Category: N-Featured
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Outrage Over Union Bank of Nigeria’s Threat to Close Crypto-Related Accounts
Nigerian digital asset owners have reacted angrily to Union Bank’s threat to close all cryptocurrency-linked accounts. Investors have accused the local banking system of hypocrisy, asserting that banks are “unfit” and “scammers” that continue to steal from the poor through spurious charges such as ATM maintenance fees and SMS alerts. Also read: Nigeria’s Union Bank Threatens…
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Major Video Card Supplier Enters Cryptocurrency Mining Business
Sapphire Technology, one of the largest suppliers of AMD-based video cards in the world, has announced that it’s officially entering the cryptocurrency hardware business. The Hong Kong-headquartered company is launching a flagship mining rig. Also Read: Crypto ATM Network Coinsource Expands Into Upstate New York A New Player Enters the Field Sapphire’s new rig, the…
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Crypto ATM Network Coinsource Expands Into Upstate New York
With a New York state Bitlicense in hand, Coinsource is now expanding into new areas. And with the addition of machines in four more states, the cryptocurrency ATM network now operates over 200 kiosks in more than 20 American jurisdictions. Also Read: Bitstamp to Deploy Market Surveillance to Fight Price Manipulation Empire State of Mind…
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The Daily: ICOs Hunker Down for Crypto Winter, Meta Stablecoins Are Coming
For those who live in the northern hemisphere, winter is coming, while in the cryptosphere it’s already here. In Wednesday’s edition of The Daily, we look at the steps ICOs are taking to preserve their capital as they wait for the markets to warm up again, heralding that winter is over. Also read: Bitstamp to Deploy…
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Bitstamp to Deploy New Market Surveillance Tool to Fight Price Manipulation
The cryptocurrency market is a target of the same manipulation and abuse that the equity, commodity and forex markets have suffered for years, and exchanges that wish to protect their clients need ways to monitor trading activity. Bitstamp is now the latest exchange to implement such a tool. Also Read: Chinese Startup Gets Crypto Custodial Services…
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Fine Jewelry Dealer Birks Group Now Accepts Bitcoin
On Tuesday, Canadian company Birks Group, a fine jewelry operation since 1879, announced its plan to accept bitcoin for products and services at eight select locations. Birks Group and its retail stores will accept cryptocurrencies through a partnership with Bitpay. The collaboration marks the first major implementation of Bitpay’s point-of-sale solution for brick-and-mortar locations within…
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Nigeria’s Union Bank Threatens to Shut Down Cryptocurrency-Related Accounts
A large commercial bank in Nigeria has threatened to shut down an undisclosed number of cryptocurrency-related accounts without explanation. Lagos-based Union Bank claims that any decision to do so would be in line with the Central Bank of Nigeria’s (CBN) past warnings about cryptocurrency trading. Also read: Malaysian MP “Concerned About Threat” From Cryptocurrencies to Government…
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BCH-Powered Bitcoin Files Project Adds IPFS Support
Last October, the developers of the Bitcoin Cash-powered Bitcoin Files project launched the first iteration of its censorship-resistant file sharing software. At the time, the platform allowed users to upload files of 5kb or less to the blockchain. Now, the latest Bitcoin Files release supports the decentralized Inter-Planetary File System (IPFS), allows users to upload…
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Tether Reopens Fiat-USDT Redemption Platform
Tether is back in business. Its stablecoin platform, which has lain dormant since last year, is to reopen for fiat deposits and tether (USDT) redemption. The move, described by Tether as a “new vision,” ought to return its stablecoin to the parameters it was originally designed to meet. With a minimum fiat deposit of $100,000,…
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The Daily: Binance Moves Away From Tether, Nasdaq Moves Closer to BTC Futures
In this edition of The Daily, we detail the reduced role that tether is playing at the world’s leading cryptocurrency exchange and the progress being made in adding bitcoin futures to the world’s second largest stock exchange. We also round up the latest progress being made in the security token space. Also read: Petition to Free…