Business

Founders of Crypto Exchange BitMEX to Acquire German Bank Formed in 1754

The founders of popular cryptocurrency exchange BitMEX are set to acquire one of the oldest banks in Germany, Bankhaus von der Heydt, which was formed back in 1754. The move will help establish a regulated cryptocurrency products powerhouse in Europe. According to an announcement published by BitMEX a company founded by its CEO Alexander Höptner […]

Visa Has More Than 60 Partnerships With Crypto Platforms, Says Its Head of Crypto

Credit card and financial services behemoth Visa has partnered with more than 60 crypto platforms in order to allow consumers to make payments with digital assets. Speaking in an interview with NDTV, Visa’s head of crypto Cuy Sheffield said the financial services company has doubled its crypto partners over the last 18 months in order […]

Visa Completes Acquisition of Former Ripple Partner CurrencyCloud for $925 Million

Payments giant Visa has announced it completed the acquisition of Currencycloud, a global platform that allows banks and fintech firms to provide foreign exchange solutions for cross-border transactions. The acquisition, according to a press release, will “Visa and Currencycloud clients and partners to provide greater transparency, flexibility and control for consumers and businesses when making […]

Cardano: Payments Network Flexa Adds Support for $ADA at Over 40,000 Locations

Payments network Flexa has got some great news for the Cardano community. What Is Flexa? Flexa, which was founded in February 2018 is a leading “pure-digital” payments network. It claims to “provide merchants and developers with simple integrations for digital currency acceptance that are fast, affordable, and completely fraud-proof.” Flexa says it is “the first […]

One of the Largest VR Centers Adds Support for Crypto As Payment Method

VR World®, which is one of the largest virtual reality clubs in the Americas, has decided to embrace crypto. VR World, which was founded in 2017, is based in New York City. Here is how it describes itself: “VR World is North America’s largest immersive entertainment destination, featuring over 50 virtual reality experiences, ranging from […]

Shiba Inu ($SHIB) Now Accepted by Binance-Backed Travel Booking Platform

A leading blockchain-based Travel booking platform, which is backed by Binance, has added support for highly popular meme-based cryptocurrency Shiba Inu ($SHIB). Travala.com ($AVA), which currently “offers 2,200,000+ properties covering 90,124 destinations in 230 countries and territories”, was founded in 2017. On 20 May 2020, Travala.com announced “its strategic merger” with the leading crypto-friendly flight […]

Shiba Inu: The Rapidly Increasing Adoption of $SHIB in Venezuela

As the popularity of Shiba Inu ($SHIB) has grown, its price has skyrocketed (roughly 44.25 million percent in the year-to-date period). This has resulted in the rapidly increasing adoption of $SHIB as a form of payment by merchants around the world. What Is Shiba Inu ($SHIB)? Here is how South Korean crypto exchange Korbit described […]

XRP Can Now Be Used To Pay Online at Croatia’s Largest Supermarket Chain

Konzum, which is the largest supermarket chain in Croatia, recently made a very interesting announcement that largely went unnoticed in the XRP community. Konzum has over 700 physical stores in Croatia and over 10,000 employees. The first Konzum store was opened in Zagreb in 1957. According to the notice posted on the Konzum website on December […]

$SHIB Flips $AVAX Thanks to New Friendshibs With William Volk, Newegg, and Kraken

On Tuesday (November 30), the world’s hottest dog meme cryptocurrency Shiba Inu ($SHIB) managed to jump over $AVAX, the native token of smart contracts platform Avalanche after a 24% price surge in the past 24-hour period. What Is Shiba Inu ($SHIB)? Here is how South Korean crypto exchange Korbit described this meme-based cryptocurrency when it announced on November […]

Bitcoin: NBA Team Houston Rockets’ New Sponsorship Deal Pays Them in $BTC

American professional basketball team Houston Rockets has announced that thanks to it has signed a sponsorship deal with New York Digital Investment Group (NYDIG), a leading bitcoin company. According to the press release, which was issued by NYDIG on November 16, “as the Official Bitcoin Services Partner and Bitcoin Platform of the Houston Rockets, NYDIG […]

Bitcoin: FinTech Startup Plans to Give Millions of UK Shoppers a New Way to Stack Sats

FinTech group Mode Global Holdings (“Mode”) says that next year UK residents will be able to use its highly popular mobile app to “supercharge” their online shopping some of the country’s most popular merchants with Bitcoin cashback. Mode, which was founded in 2019, offers two main products: For consumers, it offers the Mode app, which allows them to […]

Shiba Inu: AMC Movie Theatres Set to Become First BitPay Merchant to Accept $SHIB

Leading U.S. movie theater chain AMC is set to add the meme-inspired cryptocurrency Shiba Inu ($SHIB) payments in 60 to 120 days, according ot the company’s CEO Adam Aron, who revealed the move on social media. According to Aron, cryptocurrency payment processor BitPay is adding Shiba Inu “specifically” because he asked them to so AMC […]

Dogecoin ($DOGE) Can Now Be Used for Buying Ownership Shares in Second Homes

Recently, San Francisco-based startup Pacaso announced that it is now possible to pay with crypto — including Dogecoin ($DOGE) — for shares in single-family homes in some of the top second home destinations in the U.S. As Bloomberg reported back on March 21, Pacaso, which was founded in October 2020 by Zillow Group Inc. co-founder Spencer Rascoff […]

Mode Partners With THG Brands To Offer Bitcoin Cashback Rewards to UK Customers

FinTech group Mode Global Holdings PLC (“Mode”) has partnered with e-commerce company THG PLC (aka “The Hut Group”) to launch its Open Banking payments and Bitcoin rewards solution. Mode offers two main products: For consumers, it offers the very popular Mode app, which allows them to (1) makes it easy to buy/hold Bitcoin; (2) send […]

Dogecoin ($DOGE) as a Payment Method To Be Made Available to Millions of Consumers

Verifone (NYSE: PAY), one of the world’s leading payment solution providers, has announced “the extension of BitPay’s blockchain payment technology to enable consumer cryptocurrency payments on Verifone’s in-store and eCommerce Cloud Services platforms in the United States.” This American multinational corporation, which was founded in 1981 and is headquartered in Coral Springs, Florida, offers merchants […]

FinTech Giant Revolut Is Paying for Texas Office Space With Bitcoin

Digital (i.e. internet-only) bank Revolut has announced that it will be paying the rent for its massive 300-employee office in Dallas, Texas using Bitcoin.  Revolut, which was founded by Nikolay Storonsky, and Vlad Yatsenko in July 2015 in London, started life as a Fintech company by offering a multi-currency pre-paid debit card managed via a mobile […]

El Salvador: Bitcoin Day ‘One Giant Leap for Mankind’? Starbucks Accepts BTC Lightning Payments

On 7 September 2021, also known as “Bitcoin Day” in El Salvador, Bitcoin became legal tender in the small Central American. Bitcoin advocate Jack Mallers called this day “One small step for Bitcoin, one giant leap for mankind.” So how did we get here? It all started on June 5 when Zap Solutions (a Bitcoin […]

El Salvador: ‘Buying the Dip’, McDonald’s Accepting Bitcoin via Lightning Network

Three months ago, this small Central American nation passed a bill to make Bitcoin legal tender. Today, that law became effective, and President Nayib Bukele announced that his country had taken advantage of the flash crash to buy more Bitcoin. It all started on June 5 when Zap Solutions (a Bitcoin payments startup that uses […]

Crypto.com to Reach 775 Million Soccer Fans Through New Partnership

Popular cryptocurrency platform Crypto.com is set to reach over 775 million soccer fans through a new partnership deal signed with Lega Serie A, a professional soccer league competition at the top of Italy’s sports scene. According to a press release shared with CryptoGlobe, Crypto.com will become the first Innovation & Technology Partner of Italian Football […]

Billionaire Investor Mark Cuban Says Dogecoin ($DOGE) Is “The People’s Way To Pay”

Two days after billionaire Mark Cuban said that Dogecoin ($DOGE) is the most popular cryptoasset for crypto payments, Peurto Rico based IT firm BOTS Inc. announced that it is now possible to buy second-hand Tesla cars with $DOGE. Dogecoin was initially released on 6 December 2013, as a “fun and friendly internet currency.” It was created by […]

Football Superstar Lionel Messi Receives Part of His PSG Welcome Package in Crypto

Argentinian soccer superstar Lionel Messi, who is considered one of the greatest players of all time, who made waves earlier this week after transferring from his long-time Spanish club Barcelona to French club Paris Saint Germain (PSG), has received a payment package that includes cryptoassets.  According to a report by Reuters, the negotiations for Messi’s […]

Over Half of the World’s Leading Banks Have Crypto Exposure: Report

Over half of the 100 largest banks in the world by assets under management reportedly have exposure to cryptocurrency and blockchain technology through projects in the space, according to a newly published report. The report, published by Blockdata, first reported by Cointelegraph, reveals global banking giants have been increasing their involvement in the cryptocurrency space […]

Dogecoin ($DOGE) Update: S&P Crypto Index, Mining Using Your Heater, Coinbase Commerce

This article provides an update on the most interesting news (in the past 48 hours) about popular meme-based cryptocurrency Dogecoin (DOGE). As you may know already, on July 13, S&P Dow Jones Indices (S&P DJI), a division of S&P Global, announced the launch of five new cryptocurrency indices, the main one of which is the S&P […]

Vegas Strip Club Now Accepting Bitcoin Via Lightning Network

A Las Vegas strip club is elevating itself into the digital age by accepting Bitcoin via the ultra-fast and efficient Lightning Network.  According to a recent press release, the Crazy Horse 3 gentlemen’s club in Las Vegas, Nevada has started accepting Bitcoin payments through the Lightning Network. The world-renowned strip club claims to be the […]

Is $SHIB Better Than $DOGE? And Other Crypto ($BTC, $ETH, $CHZ) News From Paraguay

Grupo Cinco, one of largest entertainment / nightlife companies in Paraguay has announced that it is going to take “a step into the future” by starting to accept select cryptocurrencies ($BTC, $ETH, $CHZ, and $SHIB) across all of its business units from July. What was interesting about its June 17th announcement was which cryptocurrencies it […]

Increasing Popularity of Crypto Pressures Samsung to Add Hardware Wallet Support to Its Galaxy Smartphones

South Korean tech giant Samsung has added support for third-party cryptocurrency hardware wallets to its Galaxy smartphones. These wallets including the Ledger Nano S and Nano X. According to an announcement the company published, its smartphones supporting the Samsung Blockchain Wallet – which is available on the Samsung Galaxy store – can now be linked […]

Deconstructing Elon Musk’s Announcement About Tesla and Bitcoin

On Wednesday (May 12), just three weeks after agreeing with Jack Dorsey that “Bitcoin incentivizes renewable energy”, Elon Musk shook the crypto market by announcing that Tesla is no longer accepting BTC as a payment method. On February 8, the world learned from Tesla’s latest annual report (Form 10-K) that the company had invested $1.5 […]

eBay Considering Accepting Crypto for Payments

Jamie Iannone, the President and CEO of eBay, says that the American multinational e-commerce company is considering accepting crypto for payments on its platform. During an interview with CNBC’s Squawk on the Street”, he was asked about eBay’s approach to cryptocurrencies. Iannone replied: “One of the great things about our managed payments is we’re expanding […]

Another Nasdaq-Listed Technology Company Buys Bitcoin for Its Treasury

On Wednesday (May 5), MercadoLibre, Inc. (NASDAQ: MELI), the Argentinian company that operates marketplaces throughout Latin America, mentioned Bitcoin as part of its Q1 2021 earnings report. The Latin American e-commerce giant, which is headquartered in Buenos Aires, Argentina, said in the Form 8-K that it filed with the U.S. Securities and Exchange Commission (SEC) […]

Elon Musk Confirms He Is a Bitcoiner and Explains Why Tesla Sold 10% of Its Bitcoin

After Tesla reported its Q1 2021 Financial Results yesterday (April 26), many in the crypto community were shocked to hear Tesla had sold 10% of its recently acquired Bitcoin. Later, the Tesla CFO and the Tesla CEO made some clarifying remarks. On February 8, the world discovered from Tesla’s latest annual report (Form 10-K), which […]

Cardano ($ADA) Payments Now Available to Merchants Using Shopify or WooComerce

Crypto payment processor NOWPayments recently announced that it has integrated support for Cardano, which means that their plugins for various e-commerce solutions, such as Shopify and WooCommerce, now support $ADA payments. Here is how Jeremy Firster, a Project Manager at Cardano Foundation, announced the news on Twitter on April 21: In this tweet, Firster referred […]

4000 Bitcoins: That’s How Much You Need to Buy London’s Most Expensive Apartment

Billionaire luxury real estate developer Nick Candy is reportedly ready to sell his London penthouse apartment for £175 million (roughly $240 million); and interestingly he is willing to consider offers in Bitcoin and Ethereum. According to the report by The Telegraph, the duplex penthouse is part of luxury residential and retail complex Hyde Park One, […]

VeChain’s Big Name Partnerships Propel $VET To New All-Time High

Enterprise-level partnerships and an emphasis on real-world deals have propelled the price of VeChain’s $VET token to a new all-time high.  According to a report by Cointelegraph, VeChain has become validated in the eyes of large-cap investors due to a series of enterprise-level partnerships. VeChain is a blockchain project that seeks to integrate decentralized governance […]

Billionaire Rick Caruso’s Real Estate Firm Plans to Accept Bitcoin For Rent Payments

On Wednesday (April 7), American billionaire businessman Rick Caruso, founder and CEO of real estate and hospitality company Caruso, said during an interview that his company will soon accept Bitcoin for rent payments from residential and commercial tenants. His firm is “a privately owned, industry-renowned company that blends best-in-class real estate with five-star hospitality to create a […]

Vogue Business: Fashion Brands Getting Ready to Take Advantage of Current NFT Mania

According to a report by Anna Tong for Vogue Business, which was published earlier today, fashion brands have been “studying the wild, wacky world of blockchain and all its creative and business possibilities” and are now “poised to jump in.” Vogue Business says multiple industry sources are confirming that several luxury fashion houses preparing to release […]

PayPal News Helps Bitcoin Go Above $59K for First Time Since March 20

On Tuesday (March 30), the Bitcoin price went above the $59,000 level for the first time in 10 days. According to a report by Reuters, later today, payments firm PayPal Holdings, Inc. will announce that it is “allowing U.S. consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally.” PayPal President and CEO […]

Square CFO: “There’s Absolutely a Case for Every Balance Sheet To Have Bitcoin on It”

Recently, Amrita Ahuja, CFO at payments solution provider Square Inc. (NYSE: SQ), chief financial officer, talked about her company’s plans for Bitcoin. During an interview with Fortune, which was published on Monday (March 29), Ahuja, who joined Square in January 2019 from Blizzard Entertainment, she said: “There’s absolutely a case for every balance sheet to have Bitcoin […]

Duke University’s Endowment Fund Is Set to Make a Huge Profit From Its Investment in Coinbase

The endowment fund of Duke University made an early investment in popular cryptocurrency exchange Coinbase which has “probably increased 100x,” according to a report by CoinDesk citing two sources familiar with the matter. According to the report, the $3.9 billion Duke Endowment was included in Coinbase’s early fundraising rounds because one of the firm’s co-founders, […]

American Pro Baseball Team Oakland Athletics on Bitcoin: ‘We Are Going To Hold It’

On Friday (March 26), Dave Kaval, president of American pro baseball team Oakland A’s talked about Bitcoin and blockchain technology during an interview with Emily Chang on “Bloomberg Technology” (a daily show on Bloomberg TV). On March 14, the A’s issued a press release, which stated that from March 14 through April 1 (Opening Day), […]

Elon Musk: ‘You Can Now Buy a Tesla With Bitcoin’

On Wednesday (March 24), Tesla Co-Founder and CEO Elon Musk, currently the world’s second richest person, announced that the U.S. electric car maker is now accepting payments in Bitcoin. On February 8, the world learned from Tesla’s latest annual report (Form 10-K) that the company had invested $1.5 billion in Bitcoin: The relevant section of […]

World’s Largest Custodian Bank Invests in Crypto Custody Startup Fireblocks

The oldest bank of the United States, Bank of New York Mellon (NYSE: BK), has invested in crypto custody startup Fireblocks as part of a $133 million funding round that saw participation from hedge fund Coatue Management, growth equity firm Stripes, and others. According to Forbes, the completion of the rounds brings the total amount […]

PayPal Acquired Crypto Custody Firm Curv for Less Than $200 Million

Fintech giant PayPal has revealed it has agreed to acquired Israel-based cryptocurrency custody firm Curv for less than $200 million. The deal is expected to close in the first half of this year. According to an announcement shared by PayPal, the payments giant plans to use the purchase to “accelerate and expand its initiatives to […]

Mark Cuban: ‘We Will Take Dogecoin, Today, Tomorrow and Possibly Forever More’

On Thursday (March 4), crypto payment processor BitPay announced that it is now allowing merchants to accept the internet’s favorite meme cryptocurrency Dogecoin (DOGE) for payments, and that “the Dallas Mavericks will be the first to accept Dogecoin.” According to BitPay’s press release, “Mavs Fans for Life (MFFLs) can now use Dogecoin to buy tickets […]

Bitfinex Pay Allows Online Businesses to Get Paid in Bitcoin, Ethereum, Tether, …

On Wednesday (March 3), crypto exchange Bitfinex announced the launch of Bitfinex Pay, a new simple, fast, and low-cost way for businesses (that have a website) to accept payments in crypto. According to a report by CityAM, the Bitfinex Pay widget “can be integrated on to a website facilitating online payments,” and it enables users of the […]

Square CFO: 1 Million Cash App Users Purchased BTC for the First Time

Square, Inc.’s CFO Amrita Ahuja says the company’s CashApp product recorded more than one million users purchasing bitcoin for the first time in January.

Square Buys Another $170 Million of Bitcoin, CFO Says $BTC Could Become ‘Native Currency of the Internet’

On Tuesday (February 23), FinTech firm Square (NYSE: SQ) disclosed that it had invested another $170 million in Bitcoin. Square was founded in February 2009, i.e. it is 11 years old, just like Bitcoin (BTC). The three co-founders are Jack Dorsey (who is also the company’s Chairman and CEO), Jim McKelvey, and Tristan O’Tierney. Yesterday, Square announced fourth […]

Apple Should Consider Entering Cryptocurrency Space, Says RBC Analyst

RBC Capital Markets analyst Mitch Steves told CNBC that Apple should consider creating its own crypto exchange, which could provide billions in return equity.

BitPay Adds Apple Pay Support for Its Crypto Debit Card

On Friday (February 12), crypto payment processor BitPay announced that U.S. holders of the BitPay Prepaid Mastercard can “add their card to Apple WalletTM and spend with Apple Pay®.” This means that BitPay cardholders will be able to “make secure purchases in stores, in apps, and online” via Apple Pay. The company says that “support for […]

Uber Considering Accepting Bitcoin As a Form of Payment

Uber CEO Dara Khosrowshahi says the ridesharing giant is looking into accepting bitcoin as a form of payment, while dismissing the notion of investing cash into BTC.

Kraken CEO Jesse Powell: ‘DeFi Is Really Eating the World of Finance’

In a recent interview with Yahoo Finance, Kraken Co-Founder and CEO Jesse Powell talked about Bitcoin, Ethereum, decentralized finance (DeFi), tokenization of stocks, and Dogecoin (DOGE). Below are a few highlights of the comments the Kraken CEO made during his discussion with Yahoo Finance’s Akiko Fujita and Zack Guzman. Equity Markets Powell argues that the lack of transparency in […]

Rick and Morty-Themed Crypto Art Sells for $290,000 on NFT Marketplace

A piece of crypto artwork by Rick and Morty co-creator Justin Roilan sold for $150,000 in a silent auction held on non-fungible token platform Nifty Gateway.

Goldman Sachs to Enter Crypto Market via Custody Services: Report

Wall Street banking giant Goldman Sachs is reportedly planning to enter the crypto industry soon by offering custody services, according to an inside source.

YouTuber Ali Spagnola Accidentally Turned $50 in Bitcoin Into $39,000

YouTube artist and musician Ali Spagnola says she became “accidentally bitcoin rich” after forgetting about $50 BTC donation made in 2013.

Ripple Opens New Remittance Corridor Between Malaysia and Bangladesh

Blockchain payments enterprise Ripple has announced a new partnership with Mobile Money to provide a digital remittance corridor between Malaysia and Bangladesh.

JPMorgan Chase CEO on Blockchain Technology and the ‘Very Very Tough Competition’ Against FinTech Firms

On Friday (January 15), during the JPMorgan Chase Q4 2020 Earnings Call, CFO Jennifer Piepszak and Chairman and CEO Jamie Dimon talked about blockchain technology and the “very very tough competition” in the next 10 years against FinTech firms. During the Questions & Answers segment of the conference call, Charles Peabody, President of Portales Partners, […]

NFL Lineman Russell Okung Isn’t Getting Paid in Bitcoin

NFL offensive lineman Russell Okung has become the first professional football player to be paid in bitcoin after using Zap’s Strike product to convert 50 percent of his paycheck into BTC.

MicroStrategy’s Stock Price Is up Nearly 200% Since It Bought Bitcoin

The stock price of business intelligence firm MicroStrategy (NASDAQ: MSTR) is up nearly 200% since the firm first started investing in bitcoin in August of this year. Part of the stock’s price rise has been attributed to its BTC investment. Back in August, MicroStrategy made a massive $250 million bet on bitcoin as part of […]

BlackRock Plans to Meet Growing Crypto Demand, Job Offer Shows

BlackRock, a financial giant with over $7 trillion in assets under management, has posted a job offer for a position of VP Blockchain Lead, to drive demand for the firm’s cryptocurrency offerings. The investment professional will, according to the job posting, create and implement BlackRock’s strategies to meet the growing demand for cryptoassets among investors. […]

Interesting That MoneyGram Says It Does Not ‘Utilize the ODL Platform or RippleNet’

On Wednesday (December 23), one of Ripple’s strategic partners, MoneyGram International, Inc. (NASDAQ: MGI), issued a rather interesting public statement on the recent lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple Labs Inc. Californian FinTech company Ripple announced on 17 June 2019 that it entered into a strategic partnership with MoneyGram, one of the […]

FTX Exchange Launches Coinbase Pre-IPO Futures Contracts

Popular cryptocurrency exchange FTX has listed Coinbase futures contracts under the ticker CBSE ahead of the company’s highly-anticipated initial public offering (IPO), days after it was revealed Coinbase filed a Form S-1 with the U.S. Securities and Exchange Commission. FTX is a cryptocurrency exchange that specializes in derivatives trading. The CBSE futures contracts are designed […]

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