Cryptocurrency Analysis and News Portal
Bankrupt crypto exchange FTX is looking to demand information on millions of dollars in payments it had previously given to a nonprofit AI safety organization — the Center for AI Safety (CAIS).In an Oct. 25 bankruptcy court filing, the lawyers helming FTX claimed the firm gave $6.5 million to CAIS
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“Mastercard is bringing its trusted and transparent approach to the digital assets space through a range of innovative products and solutions – including the Mastercard Multi-Token Network, Crypto Credential, CBDC Partner Program, and new card programs that connect Web2 and Web3," a Mastercard spokesperson said via email. Source
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Bank of Finland (BOF) is coordinating the creation of a Finnish instant payment solution compatible with European standards. BOF board member and member of the Governing Council of the European Central Bank (ECB) Tuomas Välimäki made the announcement on Oct. 19. Välimäki revealed that the Bank of Finland is actively promoting
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As we explore the full potential of web3, we can see how it has the ability to revolutionize the eCommerce industry. With many businesses adapting to new transaction norms, cryptocurrencies have become a crucial tool for progressive enterprises. CryptoProcessing.com aims to integrate crypto payments. This guide delves into leveraging this
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Ferrari will subsequently extend the scheme to Europe in response to demand from its wealthy customers. Source
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Ferrari will accept cryptocurrency payments for its luxury sports cars in the United States due to customer demand. The carmaker also plans to accept crypto payments in Europe.According to an Oct. 14 report from Reuters, Ferrari’s chief marketing and commercial officer, Enrico Galliera, confirmed the intentions of the luxury car
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JPMorgan’s Onyx Coin Systems has scored another win in the Middle East with the completion of a blockchain-based cross-border payments pilot project with First Abu Dhabi Bank (FAB). The pilot phase was “executed seamlessly with satisfactory response times,” according to a statement. The FAB pilot wound up weeks after a similar
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Ripple says it received a license to operate as a major payments institution from Singapore's central bank allowing it to continue operations in the country after receiving in-principle approval in June.In an Oct. 4 blog post, the company said its local entity, Ripple Markets APAC Pte Ltd, was granted the full
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The U.S. Department of Justice (DOJ) targeted several Chinese businesses and their employees Tuesday in the latest round of charges tied to production and trafficking of fentanyl – a network that depended on cryptocurrency payments, according to authorities. Original Source
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“We’ve seen the great utility stablecoins and USDC have brought to developers, corporations, end-users and more across an array of use cases, including for global lending markets within DeFi,” the company said in a blog post. “However, for new entrants to participate in these markets, the ability to securely unlock
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