Cryptocurrency Analysis and News Portal
For Venezuela, 2021 has been a year of considerable changes at the microeconomic level, where even more than in 2020, the results of powerful catalysts for change such as COVID-19 were clearly visible. In a more dynamic economy with a higher volume of operations with foreign currencies, cryptocurrencies played a key
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Bitcoin payment provider OpenNode has closed a $20 million Series A funding round led by U.K. firm Kingsway at a $220 million valuation to fuel its global expansion, according to a press release provided to CryptoX. Other participants in the round include Twitter, venture capital investor Tim Draper and Avon
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Chainalysis’ data shows the average ransomware payment size last year reached $118,000 in cryptocurrency, up from $88,000 in 2020, according to a report published Thursday. In 2019, the average ransomware payment was only $25,000. Kim Grauer, Chainalysis’ head of research, attributes this jump to the growing sophistication of ransomware groups. Original
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“Tying up safe and liquid assets in a stablecoin arrangement means they are not available for other uses, such as helping banks satisfy their regulatory requirements to maintain sufficient liquidity,” according to the researchers. The use of stablecoins, they said, could lead to shortages of safe and liquid assets. Source
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U.S.-based users of Wirex will be able to use the company’s app to buy, store and exchange 37 different cryptocurrencies, as well as traditional currencies. The service is available to all states except New York and Hawaii, which is coming later this year, according to Wirex. Source
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Tribal will use the money to continue building out its teams in Latin America, and also plans to release some crypto-related products later this year. Source
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Several U.S. lawmakers have introduced the Virtual Currency Tax Fairness Act to strengthen “the legitimacy of cryptocurrency in our digital economy.” The bill also aims to expand the use of cryptocurrencies for payments. Virtual Currency Tax Fairness Act Introduced in the US Representatives Suzan DelBene and David Schweikert introduced the “Virtual Currency
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Cryptocurrency’s original use-case – payments – are getting a boost on the Solana blockchain.New software co-developed by Solana Labs intends to help merchants accept crypto payments over the Solana network. Checkout.com, Circle and Citcon are supporting “Solana Pay,” which debuted Tuesday with integrations with FTX and ecosystem wallets Phantom and
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PayPal confirmed on Jan. 8 it is “exploring a stablecoin” that could be called PayPal Coin after a developer found evidence of such a stablecoin within the source code of the company’s iPhone app.PayPal senior vice president of crypto and digital currencies Jose Fernandez da Ponte said at the time
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Visa users made $2.5 billion in payments with crypto-connected cards during the company’s fiscal first quarter, Visa CEO Al Kelly said in its earnings call Thursday.The figure for the quarter was 70% of Visa’s crypto volume for all of fiscal 2021, Kelly added on the call with analysts. Over 65
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