Intuit Scores Patent for Processing Bitcoin Payments With Text Messages

Bankrupt crypto lender Celsius is suing liquid staking platform StakeHound over the platform's alleged failure to return $150 million worth of ether (ETH), Polygon's MATIC, Polkadot's DOT, and other tokens.According to court filings, Celsius entrusted StakeHound with 25,000 staked native ETH, 35,000 native ETH, 40 million MATIC, and 66,000 DOT in 2021. Celsius exchanged the…

This episode is sponsored by NYDIG.Last weekend, Jack Dorsey set the internet alight when he proclaimed, “Hyperinflation is going to change everything. It’s happening.” That kicked off a mighty debate involving Cathie Wood, Elon Musk, Jeff Booth and others. At the heart of it is the question of whether inflation or deflation is the more…

news Hong Kong’s Securities and Futures Commission (SFC) has issued regulations for fund managers investing in “virtual assets.” In an Oct. 4 announcement, the financial market watchdog formalized a framework put out in November last year that was aimed to regulate funds that allocate more than 10 percent of their portfolio in virtual assets. The 37-page…

Tezos co-founder Arthur Breitman speaks in 2017. (Credit: CoinDesk archives)Tokenized bitcoin is coming to the Tezos blockchain.Announced Wednesday, the Bitcoin Association Switzerland, Tezos Foundation and multiple partners will issue the first tokenized version of bitcoin on the Tezos blockchain, tzBTC. The asset will also be the first vehicle for Tezos-based decentralized finance (DeFi), according to…

Sep 21, 2020 at 17:12 UTCUpdated Sep 21, 2020 at 17:17 UTCBitcoin prices, Sept. 21, 2020.Prices for both bitcoin and ether fell sharply in the past 24 hours, after a drop in global equities. The top cryptocurrency by market value was traded around $10,401.18 at press time, losing 4.64% over the previous 24 hours, while…

Western Union was downgraded to neutral from buy at investment bank BTIG, which says the company’s money transfer platform may face pressure from free alternatives including Facebook’s new digital remittance app, Novi.BTIG analyst Mark Palmer also sees competition from Strike’s service, which leverages the Lightning Network on the Bitcoin blockchain for free remittances. Jack Mallers’…

Last week the International Monetary Fund (IMF) – a United Nations organization that effectively operates as a global lender of last resort – and the Bank for International Settlements (BIS) – a super-governmental central banking agency – published separate reports about the future of the monetary system. Both reports mentioned crypto and central bank digital…

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.A U.S. court in California has handed Yuga Labs, the company behind the popular Bored Ape Yacht Club (BAYC) NFT collection, a legal victory in…

Major tokens experienced a significant drop in the past 24 hours, with bitcoin falling 5% and other major tokens like ether, Cardano's ADA, and BNB Chain’s BNB showing similar losses.Liquidations of long positions, or bets on higher prices, amounted to over $400 million, while shorts, or bets against, took on a relatively smaller $85 million.