Binance Connect Service to Shut Down: Company Shifts Focus Amid Changing Market Trends

The platform will cease operations on August 16. The decision was made due to "changing market and user needs," a company spokesperson said. The service had been operating since March 2022. Cryptocurrency exchange Binance has announced the shutdown of ...

Businessman Arrested in Bali for Accepting Cryptocurrency Payments for Car Rentals

Police in Bali arrested a 33-year-old businessman from the resort settlement of Jimbaran, who rented cars and accepted payment for them in cryptocurrencies. The Bali Police Cyber Unit launched an undercover investigation after receiving reports of a growing number of peop ...

Rising Inflation in Turkey Spurs Interest in BTC and Stablecoins as Residents Seek Refuge

Inflation in Turkey has reached 44% And residents seek salvation in BTC and stabelcoins The Turkish lira fell by more than 20% against the dollar after the elections. Now $1 sells for 20 liras. Over the past decade, Turkish fiat has lost more than 90% of its v ...

Bali Government Takes Strict Measures Against Cryptocurrency Payments by Tourists

The Bali government is going to fight the use of cryptocurrency by tourists as a means of payment in hotels, restaurants, shopping malls and other tourist spots. "Foreign tourists who behave inappropriately and commit acts that are not allowed by their vis ...

Elliptic Reveals Massive Network of Fentanyl Precursor Manufacturers Accepting Cryptocurrency Payments

Elliptic found 90 manufacturers willing to supply fentanyl precursors 90% of them accept cryptocurrency, mostly BTC They have received about $27 million in CA since the beginning of the year In China, fentanyl has been banned since 2019, but clandestin ...

Chinese Fentanyl Labs Sell Opioid Precursors Overseas for Cryptocurrencies, Reveals Elliptic

According to analytics company Elliptic, more than 90 Chinese chemical laboratories that make the opioid analgesic fentanyl sell it in bulk overseas, accepting payment in bitcoin and stabelcoin USDT. Elliptic researchers analyzed some of the cryptocurrency addresses with ...

Bitpay Announces Closure of Prepaid Card Program with Mastercard, Promises Improved Service

Cryptocurrency payments operator Bitpay announced the closure of its prepaid card program with the international Mastercard system due to the end of its partnership with Metropolitan Commercial Bank. Atlanta-based Bitpay announced that prepaid Mastercard cards will cease ...

Ralph Lauren’s Miami Store Now Accepts Crypto Payments

Ralph Lauren, the renowned American fashion brand, has announced that it will now accept cryptocurrency payments at its newly opened Miami store. This marks the first time that the brand will accept payments via digital currencies, including Bitcoin (BTC), Ether (ETH), and the Polygon MATIC token ...

UK Bank NatWest imposes restrictions on cryptocurrency payments

NatWest, a prominent retail and commercial bank in the UK, has recently implemented restrictions on customers who use cryptocurrency exchanges to make payments. This move follows similar measures taken by other banks in the country. The new limitations dictate that NatWest customers can only make ...