Day: December 2, 2020

Visa, Blockfi Launching Credit Card With Bitcoin Rewards — Get BTC Back on All Transactions

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Blockfi has unveiled a credit card with bitcoin rewards in collaboration with Visa. This is “the first credit card that lets you earn bitcoin back with every purchase,” Blockfi detailed. Visa Credit Card Offering Cash Back in Bitcoin Crypto financial services provider Blockfi announced on Tuesday that its customers can start signing up for “The world’s first bitcoin rewards credit card” that will launch early next year in collaboration with Visa. “We’re excited to announce an innovative new product we’ve been working on for a long time: the first credit…

Price analysis 12/2: BTC, ETH, XRP, LTC, BCH, LINK, DOT, ADA, BNB, XLM

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Bitcoin reclaimed the $19,000 level but charts suggest BTC and altcoins may consolidate for a few days before starting the next trending move. Bitcoin (BTC) price hit a new all-time high above $19,892 on Dec. 1. This is a significant event because it proves that the rally in 2017 was ahead of fundamentals but not a bubble. Generally, when a bubble bursts, it takes several years for the price to cross the high made during the bubble.  For example, the Japanese stock market bubble came after a high was made…

BlackRock’s Larry Fink Bullish on Bitcoin (BTC)

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Bitcoin (BTC), the world’s flagship cryptocurrency has been making the headlines in 2020, thanks to its massive price surge and Larry Fink, the CEO of the multi-trillion-dollar asset management firm, BlackRock thinks the digital currency could further evolve into a global asset, according to reports on December 2, 2020. Bitcoin will Get Even Bigger Despite the ravaging COVID-19 pandemic, which has succeeded in throwing the global financial markets into another recession, bitcoin has managed to prove that it is indeed a hedge against inflation by reaching its highest level since…

Multi-utility tokens to enable Web 3.0 by providing more than financial value

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Cryptocurrencies are commonly known for being a store of value, but as the blockchain space continues to mature, utility tokens are being created that extend their benefits beyond mere financial gains. Scott Gralnick, director of global partnerships for ShapeShift — a Swiss cryptocurrency exchange — told Cointelegraph that cryptocurrency can help launch Web 3.0 as more utility tokens are designed to provide functions beyond market value: “At ShapeShift, we are looking past the idea of whether a token has value and can be traded or held. Moving forward, we hope that…

Blockchain Bites: Record-Breaking ‘Active’ Bitcoin Users as Wall Street Ponders Mass Adoption

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Hi all, thought we’d try something different in today’s edition of Blockchain Bites. Yesterday and today saw a flurry of news that seemed disparate and unconnected but may actually tell a bigger story about changing institutional attitudes to bitcoin and crypto, generally. PayPal and BlackRock executives both said that digital assets could have a much larger role in the global financial system. Meanwhile, NYDIG continues to build out crypto-focused investment funds targeting high-net worth individuals. True to crypto’s roots, adoption won’t only be spearheaded by the billionaire class. Recently, a…

Bitcoin has caught our attention

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Blackrock CEO Larry Fink says Bitcoin (BTC) is on his company’s radar following the cryptocurrency’s rapid appreciation over the past few months. Speaking Tuesday at the Council on Foreign Relations alongside former Bank of England governor Mark Carney, Fink reportedly said: “Bitcoin has caught the attention and the imagination of many people. Still untested, pretty small relative to other markets.” He then added: “Can it evolve into a global market? Possibly.” Fink isn’t the only BlackRock executive touting Bitcoin’s potential value. Last month, the company’s chief investment officer, Rick Rieder, told CNBC…

The Crypto and Coffee Show [Bitcoin & Crypto Market Analysis with Bonus Giveaway!]

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io We are going to talk about the current state of the crypto market, news updates, and important price levels. Live giveaway during the episode! Everyone is switching to Phemex.trade for trading crypto Join the fastest and most secure margin trading exchange at ►► ►►Secure your .crypto name today and use as your wallet name Names are going fast at Unstoppable Domains Go here: ►►ByBit Exchange = * Deposit and Trade and get up to $200 margin bonus! 📈 How to Margin Trade:…

Visa will facilitate USDC payments, thanks to fresh partnership

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Visa has teamed up with blockchain services company Circle to make USD Coin (USDC) stablecoin transactions compatible with certain credit cards. “After Circle itself graduates from Visa’s Fast Track program, likely sometime next year, Visa will issue a credit card that lets businesses send and receive USDC payments directly from any business using the card,” said a Forbes article on Wednesday. Cuy Sheffield, Visa’s head of crypto, told Forbes: “This will be the first, corporate card that will allow businesses to be able to spend a balance of USDC.” Down…

Vitalik Buterin outlines next steps for Ethereum after Beacon Chain launch

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Following the successful launch of Ethereum 2.0 Phase 0 — the first concrete step in building the next iteration of the protocol — Ethereum co-founder Vitalik Buterin published an updated roadmap of what comes next for the project. The current development of Ethereum 2.0 is generally divided into phases. Phase 0 is the barebones Beacon Chain that enables staking but has no effect on the application layer. Phase 1 introduces sharding of data, increasing storage capabilities without directly influencing application performance. Finally, Phase 2 fully introduces transaction sharding and enables the promised…