Many people believe that one of the main drivers for mass adoption is major corporations launching their own cryptocurrencies. But sadly, that isn’t going to be Pepsi just yet despite what some have suggested. Pepcoin Is a Rewards Program FMCG giant Pepsico recently announced a new rewards program called Pepcoin last month in conjunction with PayPal and Venmo. But for those of you who wrongly assumed that Pepsi had begun its foray into the crypto
Luxury electric car maker, Karma Automotive, now has a Bitcoin (BTC) payment option for its models. The firm is now ahead of Tesla, which has so far only toyed with the idea proposed by the crypto community. BTC Payments Part of the VIP Package Karma now offers new buyers and old customers the opportunity to use BTC to buy new car models, as well as services. The option will be available at the Karma Newport
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The Bank of Canada (BoC) is thinking about developing a digital currency that would eventually replace fiat money completely, according to local media platform The Logic. Govt-Backed Digital Currency for More Control Bitcoin came out more than a decade ago as a decentralized, peer-to-peer currency system that enabled privacy and bypassed government control. However, governments learned gradually how to deal with the emerging crypto space. As the saying goes – ‘if you can’t beat them,
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Every four years, bitcoin undergoes block reward halving which reduces the rate at which new bitcoin comes to the network by 50%. Next year’s halving event will cut mining rewards from 12.5 BTC to 6.25 BTC per ten-minute block. Historically speaking, bitcoin’s reward halvings have spurred a rally months before and after the halving. According […]
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The Bitcoin network created a rare event – a block discovery happening by two pools at the same time. In theory, such an event could be the root of a hard fork. Highly Competitive Miners Co-Discovered a Block Bitcoin (BTC) did not go through a hard fork, but produced a rare event where two pools discovered the right block header at the same time. In the end, one of the pools won the block, and
Financial regulators in Singapore are looking to implement robust crypto tracking as part of efforts to combat financial crimes. This move comes as authorities are set to introduce the country’s new Payment Services Act. MAS Wants to Combat Illegal Crypto Transactions According to a speech published by the Monetary Authority of Singapore (MAS), the financial regulator is keen to upscale its crypto surveillance capabilities. Delivering the keynote address at the International Compliance Association Annual APAC,
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On Wednesday, the US Department of Justice announced that it had shut down the largest child pornography website by content volume. It also arrested its owner and 337 site users across 38 countries. Bitcoin played a crucial role in the operation. Chainalysis Helps DOJ With Bitcoin Tracing Blockchain analysis firm Chainalysis said that it had helped the Department of Justice monitor Bitcoin transactions that eventually led to the site crackdown. Currently, investigators identified at least
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