On The Web

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Systems

A Quarter of Small Businesses Across Nine Countries Plan to Offer Crypto Payments -Visa Survey

January 14 2022

• in
• Cryptocurrencies

“Almost a quarter of small businesses in nine countries around the world plan to accept digital currencies as a form of payment in 2022, while 13% of consumers in those countries expect retail stores to begin offering crypto payments this year and beyond, according to a survey by Visa Inc (V.N) . The survey of […]

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Systems

Iran to Allow Crypto Payments for International Trade: Report

January 13 2022

• in
• Cryptocurrencies

“The Central Bank of Iran, or CBI, and the Ministry of Trade have reached an agreement to link the CBI’s payment platform to a trade system allowing businesses to settle payments using cryptocurrencies, the Mehr News Agency reported Monday. Alireza Peyman-Pak, Iran’s deputy minister of Industry, Mine and Trade and head of Iran’s Trade Promotion […]

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Systems

TransUnion Brings Credit Data Checks to Crypto Lending

January 12 2022

• in
• Cryptocurrencies

“Cryptocurrency lenders are going to be able to start checking credit reports. TransUnion , one of the three major U.S. consumer credit reporting firms, will let consumers give blockchain companies access to their personal credit data through the security firm Spring Labs’ ky0x Digital Passport.”

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Regulation

Government Report Suggests Tightening Regulations on Crypto ATMs

January 12 2022

• in
• Cryptocurrencies

“The use of crypto payments to facilitate illegal human and drug trafficking is rising, and the Government Accountability Office (GAO) is blaming crypto kiosks. In a new study released Monday, the GAO – a government agency that provides auditing and investigative services for Congress – highlighted that the kiosks, also called crypto ATMs, were partly […]

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Systems

Stablecoin Supply Grew by 388% This Year, Driven by DeFi and Derivatives

December 21 2021

• in
• Cryptocurrencies

“As indicated by The Block Research’s 2022 Digital Asset Outlook report , the aggregate supply of stablecoins has increased from $29 billion at the start of 2021 to more than $140 billion. That growth benefited a swathe of stablecoins, including tether (USDT) and USD coin (USDC), which is managed by a consortium that includes Circle […]

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Global

RBI Told Board It Wants Blanket Crypto Ban, Economic Times Says

December 20 2021

• in
• Cryptocurrencies
• India

“The Reserve Bank of India said it favors a complete ban on cryptocurrencies at a meeting of its central board on Friday, the Economic Times reported , citing unnamed people familiar with the deliberations. India’s central bank made a detailed presentation to its board highlighting “serious concerns” around the impact of cryptocurrencies on macroeconomic and […]

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Systems

The Biggest Threat to Trust in Cryptocurrency: Rug Pulls Put 2021 Scam Revenue Close to All-time Highs – Chainalysis

December 16 2021

• in
• Cryptocurrencies

“Scams were once again the largest form of cryptocurrency-based crime by transaction volume, with over $7.7 billion worth of cryptocurrency taken from victims worldwide. That represents a rise of 81% compared to 2020, a year in which scamming activity dropped significantly compared to 2019, in large part due to the absence of any large-scale Ponzi […]

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Systems

Over $10 Billion Was Stolen in DeFi-related Theft This Year. Here’s How to Protect Yourself From Common Crypto Scams

December 16 2021

• in
• Cryptocurrencies

“Between January and July alone, $681 million was exploited in major cryptocurrency thefts, hacks and fraud, according to intelligence firm CipherTrace.   This year overall, many of the most notable hacks involved decentralized finance, or DeFi, projects , with more than $10 billion lost to DeFi theft and fraud, a November report from blockchain analytics […]

On The Wires

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Systems

NCR Completes Acquisition of Cryptocurrency Leader LibertyX

January 14 2022

• in
• Cryptocurrencies

“NCR Corporation (NYSE: NCR), a global enterprise technology provider, today announced the completion of the previously announced transaction to acquire LibertyX , a leading cryptocurrency software provider. LibertyX is a strong strategic fit for NCR because it accelerates NCR’s ability to rapidly deliver a complete digital currency solution to its customers, including the ability to […]

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Systems

Alchemy Pay (ACH) Leverages Fintech Giant NIUM and Amplifies Its Market Reach

January 10 2022

• in
• Cryptocurrencies

“The global fintech giant, NIUM, announces its partnership with Alchemy Pay (ACH), a fiat-cryptocurrency gateway solutions provider. The partnership represents major progress for Alchemy Pay who will now leverage NIUM’s huge global coverage and swiftly pay out funds to clients at significantly lowered costs in the 190+ countries and territories where NIUM operates. In addition, […]