insidebitcoins.com insidebitcoins.com

China’s Online Retailer JD Begins Salary Payments In Digital Yuan

One of the major e-commerce companies in China JD.com has started paying employees in digital yuan. The online retailer made this known in a post while also announcing that it would be taking part in the one-year Digital Currency/Electronic Payment (DC/EP) trial show at the fourth digital China summit happening in Fuzhou. The show is slated to hold from April 25 to 26. JD’s Active Role In Digital Yuan Trials Since September 2020, JD...

insidebitcoins.com insidebitcoins.com

Schwab To Venture Into Crypto Once U.S Provides Regulatory Clarity

Brokerage firm Charles Schwab Corp has disclosed plans to enter into the cryptocurrency space but on one condition. The company says it would like to see more regulatory clarity before making a foray into the industry. Charles Schwab Plans To Offer Crypto To Clients The CEO of Schwab, Walt Bettinger, revealed in a call with analysts that the company is monitoring the crypto market, but still can’t offer crypto services, Reuters...

insidebitcoins.com insidebitcoins.com

Binance Recruits Former OCC Head As CEO Of US Subsidiary

The world’s largest cryptocurrency exchange Binance has reportedly hired Brian Brooks as its new Chief Executive Officer of its subsidiary in the US, the Wall Street Journal reports. Brooks To Take The Helm Of Binance.US Brooks, who was the former Acting Comptroller of the Currency, will be taking the reins of Binance.US come May 1st. He is set to replace present CEO Catherine Coley, who joined from digital payments company Ripple...

insidebitcoins.com insidebitcoins.com

AXA Switzerland Activates Bitcoin Payment Option For Customers

Switzerland’s biggest insurance firm AXA has activated a cryptocurrency payment option for its customers, thereby becoming the first all-line insurer to roll out the plan. Pay Insurance Premiums with Bitcoin The latest policy of the leading insurance company provides all private AXA customers with a Bitcoin payment option. In this regard, AXA customers can effect payment for insurance premiums relating to non-life insurance products...

insidebitcoins.com insidebitcoins.com

Shark Tank’s Barbara Corcoran Wants Investors To Choose Real Estate Over Bitcoin

Despite the current booming crypto market, Barbara Corcoran wants Americans to choose real estate over cryptocurrencies. Not only did Bitcoin just popped a record high price of more than $51,000 last month, but it also hit yet another record high on Tuesday, trading above $63,000. Corcoran’s comments come when the total market cap of all crypto assets expanded by 600% to well over $2 trillion this year. Real Estate Over...

insidebitcoins.com insidebitcoins.com

Man Sentenced To Jail for Trying To Buy Chemical Weapons with Bitcoin

A man from Missouri has been sentenced to 12 years in federal prison for attempting to kill someone by purchasing a chemical weapon on the dark web using Bitcoin as payment.  Illegal Bitcoin Purchase Meant To Kill Lover The man named Jason William Siesser tried to purchase the highly lethal chemical weapon twice before being caught. Siesser had planned to use the chemical weapon to poison a woman who had ended a relationship with him....

insidebitcoins.com insidebitcoins.com

Fidelity Joins Crypto Firm Paradigm To Create New Crypto Trade Group

Fidelity Investments, Coinbase, and other U.S-based businesses have created a cryptocurrency trade group to shape the way Bitcoin and other cryptocurrencies are regulated. The group, called the Crypto Council For Innovation, aims to ensure that policymakers understand the importance of cryptocurrency innovation to promote favorable industry regulations. New Cryptocurrency Trade Group Unveiled The council convened by crypto investor...

insidebitcoins.com insidebitcoins.com

Billionaire Mike Novogratz Adds Facebook Crypto Stock To Portfolio

Billionaire and crypto investor Mike Novogratz disclosed that he had purchased stock from social media company Facebook Inc. Novogratz Gives Reasons For Buying Facebook’s Stock In a Bloomberg interview, Novogratz said that he purchased the shares to gain from Facebook’s forthcoming crypto-asset, Diem, and its crypto wallet Novi, set to launch later this year. The CEO of Galaxy Digital Holdings Ltd, known for frequently commentating...

insidebitcoins.com insidebitcoins.com

China’s Bitcoin Mining Industry Could Derail Climate Targets

As China’s bitcoin mining industry grows bigger, some researchers believe the electricity-gulping bitcoin mining may prevent China from achieving its climate goals. This was made known in a recent study published in the Journal Nature by the researchers.  Increasing Concerns Over Climate Security The study reveals that China powers approximately 80% of the world trade in cryptocurrency. Given the fact that Bitcoin operates on the...

insidebitcoins.com insidebitcoins.com

SEC Sues Blockchain Startup LBRY for Selling Unregistered Securities

Like the U.S Securities and Exchange Commission (SEC) did with Ripple, the commission has sued crypto firm LBRY to court for selling unregistered securities. LBRY Inc, a blockchain-based file-sharing platform, has been charged by the SEC for conducting an $11 million unregistered security offering. SEC Sues LBRY Founded in 2015, LBRY operates a decentralized content publishing platform. The first sales of its native token (LBRY...