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BIZpaye (CRYPTO) News

Canada Central Bank Crypto

Canada’s CB Says Regulators Need to Keep Up with the Crypto Growth


A senior official at Canada’s Central Bank said the number of residents who own crypto is growing fast and efforts to regulate the industry need to keep pace with the developments. During an interview with Reuters, the Bank’s Senior Deputy Governor Carolyn Rogers said the area is still small,...

Mastercard NFTs

Mastercard to Enable NFT Buys on Its Network


International payments company Mastercard announced working to unlock NFT trading with the Layer 2 scaling solution ImmutableX, the digital collectibles company Candy Digital, The Sandbox metaverse, the NFT marketplaces Mintable, Spring, Nift Gateway, and crypto payments company MoonPay. In a...

crypto fintech

9 Crypto Firms Are in the Forbes Fintech 50 2022


2022’s Forbes Fintech 50 list includes a record number of crypto-focused companies. The list presents the most innovative private financial technology businesses. Digital asset firms together have attracted $6.5 bln in capital investments with the main part of it received in the previous 12...

Mike Novogratz Hedge funds

Mike Novogratz Says Most Crypto Hedge Funds Will Close


The Chief Executive Officer of Galaxy Digital, Mike Novogratz says equity and crypto investors will see difficulties. However, he's still positive about the growth of crypto adoption. Novogratz finds BTC will continue to be a real macro asset as it's a store of value. During the Piper Sandler...

PayPal crypto wallets

PayPal Started Supporting Crypto Transfers To External Wallets


Leading payment processing company PayPal revealed adding support for crypto transfers between PayPal, and other digital currency wallets and platforms. The company published a press release that says the new feature has been one of the most wanted possibilities by users since the team started...

Australia crypto use

Australian Mayor Suggests Using Cryptos to Pay Local Taxes


Tom Tate, the mayor of the Australian city Gold Coast says the city’s residents may pay council rates or local property tax in Bitcoin in the future. In an interview with Australian news provider ABC News, the Mayor said such a use case serves as a signal that the city is innovative and will draw...

Binance The Weeknd Tour

Binance Sponsors the Weeknd’s World Tour


Popular digital assets platform Binance officially sponsors The Weeknd’s tour "After hours Til Dawn," which will start next month. It’s the first time a major crypto firm funds a famous artist. "After hours Til Dawn" is the 7th concert tour by award-winning singer-songwriter...

White House crypto mining

White House Explores Crypto Mining and Its Energy Impact


The White House is exploring the mining of cryptocurrencies and its impact on the environment. A report by Bloomberg informs that a task force now is examining the benefits and shortcomings of the sector to develop proper policy suggestions. Costa Samaras, who serves in the White House Office of...

Vitalik Buterin crypto

Vitalik Buterin Comments on a Crypto-Skeptic Letter by Techies


On June 1, 26 computer scientists, software engineers, and technologists from different companies published a letter to US lawmakers, expressing their concerns about the crypto sector. With the letter they urged Congress to be critical, and skeptical about web 3 and cryptos. They said not to view...

Goldman Sachs crypto

Goldman Sachs Survey Says Insurers' Interest in Crypto Grew


Leading bank Goldman Sachs published its yearly survey on the insurance sector. The release included cryptos as well. 328 high level financial officials took part in the survey. They present about half the $26 T world’s insurance field. The results of the survey showed that 6% of participants...

Fidelity crypto news

Fidelity Digital Assets to Double the Number of Workers


Fidelity's crypto unit is going to double the number of its employees as it assumes the demand for cryptos will rise this year. The international financial services company launched Fidelity Digital Assets in 2018 to enable the storage and trading of Bitcoin. A publication by Wall Street Journal...

Morgan Stanley crypto VCs

Crypto VC Capitals to Slow, Morgan Stanley


Leading bank Morgan Stanley predicts that the amount of venture capital crypto investments may decrease by 50% this year. The institution said in a report, despite the latest fall of the market, crypto investments remain high. Last year, crypto firms secured a record of $30 bln of VC investments....


MoneyGram will become a bridge between the crypto and the fiat worlds


MoneyGram platform general Alex Holmes said that the company’s immediate plans are to become a kind of “bridge between the cryptocurrency and fiat worlds.” Today, the largest company specializing in international transfers - MoneyGram International, announced the decision to direct its...

Portugal crypto tax

Portugal's Parliament Rejects Crypto Tax Bills


During a budget voting session on May 25, the Parliament of Portugal rejected proposals to tax BTC and other cryptos. The bills suggested taxing crypto profits in excess of €5,000 (equal to $5,340.45). Since 2018, Portugal has considered taxing individual crypto sales. Currently, the country...

crypto JPMorgan

JPMorgan Says Bitcoin Has a Significant Upside Potential


Amid bearish sentiments prevailing in the market, Nikolaos Panigirtzoglou and other strategists of the leading investment bank JPMorgan said in a note that BTC is likely to go up after the recent fall. They predicted the rise of the coin to $38,000, about a 29% increase of Bitcoin's current trading...

a16z crypto investments

Andreessen Horowitz Announced a $4.5 B Web3 Fund


Venture Capital company Andreessen Horowitz (a16z) has closed its latest crypto fund of $4.5 billion. This is the fourth crypto fund by the company for crypto and blockchain startups. The VC will dedicate $1.5 billion of the mentioned amount to seed investments, and $3 billion to venture...

Francis Suarez crypto

Miami Mayor Keeps Receiving His Salary in Bitcoin


Francis Suarez, the Mayor of Miami said he keeps taking his salary in Bitcoin, although the coin's price dropped by around 40% in the last two months. At the World Economic Forum, he said that it's not his only salary. Suarez mentioned that it's a different decision if someone decides to take their...

IMF crypto

IMF Executive Tells Not to Leave Crypto After Terra’s Crash


Managing Director of the International Monetary Fund, Kristalina Georgieva, finds that the collapse of Terra blockchain's UST stablecoin shouldn't be a reason to abandon the crypto market. At the World Economic Forum’s annual meeting, she advised not to draw out the importance of the crypto...