March 11, 2020

Bitcoin Quickly Bounces After Price Loses Crucial $7,700 Mining Support

March 11, 2020 boss

If you were around earlier this hour, you likely noticed the brief panic on Twitter when Bitcoin fell under $7,600; that was the lowest the cryptocurrency had traded at in literal weeks, not to mention it fell under crucial support. Though, over the past 20 minutes, the cryptocurrency has bounced, rapidly rallying from the low around $7,590 to as high as $7,805 as if investors had their fingers on the buy trigger. While seemingly irrelevant, as this was just Bitcoin rallying just over 2%, this small bounce was extremely important.…

Lightning-Fast New Bitcoin.com Wallet Proves Popular With Over 10 Million Wallets Created

March 11, 2020 boss

The Bitcoin.com Wallet app has reached almost 10.5 million wallets created across several million app downloads. This milestone follows last month’s release of the new app, which most notably included a redesigned, user-friendly interface along with the lightning-fast Instant Pay feature for bitcoin cash payments and support for SLP tokens. Also Read: Bitcoin.Com Releases Fastest Ever Wallet App, With Built-In Support for Bitcoin Cash-Powered Tokens From 5 to 10 Million Wallets in Less Than Half a Year The Bitcoin.com Wallet app has been one of the most popular wallets for…

Blockchain Africa Forges Ahead Despite Coronavirus Concerns

March 11, 2020 boss

The Blockchain Africa conference kicked off on Wednesday in Johannesburg, South Africa, despite rising concerns about the Coronavirus outbreak. South Africa’s first cases of COVID-19 were confirmed at the beginning of the month. As of March 11, thirteen South Africans have tested positive for the virus. Despite the relatively low infection rate in the country, the South African government has taken a proactive and cautious approach to the virus. They have based their considerations on the dire situation in countries like China and Italy. Nevertheless, the ongoing crisis and travel…

New York Crypto Companies Move to ‘Work From Home’ in Face of Rising COVID-19 Threat

March 11, 2020 boss

Kadena CEO Will Martino had already been considering abandoning his blockchain development company’s Brooklyn HQ before coronavirus came to New York City. The fast-spreading virus, however, recently convinced him the office had to go. On Feb. 21, he told his team to begin working from home. The New York Metropolitan area’s surging coronavirus count is forcing more of the region’s cryptocurrency and blockchain companies to prepare for an unsavory reality: Their offices may close without warning and their employees may need to begin working remotely. CDC officials say “social distancing”…

New York Crypto Companies Move to ‘Work From Home’ in Face of Rising COVID-19 Threat

March 11, 2020 boss

Human Rights Foundations Opens Door to Bitcoin (BTC) Donations

March 11, 2020 boss

The Human Rights Foundation (HRF) is now accepting donations in the form of Bitcoin (BTC). Using their own self-hosted BTCPayServer, the HRF will now be able to tap into the niche market to accept donations in a currency that has an ethos broadly in-line with their own, March 11, 2020. Bitcoin for the World Human rights, Libertarianism, and Bitcoin all go hand in hand. Bitcoin’s existence boils down to opposing authoritarianism by governments and separating money from the state. Accepting donations in Bitcoin goes a long way in aligning both…

Protecting Crypto Holdings Becoming Mainstream

March 11, 2020 boss

Insurance underwriters associated with Lloyd’s of London are now backing a new liability policy designed to protect cryptocurrency stored in online wallets. With a modest minimum of 1,000 British pounds ($1,275) in protected assets and rather flexible terms, the product seems to be geared for retail and corporate investors. But who is behind the novel service, and how will the policy work? Forces behind the innovation Despite the enthusiasm expressed in early media accounts for “insurance giant Lloyd’s backing crypto,” Lloyd’s of London is not an entity to which any…

Pornhub Will Integrate PumaPay Recurring Subscription Crypto Payments

March 11, 2020 boss

Although cryptocurrency payments still only account for a tiny fraction of revenue on adult entertainment sites, a new integration on the Pornhub platform is looking to finally deliver against expectations that have been running high for years. Pornographic websites and cryptocurrency seemed to be natural bedfellows: the latter promised discreet payment solutions for a web service that continues to attract massive audiences, while adult entertainment websites are often categorized as “high-risk” merchants, and subjected to higher fees by processors. In some cases, they are de-platformed completely. Despite the failures of…

Crypto Scams Pose More Risk Than Payments Fraud, Report Suggests

March 11, 2020 boss

Cryptocurrency scams in 2019 were more risky for U.S. residents than fraud involving romance or payments. That’s the conclusion of a report released last week by the Better Business Bureau (BBB), a nonprofit organization focused on marketplace trust. The report found an average dollar loss in crypto-focused fraud of $3,000 for victims aged between 25 and 44. The relatively high figure was the result of nefarious actors taking advantage of those who lacked foundational knowledge of digital assets, BBB said. Thirty-two percent of scams involved the exchange of cryptocurrencies for…

Crypto Lending, Explained | Cointelegraph

March 11, 2020 boss

Perhaps the best way to understand how these platforms and markets work is to run through the various ways in which users can participate in them, starting from the most basic and progressing to the most advanced. Single-platform, single-asset lending This is the most basic and most commonly used aspect of crypto-lending markets: lending. It’s helpful to check rates across platforms using a tracker like CoinMarketCap’s interest rate tool to find the best returns for the asset you wish to lend. In general, decentralized platforms tend to see high stablecoin…