This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
There's been a lot of interest in using blockchain, the distributed ledger technology developed for bitcoin, to modernize payments and banking systems. But as with any technology, blockchain is only secure if its users can be trusted.
Blockchain, heralded for its potential to transform industries, is currently undergoing a divergence from its original vision, marked by a prioritisation of speculative interests over core principles like scalability and decentralisation. Bitcoin can already scale larger than that with existing hardware for a fraction of the cost.
Bitbank , the crypto assets exchange, has officially launched Bitbank Ventures , a new investment firm focusing on projects within the crypto and blockchain space. Bitbank Ventures will consider investing in any blockchain -related projects, ranging from pre-seed to series A.
Ripple, a provider of enterprise blockchain and crypto solutions, has launched its stablecoin, Ripple USD (RLUSD) , on global exchanges today. RLUSD is fully backed by US dollar deposits, government bonds, and cash equivalents, aiming to ensure stability and reliability.
Fast-forward to today, a Bitcoin-focused product strategy within the lineup seems to be a safer bet. Its early, all-in stance on Bitcoin now seems like a stroke of genius, given that crypto markets are maturing, Bitcoin is reaching new peaks, and a new administration is seemingly opening the door to crypto and Web3.
Compared to traditional currencies, cryptocurrencies operate on decentralised networks, often powered by blockchain technology. Cryptocurrency is a digital currency form that uses cryptographic technology to secure transactions and control the creation of new units.
Blockchain technology has revolutionised numerous industries by providing decentralised, secure, and transparent systems. However, one of the significant challenges it faces is interoperability between different blockchain networks. However, these networks often operate in isolation, limiting the potential of blockchain technology.
Blockchain, once synonymous with cryptocurrencies like Bitcoin, is now transforming digital payments and fiat currency transactions. In payments, blockchain provides improved transparency with immutable transaction records, faster processing times by eliminating intermediaries, and stronger security via encrypted data.
The Texas Blockchain Council (TBC), a non-profit industry association, has initiated legal action against the Energy Information Administration (EIA) over cryptocurrency mining data collection.
Blockchain technology, initially synonymous with cryptocurrencies like Bitcoin , has evolved beyond its origins. This article delves into the diverse ways blockchain is reshaping fintech, focusing on smart contracts, cross-border transactions, and enhancing transparency and security.
The digital wallet firm is designed for the management of Bitcoin Satoshi Vision (BSV) and other digital assets. BSV Blockchains fast transactions and low fees play a key role in enabling entry into the iGaming world, providing instant deposits and withdrawals that further improve the overall experience.
Cryptocurrency and blockchain-based payments Cryptocurrencies are digital assets that leverage blockchain technologyi.e., Miners or validators verify the transaction on the blockchain. Once confirmed on the blockchain, contactless crypto transactions are final and irreversible. They expect to tap and go.
In a public announcement, the FBI detailed that the malicious actors swiftly converted the stolen assets into bitcoin and other cryptocurrencies, dispersing them across numerous blockchain addresses. This incident, referred to by the FBI as “TraderTraitor,” marks one of the largest digital currency heists to date.
Every four years, the crypto world gears itself up for what has historically been a very exciting time in the industry: the Bitcoin (BTC) halving. For those outside of the crypto world, the Bitcoin halving may seem like a strange idea: why half how quickly you can get something when it is in such high demand? Miners now get 6.25
Technology The decentralised network connected through a network of computers or nodes underlies blockchain technology, synonymous with cryptocurrencies. Blockchain protocols are the guidelines or rulebooks that determine how a blockchain works. Web1 was read-only, Web2 is read-write, and Web3 will be read-write-own.
Through this partnership, Ingenico’s Android-based POS terminals will now support crypto payments, allowing merchants to accept leading cryptocurrencies such as Bitcoin, Ethereum, and USDT, alongside over 70 crypto wallets, including Binance, Coinbase, and Trust Wallet.
Following a successful pilot project in December 2024, where residents could pay their taxes using major digital assets including USDT, Bitcoin and Ethereum through the Keepz platform, Georgia becomes one of the first countries in the world to provide an official crypto payment channel for public services.
Global payment orchestration platform FinMont has announced a new partnership with BitPay , the world’s largest provider of Bitcoin and cryptocurrency payment services. The strategic partnership will see the addition of cryptocurrency to the FinMont payment ecosystem allowing merchants to utilise payments from all cryptocurrencies.
We will: Explore the biggest innovations over the past year in the cryptocurrency, stablecoin, blockchain and digital assets spheres. Anticipate what needs to happen in order for Bitcoin to break its all-time record again. Find out how blockchain is being used outside of crypto.
For example, if we consider Bitcoin, the most popular cryptocurrency, it has experienced price swings of over 10% in a single day due to major announcements, exchange hacks, or macroeconomic trends. Fast Payments Blockchain transactions can take several minutes to confirm, crypto prices may change during this period.
RLUSD will be initially available on Uphold, Bitso, MoonPay, Archax, and CoinMENA, with additional listings on platforms such as Bullish, Bitstamp, Mercado Bitcoin, Independent Reserve, Zero Hash and others expected in the coming weeks. Each RLUSD token is fully backed by U.S. dollar deposits, U.S.
Our integration with COCA Wallet is a step forward in that mission, bringing seamless, secure, and user-friendly crypto onboarding to the broader Web3 ecosystem, including Bitcoin, Ethereum, TON, and beyond. Frictionless Web3 access The partnership facilitates smooth engagement with DeFi , NFTs, and other blockchain-based applications.
The launch of the new BVNK wallet will create a solution to this friction by providing users with direct access to blockchains and local and international payment schemes, all within a single solution. BVNK will hold on to or exchange balances and deal with third-party payments through its multi-rail access, all in a single product.
The evolution of payments: From bartering to blockchain Go back a little further than 1969, to around 3000 BCE1000 BCE, and we saw societies introduce commodity money in the likes of gold & silver or cattle, metal coins minted in around 600 BCE, and banknotes in Europe in the 1700s.
In a wide-ranging discussion, Heath Behncke, managing director of Holon , shared his insights on how developments in technology, energy efficiency and the role of blockchain is enabling more transparent and trustworthy data management. “The data custodian part of this is really interesting to me,” he said.
The report, based on a survey of over 50 financial institutions across Asia, reveals that the digital assets space is poised for significant growth as institutional investors seek to diversify their portfolios and capitalise on the benefits of blockchain technology. of respondents predicting their growth in the coming years.
But how is this approval different to Bitcoin’s in January? Earlier this year, the crypto industry rejoiced as the US regulator announced a huge milestone that many had been calling for: Bitcoin ETFs. The post Spot Ethereum ETF Approval: How is This Milestone Different to the Bitcoin ETF Approval?
2024 is expected to be a year of innovation for the fintech industry, marked by advancements in artificial intelligence (AI), cross-border and real-time payments, cryptocurrency and blockchain, and bundled software-as-a-service (SaaS) offerings. Lightspeed partners expect this trend to gain even more momentum into 2024.
” Bitcoin to accelerate digital wallet growth? Kadan Stadelmann, CTO of Komodo Kadan Stadelmann , CTO of Komodo , the end-to-end blockchain infrastructure solution provider, says: “I think we’ll see more nation-states start to support Bitcoin and other cryptocurrencies.
The five supported digital currencies at this stage include Bitcoin (BTC), Ether (ETH) as well as stablecoins such as StraitsX Singapore Dollar (XSGD), Tether (USDT), and USD Coin (USDC). This initiative aims to offer users more convenience by enabling the conversion of digital currencies into spendable funds within their GrabPay Wallets.
For example, more than $18 billion worth of Tether, the blockchain cryptocurrency whose cryptocoins are backed by an equivalent amount of traditional currencies, including the euro, dollar, or yen in a bank account, has moved from East Asian addresses to those based in other regions. Cryptocurrency has not been without controversy.
billion in 2022, new data released by blockchain analysis firm Chainalysis reveal. While bitcoin had long been the preferred crypto for criminals, stablecoins became in 2022 the dominant choice for illicit transactions, a shift that’s in part attributed to their overall growth and larger share in crypto activity.
As the digital economy expands, assets like Bitcoin and Ethereum are becoming crucial in long-term portfolio strategies. Hedge Against Inflation – Digital currencies like Bitcoin, often referred to as digital gold, provide protection against currency devaluation and economic uncertainty.
Over 15,000 businesses worldwide accept Bitcoin payments as of 2024. The adoption of blockchain technology has further revolutionized cross-border P2P transfers. Blockchain-based platforms, such as Ripple, have reduced the cost and time associated with international transfers.
In recent years, the firm has not only shored up its presence in more familiar sectors like banking, but also reached deeper into newer territory like blockchain. Blockchain a16z has actively invested in companies developing blockchain platforms for years. Fintech is central to a16z’s investment strategy.
The approval of Bitcoin Spot Exchange Traded Funds (ETFs) by the US Securities and Exchange Commission earlier this year for one, has boosted sentiment while across the globe, governments are actively working towards spelling out new rules for this asset class, suggesting much potential for further growth and development. .
Since Bitcoin’s inception in 2009, the crypto world has jumped from one height to the next continually breaking records. The emergence of spot Bitcoin ETFs is just one example of this integration, with more to come as traditional finance and crypto become increasingly intertwined. Major blockchain networks such as Ethereum 2.0
Bitget Research has attributed much of this growth to favourable local crypto regulations in the Middle East, the approval of Bitcoin ETFs , and the increasing attractiveness of digital assets amid a market upturn. Twenty-nine per cent of UAE-based users surveyed believe that digital assets offer a more convenient way of holding assets.
Karen Jones , founder and CEO of Citywealth “NFTs work side by side with crypto which in 2024 is recording bitcoin at over $70,000, an all-time high, so a revival will come with price upswing. NFTs are mainly a marketplace for people who understand crypto and it’s driven by tech and art.
Cryptocurrencies Market Resurgence The resurgence in cryptocurrency prices and the anticipated halving of Bitcoin in mid-2024 has reignited interest in the potential of distributed ledger technology to reshape the financial landscape. It remains to be seen how the industry will evolve and address these challenges in 2024.
After the US Securities and Exchange Commission (SEC) approved Bitcoin exchange-traded funds (ETFs), the number of crypto fund products with significant carbon footprint grew dramatically. per cent of the market share and carbon footprint – for physically-backed Bitcoin funds within just a couple of months. million times.
Unlike traditional cryptocurrencies, stablecoins offer price stability while maintaining the benefits of blockchain technology, making them an ideal option to accept payment in crypto. But what is causing the wide adoption of stablecoins among EU companies, and why is our payment gateway for cryptocurrency emerging as the preferred choice?
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content