Block signage on the floor of the New York Stock Exchange in New York on Jan. 3, 2022. Photographer: Michael Nagle/Bloomberg May 4, 2022, 7:11 PM; Updated: May 4, 2022, 11:27 PM Judge invalidated patent covering digital discounts Financial services companies like Visa also sued Block Inc. has been freed from a patent-infringement suit claiming that…
The Bank for International Settlements (BIS) announced yesterday that Australia, Malaysia, Singapore, and South Africa have agreed to test cross-border payments using central bank digital currencies (CBDCs) in late 2021 and early 2022. The effort has been dubbed Project Dunbar, an apparent reference to Dunbar’s number, which states that humans can only maintain 150 stable…
Amazon has denied a report that claimed it would start accepting Bitcoin payments soon, and in the process, it might have slowed the cryptocurrency’s rebound. UK newspaper City A.M. reported Monday that Amazon planned to accept Bitcoin payments “by the end of the year.” The report’s anonymous source also said “Ethereum, Cardano and Bitcoin Cash…