The top news in the last 24 hours are shown below:
Opera Adds Crypto Buying Service to Android Wallet
Opera now lets Android users buy Ethereum’s Ether (ETH) cryptocurrency directly from its browser-based wallet. Opera has partnered with regulated crypto brokerage Safello to provide the cash-to-crypto exchange. The feature allows payments with credit and debit cards, along with “trusted” payment networks. At launch, ether purchasing is available only in Sweden, Norway and Denmark.
Waves Labs Announces First Grant Recipients
Waves Labs is excited to announce the first eight recipients of grants under the Waves Grants program! To apply for Waves Grants: https://waveslabs.com/grants.html
Australian Banks Fraudulently Collected Fees From Deceased Customers
A national inquiry into the misconduct of Australia’s banking sector has revealed profit-driven malpractice that has shattered customer trust. Some of the country’s largest banks were found guilty of making families homeless and charging fees for non-existent services, sometimes to dead customers. They also caused clients to lose hundreds of millions of dollars through misleading investment advice.
Twitter CEO Says Bitcoin Is the Only Crypto He Holds
Twitter and Square CEO Jack Dorsey has again expressed his pro-Bitcoin (BTC) stance, revealing that the sole crypto he holds is BTC, according to a tweet on Feb. 6. The known Bitcoin supporter has revealed his cryptocurrency of choice following a recent interview where Dorsey claimed that he still believes that Bitcoin will be the native currency of the internet. He wrote:
“Bitcoin is resilient. Bitcoin is principled. Bitcoin is native to internet ideals.”
Derivative For Telegram’s GRAM Will Be Available in February
Since February 27 everyone will be able to buy a derivative on Gram token using the Xena Exchange. The platform’s analysts state that the trading volume of Gram contracts will hit $3,5 billion during the first three months.
India’s Government Fears That Cryptocurrencies May Destabilise The Rupee
Cryptocurrencies can impact major economies around the world. Venezuela is an example that currently suffers from hyperinflation. Its inhabitants turn to bitcoin and other digital assets for a haven. India fears digital assets as well. A panel, created by the Indian ministry of finance’s economic affairs secretary, Subhash Chandra Garg issued a warning regarding digital assets. The committee is afraid over the impact cryptos could have on the rupee if they are allowed for making payments.
Abra Mobile Wallet Lets Users Invest into Stocks and ETFs Using Crypto
Based on a recent announcement, global investors can now use Abra wallet as a way to invest in exchange-traded funds (ETFs) and shares by using Bitcoin. The company, based in the United States, announced an early registration period for the platform. Using Abra gives investors from 155 countries the ability to invest in 50 new investment types. They’ll also enjoy no trading fees throughout the remainder of the year if they use Bitcoin for their transactions. Already included in the asset types are stocks such as Amazon, Apple, Google, Facebook, and Netflix, along with commodities like SPDR Gold Trust. Additionally, ETFs like the S&P 500 and Vanguard Growth are also available.
Coinbase Noncustodial Wallet Adds BTC Support and Plans to Add More Assets
Coinbase has announced support for bitcoin core (BTC) in the company’s noncustodial wallet. The wallet was originally dedicated to ethereum (ETH), ethereum classic (ETC), ERC721 and ERC20 tokens. The San Francisco based company plans to add more currencies to the wallet soon.
South Korea’s Central Bank Says CBDCs Will Disrupt Financial Stability
South Korea’s central bank has warned that adopting a state-backed cryptocurrency as an official form of legal tender would threaten the country’s financial stability. In a report, the Bank of Korea (BoK) said such a currency, also known as a central bank digital currency (CBDC), could result in a spike in interest rates and a liquidity crunch.
A Millennial and Crypto Love Story: How This Generation Is Ghosting Banks
America’s youth has long been in a lousy relationship with banks. Their predatory, self-serving practices have left a bad taste in the mouths of many young consumers, who have historically acclimated and resigned themselves to the system as they aged. Millennials have been accused of killing almost every industry, from golf to napkins, but now they’re on the cusp of the biggest breakup yet – with banks. Millennials might finally be the generation to leave their deadbeat ex and have the passion and optimism to envision a new way of doing things financially.
Zcash Bug Demonstrates the Difficulty of Auditing Complex Cryptocurrencies
A recent counterfeiting bug in Zcash demonstrates that the added functionality of so-called second-generation blockchains comes at a price. The vulnerability, which existed for years before being patched in October, could have been exploited to generate additional coins. As every major cryptocurrency since Bitcoin has demonstrated, added complexity corresponds with lower security.