The second-largest Bank of Spain – the Banco Bilbao Vizcaya Argentaria, S.A. (a. k. a BBVA) is primed and decisive to enter the Crypto Services arena such as cryptocurrency trading as well as custody. As per the sources and declaration, this Spanish bank is planning to start its Europe-wide crypto initiative from Switzerland; thus, it
Brazil has finally decided to follow the footsteps of other Latin American countries to adopt cryptocurrencies as digital alternatives to the traditional banking systems. In its endeavor to make the interbank payments cheaper and faster, the Central Bank of Brazil has announced to launch a new blockchain-powered payment network called PIX or Instant Payment System.
In a recent Twitter hack of high-profile figures like Barack Obama, Elon Musk, Bill Gates, on July 13, Coinbase, the cryptocurrency exchange site prevented around 1,100 people from carrying out transactions of Bitcoin worth $280,000 to fraudulent accounts. At least 130 accounts of high-profile figures were hacked to get Bitcoin from their followers, including the
In a landmark development, Chiliz ($CHZ) will be included on Mercado Bitcoin. It is a linkup of two giants in the cryptocurrency sector. Mercado Bitcoin is Brazil’s and Latin America’s biggest digital assets and cryptocurrency trading platform. Chiliz ($CHZ) is a currency option on rewards app Socios.com for Blockchain-based products and services, providing an enriched
Scammers seem to be making fortunes out of stolen cryptocurrencies, even by using legitimate channels such as social media, as online transactions are on the rise but were supposed to enable secure digital payments and purchases. Despite new technologies such as the blockchain, fraudsters seem to be stealing more information about people, combining old and
Federal trials have resulted in a programmer of BitClub Network, BCN, pleading guilty to have played a role in building up a multi-million-dollar scam. BCN was in the news during December last year when charged by federal prosecutors for having duped customers to the tune of $722 Million. Silviu Catalin Balaci, a 35-year old employee
The Gauteng Division of the High Court of South Africa has declared Willie Breedt, CEO of VaultAge Solutions, bankrupt. Breedt, who traded Bitcoin and cryptocurrencies, allegedly defrauded an estimated 2,000 investors of $13.35 million (227 million South African rands). Now, with the court’s decision, these investors are set to lose their stakes in the company.
South America is in the news again; this time not due to a virally spreading pandemic, the inflation rates going out of control, the continent’s crime reports, or illegal businesses such as the drug mafia. An entirely new chain of events getting triggered by its hyper-adoption of cryptocurrency is creating new ripples of worries for
An Overview Russian Court is in the news for a recent individual theft, which occurred over 100 Bitcoin. The victim surrendered to the Russian court for assistance. Unfortunately, the court turned the individual down. The reason behind the court’s turning the individual down is his request for a replacement. The court completely blew away the
As the coronavirus pandemic is still wracking the havoc in the world, the largest Bitcoin and cryptocurrency exchange has decided to support hospitals that are dedicatedly working to help infected patients. Nowadays, most people hesitate to make donations as they cannot track their contributions to know if the help is reaching those in need. Therefore,
