“Paxful Pay exchanges customers’ payments from over 400 different methods into bitcoin, which is then sent to the merchant’s digital wallet. Other digital currencies are expected to be made available in due course. Paxful plans to introduce automatic conversion into stablecoins like tether as well.
There is a clear need to offer local options for bitcoin, and this product is a culmination of our efforts to deliver on that demand.”
See Also: JPMorgan Job Posts Hint at Bank’s Broader Cryptocurrency Ambitions
“Anchorage already provides bitcoin-backed loans through other capital providers, including Silvergate Bank, and is looking to provide institutional clients bank-grade loans on their ethereum as well. This seems to be the first time ETH-backed loans have been extended through an FDIC-insured bank.
Anchorage has had the ability to extend ETH-backed loans to its clients, but forming partnerships with other banks is allowing it to scale its crypto-backed lending product.
On a daily basis there are more banks coming in.”
“From Thursday, select 360 users will be invited to join Norton’s early adopter program for Ether mining. Norton also plans to open up the mining service to all of its nearly 13 million 360 customers in the coming months.
While the company will start slow, with a focus on helping customers safely mine Ethereum, NortonLifeLock is considering adding reputable crypto currencies in the future.
Norton claims to offer superior security features to existing mining protocols, stating: ‘For years, many coinminers have had to take risks in their quest for cryptocurrency, disabling their security in order to run coinmining and allowing unvetted code on their machines that could be skimming from their earnings or even planting ransomware.'”
See Also: “Make Money While Parked” – Canada’s Daymak Unveils World’s First Crypto-Mining EV
“Ethereum solutions provider ConsenSys has pledged support for a Uniswap governance proposal to set aside tokens for a new decentralized finance (DeFi) fund for political lobbying. The Harvard Law BFI proposal cited concerns that governments around the world may try to regulate DeFi without proper education and suggested a fund of 1-1.5 million UNI.
The proposal was made on May 27 by the Harvard Law School Blockchain and FinTech Initiative for the creation of a fund that would finance existing and new political groups engaged in crypto policy-making and lobbying to defend DeFi against regulation.
This is a terrific effort and Uniswap taking the first step could break the floodgates of other large treasuries supporting this (or similar) initiatives.”
“Bitcoin wallet firm Exodus earlier this year sold $75 million in common stock in the company, purchasable only through its wallet. The sale was notable for the company’s decision to only accept Bitcoin, Ethereum, and USDC stablecoin for the shares. Exodus touted the SEC-approved share sale as the largest “regulated crypto public offering” ever.
Soon, Exodus says, it will transform those sold shares into tokens on the Algorand blockchain. Blockchain-based transfer agent Securitize has partnered with Exodus and Algorand to issue the security tokens. Exodus will become one of the few companies to turn real shares into security tokens so that they might be traded on crypto markets.
Think of this as the 2021 version of an ICO—compliant, transparent, and offered by a profitable company with a working product.”
See Also: Security tokenization may be the next big use case for blockchain tech
“The European Union (EU) is set to announce plans for a digital wallet to store payment details and identity credentials among other information. The plans follow requests from member states to offer a secure way for citizens to access public services.
The wallet would store passwords and payment details, allowing access to local government websites and bill payments using a single digital identity. The wallet is expected to be operational in around a year’s time, according to the report.”
“FTX’s marketplace appears to run both on the Ethereum blockchain (the chain of choice for most popular NFT auction houses) as well as a network called Solana.
Some of FTX’s NFTs are linked to real-world objects, and are “redeemable” for their physical counterparts. An NFT tied to an image of three KAWS statuettes should get you three actual KAWS statuettes—same goes for an NFT of an FTX-branded condom.”
See Also: International Olympic Committee to Launch Official NFT Pins for Upcoming Games
“Bitcoin’s anonymous creator Satoshi Nakamoto is set to be depicted in a life-size bronze statue in Budapest, the capital city of Hungary. Sculptors, Réka Gergely and Tamás Gilly are designing the statue, and have unveiled initial plans depicting a figure with a featureless face wearing a Bitcoin hoodie.
The face will be made from a reflective surface so that viewers can see themselves mirrored back when they look at the statue — emphasizing the idea that ‘We are all Satoshi.’“