Month: April 2023

Bitcoin game developer processes more Lightning Network payments for users outside US

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied THNDR Games, a Bitcoin game developer, made 13.92% of its April payments to addresses in the United States using the Lightning Network (LN). Meanwhile, more than 50% went to nine other countries where LN use has largely flown under the radar. According to data shared by Bitcoin enthusiast Kevin Rooke, only 13% of THNDR Games’ Lightning Network payments in April went to users in the United States. This potentially signify the network’s growing footprint in the…

No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again – Finance Bitcoin News

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Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual basis in April, although this may change later this year. The monetary authority improved its forecast for the Russian economy and now expects growth entirely in positive figures, up to 2.0% for 2023. Bank of Russia Leaves Interest Rate Unchanged for Fifth Consecutive Time At a meeting of its Board of Directors on Friday, the Central Bank of Russia (CBR) kept its key interest rate at the current level of…

PancakeSwap passes proposal that makes CAKE “ultrasound”

PancakeSwap, a leading decentralized exchange (DEX) on the BNB Smart Chain (BSC), has passed the CAKE Tokenomics v2.5 Decision Proposal that makes their native token scarcer.  The proposal aimed to transform the tokenomics model of CAKE, the DEX’s utility token. The primary focus being on low staking inflation where real yield is from the protocol’s revenues. It also looked at adjusting its product to favor longer-term CAKE stakers. Decision Proposal for CAKE Tokenomics v2.5 has passed, which will adjust CAKE Syrup Pool emissions from 6.65 CAKE/block to 3 CAKE/block immediately…

Mastercard to expand crypto payment card program

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 banks and the cryptocurrency industry. Mastercard to explore new crypto partnerships Dhamodharan has cited the desire to give people access to cryptocurrency in a secure manner as the motivation behind Mastercard’s expansion plans. JUST IN: Mastercard to expand crypto card program by seeking more partnerships with crypto exchanges. —…

First Republic Bank Faces Potential Takeover by FDIC Amidst Financial Struggles – Bitcoin News

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According to multiple reports, First Republic Bank is facing significant financial difficulties and could be taken over by the Federal Deposit Insurance Corporation (FDIC) if private sector banks do not intervene. The FDIC has reportedly approached several large commercial banks regarding purchasing First Republic after the bank’s stocks dropped more than 50% on Friday. FDIC Considers Taking Over First Republic Bank as Financial Troubles Deepen, Urges Private Sector to Step In First Republic Bank’s shares were halted multiple times on the New York Stock Exchange this week, with the stock…

Ripple sells $336m in XRP tokens during Q1

According to the latest XRP Markets Report, Ripple, a blockchain company developing global payment products, sold over $361 million of XRP tokens in Q1.  $361 million is a significant increase from the previous quarter, which saw sales of $226.31 million.  These numbers were made available in Ripple’s regular XRP Markets Report release, which occurs every quarter to provide transparency and updates on the company’s perspective regarding the state of the cryptocurrency markets.  The report covers Ripple’s quarterly XRP sales, XRP Ledger updates, and relevant XRP-related news, along with commentary on…

Netflix Star Driving Bitcoin Adoption With Porsche Flying El Salvador Flag – Bitcoin News

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Scottish-Salvadoran driver Sebastian Melrose has made his debut in the Porsche Carrera Cup racing championship. The 25-year-old, who took part in a popular Netflix TV series last year, drives a Bitcoin-branded 911 that features the flag of crypto-friendly El Salvador on its rooftop. Bitcoin Racing Team Joins Porsche Carrera Cup With Netflix Celebrity in the Car British racing team Bitcoin Racing has joined the Porsche Carrera Cup together with Richardson Racing, not only to win prizes in one of the U.K.’s biggest racing championships but also to promote crypto. The…

Yuga Labs bolsters leadership with gaming industry vets

Yuga Labs, creator of Bored Ape Yacht Club and Otherside, is adding prominent gaming professionals to its team, including Mike Seavers as its new CTO, in a strategic move to strengthen and expand its unicorn startup. A few months following the appointment of ex-Activision president and COO Daniel Alegre as CEO, Yuga Labs, the mastermind behind Bored Ape Yacht Club and Otherside, is expanding its team with more seasoned gaming professionals to strengthen its unicorn startup. Today, Yuga Labs disclosed that it has enlisted the expertise of Mike Seavers, a…

Dark Web Drug Dealer Ordered to Surrender Millions in Cryptocurrency by UK Authorities

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A drug dealer who used the dark web to supply drugs and was paid in cryptocurrency will be required to forfeit his ill-gotten gains to authorities. Simon Barclay, a resident of Huddersfield, was sentenced last year to prison for peddling heroin and cocaine and then mailing them to buyers throughout the UK. The drug dealer received cryptocurrency worth £5.85 million when he was detained, which he subsequently used to build up his wealth. According to the Proceeds of Crime Act, he has been ordered to repay more than £4.9 million…

Senior Citizen Defrauded of $7.5 Million in a Sophisticated Cryptocurrency Scam in B.C.

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A senior citizen residing in Burnaby, British Columbia, was scammed out of more than $7.5 million in a cryptocurrency fraud, which the Burnaby RCMP unit says is one of the most substantial scams the detachment has ever investigated. The fraudsters employed a double-barrelled approach, first targeting the victim with a cryptocurrency fraud before posing as someone who could assist her in recovering her money. The police have issued a warning in response. The scammers initiated contact with the victim in the spring of 2022, claiming to be seeking information about…