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FCF Pay’s X account finds itself in a state of suspension due to the rampant spread of misinformation regarding its supposed “partnership” with Honda, an alliance that has never materialized. Honda, the prominent automobile manufacturer, does not accept cryptocurrency payments directly. However, individuals can still employ cryptocurrencies like Bitcoin as a means to acquire a Honda vehicle through third-party intermediaries. In early October, various publications erroneously claimed that Honda had begun embracing cryptocurrency as a valid payment method. Contrary to these reports, a Honda spokesperson clarified to Cointelegraph, saying, “American Honda does not accept cryptocurrency as a form of payment. The recent reports suggesting a shift in this policy are inaccurate.” When queried further about their stance on cryptocurrency or any prospective plans for integrating crypto payments, Honda chose not to provide additional comments. Despite the unavai...

Despite the hype surrounding cryptocurrencies, few people are using the digital asset for its intended purpose — payments. Cryptocurrencies offer several advantages to traditional money, including lower costs, faster transfers, and decentralized systems that do not collapse at a single point of failure. Despite these benefits, many people don’t consider digital currencies practical for everyday use. Moreover, the currently available crypto debit card solutions often require tedious transfers and incur high fees, making the process unfeasible for everyday users. Leading crypto exchange Bybit wants to change that, promising to make using cryptocurrencies more convenient and rewarding for users. There are more and more companies accepting crypto currencies as a form of payment . While there has been some institutional interest, it hasn’t been enough for most businesses to start accepting digital currency transactions. As a result, it is difficult for a cryptocurrency user to make purch...

The Merge brought about a groundbreaking transformation for the Ethereum [ETH] network. It fundamentally altered the network’s structure, transitioning it from a proof-of-work [PoW] chain to a proof-of-stake [PoS] chain. However, the PoW chain, now represented by the native token ETHPoW, still coexists. In this evolving landscape, entities with significant holdings of ETH, including Grayscale, found themselves facing uncertainty. The firm was actively advocating for its claims regarding the post-merge proof-of-work Ethereum tokens. Nevertheless, in a recent announcement, the company disclosed that it has permanently relinquished all rights to ETHPoW tokens on behalf of the record-date shareholders of each product. Grayscale further wrote, “As such, it is not possible to exercise the rights to acquire and sell the ETHPoW tokens, and on behalf of the record date shareholders, Grayscale is abandoning the rights to these assets.” Following the Merge, Grayscale was exploring ...

Bitcoin is facing challenges in surpassing the $30,000 mark right now. Amidst minor adjustments, traders and investors are looking to find opportunities to acquire the asset at more favorable prices. However, the question remains: which day of the week offers the most cost-effective option to purchase the king coin? Also Read: Bitcoin Volume Drops to 30-Month Low: Market in ‘Summer Slumber’ Does Bitcoin Offer the Best Deals During Weekends? Google’s AI tool has determined that Sundays are the optimal days for buying Bitcoin, based on a thorough Analysis of historical market data. The AI tool’s recommendation is further reinforced by its finding that Saturdays rank as the second-best day of the week for purchasing the asset. Bard outlined three reasons for promoting Sundays as the most cost-effective day for purchasing Bitcoin. They are, “Trading volumes are typically lower on weekends, which can lead to lower prices. There is less news and volatility ...

Several link crypto currencies to illegal activities due to their pseudonymous nature and potential for abuse. Individuals can utilize these digital assets for purposes such as money laundering and unauthorized transactions. Procurement of illegal goods and services on the dark web is also on this list. However, it’s important to note that these activities represent a small fraction of the overall crypto transaction volume. Recent headlines have also highlighted cases of bribery involving these digital assets. Consequently, the Taiwan government is implementing measures to eliminate the potential for such incidents ahead of the 2024 elections. According to data, Taiwan has documented bribery cases exceeding 1.254 billion yuan from the end of 2000 until May 2023. It is estimated that nearly 50 million yuan was distributed as part of the nine-in-one election [municipal elections] bonus last year. The Supreme Prosecutor’s Office has reported that they have prosecuted a tota...

Mastercard has filed a trademark application for a blockchain and crypto currency-related technology suite. Patent attorney Mike Kondoudis discovered the application, which suggests that Mastercard plans to develop software optimized for bitcoin and blockchain transactions. Additionally, the company aims to facilitate crypto-based transactions by reducing connections between virtual asset service providers.  #Mastercard is continuing its move into #crypto! The payment processor has filed a trademark application claiming plans for ️ Software for crypto + blockchain transactions ️ Interconnecting virtual asset service providers for crypto transactions#Web3 #DeFi #Cryptocurrency pic.twitter.com/Pz1m5gau10 — Mike Kondoudis (@KondoudisLaw) June 19, 2023 You might also like: Babydogeswap to launch virtual crypto card The trademark application is a fascinating window into Mastercard’s plans for the future of digital currency. Details have been revealed about creati...

The failure of the U.S. banking system took a toll on the prominent stablecoin USDC. As the asset lost its peg, its issuer, Circle noted that its reserves backing USDC were stuck at the Silicon Valley Bank. Despite this setback, the firm did not stop making progress. More recently, it was brought to light that Circle is seeking a license to enter the European market. The stablecoin issuer Circle has submitted applications to become a licensed e-money provider in France , as well as to register as a crypto provider. If the registration is successful, Circle will be allowed to sell its products to clients in France and “onshore” its stablecoin EUROC, according to the release. The firm is aiming to acquire a DASP registration. Companies that register must go through inspections on governance and anti-money laundering procedures in order to enter the French market. Additionally, the stablecoin issuer stated that it wants to establish France as a base for its expanded activities in ...

Shiba Inu was under the spotlight following the launch of the Shibarium public beta version. After a year of waiting by the SHIB army, the lead developer of the network, Shytoshi Kusama, finally announced the introduction of testnet PuppyNet earlier this week. Following this, the burn rate of the asset spiked. The streak persisted as nearly half a million SHIB were sent to a dead wallet. Shibburn has revealed that a total of 452,950,434 SHIB tokens have been burned since yesterday. This outcome was achieved in just three trades. Additionally, the burn rate of the network surged by 1322.79% over the last 24 hours. Source The Shiba Inu community anticipates that when Shibarium rolls out, the burn rate will increase significantly and that trillions of meme coins will be removed from circulation. Around half of the initial quadrillion supply has already been erased. The price of Shiba Inu, however, witnessed a slight drop over the last 24 hours. At press time, SHIB was tradi...

The entire globe has been awaiting the launch of Shibarium. As the wait is getting longer, the Shiba Inu ecosystem has been yearning to witness some positive upswing with regard to the price of SHIB. Amidst this, BONE, a token of the Shiba Inu ecosystem was seen thriving. But why is BONE pocketing more gains than Shiba Inu? Shibarium, the Layer-2 update that is on its way is expected to increasingly employ the BONE token. While SHIB will certainly have some role to play, BONE will take the lead. Therefore, BONE might pocket more gains than Shiba Inu this year. After a good start to 2023, most coins in the market were once again spiraling. BONE, however, managed to steer away from this notion each time the SHIB network made a Shibarium-related announcement. With the actual launch of Shibarium, BONE is expected to skyrocket. In addition to this, BONE has been getting listed on several platforms. This could also add to any potential surges. Can BONE reclaim $2 anytime soon?...

Back when Bitcoin made its debut and other cryptocurrency assets followed suit, the globe was surprised to see the advent of financial technology. However, this excitement dropped after the power consumption of cryptocurrency mining surfaced. With time, miners found new ways to make the process more sustainable. This, however, did not settle well with many. Nevertheless, the crypto-verse is home to a plethora of assets that do not consume too much energy. Here’s a list of crypto networks that do not cause increased carbon emissions and are eco-friendly. Ethereum [ETH] Ethereum took a significant step towards going green last September when it switched from a proof-of-work [PoW] to a proof-of-stake [PoS] mechanism. Unlike PoW, PoS algorithms rely on users staking their tokens as collateral to validate transactions rather than using such energy-intensive methods. This can drastically lower energy consumption rates and lessen the carbon footprint of the network. Following ...