Scottish Coldplay bass artist, Guy Berryman, has joined the crypto space, funding a Bitcoin (BTC) exchange application called Zumo. “Covid-19 has fast forwarded the move to a cashless society and for safe and easy ways to invest in new forms of currency that are more resilient to crises such as this one,” Zumo CEO and founder Nick Jones told the Edinburgh News. The app is a basic avenue into Bitcoin Zumo touts basic Bitcoin functionalities, allowing users to buy, sell, transact and store BTC, the May 21 Edinburgh News article detailed.…
Month: May 2020
Cryptocurrency News From Japan: May 17
This week’s headlines from Japan included BitBank exchange adding three trading pairs, Bitpoint exchange posting decreased fiscal year totals, Bitpoint adding information on its 2019 hack, and Binance donating masks to Japanese nursing homes through its charity arm. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. BitBank adds three more asset pairings Japan’s BitBank exchange gave details this week on three upcoming additional trading pairs. The platform originally unveiled the fresh pairs in late April. On May 24, BitBank will complete a four-hour offline…
Where Are the Bitcoin Pizza Coins Now?
Today marks the 10th anniversary of Bitcoin’s first official commercial purchase. On May 22, 2010, programmer Laszlo Hanyecz completed the first documented commercial Bitcoin purchase, paying 10,000 for two Papa John’s pizzas. Valued at $41 at the time, current market pricing today gives the purchase a $92.5 million price tag. One might logically wonder what happened to the 10,000 Bitcoin (BTC) used for the purchase of two pizzas. “Over the years the funds have moved across many addresses,” Grant Blaisdell, co-founder and CMO of blockchain analytics company Coinfirm, told Cointelegraph in…
We Have All Had A ‘Pizza Day Moment’ — What’s Yours?
Famous entrepreneur and author, Andreas Antonopoulos, said that he paid five Bitcoin (BTC) for one pound coffee in 2012. “I don’t rerget it or any other BTC I spent, or gifted,” Antonopoulos told Cointelegraph in a May 22 email. “Without spending, BTC wouldn’t have become what it is today,” he added. “I still use it as a currency and I do a transaction or two every week.” Antonopoulos didn’t even like the coffee Antonopoulos’ tweet came on Bitcoin Pizza Day — a crypto holiday commemorating the first documented commercial purchase using Bitcoin. Approximately…
“It’s Just a Matter of Time” Before BTC Break’s All-Time High, Investment App CEO Says
Aleks Svetski, co-founder and CEO of Bitcoin (BTC) investing application Amber, said the asset could be on route to hit its all-time price high once again. “It’s just a matter of time – there’s a perfect storm brewing and the pressure will have to go somewhere,” Svetski told Cointelegraph in a May 21 email, adding: “With Bitcoin, supply is fixed, and its utility as an un-inflatable and incorruptible money is only increasing – the only thing left to move is price. A longer time horizon could mean accumulation potential With…
Recent Unemployment Numbers Might Not Mean Anything for Bitcoin
More than two million Americans requested unemployment compensation for the first time last week, which may or may not affect Bitcoin. Recording its seventh consecutive week of decline, last week hosted 2.44 million new unemployment claims, CNBC said in a May 21 brief. These numbers, however, fall within range of economist expectations. Within the timeframe surrounding coronavirus, Americans have posted 38.6 million jobless claims to date, CNBC said. Pompliano expresses reopening need Morgan Creek Digital co-founder and partner expressed a push of sentiment favoring a national reopening after weeks of…
New Partnership Adds Crypto Payment Routes on Shopify
A partnership with crypto payment processor CoinPayments means bolstered digital asset payment compatibility for Canadian e-commerce giant Shopify. “Shopify is a natural fit for us,” CoinPayments CEO Jason Butcher told Cointelegraph via email, adding: As they look to bring new features to their merchant base and CoinPayments works to drive cryptocurrency adoption globally, it makes sense to create an integration that enables easy, secure, and cost-effective transactions.” Shopify sellers can accepts thousands of assets Shopify sellers can now harness CoinPayments’ digital asset payment processing platform, paving the way for sellers to accept…
Fran Finney & Others Deny Moving Possible ‘Satoshi’ Bitcoin
Recent Bitcoin (BTC) transactions sent from an 11-year-old wallet were not those of famed computer scientist Hal Finney, as confirmed by Finney’s wife Fran. “Very odd,” Fran Finney told Cointelegraph when questioned on the recent transactions sent from a Bitcoin wallet that, prior to today, sat untouched for more than a decade. “These were not coins my husband mined and we had nothing to do with this,” she added. Hal Finney died from amyotrophic lateral sclerosis, or ALS, in 2014. Finney’s wife Fran works with the ALS Association, an organization devoted…
CME Traders Prefer Cash-Settled Bitcoin Products
Chicago Mercantile Exchange’s, or CME, global head of equity index and alternative investment products, Tim McCourt, said traders prefer cash-settled Bitcoin trading over products backed by physical Bitcoin (BTC). “So far, clients have expressed a clear preference and priority for a cash-settled product,” McCourt told Cointelegraph in an email when asked why the CME chose to go the cash-settled route for its Bitcoin futures trading product back in 2017. The CME launched its BTC futures after its price metrics The CME opened Bitcoin futures trading in 2017, based on the…
CME Bitcoin Trading Product Records Show Institutional Participation Uptick
Mainstream market exchange, the Chicago Mercantile Exchange, or CME, recently posted record numbers for its Bitcoin (BTC) trading products. May 14 yielded open interest of 10,792 Bitcoin futures trading contracts at CME, totalling 53,960 BTC — an all-time high for the product, according to information a CME representative provided to Cointelegraph. On May 4, CME also tallied 66 large open interest holders, or LOIHs — another record. These LOIH figures in particular indicate added involvement from institutions, the CME representative noted. CME Bitcoin options have performed well since launch CME largely…