Incomm Payments, a global payments provider with over 500,000 points of distribution, has entered into a partnership with Flexa that allows merchants to start accepting cryptocurrency payments in Bitcoin (BTC), Ether (ETH) and dozens of other digital assets. Stefan Happ, Incomm Payments’ president, said the new partnership will enable merchants to capitalize on growing retail …
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Socios, the blockchain-based platform responsible for tokenizing many popular sports franchises, has said the Boston Celtics basketball team will be joining its roster. In a Wednesday announcement from the National Basketball Association, Socios said it will have a significant presence on the Celtics’ website. Though the platform did not specifically mention it would be tokenizing …
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Terra, an algorithmic stablecoin platform for savings, investments and payments, is joining forces with the Harmony blockchain to pursue new DeFi initiatives focused on programmable money and other so-called financial primitives. Under the new partnership, which is described as a “deep integration” initiative, Terra will integrate Harmony on its Shuttle Bridge platform, a web front-end …
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Data from analytics firm Chainalysis shows that in May, Nigerians received a marked increase in crypto compared to last December. Observers say this is partly due to the central bank’s recent currency devaluation, which weakened the naira to its lowest ever level against the dollar. The resulting boom in crypto activity lends support to the …
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South Korean banks are taking steps to bring cybersecurity to a new level as they try to keep up with fintechs and address new threats arising from their interaction with the crypto space. A number of institutions are adopting unprecedented measures including the integration of blockchain technologies, Korean media reported. South Korean Banks Boost Cybersecurity …
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On Wednesday, the full-service entertainment company founded by influential hip-hop artist Jay-Z, Roc Nation, revealed the firm has purchased tokens from the Sensorium Corporation. The tokens Roc Nation bought are called senso (SENSO), the in-platform currency of Sensorium Galaxy, an entertainment-focused metaverse that fuses cryptocurrencies with virtual reality (VR). Roc Nation Enters Sensorium’s Blended World …
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The eccentric 75-year-old cybersecurity tycoon John McAfee’s death has spurred a lot of controversy and speculation since he passed. Now McAfee’s widow Janice McAfee is speaking out and she doesn’t believe the mainstream media’s reports of her husband’s suicide. Moreover, reports now say that McAfee was carrying a suicide note in his pocket when he …
sponsored 2021 continues to bear witness to the continual rise in non-fungible token (NFT) prevalence and innovation. Following on from 2020 – where the NFT market was claimed to have tripled in total transaction value – NFT sales in just the first quarter of 2021 reached over a whopping $2 billion. As the NFT market …
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The Spanish Congress has approved the antifraud law that was amended last month by the senate. Spanish citizens must now inform about their crypto holdings even outside the country. The new law further establishes severe fines for citizens who fail to share this information with authorities. A limit on how much money citizens can pay …
Investment banking giant UBS is issuing a dire warning to investors who are looking to put their capital in the crypto markets. The global wealth management team of UBS says in a note that the prices of crypto assets could fall drastically as a result of regulators clamping down on what it deems a “speculative …
My colleague, Elias Simos, likes to say we’re living through a digital asset renaissance, including the digitization of non-digital asset value. Decentralized solutions to a myriad of financial and peer-to-peer obstacles are flourishing, but many innovators and entrepreneurs are still tied to old models of building the projects. Some platforms, such as Polkadot and Cosmos, …
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Given nonfungible tokens’ (NFT) ability to digitally represent a wide set of assets, the underlying technology has found itself with numerous use cases including property and digital collectibles. One of its newest use cases comes from Israel, where the government has decided to welcome President-elect Isaac Herzog with an NFT oath. The NFT is a …
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Bitcoin (BTC) took a stab at key resistance around $36,000 on Wednesday as anticipation built around a breakout. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC breakout means first stop: $39,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD repeatedbly tapping but failing to flip the $35,000 mark on Wednesday. The largest cryptocurrency rebounded from …
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Trading platform Robinhood could lose a significant revenue source should the United States Securities and Exchange Commission move to ban the controversial payment for order flows (PFOF) — routing retail trading orders to market makers. Brokers like Robinhood often use the practice to offset trading fees, thus providing zero commission trading to its retail customer …
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Ripple XRP is a crypto whose popularity has skyrocketed this year. XRP’s uptrend this year was, however, short-lived after the coin suffered under the pressure of the May market crash. However, XRP bears are currently not very strong, and it is consolidating at the current levels. XRP is trading at $0.67 on major exchanges at …
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