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Edge, the firm behind the Edge crypto wallet, has rolled out Edge Mastercard, a one-of-a-kind crypto virtual card. The company announced this news yesterday, noting that the card is confidential. This means users do not have to submit know-your-customer (KYC) information or any personally identifiable information to use it. According to the announcement, Edge Mastercard uses Mastercard’s open-loop merchant network. This network allows the spending of crypto at over 10 million merchants across the US. At the moment, the card…

Human rights advocates across the globe have sent US lawmakers a letter defending cryptocurrencies. Specifically, 21 human rights defenders from 20 countries teamed up to pen the letter. The human rights defenders highlighted the importance of cryptos in countries with collapsing or broken fiat currencies. In the letter, the humanitarians said they and tens of millions of other people living under authoritarian regimes and unstable economies rely on Bitcoin (BTC) and stablecoins. According to them, BTC offers financial inclusion and…

This post was updated to clarify that most cryptocurrencies would still be governed by the SEC under the Lummis-Gillibrand bill.   Cynthia Lummis’s long-awaited regulatory bill has arrived, providing legal clarity across multiple major sectors of the crypto industry. Here are the biggest takeaways from the legislation, including info on which cryptos are securities, and taxation of crypto transactions. The Responsible Financial Innovation Act would – if passed – would classify the two top cryptocurrencies right now as commodities –…

A leaked draft bill from the United States began to spread earlier on Twitter today, drawing the attention of several crypto influencers. The crypto-related proposal looks to advocate a much more stringent regulatory environment for the blockchain industry. Possible Blow to the Crypto Industry The leaked draft suggests precise restrictions to put the developing crypto space in line with the law. The draft, now circulating on Twitter, focuses on various crypto entities, such as decentralized finance (DeFi), decentralized autonomous organizations…

Payment service provider Checkout.com has partnered with crypto security firm Fireblocks to launch a stablecoin settlement solution for merchants. The company unveiled this news earlier today through a press release. This product currently supports USD Coin (USDC), but Checkout.com plans to add more assets in the future. According to the press release, the solution leverages Fireblocks’ new crypto payment technology. Checkout.com is the first payment service provider to embrace this technology. The company is also the first to roll out…

The US Securities Exchange Commission (SEC) is investigating leading crypto exchange Binance and its token Binance Coin (BNB). A Bloomberg report unveiled this news on June 6, citing sources familiar with the matter. The sources requested anonymity to reveal details of the confidential investigation. According to the report, the SEC is looking into whether Binance violated securities laws. Specifically, the securities regulator seeks to determine whether Binance’s Initial Coin Offering (ICO) involved the sale of an unregistered security. This ICO…

It’s one thing to hear ignorant criticisms of Bitcoin from people that don’t own any or aren’t deeply involved with crypto. It’s another, however, for billionaire crypto bros to carelessly spread the same false and outdated criticisms across the media like it's nobody’s business. Sam Bankman-Fried (SBF) – the CEO of cryptocurrency exchange FTX – is the latest of such figures. In an interview with the Financial Times last month, he suggested that Bitcoin has “no future as a payments…

An analyst for Bespoke Investment Group has discovered that Bitcoin trades better outside of stock market trading hours. Nearly all of the coin’s gains since the pandemic started have occurred after equity markets had closed. Speaking with Bloomberg News, Jake Gordon from Bespoke outlined a strategy that would have yielded 270% gains since early 2020. It involves simply buying Bitcoin at the equity market close (4 pm) and selling at the next day’s open (9:30 am). Unlike traditional markets, crypto…

Gala Games, a leading web3 gaming firm, will start publishing its blockchain games on the Epic Games Store. A press release revealed this news earlier today. The first Gala Games title to launch on the Epic Games Store will be GRIT, a wild west battle royale game. However, Gala Games has not shared when the game will go live. According to the press release, the Epic Games Store has more than 194 million users. By tapping this massive audience, Gala…