The Beijing Winter Olympics is giving Visa a run for its money. From a report: For decades, America’s largest card network has been the exclusive electronic-payments provider at the world’s largest sporting event. At this year’s Beijing Games, however, Visa finds itself having to share the spotlight with China’s new Read more…
Americans tuning in to the Super Bowl on Sunday will be inundated with ads from cryptocurrency companies, including the trading platform FTX, which plans to give away millions of dollars in bitcoin. FTX has spent heavily on sports partnerships to try to make itself a brand name in crypto, including Read more…
Users of Block’s mobile payments platform Cash App can now make instant and free bitcoin payments through the Lightning Network, the company tweeted on Monday. The integration of Bitcoin’s second-layer protocol for faster and cheaper transactions was made possible by the Lightning Development Kit, an open-source project developed by another Read more…
“The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology’s Digital Currency Initiative have come up with an initial design for a central bank digital currency,” reports Yahoo Finance. Reuters cautions that the newly-released research does not suggest that the U.S. central bank will move toward launching a Read more…
Hackers have stolen more than $324 million in cryptocurrency from Wormhole, the developers behind the popular blockchain bridge confirmed Wednesday. The platform provides a connection that allows for the transfer of cryptocurrency between different decentralized-finance blockchain networks. Wormhole said in a series of tweets Wednesday afternoon that thieves made off Read more…
The government of El Salvador on Monday rejected a recommendation by the International Monetary Fund to drop Bitcoin as legal tender in the Central American country. Treasury Minister Alejandro Zelaya angrily said that “no international organization is going to make us do anything, anything at all.” Zelaya told a local Read more…
If you’ve been watching any TV over the past few months, chances are you’ve seen Crypto.com’s ad featuring Matt Damon. It’s an expensive advertisement, complete with top-notch CGI and heady phrases like “History is filled with almosts” and “Fortune favors the brave.” Jody Rosen dissects Damon’s crypto push in a Read more…