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Wednesday, October 28, 2020

Mastercard expands cryptocurrency program to issue cards on its network

Mastercard has expanded its cryptocurrency program to make it easier for companies in the space to issue their own payment cards. The company has signed a deal with Wirex that makes the London-based start-up the first "native" cryptocurrency platform to gain principal membership. That effectively...

Goldman bets on blockchain as future of financial markets with new head of digital assets

The bank made Mathew McDermott, a managing director who ran the investment bank’s internal funding operations, its new global head of digital assets last month, CNBC has learned. McDermott, who is based in London, has a radical vision for markets: a future in which all...

What’s ‘Yield Farming’? (And How Do You Grow Crypto?)

By Olga Kharif and Ryan Williams There’s always a get-rich scheme in cryptocurrencies. Thousands of investors lost billions of dollars on Bitconnect, a pyramid scheme offering monthly returns of 40% or more that collapsed in 2018 after regulators began to investigate. Then there was a stampede to...

Beijing-Backed Crypto Entrepreneur Eyes Unification of World’s Blockchains

Bloomberg) -- The blockchain world today is thousands of disparate platforms that can’t talk to each other. So a little-known startup hatched one of the most ambitious plans yet to bridge all the divides -- and it’s got the backing of the Chinese government. Beijing-based...

BitPay Launches Prepaid Crypto Mastercard for US Customers

Blockchain payments provider Bitpay has launched a prepaid debit card enabling U.S. customers to spend their crypto holdings as fiat currency. Known as BitPay Card and provided through Mastercard, the offering enables U.S. users to spend bitcoin or other cryptocurrencies in stores accepting Mastercard debit...

Telegram quits Cryptocurrency

Telegram is officially calling it quits on its crypto-focused subsidiary, Telegram Open Network (TON). “Telegram’s active involvement with TON is over,” writes Pavel Durov, founder and CEO, in an announcement on his channel. #Telegram is officially calling it quits on its crypto-focused subsidiary, Telegram Open Network...

Why 2020 will be a big year for crypto

2020 is going to be a big year for crypto. The “Crypto Winter” of 2018/2019 flushed out much (but certainly not all) of the nonsense, and the market has significantly matured over the last few years. In 2020, I expect accelerating crypto asset adoption, and...

CBN: we cannot recommend crypto currency usage now

The Central Bank of Nigeria (CBN) has said it acknowledged the existence and usefulness of crypto technology but hasn’t taken any official position on it. Its Chief Information Security Officer, Rakiya Mohammed, who spoke at Secure Enterprise 2019 organised by IT and T Solutions Ltd,...

Multinationals like Facebook want to wrestle control of the monetary system away from nation states

Facebook improving payments is likely only the start of what’s to come with currency In the beginning, there was Bitcoin. First proposed by the anonymous Satoshi Nakamoto in 2008, the first Bitcoin was created, or mined, in January 2009, before 4K TV, before Snapchat,...

OneWattSolar seeks to Tackle Nigeria’s Electricity Crisis Using Blockchain Technology

OneWattSolar,a solar startup company is willing to create affordable solar energy for Nigerians with the use of virtual blockchain tokens. This move by the company will remove the over-dependence of generators in the country. Decentralized Technology Paving the Way for Solar Power A Lagos-based blockchain renewable...
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