PayPal enables business accounts to buy, sell, and trade crypto

As part of a recent lengthy position paper on crypto, a South African regulatory body called the Intergovernmental Fintech Working Group, or IFWG, mentioned crypto as a possible but unlikely risk to the country's monetary system at present.  In its April 16 paper, under a section titled "the risks of crypto assets," the IFWG said:"The risk…

The Australian crypto exchange had $23.4 million of digital assets locked on FTX when it collapsed and FTX's Australian subsidiary went into administration. Own this piece of history Collect this article as an NFTAustralian cryptocurrency exchange Digital Surge appears to have narrowly avoided collapse, despite having millions of dollars in digital assets tied up in…

While the contract does wrap ETH sent to the address into WETH, the opposite is not true. 1124 Total views 29 Total shares In a now-deleted deleted profile, an anonymous Reddit user allegedly lost close to $500 thousand on Sunday after sending wrapped Ether (WETH) directly into a WETH wrapping smart contract. WETH came into…

Kim Reece is now a finalist for the Samuel J. Heyman Service to America Medal. 654 Total views 16 Total shares Criminal analyst, Kim Reece, has been nominated as a finalist for the Samuel J. Heyman Service to America Medal for her efforts in shutting down a major child porn site. News of the nomination…

Companies in the cryptocurrency industry still have trouble opening bank accounts, major financial publication Bloomberg reported on March 3.The report cites the complaint of Sam Bankman-Fried, CEO of quantitative crypto trading company Alameda Research, that “the standard answer of ‘just go to your local Chase branch’ doesn’t work in crypto.” Bankman-Fried also added that it…

The iFinex–Tether market manipulation lawsuit continues. Last week, Judge Katherine Failla of the Southern District of New York selected Roche Cyrulnik Freedman as interim lead plaintiff counsel, and four civil actions were consolidated into a single class action: Leibowitz v. iFinex Inc. In the complaints, iFinex’s subsidiary, Bitfinex, and related stablecoin Tether (USDT) are charged with…

Russian government-backed corporation Rostec intends to cut spendings on the blockchain development in the country by at least 50%.According to Rostec’s roadmap, the organization is planning to spend 28.4 billion rubles ($453.2 million) on the development of blockchain technologies in Russia by 2024, instead of initial 55 billion ($877.8 million) to 85 billion rubles ($1.3…

Ethereum token issuance will be greatly reduced with Ethereum 2.0 says Vitalik Buterin. 1916 Total views 52 Total shares Ethereum co-founder Vitalik Buterin said that issuance on the Ethereum 2.0 upgrade will be drastically reduced in a podcast interview with POV Crypto called “Internet Money”. Discussing some of the differences between Bitcoin (BTC) and Ethereum…