Brian Brooks, the acting head of the Office of the Comptroller of the Currency (OCC) under Donald Trump’s administration, noted in a Wall Street Journal report today that he would be working as Binance US CEO on May 1, 2021. Brooks’ Career at the OCC During his tenure as acting head at the OCC, Brooks was friendly toward cryptocurrencies despite Trump’s public dislike for the asset class, especially Bitcoin. The regulator’s support for crypto assets earned him the title...
Read More »Venmo to Introduce Crypto Features to Its More than 70 Million Users
In the press release, Venmo said that all crypto transactions are managed in the Venmo app. PayPal-owned mobile payment service Venmo has introduced crypto services on its app. With the newly-added feature, Venmo users can now buy, sell, and hold cryptocurrencies with as low as $1. Venmo’s more than 70 million users will be able to explore the crypto option on their Venmo mobile app. The payment service announced the launch of crypto on its app in a press release published on the 20th of...
Read More »WeWork to Start Accepting Cryptocurrencies for Payments
WeWork, one of the leading flexible workspace providers in the world, is jumping on the cryptocurrency bandwagon. A new release shared by Reuters revealed that WeWork would begin accepting select cryptocurrencies for payments. In a detailed blog post, WeWork also revealed that it will work with BitPay to process payments and will accept Bitcoin, Ethereum, USDC, and Paxos. This comes shortly after Venmo – PayPal’s mobile payment service, enabled more than 70 million users to...
Read More »Dogecoin Multiplies Its Market Cap to $50B, DOGE Price Close to $0.4
Dogecoin market cap has overtaken that of well-established companies like Barclays, Credit Agricole and ING despite the 15% pullback. Dogecoin (DOGE), a meme-based cryptocurrency has after grabbing headlines with a $30 billion market cap nearly double that value with a current market cap of $50 billion. The price of Dogecoin is currently around $0.4.This incredible performance has placed the digital asset way above the likes of Bitcoin Cash, Tether, Cardano, Polkadot, and Litecoin to seal...
Read More »Biden Administration Reportedly in Early Stages of Readying Regulation for Bitcoin
With Bitcoin (BTC) gaining widespread adoption globally, the United States government is reportedly in the early stages of developing regulatory guidelines for the popular cryptocurrency and the entire crypto industry. Sources familiar with the matter told FOX Business’ Charlie Gasparino that the upcoming regulation, which will focus on crypto infrastructure and taxation, is being led by the Treasury Department Secretary, Janet Yellen, and her deputy, Wally Adeyemo. Upcoming...
Read More »Türkei verbietet Kryptozahlungen und Bitcoin lässt Federn
Schon zum Ende der letzten Arbeitswoche hat es in der Türkei einen entscheidenden Vorstoß beim Kampf der Regierungen gegen Cryptocoins gegeben. Konkret wurde ein Gesetz verabschiedet, welches Zahlungen mit Cryptocoins im Land verbietet – der BTC verlor ungefähr 20 Prozent. Bitcoin News: Türkei verbietet Kryptozahlungen und Bitcoin lässt FedernEine weitere Rallye schob Bitcoin gerade erst auf ein neues Allzeithoch, da machten Meldungen aus der Türkei den Investoren einen Strich durch die...
Read More »Deux clients Bitcoin en concurrence pour l’activation de Taproot
Taproot, mise à jour du protocole Bitcoin introduisant des smart contracts compacts tout en offrant plus de confidentialité, se rapproche de l’activation. Le code de Taproot lui-même a déjà été inclus dans la dernière version majeure de Bitcoin Core (Bitcoin Core 0.21.0), qui est actuellement l’implémentation de référence de facto du protocole Bitcoin. L’étape suivante consiste à activer ce code. En raison de désaccords techniques et...
Read More »Cardano (ADA) Price Analysis: Risk of More Downsides Below $1.05
ADA price started a strong decline from well above the $1.350 level against the US Dollar. The price is now well below the $1.300 support and the 55 simple moving average (4-hours). There was a break below a key contracting triangle with support near $1.305 on the 4-hours chart (data feed via Bitfinex). The price is likely to continue lower below the $1.100 and $1.050 support levels. Cardano price is declining and trading well below $1.200 against the US Dollar, similar...
Read More »Rothschild Investment Buys $4.75M in Shares of the Grayscale Ethereum Trust
Asset manager Rothschild investment Corp has acquired 265,302 shares from the Grayscale Ethereum Trust, a purchase worth $4.75 million. According to an SEC filing on April 15, the firm also bought an additional 8,000 shares of the Grayscale Bitcoin Trust (GBTC), now owning a total of 38,346 shares. Not The Rothschild You Think Rothschild Investment Corp has nothing to do with the Rothschild family, but many in the community are still confused. Founding members Monroe...
Read More »Tesla Has Already Made a Lot of Money on Its BTC Investment
It has only been about ten weeks since Tesla – the electric car company developed by South African entrepreneur Elon Musk – first purchased more than $1.5 billion in BTC units, and already the purchase appears to be making a serious dent in the country’s finances. Thus far, the company has managed to rake in more than $1 billion in profit thanks to its newfound love of the world’s number one digital currency by market cap. Tesla Is Raking in the Dough Last February, the...
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