Bitcoin (BTC) Dips to $60k as Turkey Bans Crypto as a Form of Payment

Turkey has announced a move to ban cryptocurrencies as a form of payment The Turkish Central Bank cites that cryptocurrencies can cause ‘non-recoverable’ losses due to their level of anonymity The crypto ban in Turkey begins April 30th Bitcoin has dropped from $63k to a local low of $60,050 as a result of the news The Turkish Central Bank has announced a plan to ban cryptocurrencies as a form of payment effective April 30th. According to Bloomberg, the Turkish Central bank believes that the anonymity behind digital assets has the…

Switzerland’s AXA Introduces Bitcoin as a New Payment Method

AXA, a Swiss arm of the insurance giant, announced today that its customers can now make Bitcoin payments. This move makes it the first insurer to allow cryptocurrency payments. As cryptocurrencies go mainstream, AXA is looking into meeting the growing demand, as confirmed by Claudia Bienentreu, Head of Open Innovation at AXA Switzerland. A ‘Wide-range’ Payment Method With headquarters located in Winterthur, the company provides both private and corporate benefit from its wide range of insurance solutions. The solutions stretch from property, liability, and personal insurance to customized life insurance…

Switzerland's largest insurer AXA starts accepting Bitcoin as payment

Europe's second-largest insurance firm AXA has become Switzerland's first all-line insurer to offer its customers the option to pay their bills with Bitcoin (BTC), facilitated through a collaboration with the established cryptocurrency broker Bitcoin Suisse. Bitcoin payments will be accepted for nearly all AXA products except for life insurance, due to regulatory barriers to the latter.  AXA has cited the accelerated digital transformation of the global economy during the coronavirus pandemic as being a key factor in its choice to integrate cryptocurrency into its everyday operations. However, even back in…

Popular Nightclub E11even Miami Reveals Cryptocurrency Payment Acceptance – Bitcoin News

While crypto assets have seen monumental gains this week, the popular nightclub in Florida, E11even Miami will accept bitcoin and a slew of other digital assets for merchandise, beverages, and tables. Following the pandemic, E11even Miami will be reopening on April 23 and will have crypto asset support when the nightlife establishment reconvenes services. 24-Hour Nightclub E11even Miami to Support Crypto Payments Since 2014, E11even Miami has been a popular nightclub in the Sunshine State and well known for operating 24 hours a day and seven days a week. In…

Real Estate Billionaire Buys Bitcoin, Accepts BTC for Rent Payment at His Residential and Retail Properties – Featured Bitcoin News

Billionaire real estate mogul Rick Caruso has revealed that his company has invested in bitcoin for its treasury and will begin accepting the cryptocurrency for rent payment at its properties. Among the tenants of one of his properties is Elon Musk’s Tesla. Caruso said, “We believe that cryptocurrency is here to stay.” Caruso Going the Tesla Route, Investing in Bitcoin and Accepting It as a Means of Payment Billionaire real estate developer known for his lavish outdoor malls, Rick Caruso announced Wednesday on CNBC that his real estate company, Caruso…

Citi and IADB complete cross-border payment pilot with blockchain tech

Banking giant Citigroup has successfully completed a proof-of-concept for blockchain-based cross-border payments in collaboration with the Inter-American Development Bank, or IADB. According to a Thursday announcement, Citigroup’s Citi Innovation Labs and the IADB enabled several disbursements from the United States to a recipient in the Dominican Republic using the LACChain blockchain network — a proprietary effort by IADB’s regional program LACChain. As part of the project, the IADB deposited tokenized funds denominated in U.S. dollars in a Citi account and transferred the funds using digital wallets, IADB’s blockchain specialist and…

Citi and IADB complete cross-border payment pilot with blockchain tech

Banking giant Citigroup has successfully completed a proof-of-concept for blockchain-based cross-border payments in collaboration with the Inter-American Development Bank, or IADB. According to a Thursday announcement, Citigroup’s Citi Innovation Labs and the IADB enabled several disbursements from the United States to a recipient in the Dominican Republic using the LACChain blockchain network — a proprietary effort by IADB’s regional program LACChain. As part of the project, the IADB deposited tokenized funds denominated in U.S. dollars in a Citi account and transferred the funds using digital wallets, IADB’s blockchain specialist and…

Blockchain Startup Elrond Brings eGold Payment Facility for US Shoppers at Amazon, Walmart and eBay

Elrond has partnered with blockchain platform Shopping.io who will bring the facility for users to spend their eGold tokens at some of the world’s most popular eCommerce marketplaces. The eCommerce industry is already booming and set for a massive expansion over the next decade. The eCommerce industry alone contributes to 21% of the total retail spendings across the US blockchain startup Elrond has come with a unique and exciting idea for US customers. On Tuesday, April 6, Elrond announced a new eGold payment facility directly at Amazon, Walmart, and eBay.…

Tesla Discovers and Helps Bitcoin Payment Processor Patch Bug

The BTCPay team has revealed that Elon Musk’s Tesla has discovered and assisted them in patching a serious bug in their server, according to a GitHub post on March 30, 2021.  Tesla Patches Critical BTCPay Bug While the Bitcoin (BTC) network has proven to be one of the most resilient, secure, and robust blockchains over the years, there have however been numerous instances where bad actors have exploited loopholes on third-party platforms to steal users’ funds. In the latest development, Elon Musk’s Tesla Motors, the world’s leading manufacturer of electric…

Scottish music school accepts cryptocurrency as payment for lessons

A Scottish music school will begin accepting cryptocurrency for tuition payments following demand from students, it was announced this week. The Morningside School of Music in Edinburgh said it was responding to suggestions from adult pupils in the school, many of whom now work in the city’s burgeoning fintech sector. Morningside’s director, Linda Boyd, said the school had previously used cryptocurrencies like Bitcoin (BTC) to make business purchases and could see the utility in accepting it as a form of payment.  She said, “We sometimes use things like Bitcoin to…