US Regulators wants Banks to Stop Blacklisting Legal Businesses, including Crypto

As per the announcement, the Office of the Comptroller of the Currency, or OCC, is looking for public comments on rulemaking that would stop banks from rejecting services to businesses based on sector. According to the words of Comptroller Brian Brooks, “Blanket boycotts of entire industry sectors have to stop.” Brooks …

Thai Musical Festival Adopt Blockchain for Cashless Payment

Even though Covid-19 is an ongoing pandemic, some global events have decided to move forward as planned. Instead of canceling, they are planning to work on limited contact between attendees and management using new technologies. One such solution involves a cashless payment system supported by blockchain. Mystic Valley, one of …

Binance Sues Forbes and Two Crypto Journalists

A new lawsuit has been filed in the state of New Jersey by Binance against Forbes Media and two of its journalists Michael del Castillo and Jason Brett, claiming that an article published under the title “Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme To Evade Bitcoin Regulators” was abusive. …

Bitcoin Will Trade at $318,000 Says Citibank Executive

Tom Fitzpatrick, head of Citifxtechnicals product, Citibank predicts that the price of Bitcoin will peak at $318,000 by end of 2021. However, he says that his prediction might seem unlikely to happen, he mentions that such a surge will still be the weakest rally for the cryptocurrency while compared to …

New York-Based Airport Initiates Blockchain-based Coronavirus Cleanliness App

Albany International Airport has started experimenting with the “Wellness Tace App” to track the cleanliness of the surfaces and objects inside the airport. The platform is built by General Electric Co. (GE) in partnership with TE-FOOD and Eurofins. The app aims to provide a safe travel experience during and after …

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 …

Ripple CTO Loses $350k Trading altcoins

David Schwartz, Chief Technology Officer, Ripple has stated that he has lost more than $300,000 investing in altcoins. According to a post on Quora, the CTO was found answering a question “Have you lost money trading in bitcoin and any other cryptocurrencies?” Schwartz joined the conversation and said that he …

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 …

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