This is an opinion editorial by Seth For Privacy, a privacy advocate and host of the “Opt Out Podcast.” One of the most basic keys to improving your privacy on Bitcoin has long been avoiding the re-use of addresses for multiple payments. But while doing so may seem simple these days, with most wallets automatically generating new addresses for each…
Several Decentralized Finance (DeFi) cryptocurrencies including Aave (AAVE), Uniswap (UNI), Lido Finance (LDO), and Curve (CRV) have posted significant gains over the past 24 hours. AAVE, the native token of the popular cryptocurrency lending platform Aave, has jumped over 10% over the past 24 hours and is currently trading at just over $69, according to data from CoinMarketCap. Recently, Aave…
A Kenyan agency charged with tracing and freezing proceeds of crime said it recently obtained an order giving it the authority to freeze bank accounts belonging to Nigerian fintech Flutterwave. The agency alleges that Flutterwave is not providing merchant services as per claims, but is instead involved in money laundering activities. Deliberate Attempt to Obscure Movement of Funds Kenya’s Asset…
Virginia’s Fairfax County continues to be a prominent public institutional investor in the cryptocurrency space and is set to diversify its portfolio with a move into yield farming. As previously reported, global asset managers VanEck announced that the Fairfax employees’ and police retirement systems will invest $35 million into the firm’s crypto lending fund. It’s the latest investment move by…
Banking Circle, a European bank focused on cross-border payments, is adopting a major U.S. dollar-pegged stablecoin for payment rails. The firm officially announced on Friday the adoption of the USD Coin (USDC) on its platform as a payment acceptance, processing and settlement method. The new payment feature is enabled as part of Banking Circle’s new service targeting banks and payment…
Crypto exchange Binance has been registered as a virtual asset service provider (VASP) by the Bank of Spain. This allows the exchange to offer custody and crypto exchange services in the country legally. Binance said in an announcement on Friday that its Spanish subsidiary, called Moon Tech Spain, was registered as a VASP by the national central bank in Spain…
Leading crypto exchange Binance today announced that its Spanish subsidiary, Moon Tech Spain, was registered with the Bank of Spain as a Virtual Asset Service Provider (VASP) on July 7. “Moon Tech’s registration in Spain is an acknowledgment of the hard work and commitment of our teams to providing a platform that places user protection above all else,” said Binance…
Bitcoin (BTC) is on track for its biggest weekly gains since March, but not everyone is convinced the good times will last. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Crypto sentiment highest since early May Data from Cointelegraph Markets Pro and TradingView shows that at the time of writing, BTC/USD is up over $2,000 this week — nearly 12%. After…
A United States-based lobbying group has raised a voice against developing a central bank digital currency (CBDC) in the United States. The National Association of Federally-Insured Credit Unions (NAFCU) believes the project’s cost outweighs the “hypothesized benefits.” In a public letter to the U.S. Commerce Department, dated July 5, Andrew Morris, the senior counsel for research and policy at NAFCU, claimed…
Shiba Inu (SHIB) has grown stronger against its top “memecoin” rival Dogecoin (DOGE) in the last two months, in part due to the token’s periodic token burning events and a flurry of project announcements that promises to boost its utility. Why is the SHIB price rallying? In detail, SHIB/DOGE gained a little over 40% after bouncing from 0.0001120 on May…
