Crypto Breakthrough: Fed Removes Key Banking Barrier—Details
The US Federal Reserve said on April 24 that it has lifted requirements that banks provide advance notice before getting involved in cryptocurrency businesses. This is a full about-face from the cautious policy regulators had taken previously with digital assets. Banks can now engage in crypto and stablecoin businesses without needing special authorization, although they […]
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From its advent, the breakthrough of cryptocurrency that has aided its adoption is the decentralized characteristic. This removes the control of crypto activities from the influence of third parties, unlike what is obtainable in the centralized space. One of the recent measures that enforce decentralization is digital ledger technology. It involves using technological protocols that […]
The FinTech Breakthrough Awards recognize innovators in the emerging field of financial technology. Four awards were handed out in the cryptocurrency category. Celsius Network, a digital asset lending platform, has been awarded “best cryptocurrency wallet” at the fifth-annual FinTech Breakthrough Awards — a yearly event that recognizes emerging companies at the intersection of finance and technology. James Johnson, managing director of FinTech Breakthrough, described Celsius as being on a “worthy mission” to provide people with “better opportunities to gain financial freedom.” He....
In a week where equity markets have stagnated, bitcoin bucked the trend as it pushed through the $12,000 resistance level, as well as touching and seeing some resistance at $13,000. Altcoins were buoyed by bitcoin’s rise, with ETH, XRP, LTC, and chainlink all showing upward trajectories too. Simon Peters, Analyst, eToro Shares His Opinion On BTC, Crypto Markets Bitcoin Blasts Through $12,000 Barrier Bitcoin price action has dominated attention in the last week, rapidly reaching […]
Users of OKPAY have received an email notice of some changes when it comes to the pound sterling (GBP). The company sent users the following email - noting that transfers to OKPAY accounts with GBP are now permitted: Dear X, We are pleased to announce that it is now possible to fund OKPAY account by a bank transfer in GBP currency and then transfer funds to the crypto-currency exchangers. Please find and use the updated banking account details for the GBP currency at the Add Money » Wire transfers page. New bank does not have any restrictions regarding the further usage of funds on a....
Bittylicious and btcQuick have signed up with identity proofing and verification service miiCard to cut the time it takes people to buy bitcoins. MiiCard, which stands for My Internet Identity Card, removes the need for in-person photo ID checks and allows people to register andbuy bitcoins in under 15 minutes. Currently, it typically takes a couple of days to register and become verified on a site that sells bitcoins. Users have to scan in an item of photo ID, plus a bill displaying their current address. This puts a lot of people off getting involved in the digital currency, as they....