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“# Binance disappointed by Barclays’ ‘unilateral action’ to block customer payments ” Barclays’ decision to stop facilitating British customers’ payments to Binance has been met with criticism by the cryptocurrency exchange after a spokesperson told Cointelegraph that the bank acted with “an inaccurate understanding of events.” “We are disappointed that Barclays appears to have taken…
“# Balancer earmarks $10M for near-zero fees on Ethereum-compatible trades ” The adoption rate of a cryptocurrency is heavily dependent on its use cases in the real world. Balancer Protocol’s latest effort in this regard is the launch of support on the Layer-2 solution Polygon to reduce Ethereum gas costs. With this partnership, Balancer joins…
“# Bitcoin has failed miserably as currency, says NYU’s ‘dean of valuation’ ” Aswath Damodaran, professor of finance at New York University’s Stern School of Business, has reiterated his criticism of Bitcoin (BTC). Appearing on episode 10 of the Moneycontrol Masterclass program, the NYU professor doubled down on his longstanding repudiation of Bitcoin as currency….
“# Bitcoin volatility still a concern for CEO of BNY Mellon subsidiary ” Despite BNY Mellon’s entrance into Bitcoin (BTC), the CEO of one of the company’s asset management units is still sceptical about major risks associated with the world’s largest cryptocurrency. Francesca Fornasari, head of currency solutions at BNY Mellon’s subsidiary Insight Investment, believes…
“# 50,000 electric vehicle charging stations in Europe to offer crypto payments ” Two payments firms have partnered to roll out crypto payments across 50,000 electric vehicle (EV) charging stations in Europe. The partnership is between Irish e-commerce and mobile payment solutions firm HIPS Payment Group Ltd and Vourity, a Swedish firm that specializes in…
“# Institutional exchange launches crypto debit card ” Intercontinental Exchange subsidiary Bakkt has introduced a debit card allowing customers to use crypto for retail purchases. In a Tuesday announcement, Bakkt said it had launched a fully virtual Visa debit card for both online and in-store spending. Card holders can spend Bitcoin (BTC) from their Bakkt…
“# Sotheby’s will allow people to trade their crypto for an ‘intrinsically worthless’ rock ” Luxury auction house Sotheby’s will accept bids in crypto for a massive diamond scheduled to be auctioned in Hong Kong next month. According to a Monday Reuters report, Sotheby’s will offer a 101.38-carat pear-shaped diamond for bids in crypto and…
“# Cointelegraph Consulting: Report pictures a crypto-consumer portrait ” Bitcoin’s status as legal tender in El Salvador has recently sparked a new round of discussion concernin Bitcoin (BTC) and its role in the world economy. Despite ambiguous reactions from institutions such as JPMorgan and the World Bank, some feel that Bitcoin’s status as a means…
“# Indonesia’s central bank marshals staff to enforce crypto payments ban ” Indonesia’s central bank governor, Perry Warjiyo, is mobilizing official supervisors to enforce the country’s ban on financial institutions using crypto assets as a means of payment. During a virtual seminar on Tuesday, June 15, Warjiyo reiterated that local financial firms and payment provided…
“# El Salvador minister says it’s too early to use Bitcoin for wages ” El Salvador’s Minister of Labor and Social Welfare has said that the country is not yet ready to adopt Bitcoin (BTC) for salary payments. In a Wednesday tweet, Rolando Castro denied local reports which claimed that his ministry had begun analyzing…