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BIZpaye (CRYPTO) News



BlockFi rewards

Crypto Platform BlockFi Sends Users Large Amounts in BTC by Accident

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Crypto management platform BlockFi sent users large sums in Bitcoin by mistake. The payments were thought to be done in terms of a promotion that rewarded users with bonuses in USD stablecoins. The promotional period lasted from March 18 to 31 and the rewards were to be transferred to people's...

China crypto

China Bans Finance Institutions to Provide Crypto Services

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A new decision adopted by China states that financial establishments and payment operators of the country are disallowed to deliver services concerning crypto activities. The country also urged investors to be careful while purchasing crypto. Particularly, it said cryptocurrencies don't represent...

Coinbase offering

Coinbase Announced $1.25 B Public Debt Offering

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On May 17, crypto exchange Coinbase revealed its plan to boost $1.25 B by selling convertible bonds. The latter is a security offering that allows the purchaser to acquire shares or cash of common stock in the issuing company. In the case of Coinbase, the sale represents Convertible Senior Notes...

Vitalik Buterin burns Shibs

Vitalik Buterin Burns SHIB Tokens Worth of $6.7 B

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The youngest billionaire in the crypto industry Vitalik Buterin has burned 90% of his Shiba Inu owning, valued at $6.7 B received by the coin's developers. Data from Etherscan shows that the transaction was done on May 16. In an attached note Vitalik Buterin gave the motive of his move. He said it...

Internet Computer

Newly Released Coin Internet Computer Is Among the Top 10

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Internet Computer (ICP), a coin released on May 10, now has a market cap of about $35.2 B and is among the top 10 cryptos. The token trades at about $283. Its highest price of $737 was registered on the launch day. ICP is the in-built token of IC built by the tech firm Dfinity Foundation. The...

Mark Zuckerberg Bitcoin

Mark Zuckerberg Named One of His Goats Bitcoin

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Media magnate, Facebook co-founder Mark Zuckerberg posted a photo of two of his goats on May 10. In the description, he said that the names of the goats are Max and Bitcoin. The post raised various discussions among the users. Many posted that it might mean that Zuckerberg supports BTC and or...

Dogecoin $0.7

Dogecoin Surpassed $0.7 before SNL's Hosting Elon Musk

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DOGE has crossed another all-time high surging over $0.73. The coin is the 4th largest cryptocurrency by market cap, which currently stands at over $90.7 B. The third largest cryptocurrency BNB's market cap is $96.5 B. On May 8, Tesla CEO Elon Musk who has been occasionally mentioning DOGE in his...

Elon Musk crypto investing

Elon Musk Says Crypto is Promising but Needs Caution

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Tesla CEO Elon Musk who is a big supporter of Dogecoin shared his thoughts about crypto investing during the TV program TMZ. Musk says crypto is promising, however, he advises investing with caution. The billionaire once again mentioned Dogecoin, saying it can be the future of currency and in...

Bitcoin Cash ranks 9th

Bitcoin Cash Reappears in the Crypto Top 10

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Bitcoin Cash (BCH) is again in the top 10 cryptocurrencies. It ranks the 9th with over $26.8 B market cap. The price of the coin has seen more than a 79% increase over the previous 7 days, surpassing $1470. BCH's hard fork that occurs twice a year, is scheduled for May 15. It plans to remove the...

Chainlink Ether highs

Chainlink and Ether Hit New All-Time Highs

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Chainlink (LINK) and Ethereum (Ether) have set new all-time highs: over $51 and $3500 correspondingly. The price of the blockchain oracles network Chainlink's native token has seen over a 38% price increase during the previous 7 days and hit a record high of $51. It ranks 11th in terms of the...

Fidelity analytics platform

Fidelity to Launch Crypto Analytics Network Sherlock

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Boston-based international financial operations provider Fidelity will launch a digital asset analytics network Sherlock for asset managers and investors. The network will offer entry to statistics provided by large data researchers. It will enable users to be aware of the market, enabling them to...

Elon Musk Dogefather

Elon Musk Calls Himself Dogefather, The Coin Surges

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On May 8 Elon Musk will be the guest of the American show Saturday Night Live (SNL). The businessman tweeted about this, posting "The Dogefather, SNL May 8". Following this, DOGE has gained over 20%. Now the coin trades at around $0.3 ranking the 7th by market cap. The DogefatherSNL May...

Indonesia crypto

Indonesia Views Taxing Cryptocurrency Activities

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The regulatory body of Indonesia, called Bappebti is implying laws towards crypto activities that are performed on regulated crypto platforms of the republic. There are now 13 crypto platforms registered with Bappebti. The executive of the agency Sidharta Utama informed that the tax amount hadn't...

PayPal CEO Crypto

PayPal CEO Says There Is a High Demand for Crypto Offering

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Dan Schulman, CEO of the major payment company PayPal said in a recent interview with Time that the demand for the company's crypto offering is more than the team expected at first. The payment giant allowed crypto trading in November 2020. As stated by Schulman, the current financial structure...

Natwest crypto

UK Bank NatWest Won't Assist Clients Dealing in Crypto

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United Kingdom retail and commercial National Westminster Bank, otherwise called NatWest stated it won't provide services to business clients that allow payments in cryptocurrencies. British news and website the Guardian published the news on April 21. Morten Friis, NatWest's head of risk...

Monero XMR

Monero (XMR) Price Hit a 3-Year High

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Recent developments of the Monero network resulted in its price surge which reached a 3-year record and now is near to an all-time high set in 2017. XMR price surged above $424 for the first time since December 2017, when it hit $470. The token ranks 22nd by market cap which stands at around $7.1...

Venmo crypto payments

Mobile Payment Service Venmo Allows Crypto Trading

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P2P payment provider Venmo owned by PayPal announced the launching of crypto buying and selling functions. The users of the network will be able to purchase BTC, Ether, LTC, and BCH with a spending requirement of at least $1 and share the activities on the app's feed. The possibility is allowed...

IRS NFT tax

IRS Representative Says NFTs May be Used to Avoid Taxes

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An official of the U.S. Internal Revenue Service (IRS), Charles Paul Rettig expressed his concerns about NFTs describing them as "not visible items by design". While speaking at the Senate Finance Committee hearing, Rettig said non-fungible tokens may be used for tax evasion. When asked...