Circle to phase out consumer accounts, but business and Mint will remain

Stablecoin issuer Circle sent emails to customers stating that individual consumer accounts would be phased out.

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Circle Curbs Stablecoin Minting for Retail Users, Moving Closer to Tether's Practice

USDC issuer Circle Internet Financial said it is curbing support for individual consumer accounts to mint stablecoins, with currently only accepting qualified institutional clients.

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US considering application of Electronic Fund Transfer Act to crypto accounts

The US Consumer Financial Protection Bureau (CFPB) is evaluating the application of the Electronic Fund Transfer Act (EFTA) to cryptocurrency platforms. The move aims to bolster consumer protections in a market plagued by recent significant hacks on platforms like Axie Infinity, Crypto.

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Consumers are Just Fine Despite Minor Ailments

Consumer spending, which accounts for about 60% of U.S. economic activity, has taken a few knocks but remains healthy overall.

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Novatti Taps ODL To Improve Australian Remittance Payments To Southeast Asia

The current global payments infrastructure does not meet today’s business or consumer demands. Cross-border payments require businesses to hold pre-funded accounts in destination currencies — a costly and slow endeavor that ties up resources — leaving remitters with limited options.

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MasterCard To Support Cryptocurrency Payments Across Its Consumer And Merchant Network In 2021

MasterCard has entered the cryptocurrency market, announcing that its close to one billion users will be able to spend cryptocurrencies using their MasterCard accounts. These digital currencies could then be used to buy things from over 30 million merchants who accept MasterCard.

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Bankers Raise a Warning That Facebook’s Libra Will Create Shadow Banking System

Coinspeaker Bankers Raise a Warning That Facebook’s Libra Will Create Shadow Banking SystemThe bankers have explicitly stated that Facebook's Libra will pose huge threat to the consumer demand for deposit accounts, payment volumes, and business models built on privacy.

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BlockFi interest accounts need not hold minimum balance

Consumer financial services company BlockFi announced that it had decided to drop minimum-balance requirements for its Interest Accounts. This means that BlockFi Interest Account (BIA) holders can earn interest on any amount of cryptocurrency stored in their account.

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The Big Book of Crypto Scams: Giveaways

Scammers are going to various lengths to get ahold of other peoples’ crypto, from impersonating Elon Musk to hacking official accounts.   Anyone who has been in the crypto industry for a while, whether as a service provider, consumer, or enthusiast is likely aware of the variety of scams that exist within the space.

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Google stored some G Suite passwords in unhashed form for 14 years

Google revealed that it recently discovered a bug that caused a subset of its enterprise G Suite customers to have their passwords stored in an unhashed — albeit encrypted — form for about 14 years.

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Google stored some G Suite passwords in plaintext for 14 years

Google revealed that it recently discovered a bug that caused a subset of its enterprise G Suite customers to have their passwords stored in an unhashed — albeit encrypted — form for about 14 years.

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What Is Bankera?  Introduction to BNK Token and SpectroCoin

What Is Bankera? Bankera is a full-suite blockchain-based banking replacement developed by cryptocurrency exchange/wallet company SpectroCoin. Bitcoin was hailed as a replacement for traditional banking, but it’s only a currency (and a difficult one to spend).

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Op Ed: Why It’s Unsafe to Store Private Crypto Keys in the Cloud

There are two primary reasons why storing your private crypto keys in the cloud is a bad idea. First, your cloud provider represents a centralized honeypot that could experience a security breach, allowing cyber criminals to access your data.

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Bipartisan Bitcoin Bills to Step up Consumer Protection in the U.S.

Two United States congressmen have introduced two pieces of legislation to help prevent alleged cryptocurrency price manipulation while aiming to position the U. S. at the forefront of innovation within the digital asset industry.

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Ohio set to become first US state to accept Bitcoin for taxes

In what could be the biggest institutional nod of approval to cryptocurrencies across the globe, Ohio is set to become the first state to accept Bitcoin for tax payments. Starting this week, Ohio businesses can pay anything from tobacco to public utilities tax on OhioCrypto.

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Ivy and Hiveex Launch Ivypay to Facilitate Consumer Bill Payments in Australia

Ivypay, a cryptocurrency-based payments platform, was launched in Australia on Nov. 19. The service — built by blockchain company Ivy in partnership with Hiveex, a cryptocurrency broker — allows Australians to use digital currencies to pay bills and transfer money directly into their bank accounts.

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Gem Launches Crypto Portfolio Management App

US-based crypto startup BitVault, Inc. , doing business as  Gem, has announced the launch of its consumer crypto portfolio app that lets users track all their crypto accounts in one single app. The app, initially announced in April, syncs with all major platforms and provides key metrics of how users’ investments are doing.

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Latest Version of MetaMask Introduces Privacy Mode to Protect Ethereum Wallet Accounts

MetaMask, the startup behind a world-renowned Ethereum client, has released new features aimed at improving the consumer experience, most notable of which is the new privacy mode designed to increase security for Ethereum Wallet accounts, the company announced in a Medium press release on November 5, 2018.

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David Chaum on Digital Privacy: “The Cat Is Out of the Bag”

David Chaum, the cryptographer credited with starting the cypherpunk movement in the 1980s and launching eCash, an early form of virtual money in the 1990s, thinks people are taking financial privacy a lot more seriously these days.

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Stackr: The Dawn of a Digital Asset Savings Solution - [BTC Media Sponsor]

Financial savings have long been the foundation of wealth and asset building. However, we are now in a time when the growing obsolescence of financial institutions has forced certain technologies out of date, created high fees, revealed structural inefficiencies and, ultimately, meant that some standard investment solutions now fail to place consumer needs first.

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Spark, a New GUI Lightning Wallet for Bitcoin, Now Available for Download

Spark is a web-based GUI wallet designed for speed, safety and simplicity that utilizes Blockstream’s Lightning implementation c-lightning as its backend. The platform allows for easy spending and receiving of bitcoins over the Lightning Network, which is renowned for its payment speeds.

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[promoted] Equity Trust Builds New Frontier of Crypto-Based Retirement Accounts

Index funds have more than proven their worth as a preferred option for those with an eye on retirement. But now there is conversation about the value of adding bitcoin and other cryptocurrencies to this investment mix.

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What is Nucleus Vision?

The retail sector accounts for about 31% of global GDP in the world. In the USA, consumer spending in…

The post What is Nucleus Vision? appeared first on Invest In Blockchain.

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Mastercard to link crypto to fiat currency with new patent.

Mastercard has filed a new patent for consumer protection and payment transactions based on blockchain technology, according to a US Patent and Trademark Office (USPTO) patent filing published July 17.

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Promoted: The Future of Online Shopping Is Powered by Spl.yt — A Decentralized E-Commerce Protocol

As a rapidly growing business sector, e-commerce continues to open up new avenues for exploring, comparing and purchasing products worldwide. Spl. yt, a smart contract protocol, aims improve the e-commerce system for buyers and sellers by automating functions currently performed by “middlemen” marketplaces like Amazon, eBay and Alibaba.

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Promoted: Igniting Crypto Payments Worldwide Through Crypterium

In late 2009, Bitcoin founder Satoshi Nakamoto ushered in a groundbreaking approach to money by championing a digital payment system free from third-party intermediaries and governmental control.

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Promoted: Igniting Crypto Payments Worldwide Through Crypterium

In late 2009, Bitcoin founder Satoshi Nakamoto ushered in a groundbreaking approach to money by championing a digital payment system free from third-party intermediaries and governmental control.

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Poland Bitcoin Community Files Complaint Against Bank Account ‘Denials’

Poland’s cryptocurrency industry lobby group the Polish Bitcoin Association (PBA) confirmed it has complained to regulators about banks’ denial of services to businesses June 27. Banks ‘Aim To Remove Virtual Currency’ In a statement sent to the Office of Competition and Consumer Protection (OCCP), the PBA cites financial institutions closing and denying bank accounts as proof they “clearly aim at removing virtual currency entities from the market.

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