Author: bybito
HSBC has reportedly become the latest British bank to announce that it has suspended payments to cryptocurrency exchange Binance. Citing a consumer warning by the country’s financial regulator, the Financial Conduct Authority (FCA), the bank told its customers: “We’ve made this decision due to concerns about the possible risks to you.” ‘We’re Suspending Payments to Binance,’ Said HSBC British bank HSBC has reportedly become the latest bank to suspend payments to global cryptocurrency exchange Binance. Several people have shared on Twitter a notice they claim to have received from the HSBC Banking Team in the U.K. The notice, titled “We’re…
Nubank, a Brazilian crypto-friendly digital bank is reportedly planning an initial public offering (IPO) on Nasdaq. Nubank is backed by Warren Buffett’s Berkshire Hathaway, and offers investments in a bitcoin exchange-traded fund (ETF). Nubank, or Nu Pagamentos SA as it’s also known, is planning an initial public offering (IPO) of more than $2 billion on the Nasdaq stock exchange for the end of this year, according to Bloomberg, citing people familiar with the matter. Nubank is backed by billionaire Warren Buffett’s Berkshire Hathaway Inc. In June, Berkshire invested $500 million in the Sao Paulo-based digital bank which has more than 40 million clients throughout…
Cryptocurrency prices gained slightly on Monday after gaining steadily during the weekend. Most cryptocurrencies have maintained a positive momentum since last week including Bitcoin. Bitcoin, the world’s most popular cryptocurrency, was trading strong at over $47,200, up 2.93 per cent at 2:10 pm. Bitcoin has gained nearly 8 per cent in the past seven days and its market capitalisation has increased to $887 billion. ADVERTISEMENT Ether has also gained over 3 per cent, and it is trading at nearly $3,300. The value of the second-most popular cryptocurrency has gained nearly 11 per cent in the past seven days and its…
The cryptocurrency world was excited about unsubstantiated rumors that Amazon planned to support cryptocurrency payments. However, the acquisition by NCR of crypto ATM firm LibertyX hasn’t attracted a ton of attention. In addition to ATMs, LibertyX’s software also runs at retail checkouts. Let’s put the NCR acquisition in context. According to RBR, NCR has a 16% global market share of Point of Sale (PoS) software. In other words, if you buy any physical goods anywhere in the world, there’s a reasonable chance that the machine used at checkout is from NCR. Do you use a self-checkout unit at your local supermarket? NCR is a big player…
Cryptocurrency adoption in the United States is picking up pace in 2022. According to the survey by Insider Intelligence that was reported in the Street, 10.7% of US crypto owners will use their cryptocurrencies for payments.Take Advantage of the Biggest Financial Event in London. The use of crypto payments in 2022 is expected to increase by 70%. Approximately 3.6 million people are forecasted to pay for goods and services with their cryptocurrencies in the upcoming year. Additionally, more people (33.7 million) are expected to adopt cryptocurrencies by the end of 2022. In addition, global crypto transactions are forecasted to come in above $10 billion.…
Cryptocurrency prices were slightly lower today with Bitcoin trading 0.4% lower at $39,668. Ether, the coin-linked to ethereum blockchain and dogecoin were down nearly 1% to $2,289 and $0.20 respectively. Other digital coins like Cardano, Uniswap also plunged, whereas, XRP, Stellar and Litecoin were up over the last 24 hours. Bitcoin remains far below its mid-April high of almost $65,000. However, it has been surging in the past few sessions after recent positive comments from billionaire Elon Musk and Ark Investment Management’s Cathie Wood, along with speculation over Amazon’s potential involvement in the cryptocurrency sector. Amazon’s job listing said that the company…
Trading is now just a click away. On your mobile phone, or on any mobile device, any youngster can become, overnight, a successful day trader. Some stars have to be aligned, such as a mindset tailored to numbers and graphs, an above-average stress management ability, and an intuition in the art of anticipating above-the-ordinary trends, and you can make a bunch of money trading. Crypto day trading can also end up being a very lucrative pursuit so long as it is properly executed. With DeFi (decentralize finance) boosting new projects every month, the crypto market seems to be the perfect…
Cryptocurrency exchanges like Binance, Coinbase and Kraken could be forced to collect the details of people sending and receiving crypto under new rules proposed by the European Commission. The EU’s executive branch announced the potential change on Tuesday as part of a package of reforms aimed at tackling financial crime within the bloc. “The aim of this package is to improve the detection of suspicious transactions and activities, and to close loopholes used by criminals to launder illicit proceeds or finance terrorist activities through the financial system,” the Commission said in a statement. Bitcoin’s value is rallying again. But that’s not…
A recent blockchain analysis has pinpointed a dramatic shift in trading patterns this year from Asia to North America and Europe. By analyzing trading activity on centralized exchanges from different days and time zones, blockchain data firm Kaiko found that on Coinbase, Gemini and Kraken, the ratio between the volume of weekend and weekly BTC/USD trading doubled from March 2020. This finding showed that the average weekend bitcoin trading volume is growing relative to the average weekday volume on the three exchanges that are more popular among users in the West. Meanwhile, as the chart below shows, the ratio of the BTC/USDT pair on crypto-to-cyrpto exchanges…
Mayhem appears to have broken loose in the world of American politics, and the crypto community may be caught in the eye of the storm, as now, proof-of-stake (PoS) networks might be left in danger at a time when Ethereum (ETH) is moving towards PoS. Moreover, the Lightning Network, decentralized exchanges, and DeFi might get hurt too. (Updated at 16:39 UTC: updates throughout the entire text.) Source: Adobe/gelangelan A controversial infrastructure bill being moved with alacrity through the parliamentary system contains a number of clauses that pertain to crypto players and how they are taxed. As previously reported, most of these pertain to the legal definition…