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Showing posts from November, 2020

Pizza Hut Now Accepts Bitcoin, Ethereum in Venezuela

  Thanks to a partnership with Cryptobuyer , Pizza Hut’s customers in Venezuela can now pay for their food using Bitcoin, Ethereum , and other cryptocurrencies. The Venezuelan branch of major American restaurant chain Pizza Hut has partnered with crypto-focused firm Cryptobuyer to offer its customers the ability to pay with Bitcoin and other cryptocurrencies. “We come with good news! We continue to grow and work to expand your payment options in Cryptocurrencies . We are happy to announce our most recent alliance with Pizza Hut Venezuela. From today you can share with your family and pay with Bitcoin, XPT, Dash, CryptobuyerPay,” Cryptobuyer announced on November 27. Currently, the firm’s point-of-sale (POS) solution—Cryptobuyer Pay—supports payments using  Bitcoin , Binance Coin, Dash, DAI, Ethereum, Litecoin, Tether, and XPT (Cryptobuyer’s own token). “Today the use of technology has become so vital for people who have devices in their daily lives. It is important that we accompany t

Stellar Lumens: XLM regains momentum – reasons for the 160%-rally

During the last days, the crypto market took a break in its upward trend to move into a consolidation phase. During this weekend, however, the upward momentum seems to have returned. And again,  Stellar Lumens ‘ native cryptocurrency, XLM, is one of the best performers within in top 20 by market cap. After recovering from a drop a week ago, XLM is at its annual high of $0.19 with a sideways movement in the last 24 hours. On the weekly and monthly chart, XLM is recording significant gains atwith 83.43% and 157% respectively. One of the reasons for the rally was certainly the price development of Bitcoin. By achieving a high level of institutional adoption,  BTC  seems to have led to a new boom in the interest generated by cryptocurrencies to new investors. At the time of publication, Bitcoin has again managed to break the important $18,000 mark. Traders like Josh Rager have predicted a continuation of the upward trend for BTC if it manages to stay above that level. Otherwise, the crypto

'Dr. Doom' economist Nouriel Roubini trashes Bitcoin

 'Dr. Doom' economist Nouriel Roubini trashes Bitcoin for being heavily manipulated, and blames retail investor FOMO for its recent pump-and-dump Nouriel Roubini, known as "Dr. Doom" for his bearish views, slammed Bitcoin for being heavily manipulated and blamed retail investor FOMO for this week's boom and bust on Thursday. Roubini  tweeted  the digital token has no role to play in the portfolios of retail or institutional investors because it has zero intrinsic value. "Retail suckers with massive FOMO have been jumping again into BTC as they did in late 2017 when price went from 10K to 19K only to crash down to 3K in 2019," he said. According to him, investing in Bitcoin is the same as gambling at a rigged casino. Nouriel Roubini, an economist nicknamed "Dr Doom" for his pessimistic predictions, trashed the world's most popular digital currency for being heavily manipulated in a  series of tweets on Thanksgiving Day . Bitcoin has risen

Chinese police have seized $4.2 billion cryptos from PlusToken Ponzi crackdown

  Quick Take A Chinese court has detailed for the first time the breakdown of all the crypto assets seized by police during the PlusToken Ponzi scheme crackdown The seized assets are worth more than $4.2 billion at today’s prices The court said the seized cryptos “will be processed pursuant to laws” and “forfeited to the national treasury.”  Crypto assets worth more than $4.2 billion have been seized by Chinese police during the massive PlusToken Ponzi scheme crackdown, according to a new court ruling. In a November 19 judgment made public on Thursday, the Jiangsu Yancheng Intermediate People's Court has detailed the breakdown for the first time of all the crypto assets seized by Chinese police related to the PlusToken case. A total of 194,775 BTC, 833,083 ETH, 1.4 million LTC, 27.6 million EOS, 74,167 DASH, 487 million XRP, 6 billion DOGE, 79,581 BCH, and 213,724 USDT have been seized by Chinese law enforcement from seven convicts during the crackdown. These assets , at today

Russian Prime Minister Calls for Civilized Approach to Crypto Regulation

  During a Russian government strategy meeting to stem the spread of COVID-19, Mikhail Mishustin, the Russian prime minister, delved into the issue of cryptocurrencies and digital assets and asserted the need to advance  regulation  of this market in a civilized manner. Protecting the rights of cryptoasset owners The prime minister alluded to the fact that cryptocurrency was a new instrument with a constantly growing public and crypto asset owners had to be protected. He acknowledged: “Another solution concerns cryptocurrencies. This is a relatively new instrument, interest in which is constantly growing, and the Government plans to direct the development of this market in a civilized way so that the owners of such assets can protect their rights and interests, and the creation of shadow schemes would be difficult.” These calls show the Russian administration’s commitment to curb the rise of crypto scams or shadow schemes as they have been detrimental in this sector.  For instance, a

Fidelity Digital Assets will support Bitcoin and Ethereum for retail clients

  Fidelity Digital Assets will support Ethereum in the near future. The company also wants to offer its trading services to retail clients. Christine Sandler, the Head of Sales and Marketing at Fidelity Digital Assets, has said that the investment company would someday look to serve retail customers too.  Christine made this announcement in an interview talking to Laura Shin for the Unchained podcast. She said that the company is constantly looking at the retail sector to see how the company could make an inroad into the market. The investment company which mostly offers its  Bitcoin  investment plan to corporate institutions believes that by serving retail clients, the firm can improve its crypto service offering too. Fidelity might soon support Ethereum In the interview, Sandler made it known that the firm is also looking at supporting other cryptocurrencies apart from Bitcoin. According to her, the firm has to look to expand trading opportunities for their customer base. Fidelity al

PayPal suspends user for crypto trading using PayPal’s own service

  A PayPal user reports their account has been restricted after they traded crypto too frequently using the platform. According to U.S.-based Reddit user TheCoolDoc, PayPal sent them a message stating that it had permanently limited their account “due to potential risk.” The user said they had made at least 10 crypto transactions within a week, purchasing during dips and selling when the price was high, and PayPal had asked for an explanation for each transaction. “The system flagged my account thinking I was selling items worth $10,000 in one week when I hadn't done so in the last 6 years I've held a PayPal account,” the user said. “I submitted the stuff for review with my photo ID and wrote ‘PayPal Crypto’ for each crypto transaction because what else could I say?” In a matter of hours, PayPal reportedly sent a message stating that the user would “not be able to conduct any further business” using the platform. The user stated that the remaining funds in the account — $462

Australian Border Force begins

  Australian Border Force begins paperless blockchain trade trial with Singapore Source: ABF The Australian Border Force (ABF) is developing solutions to make cross border trade simpler and paperless for Australian businesses , in line with the bilateral Australia-Singapore Digital Economy Agreement. A trial was launched on 23 November with Singapore Customs and Singapore Infocomm Media Development Authority (IMDA) to test digital verification systems: the first to be developed using Blockchain technology by experts from Australia and Singapore at the United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT) for inter-government document exchange. ABF Commissioner Michael Outram said the ABF looks forward to close collaboration with international partner agencies on mutual border modernisation programs. “The ABF welcomes the opportunity to collaborate further with Singapore to improve cross-border trade between our countries. In addition to our efforts internati

Ethereum Price Breaches a 30-Month Resistance; $1000 Any Soon?

  Ethereum Price: An Overview Ethereum breaks 2-and-a-half-year long resistance as it crosses above $500 & $600 with a steep bullish candlewick on the 3-day chart against the greenback. Moreover, it was until two days back when a clear uptrend was seen, but the ETH price was still below $600. Having entered the major Bull Run of Altcoins, Ethereum and XRP are seen hitting the right chords at present. Alongside, the former has regained its lost position and took over Tether. While the latter started the ongoing week with a bang and notably spurred above $600. ETH/USD Chart By TradingView The rising wedge pattern of ETH/USD formed on the half-hourly intraday chart reflects a clear bullish signal of the leading altcoin. This ascending trend is clearly visible over the past two days when a slight bearish candlewick dropped as low as $510 to have a positive crossover later. On the same intraday chart,  Ethereum price  is retaining support from half-hourly MA50 & MA200 MA at $598

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