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$1,200 US Stimulus Check Is Now Worth Almost $3,000 If Invested In Bitcoin

November 14, 2020 , , , , , , , , , , Eddy 0

It has been roughly seven months since the US government sent the first stimulus checks worth $1,200 to many citizens. Interestingly, that amount would now be worth nearly $3,000 if invested in Bitcoin as the asset price has significantly appreciated since then, unlike the dollar. Stimulus Checks: The History World governments were caught by surprise […]

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The Largest Bank In Belarus Launched A Cryptocurrency Exchange Service

The Largest Bank In Belarus Launched A Cryptocurrency Exchange Service

November 14, 2020 , , , , , Eddy 0

The largest bank in Belarus – the ASB Belarusbank – has reportedly launched a legal service enabling customers from the country and Russia to purchase cryptocurrencies. Users will be able to exchange digital assets for Belarusian and Russian rubles, US dollars, and euros directly with their Visa payment cards. Belarusbank To Allow Crypto Purchases According […]

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Akon’s AKN Token 20% Below Listing Price on Bittrex With Negligible Volume

November 14, 2020 , , , , Eddy 0

The famous hip hop artist Akon has announced that the digital asset Akoin has been listed on Bittrex, and trading has started earlier this week.  Akon and Akoin’s co-founder and president Jon Karas called the addition a “major milestone” in a recent livestream. The rapper believes that more exchange will follow the example set by […]

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Bitcoin Plunges Below $16,000, Correction Started? (Market Watch)

Bitcoin Plunges Below $16,000, Correction Started? (Market Watch)

November 14, 2020 , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

After marking a new yearly high of $16,500, BTC now seems to be retracing. The cryptocurrency dropped to as low as $15,750 and recovered to where it’s currently trading at $15,880. Most altcoins are following suit. The Correction Begins? There’s a saying for traders that goes – ‘what goes up, must come down.’ In other […]

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Coinbase To Facilitate Bitcoin Payments For Select U.S. Passport Services

November 13, 2020 , , , , , , , , , Eddy 0

Bitcoin payments for passport services? You read that, right! In a first, a nearly 50-year-old U.S based passport and visa processing firm, Peninsula Visa, will now be accepting BTC for select passport services. Coinbase’s crypto payments arm, Coinbase Commerce, will be assisting the company in the same. Peninsula Visa Is Now Accepting Bitcoin For Passport […]

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Bitcoin Dominance At a 5-Month High as Altcoins Take a Beating (Market Watch)

Bitcoin Dominance At a 5-Month High as Altcoins Take a Beating (Market Watch)

November 13, 2020 , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin marches confidently towards new yearly highs while most alternative coins have failed in pursuit. Consequently, BTC’s dominance over the market has climbed above 65%. Red Dominates The Altcoins On a 24-hour scale, most alternative coins have either decreased in value or remained stagnant. Ethereum initiated a leg up towards $470, but the bears didn’t […]

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PayPal Enables Eligible US Customers to Buy, Sell, and Store Bitcoin

November 13, 2020 , , , , , , , , , , Eddy 0

The giant online payment processor announced yesterday that all “eligible PayPal account holders in the US can now buy, hold, and sell cryptocurrency directly with PayPal.” The update of the original statement reads that users can interact with digital assets from their PayPal application or through their desktop accounts. The cryptocurrency community remains split in […]

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BitMEX To Enhance Its Trade Surveillance and AML Capabilities Following CFTC Fiasco

November 12, 2020 , , , , , , , , Eddy 0

The popular Bitcoin derivatives exchange BitMEX has taken a step towards improving its trade surveillance and AML efficiency endeavors by collaborating with Eventus Systems. Founded in 2013, Eventus is a global provider of multi-asset trade surveillance and market risk solutions.  BitMEX will integrate the cloud-based version of the Eventus Validus platform with its already existing […]

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Bitcoin Bull Chamath Palihapitiya’s Social Capital Will Fund Crypto Investors to Generate Returns for Them

November 12, 2020 , , , , Eddy 0

The US-based venture capital firm Social Capital will launch a new program enabling investors from all backgrounds to employ the company’s resources to generate “outsized returns on an initial capital base of millions of dollars.” SC’s founder and CEO, Chamath Palihapitiya, announced the new venture called Emerging Managers on Twitter. He highlighted several issues new […]

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Higher Compliance Costs for Bitcoin Holding Companies Under Biden Presidency, Ripple CEO Forecasts

November 11, 2020 , , , , , , , , , , , , Eddy 0

Brad Garlinghouse believes that bitcoin holding companies will soon be affected by new policies from the Biden-led administration. Bitcoin Will be Subject to Climate Change Management Policies According to a tweet on Monday (November 9, 2020), Ripple CEO Brad Garlinghouse has envisaged that Bitcoin holding companies might come under scrutiny once the Biden admin begins […]

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