Tag Archives: AA News

The autonomous region of Portugal – Madeira – and Prospera – a jurisdiction on Honduras’ Roatán island – will reportedly adopt bitcoin as an official payment method inside their borders. Residents from both territories won’t have to pay capital gains tax when buying or selling the primary cryptocurrency. Following El Salvador’s Path Bitcoin’s global popularity and development received a significant boost last year when El Salvador became the first country to embrace the asset...

Kraken’s CEO decided to close the company’s headquarters in San Francisco after blaming the city for being incapable of ensuring public safety. San Francisco Is not Safe Jesse Powell, the CEO of Kraken, released a statement that the company has closed the headquarters office located in San Francisco “after numerous employees were attacked, harassed, and robbed on their way to and from the office.” The statement first appeared on the Internet via a tweet by Richie Greenberg, a...

The sanctions are a part of CBN’s efforts to discourage cryptocurrency usage and to firmly establish commercial restrictions on cryptocurrency trading. The Central Bank of Nigeria (CBN) has penalized three commercial banks in the country for failing to follow a directive from the regulation that prohibits consumers from transacting in cryptocurrencies. CBN’s Sanctions According to the latest Bloomberg report, the financial institutions were fined for breaching a...

The president of El Salvador – Nayib Bukele – canceled his appearance at the Miami Bitcoin conference. The leader explained that “unforeseen circumstances” in his home country require his presence. State of Emergency in El Salvador The ongoing Miami Bitcoin Conference will not see the presence of one of the biggest proponents of the leading digital asset – Nayib Bukele. In a letter, El Salvador’s president said he has made “the hard decision of canceling his participation” in...

FIS, the US fintech giant processing over $2 trillion in transactions annually across more than 100 countries, announced that its subsidiary, Wordplay, will be the first global merchant acquirer that allows its clients to settle payments directly through USDC, the stablecoin that pegs 1:1 to the US dollar. CryptoCom, the Singapore-based cryptocurrency exchange, will act as a pilot customer for transactions settled in USDC with Wordplay. A Continued Adoption of USDC Stablecoin...

Cryptocurrency security firm CertiK expands as a unicorn to join the ranks of blockchain-based businesses with a valuation upwards of $2 billion. CertiK is arguably the biggest blockchain security services provider in the field and has revealed a funding round of $88 million today. The company is valued at $2 billion following the latest round. The B3 was led by Insight Partners, Advent International, and Tiger Global, and it also saw participation from Goldman Sachs....

Samson Mow – former CSO at Blockstream – revealed the Bitcoin adoption plans of three different global jurisdictions on Thursday. One of them includes Mexico – where the nation’s president has extended an invitation to Mow to discuss the possibility. Spreading Bitcoin Adoption Worldwide Speaking on-stage at the Bitcoin 2022 conference, Mow explained how he’s spent the last month working on “Bitcoin nation-state adoption” ever since leaving Blockstream. He’s also launched a...

CashApp – the mobile payment service developed by Block – announced many major Bitcoin-related upgrades on Thursday. One of the new integrations allows users to automatically convert their incoming paychecks into Bitcoin. Another Wave of Bitcoin Features CashApp is quite familiar with Bitcoin and its surrounding technology already. It already allows users to purchase Bitcoin alongside stocks, and to send lightning network payments to wallets capable of receiving them. In...

The Ultimate Fighting Championship (UFC) announced it will distribute new bonuses for athletes that will be paid in bitcoin. The crypto awards will go to the top three fighters fans have voted for. Fight Night Bonuses in Bitcoin The UFC continues to engage further with the cryptocurrency industry. It disclosed new “Fan Bonus of the Night,” which will be awarded to athletes in the primary digital asset. The bitcoin payouts will range from $30,000 for first place, $20,000 for a...

Meta, the company behind Facebook, is reportedly trying to develop its own token – not a cryptocurrency – to support its ambition of connecting users through the Metaverse. More tokens may be developed to facilitate the realization of the project, the report outlined. The newly explored token is like ROBUX for another metaverse Roblox reported the Financial Times. A metaverse-specific currency, which is in the early planning stages, has been nicknamed “Zuck Bucks” by...