Category: Transactions
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Changing everyday transactions with a crypto card
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Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. The 1 Inch Card aims to bridge traditional finance with cryptocurrencies, by providing a secure and flexible way to transact with both crypto and fiat currencies. Crypto cards have emerged…
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Runes Dominate Bitcoin, Accounts For Roughly 70% Of All Transactions
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Bitcoin, Solana, Ethereum, and even Cardano prices are slowing down after sharp price declines in the past few days. The falling prices mean that the enthusiasm has dried up, which negatively affects on-chain activity. Runes dominate Bitcoin However, as the cryptocurrency market recovers from last week’s shock, it has emerged…
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Ethereum Co-founder Rolls Out Game-Changing Feature To Accelerate ETH Transactions
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A massive surge is expected in the Ethereum network as the project’s co-founder and crypto enthusiast Vitalik Buterin has announced It has been revealed. A new feature of the Ethereum blockchain that promises to dramatically speed up transaction confirmation times. The new Single Slot Finality (SSF) feature has the potential…
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Ethereum Co-founder Rolls Out Game-Changing Feature To Accelerate ETH Transactions
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A massive surge is expected in the Ethereum network as the project’s co-founder and crypto enthusiast Vitalik Buterin has announced It has been revealed. A new feature of the Ethereum blockchain that promises to dramatically speed up transaction confirmation times. The new Single Slot Finality (SSF) feature has the potential…
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Russia’s VTB bank says US sanctions have complicated cross-border transactions By Reuters
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MOSCOW (Reuters) – U.S. sanctions imposed on Moscow this month have complicated foreign trade operations for Russian banks but they are gradually adapting to the new reality, the chief financial officer of Russia’s second-largest lender VTB said on Friday. On June 12, the United States imposed Ukraine-related sanctions on the…
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India digital currency transactions slump after reaching initial central bank target, sources say By Reuters
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Written by Jaspreet Kalra MUMBAI (Reuters) – Use of India’s digital currency, the e-rupee, has fallen to a tenth of its December peak, four sources said, reflecting the difficulties many countries have faced trying to rally public support for digital currencies. The Reserve Bank of India began a pilot of…
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China’s Wuhan Tianyu says inclusion on US sanctions list may impact forex transactions By Reuters
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BEIJING (Reuters) – Chinese information industry firm Wuhan Tianyu said on Sunday that the United States’ inclusion of it on the sanctions list was a “unilateral” act that could affect the data security company’s foreign exchange settlements. The US Treasury Department on Wednesday expanded sanctions aimed at curbing Russian military…
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Bitcoin Transactions Hit Yearly High: Over $25 Billion Transferred
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While the price of Bitcoin is stagnant below a major resistance level, the blockchain has achieved a remarkable milestone before the end of the month. On May 28, transactions on the Bitcoin network exceeded $25 billion in estimated value, marking the highest level in US dollar terms over the past…
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Bitcoin Transactions Hit Yearly High: Over $25 Billion Transferred
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While the price of Bitcoin is stagnant below a major resistance level, the blockchain has achieved a remarkable milestone before the end of the month. On May 28, transactions on the Bitcoin network exceeded $25 billion in estimated value, marking the highest level in US dollar terms over the past…
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XRP Ledger Daily Payment Volume Soars 350%, Hitting 2 Million Transactions
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As a hadith of my path a report As shown, the XRP Ledger (XRPL) showed significant progress during the first quarter of 2024. The decentralized public blockchain, which facilitates the transfer of XRP, fiat currencies, and other digital assets, has shown significant activity. XRP ledger burn rate slows amid low…
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XRP Ledger Daily Payment Volume Soars 350%, Hitting 2 Million Transactions
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As a hadith of my path a report As shown, the XRP Ledger (XRPL) showed significant progress during the first quarter of 2024. The decentralized public blockchain, which facilitates the transfer of XRP, fiat currencies, and other digital assets, has shown significant activity. XRP ledger burn rate slows amid low…
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UK Bank to ban customers from performing crypto transactions starting May 30
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Starting May 30, UK digital bank Kroo will ban its customers from making cryptocurrency transactions. Kroo, a London-based digital bank, announced that it will no longer allow its customers to conduct cryptocurrency transactions. This decision comes in response to the increasing number of online fraud and cryptocurrency-related scams. According to…
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UK Bank to ban customers from performing crypto transactions starting May 30
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Starting May 30, UK digital bank Kroo will ban its customers from making cryptocurrency transactions. Kroo, a London-based digital bank, announced that it will no longer allow its customers to conduct cryptocurrency transactions. This decision comes in response to the increasing number of online fraud and cryptocurrency-related scams. According to…
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Incognito Market Owner Arrested After FBI Tracked Crypto Transactions
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A Taiwanese national was accused of running Incognito Market, a drug market on the dark web, and was arrested after authorities traced the platform’s transactions. The platform has handled more than $100 million worth of cryptocurrencies through the sale of illegal drugs like fentanyl. The hidden market founder was arrested…
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Coinbase Layer 2 Base Takes This Industry by Storm, Captures 46% of Transactions
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Coinbase’s second layer network – Base – has seen a return of user activity. Franklin Templeton’s latest analysis revealed that Base has received significant attention from SocialFi apps like Friend.Tech. The Friend.Tech model, which funds social interactions, has drawn attention, especially with the launch of its v2 platform and the…
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Australia Eyes Unreported Crypto Transactions: Taxman Targets 1.2 Million Accounts
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The Australian Tax Office (ATO) has requested personal data and transaction details from cryptocurrency exchanges for up to 1.2 million accounts to crack down on potential tax evaders, Reuters reported. The move represents a major escalation in the ATO’s efforts to ensure compliance in the rapidly expanding cryptocurrency market. Overseeing…
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MoonPay, BitPay partner to simplify crypto transactions
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MoonPay, a web-based fintech company3, and BitPay, a cryptocurrency payments platform, have teamed up to simplify cryptocurrency transactions, with the aim of making the process more seamless. MoonPay announced via social media that the partnership will enable easier and faster cryptocurrency sales, simplifying how users transfer cryptocurrencies to their bank…
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More Than 90% Stablecoin Transactions Aren’t From Real Users, Reports VISA
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Image from the internet The rapid expansion of the stablecoin market has captured the attention of the cryptocurrency world, with advocates touting these digital assets as a revolutionary force in the $150 trillion global payments industry. However, a recent study, co-developed by Visa, revealed a startling fact – more than…
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Stablecoins Under Scrutiny: Study Reveals 90% Non-User Transactions
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A recent study by Visa and Allium Labs revealed that more than 90% of stablecoin transactions do not originate from real users. These findings raise questions about the potential for stablecoins to revolutionize the payments sector despite industry leaders’ optimism and overall positive market sentiment. Potential of stablecoins in payments…
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Over 90% of Stablecoin Transactions Not Genuine
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The stablecoin sector is no stranger to controversy, but a recent study questions whether these assets are as widely used as claimed. According to the report, a new metric developed by US multinational payment giant Visa indicates that more than 90% of stablecoin transactions are not done by real users,…