Month: January 2022

Strike Arrives in Argentina With USDT Support, No Bitcoin Integration Yet – Bitcoin News

boss

Strike, a bitcoin-based wallet and exchange service, has landed in Argentina, bringing USDT integration to users in the country. Jack Mallers, CEO of Strike, explained that his objective for bringing the app to the country has to do with providing a platform for Argentinians to hold a stable value in cash. This value will be held in the form of USDT, with no option for storing bitcoin, at least at launch. Strike Brings Stablecoin Integration to Argentinians Strike, a popular bitcoin-based wallet, has launched in Argentina, bringing a…

Checkout.com raises $1B in Series D, bringing valuation to $40B

boss

Global payments processor Checkout.com announced a $1 billion Series D funding round on Wednesday, which marks a total of $1.8 billion raised to date and a $40 billion company valuation. Among the primary investors in the latest round are Altimeter, Dragoneer, Franklin Templeton, GIC, Insight Partners, the Qatar Investment Authority, the Oxford Endowment Fund and more. Big news We’ve just closed our $1bn Series D funding round at a $40 billion valuation. It will help drive our US growth, our platform evolution, and exciting work in Web3 Read more from…

Visa Survey Shows Crypto Payments Could Boom In 2022

boss

The payment company giant Visa Inc just surveyed 2,250 small businesses from nine countries to understand if merchants are planning to adopt crypto to receive payments. Results show that over 25% of them want to start doing so this year. Reuters reported that Visa expects many retail businesses to join the crypto boom starting this year. The payment company has been long involved in the cryptocurrency industry and is interested in its mainstream acceptance as an opportunity to grow its own line of products and services. Visa currently offers cryptocurrency-linked cards…

NBA Top Shot Bans User ‘FreeHongKong’

Dapper Labs’ popular NBA Top Shot non-fungible token (NFT) marketplace froze the account of a user whose handle is a reference to the basketball league’s fraught history with China. After submitting a photo of their passport in an attempt to cash out the account’s balance, a user with the name “FreeHongKong” was banned by Dapper’s support team for “providing false or misleading information during the verification process,” according to a Dec. 30 email seen by CoinDesk. “This activity breaches one or both of the Top Shot Terms of Use and/or…

Northwest Arkansas offering $10K in Bitcoin to attract remote workers

boss

The Northwest Arkansas Council, consisting of business leaders aimed at promoting development in the region, has announced a crypto incentive program to bring in tech professionals and entrepreneurs willing to work remotely. In a Wednesday announcement, council president and CEO Nelson Peacock said the area would be looking to expand its range of talent in the tech industry by offering $10,000 in Bitcoin (BTC) — roughly 0.23 BTC at the current price of $43,610 — in addition to a bicycle or membership to arts and cultural facilities. The “Bitcoin and…

Bitcoin Rises Above $43K; Resistance at $45K-$48K

boss

Bitcoin (BTC) buyers held support around $40,000 as oversold signals appeared on the charts. The recent bounce suggests the cryptocurrency is starting to recover after a near-30% decline from its all-time high around $69,000 in November. The relative strength index (RSI) on the four-hour chart is approaching overbought levels, similar to what occurred in late-December, which preceded a brief pullback. The RSI on the daily chart, however, continues to rise from oversold levels, which means buyers could remain active on price dips. Still, given the short-term downtrend, upside appears limited…

Crypto Firms Can’t Outrun the Travel Rule

None of that has turned out to be true. In contrast, the onset of regulation is strengthening trust to the industry and is promising to be a great boon to the industry. Since Bitcoin emerged 12 years, entrepreneurs have created thousands of types of virtual assets, including stablecoins. Bitcoin and ether both hit new all-time highs in 2021 amid a wider rally in crypto markets, which are now estimated to have surpassed $3 trillion. Rather than smothering development, regulation has helped ease concerns about crypto being the “Wild West” of…

Crypto Fear Reaches Six-Month Peak: Time To Buy Bitcoin?

boss

Fear in the crypto market is now the highest it has been in the last six months, suggesting that now may be the time to buy Bitcoin. Crypto Fear And Greed Index Shows Lowest Value In Six Months As per the latest weekly report from Arcane Research, the fear and greed index reached the lowest values this week since July. The “fear and greed index” is an indicator that measures the general sentiment around the Bitcoin and wider crypto market. The metric uses a numeric scale that goes from zero…

FinCEN, FDIC to Hold ‘Tech Sprint’ for Digital Identity Tools

CryptoX – Cryptocurrency Analysis and News Portal In the upcoming tech sprint, which doesn’t yet have a specific start date, participants will be asked to come up with a “scalable, cost-efficient, risk-based solution to measure the effectiveness of digital identity proofing to ensure that individuals who remotely (i.e. not in person) present themselves for financial activities are who they claim to be.” Original Source The post FinCEN, FDIC to Hold ‘Tech Sprint’ for Digital Identity Tools appeared first on CryptoX. CryptoX Portal

FinCEN, FDIC to Hold ‘Tech Sprint’ for Digital Identity Tools

In the upcoming tech sprint, which doesn’t yet have a specific start date, participants will be asked to come up with a “scalable, cost-efficient, risk-based solution to measure the effectiveness of digital identity proofing to ensure that individuals who remotely (i.e. not in person) present themselves for financial activities are who they claim to be.” Source