Block ecosystems Square and Cash App have begun rolling out a feature that will allow eligible Square sellers to automatically convert a portion of their daily sales to bitcoin with Cash App. The rollout of this new Bitcoin Conversions feature began Wednesday (April 24), Block said in an email to...
Federal prosecutors want former Binance CEO Changpeng Zhao to spend three years in prison. The one-time head of the world’s largest cryptocurrency platform deserves this sentence, the Department of Justice said Tuesday (April 23), because he willfully violated U.S. laws governing crypto to further Binance’s growth. “Zhao and Binance...
Cryptocurrency giant Binance could soon find it harder to do business in the Philippines. The country’s Securities and Exchange Commission (SEC) on Tuesday (April 23) called on Apple and Google to remove Binance’s app from their app stores, a move that followed months of the regulator warning residents not to do...
A Binance executive who fled Nigerian custody last month has reportedly been found in Kenya. Nadeem Anjarwalla, a British-Kenyan who is the cryptocurrency giant’s regional manager for Africa, escaped after weeks of being held in Nigeria along with a second executive. He has since been located in Kenya and is facing...
Like the Summer Olympics and the presidential election, bitcoin’s “halving” comes every four years. The latest halving — a preprogrammed event that cuts the amount of available coins to be mined in half — happened Friday (April 19) evening, according to multiple published reports. As...
A group of FTX investors has agreed to drop legal claims against Sam Bankman-Fried. In exchange, the disgraced former crypto exchange CEO will cooperate in the investors’ suits against other defendants stemming from FTX’s collapse, including various celebrities paid to promote the exchange, according to court documents filed...
Stablecoin issuer Tether has partnered with the TON Foundation to enable customers to send cryptocurrency payments using encrypted messaging service Telegram. This collaboration aims to create an app that serves as both a communication system and a bank account, providing users with a convenient and...
Crypto.com’s venture capital unit has doubts about some of the sector’s steep valuations. That’s according to CEO Kris Marszalek, who spoke on the topic in an interview with Bloomberg News published Wednesday (April 17). As the report noted, Marszalek is making this observation as a rally in...
Two U.S. lawmakers have introduced legislation to govern the use of stablecoins. The legislation, announced Wednesday (April 17) by Sen. Kirsten Gillibrand (D-N.Y.) and Sen. Cynthia Lummis (R-Wyo.) would require stablecoin issuers to maintain one-to-one reserves and ban unbacked, algorithmic stablecoins. It would also outlaw “illicit or unauthorized” use of...
