“Telecom Giant Now Accepts BTC Payments”
Colossal mainstream telecom provider AT&T announced it now accepts Bitcoin payments for bills, via BitPay. BitPay will now appear as a payment choice when clients pay online or through myAT&T app usage. In the fall of 2018, the crypto space also saw Ohio take a shine to Bitcoin, allowing residents to pay their taxes in the asset, via BitPay. Mainstream adoption for cryptocurrencies is at the doorstep of the industry, with big businesses utilizing blockchain, mainstream entities looking to trade crypto and new entities, such as AT&T, now allowing bitcoin as a payment method.
“SEC Sues a Crypto Ponzi Scheme Operator”
The U.S. Securities and Exchange Commission (SEC) is suing a California resident on charges of selling unregistered securities and conducting a Ponzi scheme disguised as a cryptocurrency. The SEC announced Thursday that it had filed for an injunction against Daniel Pacheco, claiming that he sold unregistered securities through IPro Solutions LLC and IPro Network LLC, giving investors “points” which they could theoretically convert to PRO Currency, a digital asset affiliated with the companies. Pacheco allegedly raised $26 million through the scheme.
“Robinhood Officially Launches Crypto Trading in New York”
As of today, New Yorkers can officially invest in cryptocurrencies on Robinhood Crypto. Currently, you can invest in seven cryptocurrencies on Robinhood Crypto: Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, Ethereum Classic, Litecoin, and Dogecoin. You can also track price movements and news for those and 10 additional cryptocurrencies. With New York, Robinhood Crypto is now available in 39 states.
“Russian Central Bank Mulling Over Launching a Gold-backed Cryptocurrency”
Russia’s central bank, the Bank of Russia, will consider issuing a gold-backed cryptocurrency, Russian news agency TASS reports May 23. Elvira Nabiullina, the head of the Bank of Russia, revealed that the bank may be interested in creating a gold-pegged crypto for conducting mutual settlements with global jurisdictions. However, Nabiullina claimed that she believes that it is more important to develop international settlements using national currencies. Speaking at a meeting of the State Duma, the bank’s governor cited a successful example of using national currencies in settlements under the framework of the Eurasian Economic Union (EAEU), noting that the development demonstrated good dynamics.