Biggest Bank in El Salvador Now Accepts Bitcoin as Payment for Financial Products

Bancoagricola, the biggest bank in El Salvador, is now accepting bitcoin to pay for debts originated from the use of its instruments, according to a PR statement. The institution partnered with Flexa, a payments network, to include cryptocurrency capabilities in its…

BIS Asks Central Banks to Urgently Develop CBDCs to Compete With Crypto Assets

The head of the Bank of International Settlements (BIS) Innovation Hub, Benoît Cœuré, has urged central banks to act now on central bank digital currencies (CBDCs) to compete with initiatives in the private sector, including cryptocurrencies. “CBDCs will take years to…

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Iran Shuts Down More Illegal Crypto Farms, Bringing Total to Over 5,300

Authorities in Iran are continuing their crackdown on unauthorized cryptocurrency mining as electricity demand remains high. The country’s power utility company has so far closed down more than 5,300 illegal mining facilities, seizing an enormous amount of coin-minting machines. Power Utility…

Hip Hop Star Ja Rule Discusses the Growing NFT Space and Crypto — ‘I Like the Fact That Bitcoin Is Decentralized’

The non-fungible token (NFT) industry has exploded in 2021 as millions of dollars worth of cryptocurrencies continue to be traded for these blockchain collectibles every single day. This week, Bitcoin.com News chatted with the popular American rapper Ja Rule about NFTs…

US SEC Issues Warning on Crypto Investment Scams Citing ‘Some Investors May Have FOMO’

The U.S. Securities and Exchange Commission (SEC) has issued a warning about fraudulent investment schemes involving cryptocurrencies. The regulator notes that some investors may have fear of missing out (FOMO) given the rise in prices of some crypto assets in recent…

Marvel Comics Tells Freelance Artists Not to Mint Marvel-Brand NFTs, Publisher to ‘Introduce Opportunities for Creators’

Last March, the comic book publisher DC Comics told freelancers that intellectual property (IP) and characters owned by DC Comics were off-limits in regards to freelancers leveraging the IP for non-fungible token (NFT) asset sales. A recent report indicates that Marvel…

NFT Market Sales Drop by More Than 50% — Popular NFT Collection Trade Volumes Nosedive

After non-fungible token (NFT) sales soared during the month of August, the first week of September’s NFT sales has been awful. Statistics show the number of sales in mid-August tapped a high of 193,693 sales but plummeted 86% to 27,053 sales…