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Posts Tagged ‘Money’

Wyoming Introduces a Bill Aiming to Define Virtual Currencies as Money

A bill meant to clarify the classification of cryptocurrencies has been introduced in the U.S. state of Wyoming Jan. 18, according to the official state legislature website. The bill places crypto assets into three categories: digital consumer assets, digital securities and virtual currencies. The bill defines assets falling in any of those three categories as…

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Wyoming Looks Determined to Legalize Bitcoin as Money

Wyoming is introducing a bill that will put cryptocurrency like Bitcoin on the same legal footing as money. The bill will also provide a precise classification of digital assets, especially for custody administration. Cryptocurrency to Have the Same Legal Status as Money Sponsored by Sen. Tara Nethercott (R-WY) along with five other state Senators and…

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Move Over Bitcoin, Criminals Using V-Bucks in Fortnite to Launder Money

Enough already of the tired old rhetoric that Bitcoin is the first choice of criminals for money laundering. Criminals will use any means available, including Fortnite’s V-Bucks, according to a new investigation by The Independent. Free Game, Expensive Outfits The Fortnite Battle Royale game has become an online phenomenon, largely because it is multi-platform and…

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QuadrigaCX Crypto Exchange Users Still Can’t Get Their Money Out

QuadrigaCX customers are complaining they still can’t get their money out more than a month after the cryptocurrency exchange won a court dispute that had held up $19 million of funds. While that would be worrisome enough, users’ concerns were compounded by the company’s announcement Monday that its CEO and founder, Gerald Cotten, had died…

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Lightning Network Without Invoices Brings Us Closer to Streaming Money

A new feature for Bitcoin’s Lightning Network (LN) implementation allows users to send funds instantly without needing to first create an invoice. Sphinx Enables ‘New Use Cases’ The latest upgrade, ‘Sphinx,’ which developers describe as being a “work in progress,” is nonetheless already available to anyone. “The coolest part about this new feature is that…

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70% of Respondents Prefer Being Gifted Money in Digital Currency, Survey

The vast majority of respondents to an ongoing United Kingdom central bank Twitter survey, posted Dec. 17, said they would prefer to receive a gift of money in digital currency. Screenshot of the Bank of England’s Twitter survey. Source: Twitter The Bank of England’s survey asks participants to choose their preferred way to receive money…

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Gab Says Bitcoin is The Clear Solution as ‘Free Speech Money’

Censorship-free social media platform, Gab, took to Twitter to proclaim the gospel according to Bitcoin. Describing the grandaddy of cryptocurrency as “free speech money,” it pledged to educate its near million-strong community. The Next Evolution Of Online Payments In recent tweets, Gab calls for the next evolution of online payments, in the form of un-censorable…

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Crypto-Friendly Money App Revolut Wins EU Banking License

Revolut, provider of a mobile finance app that offers crypto trading, has been granted a banking license from the European Central Bank. The firm announced Thursday that the new license will ultimately allow it to offer users an account to manage all their finances from a single place through its upcoming venture Revolut Bank. That vision…

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