Tag Archives: AA News

Payment processing giant Mastercard is looking to dive deeper into the cryptocurrency industry. In line with this, the company plans to expand its consulting services with new practices focused on open banking, open data, crypto, and digital currencies, as well as Environment, Social & Governance (ESG). Navigating the Adoption of Digital Currencies According to the official press release, Mastercard stated that it aims to help financial institutions navigate the adoption...

Twitter is delving a step further into the crypto ecosystem, now allowing users to tip each other in Ethereum, alongside Bitcoin. The feature is currently only available on mobile. According to Twitter’s updated tipping policy, users who agree to it can “copy someone’s Bitcoin or Ethereum address and paste their address into whatever wallet [they] use.” In September, the platform introduced Bitcoin tipping over the lightning network, allowing users to connect their lightning...

American multinational company, PayPal, has revised its Seller Protection program to exclude non-fungible token (NFT) transactions that surpass $10,000. Limiting NFT Transactions According to PayPal’s Policy Updates page, NFT transactions valued at more than $10,000 are ineligible. The changes will come into effect from March 21 this year. A document further elaborating stated that items or transactions such as art, media, antiques, or collectibles, physically or digitally,...

Jared Polis – Governor of Colorado – recently announced plans to accept cryptocurrency for tax payments in his state. Taking a similar approach to Miami Mayor Francis Suarez, Colorado may even launch their own dedicated crypto token. Crypto Taxes In Colorado The governor revealed some of his crypto-adoption plans in an interview with CNBC on Tuesday. With a new piece of legislation called the Digital Token Act, his state will exempt crypto transactions from state securities...

Hollywood actor Ryan Reynolds believes that the cryptocurrency universe is developing as a “huge player.” However, he did not reveal whether he had allocated some of his wealth into the asset class. Reynolds Acknowledges Crypto With the rising popularity of bitcoin and the altcoins, the list of celebrities displaying their support towards the sector is constantly growing. The latest example is the renowned Canadian actor Ryan Reynolds. In a recent interview for Bloomberg...

The cryptocurrency trading platform Bybit became the Principal Team Partner of Oracle Red Bull Racing. The agreement is worth $50 million per annum over three years, bringing the total to $150 million. Bybit Joins The Formula 1 World According to a document seen by CryptoPotato, the Singapore-based digital asset exchange Bybit shook hands with Red Bull’s Formula 1 team. As a result, the company will serve as the Principal Team Partner of the racing squad. It will also aid Red...

BlockFi recently agreed to pay $100 million in a settlement after the U.S. Securities Exchange Commission (SEC) charged the firm with “failing to register the offers and sales of its retail crypto lending product.” The news that kept the space abuzz was broken by an SEC document, followed by a dissent note from Commissioner Hester M. Peirce – both put out on the SEC website. The Genesis of Trouble for BlockFi BlockFi has been offering interest-bearing accounts for crypto...

The leading cryptocurrency trading venue appointed Scott Bauguess as the newest member of its policy team. The American spent 11 years as a top executive at the US Securities and Exchange Commission (SEC). Another Veteran on Board Coinbase continues to expand its management unit by hiring the financer Scott Bauguess as Vice President for global regulatory policy. As such, he will coordinate the exchange’s interaction with watchdogs. Bauguess has experience with regulators...

A top official at India’s central bank recently reiterated warnings to Prime Minister Modi’s government about the risks cryptocurrencies pose to the country’s financial system. This time, he compared digital assets to “Ponzi schemes”, mirroring some investors’ long-held criticisms of the asset class. Crypto Is A Ponzi, Says RBI Governor T. Rabi Sankar of the Reserve Bank of India (RBI) offered his criticisms during a banking conference speech on Monday. As reported by...

Anthony Noto – Chief Executives Officer at SoFi Technologies Inc. – revealed he owns Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies. Nonetheless, he warned that investing in digital assets could be a double-edged sword as one could lose all their money or earn significant profits. Don’t Bet Everything on Crypto During his recent interview with CNBC, Noto disclosed he and his family hold different cryptocurrencies, including Bitcoin and Ethereum. However, it is a...