Crypto

Starling Bank to lift ban blocking payments to crypto exchanges

In the latest development, banks were holding on transfers to cryptocurrency exchanges by suspending the payments. This move came amid the rising fear of financial crime opportunities for unruly.  Major banking institutions in the UK, including Barclays, Monzo, and Starling, blocked their users from transferring money to cryptocurrency exchanges like Binance and SwissBorg.  In an …

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Gaming retailer GameStop is building an NFT platform on Ethereum

GameStop has quietly unveiled a new web portal for a non-fungible token (NFT) platform. “We are building a team” the page declares, stating: “We welcome exceptional engineers (solidity, react, python), designers, gamers, marketers, and community leaders. If you want to join our team, send your profile or something you’ve built to: nfteam@gamestop.com.” The exact scope of the project …

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Chinese bitcoin miners brace for impact amid regulatory uncertainty

Quick Take China’s State Council made a comment about cracking down on bitcoin trading and mining activities on Friday While the regulatory hammer has yet to drop officially, the suspension has pushed some bitcoin miners to look further afield A comment made in China’s State Council meeting about cracking down on bitcoin trading and mining …

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Elon Musk Says Lightning Network ‘Needed’ to Scale Bitcoin for Now

Elon Musk has jumped into the bitcoin (BTC, +1.36%) scaling debate on Twitter, saying the layer 2 payments Lightning Network is “needed” for now. “Layer count depends on projected bandwidth & compute, both rising rapidly, which means single layer network [e.g. Bitcoin alone] can carry all human transactions in future imo,” the Tesla CEO tweeted Friday. Until then, however, Lightning …

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