Business

WhatsApp Payments Suspended by Brazil’s Central Bank

[ad_1] Brazil’s central bank has ordered Mastercard and Visa to suspend processing money transfers on behalf of Facebook’s WhatsApp.According to official information shared with Cointelegraph Brazil, the Central Bank of Brazil (BC) took action against WhatsApp Pay “to preserve an adequate competitive environment” and allow the central bank to assess the risks posed by the firm to the country's existing financial sector.Visa and Mastercard will face heavy fines and administrative
BLOCKCHAIN

Why Binance.com.au is Now Delivering Flowers

[ad_1] Leading cryptocurrency exchange Binance has lost a dispute over the domain name ‘binance.com.au’ to an Australian florist trading under the name Binancé.On June 17, the World Intellectual Property Organization (WIPO) denied a complaint filed by the exchange in April, finding that Binance had “not discharged its onus of demonstrating the Respondent does not have rights or a legitimate interest in the disputed domain name.”WIPO concluded that “no good purpose
Business

Supreme Court Limits SEC’s Power to Seek Punitive Fines on Crypto Firms

[ad_1] The United States Securities Exchange Commission (SEC) has new regulatory limitations when it comes to punishing defendants with fines. The ruling would have altered the fines sought in some notable recent cryptocurrency-related cases.According to a June 23 summary of the U.S. Supreme Court case Liu v. SEC in the National Law Review, the court ruled the SEC can not impose fines—known as disgorgements—that exceed the profits made from illegal
Business

Balancer Echoes Compound With 235% Spike on First Day

[ad_1] Decentralized finance (DeFi) tokens from Balancer, Ben, Aave and Swissborg have all made huge gains, in the wake of excitement generated by the distribution of Compound’s governance token.Less than twelve hours after Balancer announced its protocol governance token BAL was live on the Ethereum mainnet, and the price jumped from $6.65 to $22.28. At the time of writing, the DeFi token was trading at $15.60, with a little over
Business

Compound Token Suffers Heavy Losses But Still Dominates DeFi Rankings

[ad_1] Compound Governance Token (COMP), the native token to the popular decentralized finance (DeFi) protocol Compound, has suffered heavy losses after its meteoric first day of trading on Coinbase.After trading as high as $427 on Coinbase Pro on Tuesday, COMP has fallen back below $250 within 8 hours of the local high. With less than one-quarter of COMP’s entire supply currently circulating, the aggressive price swings were driven by relatively
EXCHANGES

83% of Bitcoin Addresses Currently Profitable, Says Glassnode

[ad_1] At least 83% of existing Bitcoin addresses are currently in a state of profit, according to Glassnode. That’s a 43% increase since bitcoin’s precipitous crash on March 12, now known as the ‘Black Thursday.’ At the time, only 45% of all the BTC addresses were profitable – a low for 2020. Per the new data, the highest proportion of addresses in profit this year reached 89% on June 1,
EXCHANGES

Max Keiser Bashes Bitcoin SV, Says Its Price Is a “Hologram”

[ad_1] Bitcoin Satoshi Vision (BSV) has a market capitalization of over $3 billion, despite the criticism it has faced over recent years. This makes it the sixth-largest cryptocurrency, ahead of some of the most prominent altcoin projects. Yet a prominent cryptocurrency investor is hesitant to put his faith in the $3 billion market cap of BSV. He says that the asset’s relatively high price is a byproduct of “wash-sales” from
BUY/SELL

Surge in Stablecoin and DeFi Growth Bring Ethereum Fees to 2-Year High

[ad_1] The median transaction fees on the Ethereum network are the highest they have been in two years and have risen above Bitcoin fee for the second time in the last three months. Recently, Coinbase researcher Max Bronstein tweeted the chart below and suggested that the most recent surge seems to be due in largely in part to increased interaction with stablecoins on the Ethereum network.Tx. fee earnings of Bitcoin and
EXCHANGES

Here’s Why the PayPal News May Signal a Global Bitcoin “Hash War” is Looming

[ad_1] The crypto sphere was lit ablaze by news that PayPal and Venmo are both looking to roll out direct crypto trading capabilities to their users This comes as their competitor, CashApp, sees massive revenue inflows from its Bitcoin sales This is certainly a sign of growing retail adoption, and will place Bitcoin in front of the platform’s 325 million users scattered across the globe One prominent Bitcoin advocate is
EXCHANGES

Ethereum Network Fees Jump Above Bitcoin Transaction Fees for Two Weeks Straight

[ad_1] This week digital currency enthusiasts have been discussing network fees, specifically transaction fees associated with the Bitcoin and Ethereum blockchains. Last Sunday on June 21, one Ethereum proponent noted that during the last 16 days, Ethereum users have paid more to leverage the network than Bitcoin users. Digital currencies like bitcoin, ethereum, bitcoin cash, and litecoin all have a network or miner fee associated with sending each and every