Month: October 2024

Paypal has made a significant step in corporate payments by completing its first transaction using its stablecoin Paypal USD (PYUSD). This milestone highlights the role digital currencies can play in streamlining cross-border transactions, with Paypal partnering with Ernst & Young LLP. Paypal Completes First PYUSD Stablecoin Business Transaction Paypal Holdings Inc. has completed its first […] Source: https://news.bitcoin.com/paypal-completes-first-corporate-transaction-using-pyusd-stablecoin/

Economist Peter Schiff has warned that restoring a real economy requires letting the “phony economy” collapse, which would result in significant financial losses for many. However, he emphasized that the alternative is worse, as it would lead to the devaluation of money itself. Schiff criticized the government and Federal Reserve policies, particularly following the 2008 […] Source: https://news.bitcoin.com/peter-schiff-phony-economy-must-die-or-us-risks-financial-ruin/

Robert Kiyosaki, author of Rich Dad Poor Dad, has expressed concerns about World War III, warning that current global tensions could lead to catastrophic consequences. He emphasized the need for stronger leadership. This echoes past warnings from him about geopolitical threats and energy-driven conflicts. Kiyosaki Warns of World War III Amid Rising Global Tensions The […] Source: https://news.bitcoin.com/robert-kiyosaki-warns-of-world-war-iii-amid-global-tensions-asks-are-you-prepared/

Why Coinbase Sees Crypto as a Bipartisan, ‘Purple’ Political Issue Coinbase VP of Corporate and Business Development, Shan Aggarwal, joined Decrypt’s Sander Lutz and Liz Napolitano at Messari Mainnet 2024 to discuss the exchange’s efforts to grow mainstream crypto adoption—and how the changing political conversation around digital assets is rapidly playing a major role in that. Source: https://decrypt.co/videos/interviews/YR2YmmwR/why-coinbase-sees-crypto-as-a-bipartisan-purple-political-issue

The Reserve Bank of Zimbabwe (RBZ) has injected an additional $50 million into the market to support the foreign exchange system. However, industry leaders believe the bank is not doing enough to facilitate the smooth operation of the market. They argue that the policy requiring companies to have no existing nostro balances before bidding for […] Source: https://news.bitcoin.com/zimbabwe-injects-50-million-to-bolster-devalued-currency/

The Central Bank of Nigeria (CBN) is launching a new electronic system (EFEMS) to improve transparency in the foreign exchange market. This comes as the Nigerian currency weakens. Authorized dealers must comply with existing regulations and complete necessary preparations before using EFEMS. Enhancing Transparency in the Foreign Exchange Market The Central Bank of Nigeria (CBN) […] Source: https://news.bitcoin.com/nigeria-introduces-system-to-boost-forex-market-transparency/

This week, the U.S. Court of Appeals for the District of Columbia Circuit has ruled in favor of the predictions market Kalshi, allowing the commodities exchange to offer event contracts based on the outcome of U.S. congressional elections. Circuit Judge Millett’s opinion supports the legality of the contracts, dismissing claims of gaming or election gambling. […] Source: https://news.bitcoin.com/dc-circuit-court-rules-kalshis-us-election-bets-legal/

Bitcoin Cash (BCH) has emerged as a popular cryptocurrency, offering fast and low-cost transactions. In the vibrant city of Townsville, Australia, BCH adoption has reached new heights, thanks to the Bitcoin.com Wallet app and the Bitcoin.com point of sales register app. This article explores how the Bitcoin.com ecosystem, backed by generous supporters like Code Valley, […] Source: https://news.bitcoin.com/bitcoin-cash-empowering-merchants-and-boosting-adoption-in-bitcoin-cash-city/