that they will be collaborating with one of Austria’s most prestigious universities Christian Doppler Laboratory, or CDL, as an industrial partner to foster research in distributed ledger technologies. The laboratory is housed at the Vienna University of Technology and called the CDL Blockchain Technologies for the …

Africa’s Largest Economy is Trending for Crypto Adoption

Nigeria’s Finance Ministry is conversing with the country’s securities regulator to develop a new framework for blockchain and cryptocurrencies. It is expected that this move would accelerate adoption in Africa’s largest economy.  Business Day, a Nigeria-based publication reported that the Ministry of Finance is working closely with Abuja-based Securities and Exchange Commission …

PayPal’s New Crypto Services to Streamline Business Adoption

CEO of PayPal believes that cryptocurrencies are on the edge of becoming mainstream adoption as more businesses and consumers are gathering for “digital payments and digital forms of currency.”  During an interview with CNBC, Dan Schulman, Paypal CEO said the COVID-19 pandemic has boosted the shift to digital forms of payments. PayPal …

Cybercriminals attack GoDaddy-based Digital Currency Platforms

According to the reports, KrebsOnSecurity announced that various crypto platforms hosted through GoDaddy have been hacked over the past week by hackers. The attacks began on or around November 13th on cryptocurrency trading platform liquid.com Mike Kayamori, CEO of Liquid said that GoDaddy incorrectly transferred control of the account and domain to a …

PayPal’s Crypto Trading Feature is Live Now

According to PayPal’s recent announcement, the worldwide online payment company has launched its cryptocurrency trading and payments platform. The online system will be available for all eligible customers in the United States. PayPal mentioned that it has ended its waitlist for customers looking to use cryptocurrency in the U.S. trading …

Chinese Major Bank Sells Bonds Worth $3 Billion for Bitcoin

China Construction Bank, one of the top 4 banks in China, is selling $3 billion bonds which can be purchased using bitcoin. The bonds will be listed on a regulated Malaysian cryptocurrency exchange.  According to the South China Morning Post, this is the first digital security issued by a Chinese …

Lebanon Plans to Launch Its Own Cryptocurrency

Central Bank of Lebanon, has announced that it is planning to launch a new cryptocurrency in 2021 as part of a deep effort to resist a parallel economic and financial crisis that has sunk the country. Riad Salameh, governor of the central bank said that “We must prepare a Lebanese …

Microsoft Employee Sentenced to Nine Years On Bitcoin Scam

A former Microsoft employee has been charged with nine years for stealing more than $10 million in digital currency from his past employer in the form of currency stored value (CSV) including gift cards. Volodymyr Kvahuk (26), a Ukrainian citizen residing in Washington, used his colleagues’ accounts and credentials to …

Zuckerberg Calls for Community Self-Governance

Mark Zuckerberg, Facebook CEO stated that the digital world needs oversight, highlighting government regulation as a potential solution but calling community self-governance “another and perhaps even better way.” Zuckerberg’s Facebook post added: “One of the big questions for the next decade is: how should we govern the large new digital communities that …