Verifone Enables Retailers to Accept Cryptocurrencies, Says Merchants’ Appetite for Crypto Payments ‘Has Exploded’

Verifone Enables Retailers to Accept Cryptocurrencies, Says Merchants' Appetite for Crypto Payments 'Has Exploded'Verifone, a global payment system provider with 35 million devices in 150 countries, is rolling out crypto payment support in the U.S. in partnership with Bitpay. Verifone’s platform processes more than $440 billion annually. The company says, “the appetite for crypto payments has exploded this year.” Major Retailers Will Soon Be Able to Accept Cryptocurrency […]

29 Crypto Exchanges Survive New Regulation in South Korea, 37 Exchanges Must Shut Down

29 Crypto Exchanges Survive New Regulation in South Korea, 37 Exchanges Must Shut DownThe deadline for crypto exchanges and service providers in South Korea to meet requirements to stay open under the new regulation has passed. Twenty-nine cryptocurrency exchanges met the deadline to continue operations but only four of them can offer trading in Korean won. New South Korean Crypto Regulation in Effect The Act on Reporting and […]

Major Crypto Exchanges Cut Ties With Chinese Users After China’s Latest Crackdown on Cryptocurrency

Major cryptocurrency exchanges are cutting ties with users in China following the latest crypto crackdown announcement by the Chinese government. Huobi has stopped letting new users in China sign up for its services while Binance has blocked account registrations using Chinese mobile phone numbers. Major Crypto Exchanges Stop Signing Up Chinese Users Following China’s latest […]

Crypto Exchange Binance Ends Some Services in Singapore to Comply With Regulation

Crypto Exchange Binance Terminates Some Services in Singapore to Comply With RegulationBinance is terminating some services in Singapore, including fiat deposit services and spot trading of cryptocurrencies, to comply with the country’s regulations. The exchange has already ceased trading in Singapore dollars. Binance Scaling Down Services in Singapore Cryptocurrency exchange Binance announced Monday some changes to its offerings in Singapore. The company wrote:  With effect from […]

Ripple CEO Says SEC Gives No Clear Framework for Crypto, Discusses XRP Lawsuit

Ripple CEO Says SEC Gives No Clear Framework for Crypto, Talks About XRP LawsuitAs the lawsuit with the U.S. Securities and Exchange Commission (SEC) continues, Ripple CEO Brad Garlinghouse insists that the Commission has provided no clarity in crypto regulation. He said the SEC is using its meetings with crypto companies as lead generation for enforcement actions, and the agency has lost sight of its mission to protect […]

Rich Dad Poor Dad’s Robert Kiyosaki Predicts ‘Giant Stock Market Crash’ in October — Says ‘Bitcoin May Crash Too’

Rich Dad Poor Dad’s Robert Kiyosaki Predicts 'Giant Stock Market Crash' in October — Says 'Bitcoin May Crash Too'Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad,” has predicted a “giant stock market crash” coming in October. He believes that “bitcoin may crash too.” The famous author also offered his opinion on China’s crackdown on cryptocurrencies. Robert Kiyosaki Warns of ‘Giant’ Market Crash in October Famous author and investor Robert Kiyosaki has […]

Billionaire Mike Novogratz Says Bitcoin Market Is ‘in Good Shape’ — China Has ‘Less and Less’ Influence Over Crypto

Billionaire Mike Novogratz Says Crypto Market Is 'in Good Shape' — China Has 'Less and Less' Influence Over CryptoThe billionaire investor and CEO of Galaxy Digital, Mike Novogratz, says the bitcoin market is in good shape, noting that he sees “so much capital coming into the space.” He also commented on the dwindling influence China has over the crypto market. Billionaire Investor Says the Market Is ‘in Good Shape’ — ‘I’m Not Nervous’ […]

Former US Treasury Secretary Larry Summers: Cryptocurrency Will ‘Do Better Regulated’

Former US Treasury Secretary Larry Summers: Cryptocurrency Will 'Do Better Regulated'Former U.S. treasury secretary and chief economist at the World Bank, Larry Summers, says cryptocurrency will do better regulated in a sound way instead of being treated as a libertarian paradise. Larry Summers Sees Crypto Benefiting From Strong Regulation Lawrence Summers, who served as the Secretary of the Treasury in the Clinton administration and director […]

US Senator Calls on SEC Chairman to Provide Regulatory Clarity on Cryptocurrencies

US Senator Calls on SEC Chairman to Provide Regulatory Clarity on CryptocurrenciesA U.S. senator has asked the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, to provide clear guidance on cryptocurrency regulation. The senator stated that in many enforcement actions, “the SEC did not identify the securities involved or the rationale for their status as securities, which would have provided much-needed public regulatory […]

US Lawmakers See China’s Authoritarian Crackdown on Crypto as Big Opportunity

US Lawmakers See China's Authoritarian Crackdown on Crypto as Big Opportunity for USSeveral U.S. lawmakers see China’s authoritarian crackdown on cryptocurrency, including bitcoin, as “a perfect opportunity for American leadership on cryptocurrency.” One senator noted that it is “a reminder of our huge structural advantage over China.” US Lawmakers Comment on China’s Cryptocurrency Crackdown Following the latest news of China’s crackdown on cryptocurrency, several U.S. lawmakers have […]