Month: January 2021

how to invest in Bitcoin and make profit using luno wallet

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GameStop mayhem, Robinhood scandal, Musk tweets, DOGE explodes: Hodler’s Digest

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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Rob from the poor and give to the rich? Robinhood prompts furious backlash after restricting trades The volatility seen on the stock markets this week made some of Bitcoin’s recent price swings look tame. And it’s all down to a dramatic face-off between a Reddit…

How the World’s Leading Torrent Site Pirate Bay Amassed $4.5 Million in Bitcoin – Bitcoin News

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The Pirate Bay has been the world’s most popular torrent web portal for the last eighteen years. Despite a few hiccups during that time, the site remains accessible via mirrors and proxy websites. In addition to remaining online, Pirate Bay has been accepting bitcoin for donations since 2013 acquiring more than $4.5 million worth since then. The Pirate Bay’s Bitcoin Stash Since 2003, when it was founded by the Swedish think tank Piratbyrån, the Pirate Bay has been the most popular, and perhaps the most beloved torrent website in the…

Ethereum Pushes Against Key Resistance as Chart Shows Signs of “Strong Bid”

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Ethereum has been largely tracking Bitcoin’s price action as of late, but its swings have been far more tempered as it hovers within the $1,300 region The cryptocurrency has been showing some signs of strength, with bulls ardently absorbing all the intense sell pressure it has faced in recent times This indicates that there’s a significant number of investors keen on gaining exposure to ETH, providing it with a strong bid during all dips Where it trends will somewhat depend on Bitcoin undoubtedly, but it is currently pushing up against…

XRP price gains 86% after Wall Street Bets’ crypto wing says ‘pump it’

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XRP price underwent a strong 86% breakout in the early trading hours on Jan. 30 as the fourth-ranked cryptocurrency by market cap became the new coin of focus in the r/Wallstreetbets cryptocurrency-focused off-shoot r/Satoshistreetbets.  Data from Cointelegraph Markets and TradingView shows that XRP rose from $0.28 to a peak at $0.51 before profit selling pulled the price back to $0.41. XRP/USDT 15 minute chart. Source: TradingView It appears that the antics of the past week which saw r/Wallstreetbets pump GameStop, AMC and Dogecoin (DOGE), have carried over into the weekend…

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Visa reaffirms commitment to crypto payments & fiat on-ramps

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During the Visa Q1 earnings call on Thursday, chairman and CEO Al Kelly devoted a portion of his comments to reaffirming the financial giant’s commitment to crypto payments and onramps, as well as explaining “how Visa thinks about crypto in general and our approach.” The financial services firm with over $72 billion in assets as of 2019 has been aggressively pursing crypto payments as of late, including by way of partnerships enabling crypto debit cards, and investing Zap, a crypto payments startup. Additionally, earlier this month Visa was forced to…

India’s Proposed Crypto Ban Has Investors Nervous, May Feed Anti-Bitcoin Narrative

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India’s cryptocurrency investors were caught off-guard and left confused after news broke Friday that the country’s Parliament will be considering a government-backed bill that would ban “private” cryptocurrencies. Given the ruling party controls both houses of Parliament, the bill’s chances of becoming law are good. The Cryptocurrency and Regulation of Official Digital Currency Bill 2021 would prohibit cryptocurrencies in India and provide a framework for creating an official digital currency to be issued by the Reserve Bank of India (RBI). The RBI had previously prohibited crypto trading for almost two…

Why the crypto world needs to build an Amazon of its own

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When Satoshi Nakamoto released the whitepaper for Bitcoin, his vision was simple: Creating a form of electronic cash that enables payments to be sent without a bank’s involvement. Few could have anticipated how popular the cryptocurrency would end up being — let alone its impressive market cap of $635 billion. But Bitcoin’s success has largely hinged upon how this digital asset is often bought and kept for speculation. According to a recent Binance survey, just 11% of those who own crypto use it to make payments. Amazon and eBay have shown little…