Category: <span>Crypto Currencies</span>

Amazon.com Inc on Monday denied a media report saying the e-commerce giant was looking to accept bitcoin payments by the end of the year. The report from London’s City A.M. newspaper, citing an unnamed “insider”, sent the world’s biggest cryptocurrency up as much as 14.5% before it trimmed gains to last trade 6% higher at $37,684.04. “Notwithstanding our...

Ethereum’s co-founder says he’s done with crypto because it’s too risky and only represents a small bit of what the world needs. Anthony Di Iorio, a co-founder of the Ethereum network, says he’s done with the cryptocurrency world, partially because of personal safety concerns. “It’s got a risk profile that I am not too enthused...

Entrepreneur Jack Dorsey and his team at Square Financial Services are always busy working on something new and fresh. The fintech company Square is creating a new business focused on bitcoin, Chief Executive Officer Jack Dorsey said in a tweet on Thursday. “Like our new #Bitcoin hardware wallet, we’re going to do this completely in...

In a snub to El Salvador’s President Nayib Bukele, more than three-quarters of Salvadorans are skeptical of the maverick leader’s push to adopt the cryptocurrency bitcoin as parallel legal tender, according to a poll released on Thursday. In a first for bitcoin last month, Bukele’s allies in Congress approved legislation giving it official currency status...

Mexican billionaire Ricardo Salinas Pliego said his banking business may begin using bitcoin, becoming the country’s first bank to start accepting the cryptocurrency. Salinas, who is ranked as Mexico’s third richest man with a family fortune estimated at $15.8 billion by Forbes, is the owner of the large Banco Azteca banking business. Salinas last year...

Bitcoin market exchange Coinbase to start trading in Germany. According to Reuters, Germany’s financial market watchdog BaFin on Monday granted the cryptocurrency exchange Coinbase permission to provide crypto custody services and proprietary trading, the first licence it has issued for such business in Germany. The licence allows Coinbase Germany GmbH to conduct proprietary trading of...

Britain’s financial regulator has said Binance, one of the world’s largest cryptocurrency exchanges, cannot conduct any regulated activity and issued a warning to consumers about the platform, which is coming under growing scrutiny globally. In a notice dated June 25, the Financial Conduct Authority (FCA) said Binance Markets Ltd, Binance’s only regulated UK entity, “must...

Two South African brothers who ran a cryptocurrency platform – Africrypt – have “vanished” in what is believed to be the biggest-ever cryptocurrency heist. The Cajee brothers, Ameer and his younger brother Raees, vanished along with $3.6 billion (R51 billion) in Bitcoin, according to a Bloomberg report. Earlier on Thursday, Bloomberg reported that the brothers were being...

The Canadian men’s basketball league (CEBL) will start getting their salaries believe is or not in cryptocurrency, Bitcoin. This comes after the league has signed a partnership with Bitbuy, a Canadian cryptocurrency exchange. According to the Bitcoin.com, the Canadian Elite Basketball League (CEBL) announced the deal with Bitbuy days before the start of its third...

Tesla Chief Executive Officer and boss Elon Musk tweeted on Sunday that the electric carmaker will resume allowing bitcoin transactions when miners who verify transactions use more renewable energy. “When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions,” he said in a tweet. Bitcoin rose...