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Utrust Joins Hand With Alternative Airlines To Ensure Secure Crypto Payments For Users

Utrust, a blockchain-powered payment technology that enables online businesses to accept cryptos, announced its collaboration with the travel industry, Alternative Airlines, their first merchant to allow its users to pay via cryptocurrencies. Reported on October 13 via Utrust’s blog post, Utrust’s mission is to encourage the mass adoption of cryptocurrencies, making it easy for people … Continue reading Utrust Joins Hand With Alternative Airlines To Ensure Secure Crypto Payments For Users

Hahn Air Becomes First Airline to Issue Blockchain-Enabled Tickets To Passengers

According to a reporton Nov. 18, Hahn Air, a leading German airline, has just issued Blockchain-enabled tickets to its passengers. Offering the tickets through the platform of their partner, Winding Tree, it becomes the first airline company to actualize such a feat. The platform will also help Hahn Air list inventory, take care of the … Continue reading Hahn Air Becomes First Airline to Issue Blockchain-Enabled Tickets To Passengers

Online Travel Agencies Booking.com and Travala.com Enters Into Strategic Partnership for Mass Adoption of Crypto

Travala.com, a crypto-friendly travel platform founded in 2017 and Booking.com,  an online travel agency established in 1996 have signed a strategic partnership deal that is aimedat encouraging the mass adoption of cryptocurrency. Travala.com already has over 2 million accommodation listings across over 230 countries and over 90,000 destinations in the world today, and with this … Continue reading Online Travel Agencies Booking.com and Travala.com Enters Into Strategic Partnership for Mass Adoption of Crypto

Director of FinCEN Affirms That Cryptocurrency Industry Is in Line With Agency Regulations

The director of FinCEN (Financial Crimes Enforcement Network) Kenneth. A Blanco believes that the cryptocurrency industry is starting to fall in place with the agency’s regulations on money transmission services. A speech was given at the American Bankers Association & American Bar Association Financial Crimes Enforcement Conference suggested that FinCEN’s guidance of May 2019 showed more positive impacts of the crypto … Continue reading Director of FinCEN Affirms That Cryptocurrency Industry Is in Line With Agency Regulations

Paraguay Begins to Audit Local Crypto Industry to Comply with FATF Guidelines

Paraguay is looking to take its cryptocurrency industry mainstream, in light of the Financial Action Task Force’s (FATF) guidance on virtual asset service providers (VASPs) released earlier this year.   The Secretary for Preventing Money and Property Laundering, and the country’s anti-money laundering (AML) chief announced a crypto survey in the nation. The VASPs were asked to open … Continue reading Paraguay Begins to Audit Local Crypto Industry to Comply with FATF Guidelines

MintDice Bitcoin Casino—Bringing Trust to the World of Online Gambling

Online gambling is one of the fastest-growing markets in the world since the mass adoption of smartphone technology and increased global internet access. The industry is very divisive however and its opponents cite the high levels of fraudulent sites and scams. MintDice is a new breed of online casino. A social online Bitcoin casino that runs … Continue reading MintDice Bitcoin Casino—Bringing Trust to the World of Online Gambling

IMF Chief Economist Says Crypto Won’t Threaten Dollar Dominance Although Global Reserves Decline

The Chief Economist of the International Monetary Fund (IMF), Gita Gopinath, expressed in an opinion piece in the Financial Times that digital currencies would not displace the US Dollar as the currency that dominates the global trade and finance.   IMF Chief Economist Gita Gopinath. In 2019, the release of the whitepaper for the Libra currency, a stablecoin backed by … Continue reading IMF Chief Economist Says Crypto Won’t Threaten Dollar Dominance Although Global Reserves Decline

Worldline and Ingenico Will Merge Creating FinTech Payments Super Giant

French fintech giants, Ingenico and Worldline are merging in a deal worth €7.8 billion according to a press release on Feb. 3. The deal will effectively create the fourth largest company in the global financial technologies sector. Terms of merger In the agreement, the new firm will have a shareholder split of 65/35 between the Worldline … Continue reading Worldline and Ingenico Will Merge Creating FinTech Payments Super Giant

IRS Refuses Watchdog Request to Clarify 2019 Crypto Tax Guidelines

The Internal Revenue Service will not clarify how taxes work with cryptocurrencies and digital asset transactions according to a US congressional watchdog’s report released on Wednesday. Following Rep. Ken Brady’s (R-TX) request for clarity on how taxes are levied against cryptocurrency, the Government Accountability Office (GAO) published a report evaluating the IRS’ current approach and public … Continue reading IRS Refuses Watchdog Request to Clarify 2019 Crypto Tax Guidelines

PayPal Co-Founder Peter Thiel Injects $30 Million into Crypto Firm BlockFi to Improve Cash Flow and Expand Product Lines

Venture capitalist and PayPal co-founder Peter Thiel is backing New York-based BlockFi in a new funding round of $30 million. The series B offering was led by Valar Ventures, which is a venture capital company backed by PayPal co-founder Peter Theil. Other investors in the offering round included Winklevoss Capital, Avon Ventures, Morgan Creek Digital, … Continue reading PayPal Co-Founder Peter Thiel Injects $30 Million into Crypto Firm BlockFi to Improve Cash Flow and Expand Product Lines

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