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Miami Going Full Bitcoin: City Supports Efforts to Hold Bitcoin in Treasury, Allow Tax Payments in BTC

The U.S. city of Miami is going full bitcoin. The city commissioners have voted to support the mayor’s resolution to allow payments in bitcoin for salaries, taxes, and fees. The city also supports efforts to make bitcoin an acceptable currency for potentially investing in the state treasury. Miami Gets Deep Into Bitcoin Miami City’s commissioners […]

US Banking Titan BNY Mellon Says It Will Soon Offer Support for Crypto Assets

Bank of New York Mellon Corporation is announcing plans to support Bitcoin (BTC) and other crypto assets through its new enterprise Digital Assets unit. In a press release, America’s oldest bank says the team is now working on the prototype of a platform that will allow digital assets to move through the same network that […]

Payments Giant Mastercard Will Support Select List of Crypto Assets This Year

Mastercard says it’s preparing for the future of finance and will directly support cryptocurrencies on its network later this year. The announcement came in a new blog post, in which executive vice president for digital asset and blockchain products, Raj Dhamodharan, says the company will add support for a group of carefully selected digital assets. […]

US Treasury Secretary Janet Yellen Says ‘the Misuse of Cryptocurrencies Is a Growing Problem’

Janet Yellen, the new U.S. Treasury Secretary, has warned about “a growing problem” from “the misuse of cryptocurrencies.” She emphasized that “cryptocurrencies have been used to launder the profits of online drug traffickers; they’ve been a tool to finance terrorism.” Janet Yellen Warns of Cryptocurrency Risks The U.S. Department of the Treasury hosted its inaugural […]

Amazon Quietly Removes Job Ad Revealing Digital Currency Plans – Here’s What We Know So Far

Online retail giant Amazon has removed a job advertisement stating the company is working on a digital currency project. The job listing described an initiative that would be initially implemented in Mexico, allowing users to swap their cash for virtual currency. “We are looking for a leader to help us launch a new payment product […]

Ripple Patents XRP-Powered On-Demand Liquidity Network for Cross-Border Transactions

Ripple has patented a network computing system for its XRP-powered cross-border payment product, On-Demand Liquidity (ODL). The United States Patent and Trademark Office (USPTO) officially granted the patent on January 26th, according to documents filed on the USPTO website. Ripple’s patent explains that ODL helps banks avoid keeping money tied up in the “correspondent banking” […]

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