Merchants accepting Bitcoin laud ‘zero chargeback risks’, says BitPay report

Bitcoin integration led to positive results for the merchants in this study. BitPay recently released a study highlighting four merchants from different businesses that have implemented Bitcoin as a payment method.

‘Great Artists Steal’ – What Enterprise Blockchain Can Learn From the Past

Enterprise blockchain doesn't need to reinvent the wheel: Communications standards in use for decades are built for machine-to-machine commerce.

Paxful Users Convert $1.5 million in Bitcoin to Tether in Weeks

The Paxful peer-to-peer trading platform added Tether support just three weeks ago.

Blockchain legislation passes the House, heads for Senate

Bills from the Energy and Commerce Committee are making their way to the Senate following votes this afternoon. The updated Consumer Safety Technology Act, which now includes the Digital Taxonomy Act and the Blockchain Innovation Act, has passed in the House of Representatives and is now headed for the Senate as of Tuesday afternoon. The Digital Taxonomy Act provides definitions for the terms "digital asset" and "digital unit" and would task the Federal Trade Commission with preventing unfair trade practices in both.

COVID-19: Decentralization the norm as workplaces adjust to new normal

COVID-19 has forced businesses around the world to adapt to new ways as crypto companies embrace the “decentralized normal.” 2020 will forever be remembered as the year of COVID-19, but there is no telling what the long-lasting effects of the pandemic will be on the global economy.

‘Fishing’ The Buffett Way: Fund Eyes BitPay, Kraken Shares, Buys Discounted Bitcoin

Warren Buffett. A US-based blockchain and cryptoasset-focused investment fund has reportedly returned 93% this year by “fishing where no one else is fishing,” compared with an industry average of 57%. The Off The Chain Capital LLC fund specializes in buying crypto-related assets “at fire-sale prices from motivated sellers,” Bloomberg reported, citing the fund’s

Visa Onboarding Dozens of Crypto Companies Amid New Digital Asset Strategy

Visa is expanding its partnerships with cryptocurrency companies across the globe in an effort to support its commitment to bolstering new types of commerce.

Blockchain Bites: BTC on Ethereum, DeFi’s Latest Stablecoin, the Currency Cold Wars

Mick Mulvaney joined the Chamber of Digital Commerce, Origin launched a stablecoin and DeFi Pulse fixed a bug.

Ex-White House Chief of Staff Joins Blockchain Advocacy Group

Mick Mulvaney plans to help The Chamber of Digital Commerce better understand the regulators’ point of view.

Digital Chamber Adds Mulvaney to Board of Advisors; Visa, Goldman Join Executive Committee

The Chamber of Digital Commerce announced Wednesday that former acting White House chief of staff Mick Mulvaney has joined the group’s board of advisors.

Visa, Goldman Sachs and Mick Mulvaney join leading blockchain trade association

Several leaders in banking, payments and politics are joining the Chamber of Digital Commerce, a major voice for the blockchain industry in Washington, D.C. On Wednesday, the Chamber of Digital Commerce announced the addition of Visa, Goldman Sachs and Six Digital Exchange (SDX) to its executive committee.

Booming African crypto adoption drives concerns over regulation

African crypto adoption has exploded in 2020, prompting fears of a heavy-handed regulatory response 2020 has seen an acceleration in African crypto adoption, with the continent emerging as the second-largest region for peer-to-peer (P2P) trading, and two African nations ranking in the top eight of the Chainalysis crypto adoption index. However, the booming growth has caught the attention of Africa’s financial regulators, sparking concerns that a rush to introduce heavy-handed oversight could quell innovation in the local crypto industry. Nigeria has led the continent’s growth in 2020, posting weekly P2P volumes of between $5 million to $10 million, followed by Kenya and South Africa with between $1 million and $2 million a week each. Speaking to Cointelegraph, a representative of top P2P exchange Paxful stated that Africa has been its strongest growing region in 2020, noting there was also dramatic growth in smaller economies like Ghana, and Cameroon. Centralized exchanges have also reported a spike in trade activity, with Luno reporting $549 million worth of combined volume from Nigerian and South African customers last month — a 49% increase compared to the start of 2020.

Chinese E-Commerce Giant JD.com to Build CBDC Digital Wallet to Support China’s DCEP

JD.com has recently partnered with the People’s Bank of China Digital Currency Research Institute to build mobile apps and wallets to support China’s CBDC.

JD.com Joins Digital Yuan Pilot, Canadians Get New BTC & ETH Exchange + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. CBDCs news JD.com, a multi-billion dollar Chinese e-commerce platform, has joined the central People’s Bank of China (PBoC)’s digital yuan initiative.

JD.com to Build Apps for China’s Digital Yuan Project: Report

The Chinese e-commerce giant has reportedly agreed to help the nation's central bank develop infrastructure including a wallet for its cash-equivalent digital currency.

Alibaba Surpasses IBM As Top Holder of New Blockchain Patent Applications This Year

E-commerce titan Alibaba has overtaken IBM en route to becoming the world’s largest holder of blockchain patent applications this year.

JD.com's fintech wing partners with PBoC on digital currency projects

China's e-commerce giant will reportedly help develop apps that support the forthcoming digital renminbi. The tech and payments-focused subsidiary of Chinese e-commerce company JD.com has entered into a partnership with the Digital Currency Research Institute of the People’s Bank of China. Local media reported on Sept.

Wisconsin Assembly candidate is accepting Bitcoin donations again

“Cryptocurrency is money,” argues a Wisconsin State Assembly candidate. A candidate for Wisconsin State Assembly is challenging a state regulator by accepting donations in cryptocurrencies like Bitcoin (BTC). Phil Anderson, a real estate broker and entrepreneur, now accepts cryptocurrency donations for his Assembly campaign.

German music label firm Kompakt now accepts Bitcoin, ETH via Utrust gateway 

Utrust, a blockchain powered crypto payment gateway that gives e-commerce businesses the option to accept cryptocurrencies like bitcoin and ethereum, announced its integration with Kompakt, a Cologne- The post German music label firm Kompakt now accepts Bitcoin, ETH via Utrust gateway  appeared first on AMBCrypto.

Decentralized Trading Platform Grows 230% in 2 Days As Paxful Left Venezuela

The decision of Paxful to leave Venezuela's market has left some doors open, and companies are already taking advantage. The post Decentralized Trading Platform Grows 230% in 2 Days As Paxful Left Venezuela appeared first on CryptoPotato.

Paxful breaks ground on Nigerian school in #BuiltWithBitcoin initiative

The P2P marketplace continues its push to highlight the benevolence and positive nature of the Bitcoin community. Peer-to-peer cryptocurrency marketplace Paxful announced Sept.

Paxful Announces Fourth “Built With Bitcoin” School, in Nigeria 

Bitcoin marketplace Paxful is now four schools closer to its ambitious target—with 96 more to go.

Ternio Reveals BlockCard Users Can Now Purchase Bitcoin Directly From Their New BlockCard Bank Accounts

Disclaimer: The text below is a press release that was not written by Cryptonews.com. ATLANTA, GA - September 16, 2020 - For Blockcard Account users who noticed recently that they can now activate their own Blockcard bank accounts, a new feature has just gone live: Buying Bitcoin (BTC) and Ternio (TERN) directly with USD.

Paxful Shuts Down Operations in Venezuela, Cites OFAC Sanctions

The people of Venezuela received another bad blow as the popular cryptocurrency platform Paxful blocked users from the country. The post Paxful Shuts Down Operations in Venezuela, Cites OFAC Sanctions appeared first on CryptoPotato.

P2P Bitcoin Exchange Paxful Shuts Down Venezuela Operations to Comply With US Sanctions

Peer-to-peer (P2P) crypto exchange Paxful is shutting down its operations in Venezuela, apparently, to comply with US economic sanctions against the leftist government of disputed president Nicolas Maduro.

Ternio reveals BlockCard: Purchase Bitcoin Directly From BlockCard’s Bank Account

ATLANTA, GA – September 16, 2020 – For Blockcard Account users who noticed recently that they can now activate their own Blockcard bank accounts, a new feature has just gone live: Buying Bitcoin (BTC) and Ternio (TERN) directly with USD.  BlockCard bank accounts now give customers a full on-ramp and off-ramp in or out of […] The post Ternio reveals BlockCard: Purchase Bitcoin Directly From BlockCard’s Bank Account appeared first on CryptoPotato.

Venezuelans are running out of crypto P2P trading options

What will happen to foreign P2P marketplaces operating in Venezuela? Due to the regulations and sanctions related to the US Office of Foreign Assets Control, or OFAC, Paxful announced that they will no longer provide services in Venezuela, according to an announcement on September 14. In a statement sent to Cointelegraph, Paxful’s CEO, Ray Youssef, commented that they’ve tried for several months to find a way to maintain their operations in Venezuela, but “with current risks, we had no choice but to make this incredibly difficult decision.”  Ray also told Cointelegraph how the wind down of his company’s services will work:  “The roll-out of our impending closure in Venezuela will begin with restricting new account creation in the country and the closure of any existing accounts.

Blockchain Bites: MicroStrategy’s BTC Buy, Bitmain’s Power Struggle, Paxful’s Goodbye

MicroStrategy has bought even more bitcoin, Paxful is pulling out of Venezuela and the Bitmain power struggle appears to have found a short-term solution.

BitPay decides to let all employees work from home permanently

Crypto seems to thrive on remote work. Bitcoin (BTC) payment and wallet company BitPay has chosen to take its company's working atmosphere remote, permanently. A poll from within the company revealed: "85% of employees preferred to work from home and felt they were more productive," said a Sept.

US Consumers Flock To the First Mastercard Branded BitPay Card

New data from BitPay shows that American consumers are flocking to load the first Mastercard branded BitPay card with top digital assets.

Venezuelan Crypto Users Worried as Trading Options Become Limited

Venezuelans are increasingly finding their options slowly reducing when it comes to choosing crypto trading platforms, with many taking to Twitter to vent their fears and frustrations. Late on September 14, the peer-to-peer crypto exchange Paxful announced it was exiting the country, stating on Twitter that “regulations and sanctions related to the Office of Foreign Assets

Paxful Exits Venezuela’s P2P Crypto Bitcoin Market Following US Sanctions

Paxful has withdrawn its crypto trading services from Venezuela after the country was classified as high-risk by the Office of Foreign Assets Control (OFAC).

Bitcoin Exchange Paxful Exits Venezuela, Citing US Sanctions

Paxful said goodbye to its Venezuelan users, claiming it was too risky to keep offering services within the South American country.

Paxful, Citing Regulations and Its Own ‘Risk Tolerance,’ Exits Venezuela’s P2P Bitcoin Market

The exit deprives Venezuela's crypto scene of its second-largest P2P exchange.

The Blockchain Service Network will stimulate China’s CBDC plans

The wait for CBDCs continue. From the Chinese government’s perspective, cryptocurrencies are not considered legal tender; instead, they are categorized under a type of “virtual commodity," but some industry players believe the Blockchain Service Network (BSN) infrastructure can stimulate the development of virtual currencies like a CBDC.  During an interview with Cointelegraph, Eden Dhaliwal, Global Managing Director at Conflux Network, a layer-1 blockchain protocol and the only state-endorsed public blockchain project in China, stated that the government of China is highly motivated to launch a CBDC to “dominate the digital commerce landscape and make the economy future-ready.” The BSN is a major blockchain interoperability infrastructure network.

Russia's crypto law is a mixed bag, according to industry execs

Crypto businesses are unsure how to react to new regulations in the Russian Federation. Russia’s new cryptocurrency-related law, “On Digital Financial Assets,” or DFA, seems to have had little impact on the local cryptocurrency industry so far. In its current form, the DFA law essentially provides legal status to digital assets like Bitcoin (BTC), but prohibits their use for payments in Russia. As the DFA law is poised to be officially adopted in less than four months, Cointelegraph talked to major crypto firms operating in Russia to get their take on how the new law can impact their business.  Based on comments from executives at companies like Binance, Waves, Paxful, LocalBitcoins, and Wirex, companies aren't exactly scrambling to adapt to the new law, largely due to its ambiguous language. Many in the industry don't understand the new law Anton Kozlov, head of the Russian market at Paxful, said that the DFA law has caused a lot of confusion.

US Congressman Darren Soto to Accept Cryptocurrency Donations for 2020 Election

Supporters can now send the congressman crypto donations via BitPay for his 2020 reelection campaign.

Switzerland enshrines its crypto-friendly policies into law

Switzerland just became the first major financial center with a full set of laws to govern blockchain commerce.

Paxful Crypto Peer-to-Peer Marketplace Expands Beyond Bitcoin with Tether USDT Stablecoin

Paxful, the leading peer-to-peer Bitcoin trading platform, announced that it will be adding stablecoin Tether to its crypto payment options.

US legislators approve bills for study of blockchain in commerce

The two bills will now go to the House of Representatives for a vote.

Bitcoin Marketplace Paxful Adds Supports for Tether

Paxful already accepts Bitcoin as a payment method.

Digital Platform for Smart-Contracts Barter Smartplace: Future Unicorn of Decentralized Commerce Sells Tokens With a 50% Discount

The Barter Smartplace blockchain ecosystem team believes that closing deals in the fast-paced digital age can be as fast, reliable, and efficient as using online-banking.

UK Challenger Bank Launching Bitcoin, Ethereum, XRP, Litecoin and Bitcoin Cash Payments Platform

Ziglu, a crypto-friendly challenger bank based in London, is rolling out a peer-to-peer payment (P2P) service for fiat and crypto assets.

Just Eat adds Bitcoin payments for 15,000 restaurants in France

The price of Bitcoin will be calculated depending on its current price on Bitpay and the delivery platform. Just Eat, a major British online food order and delivery platform operating across 13 countries, has added cryptocurrency payment support for its France subsidiary. The company has partnered with the cryptocurrency payment provider Bitpay to allow its users to pay in Bitcoin (BTC).

Global P2P trade volume plummets amid crypto crash

While many centralized exchanges benefited handsomely from the recent sell-off, P2P trade on Paxful dropped by almost 50% this week. The recent crypto market slump has driven massive trade volumes on centralized exchanges, but peer-to-peer (P2P) trading platforms actually saw a sharp decline in activity. Latin-America was the only region to buck the trend. The top region for P2P trade, the United States, posted a 42% slump in peer-to-peer volume this week — plummeting from $23.4 million to nearly $13.6 million. Sub-Saharan African has been the second-largest region for P2P trade after North America for much of 2020.

Amazon and Tech Mahindra to Create Blockchain-Based PPE Supply Chain Solutions

Indian based technology company Tech Mahindra announced today that it has partnered with US based e-commerce giant Amazon Web Services (AWS) to deploy blockchain solutions using Amazon’s managed blockchain.

UK Digital Bank Ziglu Launches P2P Payments for Bitcoin and Bitcoin Cash

London-based challenger bank Ziglu said Monday that it has been licensed as an Electronic Money Institution (EMI) by the UK’s Financial Conduct Authority.

Starling Bank Co-Founder’s New UK-Licensed App Adds P2P Crypto Payments

Peer-to-peer cryptocurrency payments are now live on Ziglu, a week after the app-based platform got its EMI license from a UK watchdog.

Ziglu launches peer-to-peer payments after getting UK e-money licence

Ziglu now offers a fully regulated way to transfer Bitcoin, Ether, Litecoin and Bitcoin Cash to other users for free. United Kingdom challenger bank Ziglu announced the launch of its peer-to-peer (P2P) payments service for both fiat and cryptocurrency on Sept.

A UK Challenger Bank Goes Peer-to-Peer with Crypto, With a Catch

Ziglu only lets you send crypto to other Ziglu customers—you can’t send it to external wallets.

US Congress Considers Proposal to Study Use of Blockchain Technology in Commerce

The US Congress is now considering a bill that seeks to direct the government to study the use of blockchain technology in commerce.

US legislators introduce bill for in-depth study of blockchain in commerce

Three Representatives are calling on the Secretary of Commerce to study blockchain for consumer protection. A trio of United States House Representatives — two Democrats and a Republican — have officially introduced a new bill to spur more in-depth analysis of blockchain technology in Congress. On Sept.

Bitcoin Miners Sold 63% More Coins Than Generated In a Day

With yesterday’s correction in ethereum (ETH) and many DeFi tokens also spilling over into bitcoin (BTC), bitcoin miners sold BTC 844 (USD 9.5m) in a day, or 63% more coins than they generated in the same period of time. Also, according to data from ByteTree, miners have continued to offload more bitcoin than they have mined this week, with a net outflow of BTC 812

Shanghai’s Jing'an District issues blockchain-based discount coupons

Jing’an Culture and Tourism Bureau is issuing blockchain-based discount coupons using its WeChat mini-program. The Jing’an District of Shanghai has started offering blockchain-based discount coupons.  Local news outlet Shine reported that the district will issue the coupons using one of WeChat’s mini-programs operated by the Jing’an Culture and Tourism Bureau.  WeChat mini-programs are smaller sub-applications built within the WeChat ecosystem to offer several online services like e-commerce, music and video streaming and translation.  The tourism bureau has integrated blockchain to their WeChat mini-program to adjust the number of coupons in circulation and the validity period of each of these by analyzing how people are using them.

Paxful Research Reveals How Nigerians Are Fighting Devaluation of Native Currency Naira with Bitcoin

The current pandemic has led to a devaluation of Nigeria’s native currency Naira and affected how cryptocurrency trades are conducted in the country.

Argentines Turn to Bitcoin to Protect Funds During Crisis: Survey

A Paxful survey revealed that Argentineans view Bitcoin as a good way to protect assets.

Binance Card to soon expand to US as Swipe taps new partnership

All services on Swipe are immediately available on Binance Card. Binance Card, a newly launched cryptocurrency debit card powered by Binance and the Binance-owned crypto commerce company Swipe, could soon enter the United States.

Argentina Believes in Bitcoin and Cryptocurrency as Most Effective Hedge Against Inflation, Paxful Survey

Over 70% of Argentines see cryptocurrency, particularly Bitcoin as the most effective way to hedge against inflation and store financial value (Read More)

BTC and Altcoin Pay is Growing Fast, Says Crypto Payment Firm BitPay

Source: Adobe/Wit (edited by Cryptonews) Atlanta-based crypto pay service provider BitPay says that bitcoin (BTC) and altcoin payments are on the rise – with the number of transactions on its platform growing by 4.6% in June. Per data released by the firm, 107,000 crypto pay transactions were completed on BitPay in June, a new record high for the year. Data shows that with the exception of

This Swiss e-commerce giant accepted payment in digital franc

Sygnum, a digital assets bank in Switzerland announced in a release that it enabled the world’s first e-commerce transaction that involved using a stable coin.

Jack Ma’s Ant Group files $30B IPO in Hong Kong and Shanghai

China’s Ant Group is prepping for the largest IPO in history. Ant Group, the financial affiliate of China’s e-commerce giant Alibaba, has filed an Initial Public Offering, or IPO, in Hong Kong and Shanghai. Managed by Alibaba co-founder Jack Ma, Ant Group is targeting a valuation of about $226 billion, based on a target IPO raise of nearly $30 billion, people familiar with the matter told Bloomberg on Aug.

Indian crypto P2P market size triples despite regulatory uncertainty

In addition to the Indian P2P market surging in recent months, the country’s DeFi sector has been gaining momentum.

P2P Cryptocurrency Exchanges in Africa Pivot: Nigeria and Kenya the Target Markets

Leading cryptocurrency exchanges are bullish about Africa’s growth prospects as evidenced by their ongoing forays into the continent.

US Congressman Tom Emmer Will Accept Crypto Donations for Reelection Campaign

Rep. Tom Emmer of Minnesota will accept crypto donations for his campaign, facilitated through BitPay.

Journeys in Blockchain: Ray Youssef of Paxful

“How advanced would the United States be if you couldn’t send money from New York to Florida? From New York to California? From Oregon to Washington? It wouldn’t be the United States! It would be a mess of all these squabbling little city-states that can barely get it together.” Im coining this term right here, right now, Ray Youssef declares.

Beijing Makes Digital Yuan Pilot Expansion Plan U-turn

The Chinese government has indicated that it may not decide to expand the scale of its digital yuan launch after all – just days after it revealed details of a massive expansion encompassing some of the most affluent parts of the country. As previously reported on Cryptonews.com, the nation’s Commerce Ministry late last week issued plans to scale up its so-called

China Testing Digital Currency in Major Cities, Including Beijing and Hong Kong

China’s Ministry of Commerce has announced the pilot run of the country’s central bank-backed digital currency in major cities, including Beijing, Hong Kong, and Macau.

BitPay and Coinbase Launch an Instant, Zero Fee Service for Bitcoin, Ethereum, XRP, Bitcoin Cash and USDC

The largest provider of Bitcoin and cryptocurrency payments, BitPay, has just modified its services to allow users to spend cryptocurrency straight from a Coinbase account to BitPay-enabled merchants for zero fees.

Educating Congress on Tech Is The Next Frontier for This Blockchain Caucus Co-Chair

Congressman Soto talks about the point where crypto education meets solid policy and what’s standing in the way. “I remember watching the hearings before the Energy and Commerce Committee with Mark Zuckerberg, and it was clear that a lot of my colleagues didn't really know a lot about technology,” recalls US Representative Darren Soto. When Soto (D-FL) speaks about technology, it sounds personal.

China Set for Huge Expansion of Digital Currency Pilot

The Chinese central bank is reportedly set to massively expand the scope of its digital yuan pilots – as the nation edges closer to a central bank digital currency (CBDC) issuance. Per a report from the Wall Street Journal, the nation’s Ministry of Commerce said that the pilot – so far active in five cities since May – will soon “cover much of China’s

China Expands Digital Yuan Trials to Beijing and Neighboring Provinces

While there is not yet a set time for the expanded pilot program to begin, a policy framework should be complete by the end of 2020. China’s Commerce Ministry announced today that it will expand the trials of the nation’s central bank digital currency (CBDC) to include Beijing, as well as Tianjin and Hebei provinces. According to an Aug.

Global P2P Bitcoin Trading Volume at Highest Point Since Jan. 2018

The global P2P markets are pumping, with numerous African and Latin American markets touching new all-time highs for volume. Combined global peer-to-peer (P2P) Bitcoin trading volumes have surged to their highest levels since January 2018, with nearly $95 million worth of Bitcoin (BTC) changing hands on Localbitcoins and Paxful in the first week of August. The spike comes as many Latin American markets have seen trade activity rally into new highs over recent weeks, with the Bitcoin P2P markets in Argentina, Mexico, Chile, Bolivia, Honduras, Paraguay, Uruguay and The Bahamas all posting record highs since the start of July. Venezuelan trade still represents the lion’s share of Latin America’s nearly $13 billion in weekly P2P trade, posting more than $5 million in volume for two consecutive weeks.

Ternio’s ERC-20 TERN Token Listed On Global Crypto Exchange Bibox

ATLANTA, GA – August 10, 2020 – Ternio’s ERC-20 payment token TERN, has been listed by global cryptocurrency exchange, Bibox.

Blockchain Alchemy For All; BitPay Gets Closer To Coinbase + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Blockchain news Blockchain developer platform Alchemy said it has ended its closed beta and is now available for all developers to use.

Paytm Freezes Indian Bank Accounts Suspected of Cryptocurrency Trading: Report

India’s largest mobile commerce platform Paytm has reportedly been freezing the bank accounts of users suspected of crypto trading, even though cryptocurrency, including bitcoin, is legal in India.

Ireland Sets Sight on Policing Cryptocurrency Money Laundering Activities

Crypto commerce in Ireland is about to become a lot more regulated, with lawmakers in the country ready to introduce laws targeted at combating cryptocurrency-related money laundering.

Facebook Dives Deeper Into Payments + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Payments news Social media giant Facebook created Facebook Financial (called F2 internally), a new group to pursue payments and commerce opportunities, Bloomberg reported.

Peer-to-Peer Bitcoin Trading Tops $95 Million as Sub-Saharan Africa Records Set All Time High

Weekly peer-to-peer bitcoin trading volumes topped $95 million globally with several countries recording new all-time highs for the year.

Orchid: Bringing Decentralization to VPNs

Whenever we browse the web, read news online, or purchase a new pair of glasses from an e-commerce store, we leave traces.

Twitter Hack Shows That Crypto Is Easier to Investigate Than Fiat, Say Industry Law Experts

A panel of compliance experts from the crypto industry agreed that law enforcement and institutional finance have been hearing more positive narratives about crypto. During an Aug.

Where FATF Crypto Compliance Gets Interesting: Africa

Crypto businesses seeing strong growth across the 54-country continent are working hard to meet the FATF's anti-money laundering standards.

Bitcoin Trading Is Booming in Uncertain Russia, With 350% Spike in New Users on Paxful

Bitcoin trading is growing in Russia.

Russian Interest in Paxful’s P2P Platform Surges 350%

Paxful has released data showing growing usage of its peer-to-peer trading platform in Russia. Data from Bitcoin (BTC) marketplace Paxful shows a huge surge of interest in cryptocurrency peer-to-peer trading in Russia, with 350% growth on a year-over-year (YoY) basis. According to the study, from the period of May 2019 to May 2020, Paxful is now seeing an average monthly trading volume of $4M in Russia.

Bitcoin trading is booming in Russia, says crypto exchange Paxful

Bitcoin exchange Paxful reports a 350% increase in users from Russia, registering month-over-month all-time highs since the start of the coronavirus crisis in March.

Paxful Chips Away at LocalBitcoins’ Russian P2P Market Dominance

Paxful’s year-old foray into Russian crypto markets is paying off for the peer-to-peer exchange.

Crypto Hardware Wallet Firm Ledger Hacked, One Million Customer Emails Exposed

Ledger said on Wednesday that its e-commerce database was hacked in late June, compromising about one million email addresses.

Data Breach at Crypto Wallet Firm Ledger Exposes User's Personal Info

Hardware wallet provider Ledger said its marketing database was breached between June and July. Major cryptocurrency hardware wallet provider Ledger has alerted customers to a data breach it faced in June and July. In an email on July 29, the company said it was made aware of the breach on July 14 when a researcher participating in its bounty program reached out with details of a potential vulnerability on their website. While they were able to fix the breach immediately, a further investigation by the team found that an authorized third party carried out a similar action on June 25.  The individual used an API key to access the marketing and e-commerce database the company used to send promotional emails.  According to Ledger, this compromised the email addresses of almost one million people.

Ledger Suffered Data Breach, Names, Phone Numbers, Addresses Leaked

France-based major hardware wallet provider Ledger has confessed that it was been hit with a data breach on June 17 that appears to have allowed a “third party” access to at least 1 million of its users’ contact details. The firm took to Twitter to state that its marketing and e-commerce database was compromised, exposing its customers’ contact details and order

Bitcoin wallet Ledger’s database hacked for 1 million emails

Hardware wallet maker Ledger suffered a breach of one million customer emails and e-commerce documents in June.

Live-Streaming Service Twitch Gives Subscribers 10% Discount if They Pay With Cryptocurrency

The live-streaming service Twitch is now offering a 10% subscription discount for people who register with cryptocurrency.

Ripple Director or Product Launches XRP Payments and E-Commerce Platform

Ripple’s director of product is rolling out the beta version of Payburner, an XRP-based e-commerce payment platform.

Streams of Excitement: Twitch Levels-Up to Unlock Bitcoin Discount

Twitch ramps up its crypto strategy with a digital currency promotion.

Ant Group Partners with Dell, Hewlett-Packard and Lenovo to Enable Access for its New Blockchain Solution—AntChain

Ant Group, formerly known as Ant Financial, the payments arm of Chinese e-commerce giant Alibaba, has launched a new blockchain solution, AntChain.

Alibaba Payments Subsidiary Launches AntChain Blockchain Solution

Alibaba’s payments arm Ant Group has launched a new blockchain solution, AntChain, for increased trust and transparency in industrial processes. The payments subsidiary of the Chinese e-commerce giant Alibaba, Ant Group, today launched a new blockchain solution dubbed AntChain.  According to a report published on South China Morning Post, AntChain is built on top of Ant Group’s blockchain technology combining artificial intelligence, Internet of Things (IoT), secure computation and other technologies. As part of the AntChain initiative, the Ant Group has built a new workstation similar in size to a laptop.

Twitter Promises Additional Security Measures

Twitter will add more security training to prevent a repeat of the hack that hit 130 accounts including celebrities. Twitter vows to add more security training and measures as the fallout from Wednesday’s wide-scale hack on the social platform continues.  Twitter said in a statement that it is continuing its investigation into the hack while it looks to provide more company-wide security training against social engineering tactics.

Miner Hoards: Q2 Bitcoin Mining Supply Outflow Touches 12-Month Low

Onchain data shows that bitcoin miners are hoarding despite the 50% loss in revenue that started on May 11, during the third reward halving.

Twitter Massive Hack Attack Traced Back to Crypto Wallet Using BitPay and Coinbase

In the massive Bitcoin scheme that happened earlier this week, reputed coin exchanges such as Binance, Gemini, and Coinbase were targeted by crypto scammers, and officials have been hard at work investigating the digital trail that may lead back to the crypto scammers.

The Twitter Hack Fiasco: Compromised Internal Tool, Paid Insiders, Direct Message Fears

On Wednesday, a large number of Twitter accounts were compromised and the hackers used the accounts to tweet about a bitcoin doubling scam.

Twitter Hackers Caught Using BitPay and Coinbase on Hack-Related Wallet

The Twitter hackers had used one of the addresses involved, which shows transactions to BitPay and Coinbase. The Twitter hackers who compromised more than a dozen celebrity accounts on Wednesday appear to be consolidating their funds to an address that had earlier sent money to BitPay and Coinbase. According to research from Whitestream, a blockchain analytics company, three transactions originating from the “1Ai5” address lead to wallets associated with Coinbase and BitPay, both of which provide merchant solutions.

Ziglu Insures Cryptocurrency Holdings up to £50,000 Against Cybercrime

The multi-currency banking platform has announced that each customer will now be insured against cybercrime up to £50,000. United Kingdom cryptocurrency banking platform Ziglu launched an insurance program on July 15 for digital assets held with the service.