Russia grants $200K to build tool for tracing crypto transactions

Russia grants $200K to build tool for tracing crypto transactions

Federal authorities in Russia are moving forward with a plan to closely monitor cryptocurrency activity for illicit transactions and deanonymize crypto users’ identities.The Russian Federal Financial Monitoring Service, also known as Rosfinmonitoring, has selected a contractor for developing a platform for tracking cryptocurrency activity. According to data from Russia’s state...

Binance to bring Bitcoin payments to Shopify via new partnership

Binance to bring Bitcoin payments to Shopify via new partnership

Binance, the world’s largest cryptocurrency exchange by trading volumes, continues actively expanding into the crypto payment industry through a new crypto-to-fiat integration.The company announced Tuesday a partnership with crypto-fiat hybrid payment platform Alchemy Pay to enable peer-to-peer (P2P) crypto payments at over 2 million global merchants through its payments application...

New study reveals high demand for payments in cryptocurrency

New study reveals high demand for payments in cryptocurrency

Payments in cryptocurrencies like Bitcoin (BTC) make up one of the biggest use case demands among consumers alongside long-term investment, according to new data.Pymnts, a major payments-focused publication, released Monday a report on consumer preferences regarding cryptocurrency payments. Dubbed “Cryptocurrency Payments Playbook: Cryptocurrencies Gain Momentum As A Payment Option,” the...

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