Jack Dorsey’s Square Cash App Receives Tough BitLicense Approval

jack dorseys square cash app receives tough bitlicense approval

Square, a payment processing tech company owned by Jack Dorsey, just announced that it has obtained a New York BitLicense. Square App is just the seventh company to receive this approval from the New York State Department of Financial Services (NYDFS). 🚨 Our customers in New York state can now buy and sell Bitcoin instantly with Cash App! https://t.co/4R0n5sbNpM 🚨 pic.twitter.com/1WzjiQ751I — Cash App (@CashApp) June 18, 2018 A Twitter user replied to the post with a question about sending and receiving Bitcoin and Cash Support responded to the question by…

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Freedom of the Press Foundation Accepts Cryptocurrency Donations

freedom of the press foundation accepts cryptocurrency donations

As of this Monday, June 18, 2018, the Freedom of the Press Foundation accepts cryptocurrency donations. But what tokens is it accepting? Freedom of the Press Foundation Accepts Cryptocurrency Donations The non-profit helps journalists to report on issues such as the “mismanagement, corruption, and law-breaking in government.” The foundation has announced that it is accepting Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and Zcash (ZEC). The foundation hopes to add more cryptocurrencies in the future, but currently, donations can be made to the digital wallets that have been added to…

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Top Crypto News | June 11 – June 15, 2018

top crypto news june 11 june 15 2018

Top Crypto News – The second full week of June is now over, and a lot of stuff went down. To say that the week started off poorly would be a bit of an understatement, too. However, things picked up towards the end of the week. In this article, we will be covering both the good and the bad. So, without further adieu, here is this week’s top crypto news.  Top Crypto News | June 11 – June 15, 2018 Monday, June 11 Monday was not a good day. News…

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Walmart Creating a Bitcoin-Powered Electrical Grid

walmart creating a bitcoin powered electrical grid

Walmart Creating a Bitcoin-Powered Electrical Grid – In many ways, blockchain technology is going to provide the world with a lot of good. However, the technology does have a couple of downsides. While there is an increasing concern over the energy consumption of blockchain, companies around the world are trying to reduce this problem’s severity.  The latest company to venture into solving this issue is retail behemoth Walmart. Walmart Creating a Bitcoin-Powered Electrical Grid  On Thursday, word broke that Walmart had won a patent for the development of a Bitcoin-powered electrical…

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Steve Bannon Moves into Crypto – How? Why? Doing What?

steve bannon moves into crypto how why doing what

Steve Bannon Moves into Crypto – In August of 2017, President Donald Trump decided to remove Steve Bannon from his administration. Since then, Bannon has been the subject of scrutiny. In fact, some have recently gone as far as saying he is a man who disrupted U.S. politics. Now, however, it’s June of 2018, and Steve Bannon has moved on from politics. Specifically, he’s moving onto cryptocurrency. Yes, you heard that right. Steve Bannon is reportedly now involved in the crypto space. Steve Bannon Moves into Crypto On Thursday, Bloomberg reported…

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UK’s FCA Issues Letter to Banks Over Crypto Risks

uks fca issues letter to banks over crypto risks

The UK’s Financial Conduct Authority (FCA) issued a letter on Monday to bank CEOs over the potential risks that they face when dealing with cryptocurrencies. A Letter from the FCA Criminal activities are synonymous with cryptocurrency use and the letter is said to suggest “good practice” that banks can follow to be vigilant against these activities. According to the FCA, the letter details how firms should handle financial crime that may occur as a result of “cryptoassets,” which the FCA defines as cryptocurrencies or any type of “publicly available electronic medium of…

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