Tag Archives: News

Wells Fargo is making a major “donation” to the cryptocurrency community. The venture division of one of the world’s largest and most prominent banking institutions is putting $5 million into a startup called Elliptic, which is dedicated to providing risk management solutions for cryptocurrencies.Wells Fargo Is Pushing Crypto FurtherIn a statement, James Smith – the CEO of Elliptic – explained:We are proud to announce Wells Fargo’s investment in Elliptic. The partnership with our bank...

Telegram investors and developers created a foundation within the TON ecosystem to defend the project from the SEC. The TON Foundation participants, not Durov brothers, will manage funds and code.While the SEC is preparing to destroy Telegram for avoiding the U.S. securities law, Telegram keeps receiving help from unexpected parties. This time, Telegram’s key investors have formed a circle for coordinating the development of the network. They have no connection to Nikolai Durov and Pavel...

Bitcoin payments need to become more prominent if the cryptocurrency is ever to reach mainstream status. Block Fi has recently developed a new mobile payments solution that could potentially make bitcoin payments a normal, everyday thing.Block Fi Develops New Crypto Banking ServiceOne of the big problems surrounding bitcoin and other cryptocurrencies is that many companies have been reluctant to accept them as means of payment. Thanks to their volatility and price swings, many enterprises and...

The Department of Justice (DOJ) has brought forth its first case regarding the crime of bitcoin and crypto mixing. 36-year-old Larry Harmon of Akron, Ohio, has been charged with operating a company known as Helix, a dark web marketplace designed to “clean” illicitly garnered cryptocurrencies by mixing them with others.Harmon Has Been Operating Helix for Some TimeThe process can be somewhat complicated depending on how large the initial sum is. If you have several bitcoins, or you were...

Binance through its official blog page has outlined its future vision and mission as an open platform through which other businesses can use to grow.Binance has announced through its blog page that it’s working to build its company as an open platform in the future. According to the blog post, the crypto exchange, which offers both centralized and decentralized blockchain services, is working to make the company more decentralized to give access and freedom to its users.The crypto exchange...

It looks like bitcoin ATMs are becoming far more popular. Companies like Coinsource, which provides bitcoin ATMs to regions throughout the U.S., claims it earned more than $50 million in 2019, more than double what it garnered during the previous year, and things are only looking up.Coinsource Is Giving the Crypto ATM Arena the Boost It NeedsOne of the reasons Coinsource is experiencing such growth is likely due to its latest tactic of going to standard fiat ATM providers and helping them to...

The Reddit r/bitcoin forum doesn’t seem to be mentioning the bitcoin price much, these days.Reddit Isn’t Helping BTC Much, AnymoreThe bitcoin subreddit has come a long way since 2013. At the time of writing, it’s up to 1.3 million subscribers, which is more than double than the numbers seen during the time of bitcoin’s 2017 all-time high.Nic Carter – a partner at Castle Island Ventures – asked a few years ago on Twitter:Does anyone else remember the ‘bitcoin: magic internet money’ MS Paint ad...

Bitcoin IRA – a company that allows its clients to invest in cryptocurrency units like bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and bitcoin cash (BCH) – is making it easier to retire off one’s digital holdings. The company has announced that all fees will be lowered by a whopping 25 percent now that 2020 has arrived.Bitcoin IRA – Saving You Some MoneyBitcoin seems to go back and forth between mainstream and obscure. For example, yesterday, when the “crypto presidential candidate” Andrew...

After tweeting about a problem with PayPal and SquareCash, the CEO of Coinbase Brian Armstrong has been offered a solution by Ripple-backed Moneygram.Many traditional financial institutions are against the cryptocurrency sector. Unsurprisingly, several of these institutions go out of their way to stifle any transactions passing through their corridor, which has any bearing with cryptocurrency. Another occurrence has happened between PayPal and the Coinbase CEO, which sparked a lot of...

Swedish telecom company Ericsson claims it will be a leader in rolling out the 5G network across the world, though Huawei continues making big progress.Swedish telecom equipment maker Ericsson claims leadership over Chinese giant telecom company Huawei in 5G network rollout across Europe and also in other continents. This was according to a statement from the company during its pre-MWC briefing in London, which happened after the cancellation of the Barcelona Mobile World Congress due to the...