#cryptocurrencies

Börse Stuttgart Digital Exchange Launched Trading App Which Supports 4 Cryptocurrencies

Crypto News Point

Jun 3, 2021
2 min

Börse Stuttgart Digital Exchange Launched Trading App Which Supports 4 Cryptocurrencies

Börse Stuttgart Digital Exchange (BSDEX), the German-based first regulated trading venue for crypto assets, has launched a trading app that supports four cryptocurrencies. It has been reported that as a digital assets trading venue that fulfills the regulatory requirements of the German Banking Act, the venue has been a pioneer in the mainstreaming of crypto in Germany. Previously, investors had access to an earlier crypto trading app called Bison, which was first launched ba

North Dakota’s Williston City Partners With BitPay To Accept Cryptocurrencies For Utility Bill

Crypto News Point

May 18, 2021
1 min

North Dakota’s Williston City Partners With BitPay To Accept Cryptocurrencies For Utility Bill

North Dakota’s Williston city has partnered with crypto payment firm BitPay to start accepting cryptocurrencies like Bitcoin (BTC) as payment for utility bills. Hercules Cummings, finance director for the City of Williston, said: “We have partnered with BitPay, the largest virtual payment merchant whose partners include Microsoft and Facebook. We are the first municipality in the State of North Dakota, and the third in the nation, to offer this service.” It has been reported

Blockcap Acquires Additional 8,000 Rigs And Begins Mining Other Cryptocurrencies

Crypto News Point

May 5, 2021
2 min

Blockcap Acquires Additional 8,000 Rigs And Begins Mining Other Cryptocurrencies

Blockcap, one of the largest crypto mining firms in North America, has acquired an additional 8,000 rigs and has begun mining other cryptocurrencies. It has been reported that the mining firm said it planned to have more than 50,000 mining rigs online by the end of 2022. Blockcap now controls more than 12,000 mining rigs, generating more than 6.6 Bitcoin (BTC) daily, around $380,000, as of May 3. The firm added that it was accelerating its move to mine other cryptocurrencies

University of Wyoming Allocates $4 Million To Running Nodes And Staking Cryptocurrencies

Crypto News Point

May 3, 2021
2 min

University of Wyoming Allocates $4 Million To Running Nodes And Staking Cryptocurrencies

The University of Wyoming has announced that it has allocated $4 million to running nodes and staking at least three cryptocurrencies. It has been reported that a Wyoming Blockchain and Fintech Select Committee appointee and founder of Avanti Bank & Trust — a local bank servicing the digital asset sector. April 28, 2021 NEWS NOT REPORTED YET: State of #Wyoming appropriated $4m for nodes/staking in at least 3 cryptocurrencies, run by Univ of Wyoming. This kickstarts program

Central Bank of Iran To Explore Potential Use Of Cryptocurrencies To Pay For Imports

Crypto News Point

May 1, 2021
2 min

Central Bank of Iran To Explore Potential Use Of Cryptocurrencies To Pay For Imports

The Central Bank of Iran (CBI) has continued to explore the potential use of cryptocurrency as a tool for mitigating the devastating impact of economic sanctions imposed by the United States. It has been reported that CBI is authorizing banks and licensed Forex shops to use cryptocurrency as payments for imports. However, under its regulatory framework, the cryptocurrency must derive from licensed crypto miners only. These mining operations are officially permitted by the Ira

WeWork Plans To Hold Cryptocurrencies On Its Balance Sheet

Crypto News Point

Apr 24, 2021
2 min

WeWork Plans To Hold Cryptocurrencies On Its Balance Sheet

WeWork, the SoftBank-owned commercial real estate firm and co-working space giant, has planned to hold cryptocurrencies on its balance sheet. It has been reported that WeWork’s crypto balance sheet will come from the company adopting cryptocurrencies as a payment method. However, WeWork has partnered with crypto payment service platform BitPay to accept digital currency payments for its workspaces, as it will reportedly accept Bitcoin (BTC), Ether (ETH), and stablecoins USD C

Nuvei Adopts Payment Support For 40 Cryptocurrencies

Crypto News Point

Mar 30, 2021
2 min

Nuvei Adopts Payment Support For 40 Cryptocurrencies

On March 29, the global payment technology partner of thriving brands, Nuvei announced that it has added payment support for around 40 of “the world’s leading cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, NEO, Ripple and more.” The new feature will allow the “eCommerce merchants to join the cryptocurrency revolution”, thereby “offering innovative payment methods to access more customers around the world, even in previously hard to reach countries.” Ac

The Risk Factors In The Crypto Industry For Newbies

Crypto News Point

Mar 6, 2021
7 min

The Risk Factors In The Crypto Industry For Newbies

. THE GAMBLE OF INVESTING IN CRYPTOCURRENCIES The crypto industry has been the subject of discussion for over a couple of years. Disrupting the financial sector, cryptocurrency in the form of Bitcoin has seen a massive boom. Some countries are successfully operating these intangible assets, while some are still in speculation of their very existence, having second thoughts on its security aspect, trying to regulate it to ensure ease in transactions while complying with the ju

BCB Group To Help Corporations Navigate Cryptocurrencies Like Bitcoin

Crypto News Point

Feb 23, 2021
2 min

BCB Group To Help Corporations Navigate Cryptocurrencies Like Bitcoin

BCB Group, the UK-based digital financial services firm, has planned to help corporations navigate cryptocurrencies lik30Bitcoin (BTC) by launching a dedicated service. It has been reported that BCB Group has launched BCB Treasury, a new service designed for corporate treasury departments seeking to get involved in Bitcoin à la Tesla. However, the new service aims to provide a specific solution enabling access to treasury management for companies willing to invest their capit

Swiss canton of Zug Allows Its Residents To Pay Taxes In Cryptocurrencies

Crypto News Point

Feb 21, 2021
2 min

Swiss canton of Zug Allows Its Residents To Pay Taxes In Cryptocurrencies

Report said that the Swiss canton of Zug now allows its residents to pay taxes in cryptocurrencies like Bitcoin (BTC) and Ether (ETH). It has been reported that Bitcoin Suisse, a local crypto broker that enabled the new opportunity in partnership with the canton, announced that the crypto payment option has rolled out this week. PAY TAXES IN BITCOIN – As of this week – for the first time – the Canton of Zug is accepting cryptocurrencies (#Bitcoin and #Ether) for cantonal tax

Dubai-Based Kiklabb Can Pay For Visa Fees And Trade Licenses Via Cryptocurrencies

Crypto News Point

Feb 17, 2021
1 min

Dubai-Based Kiklabb Can Pay For Visa Fees And Trade Licenses Via Cryptocurrencies

Kiklabb, the Dubai-based government-owned licensing firm, has said that it can now pay for visa fees and trade licenses via cryptocurrencies. It has been reported that the supported crypto payment options are Bitcoin (BTC), Ether (ETH), and Tether (USDT). Tasawar Ulhaq, the CEO of said that the decision was in line with the growing appeal of crypto payments in the fintech arena. He added: “It really was just a matter of time before we recognized Bitcoin, Ethereum, and Tether.

MasterCard To Allow Its Almost One Billion Users To Spend Cryptocurrencies At More 30 Than Million M

Crypto News Point

Feb 15, 2021
2 min

MasterCard To Allow Its Almost One Billion Users To Spend Cryptocurrencies At More 30 Than Million M

Report said that MasterCard will allow its almost one billion users to spend cryptocurrencies at more than 30 million merchants. It has been reported that the firm believes this may open merchants up to new customers and build loyalty with existing customers who are already migrating to digital assets over traditional fiat options. The report said: “It’s about choice. MasterCard isn’t here to recommend you start using cryptocurrencies. But we are here to enable customers, mer

Coinsquare Announces New Mobile Trading Application To Simplify Buying And Selling Of Cryptocurrenci

Crypto News Point

Feb 10, 2021
2 min

Coinsquare Announces New Mobile Trading Application To Simplify Buying And Selling Of Cryptocurrenci

Coinsquare, the Canadian digital currency platform, has announced a new mobile trading application to simplify the buying and selling of cryptocurrencies in Canada. It has been reported by the company that Quick Trade was officially unveiled on February 8 (Monday) by allowing commission-free transactions of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BTC). However, a total of 15 trading pairs are available at launch, with “many more digital assets to be o

Combined Value Of All Cryptocurrencies Break A New Record Of $1.139 Trillion

Crypto News Point

Feb 6, 2021
1 min

Combined Value Of All Cryptocurrencies Break A New Record Of $1.139 Trillion

Report said that the combined value of all cryptocurrencies broke a new record of $1.139 trillion on February 4. It has been reported that while long-term analysts often eye Bitcoin‘s solo chances of eating into gold’s total market cap, the combined value of all cryptos together is more competitive with the total market cap of silver, at just under $1.5 trillion. However, having broken the $1 trillion milestones early in January 2021, the crypto market is seeing a greater di

Dan Schulman: PayPal Is Ready To Double Down On Cryptocurrencies

Crypto News Point

Feb 5, 2021
2 min

Dan Schulman: PayPal Is Ready To Double Down On Cryptocurrencies

Dan Schulman, the CEO of PayPal, said that the payments giant is ready to double down on cryptocurrencies, after a limited buy/sell/hold crypto trading launch “exceeded expectations.” Schulman said: “We also saw an exceptional response from our crypto launch. […] The volume of crypto traded on our platform greatly exceeded our expectations.” It has been reported that Schulman said that crypto would be accepted “as a funding source when [users] shop at any of our 29 million me

Decentralized Finance (DeFi) Driving Forces Of Cryptocurrencies

Crypto News Point

Feb 3, 2021
2 min

Decentralized Finance (DeFi) Driving Forces Of Cryptocurrencies

Decentralized finance (DeFi) is growing as one of the key factors behind the growth of the crypto sector establishing itself as an essential part of the acceptance of widespread cryptocurrencies. Do we have DeFi to thank for further crypto adoption? Total volume swells above $50 billion with @uniswap leading the way. https://t.co/3byWr9bL0L (Reporting via @CointelegraphMT) — Cointelegraph (@Cointelegraph) February 2, 2021 Delphi Digital recently stated that there has been a

Cryptocurrencies Vs. Mutual Funds

Crypto News Point

Jan 19, 2021
7 min

Cryptocurrencies Vs. Mutual Funds

Cryptocurrencies are the digital currencies in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority. Governments have no control over the creation of cryptocurrencies, which is what initially made them so popular. Most cryptocurrencies as well as Bitcoin begin with a market cap in mind, which means their production will decrease over time, which make any particular coin more valuable in the

FinCEN Wants Americans To Report If They Have More Than $10,000 In Cryptocurrencies With Foreign Fin

Crypto News Point

Jan 3, 2021
2 min

FinCEN Wants Americans To Report If They Have More Than $10,000 In Cryptocurrencies With Foreign Fin

The Financial Crimes Enforcement Network (FinCEN) wants Americans to report if they have more than $10,000 in cryptocurrencies with foreign financial or virtual asset service providers. It has been reported that FinCEN announced its intention to amend the Bank Secrecy Act’s Foreign Bank and Financial Accounts (FBAR) regulations in a rulemaking notice published on New Year’s Eve. The report stated: “FinCEN intends to propose to amend the regulations implementing the Bank Secre

Russian Government Anticipates More Cryptocurrencies To Be Issued In The Local Market In 2021

Crypto News Point

Dec 24, 2020
1 min

Russian Government Anticipates More Cryptocurrencies To Be Issued In The Local Market In 2021

The Russian government is anticipating more cryptocurrencies to be issued in the local market in 2021. It has been reported that Anatoly Aksakov, a member of the Russian State Duma and a key representative of local crypto legislation efforts, said that the Duma’s Committee on Financial Markets expects Russian crypto issuance to surge after the adoption of the country’s new crypto law on January 1, 2020. Passed in July 2020, the law “On Digital Financial Assets” provides legal

Paxos Filed An Application To Open A National Bank To Hold Cryptocurrencies

Crypto News Point

Dec 12, 2020
2 min

Paxos Filed An Application To Open A National Bank To Hold Cryptocurrencies

Paxos, the crypto services provider, has filed an application to open a national bank on Wednesday to hold cryptocurrencies and execute the duties of a regular trust bank. If approved, the pioneering Paxos General Trust will be headquartered in New York. It has been reported by the Paxos website that being granted a national trust bank charter from the US government would broaden both the range of services offered by the company and the geographic area to which it can offer s