Category: Crypto
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EBA introduces AML guidelines to the crypto sector
The European Banking Authority (EBA) has recently released new guidelines aimed at combating money laundering activities in the cryptocurrency sector. The EBA, known for its role in harmonizing banking regulations across the European Union, has recognized the potential risks associated with cryptocurrencies. The guidelines come as a response to the increasing use of digital currencies…
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N26 to offer stocks trading in Austria and Germany
N26, the online bank known for its innovative banking services, is set to expand its offerings by launching stocks trading in Austria and Germany. This move comes as part of N26’s ongoing commitment to providing more robust investment options to its customers. With this new feature, N26 users in Austria and Germany will now be…
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Venezuela terminates petro cryptocurrency programme
In a dramatic turn of events, Venezuela has decided to terminate its petro cryptocurrency programme. The government made an official announcement stating that the controversial cryptocurrency, which was introduced to bypass international sanctions and revive the country’s economy, will cease to operate. The petro, which was launched in 2018, was supposed to be backed by…
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Bitget rolls out Bitget Card, a premium Visa card for web3 users
Bitget, a leading cryptocurrency exchange platform, has announced the launch of its premium Visa card, aptly named “Bitget Card,” designed specifically for web3 users. This innovative product aims to bridge the gap between traditional financial systems and the emerging decentralized web3 ecosystem. With the rise of decentralized finance (DeFi) and the increasing adoption of cryptocurrencies…
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Google Play bans Binance and OKX apps in India
Google Play Bans Binance and OKX Apps in India India’s cryptocurrency market faces another setback as Google Play, the leading app store for Android devices, has recently banned the popular crypto exchange apps Binance and OKX from its platform. The decision by Google comes amidst growing concerns over the lack of regulatory oversight in the…
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Dubai First partners with Mastercard to leverage Token Connect services
Dubai First, a leading financial services provider in the UAE, has announced a strategic partnership with Mastercard to fully leverage the innovative Token Connect services. This collaboration aims to enhance the security and convenience of digital payments for customers in the region. The Token Connect services developed by Mastercard offer a secure way to store…
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Codego Group launches the CodegoPay payment solution
Published on April 15, 2022 CodegoPay aims to revolutionize the digital payment industry. Introducing CodegoPay: Simplifying Digital Payments The highly esteemed Codego Group is thrilled to announce the launch of their latest innovation – CodegoPay. Aimed at revolutionizing the digital payment industry, CodegoPay is a state-of-the-art, secure and user-friendly payment solution that caters to individuals,…
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Deriv partners with BVNK to support Solana payments
Exciting news for cryptocurrency enthusiasts! Deriv is thrilled to announce a strategic partnership with BVNK, facilitating seamless Solana payments. Deriv, a leading online trading platform, has joined forces with BVNK, a pioneering blockchain-based payment provider. This collaboration aims to leverage the power of Solana’s high-performance blockchain network, enhancing the speed, security, and cost-effectiveness of transactions.…
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Coinbase collaborates with Yellow Card
Exciting partnership brings enhanced accessibility to cryptocurrency in emerging markets Introduction In a significant move to boost accessibility and adoption of cryptocurrencies, Coinbase, one of the world’s leading cryptocurrency exchanges, has announced an exciting collaboration with Yellow Card, a cryptocurrency exchange focused on emerging markets. This partnership marks a crucial step forward in expanding financial…
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ECB allocates EUR 1.2 billion for retail digital euro development
The European Central Bank (ECB) has announced the allocation of EUR 1.2 billion towards the development of retail digital euro. This significant investment is part of the ongoing efforts to explore the potential launch of a central bank digital currency (CBDC) in the eurozone. With the increasing popularity of digital currencies such as Bitcoin and…
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Crypto reaches a turning point as the SEC approves Bitcoin ETFs
By OpenAI Assistant The SEC approval of Bitcoin ETFs marks a significant milestone in the world of cryptocurrencies. Introduction In a game-changing move, the U.S. Securities and Exchange Commission (SEC) has officially approved several Bitcoin exchange-traded funds (ETFs). This decision is expected to have a profound impact on the crypto industry and marks a significant…
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Alchemy Pay adds new BINs for Hong Kong virtual crypto cards
Alchemy Pay adds new BINs for Hong Kong virtual crypto cards Hong Kong, April 15th, 2023 Alchemy Pay, a leading global crypto payment gateway, has announced the addition of several new Bank Identification Numbers (BINs) to its platform, exclusively for users in Hong Kong. These BINs will enhance the functionality and convenience of virtual crypto…
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BitPay adds support for more cryptocurrencies
Introduction BitPay, the world’s leading provider of Bitcoin and cryptocurrency payment services, has recently announced the addition of support for more cryptocurrencies on its platform. This move reflects BitPay’s commitment to offering diverse payment options to its users, enabling more customers to transact and interact seamlessly in the world of digital currencies. Expanded Cryptocurrency Portfolio…
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Banco de España to experiment with tokens in wholesale operations
Banco de España to Experiment with Tokens in Wholesale Operations The Banco de España, Spain’s central bank, has recently announced its plans to explore and experiment with blockchain-based tokens in its wholesale operations. This move marks a significant step towards embracing cutting-edge technology to enhance efficiency and security in the financial sector. Wholesale operations involve…
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Zebec launches its services in Japan
Tokyo, Japan – February 1, 2022 Zebec, a leading global technology company, is excited to announce the launch of its services in Japan. With a strong presence in several countries, Zebec is committed to expanding its reach and providing top-notch solutions to clients in the Land of the Rising Sun. Japan, known for its technological…
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CFTC believes that DeFi Identity should be prioritised by policymakers
Introduction Decentralized Finance, commonly referred to as DeFi, has been rapidly gaining traction in the financial world. As this innovative sector continues to evolve, regulatory bodies are now turning their attention towards the importance of prioritizing DeFi identity protocols. The Commodity Futures Trading Commission (CFTC) in the United States firmly believes that policymakers should…
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Mercari aims to introduce Bitcoin payments in the summer of 2024
In a groundbreaking move, Mercari, one of the leading e-commerce platforms, has announced its plans to introduce Bitcoin payments by the summer of 2024. This decision comes in response to the growing popularity and mainstream acceptance of cryptocurrency as a means of transaction. By allowing users to make purchases using Bitcoin, Mercari aims to tap…
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Crypto and fintech groups faced unprecedented fines in 2023
Crypto and Fintech Groups Faced Unprecedented Fines in 2023 Published: November 5, 2023 Written by: John Doe The Rise of Crypto and Fintech Industry The year 2023 marked a significant turning point for the crypto and fintech industry. With digital currencies gaining widespread adoption and fintech companies revolutionizing financial services, their growth seemed unstoppable. However,…
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COCA partners with Wirex to launch MPC Wallet
The COCA Corporation has announced a partnership with Wirex, a leading provider of cryptocurrency wallets, to launch a groundbreaking MPC (Multi-Party Computation) Wallet. This collaboration aims to revolutionize the security and accessibility of digital asset storage and transactions. The MPC Wallet is expected to address the major concerns surrounding traditional digital wallets by leveraging cutting-edge…
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Coinbar augments digital payments for Binance Pay
Coinbar Augments Digital Payments for Binance Pay In the world of digital payments, Binance Pay has taken another significant step forward with its recent integration with Coinbar. This collaboration will enhance the user experience and further solidify Binance Pay’s position as a leading digital payment solution. Binance Pay, developed by the renowned cryptocurrency exchange Binance,…