The European Union’s competition commission has handed
Mastercard a €570 million ($648 million) fine for artificially raising
payment processing fees in breach of antitrust laws, according to an
online statement published on Jan. 22. Mastercard forced merchants to
pay exchange fees in their countries of residence, forestalling their
access to banks with lower fees elsewhere in the EU.
In this edition of The Daily, the Polish financial watchdog has
authorized two crypto companies to operate as payment service providers
and a bank in the Netherlands now offers crypto storage to its clients.
Also, recently leaked images show the long-awaited Samsung S10 may
indeed come with a cryptocurrency wallet.
The current market environment has caused several cryptocurrency
companies such as exchanges, and miners to cancel growth plans,
downsize their operations or even completely shut down. A massive new
fund reportedly in the works is designed to help such struggling firms
with much-needed finance until the situation improves and they return to
Bitfury announced during the World Economic Forum in Davos that
Satoshi Nakamoto’s Bitcoin whitepaper has been translated into Arabic
and Hindi for the first time. The translations of the paper “Bitcoin: A
Peer-to-Peer Electronic Cash System” can now be read by the millions of
people around the world who speak these languages.
It is a premiere expected by many and crypto enthusiasts have become part of the impatient crowd. The long-awaited 10th anniversary edition of Samsung’s flagship smartphone will reportedly come in different versions, including one with 5G connectivity, which will have up to six cameras, front and rear. According to newly leaked images, it will also feature a cryptocurrency wallet.
In Friday’s installment of The Daily, we round up the latest
debate over whether market cap should be used to rank cryptocurrencies.
Members of the Ripple community are up in arms over new data that
suggests their token’s market cap should be billions of dollars lower
than currently stated. We also detail the latest update to the
Binance-owned Trust Wallet, and take in a dash of drama from crypto
University of Illinois at Urbana Champaign (UIUC) released a
unique study concerning the longevity of certain proof of stake (PoS)
networks. According to the research, more than 26 PoS blockchains could
suffer from vulnerabilities called “Fake Stake” attacks.