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.
This week it has been reported that Kazakhstan plans to authorize banks to process cryptocurrency purchases in a pilot project that will run for a year. The project will also analyse the risks of crypto trading and investing. The country has also put social media network, LinkedIn, under fire for illegally advertising online casinos on its platform, and blocking the site as a result.
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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.
One of the leading casino game providers in the industry, Betsoft Gaming, has signed an agreement with BC.Game, a premier online casino supporting crypto-only gambling. This deal will see Betsoft continuing its push into cryptocurrency and blockchain, as the provider seeks to penetrate the crypto gaming market with its “cinematic casino content and gaming solutions”, which have earned Betsoft a place among the top crypto game providers in the world.
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.
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 […]
A pan-European governing authority would help take back control of the market while dealing with concerns about the existing criminal activity. The Only Way Forward With the current European crypto market currently estimated to be worth over €1 trillion, is giving the regulatory reins to one central entity the only way forward? The answer is […]
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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.