Algorithmic Cryptocurrency Trading Firm GSR Launches New Bitcoin Halo Option Derivative

Algorithmic cryptocurrency trading firm GSR announced the launch of a new bitcoin (BTC) halo option derivative in a Medium post published on May 13. Per the announcement, the new derivative is an option on the value of a trading account. The trader reportedly pays a premium upfront to buy the option, and the trading account starts with a value of zero. The holder is permitted to do 10 trades per day in the BTC/USD market until maturity. When the option matures, if the value of the account is positive, the…

Largest Swiss Retailer Accepts Bitcoin, Ether, XRP, and Litecoin Payment Option – BTCMANAGER

In what comes as a major impetus for cryptocurrency adoption, Switzerland’s largest online retail store, Digitec-Galaxus, now accepts major digital currencies such as bitcoin, ether, and XRP, among others as a means of payment. This came to light in a report by Watson published March 19, 2019. Crypto Adoption Continues to Make Steady Inroads The report states that Digitec-Galaxus had been mulling integration of virtual currencies as a means of payment for a long time. According to the announcement by the online retailer, customers of Switzerland’s largest online shop can…

Fortune 500 Company Avnet Works With BitBay to Add Bitcoin, Bitcoin Cash Payment Option

Avnet, Inc, one of the world’s largest distributors of electronic components and technology solutions providers, has announced a collaboration with crypto payment processor BitPay to accept cryptocurrency for the company’s services and products. The development was disclosed in an official press release published on March 19. Avnet, Inc., which has been listed on Fortune 500 for 24 years, had an annual revenue in 2018 of more than $19 billion. The press release writes that Avnet will accept payment with Bitcoin (BTC) or Bitcoin Cash (BCH), while BitPay will verify the…

British Financial Historian Niall Ferguson Says Bitcoin Is ‘an Option on Digital Gold’

Niall Ferguson, British economic and financial historian, believes that Bitcoin (BTC) is “an option an digital gold,” as he said in a interview with a blockchain magazine Breaker Mag on Feb. 13. Ferguson, a world famous historian and author fourteen books such as The Ascent of Money, declared that Bitcoin itself is “only money in a very limited sense,” stressing that the oldest cryptocurrency is incapable of being money as a means of payment due to massive volatility. However, in near future, Bitcoin’s main function will be serving as a…

British Financial Historian Niall Ferguson Says Bitcoin Is ‘an Option on Digital Gold’

Niall Ferguson, British economic and financial historian, believes that Bitcoin (BTC) is “an option an digital gold,” as he said in a interview with a blockchain magazine Breaker Mag on Feb. 13. Ferguson, a world famous historian and author fourteen books such as The Ascent of Money, declared that Bitcoin itself is “only money in a very limited sense,” stressing that the oldest cryptocurrency is incapable of being money as a means of payment due to massive volatility. However, in near future, Bitcoin’s main function will be serving as a…

Cryptocurrency App Abra Will Allow Investment Option For Stocks and ETFs with Bitcoin

Cryptocurrency wallet app Abra announced new features allowing everyone, everywhere in the world to invest in traditional stocks, commodities and exchange-traded funds or ETFs using Bitcoin. The company plans to start with popular US stocks and ETFs and add more global assets in the coming months. These major stocks include Facebook, Apple, Amazon, Google, Netflix, and commodities such as SPDR Gold Trust, among others. The US-based firm announced early access registration to the platform. This would allow users in 155 countries to invest in 50 new traditional investment assets with…

Abra Wallet Introduces Bitcoin Investment Option for Stocks and ETFs

Digital wallet Abra has introduced new features enabling global investors to invest in shares and exchange-traded funds (ETFs) using Bitcoin (BTC), according to a press release shared with Cointelegraph on Feb. 6. The United States-based firm has announced early access registration to the platform, allowing investors in more than 155 countries to invest in 50 new traditional investment assets with zero trading fees through the rest of 2019 using the leading crypto. Those assets reportedly include major stocks such as Facebook, Apple, Amazon, Google, Netflix, commodities such as SPDR Gold…

Coinbase Extends PayPal Withdrawal Option to 32 European Countries

Coinbase customers in the EU and the European Free Trade Association (EFTA) countries can now make withdrawals into their PayPal accounts. The San Francisco-based cryptocurrency exchange announced the news Tuesday, explaining that, until now, European customers have had only Single Euro Payments Area (SEPA) and UK Faster Payments options available for withdrawals. The expanded service means customers of 32 European countries will now have the PayPal withdrawal option, with a total of 28 member countries in the EU and the four nations of the EFTA: Iceland, Liechtenstein, Norway and Switzerland. Support for…

UK Parliament Member Suggests Making Bitcoin a Payment Option for Local Taxation System

A conservative member (MP) of the United Kingdom’s (U.K.) Parliament has said that making payments to local authorities and utility providers with Bitcoin (BTC) should be possible. The MP’s statements were reported by local news outlet Express.co.uk on Dec. 10. The article notes that Eddie Hughes, a member of the U.K. Parliament for the Walsall North constituency, described himself as a “crypto enthusiast with amateur knowledge.” He notes that blockchain gets a lot of attention and members of the parliament “have a duty to understand it.” Hughes further explained that…

Online Bank Swissquote Enters ICO Market With Purchase and Custody Option for Clients

Swiss online financial services provider Swissquote announced it had become “the first bank worldwide” to offer purchase and custodial services of (Initial Coin Offering) ICO tokens for clients in a press release Monday, Oct. 22. Swissquote, which has offered various cryptocurrency-related services to account holders since 2016, began its latest service by allowing them to purchase ICO tokens from industrial diamond manufacturer LakeDiamond. Explaining the move, the bank said it was now no longer necessary for ICO consumers to “understand blockchain.” “Combining crowdfunding with the blockchain creates a new form…