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“You send money that you see as dollars from the United States, and it’s received on the other side. They receive it in their local currency, either in a bank or in a mobile account,” explains Manuela Rios, Strike’s vice president of product. Rios, who joined Strike from Robinhood Markets
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Galaxy Digital CEO Mike Novogratz has warned of a credit crunch in the U.S. and globally. Emphasizing that “we are heading into a recession,” he expects the Federal Reserve to cut interest rates “sooner than we think.” Novogratz on Global Credit Crunch and Recession Galaxy Digital CEO Mike Novogratz shared his outlook
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According to an analysis of Google searches by Leverage Trading, Nigeria is the “second-highest country in the world for searches related to crypto leverage.” Along with South Africa and Ghana, the West African nation also dominates searches for the term “trade crypto.” Regulators and consumer protection agencies must “provide greater
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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
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The remittance service, Send Globally, will be available in the Philippines starting Tuesday, according to a press release. It runs on the Lightning Network, a “layer 2” scaling solution that enables cheaper and faster Bitcoin transactions. Funds sent via the service from abroad can be received as local currency in
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Out of 8 billion people living on the planet, only 43 million people own Bitcoin — which amounts to less than 1% of the population. Despite the success of the cryptocurrency, a minuscule number of the world’s current inhabitants holds ownership of Bitcoin, according to CoinMarketCap. Are there specific reasons why
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The Nasdaq-listed cryptocurrency exchange Coinbase is closing down most of its operations in Japan after announcing another round of job cuts globally. “Despite everything we’ve been through as a company and an industry, I’m still optimistic about our future and the future of crypto,” Coinbase CEO Brian Armstrong insisted. Coinbase Winding
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The CCSS certificate is the gold standard for the security of digital asset management.Digital asset management firm, Fireblocks, has received the first Cryptocurrency Security Standard (CCSS) certificate after an audit by Confide. Following weeks of in-depth audits of its people, processes, and systems, Fireblocks received a level-three certification for compliance
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On Oct. 29, 2013, a coffee shop in downtown Vancouver, Canada, opened what is understood to be the world’s first publicly available Bitcoin (BTC) ATM, operated by Robocoin. The crypto ATM saw 348 transactions and $100,000 transacted in its first week of operation.As of Oct. 30, 2022 — nine years and
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The domino effect of a prolonged bear market seeped into the Bitcoin (BTC) ATM ecosystem as September 2022 recorded negative growth in global net installations for the first time in history — primarily driven by a slowdown in the United States.The total number of Bitcoin ATMs installed over time fell
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