Users of crypto wallet MetaMask are now a step closer to a smoother experience when buying cryptocurrency. Thanks to an updated integration with fintech partners Banxa, MetaMask users can now buy Ethereum and other cryptocurrencies using Apple Pay’s “1-click” service. The two firms announced working together in February and today’s news is an update to the integration. Of the eight…
Month: August 2023
FedNow showcases DLT-powered payments system as service provider
The United States Federal Reserve’s instant payment system called FedNow has added a company powered by the distributed ledger technology (DLT) platform Hedera Hashgraph to its list that showcases service providers. On Aug. 14, FedNow’s official website added Dropp, a micropayments platform built on Hedera, to its FedNow Service Provider Showcase section. The section aims to connect financial institutions and…
British regulator discloses crypto registration stats
Since January 2020, almost three hundred crypto companies have applied for registration with the principal financial regulator of the United Kingdom, the Financial Conduct Authority (FCA). Only 13% of them successfully obtained a permit to operate in the country. On August 11, the FCA published a response to a right-to-know request, whose author remains unnamed. The request considered four questions…
Argentina’s New President Javier Milei Is Pro-Bitcoin–What Does That Mean?
Yet another far-right politician has backed Bitcoin. In an unexpected victory, presidential candidate Javier Milei, known for his pro-Bitcoin and libertarian economics, earned the top spot in Argentina’s primary yesterday. Milei and his coalition, La Libertad Avanza, raked in over 30% of the votes, beating second-place contender, the center-right coalition, Juntos Por El Cambio, by slightly less than a 2%…
Anthropic AI raises $100m from South Korea to bolster telecommunications industry
Artificial intelligence (AI) developer Anthropic announced on Aug. 13 that it is receiving an additional $100 million in investment from the South Korean telecommunications giant SK Telecom. According to the announcement, the investment comes alongside a collaboration between the two companies in order to develop a multilingual large language model (LLM) for the Telco AI Platform. The forthcoming LLM will…
BTC price breakout by end of August? 5 things to know in Bitcoin this week
Bitcoin (BTC) is painting a classic August picture as it starts the new week — volatility is nowhere to be seen. In a continuation of some of the quietest BTC price action ever seen, the largest cryptocurrency remains locked in a narrow trading range below $30,000. Whether it be long or short timeframes, Bitcoin is giving market observers cause for…
Meme Coins PEPE and SHIB Rally Double Digits on the Week
Meme coins Pepe (PEPE) and Shiba Inu (SHIB) are among the market’s biggest bulls in the past week, with both tokens soaring double digits over the span. PEPE is currently up 22.5% on the week, changing hands at $0.00000142, according to data provided by CoinGecko. The asset is also up 6.9% over the past 24 hours, hitting a three-week high…
PayPal to roll out Cryptocurrencies Hub for select users
Payments giant PayPal, soon after launching the dollar-backed stablecoin PayPal USD (PYUSD), updated its terms and conditions to introduce Cryptocurrencies Hub — a feature that allows users to hold and interact with Bitcoin (BTC) and cryptocurrencies in their PayPal account. The latest PayPal terms and conditions detail the prerequisites for crypto users interested in using the platform for cryptocurrencies. The…
Pro-Bitcoin Javier Milei wins most votes in Argentina primary election
An Argentinian politician with a knack for supporting Bitcoin and calling for the abolishment of his country’s central bank has taken the lead in the country’s presidential primary elections. With over 90% of the votes counted, libertarian pro-Bitcoin (BTC) candidate Javier Milei is currently leading with nearly 32% and is trailed by the conservative Together for Change (Juntos por el…
Coca-Cola gest Based, Reddit avatars reach 20M milestone and more
The world’s largest soft drinks brand is delving deeper into the realm of non-fungible tokens, launching its first collection on the Coinbase layer-2 network Base. On Aug. 13 Coinbase announced the new Coca-Cola collection as part of its “Onchain Summer” event. “CocaCola is bringing their Global Masterpiece campaign onchain with iconic works from leading artists,” it stated. “The Scream” by…