Category: CRYPTOCURRENCY
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Banks Go Cashless, A Sign of Wider Crypto Acceptance
In a rapidly digitizing world, traditional banking systems are finding themselves at the crossroads of evolution. Macquarie Bank’s recent announcement, intending to transition entirely to a digital-only banking system by November 2024, underscores this global shift. While this move may be seen as a nod towards progress and efficiency, it also sparks significant discussions, especially…
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PayPal Launches Dollar-backed Stablecoin, PYUSD — What Crypto Merchants Need to Know
In an ambitious stride towards harnessing the power of blockchain, PayPal, a leading name in financial services, unveiled its latest digital endeavor: a stablecoin named PayPal USD or PYUSD. This isn’t just any run-of-the-mill crypto announcement. It marks a significant milestone as PayPal becomes the first major American financial institution to launch its own stablecoin…
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The Impact of the UK’s Financial Services and Markets Act 2023 on Crypto Traders
The dawn of a new era for cryptocurrency traders in the United Kingdom has arrived with the amendment of the Financial Services and Markets Act 2023. This milestone legislation, which has received Royal Assent from King Charles, ushers in a progressive regulatory framework, defining and recognizing cryptocurrency trading as a regulated financial activity. As digital…
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Crypto Businesses Are the New Home for Luxury Goods
Welcome to a fascinating exploration of the luxury goods market and its exciting intersection with the world of blockchain technology. In 2022, we witnessed a remarkable trend: luxury goods accounted for a staggering 20% of items sold by crypto-enabled merchants. This statistic has piqued the interest of many, and we’re here to delve into the…
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FTC Takes Down DK Automation — Does Your Crypto Business Stand a Chance?
In the latest news, the Federal Trade Commission (FTC) takes action against DK Automation LLC (AMZDFY) and its owners, David Shawn Arnett and Kevin David Hulse, due to false claims of earnings potential, false reviews, and lack of disclosure for consumers. It’s estimated that nearly $575 million of consumer money was lost due to their…
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