Detroit residents will be able to pay taxes with crypto from mid-2025
Detroit says the move to begin accepting crypto as payment for taxes and other city services was part of a broader effort to “modernize and improve” its payment channels.
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Blockchain could help shared device merchants avoid credit card fees, MasterCard says. MasterCard's Singapore-based subsidiary filed a patent with the U.S. Patent Office detailing a payment system for using hardware devices that specifically mentions Iota's (MIOTA) Tangle technology. The patent claim, published on Aug. 20, proposes a pay-as-you-go system that uses a "transparent data storage system…
Lykke crypto exchange acknowledges hack after halting withdrawals
The Lykke team acknowledged that they halted withdrawals after an attack drained $22 million in crypto from its wallets on June 4.
NFT holders sue art gallery, alleging it broke metaverse promise
A group of NFT holders sued the creators, claiming they took no significant steps to fulfill promised perks and had no knowledge of blockchain.
Senate confirms pro-crypto Scott Bessent as US Treasury Secretary
As US Treasury secretary, billionaire hedge fund manager Scott Bessent will have sway over fiscal policy, financial regulations, international sanctions and overseas investments.
Pudgy Penguins CEO unfazed by SEC actions against the NFT sector
While the SEC focuses on investor protection, Pudgy Penguins CEO Luca Schnetzler believes that investors should also hold some form of accountability for their purchases.
Price analysis 3/31: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
Data from the Personal Consumption Expenditures (PCE) index showed an uptick of 0.3% in February, which lower than the 0.5% increase seen in January. Economists had projected a rise of 0.4% and the PCE data suggests that inflation is gradually showing a decreasing trend. Risky assets rallied in response to the data and some analysts expect…
3 reasons why traders want to buy the Bitcoin price dip to $58.5K
Cryptocurrency traders are scrambling and scratching their heads after a sharp drop in Bitcoin (BTC) price triggered a market-wide sell-off that has nearly every token in the top-200 flashing red on Nov. 16. Data from Cointelegraph Markets Pro and TradingView shows that Bitcoin price dropped as low as $58,609 before finding buyers who bid the price back…
Exploring the landscape of crypto regulations in sub-Saharan Africa
Sub-Saharan Africa has no doubt suffered many regulatory setbacks in adopting cryptocurrencies. With most countries in the region struggling not to buckle under economic uncertainties and pressures looming over them even as the ripple effects of COVID-19 set in, it would appear that many Africans, especially millennials, aren’t waiting for the government anymore.The main issue…