U.K.-based digital bank Revolut has been authorized by Cyprus to provide cryptocurrency services to millions of customers on the Old Continent. The fintech firm says the regulatory approval will allow it to establish a European crypto hub in the island nation. Revolut to Expand Crypto Services for Europeans From Cyprus A leader in the neobank sector, Revolut, has received approval…
The crypto community has poured in an impressive $54 million worth of crypto funds through “Aid For Ukraine,” aimed at supporting the country’s military efforts against Russia, the Ukrainian Deputy Prime Minister has revealed. The $54 million has been funneled in through the Ukrainian government-run initiative ‘Aid For Ukraine’, according to Ukraine’s Deputy Prime Minister Mykhailo Fedorov’s Twitter post on…
This is an opinion editorial by Peter Conley, a product advocate at Vercel. BlackRock partnering with Coinbase to offer bitcoin services is not just good for bitcoin, it’s great for bitcoin. Because bitcoin is for everyone — and I mean everyone; it’s not just for the plebs or the technologists or the “tech bros” or the cryptographers or the early…
The European Central Bank (ECB) says the introduction of digital cash in the form of central bank digital currencies (CBDCs) appears to be the “only solution” that will guarantee a “smooth continuation” of the current monetary system. The comments were made as part of an ECB Working Paper Series, which was published in August, discussing monetary policy and financial stability as…
Canada-based crypto exchanges Bitbuy and Newton are enforcing a $30,000 (CAD) annual “buy limit” for “restricted coins” for their users based in Ontario in order to “protect consumers” amid tightened regulations. Newton, a Toronto-based crypto exchange announced the new changes come after working on getting registered with the Ontario Securities Commission and the securities regulatory authorities in other provinces and territories of…
Between the U.S. Treasury Department sanctioning coin mixer Tornado Cash earlier this month, and the long-awaited Ethereum merge quickly approaching, blockchain technologists are increasingly concerned that government regulations could impact the fundamental operation of Ethereum and its post-merge proof-of-stake consensus mechanism. Coinbase CEO Brian Armstrong responded to a hypothetical scenario on Twitter today, saying that in the event of regulatory…
The Australian Football League (AFL)’s first limited edition drop of non-fungible tokens (NFTs) saw huge takeup on Wednesday, selling out in just under 12 hours. On Aug. 17, the football league launched “Ripper Skipper 2022” through its AFL Mint program, allowing people who joined the “allowlist” to purchase one of 3,800 packs reserved for the drop. AFL Mint Ripper Skipper…
This is an opinion editorial by Daniel Feldman, the CEO of Green Block Mining. In 2016, after I sold a gaming company that I founded with a high school friend to a group of former executives from Amaya/PokerStars, I was looking for the next thing to do. In 2017, I discovered bitcoin. I would argue with my brother-in-law and father-in-law…
A South Korean town near Seoul has been successfully operating a pilot program that allows police to seize crypto from the exchange accounts of individuals with delinquent traffic fines. Gunpo, a city of about 275,000 in the northwestern Gyeonggi province was selected by the national government to execute the pilot program in 2022 which an Aug. 16 report from the…
This is an opinion editorial by Nozomi Hayase Ph.D., who has a background in psychology and human development. From resistance against war to a social justice movement, activists have been engaged in uncountable hard fights. Their vigorous efforts, rather than bringing positive outcomes, seem to keep them in perpetual struggle. Now, a breakthrough in computer science has created a game…
