Day: November 28, 2019

TV Host Refusing Free 100 Bitcoin Because It’s Worthless Is Hypocritical

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A TV personality in China refused to accept 100 bitcoin for free in 2014. Five years later, he was again offered free BTCs but again, he refused. Bitcoin performs better than fiat currency in the four properties of sound money. If you were offered 100 bitcoin for free, would you hesitate to jump on the opportunity? Chances are, you won’t think twice to supercharge your stockpile of satoshis. With bitcoin trading around $7,000, 100 BTCs is worth $700,000 Well, a certain professor and TV host in China was offered 100…

Binance to Launch Crypto Travel Rewards Card with Startup TravelByBit

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Major cryptocurrency exchange Binance announced in a blog post on Nov. 28 that it partnered with crypto travel startup TravelByBit to launch a rewards card that facilitates crypto payments on major travel websites. Per the announcement, the card will function like a traditional prepaid card with access to additional discounts and rewards that users will be able to load with Bitcoin (BTC), Binance USD (BUSD), Binance Coin (BNB) and Ontology (ONT). The card will be released early next year and will initially target travelers in the Association of Southeast Asian…

Bitcoin Price & Technical Analysis: BTC Has Grown and Stopped

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By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. BTC/USD tech analysis Bitstop is propelling the Bitcoin terminals The BTC will become successful only if it is used in real life — Bakkt On W1, the Bitcoin keeps developing an impulse of decline inside the renewed channel. It seems that the market participants are playing the last quick growth balancing the price. Perhaps the new ascending impulse coming soon will not be as large, however, before that we will see the renewal of the minimum. The current bearish behavior of the price…

South Korean Crypto Exchange UPbit Admits 342K ETH (~$50M) Theft

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UPbit, South Korean cryptocurrency exchange, has recently posted a statement on its official website, confirming a cyberattack that resulted in the robbery of approximately $50 million in virtual assets. The statement was posted on 27th November, when UPbit informed users about the suspension of its services related to deposit and withdrawal of cryptocurrency. The crypto exchange also revealed in the post that over 342,000 of Ethereum (ETH)trade was seized and stolen from Upbeat’s Ethereum hot wallets, and transferred to a previously unidentified wallet address. The hackers’ haul turned out to…

Credits Blockchain Announces Mainnet Swap. Time to Replace Ethereum Protocol

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The token issuance market is currently dominated by ERC-20 standard tokens issued on the basis of the Ethereum protocol. Credits is a new infrastructure provider acting as a public blockchain platform for tokenization. After 2 years of hard work for development of the company’s product infrastructure, Credits is ready to shine. This is confirmed by the recent official announcement about the upcoming token swap. The process will take place through the KuCoin cryptocurrency exchange and will begin on the 20th of December, 2019. 1 CS ERC-20 token after exchange would…

Facebook Should Drop Libra and Support Third-Party Stablecoins

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Blockchain researchers at online brokerage eToro have argued that Facebook should look to support third-party stablecoins, not Libra. According to a Nov. 28 report from Finextra, eToro’s blockchain research unit eToroX Labs believes that while Facebook’s crypto project offers a “trailblazing opportunity” to disrupt financial services worldwide, the social media giant needs to change its strategy to assure success. Facebook should focus on wallet infrastructure Distrust and forceful opposition have plagued Facebook’s project since its inception — prompting American politicians to recast Libra derisively as “ZuckBucks.”  Yet eToroX Labs’ researchers…

Security Token Offerings: The Next Big Thing in Fintech

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Security token offerings are beginning to provide stiff competition to IPOs. Could they become the norm? For businesses about to embark on periods of rapid growth, access to capital is essential. That said, traditional methods of fundraising sometimes leave a lot to be desired. Initial public offerings can help boost the profile of fledgling brands, but they are often costly — with middlemen taking a sizeable cut out of the money generated. Cryptocurrencies and blockchain have upended the status quo, removing intermediaries from a plethora of businesses that we all…

Bitcoin ATMs Installed at 5 Major Malls in the US

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After installing a bitcoin ATM at Miami International Airport, Bitstop installed cryptocurrency ATMs at five major malls in multiple U.S. states. The malls are operated by Simon Property Group, the biggest shopping mall operator in the country. Customers can buy bitcoin while doing their Black Friday and Christmas shopping. Also read: Crypto ATMs Proliferate – 6,000 Installed and Counting Bitcoin ATMs at Simon Malls Miami-based bitcoin ATM producer Bitstop announced on Tuesday that it has installed bitcoin ATMs at five major malls in the U.S. One is located in California…