Coinbase invests directly in crypto, Facebook’s digital wallet is ready to launch and the US offers crypto rewards for catching hackers. These stories and more this week in crypto.
NASDAQ listed Coinbase has revealed plans to add half a billion dollars worth of crypto to its balance sheet. CEO Brian Armstrong announced that the company’s board had approved the crypto spending spree, adding that Coinbase also plans to invest 10% of all profits generated into digital assets moving forward which might even increase in the future.
Facebook is prepared to launch the Novi digital wallet tied to its blockchain-based payment system, Diem. The launch is now waiting for necessary regulatory clearances. According to the project’s leader Novi could play an instrumental role in fixing the global payments system that he said is, among other things, too slow and too costly.
Binance has made ID verification compulsory for all users effective immediately, just weeks after increasing the limit for unverified users significantly. The verification involves users submitting their government-issued ID cards and passing facial verification. Binance revealed that these changes are a result of ongoing reviews of its products and services as the regulatory environment continues to evolve rapidly.
Banking giant Wells Fargo registered a private bitcoin fund with U.S. regulators, becoming the latest mega-bank with an indirect crypto investment vehicle. NYDIG and FS Investments are partnering with Wells Fargo on offering a passive bitcoin fund that will be available for the bank’s wealthiest clients.
Mortgage and lending company United Wholesale Mortgage has announced that customers will soon be able to make payments on their houses with crypto. Initially, the firm is only set to permit bitcoin payments, though the CEO hinted that should things go well, the company will also say yes to payments made with Ether and other assorted altcoins.
The Chinese multinational technology giant, Alibaba Group, has launched a non-fungible token (NFT) marketplace. The Alibaba NFT platform will provide customers with the ability to purchase and sell NFTs, and will also allow people to license and sell intellectual property (IP), as it is copyrighted by blockchain technology.
Retail giant Walmart has posted a job opening looking for a crypto product lead. The Arkansas based company is working to build its blockchain team and needs someone to lead it in a digital direction. The retailer’s move comes days after its competitor Amazon announced its own search for a cryptocurrency lead.
Cell phone provider T-Mobile has been compromised. Hackers gained access to the private data of more than 100 million users and are now looking to sell that data on the dark web in exchange for bitcoin and other cryptocurrencies. The information in question includes social security numbers, birthdates, and even physical addresses of several T-Mobile customers.
The U.S. state department is offering crypto rewards of up to $10 million to individuals that can potentially help identify malicious hackers. Members of the department claim that several hackers have targeted power, transportation and water systems throughout the country, and regulators will pay handsomely for any information that leads to their identification and capture.
That’s what’s happened this week in crypto, see you next week.
Coinbase invests straight in crypto, Fb’s digital pockets is able to launch and the US provides crypto rewards for catching hackers. These tales and extra this week in crypto.
NASDAQ listed Coinbase has revealed plans so as to add half a billion {dollars} price of crypto to its steadiness sheet. CEO Brian Armstrong introduced that the corporate’s board had accepted the crypto spending spree, including that Coinbase additionally plans to speculate 10% of all earnings generated into digital belongings transferring ahead which could even enhance sooner or later.
Fb is ready to launch the Novi digital pockets tied to its blockchain-based cost system, Diem. The launch is now ready for vital regulatory clearances. Based on the challenge’s chief Novi may play an instrumental position in fixing the worldwide funds system that he stated is, amongst different issues, too gradual and too pricey.
Binance has made ID verification obligatory for all customers efficient instantly, simply weeks after rising the restrict for unverified customers considerably. The verification includes customers submitting their government-issued ID playing cards and passing facial verification. Binance revealed that these modifications are a results of ongoing evaluations of its services and products because the regulatory surroundings continues to evolve quickly.
Banking big Wells Fargo registered a personal bitcoin fund with U.S. regulators, changing into the newest mega-bank with an oblique crypto funding car. NYDIG and FS Investments are partnering with Wells Fargo on providing a passive bitcoin fund that can be out there for the financial institution’s wealthiest purchasers.
Mortgage and lending firm United Wholesale Mortgage has introduced that prospects will quickly have the ability to make funds on their homes with crypto. Initially, the agency is barely set to allow bitcoin funds, although the CEO hinted that ought to issues go properly, the corporate will even say sure to funds made with Ether and different assorted altcoins.
The Chinese language multinational expertise big, Alibaba Group, has launched a non-fungible token (NFT) market. The Alibaba NFT platform will present prospects with the flexibility to buy and promote NFTs, and also will permit individuals to license and promote mental property (IP), as it’s copyrighted by blockchain expertise.
Retail big Walmart has posted a job opening searching for a crypto product lead. The Arkansas primarily based firm is working to construct its blockchain group and desires somebody to guide it in a digital route. The retailer’s transfer comes days after its competitor Amazon introduced its personal seek for a cryptocurrency lead.
Cellular phone supplier T-Cellular has been compromised. Hackers gained entry to the non-public information of greater than 100 million customers and at the moment are seeking to promote that information on the darkish internet in alternate for bitcoin and different cryptocurrencies. The data in query consists of social safety numbers, birthdates, and even bodily addresses of a number of T-Cellular prospects.
The U.S. state division is providing crypto rewards of as much as $10 million to people that may doubtlessly assist establish malicious hackers. Members of the division declare that a number of hackers have focused energy, transportation and water methods all through the nation, and regulators can pay handsomely for any info that results in their identification and seize.
That’s what’s occurred this week in crypto, see you subsequent week.
