Visa plans to expand the use of cryptocurrencies in the payment network

Cryptocurrency NewsBy 01/02/2021

The CEO of Visa spoke about plans for cryptocurrency payments during a teleconference on the company’s financial activities for the first quarter of 2021. In his speech, Visa CEO Alfred Kelly said the company is ready to make cryptocurrency payments safer and more widely used by working with the firm’s partners. Visa plans to work with wallets and exchanges so that users can buy cryptoassets, he said. In addition, the company intends to provide users…

SIA and WizKey are developing an Ethereum-based platform for the secondary loan market

Cryptocurrency NewsBy 29/01/2021

SIA, a developer of electronic payment services, plans to launch an Ethereum-based secondary lending platform in the second half of 2021. According to a statement from SIA, the firm is working on a blockchain-based system to enable secondary credit trading. The platform will allow banks, funds and financial operators to conduct secondary credit transactions through the blockchain. In a separate statement, a SIA spokesman said the company plans to test the Ethereum-based platform in the…

BIS: “Central banks of developing countries will issue state cryptocurrencies in the next three years”

Cryptocurrency NewsBy 29/01/2021

According to a new study by the Bank for International Settlements (BIS), central banks are actively researching state-owned cryptocurrencies, and developing countries are initiating their mass release. According to BIS’s third annual survey of 65 central banks, 86% of respondents said they at least consider the pros and cons of issuing their own digital currencies. Last year this figure was 80%. According to the survey, 60% of central banks are currently experimenting with government-owned cryptocurrencies.…

Regulators South Africa has revealed the cryptocurrency pyramid Mirror Trading International

Cryptocurrency NewsBy 28/01/2021

South African regulators will tighten control of the cryptocurrency industry due to the closure of the fraudulent scheme Mirror Trading International, which managed to collect 23,000 BTC worth more than $ 700 million. The Financial Sector Supervisory Authority (FSCA) of South Africa announced the proliferation of cryptocurrency pyramids. Mirror Trading International (MTI) has become the largest of these in the country. The firm has positioned itself as a Bitcoin trading platform and has attracted over…

Reddit announced partnership with Ethereum Foundation

Cryptocurrency NewsBy 28/01/2021

Reddit employee known as jarins has announced a partnership between the company and the Ethereum Foundation, a non-profit organization that supports the Ethereum program and development. On the evening of January 27, a message from one of the Reddit administrators appeared on the Ethereum subreddit announcing the partnership and congratulations to the Ethereum community. A Reddit employee known as jarins writes that this is the company’s first partnership in the blockchain industry. According to the…

Major US Universities Invest in Cryptocurrencies Through Their Funds

Cryptocurrency NewsBy 27/01/2021

Endowment funds of some universities in the United States have purchased cryptocurrency through accounts at Coinbase and other cryptocurrency exchanges over the past year. According to two sources familiar with the situation, Harvard, Yale and Michigan universities, Brown University, and several other US institutions of higher education bought cryptocurrency through exchanges. Recall that in the fall of 2018, the five largest US universities invested in cryptocurrency funds. “There are quite a few,” said a source…

Central Bank of India began research on the issue of its own digital currency

Cryptocurrency NewsBy 27/01/2021

The Central Bank of India (RBI) is starting to explore the potential of government digital currencies, as well as the feasibility of issuing its own digital currency. Despite rumors of an upcoming draft law to ban cryptocurrency trading, RBI’s position on digital assets has become more optimistic. According to a report published after conducting a study of the payment sector in India, experts from the regulator acknowledge that cryptocurrencies have become popular around the world.…

Vape maker PuffBar uses Vechain blockchain to fight counterfeiting

Cryptocurrency NewsBy 26/01/2021

E-cigarette and vaping goods maker PuffBar will use the Vechain blockchain to combat counterfeit products and will also start accepting BCH and ETH for payments. PuffBar is controlled by Cool Clouds Distribution, founded in 2019 and registered in Los Angeles. Cool Clouds stopped marketing its products in the United States after the US Food and Drug Administration (FDA) banned the sale of flavored e-cigarettes. The reason was that these products became popular among children and…

Mining company Marathon bought 4,813 BTC for $ 150 million

Cryptocurrency NewsBy 26/01/2021

Marathon Patent Group, a mining company traded on the Nasdaq exchange, bought 4,813 BTC for $ 150 million. This is the first time a bitcoin mining company bought them on the market. In mid-January, Marathon managed to raise $ 250 million. When asked if the funds were used to buy bitcoin, Marathon CEO Merrick Okamoto said that the purchase was made from the company’s budget. She already had $ 425 million in cash, and some…

DeFi Kyber Network Project Prepares For Kyber 3.0 Update Rollout

Cryptocurrency NewsBy 25/01/2021

The developers of the DeFi Kyber Network have announced plans to provide liquidity and launch a new KNC token as part of the Kyber 3.0 platform update. Kyber Network, the Ethereum-based DeFi token exchange, has announced plans to roll out the Kyber 3.0 update. According to the statement, the update will protect liquidity providers from losses due to price volatility. Kyber also plans to vote on changes that will make the KNC exchange’s own token…

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