The Bitcoin.com team is excited to announce integration of Ethereum into the Bitcoin.com Wallet. That means anyone can now buy, receive, store, trade, and send ether (ETH) with the convenience and security of the industry’s most user-friendly, non-custodial wallet. How It Works When you open the Bitcoin.com Wallet, you’ll now see the Ethereum section in …
Author archives: Adam Owen
Home Crypto Mining Spikes in Brazil Amid Record High Unemployment
With rising unemployment rates and rampant economic uncertainty, in the wake of the Covid crisis, a growing number of Brazilians are finding an alternative income source in cryptocurrency mining. GPU rigs have been spotted even in favelas as a relatively small investment can return more than the average salary in Brazil. Pandemic and Uncertainty Turn …
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Bitcoin Price Prediction: BTC/USD Struggles Finding Support
Bitcoin Price Prediction – May 31The present downward movement in the market exhibits that BTC/USD struggles finding support around a lower trading zone below the level of $35,000. Quite about a couple of days’ sessions back, the crypto has continually hovered around the level to now trade at a point of $36,744 at a 1.23% …
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Druckenmiller: Ethereum is ‘MySpace before Facebook’ while Bitcoin won as ‘Google’
Those with skin in the game are reiterating that comparing Bitcoin to Ethereum is a pointless and potentially costly exercise. Bitcoin (BTC) is at risk of a “flippening” from Ethereum (ETH), mainstream media claims as some familiar “FUD” returns to the spotlight. As BTC/USD continues to flag below $40,000, an old argument has resurfaced — …
Japanese watchdog issues warning to crypto derivatives exchange Bybit
The warning comes in response to Bybit’s marketing campaign that reportedly targeted Japanese investors. Singapore-based Bybit, the world’s fifth-largest cryptocurrency derivatives exchange by trading volume, has allegedly been running unregistered crypto services in Japan, according to an official warning. The Japan Financial Services Agency issued a formal warning letter to Bybit stating that the firm is …
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How artificial intelligence can enhance blockchain platforms
AI and blockchain are rarely utilized together — but combining these technologies could unlock a plethora of use cases. Artificial intelligence and blockchain are both touted as technologies that will lead our future. But here’s the problem: They’re like oil and water. While innovative in their own right, there’s a noticeable lack of interconnectedness — …
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Bitcoin accumulation uptrend can create a 2013-style BTC price ‘double pump’
Long-term Bitcoin holders remain unfazed by the recent sell-off, but there is still one alarming sign. A recent run-down in Bitcoin’s (BTC) price from about $65,000 to as low as $30,000 did not force long-term holders into selling, Glassnode data shows. The on-chain analytics platform revealed a spike in Bitcoin reserves held in wallets with …
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Crypto firm, Coincheck, Plans to Launch First IEO in Japan
Coincheck has announced its plans to carry out an Initial Exchange Offering (IEO) this summer. The IEO will be of Hashpalette, a firm that Coincheck had partnered with in August last year as part of the plan to start its venture through the IEO. IEO of Coincheck An IEO is a process where a crypto …
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Ed Carpenter Emerges Fifth on Indy500 Using Bitcoin Chevrolet
Ed Carpenter, a renowned US automobile race driver, has just emerged fifth on the Indianapolis 500. He competed in the race using his Chevrolet that he had pimped with the Bitcoin logo. Indianapolis 500, shortly known as Indy500, is a popular racing event in the United States. The race was the 105 season of the …
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Court denies SEC access to Ripple’s legal advice
Ripple’s legal battle with U.S. regulators continues. Ripple has scored another win in its ongoing legal battle against the United States Securities and Exchange Commission as the court has denied the SEC access to Ripple’s legal advice. Magistrate Judge Sarah Netburn of the District Court for the Southern District of New York ruled Sunday to …
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Digital yuan conceived to counter Alipay-like platforms, says former PBoC executive
Chinese “crypto dad” and ex PBoC director Yao Qian insists digital yuan is not a surveillance tool for the government. China’s digital yuan will utilize smart contracts, and will be built to counter Alipay-like payment platforms designed by the privately-owned conglomerates, former People’s Bank of China director Yao Qian said. Speaking at the International Finance …
Bitcoin ‘of great concern,’ Ireland’s central bank official warns
Cryptocurrency investors should be ready to lose all their holdings, according to Ireland’s central bank financial conduct director. Ireland’s central bank director general for financial conduct is the latest official to point out issues of Bitcoin (BTC) and the cryptocurrency industry following a major market sell-off. The growing popularity of cryptocurrencies like Bitcoin is “of …
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South Korean Financial Supervisory Service Tasked With Crypto Market Oversight
The Financial Supervisory Service of South Korea will lead government efforts to oversee the country’s expanding cryptocurrency market. The agency has been tasked with the job after prolonged discussions over which Korean regulator should be responsible for the industry. Financial Supervisory Service Takes Responsibility for Crypto Sector in Korea It took the government months to …
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Central Bank of Brazil Issues Guidelines for Its CBDC
The Central Bank Of Brazil, the highest monetary authority of the country, has released a note listing the general guidelines for the design of a hypothetical central bank digital currency (CBDC) for the country. While there are still no concrete steps taken in this direction, at least the document recognizes there have been discussions about …
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Sichuan Energy Officials Plan to Meet in June to Discuss Bitcoin Mining Implications
Ever since government officials in China started talking about cracking down on bitcoin mining and reiterating crypto guidelines from 2017, digital currency proponents and the media have been focused on this region. Just recently, a Chinese state-backed online publication revealed that the Sichuan Energy Regulatory Office plans to hold a meeting on June 2, 2021, …