ERC20 Official Crypto channel

2022-12-20 18:07:29 Visa will explore the possibility of automatic payments in cryptocurrencies

US payment giant Visa sees promise in blockchain and related technologies. The company plans to partner with the Ethereum ecosystem to implement automatic payments in cryptocurrency.

“We intend to actively participate in the development of technical innovations that occur in the cryptocurrency industry. And the best way to do this is to practice by delving into Web3 infrastructure and blockchain protocols. We are confident that these areas will be extremely important for payments in the future,” said Catherine Gu, head of CBDC and protocols at Visa.

So far, these technologies are in their infancy, Gu noted, but something more could grow from them in the future. To do this, a lot of research needs to be done on the main aspects related to payments - security and scalability, which is what the Gu department is doing. Open / Comment

2022-12-20 18:01:22 Bitcoins connected to the bankrupt QuadrigaCX exchange came into motion

About 104 BTC (~$1.7 million) associated with the bankrupt Canadian crypto exchange QuadrigaCX was transferred from cold wallets to new addresses. Assets have lain without movement for more than three years, the ZachXBT researcher said.

According to CoinDesk, QuadrigaCX's trustee, an EY auditor, did not initiate these transactions.

The exchange crashed in 2019 after the death of its co-founder Gerald Cotten. He turned out to be the only holder of private keys from cold wallets. The platform turned out to owe users $171.5 million. Open / Comment

2022-12-20 15:31:26 Boris Johnson's brother left Binance due to the crisis in the crypto market

Last week, former Secretary of State for Universities and Science Joseph Johnson stepped down as an advisor to Binance-founded payment company Bifinity. It is reported by The Telegraph.

According to the publication, the reason for this was the growing pressure over the transparency of Binance's finances and the deepening crisis in the cryptocurrency sector.

"I resigned from the advisory board last week and have no role in it [or] any organization associated with it." Open / Comment

2022-12-20 13:59:48 Open / Comment

2022-12-20 12:16:23 Mazars Suspends Servicing of Crypto Companies

The auditing firm Mazars Group has suspended work with all clients from the crypto industry after checking Binance's bitcoin reserves. It is reported by Bloomberg with reference to the stock exchange.

“Mazars has made it clear that it is temporarily halting all crypto clients, including Crypto.com, KuCoin, and Binance. Unfortunately, this means that we are unable to work with the firm at the moment,” a spokesperson for the platform said.

Earlier, experts criticized the Mazars report on Binance verification published in early December. It concerned the volume of user deposits in bitcoin and the availability of corresponding reserves from the platform. Open / Comment

2022-12-20 12:02:33 The hero of the “Game for a fall” criticized the audit of bitcoin exchanges

Investor Michael Burry, who predicted the 2007 mortgage crisis, called audit firms' audits of cryptocurrency exchange balances pointless.

"This is problem. When I started using a new kind of credit default swap in 2005, our auditors were learning as they went. It's not very good. The same goes for FTX, Binance and others. The audit is essentially meaningless,” Burry wrote. Open / Comment

2022-12-20 11:50:18 Hi all! Fresh crypto rate! Open / Comment

2022-12-19 22:34:27 Edward Snowden has proposed his candidacy for the post of new CEO of Twitter

Former NSA and CIA officer Edward Snowden, in response to the publication of Twitter owner Elon Musk about the search for the CEO of the social network, proposed his candidacy for this post.

“I accept payment in bitcoin,” Snowden wrote.

Earlier, the billionaire in his profile conducted a survey about the need for his resignation from the post of head of the social network. 17.5 million users participated in it. Of these, 57.5% voted for Musk's resignation. He promised to follow the results of the poll.

A private investor under the nickname iamraisini said that Musk is trying to legitimize his resignation with the help of a poll. According to him, the Arab shareholders of Twitter have already asked the billionaire to leave the post of CEO. Open / Comment

2022-12-19 22:24:03 Insurers limited risk coverage for crypto firms after FTX collapse

Insurance companies are refusing to cooperate or reducing coverage to customers who have interacted with the FTX exchange going through bankruptcy. Reuters writes about it.

Fears of “infection” of crypto firms further weakened interest in working in the sector. Previously, this was not facilitated by the high volatility of digital assets and regulatory uncertainty. Open / Comment

2022-12-19 14:40:55 Open / Comment