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Tag Archives: Bitcoin Adoption

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

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 Services In an official press release, Peninsula Visa announced its plan to integrate bitcoin payments for selected...

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Bitcoin Has a Lot of Attraction as a Store of Value: Billionaire Investor Druckenmiller

It’s another bigshot score on the store of value front for Bitcoin. Billionaire hedge fund investor Stanley Druckenmiller just admitted holding BTC on national television in an interview with CNBC. The bigshot money manager also has positions in gold, but he is considerably bullish on the world’s first cryptocurrency. “If the gold bet works, the Bitcoin bet will work better.” In the latest interview with CNBC’s Kelly Evans, a billionaire hedge fund manager, said that he owns...

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Crypto ATMs Grew 80% in 2020. Every Hour There’s a New Machine Installed

Startups have taken note of the growing interest in cryptocurrencies, seizing the opportunity to position themselves in the market and Crypto ATM manufacturers are expanding more than ever. According to figures from the metrics website Coin ATM Radar, so far in 2020, there has been a growth of more than 80% in the deployment of new crypto ATMs. This is almost 3 times the amount reported at the beginning of 2019. Crypto ATMs Spread All Over The World The world welcomed 2020...

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Renowned Indian-American Author Deepak Chopra May Buy Bitcoin

Deepak Chopra’s name is synonymous with meditation, mindfulness, and healing through healthy living. And according to the latest update, the world-renowned author and thought-leader is considering buying bitcoin. Mr. Chopra is also about to launch ‘Love in Action,’ his own blockchain-based token. Deepak Chopra Officially Enters The Blockchain Space It is important to note that Mr.Chopra had already stoked the ire of Ethereum bigwigs more than 2 years ago for being announced...

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Bitcoin-Friendly Avanti Receives License to be The Second Crypto Bank in The US

Now the United States can boast a new crypto bank: Welcome Avanti. Avanti Financial Group, a firm founded by the former managing director at Morgan Stanley, Caitlin Long, announced that it had been granted a license to offer banking services by the Wyoming State Banking Board. Avanti is The Second Crypto-bank Operating in the United States With this decision, Avanti becomes the second crypto company to receive a banking license after the crypto exchange Kraken was also...

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Grayscale Study: COVID-19 Made Bitcoin Even More Attractive To US Investors

The number of US-based investors interested in Bitcoin continues to increase according to Grayscale’s Investment 2020 report on the cryptocurrency. The leading digital asset manager also noted that the COVID-19 pandemic has exemplified Bitcoin’s merits and made it even more captivating to investors. US Investors’ Growing Interest In Bitcoin Titled “Bitcoin Investor Study,” Grayscale’s 2020 research aimed at shedding some light on US investors’ perception of Bitcoin and how it...

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North America and Europe Control 88% of All Lightning Network Nodes, Research Finds

As Bitcoin adoption grows more and more, concerns about the need for scalability solutions increase. Lightning Network is the most important layer-two development currently available on the Bitcoin blockchain, and it seems that North Americans are the favorite demographic for this efficiency-focused micropayment solution. The Lightning Network is a layer-two solution currently under development. It focuses on the creation of channels between peers that allow for almost...

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Bitcoin Price Could Triple Even After a Modest Switch From Gold, JP Morgan Says

Despite having a complicated past, it seems that JP Morgan’s love for Bitcoin is growing every day thanks to its potential as an investment and store of value. In a recent report, the American bank shared with its investors an analysis of Bitcoin’s current situation and possible future scenarios regarding prices and fundamental value. The bank explained that under the current conditions, Bitcoin has a good chance of increasing its price. JP Morgan Believes Bitcoin Could be an...

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Fidelity Explains How Bitcoin Could Grow Into a Trillion-Dollar Market

In times of pandemic, uncertainty, and risk, exposure to new of investments is more a necessity rather than a recommendation. According to Fidelity, one of the largest brokers in the U.S., Bitcoin is an excellent investment for those considering to exit banks and enter the markets.In October 2020, Fidelity Digital Assets, a branch of Fidelity focused on the crypto markets, released a report named “Bitcoin Investment Thesis: Bitcoin’s Role As An Alternative Investment.” In it, they analyze...

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Venezuela Buys 71 Tons of Paper to Print More Cash

The government of Venezuela does not know what else to do to control its economy and is trying to save its financial life by doing what all the world governments are doing: printing more money… A lot of money.Sources close to the Venezuelan government revealed that the country’s Central Bank has just bought 71 tons of paper to print money. Experts believe this new batch of paper will supply the country’s demand for bills of the highest possible denomination: 100,000 sovereign Bolivars —or the...

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