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On Friday, the Turkish central bank introduced a ban on performing payments with cryptocurrencies, citing several concerns such as their possible use for illegal activities. The ban will go into effect on April 30th. The Turkish lira has hit record lows in purchasing power over the past months, putting pressure on Turkey's President Tayyip Erdogan. To avoid further capital flight out of the native currency, the central bank passed the new law, called "Regulation on the Disuse of Crypto Assets i

It happened. After weeks filled with headlines and anticipation ahead of Coinbase’s direct listing on NASDAQ, the stock is now live — although the launch didn’t prove quite as successful as many had expected. About two weeks after the initial announcement, Coinbase gave its long-awaited stock market debut on Wednesday, securing the ticker symbol COIN. Although it is often referred to as an IPO, Coinbase actually pursued a direct listing. Unlike in an IPO, starting with a direct listing means cu

On Tuesday, privacy-focused messenger Signal published a blog post introducing a number of beta features, among them "Signal Payments," which it described as “a new feature that enables you to send and receive privacy focused payments.” To facilitate these payments, Signal uses payment network MobileCoin, which — as the name suggests — comes with its own coin (MOB). The new payment beta will initially be available to users in the UK. Unsurprisingly, the move had many Signal users confused. Wher

Fidelity, Square, Paradigm, and Coinbase are joining forces in a new lobby group seeking to help shape Bitcoin regulation, according to a press release published on Tuesday. The Crypto Council for Innovation (CCI) says it seeks to "unlock the promise of crypto." Referring to itself as a "new alliance of crypto industry leaders," the newly formed council has set out to lobby regulators and policy makers to encourage "responsible crypto-related public policy." But there’s more than just policies,