Walmart denied any partnership with the digital currency Litecoin after a fake news release led to a brief flurry of inaccurate reports from national news outlets and social media users on Monday. A news release claiming a partnership between Walmart and Litecoin is “not real,” according to Walmart spokesperson Molly Blakeman. Charlie Lee, creator of […]
Cryptocurrency
A British financial regulator concerned about the lack of rules for online promotion of cryptocurrencies has called out celebrity influencer Kim Kardashian West’s use of her Instagram account to pitch Ethereum Max to her followers. Charles Randell, chair of the Financial Conduct Authority, said Kardashian was recently paid to ask her 250 million Instagram followers […]
Salvadorans trying to pay for a cup of coffee or receive money sent from relatives in the United States using the cryptocurrency bitcoin continued struggling to perform transactions Wednesday, a day after El Salvador made it legal tender. Problems still plagued the digital wallet Chivo. El Salvador President Nayib Bukele kept citizens apprised of advances […]
El Salvador became the first country to adopt Bitcoin as legal tender Tuesday, but the rollout stumbled in its first hours and President Nayib Bukele said the digital wallet used for transactions was not functioning. For part of the morning, El Salvador’s president became tech support for a nation stepping into the world of cryptocurrency. […]
El Salvador is betting that this week’s pioneering adoption of Bitcoin will spur its economy, especially one of its most crucial sources of revenue: money sent home by Salvadorans in the United States. A fervent proponent of the cryptocurrency, President Nayib Bukele has asked the more than 2 million Salvadorans who live overseas to send […]
Billionaire investor, John Paulson, is setting his bets against cryptocurrency, predicting the crypto market’s vacant financial fantasy is bound to collapse as it will “go to zero,” as he gives gold the knighthood of a “safe haven.” Since digital coins are the desired novelty of this era, from the looks of it, cryptocurrency will stand its ground as […]
Cuba’s government said Thursday it will recognize — and regulate — cryptocurrencies for payments on the island. A resolution published in the Official Gazette said the Central Bank will set rules for such currencies and determine how to license providers of related services within Cuba. The popularity of such currencies has grown among a technologically […]
PayPal announced on Monday that it will allow UK customers to buy, hold, and sell digital currencies, starting this week. The cryptocurrency world is growing by the second, prompting organizations around the globe, like PayPal, to take notice. However, there’s a trick to the equation. Initially, the online payments giant will introduce only Bitcoin, Ethereum, […]
On Tuesday, Cryptocurrency trading platform, Binance revealed that it had hired Greg Monahan, a former IRS criminal investigator as the platform’s Global Money Laundering Reporting Officer (GMLRO), to investigate crypto money laundering allegations. As it bets on reinforcing its existence in the digital currencies market, Binance played its latest card to reinvent itself as a […]
After helping a new generation of investors get into stocks, Robinhood is increasingly doing the same for cryptocurrencies. More than $4 of every $10 that Robinhood Markets Inc. made in revenue during the spring came just from customers trading dogecoin, bitcoin and other cryptocurrencies. Robinhood also said Wednesday that it lost $501.7 million, or $2.16 […]