Day: November 18, 2021

Why Marathon Is Comfortable With Bitcoin Plunging, Says BEP Is $6,500

Marathon Digital Holdings’ (MARA) Fred Thiel said that Bitcoin price would need to drop 80% for the coin to stop being profitable for the company thus entering a challenging situation. Marathon is not worried about the past week’s dip. During a Bloomberg QuickTake Stock interview, Fred Thiel, Las Vegas-based company’s chief executive officer of Marathon, expressed assurance for Bitcoin’s future and stated that Bitcoin mining is “obviously a very profitable business”  and the company can “ride this market for quite a long time.” Thiel expressed that, factoring operational mining costs…

How Salvadorans Will Use Bitcoin To Pay For Their Bills: Bitrefill Launches Payment Service

Bitrefill, the startup that offers Bitcoin-funded prepaid cards for different services worldwide, launched a new bill-payment service that allows Salvadorans to pay for multiple basic needs using Bitcoin. The company made the announcement during the three-day conference Adopting Bitcoin carried in El Salvador, which brought together “the Bitcoin and Lightning community”. Bitcoin has been a legal tender in El Salvador since September 7th, but many businesses were not sticking to the requirement of accomodating the digital coin as a payment method into their operations, Bitrefill’s CEO noted. Some have even…

Why MoneyGram Launched A Bankless Payment Method On Stellar

Payment giant MoneyGram International continues to cement its partnership with the Stellar ecosystem. Via an official post, the company announced a new stage for its collaboration by deploying a live cash-in and cash-out pilot initiative in the United States. Related Reading | Stellar To Launch New Europe-Africa Payment Corridor With This Partner After ending its relationship with payment solution company Ripple due to the U.S. SEC lawsuit against its executives, MoneyGram established a collaboration with the Stellar Development Foundation. In a little under 2 months, the partners have taken important…

Norway Mulls Backing Sweden’s Call for Euro Ban on Crypto Mining – Mining Bitcoin News

The government in Norway is considering ways to limit the environmental impact of cryptocurrency mining and may support Swedish proposals to that end, including a European ban on proof-of-work mining. The European Commission has revealed it is already working to promote a transition to “more sustainable” protocols. Extensive Use of Renewable Energy for Mining Is Hard to Justify, Norway Minister Says Authorities in Norway are mulling over potential policy measures to deal with the effects of crypto mining on the environment, the country’s minister responsible for local government and regional…

Bitcoin Drops Below $60K Amid Broad Sell-Off in Crypto Markets

Former CFTC Commissioner Brian Quintenz joined “First Mover” hosts to look at the crypto regulation landscape. This comes as Quintenz joins the board of the first CFTC-regulated “events market,” Kalshi. Co-Managing Director and board member at Strategic Funds Marc Lopresti provided market insights as bitcoin dipped below $60K. Plus, Brave, the crypto-focused web browser, is adding a native wallet and will support Solana and all Ethereum virtual machine-compatible tokens. Brave CEO Brendan Eich explained the move. Original

Traders say Bitcoin’s drop to $57K is an ‘attractive entry’ for hodlers

The price of Bitcoin (BTC) dropped to fresh lows on Nov. 18, and the brief visit to the $56,000 level resulted in a sharp sell-off in Ether (ETH) and altcoins. Data from Cointelegraph Markets Pro and TradingView shows that support at $60,000 was breached early on in the United States trading session, and this allowed bears to briefly take control of the market. BTC/USDT 4-hour chart. Source: TradingView Here’s what analysts have to say about the day’s price action and whether or not traders should be concerned about additional downside.…

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Coinbase Adds Crypto Exchange Token to Arsenal of Altcoins, Triggering 50% Rally

Popular US-based crypto trading platform Coinbase Pro is adding another altcoin amid a flurry of new inclusions this week. According to a Coinbase announcement, Voyager Token (VGX), the Ethereum-based coin of centralized exchange Voyager, has been added to Coinbase Pro. VGX is not yet available on the Coinbase retail platform or mobile app. According to Voyager, VGX is a liquid token that provides utility across its platform. Participants can earn interest by staking the coin or using the token to enable instant transactions, receive fee discounts, and earn rewards for…

Mt Gox Gets Approval To Return 141,686 To Victims Affected In 2014 Hack

Mt Gox is set to return BTC lost by victims who were affected when its platform was hacked back in 2014. The Mt Gox hack has become somewhat of a legend in the crypto space, although it is very much real. It really kickstarted the “not your keys, not your coins” school of thought after thousands lost their crypto holdings when the crypto exchange succumbed to a hack that would see it shutter its doors forever. The Mt Gox rehab plan was established after the hack, seeking to compensate those…

Player Sizzles the Casino Floor With a $134,000 Jackpot Win on Bitcoin.com Games – Promoted Bitcoin News

Bitcoin.com Games dishes out a massive jackpot win for a lucky player who cashes out the big loot! Player Cashes out 2.25 Bitcoin After a Single Lucky Spin Turning up the heat on Bitcoin.com Games, our very own crypto casino is Wazdan’s smashing new slot game Sizzling Bells. The brand new game was just recently released back in October and features some of the most sought-after features in a game by slot lovers across the world. Sizzling Bells is a modern take on classic slot machines and features stunning bells,…