Luxury yacht firm accepts Bitcoin, hosts mobile and web services on blockchain

A luxury yacht firm has announced it will begin accepting cryptocurrency for its services and expects to see an immediate 40% growth increase from Bitcoin (BTC) payments in the first year. In addition to accepting Bitcoin payments, the firm also announced that it would base its web and mobile services on blockchain technology as it provided more transactional security than any other system. The firm stated that it expects to see $6.5 million in revenue in the coming year, primarily from its yacht charter service and the bespoke experiences it…

Kenya Based Technology Firm Switches to Pancakeswap, Cites High Gas Fees on Uniswap – Altcoins Bitcoin News

In its bid to help users avoid high gas fees on Uniswap, a Kenya-based fintech firm, UTU, recently launched a liquidity pool on the decentralized exchange (dex), Pancakeswap. This launch enables prospective UTU coin buyers to acquire the token “with low fees and fast confirmation times.” In a statement posted on the firm’s blog, UTU, which wants to end the anonymous star ratings, reviews, and scores as the de facto trust mechanisms, says this move had been necessitated by the feedback received from users. The statement explains: You have expressed…

Cardano nears $2, Nano jumps 125% in firm shrug to Bitcoin bears and Elon Musk

Cardano’s ADA token, the fourth-largest cryptocurrency by market capitalization, hit new all-time highs on May 13 as bulls refused to follow the broad market downtrend.  ADA/USD 1-hour candle chart (Binance). Source: TradingView ADA wows weary traders Data from Cointelegraph Markets Pro and TradingView confirmed new record highs for ADA/USD on May 13, with the pair touching $1.96. The move is impressive and brings Cardano within inches of the psychologically significant $2 landmark. The altcoin had followed many other large-cap cryptocurrencies higher in previous weeks, but May 13 showed a surprising resilience to…

Cybersecurity Firm Spots a Crypto Stealer Distributed Through a Massive Email Spam Campaign and Discord Channels – Security Bitcoin News

A crypto stealer seems to have spread through a massive spam campaign across several countries, including the United States, Australia, Japan, and Germany. The malware dubbed “Panda Stealer” has been spotted by a cybersecurity company. It is reportedly also distributed on Discord channels. Malware Can Also Steal Data From Telegram and Discord Apps According to the report published by Trend Micro, the stealer is a variant of another malware named “Collector Stealer,” which utilizes the same algorithms to bypass most detection tools. The malware is contained within a malicious Excel…

Goldman Sachs Exec Says Much Nope To Firm After Making Millions On Dogecoin

According to The Telegraph, a senior Goldman Sachs executive has quit the firm after making millions from Dogecoin. Aziz McMahon, the Head of Emerging Market Sales, resigned after 14 years with the investment bank. It’s reported McMahon has opened a hedge fund with his gains. But an exact figure on how much he made is unknown at this time. Since the start of the year, the value of DOGE is up approximately 10,000%, forcing a new narrative over what constitutes sound investing. While the naysayers continue to blow cold on…

South African Regulator Apologizes to Crypto Firm After Issuing Then Withdrawing a Warning in Less Than 24 Hours – Regulation Bitcoin News

South Africa’s Financial Sector Conduct Authority (FSCA) has apologized to a Cape Town-based crypto start, Ovex, less than 24 hours after warning that the firm was operating outside the law. Ovex Does Not Require Licence From FSCA In its May 7 retraction, the financial watchdog said the findings of an investigation into Ovex, which specializes in crypto arbitrage services, suggest that the firm is operating outside the FSCA’s purview. The statement says: Based on the information provided by Ovex we are satisfied that Ovex does not currently require a licence…

CFO of World’s Largest Hedge Fund Joins Institutional Bitcoin Firm NYDIG

NYDIG, a leading bitcoin financial services firm, has announced that it will welcome the CFO of Bridgewater Associates John Dalby to its team. Dalby joins NYDIG as the new Chief Financial Officer (CFO) in what represents one of the biggest personnel shifts from the mainstream financial industry to the crypto world. Contributing to the Greater Good  The new CFO held a similar position at Bridgewater Associates, the world’s largest hedge fund, before his appointment to NYDIG. Dalby said that he is delighted to join the team and was committed to…

Crypto Payment Firm Simplex Acquired by Publicly-Listed Canadian Firm Nuvei for $250 Million – Finance Bitcoin News

The publicly-listed Canadian firm Nuvei Corporation announced the acquisition of the cryptocurrency company SimplexCC Ltd in an all-cash deal for $250 million. The deal is pending regulatory approval and Nuvei expects Simplex to “enhance” the firm’s portfolio of alternative payment method solutions. Nuvei Acquires Crypto Payments Provider Simplex On May 6, the Canadian company Nuvei (TSX: NVEI), a global payment technology firm, revealed the acquisition of the crypto asset payment operation Simplex. The digital currency startup offers fiat to the crypto on and off-ramps alongside the ability to provide Visa…

Bridgewater Associates CFO heads to Bitcoin-focused firm

Departing his position as the chief financial officer of Bridgewater Associates, John Dalby will assume the post of chief financial officer for Bitcoin-focused tech and finance company NYDIG. “The NYDIG team and I are extremely excited to welcome John,” NYDIG CEO and co-founder Robert Gutmann said in a public statement released on Friday. He added: “His kindness, curiosity, and humility, combined with his deep financial services experience, are a perfect match for NYDIG as we continue to build institutional Bitcoin solutions. Working on Bitcoin is increasingly what many of the…

Tajik government taps blockchain firm for e-government infrastructure

President of Tajikistan Emomali Rahmon is pursuing an ambitious integration of blockchain technology into his government’s ongoing modernization drive.  According to an announcement from smart contract platform Fantom, a new public-private partnership between the Fantom Foundation and the Tajik Ministry of Industry of New Technologies will see the two roll out a range of blockchain-based solutions across nationwide IT infrastructure. The scope of the partnership is to research, develop and implement various blockchain-enabled data-sharing, transparency and automation solutions. As a first step, the partners will establish an R&D hub to train local…