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Federal Reserve Considers Creating a Separate Entity for Cash Injections
8.1.2020
While American President Donald Trump wages war with Iran, the U.S. Federal Reserve has continued to inject fresh capital into the hands of private banks by giving them $100 billion in overnight and 14-day repos on Tuesday. The same day, Rabobank strategist Philip Marey predicted the central bank...
Japanese Firms SBI and GMO Join the Digital Gold Rush in Texas
8.1.2020
The city of Rockdale, Texas is attracting attention again, similar to the interest the region saw back in the fifties when the Alcoa aluminum smelting facility set up shop. These days, Rockdale’s change is due to the influx of bitcoin miners coming to town from all around the world....
Binance Donates $1 Million in Crypto for Australian Bushfire Relief
8.1.2020
The cryptocurrency community is again showing its commitment to support charitable goals around the world. Binance, the most active international digital asset exchange, has donated $1 million to help with Australian fire relief efforts and invites the community to join the initiative. The recent...
Bitcoin Still Uncorrelated with Gold & Stocks; A New Trend Emerging?
8.1.2020
Bitcoin (BTC), the best performing asset of the last decade, ended 2019 on a far better note than both gold and the U.S. S&P 500 stock index, while still remaining uncorrelated to traditional assets, a new report from crypto exchange operator SFOX noted. However, there might be a new trend forming...
The 'January Effect' Pushes Bitcoin Above USD 8K, While Alts Drop Against BTC
8.1.2020
Source: iStock/da-kuk
After another strong rally on Tuesday, the most popular cryptocurrency, bitcoin (BTC) is back above USD 8,000 again, increasing its gains this year to more than 15%. Meanwhile, all major altcoins are in red against BTC today.
At pixel time (08:49 UTC), BTC trades at c....
Korean Presidential Committee Pushes to Make Cryptocurrency Mainstream
8.1.2020
A South Korean committee directly under the president has recommended several measures to the government that will make cryptocurrency mainstream. Emphasizing that “it is no longer possible to stop crypto asset trade,” the committee recommends integrating crypto into the country’s...
Bank Closures and Withdrawal Restrictions Anger Lebanese Citizens
8.1.2020
Lebanese citizens have been dealing with economic hardship, as the country’s central bank imposed customer withdrawal limits last October. The problems have continued over the last two months, as ATMs have stopped dispensing cash and bank branches close doors in fear of angry clients....
Kraken Reveals 49% Increase in Law Enforcement Investigations
8.1.2020
The publication of crypto exchange Kraken’s 2019 Transparency Report has provoked discussion about the scale of government surveillance. According to the report, Kraken received 710 requests last year (or two per day), impacting approximately 1,222 accounts. The report provides further...
Honk Launches Token Sale to Fund SLP-Powered Sports Betting Site
8.1.2020
The team behind one of the most active tokens in the SLP ecosystem is launching a crowd sale to fund the development of a new sports betting site. The platform will require no identification from either users or investors, and will pay dividends directly in bitcoin cash and a number of supported...
Bitmain Responds to Layoff Rumors From Ousted Co-Founder Zahn
7.1.2020
Ousted Bitmain co-founder Micree Zahn took to Weibo on Monday to speak out against a reported Bitmain “personnel optimization plan” which could purportedly see around 500 Bitmain workers dismissed by January 17. Chinese media broke the story last week citing inside sources at...
Bitcoin ETF May Be Approved in 2021 and Will Bring a Host of Benefits
7.1.2020
Source: iStock/dima_sidelnikov
American regulators are unlikely to green-light Bitcoin ETFs (Exchange-traded Funds) this year, but a China-based expert says that once approved, crypto ETFs will usher in a multitude of benefits to the industry.
Matthew Graham, CEO of the China-based advisory...
Market Update: Top Cryptos Face Strong Resistance Ahead
7.1.2020
On January 6, digital currency markets saw decent gains as the entire crypto market capitalization surpassed the $200 billion mark at 3:50 p.m. EST. Since then most cryptocurrencies have tested heavy resistance and a slew of assets are being held back. Moreover, crypto trade volumes have increased...
Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, India’s National Blockchain Seminar
7.1.2020
In this roundup, we cover several crypto-related actions by the U.S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws, South Korea’s tax clarification, India’s blockchain education, the IMF working with...
Bitcoin Rally Fuels Discussions What Comes Next
7.1.2020
Source: iStock/Photographer, Filmmaker, Designer
Bitcoin (BTC) has gone up over 4.6% in a day, and nearly double that in a week. Popular crypto analysts and traders are discussing this jump, but not many seem convinced that this particular rally will last, let alone lead to new all-time highs.
The...
Problems Escalate in Venezuela as Millions Rush to Spend Petros
7.1.2020
According to the Venezuelan government, millions of families have used the petro, the country’s national digital currency, to pay for goods and services. As shoppers rush to spend their coins, merchants are reportedly struggling, effectively forced to sell goods at a deep discount. At least...
Bravio to Develop fully Tokenized iGaming & Lottery Platform for LFE Group Holding
7.1.2020
Bravio Technologies Limited. ("Bravio" or the "Company") a lottery service provider that allows its national and international customers the opportunity to order and manage lottery tickets online, and the operator of FreeLotto.com, one of the largest online marketing and free member acquisition...
Bitcoin and Altcoins Look Primed for Further Gains
7.1.2020
Bitcoin price extended its gains above the USD 7,550 and USD 7,650 resistance levels, opening the doors for more upsides. Finally, BTC/USD surged above USD 7,850 and tested the key USD 8,000 resistance area. The price is currently (09:00 UTC) consolidating gains and dips are likely to remain...
How to Sell Anything for Bitcoin on Your Website
7.1.2020
Selling things for bitcoin online doesn’t have to be hard. In fact, it shouldn’t be, given the decentralized nature and low fees of peer-to-peer electronic cash. For beginners and DIYers new to the world of creating an online bitcoin or crypto marketplace, this article seeks to provide...
The Top 50 Crypto Memes of All Time
7.1.2020
Memes are the fuel that powers the cryptoconomy. Exploitable image macros, shareable acronyms, and obscure in-jokes are the stuff that crypto is made of. To mark the dawn of a new decade, news.Bitcoin.com has endeavored to catalog the crypto memes that came to define the last one. These are the...
Meet the Multi-Cryptocurrency PoS Device Eletropay
7.1.2020
On January 5, Bitcoin.com’s Executive Chairman Roger Ver introduced a bitcoin cash (BCH) point-of-sale (PoS) merchant solution created by the startup Eletropay. The crypto PoS device manufacturer aims to make cryptocurrency payments simple and secure “without the need to use mobile...