Cryptocurrency exchanges Bitfinex is preparing to test out a new Anti-Money Laundering (AML) tool on its platform. The firm announced Wednesday that it will be testing a new solution designed for complying with the Travel Rule, an AML/Counter Financing of Terrorismregulation for financial institutions introduced by the Financial Action Task Force (FATF) in 2019. Bitfinex partnered with compliance startup Notabene…
In brief Voyager Digital has partnered with the NBA’s Dallas Mavericks. As part of the deal, both parties will work to educate wider audiences about crypto. Voyager Digital, a crypto trading broker, has entered into a five-year partnership with the NBAs Dallas Mavericks, becoming the teams first crypto brokerage and international partner. The Mavs are proud to welcome Voyager to…
Crypto adoption scores another win with the Ivy League University of Pennsylvania, but theres a catch. The Wharton School, one of the premier business schools in the United States, willacceptBitcoin (BTC) and other forms of cryptocurrencies for tuition fees, Bloomberg reports. However, the adoption is limited to its new online blockchain and digital assets program scheduled to start in January.…
The Ethereum 2.0 Altair Beacon Chain update has gotten off to a successful start, with 98.7% of nodes already upgraded. On Oct. 27, Ethereum 2.0 developer Preston Vanloon tweeted that the Altair upgrade had been activated successfully. Altair is the first upgrade to the Beacon Chain since it went online in December 2020 and is likely the last before the…
Cryptocurrency exchange Crypto.com is rolling out a new ad featuring Hollywood star Matt Damon, which it plans to introduce to consumers worldwide. The fortune favors the brave ad, starring Damon amid a digital landscape of historic figures, including the Wright brothers and Sir Edmund Hillary, is aimed at reaching a global audience of potential crypto users and investors. According to…
In brief Environmental activists have claimed they were threatened by Dale Iwin, CEO of Greenidge Generation. The news follows a long and protracted spat between Greenidge and environmentalists in New York. Greenidge Generation, a company that mines Bitcoin in upstate New York, has long come under fire for allegedly harming the environment surrounding its mining facility. Now, two environmental activists…
El Salvador’s President Nayib Bukele confirmed via Twitter Wednesday evening that the Latin American nation has bought the “Bitcoin price dip,” exchanging dollars for Bitcoin at a time he believes it remains undervalued by the global market. The price of Bitcoin was around $58,800 dollars, down from breaking all-time highs to reach nearly $67,000 on 20 October, at the time of…
Dogecoin (DOGE) soared on Oct. 28 amid massive capital rotations out of its top meme coin rival Shiba Inu’s (SHIB) market. Notably, the DOGE price rallied by a little over 44% to reach its intraday high of $0.3449. Its gains appeared in contrast to SHIB’s losses in the same period. On the other hand, the so-called Dogecoin Killerdropped almost 28%…
Central Retail Corp., a leading firm in Thailand’s retail industry, is testing a digital currency among its employees. After the sandbox phase is finished, the retail giant plans to extend the service to customers and the general public, according to a report by Bloomberg. The C-Coin, a blockchain-powered cryptocurrency, is being offered to 80,000 Central Retail Corp employees around the…
The Nigerian president, Muhammadu Buhari, suggested in a recent speech that the new e-naira central bank digital currency (CBDC) could lead to an increase in the value of his country’s GDP by $29 billion in ten years. Africa’s First CBDC President Buhari made bold remarks in his speech at Monday’s launch of the e-naira CBDC, stating: “Indeed, some estimates indicate…
