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Saulius Galatiltis, CEO of a Binance crypto-to-fiat payment affiliate, has stepped down in an ongoing exodus of executives from the digital asset titan. Galatiltis served as Bifinity’s chief executive from January 2022 to October 2023, per his LinkedIn profile. The Lithuania-based payment processor allowed customers to convert their fiat currencies into
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Binance cryptocurrency exchange customers are allegedly facing troubles with fiat withdrawals in Europe due to issues related to the Single Euro Payments Area (SEPA) transfers.The exchange has allegedly suspended euro withdrawals and deposits via SEPA, Binance’s customer support wrote in a now-deleted message on X (formerly Twitter) on Aug. 20.In the
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CoinsPaid, a crypto payment processing company with Ukrainian roots, fell a victim to a social engineering attack, thought to have emanated from Lazarus, a North Korean hacking group. Source
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Stablecoins are a key piece of plumbing in the crypto ecosystem, bridging government-issued currencies and facilitating trading. Issuers are increasingly boosting stablecoins as a means for payments and remittances, especially in the developing world. Recently, Bitcoin-based payments app Strike integrated USDT as part of its global expansion to 65 countries.
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The investors for the new round included existing Stripe shareholders Andreessen Horowitz, Baillie Gifford, Founders Fund, General Catalyst, MSD Partners and Thrive Capital, and new investors GIC, Goldman Sachs Asset and Wealth Management and Temasek, the company said in the statement. Source
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On Dec. 14, the Ethereum software firm Consensys announced that the company has teamed up with the payment processing giant Paypal. The integration allows Metamask wallet users to purchase ethereum via Paypal from within the Web3 wallet application. Consensys Teams up With Payments Giant Paypal According to Consensys, Metamask users can now
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Really Simple Syndication (RSS), the first information distribution protocol that saw massive adoption across the internet is all set to take on Web3 with a decentralized information processing protocol called RSS3.In a technical whitepaper released on Monday, RSS3 laid out plans for taking its popular internet feed update to Web3. RSS3
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Bitcoin is a cryptocurrency method that has become quite popular since its launch in 2009. Considering it an easy method for business trading people are using it on a bigger scale. The biggest benefit that bitcoin is offering the audience is that it can be transferred easily and in no
Read MoreThe Winklewoss twins' crypto exchange Gemini is continuing to consolidate its regulated services for clients in the United Kingdom.On Oct. 12, Gemini announced a partnership with BCB Group — a European crypto-focused payment processor that already works with major platforms such as Coinbase, Bitstamp and Galaxy Digital.BCB Group is focused on
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JBS S.A. aims to track all of its cattle suppliers on a blockchain system by 2025. Source
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