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10 Jun 23

Former Meta, PayPal executive building payment solution on Bitcoin Lightning Network

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied David Marcus, an executive whose past stints include working at Meta, formerly Facebook—a company that is using technology to connect people and bring the metaverse to life; and PayPal, an online payment system, is now building a payment solution that leverages […]

31 May 23

SEC accepting ethereum for penalty payment

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The U.S. Securities and Exchange Commission (SEC) is accepting ethereum as part of a penalty payment in a recent fraud case, while maintaining the classification of the digital asset as a security. In an unexpected twist of events, the Securities and […]

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11 May 23

New York proposes legislation to allow stablecoins as bail payment

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied New York State has proposed new legislation that would authorize fiat-collateralized stablecoins as a means of bail payment. The bill, known as New York Assembly Bill 7024, introduced on May 10, would add stablecoins to the list of approved methods of […]

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08 May 23

Liechtenstein explores bitcoin payment option for government services

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Liechtenstein’s Prime Minister, Daniel Risch, has announced plans to allow citizens to pay for government services using bitcoin. In a May 7 interview, Risch stated that a bitcoin payment option is coming, without providing further details. The European microstate plans to […]

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28 Apr 23

Mastercard to expand crypto payment card program

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Raj Dhamodharan, Mastercard’s head of crypto and blockchain, stated that the payment company intends to grow its cryptocurrency payment card program by looking for further collaborations with crypto businesses. The move is being taken despite the recent scrutiny by regulators on […]

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21 Mar 23

Coinbase suspends support for Signature Bank’s Signet payment service

Coinbase cryptocurrency exchange has told its customers that Signature Bank’s Signet payments solution will be suspended until further notice. Following the recent shutdown of Signature Bank, Brian Armstrong’s Coinbase crypto exchange has made it clear to its customers that Signet, the former’s real-time payment network, will be suspended indefinitely. Coinbase suspends Signet service Per a […]

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16 Mar 23

US Fed to launch its payment network in 2023

The United States Federal Reserve has announced that its own instant payment service will go live in July. Dubbed FedNow, the solution will enable instant payments on a 24/7 basis within the US. The Federal Reserve‘s financial services division has announced plans to launch a new instant payment service called FedNow. If everything goes as […]

How Are Bitcoins Made

23 Dec 22

Brazil legalizes crypto as payment option

Brazil approves bitcoin and other cryptocurrencies as means of payment and prepares the ground for licensing crypto companies. According to the Brazilian federal government’s official journal, Brazilian president Jair Bolsonaro approved a bill into law on Dec. 23. President Bolsonaro implemented the legislation passed by Congress without any changes. The bill creates a comprehensive regulatory […]

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