Altcoins
One of the world’s top banks issues bonds that can be bought with Bitcoin

One of the world’s top banks issues bonds that can be bought with Bitcoin

China Construction Bank has partnered with a Labuan-based fintech to issue the first-ever blockchain-based digital security issued by a Chinese financial institution. One of the “Big Four” banks in the People’s Republic of China, CCB is ranked the second-largest bank worldwide by total assets as of fall 2020. The megabank’s plan with the new blockchain-based debt issuance is to raise up to $3 billion in total, starting with a tranche of $58 million, from individuals and institutions. The digital bonds will be issued through an offshore branch of CCB in Labuan, Malaysia, at a minimum of as little as $100 each, and will have…

Crypto ATMs continue to boom globally in 2020

Crypto ATMs continue to boom globally in 2020

New machines are now coming online at a rate of nearly 1 per hour In 2013 the world saw the debut of the first-ever Bitcoin ATM when a company called Robocoin placed a machine in a Vancouver coffee shop. Allowing customers to trade Bitcoin for cash, and vice versa, the machine saw $10,000 in BTC transacted on its first day. Now that we are a month away from the end of 2020, the estimated number of crypto ATMs around the world that allow customers to buy and sell Bitcoin (BTC) and other altcoins for cash is about 11,665 ATMs, according to CoinATMRadar. This…

Tesla gets progressive with Bitcoin ATMs at factories, claims report

Tesla gets progressive with Bitcoin ATMs at factories, claims report

Note: In a recent post on Twitter, CEO Elon Musk has noted that he does not believe the report of Bitcoin ATMs in Tesla’s factories is accurate. Tesla, being as forward-thinking as ever, now has Bitcoin ATMs at the Fremont Factory and Gigafactory Nevada. One of the Bitcoin ATMs was originally spotted by Twitter user Will Reeves. LibertyX, the company responsible for the Bitcoin ATMs, reached out to Finbold and confirmed Reeves’ sighting in an official statement. “The Tesla locations have been live since August. The ATM is currently only accessible for employees,” LibertyX told Finbold.  The Bitcoin ATM company also stated that it…

Bitcoin Leads The Crypto Market

Bitcoin Leads The Crypto Market

According to website CoinMarketCap, all bitcoins in the world were worth around 202 billion U.S. dollars as of October 9, 2020 – more than five times as much as those of the next biggest cryptocurrency, Ethereum. But Bitcoin used to be worth even more: At the end of 2017, the cryptocurrency briefly reached a market capitalization of over 300 billion U.S. dollars. That year, Bitcoin started to appeal to mainstream investors and while the ensuing frenzy for the digital currency catapulted its value to new heights, it also led to an inevitable crash in 2018 and a market value that sunk as low…

Naming and cryptos

Naming and cryptos

Naming sponsors have been established in Greek basketball in recent years, in contrast to what happens in football where there are simply no corresponding agreements for the PAE. With sponsorships that offer valuable financial “breath” to the teams and “support” their budgets, in a difficult time for their income in the midst of a pandemic and the consolation is that the companies interested in promoting themselves through the Greek (basketball) market multiply. Several OEMs make deals – in the model of the Italians, “fashion” that began in previous decades – and in this year’s Basket League 6 championship – from…

PayPal to allow cryptocurrency buying, selling and shopping on its network

PayPal to allow cryptocurrency buying, selling and shopping on its network

LONDON, Oct 21 (Reuters) – PayPal Holdings Inc joined the cryptocurrency market on Wednesday, allowing customers to buy, sell and hold bitcoin and other virtual coins using the U.S. digital payments company’s online wallets. PayPal customers will also be able to use cryptocurrencies to shop at the 26 million merchants on its network starting in early 2021, the company said in a statement. PayPal hopes the service will encourage global use of virtual coins and prepare its network for new digital currencies that may be developed by central banks and corporations, President and Chief Executive Dan Schulman said in an…

8 Reasons for trading cryptocurrencies

8 Reasons for trading cryptocurrencies

In previous years, paying with cryptocurrencies was really difficult. You have to find retailers that would accept digital coins at the checkout and this of course was not easy. Although they have been available for over a decade, only now are traditional businesses beginning to realize the benefits of adding cryptocurrencies as a payment method. Starbucks, one of the most famous coffee chains in the world, plans to integrate direct payment with cryptocurrencies by 2020. Certainly, for those who pay for their double, plain, non-fat, mint-flavored and white chocolate cappuccino with Bitcoin in more than 30,000 stores worldwide, it is…

ARE CRYPTO AND BLOCKCHAIN KEY TO A TECH RENAISSANCE

ARE CRYPTO AND BLOCKCHAIN KEY TO A TECH RENAISSANCE?

A former director of the US Mint thinks that the market will gravitate toward these solutions A panel discussion at COSM explored the future of crypto currencies like Bitcoin and blockchain technologies in general. What might they mean for global money, global security, and internet architecture? The panel, moderated by Wired contributing editor Spencer Reiss, comprised futurist George Gilder, Steve Forbes, Chairman and Editor-in-Chief of Forbes Media, Ed Moy, former Director of the U.S. Mint, and William Dembski, mathematician, entrepreneur, and philosopher: Can Crypto and Blockchain Reverse the Tech Decline (and Enable an Internet Renaissance)?   Here are some snatches from the dialogue (aired September 11, 2020): George Gilder (on what’s wrong with…

New EU Rules To Institute Crypto For Cross-Border Payments By 2024

New EU Rules To Institute Crypto For Cross-Border Payments By 2024

Two new European Union documents have proposed a four-year window for incorporating crypto assets into the E.U.’s payment infrastructure. The documents include plans for the E.U. executive to put forward a law to iron out any regulatory kinks and if necessary create new regulation for crypto adoption in the E.U. New Rules To Bring Regulatory Clarity According to Reuters, the European Commission is especially keen to press ahead with crypto adoption because the pandemic lockdowns exposed a failure point in the existing cash-dominated order. To this end, the EC believes that switching to instant payments is now a priority. In order to achieve this,…

The first cryptocurrency bank license was granted

The first cryptocurrency bank license was granted

The State of Wyoming in the USA approved Kraken’s request. What services will it offer to customers. Because evolution is important for the entire crypto space. Ethereum is galloping. This is a development of historical significance. A milestone in Bitcoin’s path to widespread acceptance and recognition. The State of Wyoming in the USA approved the application of Kraken, one of the first cryptocurrency exchanges, to establish a Special Purpose Stocks Foundation (SPDI). In other words, the world’s first official digital banking license was issued. Kraken Financial, as it is called, will initially offer its services only in the US, but…