Month: January 2022

Russia’s Tinkoff Banking Group Buys Majority Stake in Swiss Crypto Startup Aximetria

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Visa survey shows that 24% of SMBs plan to accept crypto payments

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Back in 2021, a study showed that there is a high demand for cryptocurrency payment abilities among both crypto holders and non-holders. However, in the same study, 50% of participants noted that there are not enough businesses that accept crypto. This may change very soon. Almost one out of four small and mid-size businesses (SMBs) that participated in a survey by Visa said that they are planning to accept payments in cryptos like Bitcoin. In the same study, 73% of respondents stated that accepting new forms of digital payment options…

German Online Bank N26 to Launch Cryptocurrency Trading Business This Year – Bitcoin News

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N26, a German online neobank, has announced it will get into the cryptocurrency trading business this year. The announcement was made by Max Tayenthal, co-founder and a CEO of the company, who pondered whether focusing on cryptocurrency instead of going global may have been a better idea. The company closed operations in the U.K. and is now exiting the U.S. N26 to Offer Cryptocurrency Services N26, a German online bank, has announced it will roll out cryptocurrency trading services for its customers this year. The co-founder of the…

Cardano Jumps 7% After Coinbase Fixes Withdrawal Bug

Cardano (ADA) followed many layer 1 tokens and posted gains during the Asian trading hours on Thursday. Cardano rose 7% soon after Coinbase restarted withdrawals on Wednesday. Traders started facing withdrawal issues last week. Sentiments in Asia were further buoyed after Hong Kong’s central bank, Hong Kong Monetary Authority (HKMA), seemed to provide an open ear to crypto stakeholders in a new discussion paper. Cardano was trading at $1.30 by mid-day Hong Kong time, up 6% in the past 24 hours, according to CoinGecko. Other layer 1 tokens, such as…

Shiba Inu Surges 16% After Rumors of Robinhood Listing

Shiba inu (SHIB) jumped 16% on Thursday, leading the gains among major cryptocurrencies, amid rumors of a listing on Robinhood. Shiba inu prices reached as high as $0.00003 during early Asian hours on Thursday before a selloff. Shiba inu is the thirteenth-largest cryptocurrency with a market capitalization of $17 billion. Price-charts suggest the move followed a bounce from resistance-turned-support levels of $0.000027. However, the tokens remains in a broader downtrend, as prices have dropped 62% since reaching all-time highs of $0.00008 in October 2021. The price bump came shortly after…

SocialGood – Shopping That’s Good for Your Wallet

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SocialGood has a smartphone app worldwide, called the SocialGood App, which allows users to get SocialGood (SG) crypto assets for free by shopping at over 1,800 online retailers. Shopping with the app through a process called Shopping Mining™, users can shop and receive SG as a form of “cryptoback”. How is SocialGood beneficial for your wallet? In this day and age, it is common practice for retailers to offer cashback as a marketing strategy to attract online shoppers. Working with merchants and implementing a variety of techniques, cashback firms give…

Cryptocurrency Exchanges See Massive Bitcoin (BTC) Outflows

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The market cap of Bitcoin has been shrinking since the start of 2022. A sharp decline in retail and institutional interest, weak network activity and huge selling pressure are not helping BTC bulls. However, Bitcoin whales have accelerated the movement of the crypto asset from digital exchanges to unknown wallets and cold storage. The crypto analytics platform, Santiment highlighted a significant jump in BTC outflows from crypto trading platforms. According to the company, nearly 26,300 Bitcoin left digital exchanges on Tuesday, which is the highest level since 25 October 2021.…

Political Parties in Thailand Voice Opposition to Government Plan to Tax Crypto Gains – Taxes Bitcoin News

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As Thailand prepares to impose a levy on crypto profits, parties on both sides of the aisle have expressed concerns over the government’s current proposal. A number of political figures have insisted that important aspects need to be clarified in order to avoid double taxation of income related to cryptocurrencies. Thai Politicians Warn About Negative Effects of Crypto Tax Representatives of parties from various corners of the political spectrum in Thailand have shared their disagreements with the government’s plan to tax gains from cryptocurrencies. The reactions come after recent reports…

Second tiny miner solves a block

In an astonishing turn of events, two lucky miners from the Solo CK mining pool have defied all odds and added a new block on the Bitcoin blockchain in the same week. On Monday, a tiny miner successfully solved a block with a modest hash rate capacity of 126 terahashes per second (TH/s). Bitcoin mining expert and member of the Bitcoin Mining Council Hass McCook told Cryptox at the time that the odds of this happening were 1 in 1,400,000. But according to a Jan 13 tweet from Solo admin…

Leading Crypto Exchange BitYard Offers Trading in Over 150 Countries

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sponsored Come join and become a part of BitYard, the leading crypto exchange that takes crypto trading to a whole new level & strives to provide users the best trading experience. With 500,00+ users already trading in over 150 countries, don’t wait, join today to benefit immensely and ‘Grow your future in the yard’. Why Is BitYard Trusted by Traders in Over 150 Countries BitYard is a one-stop trading platform for global investors, established & headquartered in Singapore, and has continued to bring professional, convenient, and new trading services to…