Santander Bank in the U.K. has become the latest high street bank in the country to block fund transfers to cryptocurrency exchange Binance. Recently, Barclays and Natwest banks reportedly made a similar move. A number of Santander Bank customers reported on social media that they have received an email from the bank stating, “We’re stopping …
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93K Users Scammed Into Buying Fake Cryptocurrency Mining Apps
Thousands of users were scammed into buying fake Android cryptocurrency mining apps, according to a California-based security firm. These apps are advertised as a way of earning money via mining cryptocurrencies, but in actuality they don’t perform any function. Instead, they charge the user for supposed improvements and enhancements to improve their currency throughput. 93K …
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Ethereum’s London Hard Fork Scheduled to Commence on August 4
The highly anticipated Ethereum hard fork is expected to launch on August 4 at block height 12,965,000 according to Ethereum core developers. The London hard fork will add five Ethereum Improvement Proposals (EIPs) that aim to enhance the blockchain. However, the Berlin hard fork was postponed after a vulnerability was identified by the audit company …
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Legacy US bank increases Bitcoin exposure via Grayscale Bitcoin Trust
A division of Chicago’s First Midwest Bank increased its Bitcoin exposure last month, a filing with the US Securities and Exchange Commission showed. BTC institutional watch: In an SEC filing today, First Midwest Bank Trust Division, based in Joliet, Illinois, reported holding 29,498 shares of Grayscale Bitcoin Trust as of June 30. Previously, it reported …
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The Billion Dollar Market Cap: True ownership for the internet!
Disclosure: This is a sponsored post. Readers are encouraged to conduct further research prior to taking any actions. Learn more › Remember the Million dollar website? Imagined and brought to live back in 2005 by Alex Tew, the concept was a simple yet powerful one. To raise money for his university education, Alex decided to …
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Vorto innovates gaming with tokens, play-to-earn, and more
We recently sat down with Vorto CEO Kris Vaivods to talk about how all of this is working, and what it means for the future of gaming. Vorto has been making important inroads into decentralized finance and blockchain applications recently. What do you see as having driven a lot of these extensions of your play-to-earn …
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Using Decentralized Digital IDs and Blockchain to Help Millions in Africa Get Identified
With over 1.3 billion inhabitants, Africa accounts for over 16% of the world’s population. However, the continent still falls short when it comes to providing its residents with legitimate or government-issued identification documents. As some studies have revealed, as many as 400 million Africans do not have the appropriate identification documents. Lack of Required Documents …
Binance CEO Changpeng Zhao Ponders Regulation: ‘Compliance Is a Journey’ in Crypto
Binance CEO Changpeng Zhao stated his take on the recent regulatory crackdown Binance is facing. In a blog post, Zhao explains Binance aims to comply with local regulations. However, he also stated cryptocurrency was a nascent industry, and there are a lot of uncertainties in the field. Binance has been getting a slew of warning …
Israeli Knesset Creates Special NFT for New President Isaac Herzog
Israel’s parliament, the Knesset, has become the first national legislature to release a non-fungible token. The special NFT has been created for the country’s new president, Isaac Herzog, who took office this week after his election in early June. Knesset Becomes First Parliament to Issue NFT Isaac Herzog received the token right before his inauguration …
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Cardano CEO: progress is exactly where it needs to be, Alonzo is coming
In a recent video, Cardano founder Charles Hoskinson gave an update on how Alonzo is progressing, and it looks as though things are right on track. “All things considered, velocity is exactly where it needs to be, the progress is exactly where it needs to be. Alonzo is coming,” he stated. The highly anticipated Alonzo …
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More than $1 billion spent on crypto-linked cards in 2021, VISA says
Visa announced its crypto-linked cards experience continues to grow as it records more than $1 billion spent in the first half of 2021. An American multinational financial services corporation facilitates electronic transactions via credit, debit and prepaid cards across the world and its announcement suggests a significant kickoff exposure rate for crypto that can only …
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11% of Central Bankers Consider ‘Cryptocurrencies Like Bitcoin’ Gold Alternatives: UBS Survey
A UBS survey finds that central bankers see benefits in investing in cryptocurrencies like bitcoin. 28% see benefits from cryptocurrency being an uncorrelated asset and “11% would consider it as an alternative to gold.” Central Bankers See Benefits in Investing in Cryptocurrencies Like Bitcoin The 27th Annual Reserve Management Seminar Survey by UBS explores the …
Yield App Launches DeFi Bitcoin Fund, Gives Users up to 12% APY
press release PRESS RELEASE. ESTONIA — JULY 8, 2021 — YIELD App, the decentralized finance (DeFi) wealth management platform bridging traditional and digital finance, is pleased to announce the launch of its Bitcoin Fund, allowing users to earn high-interest returns on the world’s biggest cryptocurrency, Bitcoin (BTC). This will consist of a base annual percentage …
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Visa and 50 Crypto Platforms to Enable Cryptocurrency Payments at 70 Million Merchants
Visa Inc. announced Wednesday that the transactions via crypto-linked Visa cards exceeded $1 billion in the first quarter. The company further said that it is partnering with 50 major cryptocurrency platforms “to launch card programs that make it easy to convert and spend digital currency at 70 million merchants worldwide.” Visa Announces $1 Billion in …
Bank of America Establishes Cryptocurrency Research Team
Bank of America has become the latest major bank to make a foray into the cryptocurrency sector. According to an internal memo, the bank has created a team dedicated to researching cryptocurrencies. Bank of America believes that it is “uniquely positioned to provide thought leadership” on cryptocurrencies and the technology behind them. Bank of America …
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