Amazon looking to hire digital currency and blockchain expert

Amazon office

A new Amazon job posting for a “digital currency and blockchain product lead” further solidifies speculation that the e-commerce giant is planning to bring its payments system into the crypto age.

The position, based at Amazon’s headquarters in Seattle, will be part of the company’s payments acceptance and experience team.

The job posting, which calls for “an experienced product leader to develop Amazon’s digital currency and blockchain strategy and product...

27 July 2021 | Cryptocurrency

Nigeria to launch CBDC pilot in October

Nigerian Flag

The Central Bank of Nigeria (CBN) plans to begin its central bank digital currency (CBDC) pilot on October 1, according to Nigerian financial news publication Nairametrics.

According to Nairametrics private sources, Rakiya Mohammed, the bank’s director of information technology, called a webinar last Thursday to confirm the pilot’s start date and emphasise that the CBN could not afford to be left behind in global CBDC development.

The pilot scheme, known as...

27 July 2021 | Banking

PayPal scraps annual purchase limit of cryptocurrency

PayPal Office, Dublin

PayPal has announced its annual purchase limit of $50,000 (£36,500) for Bitcoin and other digital assets is being removed.

Similarly, the platform’s weekly purchase limit is being raised fivefold from $20,000 (£14,500) to $100,000 (£73,000).

Jose Fernandez da Ponte, PayPal’s vice president of blockchain, crypto and digital currencies said: “These changes will enable our customers to have more choice and flexibility in purchasing cryptocurrency on our...

19 July 2021 | Bitcoin

Wyoming advances DeFi adoption with landmark recognition of American CrytpoFed

An American flag waving in the wind.

The State of Wyoming has legally recognised the American CryptoFed DAO, making it the first decentralised autonomous organisation (DAO) to receive legal recognition in the US.

Such recognition comes hot on the heels of Wyoming becoming the first state to pass landmark legislation that defines DAO’s as a kind of limited liability company (LLC).

Speaking on the decision, Wyoming’s Secretary of State, Edward Buchanan, reflected on the state’s history of being at the...

6 July 2021 | Applications

The benefits of automation for financial services

According to Teleware365 research, carried out by Censuswide in 2020, 86% of IT decision makers want to do more automation and AI in the next 12 months.* 

And, while there are many routes to automation in finance, understanding the benefits that automation technology enables across a finance institution can help you make the most of your technology investment.

Reduced cost of compliance

Finance institutions must meet a number of regulations and...

5 July 2021 | Banking

Daymak Spiritus will be world’s first electric car to mine cryptocurrency while parked

Daymak crypto mining platform.

Daymak, a light electric vehicles (LEVs) manufacturer, has revealed its upcoming Spiritus electric car will include Daymak Nebula, Daymak’s patent-pending cryptocurrency infrastructure. 

The Spiritus, launching in 2023, is the electric car offering in the Daymak Avvenire series, a lineup of EVs spanning e-bikes all the way up to flying electric vehicles.

Daymak is accepting Spiritus pre-order payments in a multitude of cryptocurrencies including Doge, Ethereum,...

3 June 2021 | Bitcoin

How can cryptocurrency achieve mainstream adoption?

A pile of bitcoins.

Tesla founder Elon Musk ensured Bitcoin remained in the headlines this week, backtracking on comments he made that had suggested he might throw his support behind Dogecoin instead of Bitcoin.

During one of many recent Twitter spats, Musk tweeted: “Obnoxious threads like this make me want to go all in on Doge."

Rumours had already begun circulating that Tesla planned to sell the bitcoins it purchased for $1.5 billion (£1.06bn) in February 2021. Subsequently, Bitcoin...

20 May 2021 | Bitcoin

Weekly NFT roundup April 28-May 4: Collectibles market shrinks as use cases continue to grow

Despite a recent lull in NFT prices and volume of sales, the technology's potential use cases are steadily increasing. This week saw NFTs being considered by eBay as well as promising signs for advanced real-world applications from IoTeX and a Cardano-based partnership.

eBay sees potential for NFTs on its platform

CEO Jamie Iannone has said the eCommerce giant is “exploring opportunities on how we can enable NFTs on eBay in an easy way.”

The announcement...

4 May 2021 | Applications

Do you really own your NFT? Understanding the tech – and the risks behind ownership

Opinion Non-fungible tokens (NFTs) are on the rise. The blockchain powered digital collectibles have managed to get worldwide attention, despite a general lack of comprehension of how they actually work. A few months ago, NFTs were still specialist items. Now they are being auctioned at premier auction houses such as Christie’s and Sotheby’s, with some artwork being acquired for millions - notably Beeple’s $69 million collage. While the NFT market is currently booming, some risks and...

28 April 2021 | NFT

CoinFlip expansion continues into Washington with 13 new crypto ATMs

CoinFlip is continuing its recent growth into the Pacific Northwest of the United States with the launch of 13 new cryptocurrency ATMs in cities such as Seattle, Olympia, and Tacoma.

The recent growth in industry and consumer adoption of cryptocurrency is fuelling this company growth, with CoinFlip also expanding into Missouri earlier this month and having installed 559 ATMs so far this year.

CoinFlip now has almost 2,000 machines across the US in 46 out of 50 states,...

23 April 2021 | Applications