Bitfinex to refund investors of its failed El Salvador Hilton hotel project
Bitfinex intends to refund all investors but is firstly awaiting a potential new offer from the debt issuer to keep the project alive.
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Coinbase and Barclays Part Ways, Will UK Users Be Affected?
It is being reported that Barclays, the London-based global bank, recently stopped banking for Coinbase, the United States-based crypto exchange. Coinbase reportedly found a quick replacement in the form of another United Kingdom-based establishment, ClearBank. While Barclays connected San Francisco-based Coinbase to the U.K. Faster Payments Scheme (FPS), enabling instant withdrawals and deposits of British pounds…

Yale Prof and Goldman Sachs Veteran Design DLT-Based Facebook Rival
A Yale professor and Goldman Sachs veteran are planning to complete a new project of a blockchain-based Facebook rival in 2020.Returning control of data to usersDavid Gelernter, a Yale’s professor of computer science and Mirror Worlds creator, and Rob Rosenthal, a 19-year veteran of Goldman Sachs, are collaborating on a new social network called Revolution…

YouTuber regrets spending 37 BTC — now worth $1.8M — on used Hondas
One enthusiast paid $1.8 million in BTC at today's prices for a couple of secondhand Honda sports cars. 847 Total views 7 Total shares A Honda enthusiast has released a YouTube video revealing how he spent a bunch of Bitcoin on two used sports cars.Known on social media as “NSXTRA”, Chris Cut’s Feb. 16 YouTube…

Bitcoin mining likely didn’t contribute to Texas’ power outages, says expert
Kristy-Leigh Minehan said the state doesn't currently have enough mining infrastructure to cause significant problems for the power supply. 452 Total views 4 Total shares Though many Texans are still suffering in the aftermath of a winter storm that left millions without power and running water for days, it’s unlikely that the crypto mining farms…

Lightning to strike Shopify merchants with addition of BTC payments
Jack Mallers announced the new integration today at the Bitcoin 2022 conference and hopes to give more people access to what he sees as a better monetary system. 445 Total views 5 Total shares Chicago-based payment app Strike has integrated with global e-commerce giant Shopify so merchants can accept Bitcoin payments via the Bitcoin Lightning…

Japanese and Singaporean regulators join forces on crypto pilot project
"Decentralized financial ecosystem continues to develop in complexity, and it is important to address emerging risks," said FSA official Mamoru Yanase. On June 26, Japan's financial regulator, the Financial Services Authority (FSA), announced a partnership with the Monetary Authority of Singapore (MAS) for the joint regulation and pilot testing of cryptocurrency projects in accordance with…

SXSW 2022 showcased immersive NFT experiences, lacking crypto and Bitcoin sessions
South by Southwest — commonly referred to as “South By” or “SXSW” — has returned to Austin, Texas this year to showcase the latest trends in interactive media, music, art, film and technology. While SXSW runs through March 20, 2022, the entertainment and technology festival kicked off its first weekend with a large focus on…

The SEC shows some mercy to broker-dealers handling security tokens
In a Christmas present for the crypto industry, broker-dealers who abide by existing rules while holding security tokens in custody will not face enforcement action for the next five years. 3015 Total views 10 Total shares The U.S. Securities and Exchange Commission is listening.At least, per a Dec. 23 announcement, the SEC is responding to…