Category: Transactions
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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,…
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Bitcoin Network’s Historic Milestone: Surpassing 1 Billion Transactions
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The cryptocurrency scene celebrated a major milestone as the Bitcoin network processed its billionth transaction, a moment confirmed by esteemed Bitcoin dashboard, Clark Moody. This landmark event highlights the growing maturity of the network and the widespread adoption of cryptocurrencies as the world’s leading digital assets. Spanning more than 15…
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Bitcoin Network Tops 1 Billion In Total Transactions Processed
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The Bitcoin network has reached a major milestone, processing its billionth transaction yesterday. This milestone comes 15 years and 4 months after the Bitcoin genesis block was mined on January 3, 2009. just in: #Bitcoin It has officially processed over 1 billion transactions. pic.twitter.com/bFbSW5NEAW – Bitcoin Magazine (@BitcoinMagazine) May 5,…
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Nearly all stablecoin transactions are from bots and large-scale traders, study says
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More than 90% of stablecoin transaction volumes do not come from real users, according to a new metric co-developed by Visa Inc, suggesting that such cryptocurrency tokens may be a long way from becoming a commonly used means of payment. The dashboard from Visa and Allium Labs is designed to…
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Vodafone has an idea on how to manage crypto transactions
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UK telecom giant Vodafone is looking to integrate cryptocurrency wallets directly into mobile SIM cards. David Palmer, chief product officer (CPO) of Vodafone’s Pairpoint, explained the move in an article interview With Yahoo Finance the focus is on the future. Ballmer highlighted the company’s plans to drive the adoption of…