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Robinhood Launches Cryptocurrency Trading in EU, Aims for Global Accessibility

Financial services company Robinhood has announced the launch of cryptocurrency trading in the European Union. “Just like we did with the stock market, our goal is to make cryptocurrencies more accessible and affordable for everyone, regardless of where they live,” the company explained.

Robinhood Expands Cryptocurrency Trading Services

Financial services company Robinhood launched its cryptocurrency trading platform in the European Union on Thursday, offering investors the ability to buy and sell more than 25 cryptocurrencies. Ad details:

   Today we launched the Robinhood Crypto app for all eligible customers in the European Union (EU).

EU residents over the age of 18 with compatible iOS and Android devices can now access Robinhood Crypto, the company clarified. The announcement details further: “Support for additional tokens, crypto transfers, crypto staking, crypto learning rewards, and more is expected to launch in 2024.”

Johann Kerbrat, CEO of Robinhood Crypto, commented: “We believe that cryptocurrencies are the financial framework of tomorrow and that they play an important role in our mission to democratize finance for all… The EU has developed one of the most comprehensive policies in the world for cryptocurrencies. asset regulation, which is why we chose the region to anchor Robinhood Crypto’s international expansion plans.”

Robinhood explained that as a publicly traded American company, it is regularly reviewed by third-party auditors and Robinhood Crypto has taken a conservative approach to supporting digital assets.

The platform’s trading volumes in stocks, options and cryptocurrencies increased in October compared to the previous month, according to data published in November. Stock trading volume increased 15% to $50.8 billion, options contracts traded increased 11% to $96.6 million, and cryptocurrency trading volume soared 92% to $2 .3 billion.

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Taiwan’s Central Bank concludes CBDC’s wholesale study

A Central Bank employee spoke about CBDC’s ongoing investigation and other Modernization of Payments that Taiwan is exploring.

Taiwan’s Central Bank completed a feasibility study of the Central Bank’s digital currency (CBDC) and continues to consider its introduction. The Central Bank is looking for business and academics comments and will continue to work on the design of the platform, said deputy governor Mei-Lie Chu on December 7.

In a long speech at an event for bankers, Chu described what Banking 4.0 called, or “Integrated Services in Customer’s Daily Life,” including Artificial Intelligence Integration and Bank’s Advanced Mobile and Digital Technology. She dedicated approximately half of her presentation to the CBDC.

Chu referred to the bank to investigate international settlements and said he saw the advantages of the CBDC and the real -world assets signal.

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Bitcoin Crypto Mining cryptocurrency exchange Cryptocurrency news

Phoenix closes $380 million deal with WhatsMiner to mine green Bitcoin

Phoenix Group is acquiring hydrocooling mining equipment from WhatsMiner worth more than US$136 million, with an option to purchase an additional US$246 million.

UAE company Phoenix Group has revealed a new purchase of hardware equipment from WhatsMiner, with the aim of expanding its portfolio of hydraulic cooling rigs. According to a Dec. 7 announcement, the $380 million deal represents WhatsMiner’s largest order in two years.

Under the agreement, Phoenix received mining equipment valued at US$136 million, with an additional option available worth US$246 million. WhatsMiner’s line of hydrocooling equipment launched in 2022, with current prices ranging from $1,008 to $2,484, according to the company’s website.

WhatsMiner’s hydrocooling hardware uses a closed-loop water system, preserving the volume and quality of water within the pipes. According to the company, the system offers more efficient heat transfer, as water is a more effective heat conductor than air or oil. The benefits of this system include reduced operating costs and minimized environmental impact, the company claims.

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Bitcoin Bitcoin Wallet Cryptocurrency news

Coinbase Wallet Launches Global Money Transfers with Link-Based Payments

Coinbase has introduced a new feature to its wallet service, streamlining international fund transfers. This new update aims to make transferring funds as easy as sending a text message.

Coinbase Introduces Link-Based Money Transfer Service

Coinbase (Nasdaq: COIN) has launched its latest wallet feature that facilitates global fund transfers. The platform now allows users to transfer money through multiple channels, including widely used messaging and social media apps, by simply sharing a link.

Announced on Tuesday, Coinbase explained that this feature avoids the need for complex banking details and costly electronic transactions, offering free, immediate settlements. The update includes compatibility with various social networks and messaging applications such as Whatsapp, Instagram, Tiktok, Facebook, Telegram, Snapchat and also via email.

Basically, the service works on any platform capable of sharing a link. Coinbase clarified that if the recipient does not claim the funds within two weeks, it will automatically revert them back to the sender. Coinbase’s new payment method is similar to those offered by large payment companies such as Paypal and Stripe.

Paypal facilitates link-based transactions through a service called Paypal.me. In this service, people can generate a personalized link to request payments directly to their Paypal account. The Paypal feature can be used for cryptographic payments associated with the selected digital assets it supports.

Aimed at both novice and experienced users, Coinbase has also implemented a “simple mode” in its non-custodial wallet. This feature focuses on basic functionalities such as buying, sending, receiving, and protecting digital currencies.

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Coinbase launches crypto transfers via links sent on WhatsApp and Telegram

Recipients must download a Coinbase wallet to receive the funds, but the exchange says it has simplified the process for less tech-savvy users.

A new Coinbase Wallet feature allows the transfer of cryptocurrency through a link that can be sent through some of the most popular social media sites and messaging apps, as the cryptocurrency exchange looks to make its service accessible to a broader market.

“Users can now send money on any platform where they can share a link,” Coinbase said in December.

There is no payment fee when sending USD Coin (USDC), a US security.

   Send money anywhere you can send a link.

   Easily. Free.

   ⤷ https://t.co/CKyLu1wYEw pic.twitter.com/XX9YaZZEPm
   – Coinbase Wallet ️ (@CoinbaseWallet) December 5, 2023

Clicking the link will take the recipient to their device’s app store to download Coinbase Wallet, if they haven’t already, where they can create a wallet with a single click, Coinbase noted.

If funds are not claimed within two weeks, they will be returned to the sender.

Coinbase has also created a “simple mode” for its wallet to help new and less tech-savvy users, which only displays basic functions such as buying, sending, receiving, and viewing assets.