The payments industry has experienced exponential growth over the past few decades, becoming one of the largest and most rapidly expanding sectors globally. However, a significant issue continues to plague the industry – relying on outdated technology rails that are over 50 years old. As time progresses, these legacy systems become increasingly inefficient, hindering the
Crypto
Recently, Peter Diamandis, the founder of X Prize and Singularity University, posed a thought-provoking question to his extensive following on social media regarding the future of Bitcoin. He asked whether Bitcoin would ever need a bailout, sparking a diverse range of responses from his audience. One responder highlighted the fact that Bitcoin has consistently delivered
Crypto.com, a prominent cryptocurrency exchange based in Singapore, has forged a groundbreaking partnership with Standard Chartered, a leading multinational banking institution. This alliance aims to provide fiat services to retail users globally, marking a significant milestone in the evolution of the cryptocurrency industry. Standard Chartered will offer banking and payment solutions to enable Crypto.com users
Recent findings by TRM Labs have shed light on a troubling trend within the cryptocurrency industry – the rise of illicit activity at crypto ATMs. Unlike traditional cryptocurrency exchanges, these machines lack stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, making them vulnerable to exploitation by criminals. The latest report revealed that illicit
The recent comments made by Federal Reserve chair Jerome Powell at the Jackson Hole symposium have sparked an increase in demand for bitcoin (BTC) in the United States. This surge in interest has led to a rise in the Coinbase Premium, reaching its highest level since July at 0.11%. The spike in this metric indicates
The highly-anticipated 2024 bitcoin bull run has not unfolded as expected, despite the asset hitting a new all-time high earlier in the year. The journey towards the coveted $100,000 mark has hit some roadblocks, with the price losing momentum along the way. The completion of the halving in April marked a key milestone for Bitcoin,
The U.S. Securities and Exchange Commission (SEC) recently initiated legal action against two brothers accused of orchestrating a Ponzi scheme that defrauded investors of $60 million. The complaint, filed in August in the United States District Court for the Northern District of Georgia in Atlanta, alleges that Jonathan Adam and Tanner Adam deceived over 80
Centralization in the world of cryptocurrency has long been a topic of debate and contention. The decentralized ethos that crypto strives to uphold can be easily undermined by high levels of centralization. This issue becomes particularly pronounced when looking at the distribution of holdings among the top wallets of popular project tokens like Polygon (MATIC)
The recent transfer of 800 ETH by Ethereum co-founder Vitalik Buterin has once again sparked fresh discussions within the crypto community. This comes shortly after a larger transfer of 3,000 ETH on August 9. The total value of these transfers amounts to $10.05 million, raising concerns about Buterin’s intentions with his holdings. These movements have
Floki Inu (FLOKI) recently experienced a significant drop in value, leading to a decrease of almost 20%. As a result, the meme coin lost its position among the top 5 meme coins in terms of market capitalization. Currently trading at around $0.0001272, FLOKI’s market cap fell to $1.23 billion, placing it in the sixth position.
