Enterprise payment platform Tribal Credit has partnered with Latin American crypto exchange Bitso and the Stellar Development Foundation to create a new cross-border payment service for businesses, opening the door to broader use cases for blockchain technology in the region. The new service, which is geared towards small- and medium-sized enterprises, enables companies in Mexico to pay for goods and…
CleanSpark will implement immersion-cooling systems in its 20 MW Norcross, Georgia, farm.The company said it expects the move to lead to a 20% increase in mining efficiency.Liquid immersion cooling has been demonstrated to yield greater hashrate capacity than air cooling, the current industry standard. Bitcoin miner CleanSpark will implement a 20-megawatt (MW) immersion-cooled project at its Norcross, Georgia, facility, the…
Members of Parliament (MPs) in the United Kingdom have called upon the Financial Conduct Authority (FCA) to limit the use of the word “invest” and “investment” by cryptocurrency firms for promotional purposes. According to a Dec. 9 report in The Times, MPs at the treasury select committee told FCA chief Nikhil Rathi that the use of the word “your investment”…
$100,000 Bitcoin (BTC) and $2,000 gold could greet 2022 as global markets face “deflationary forces,” says Bloomberg Intelligence. In a tweet on Dec. 9, Mick McGlone, a senior commodity strategist at Bloomberg’s research arm, forecast that next year would be good for both gold and BTC. “Positive ramifications” for Bitcoin thanks to deflation As inflation makes headlines worldwide this month,…
Meta’s crypto project Novi announced today that a “limited number of people in the U.S.” will be able to send cryptocurrencies through WhatsApp. “There’s a new way to try the Novi digital wallet,” said Stephane Kasriel, Novi’s project lead. “Starting today, a limited number of people in the U.S. will be able to send and receive money using Novi on…
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) Amid last weekend’s crypto carnage, LUNA looked like the only safety net for investors. When Bitcoin fell more than 18% and Ethereum fell roughly 17% between Friday and Saturday, LUNA dropped too—but one day later, on Sunday, the token mounted an impressive rally and hit a new high of $77.73…
Despite some senators in the United States opposing Meta launching its digital currency products, the development of the social media giant’s digital wallet, Novi, continues apace. Stephane Kasriel, the head of Meta’s cryptocurrency and fintech unit Novi, officially announced on Dec. 8 that Meta’s messenger subsidiary WhatsApp has started testing transactions through Meta’s Novi wallet. According to the exec, the…
Joseph Delong, the chief technical officer of the popular Ethereum-based decentralized exchange (DEX) SushiSwap, has quit his role effective immediately. Delong took to Twitter to announce his departure from the project on Wednesday, saying he’s taking a month-long vacation with the family before launching a new project. In the interest of the Sushi Community I am resigning as CTO effective…
Software pirates looking to score a free copy of Microsoft Windows are running afoul of malware-riddled “activation tools” that empty their crypto wallets. According to security research firm Red Canary (via PC World), infections of systems with the well-known Cryptbot malware have been traced back to a fake KMSPico installer—a tool used by software pirates to activate the full features of…
Kazakhstan, one of the world’s largest countries in terms of Bitcoin (BTC) mining hash power, is continuing to explore a potential central bank digital currency (CBDC). The National Bank of Kazakhstan has completed a prototype of a digital tenge platform, governor Erbolat Dossayev announced, according to a report by local news agency Kazinform. The central bank is now preparing to…
