PayPal CEO Calls on Crypto Industry to Work Closely with Regulators

Dan Schulman, CEO of PayPal believes that agreement is the key to play the game. According to him, there is no other way for the digital currency industry to thrive without working closely with regulators. The CEO stated: “Part of that foundational capabilities are regulatory compliance, full understanding of security, …

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 …

Russian Bank Plans to Launch Their Own Cryptocurrency

Sberbank, the Russian largest bank has planned to launch their own digital currency with a new law coming into effect in the country. The bank has also planned to launch a new blockchain platform for trading.  RBC, a Russian business news outlet reported on Monday that Sberbank is considering to …

Pizza Hut in Venezuela to Start Accepting Bitcoin for Pies

Pizza Hut, an American based popular pizza chain has begun accepting cryptocurrency payments in all stores in Venezuela. On November 27, a crypto service firm CryptoBuyer tweeted that Pizza Hut stotes in the South American national now accepts crypto as a form of payment for food and drinks. The initiatives …

Ukrainian Government Sponsors Crypto Courses for Their Citizens

The Ukrainian Ministry of Digital Transformation has published a series of courses to educate citizens about cryptocurrencies, blockchain, and Bitcoin (BTC). The educational show went live on Wednesday and was developed in partnership with Binance, Hacken, and Crystal Blockchain as part of the Ukrainian government’s “Diia.Digital Education” program. The series …

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 …

South Korea to Delay Crypto Tax Rules

The South Korean National Assembly has planned to postpone the implementation of new income tax laws on crypto gains following requests from industry experts figures. Korean news site DongA reported that the 20% tax, originally due to be imposed from December 2021, will not be coming into action until January 1, 2022.  …

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 …

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