What is transactions? transactions news, transactions meaning, transactions definition - Blockchain.News
Search results for

transactions

Alipay Officially Bans All Bitcoin-Related Transactions

Alipay Officially Bans All Bitcoin-Related Transactions

Alipay, one of the most popular digital payment systems under China’s Alibaba group, officially stated that it would be banning all payment transactions related to Bitcoin and other cryptocurrencies.

Ethereum Hit 1 million Daily Transactions since May 2018

Ethereum Hit 1 million Daily Transactions since May 2018

As reported by leading Ethereum block explorer Etherscan, Ethereum hit over 1mn daily transactions on 28 June, the first time since May 2018.

Australian Government Explores the Viability of Blockchain For Land and Property Conveyancing Transactions

Australian Government Explores the Viability of Blockchain For Land and Property Conveyancing Transactions

The Australian government is piloting a blockchain database to find out its viability on conveyancing transactions.

China's DCEP Testing Limited to Small Retail Transactions for Now

China's DCEP Testing Limited to Small Retail Transactions for Now

The People’s Bank of China (PBOC) has affirmed that the testing of its CBDC project is concentrated only to small scale transactions for now.

Blockchain Transactions Affirm Suspicious Levels of RaaS Interconnectedness

Blockchain Transactions Affirm Suspicious Levels of RaaS Interconnectedness

Blockchain transactions confirm the interconnection between four prominent ransomware strains. A good sign for law enforcement to deter illicit money transfers.

Unstoppable Domains Partners with Fantom to Make Crypto Transactions Easier

Unstoppable Domains Partners with Fantom to Make Crypto Transactions Easier

To eliminate the pain points associated with crypto like misunderstanding, trepidation, and fear, Unstoppable Domains has collaborated with Fantom to make transactions simpler and easier.

Ethereum Settled Transactions Worth $1.5 Trillion in Q1 of 2021

Ethereum Settled Transactions Worth $1.5 Trillion in Q1 of 2021

The Ethereum network settled more transactions in the first quarter of 2021 than it did in 2020.

Bitcoin Lightning Network Would be Practical for Small Payments than Debit Cards, Morgan Stanley Says

Bitcoin Lightning Network Would be Practical for Small Payments than Debit Cards, Morgan Stanley Says

The Bitcoin Lightning Network attracts fees close to zero, so it becomes more practical to use it when undertaking small payments than a debit card, according to leading investment bank Morgan Stanley.

Binance Has Enabled Iranians Transact $8 Billion Despite Sanctions

Binance Has Enabled Iranians Transact $8 Billion Despite Sanctions

Since 2018, crypto exchange Binance has carried out Iranian transactions worth $8 billion despite being slapped with U.S. sanctions

BounceBit and Free Tech Partner to Enhance Cross-Chain Transactions for BBTC and BBUSD

BounceBit and Free Tech Partner to Enhance Cross-Chain Transactions for BBTC and BBUSD

BounceBit teams up with Free Tech to enhance cross-chain transactions for BBTC and BBUSD, improving user experience with swift and secure transfers.

Zcash is Clogging up in What Looks Like a Spam Attack

Zcash is Clogging up in What Looks Like a Spam Attack

The Zcash protocol might be under a spam attack as analysts pointed out on Twitter in a long discussion that started on Wednesday. Being a privacy-focused protocol, Zcash’s “Shielded Transaction” feature designed for privacy is now being misused by the attacker.

Bitcoin Mixer - Shuffling Your Bitcoin For Anonymity and Privacy

Bitcoin Mixer - Shuffling Your Bitcoin For Anonymity and Privacy

Bitcoin Mixer offers a solution to the many risks posed by transacting Bitcoins online through a process known as Bitcoin shuffling.

Coinbase and Trustly Collaborate to Streamline Crypto Transactions for Canadians

Coinbase and Trustly Collaborate to Streamline Crypto Transactions for Canadians

Coinbase partners with Trustly for Open Banking in Canada, enabling direct bank-to-crypto wallet transactions. This follows Coinbase's recent Canadian market expansion and US crypto derivatives approval.

BNB Smart Chain (BSC) Advances with BEP 336: Introducing Blob Transactions for Enhanced Network Performance

BNB Smart Chain (BSC) Advances with BEP 336: Introducing Blob Transactions for Enhanced Network Performance

BNB Smart Chain introduces BEP 336 upgrade, inspired by Ethereum's EIP 4844, to optimize data storage and reduce transaction costs, preparing for a network performance boost.

EU Parliament Approves Tough Rules to Ban Anonymous Crypto Transactions

EU Parliament Approves Tough Rules to Ban Anonymous Crypto Transactions

The new proposals by the EU are designed to prevent criminal groups from exploiting the anonymity of crypto-based transactions.

South Koreans transacted $4.3 billion through illegal crypto exchanges

South Koreans transacted $4.3 billion through illegal crypto exchanges

In 2022, South Koreans transacted $4.3 billion through illegal crypto exchanges, comprising almost 70% of all illicit money traffic captured by officers. The transactions aimed to purchase foreign virtual assets to sell in the country later due to the South Korean regulatory regime isolating the local market.

CipherTrace Unveils New Compliance Software For Banks Against Illicit Crypto Transactions

CipherTrace Unveils New Compliance Software For Banks Against Illicit Crypto Transactions

CipherTrace launches Armada to fix the blind spot in cryptocurrency compliance

Large Institutional Transactions Take the Lion’s Share of Bitcoin Volume at 99%

Large Institutional Transactions Take the Lion’s Share of Bitcoin Volume at 99%

Institutional demand for Bitcoin does not seem to be fading based on the large transactions volume witnessed, according to a report by IntoTheBlock.

Digital Asset Investments Surge to $117 Million

Digital Asset Investments Surge to $117 Million

Last week, digital asset investment products experienced record inflows and volumes.

Europol Places Bitcoin Mixer Wasabi Wallet on its Radar for Promoting Dark Web Transactions

Europol Places Bitcoin Mixer Wasabi Wallet on its Radar for Promoting Dark Web Transactions

The general regulatory difficulty experienced by Bitcoin and altcoins lie in the skepticism of regulatory agencies due to their cryptographic nature. Transactions are generally obscured as privacy is the watchword. This creates a source of concern as the likelihood of the currencies being used in dark web transactions is high. Monitoring agencies have been able to fight this partly by ensuring companies or firms that will be involved with digital currencies adhere to some compliance clause.

Mysterious Bitcoin Inscriptions: A Puzzle in Raw Binary Data

Mysterious Bitcoin Inscriptions: A Puzzle in Raw Binary Data

A mysterious Bitcoin user inscribed 9MB of raw binary data on the blockchain, spending over $64K. The encrypted data's purpose remains unknown, stirring speculation in the crypto world.

5% Global Business Transactions Expected to Utilize Blockchain Technology by 2028: SkyQuest

5% Global Business Transactions Expected to Utilize Blockchain Technology by 2028: SkyQuest

At least 5% of worldwide business transactions are expected to utilize blockchain technology by 2028, thanks to heightened activity in the fintech blockchain market, according to a report by research firm SkyQuest.

CipherTrace Unveils Crypto Predictive Risk Model to Combat Suspicious Transactions in Wake of Twitter Scam

CipherTrace Unveils Crypto Predictive Risk Model to Combat Suspicious Transactions in Wake of Twitter Scam

CipherTrace, a cryptocurrency intelligence company, has introduced a predictive risk-scoring model to instantly avert money laundering of cryptocurrencies from ransomware attacks and theft.

The Most Unworkable State Law

The Most Unworkable State Law

An Illinois senator has presented a law that would compel crypto node operators, miners, and validators to reverse transactions if ordered by the court, even though it's impossible.

EU Council Adopts DAC8 Directive to Enhance Tax Oversight on Crypto Transactions

EU Council Adopts DAC8 Directive to Enhance Tax Oversight on Crypto Transactions

The Council of the EU has adopted the DAC8 directive to enhance administrative cooperation among national tax authorities concerning crypto-asset transactions and tax rulings for high-net-worth individuals. The directive broadens the scope of assets covered, mandates automatic information exchange, and aligns with global standards set by the OECD and G20 to address challenges posed by the digital economy.

FTX Financial Filings Uncover Executive Transactions Prior to 2022 Collapse

FTX Financial Filings Uncover Executive Transactions Prior to 2022 Collapse

Court filings reveal FTX and Alameda Research executives engaged in financial transactions before the exchange's collapse, including a $2.51 million payment to the American Yacht Group.

HSBC and Wells Fargo Utilize Blockchain Technology, Enhancing Foreign Exchange Transactions

HSBC and Wells Fargo Utilize Blockchain Technology, Enhancing Foreign Exchange Transactions

HSBC and Wells Fargo have formed a strategic agreement to use a settlement ledger powered by blockchain technology when undertaking foreign exchange (FX) transactions meant to minimize settlement risk.

US Treasury Department Proposes New KYC Requirements for Cryptocurrency Transactions

US Treasury Department Proposes New KYC Requirements for Cryptocurrency Transactions

The U.S Treasury Department has released a notice concerning a new rule that would require money services businesses and banks to verify identities, keep records, and submit reports of users holding crypto assets in unhosted wallets.

Alameda Research's FTX Tokens worth millions transferred

Alameda Research's FTX Tokens worth millions transferred

Many think the latest money transfer is part of the bankruptcy process, with officials liquidating funds to repay creditors.

Luxembourg: The FinTech Hub For Cross Border Asset Management

Luxembourg: The FinTech Hub For Cross Border Asset Management

Luxembourg for Finance (LFF) is a public-private partnership that acts as the agency for the development of the financial center of the small nation.

CoinsPaid Total Transaction YTD Tops €16B despite Crypto Winter

CoinsPaid Total Transaction YTD Tops €16B despite Crypto Winter

Cryptocurrency processing platform CoinsPaid has shared an update on its performance in Q3, revealing it saw a two times growth in its transaction volume when compared to the same period of last year.

Fantom Foundation Lowers Staking Threshold to 50,000 FTM

Fantom Foundation Lowers Staking Threshold to 50,000 FTM

Fantom Foundation has reduced its validator staking requirement from 500,000 FTM to 50,000 FTM, aiming to boost network security and accessibility, following a June 2023 governance vote.

Bitcoin Network Transacts a Whopping $8.9 Billion in a Single Hour

Bitcoin Network Transacts a Whopping $8.9 Billion in a Single Hour

The Bitcoin network has reached an unprecedented level in terms of chain volume as it transacted 8.9 billion in one hour. Rafael Schultze-Kraft, Glassnode’s co-founder, ascertained that this movement made history because it was the highest hourly volume of Bitcoin to be recorded in its 11-year existence.

IRS Introduces New Form 1099-DA for Reporting Income from Digital Asset Transactions

IRS Introduces New Form 1099-DA for Reporting Income from Digital Asset Transactions

The US IRS has introduced Form 1099-DA for cryptocurrency brokers to report digital asset transactions, aiming to improve compliance and ensure accurate tax reporting from digital assets starting January 1, 2025.

Australian Banks Ordered to Report Crypto Transactions

Australian Banks Ordered to Report Crypto Transactions

The Australian Prudential Regulation Authority (APRA) has ordered local banks to report on cryptocurrency transactions amid concerns over the contagion of recent banking collapses, including that of Silicon Valley Bank (SVB). The regulator is seeking more information and insight into banking exposures to crypto assets and associated risks.

European Central Bank Considers Rolling Out Blockchain-Powered Bank Transactions

European Central Bank Considers Rolling Out Blockchain-Powered Bank Transactions

The European Central Bank (ECB) seeks to be ahead of the game by studying how blockchain-based bank transactions will enable more money control even if lenders change to distributed ledgers.

On-Chain Transactions Above $10 Million Skyrocket on the Bitcoin Network

On-Chain Transactions Above $10 Million Skyrocket on the Bitcoin Network

More large accounts or organizations are taking part in the Bitcoin network as on-chain transactions above $10 million have gone through the roof.

Uniswap Expands Mobile Footprint with Android Wallet Launch

Uniswap Expands Mobile Footprint with Android Wallet Launch

Uniswap has launched a beta version of its mobile wallet for Android on October 12, following the successful iOS app release in April. The Android wallet facilitates easier swaps on various chains without manual network switching, offers robust swap protection against frontrunning, and ensures a transparent fee structure for its users. The launch, part of a broader trend among decentralized exchanges, signifies the growing emphasis on mobile platforms in DeFi.

Reversing Censorship on Ethereum

Reversing Censorship on Ethereum

Ethereum presently has 47% OFAC-compliant blocks, the lowest since Oct 11.

Cash App Integrates TaxBit for Streamlined Crypto Tax Reporting

Cash App Integrates TaxBit for Streamlined Crypto Tax Reporting

Cash App has integrated TaxBit into its services, allowing Bitcoin holders to easily report their taxes. Cash App users can track their Bitcoin transactions for tax reporting purposes through TaxBit’s platform. TaxBit simplifies tax reporting for everyone who has integrated digital assets into their portfolio. The IRS set Jan. 23 as the start of the 2022 tax filing season and reminded taxpayers of their crypto income reporting obligations, including capital gains from trading, mining, and staking activities.

Huge Worries As Some Coinbase Customers Express Dissatisfaction Over $10 Maximum Daily Limit

Huge Worries As Some Coinbase Customers Express Dissatisfaction Over $10 Maximum Daily Limit

According to ongoing reports and speculation from some quarters in the cryptocurrency world, as regard allegations being brought against Coinbase, the United States San Francesco based cryptocurrency giant exchange and wallet service of restricting some clients to a maximum withdrawal of $10 per day.

Chainalysis Acquires Transpose to Bolster Blockchain Data Infrastructure and Accelerate Towards an On-Chain Future

Chainalysis Acquires Transpose to Bolster Blockchain Data Infrastructure and Accelerate Towards an On-Chain Future

Chainalysis, the leading blockchain data and analytics provider, announced the acquisition of Transpose, a prominent blockchain data and infrastructure firm.

Solana (SOL) Validators Approve "Timely Vote Credits" Proposal to Accelerate Blockchain Transactions

Solana (SOL) Validators Approve "Timely Vote Credits" Proposal to Accelerate Blockchain Transactions

Solana validators have approved a proposal called "Timely Vote Credits" to reduce consensus vote latency and incentivize timely votes, potentially speeding up blockchain transactions, before implementing the mechanism.

Bitfinex and Polygon zkEVM Facilitate Tether Gold Transactions

Bitfinex and Polygon zkEVM Facilitate Tether Gold Transactions

Bitfinex has integrated Tether Gold transactions via the Polygon zkEVM transport layer, marking a significant step towards cost-effective and secure digital asset transactions from October 11, 2023.

Bank of America Considers Bitcoin and Crypto Transactions to be Equivalent to Cash

Bank of America Considers Bitcoin and Crypto Transactions to be Equivalent to Cash

Bank of America is considering Bitcoin, Ethereum, and other altcoins to be cash equivalent, and will treat crypto-related transactions as cash advances. Adjustments to the fees in that category of transactions will also be made.

WeStreet Credit Union Opens Public Access to Cryptocurrency Trading Portal

WeStreet Credit Union Opens Public Access to Cryptocurrency Trading Portal

WeStreet Credit Union has introduced a Crypto Portal, offering a secure platform for buying, selling, and holding cryptocurrencies. Initially a members-only feature since August 2023, it opened to the public in October. Partnering with a Qualified Crypto Custodian, WeStreet provides a regulated, audited platform for cryptocurrency transactions, bridging the gap between traditional banking and the digital currency sphere.

Binance Informs Customers of Upcoming Service Disruption

Binance Informs Customers of Upcoming Service Disruption

Disruption begins February 1. U.S. Dollar-held bank account holders who use SWIFT to acquire or sell cryptocurrencies under $100,000 may be impacted. Binance needs a new SWIFT (USD) partner to prevent service delays.

New Bitcoin Lightning Network Vulnerability Exposed: The Replacement Cycling Attack

New Bitcoin Lightning Network Vulnerability Exposed: The Replacement Cycling Attack

A new vulnerability termed as "replacement cycling attack" on the Lightning Network has been unveiled by a developer known as mononaut. The attack manipulates the transaction mechanism of the network, potentially causing financial loss to users. This revelation has led to the resignation of security researcher Antoine Riard from the Lightning Network development team. Despite the challenges, the network's locked-in value stands at $159.5 million, indicating its growing popularity since 2018.

Okcoin Halts U.S. Dollar Deposits After Signature Bank Shutdown

Okcoin Halts U.S. Dollar Deposits After Signature Bank Shutdown

Okcoin has paused its U.S. dollar wire and ACH deposits due to the regulatory intervention in Signature Bank, Okcoin’s primary partner for customer transactions in dollars. The suspension extends to over-the-counter services, credit card transactions, and trading USD-crypto trading pairs. However, all corporate and customer funds are safe, and USD withdrawal is not affected. The processing pace will be subject to bank operation. All crypto deposit and withdrawal functions remain intact, including those of U.S. dollar-pegged stablecoins.

China Dismantles $2.2 Billion Underground Banking Operation Leveraging Cryptocurrencies

China Dismantles $2.2 Billion Underground Banking Operation Leveraging Cryptocurrencies

Chinese authorities have dismantled a $2.2 billion underground banking network that used cryptocurrencies to bypass financial controls, seizing $28,000 worth of digital currencies.

Blockchain Startup Developed Solution to Crypto's Irreversible Transaction Problem

Blockchain Startup Developed Solution to Crypto's Irreversible Transaction Problem

An Israeli startup has developed a new technology that could prevent the loss of funds caused by human error when sending Bitcoins or other digital assets. The mistake is common as wallet addresses are represented by a unique and random string of alphanumeric characters.

Suspicious Transactions Linked to Mixin Network Hack Involve Huobi and Binance

Suspicious Transactions Linked to Mixin Network Hack Involve Huobi and Binance

Cyvers Alerts has discovered suspicious transactions linked to the recent Mixin Network hack. Two hacker addresses received 51 ETH from an account that had interactions with Huobi Global and Binance. The watchdog has called on these exchanges to help identify the suspicious account as part of ongoing investigations.

ADB Launches Blockchain Project for Cross-Border Securities Transactions in APAC

ADB Launches Blockchain Project for Cross-Border Securities Transactions in APAC

Asian Development Bank (ADB) is going to initiate a blockchain-powered project to connect securities depositories and central banks in the APAC region.

StarkNet Updates 2024 Roadmap, Fee Reductions and v3 Transactions Highlighted

StarkNet Updates 2024 Roadmap, Fee Reductions and v3 Transactions Highlighted

StarkNet's 2024 roadmap update includes fee reductions, v3 transactions with STRK payment options, Ethereum EIP-4844 integration, and Volition mode, enhancing scalability and user experience.

India's Government Plans to Bar Cryptocurrency Transactions, but Allow Holding as Assets

India's Government Plans to Bar Cryptocurrency Transactions, but Allow Holding as Assets

India’s government believes that cryptocurrency is here to stay and the focus should entirely be on regulating it, not banning it.

SEC Charges App Developer Abra for Unregistered Security-Based Swaps

SEC Charges App Developer Abra for Unregistered Security-Based Swaps

Abra and Plutus Tech have agreed to a cease-and-desist order and a combined penalty of $150,000 after being charged by the Securities and Exchange Commission for selling unregistered security-based swaps to investors in 2019.

Coinbase CEO Criticizes Chase UK’s Crypto Transaction Ban

Coinbase CEO Criticizes Chase UK’s Crypto Transaction Ban

Coinbase CEO, Brian Armstrong, condemns Chase UK's restrictive stance on cryptocurrency transactions, urging UK crypto holders to close their Chase accounts. This move by Chase UK could potentially impede Coinbase's expansion plans in the UK and Europe.

Indian Banks Seeking Clarity from NPCI on the Use of UPI for Crypto Transactions

Indian Banks Seeking Clarity from NPCI on the Use of UPI for Crypto Transactions

NPCI’s formal directive on the use of UPI payment method for crypto transactions is unlikely to come soon.

ANZ Bank Pushes Customers Towards Digital, Faces Criticism

ANZ Bank Pushes Customers Towards Digital, Faces Criticism

ANZ Bank is facing criticism as it discontinues withdrawals and deposits from a number of Australian branches to encourage customers to use digital transactions. Critics suggest this could impact older customers and increase vulnerability to technical issues. This decision highlights the gradual shift towards a cashless society in Australia, with cash payments falling from 59% in 2007 to 27% in 2019.

Blockchain-Powered Cross-Border B2B Transactions to Surpass $4.4 Trillion by 2024

Blockchain-Powered Cross-Border B2B Transactions to Surpass $4.4 Trillion by 2024

According to Juniper Research, blockchain-enabled B2B cross-border payments will be more than $4.4 trillion by 2024. This will be a substantial rise from the current $171 billion.

The Reserve Bank of India is Expanding CBDC While Dismissing Privately Issued Stablecoins

The Reserve Bank of India is Expanding CBDC While Dismissing Privately Issued Stablecoins

The Reserve Bank of India (RBI) is planning to increase the number of Central Bank Digital Currency (CBDC) transactions to one million per day by the end of 2023, according to Deputy Governor T Rabi Sankar.

US FinCEN Files Show Deutsche Bank Tops List of Suspicious Transactions, So Cut Bitcoin Some Slack

US FinCEN Files Show Deutsche Bank Tops List of Suspicious Transactions, So Cut Bitcoin Some Slack

German central bank, Deutsche Bundesbank appears to have facilitated over one trillion dollars of suspicious transactions flagged by US FinCEN.

Ethereum Transactions Hit A Record-High of 1.4 Million

Ethereum Transactions Hit A Record-High of 1.4 Million

The Ethereum network has reached a notable milestone in its daily transactions after hitting an all-time high of 1,406,016 as availed by Etherscan data on September 17. It broke the previous record of 1.35 million attained on January 4, 2018.

Liquid Network: The Platform for the Fastest Bitcoin Transactions?

Liquid Network: The Platform for the Fastest Bitcoin Transactions?

Samson Mow is an entrepreneur and marketing strategist who is currently serving as the Chief Strategy Officer at Blockstream. In Part 2 of the interview, Samson unmasked the power behind Liquid Network, how Liquid transactions work and c-lightning on Liquid. He also shared the latest initiatives of Blockstream and his personal take of Bitcoin in 2020.

US Department of Homeland Security Can Now Trace Illicit Monero Cryptocurrency Transactions

US Department of Homeland Security Can Now Trace Illicit Monero Cryptocurrency Transactions

The United States Department of Homeland Security will now be able to track transactions of the most privacy-oriented cryptocurrency coin Monero (XMR).

Central Bank of Nigeria Bans Cryptocurrency Transactions, Says Crypto Breeds Illegal Activities

Central Bank of Nigeria Bans Cryptocurrency Transactions, Says Crypto Breeds Illegal Activities

The Central Bank of Nigeria (CBN) has once again doubled down on its efforts to ban cryptocurrency transactions stating they are a breeding ground for illegal activities.

FinCEN Warns Social Media Companies Involved in Crypto to be Vigilant Regarding Illicit Transactions

FinCEN Warns Social Media Companies Involved in Crypto to be Vigilant Regarding Illicit Transactions

The Financial Crimes Enforcement Network (FinCEN) has urged social media and messaging companies that are working with on cryptocurrencies to be vigilant about illegal transactions.

Trending topics