The city of Miami is finding innovative ways to boost its revenue intake and raise funding for local projects, and one of these ways is by embracing the use of cryptocurrency. But now the city is taking it a step further by partnering with CityCoins in developing a new cryptocurrency designed specifically for Miami, and city officials believe this will generate millions of dollars in revenue.
Amazon denies rumors of crypto payments, but clues hint otherwise
Recent reports that Amazon Inc. might start accepting crypto payments have stemmed from a vacant job posting listed by the company last week, seeking a “Digital Currency and Blockchain Product Lead.” The financial publication City AM reported on Monday that according to an “insider”, Amazon is planning to accept crypto payments, specifically Bitcoin, by the end of the year, and is also planning to introduce its own digital coin by next year. But Amazon has denied these allegations.
Client Sues Coinbase over “Deceptive” Doge Ad Campaign
The crypto exchange Coinbase is being sued by a client in a class action lawsuit worth $5 million regarding the exchange’s recent Dogecoin sweepstake. The client claims to have been “deceived” into purchasing Doge on Coinbase’s platform by an advertising campaign aimed to encourage the trading of the digital currency.
Crypto Trading Plummets as Much as 40% During the Month of June
Mining and trading crackdown in China plus high volatility are the biggest contributors behind the significant dive. Not the Finest Hour Last month was not the finest hour for cryptocurrency trading volume and there was a reportedly huge drop of as much as 40%. CryptoCompare, a price and volume tracking organization, is behind the recent […]
Bullish Global Partners with Far Peak in Going Public on NYSE with New Crypto Exchange
This digital asset group has announced its merger with Far Peak Acquisition Corp which is a blank cheque company led by Tom Farley, former president of the NYSE, with the plans of taking the newly-created crypto exchange public through a SPAC (special purpose acquisition company) deal. This deal values Bullish at an astounding $9 billion, which is largely comprised of the $692 million in cash held at Far Peak and investments from various investors, as well as assets and investments from Block.one, the blockchain software developer and parent company of Bullish Global.
Japan on Track for a Digital Yen at the End of 2022
The currency is not to meddle in private businesses and needs to work well together with its counterpart from other countries. Plans for the Future Countries everywhere are ramping up the discussion of their own central bank digital currency (CBDC) and Japan is the latest to go public with its plans for the future. Referred […]
Could Ethereum Overtake Bitcoin? Yes, Says Goldman Sachs
Its increasing popularity makes ETH a serious contender to pass BTC and take over as the most valuable digital currency. Breathing Down Its Neck Is BTC at risk of losing its position as the world’s most valuable digital currency? Well, according to Goldman Sachs, it just might be. Being one of the top American investment […]
650 US Banks and Credit Unions Will Offer BTC Purchases to Customers
Fingers crossed, 24 million clients will soon be able to buy crypto via their banks. A Piece of the Action With the staggering amount of money involved in crypto exchanges, US financial institutions are getting a bit impatient. Understandably, they are getting tired of being left on the sidelines while large amounts of money from […]
The UK’s FCA Gives Binance the Boot
The world’s biggest cryptocurrency exchange, Binance, has been issued a warning by the UK’s FCA (Financial Conduct Authority), indicating yet another sign of a growing global crackdown on cryptos. Binance Markets Limited, which is the UK division of Binance, “is not permitted to undertake any regulated activity in the UK” according to an announcement made by the FCA on Saturday the 26th of June.
South Korea Strikes Down on Tax Evaders and Seizes Over $47 Million in Crypto
As the government intensifies its focus on digital currency, celebrities were found among the list of people hit. Pay Your Taxes If you are looking to skip out on paying taxes, you may want to think again. Several wealthy South Koreans, including an undisclosed famous TV host and a doctor, found out the hard way […]
