Ripple says it’s planning to expand its payments business in the U.S. Right now, 90% of the blockchain company’s business is based outside the U.S., Ripple senior director and head of product marketing, W. Oliver Segovia, said on LinkedIn last week. “After being relatively quiet for...
Bitcoin continued its recent decline, falling below $39,000 on Tuesday. This marks the world’s largest cryptocurrency’s lowest level since December and comes after a 2.5% drop to $39,163.22, CNBC reported Tuesday (Jan. 23). The cryptocurrency had already experienced a 4% loss the previous day when it briefly...
GameStop is getting out of the non-fungible token (NFT) arena. In an update posted on its GameStop NFT website, the company said it has decided to wind down its NFT marketplace “due to the continuing regulatory uncertainty of the crypto space.” “Effective as of February 2, 2024, customers...
Last year was not a good one for non-fungible tokens (NFTs). Sales for the blockchain-based digital assets fell 63% to $8.7 billion in 2023, even with volume tripling between October and November, Bloomberg News reported Sunday (Jan. 14), citing data from CryptoSlam. As that report notes, NFTs...
DLTPAY, a stablecoin wallet provider based in Tallinn, Estonia, reportedly integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to facilitate cross-chain stablecoin payments across Ethereum Layer-2 networks. The integration aims to simplify transactions and improve the user experience, according to a press release posted on Cointelegraph. Reached...
Japanese eCommerce giant Mercari will reportedly begin accepting bitcoin payments on its platform in June. While prices for products listed on Mercari’s flea market app will be displayed in Japanese yen, users will have the option to purchase them with bitcoin, Cointelegraph reported Monday (Jan. 8), citing...
The Securities and Exchange Commission (SEC) should approve all applications for spot bitcoin exchange-traded funds (ETFs) simultaneously, Grayscale Investments CEO Michael Sonnenshein said Monday (Dec. 18). In an interview with Bloomberg TV, Sonnenshein said that this approach would create an even playing field for investors and prevent any disadvantage to the...
Hackers have apparently stolen millions of dollars worth of non-fungible tokens (NFTs) in a recent security breach. Peer-to-peer trading platform NFT Trader confirmed the breach on X Saturday (Dec. 16), saying it had “suffered an attack on old smart contracts.” And the website Revoke.cash said that the...
Distributed ledger technology (DLT) has long been promised to upend traditional financial services. The common refrain has been that blockchain would do so by disintermediating everything that banks do — from settlements to extending credit to investing, and even to sending and storing money. The...