MASTERCARD WORKING WITH R3 ON BLOCKCHAIN PAYMENT SOLUTION


Binance is only days away from opening up US registration for their platform, and Mastercard is working with a blockchain company on a payments solution. Let’s start the show. Welcome back to crypto global news, please make sure you like share and subscribe to the show. Also, we have a brand new website – jump over to cryptognt.com and have a look, we have all the latest news from the world of blockchain and cryptocurrency. You can find a link to our site in the show notes below. Enjoy today’s episode. The cryptocurrency exchange Binance announced that it will open registration and deposits on its platform for United States-based clients next week, Wednesday Sept. 18. The CEO at Binance.US ms. Catherine Coley said that following the registration opening, customers will be able to sign up for an account and select the level of verification required to achieve their desired withdrawal limits. She further added: “This kicks off our first phase as we gradually roll out access to our digital asset marketplace across America. After trading launches for this first phase, we will be continually adding to the selection of digital assets available for verified users to deposit and eventually trade on Binance.US.” Let’s see how Binance does in the USA. Cryptocurrency miners in Iran will be eligible for a tax exemption if they agree to repatriate their overseas earnings, according to Iran’s National Tax Administration. Cryptocurrency mining has become a lucrative business in Iran in recent years due to extremely low electricity prices. Each kilowatt-hour costs only $0.05 cents, while one kilowatt-hour in the United States cost an average of $0.12, and in some states $0.33. Let’s see how this new tax bill affects the crypto mining industry in Iran. Just a reminder, we have a brand new website – jump over to cryptognt.com and have a look, we have all the latest news from the world of blockchain and cryptocurrency. You can find a link to our site in the show notes below. And now, back to today’s episode. The Finnish peer-to-peer crypto exchange LocalBitcoins recently warned users about alleged security risks associated with anonymous browser Tor Browser. The message was quite clear: “Warning to all Tor users: A Tor browser exposes you to the risk of having your bitcoins stolen.” How will this affect the use of the Tor browser, and also how people interact with the LocalBitcoins platform. The United Kingdom arm of Coinbase settled a two-month legal battle with a man who lost 80 Bitcoins (BTC) in an email phishing attack. 60 of the stolen Bitcoins were then diverted to a digital wallet that was held by Coinbase. Another 20 were sent to local exchanges. The victim of the attack – then received a Bankers Trust order to reveal the identity of the wallet holder and to see whether it was the same person who made the transfer. How will this affect trust in the coinbase platform from here on out? Mastercard has recently linked up with blockchain firm R3 to develop a cross-border payment solution. The two companies plan to pilot a new blockchain-enabled cross-border payment solution. The system is set to focus on connecting global faster payments infrastructures, schemes and banks. “Developing a new and better cross-border B2B payments solution by improving worldwide connectivity in the account-to-account space is central to Mastercard’s ambition. Our goal is to deliver global payment infrastructure choice and connectivity as demonstrated through our recent strategic acquisitions and partnerships, including our relationship with R3.” What is the future of large financial institutions and blockchain technology. Many thanks for tuning into today’s episode, please make sure you like share and subscribe to the show, And please remember to go check out our new website at cryptognt.com where you can find all the latest news from the world of cryptocurrency. You can find a link to the site in the show notes below. For crypto global news I’m Edward, until next time you take it easy.

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