Tag Archives: News

The Venmo app – which is a division of PayPal – has agreed to let all users buy, sell and hold digital tokens. The news was announced earlier in the week, and many believe this will move cryptocurrencies deeper into mainstream territory. The Venmo App Has Said “Yes” to Crypto Beginning last Tuesday, Venmo users can invest in four mainstream cryptocurrencies. They are bitcoin, Litecoin, Ethereum and bitcoin cash. They can use these assets to purchase goods and services...

Office provider We Work has joined hands with popular cryptocurrency exchange Coinbase and digital currency transaction processor Bit Pay so that it can now accept payments in digital assets like bitcoin. We Work Is Joining the Ranks of PayPal and Tesla The idea of bitcoin and other digital currencies being used as payment methods has been around for quite some time. In fact, BTC and many other crypto assets were designed for this purpose – to one day knock fiat...

Bitcoin and cryptocurrencies are becoming more popular than ever, and now a company known as Unifi Money is set to offer what it is calling the Unifi Premier, a new credit card that will reward its users in gold, stocks and digital assets. Unifi Premier Is a New Kind of Crypto Card While not all the details regarding the rewards program are known at this time, Ben Soppitt – the CEO and founder of the company and the respective card – says that users are likely to be...

The cryptocurrency space has often been wrought with fraud, which has caused problems for both regulators and traders. In the state of Texas, a new crypto-based Ponzi scheme has come about that has ultimately caused the area’s securities commissioner to step in. There’s a New Crypto Ponzi Scheme in Texas Travis J. Iles has issued an emergency cease and desist order to stop what he is referring to as a fraudulent cryptocurrency trading program. Those allegedly guilty of...

Over the past few days, bitcoin has suffered somewhat, dropping in price from about $63,000 – the currency’s latest all-time high – to about $55,000 at press time. While many analysts believe that the currency has slipped due to exhaustion from the Coinbase listing on the Nasdaq, others feel differently, and point to other factors that may have contributed to the drop. Bitcoin May Have Fallen Due to a Power Outage Bitcoin has fallen by close to 20 percent over the past...

The United Kingdom and the Bank of England are looking into potentially unveiling a new bank-issued digital currency. The Bank of England Wants Its Own Version of Crypto There are several countries over the past few years that have been exploring the idea of utilizing bank-issued currencies to boost financial prowess. Among the only nations to have done so thus far is China, which drew back the curtain on its plans for the digital yuan as early as 2019. While the...

Does anybody even read TIME Magazine anymore? Who knows? But the magazine seems to believe it can boost readership by pairing up with Crypto.com to ensure that subscribers can pay for their subscriptions with digital currency in the future. TIME is Partnering with Crypto.com The idea of using cryptocurrencies to pay for items has always been a goal of bitcoin’s creators. Those behind the development of digital currencies had always pictured digital assets as payment...

China has had a very up-and-down relationship with bitcoin. The nation has often been rather harsh with the world’s number one digital currency by market cap, and yet in many ways, it holds a large stake in the digital currency market. Much of the world’s bitcoin mining operations stem from China; it houses the two biggest distributors of mining equipment in both Bitmain and Canaan Creative, and it was once one of the world’s largest purchasers of BTC. China Now Seems to...

The price of bitcoin has taken a horrible turn. The world’s number one digital currency by market cap – after reaching a new all-time high last week following Coinbase’s debut on the Nasdaq – has dropped roughly $8,000 in just a matter of days that has brought the asset down to roughly $55,000 per unit at the time of writing. It was recently trading as high as $63,000. Bitcoin Falls Following an End to Coinbase Hype In addition to bitcoin, other major altcoins including...

Bitcoin cash price failed to stay above $1,000 and declined heavily against the US Dollar. The price is now trading well below the $850 support level and the 55 simple moving average (4-hours). There was a break below a major contracting triangle with support near $910 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair is likely to continue lower towards the $650 and $600 support levels in the near term. Bitcoin cash price is gaining pace below...