What Is the Ethereum Merge?
September 15th, Ethereum Network completed the long-awaited merge. So what does this actually mean for the cryptocurrency?
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Cryptocurrency
Crypto Scams: Is This the New Wire Fraud?
The “modern update” to this wire transfer scheme is that it can be done with no witnesses. With wire transfers, victims often had to fill out a form at the bank and hand it to a bank teller. The victim would have longer to think about the actions and more than likely, realize their mistake while filling out the form. By making a transfer as effortless as scanning a QR code, criminals can talk their way into situations, and victims have less time to consider whether or not to send money to a complete stranger.
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UK Treasury and Bank of England Consider Digital Currency
The Bank of England and the Treasury announced they were creating a task force to consider the potential risks and benefits associated with implementing a central bank digital currency (CBDC). The task force will be jointly led by Sir Jon Cunliffe and Katharine Braddick. Sir Jon Cunliffe is the Bank’s deputy governor for financial stability. Katherine Braddick is the Treasury’s director general of financial services.
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Visa is Moving Ahead-Will Soon Begin Using Cryptocurrency
Visa, a global payments technology company, has reported on March 29th that the company will begin to accept USD Coin to settle transactions in this payment network. This was the latest sign of acceptance expanding since the first introduction of digital currencies by mainstream financial industries.
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PayPal Sparks a New Cryptocurrency Trend for the Digital Wallet
The digital payment giant PayPal (PYPL) announced on October 21st that it is expanding its market by allowing its 346 million worldwide users to use their digital wallet to buy, hold, and sell Bitcoin and other cryptocurrencies. Starting in 2021, PayPal users will also use their cryptocurrency as a payment method to PayPal’s 26 million merchants.
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