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Payments Startup Raises $80M From SBI Group, Visa Invest and Others

News Cross-border payments platform Currencycloud has raised $80 million in funding from SBI Group, Visa and other investors. Per a Jan. 27 press release, London-based Currencycloud secured $80 million from SBI Group, Visa, International Finance Corporation, BNP Paribas and Siam Commercial Bank. F..

Ukraine to Block Crypto Wallets for Illicit Funds, Finance Minister Says

News Ukrainian authorities will be able to “block crypto wallets” in order to seize illegally obtained assets, a notice on the country’s Ministry of Finance says. Oksana Markarova, Ukraine’s Finance Minister, reportedly said that the State Financial Monitoring Service of Ukraine (SFMS) will be the..

Pornhub Adds Tether Stablecoin as New Crypto Payment Option

News Adult entertainment website Pornhub has added a new cryptocurrency payment option after PayPal had abruptly stopped servicing its models in late 2019. According to a Jan. 23 blog post, Pornhub now supports Tether (USDT) — a major United States dollar-pegged stablecoin — to allow instant and z..

Singapore Gov’t, Mastercard and Mitsubishi Form Alliance to Digitize Trade

News The Singapore government, along with an array of the world’s major financial and manufacturing companies, has formed an alliance to promote the adoption of digital technologies in trade and commerce. According to a press release shared with Cointelegraph on Jan. 22, the government of Singapor..

Canadian Regulator Issues New Guidance for Cryptocurrency Exchanges

News Canadian authorities have issued new guidance to determine which digital currency trading platforms fall under derivatives law. The Canadian Securities Administration (CSA) explained new provisions in the “Guidance on the Application of Securities Legislation to Entities Facilitating the Trad..

Power Ledger Integrates Blockchain-Based Energy Auditing in Solar Power Asset

News Australia-based blockchain energy firm Power Ledger has purchased a 250 kilowatt (kW) photovoltaic system that will utilize a blockchain-based data management and settlement system. Per a press release shared with Cointelegraph on Jan. 13, Power Ledger purchased the system from Perdaman Advan..

US Treasury to Complete PoC of Blockchain-Based Grants Payment System

News The United States Treasury Department has almost completed tests of a blockchain-based grants payment capability as part of the exploration of how the tech can improve such operations. As the Business of Federal Technology reported on Jan. 10, the Treasury Department launched a program design..

Bitcoin Network SegWit Adoption Hits 66% After BitMEX Embraces Upgrade

News More Bitcoin (BTC) transactions now use so-called Segregated Witness (“SegWit”) technology than ever before, the latest data shows. According to various resources including SegWit.Space, adoption of the protocol has reached up to 66% of all Bitcoin transactions as of Jan. 4. Two in three BT..

IOTA Fixes Issue After Freezing Mainnet Transactions for 24 Hours

News Users of IOTA, the 24th biggest cryptocurrency by market cap, were unable to confirm transactions for 24 hours due to a mainnet incident on Dec. 29. According to an official statement on the issue, the IOTA network experienced a mainnet incident that began at 2:50 AM UTC on Dec. 29, and was f..

Someone Say Bear Market? Bitcoin Sets 3 Huge New Records in 2019

Market Analysis Bitcoin (BTC) was, in fact, anything but bearish in 2019, as new data shows its technical strength has reached levels never seen before. An examination of three metrics — Bitcoin’s transaction count, USD transaction volume and hash rate — confirms the largest cryptocurrency firmly ..

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