Archives for: January 12th, 2022

Cash App adopts Lightning Network to speed up Bitcoin transactions

Written by: ( January 12, 2022 )

Cash App, the popular mobile payment service, has included the Bitcoin Lightning Network in a new update. This allows for faster and more affordable Bitcoin (BTC) transfers via layer-two (L2) payments protocols. Block (formerly Square) is the FinTech company behind Cash App. It was founded by Jack Dorsey, the founder and former CEO of Twitter. […]

PayPal may be interested in launching its own cryptocurrency

Written by: ( January 10, 2022 )

In 2020, PayPal allowed its users to buy and sell cryptocurrency. Then, in 2021, PayPal introduced another feature that allows users to withdraw cryptocurrency and move them into third-party wallets. Now, something else may be coming. PayPal may launch its own cryptocurrency. PayPal has announced that it is exploring the possibility of launching its stablecoin. […]

Norton 360 antivirus software comes with a cryptocurrency miner

Written by: ( January 6, 2022 )

Surprising to most, Norton 360 antivirus comes with a cryptocurrency miner. It is not activated by default but is automatically installed with the antivirus software. Most users don’t realize that it’s there. Although crypto-miner was first available to some users in July 2021, it is now being offered to more people. Norton started a larger […]

Cryptocurrency scammer who took in almost $3M arrested in Spain

Written by: ( January 4, 2022 )

Spain’s Civil Guard contingent in the city of Valencia has arrested one of Europe’s biggest fraudsters for making false investments in cryptocurrency. The case involves a 45-year old man accused of seven charges of money laundering and fraud. The sum of all the assets that were blocked, including vehicles and bank accounts, was more than […]

Bitcoin is now officially 13 years old

Written by: ( January 3, 2022 )

Today marks 13 years since Bitcoin (BTC) was officially launched. It was created after the Genesis Block was mined. Although the BTC whitepaper was published by Satoshi Nakamoto, the pseudonym used by Bitcoin’s creators, on October 28, 2008, many believe its mint date, January 3, 2009, is the cryptocurrency’s birthday. Despite a ban from China, […]

Israeli banks must accept profits from cryptocurrency transactions

Written by: ( December 31, 2021 )

The central bank of Israel informed local banks they must accept cryptocurrency profits from account holders. According to reports, the Bank of Israel (BoI) has instructed local banks that they will need to accept the profits of digital asset ventures, provided the money source is not connected to criminal activities. This procedure is meant to […]

Binance approved to launch cryptocurrency ops in Bahrain, Canada

Written by: ( December 29, 2021 )

The financial regulator in Bahrain has given Binance, the largest cryptocurrency exchange in the world, its green light. That gives the exchange access to what could ultimately be a very lucrative market. In addition, Binance has secured entry into Canada’s cryptocurrency future with approval in the country, as well. Binance received in-principle approval by the […]

Gibraltar may become a true cryptocurrency trading exchange

Written by: ( December 28, 2021 )

Gibraltar, the British overseas territory and one of only a few to remain as part of the UK, was once seen as a tax haven. However, it might soon make history by becoming the first global hub for cryptocurrency trading. As The Rock, as it’s known, continues to find autonomous control, it is rumored to […]

Cryptocurrency exchange Binance fined in Turkey over AML failings

Written by: ( December 27, 2021 )

Binance Turkey, part of the Binance global cryptocurrency exchange company, has been fined eight million lire (nearly $750,000) by the Financial Crimes Investigation Board (MASAK). The exchange failed an audit of the financial watchdog for anti-money laundering (AML) compliance. MASAK, Turkey’s financial intelligence unit, found Binance’s Turkey operations guilty of breaking laws to prevent money […]

Paraguay could be next Latin American country to embrace cryptocurrency

Written by: ( December 23, 2021 )

The Senate of Paraguay approved last Friday a new cryptocurrency bill. These provisions, first introduced in July, define key terms such as virtual assets and require licenses to mine cryptocurrencies. They will now be sent to the Deputy Chamber. The bill’s sponsor, Senator Fernando Silva Facetti, revealed that the bill was passed by the Paraguayan […]