Report: Banking Giant Natwest to Refuse Service to Businesses That Accept Cryptocurrencies

Report: Banking Giant Natwest to Refuse Service to Businesses That Accept CryptocurrenciesThe major retail and commercial financial institution National Westminster Bank (Natwest) has categorized cryptocurrencies as “high risk” and refuses to serve business customers who accept digital assets for payments. A Natwest board member, Morten Friis, explains the bank has no appetite for dealing with these types of customers as Natwest is taking a “cautious approach” […]

P2P Bitcoin Traders in Nigeria Think Outside the Box in the Wake of CBN Restrictions

P2P Bitcoin Traders in Nigeria Think Outside the Box in the Wake of CBN RestrictionsAfter the Central Bank of Nigeria issued a directive targeting the country’s cryptocurrency industry, bitcoin and altcoin trade volumes on centralized exchanges immediately plunged. Nevertheless, the new regulations seem to have succeeded in boosting crypto trade volumes on informal markets or on peer-to-peer trading platforms. Nigerian Crypto Traders Get Creative Still, the increasing trades on […]

Dogecoin Markets Soar as Token Nears a Half Dollar, DOGE Price Climbs 18,299% in 12 Months

Dogecoin Markets Soar as Token Nears a Half Dollar, DOGE Price Climbs 18,299% in 12 MonthsThe popular meme-based crypto-asset dogecoin has seen phenomenal gains during the last few days. On August 16, 2021, the digital currency featuring the likeness of the Shiba Inu dog tapped an all-time high at $0.44 per token. However, the cost to send a transaction in dogecoin has jumped to that price as well on Friday. […]

Co-Founder of South Africa’s Crypto Index Fund Reveals the Plan to Launch Country’s First Bitcoin ETF

Co-Founder of South Africa's Crypto Index Fund Reveals the Plan to Launch Country's First Bitcoin ETFEarle Loxton, the cofounder of EC10 (formerly DCX Capital) the institution behind the South African crypto index fund, says plans are afoot to launch the country’s first exchange-traded fund (ETF). The ETF is expected to offer South African institutional investors an indirect way of getting exposure to bitcoin. According to Loxton, an application for this […]

World’s Largest Asset Manager Blackrock: Cryptocurrency Could Become a ‘Great Asset Class’

The CEO of Blackrock, the world’s largest asset manager, says that he is fascinated by cryptocurrency, believing that it could become a “great asset class.” However, he said that Blackrock has not received many inquiries from its institutional clients about having bitcoin in their portfolios. Blackrock’s CEO ‘Fascinated’ About Crypto Following Coinbase’s IPO via a […]

DOGE Taps a Lifetime Price High, Mark Cuban Says Dallas Mavs Shop Won’t Sell Its Dogecoin

DOGE Taps a Lifetime Price High, Mark Cuban Says Dallas Mavs Shop Won't Sell Its DogecoinThis week a number of digital assets saw significant gains, but the meme-themed digital asset dogecoin has seen a significant rise during the last 48 hours. Dogecoin tapped a high of $0.143 per unit on Wednesday and has spiked more than 104% during the last week. Meanwhile, the billionaire investor and television personality, Mark Cuban, […]

US Regulator Accuses Lbry Project of Selling Unregistered Securities, CEO Denies Charges

US Regulator Accuses Lbry Project of Selling Unregistered Securities, CEO Denies ChargesThe Securities and Exchange Commission (SEC) has filed a complaint against the blockchain-based file-sharing and payment network called Lbry last week, as the U.S. regulator has accused the company Lbry Inc. of selling unregistered securities. However, the CEO of Lbry denies the project’s native tokens are securities and says the SEC’s logic will put a […]

JPMorgan Boss Says ‘Emerging Issues’ Like Cryptocurrencies ‘Need to Be Dealt With Quickly’

JPMorgan Boss Says 'Emerging Issues' Like Cryptocurrencies 'Need to Be Dealt With Quickly'JPMorgan’s boss Jamie Dimon has a bone to pick with cryptocurrencies, shadow banking, and the financial technology (fintech) economy. In a letter to JPMorgan shareholders, Dimon explained that banks are “playing an increasingly smaller role in the financial system” and there’s a list of items like digital currencies he’s named that needs to be “dealt […]

The Multi-Billion Dollar Cache: Microstrategy Purchases $15M Worth of Bitcoin, Firm’s Stash Jumps to 91,579 BTC

The Multi-Billion Dollar Cache: Microstrategy Purchases $15M Worth of Bitcoin, Firm's Stash Jumps to 91,579 BTCThe publicly listed firm Microstrategy purchased more bitcoin according to a tweet from the company’s chief executive officer Michael Saylor and a recent Securities and Exchange Commission (SEC) filing. The firm spent $15 million in cash and now holds 91,579 bitcoin in the company’s reserves. Business Intelligence Firm Microstrategy Continues to Stack Bitcoin Month after […]

Starbucks Customers Can Now Pay With Bitcoin via Bakkt’s Digital Wallet App

Starbucks Customers Can Now Pay With Bitcoin via Bakkt's Digital Wallet AppStarbucks customers can now pay for items with bitcoin by leveraging the Bakkt digital wallet application. Bakkt’s CEO, Gavin Michael explained that 500,000 users participated in testing before the launch, as the company says it looks forward to expanding crypto assets to everyone. You Can Now Pay for Goods at Starbucks With Bitcoin You can […]