India to Significantly Increase Crypto Market Share This Year: Report

India to Significantly Increase Crypto Market Share This Year: ReportIndia’s cryptocurrency market is set to gain significant market share this year, according to an industry report. The regulatory environment, the instability of the rupee, and remittances are key drivers that will send the Indian crypto industry soaring. Indian Crypto Sector Flourishing The Indian cryptocurrency market is poised to gain considerable global market share starting […]

The post India to Significantly Increase Crypto Market Share This Year: Report appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

UK Government Seizes $185 Million From Dormant Bank Accounts for Crisis Relief

UK Government Seizes $185 Million From Dormant Bank Accounts for Crisis ReliefThe UK government is seizing funds in dormant bank accounts worth approximately $185 million to fund its coronavirus relief efforts. So far, 30 banks have been voluntarily transferring money from dormant accounts to the government, including HSBC, Barclays, Clydesdale, Credit Agricole, Danske, Santander, Lloyds, and Bank of Scotland. The government has also proposed adding other […]

The post UK Government Seizes $185 Million From Dormant Bank Accounts for Crisis Relief appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Amid Youtube Censorship, Individuals Flock to Decentralized Video Sharing Apps Like Lbry.tv

Amid Youtube Censorship, Individuals Flock to Decentralized Video Sharing Apps Like Lbry.tvIn mid-May, news.Bitcoin.com reported on one of our mining pool videos being censored and banned from the video-sharing platform Youtube. The report had shown how Youtube has been censoring videos for a long time now, and the CEO specifically told the public certain coronavirus films would be removed. Youtube’s censorship has caused a number of […]

The post Amid Youtube Censorship, Individuals Flock to Decentralized Video Sharing Apps Like Lbry.tv appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

China Passes Law Protecting Cryptocurrency Inheritance

China Passes Law Protecting Cryptocurrency InheritanceChina has passed the country’s long-awaited civil code which expands the scope of inheritance rights to include cryptocurrency, such as bitcoin. Inherited cryptocurrencies will be protected under the new law. Meanwhile, several Chinese courts have recently ruled that bitcoin and ethereum are properties protected by law. Inherited Cryptocurrencies Protected by Law The third session of […]

The post China Passes Law Protecting Cryptocurrency Inheritance appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Bitpay Has ‘No Current Plans’ to Support Liquid or the Lightning Network

Bitpay Has 'No Current Plans' to Support Liquid or the Lightning NetworkAccording to Bitpay’s Chief Marketing Officer, Bill Zielke, onchain bitcoin payments still rule the roost as far as payments are concerned. Zielke detailed that at least in the near future, Bitpay won’t be supporting the Lightning Network or Blockstream’s Liquid project. Liquid or the Lightning Network Not on the Roadmap The top cryptocurrency payment processor […]

The post Bitpay Has ‘No Current Plans’ to Support Liquid or the Lightning Network appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Bitcoin Price Analysis for May 29th – BTC Going to Grow

Bitcoin Price Analysis for May 29th - BTC Going to GrowBy Dmitriy Gurkovskiy, author at RoboForex Blog On Friday, May 29th, the BTC has grown steeply and is aiming upwards. It is generally trading at 9632.50 USD. On D1, the picture has hardly changed since last week. The pair keeps trading the upper border of the descending channel, trading between 50.0% and 61.8% Fibo. After yet another test of 61.8%, a pullback is becoming more and more probable. The aim of a decline will be at 38.2% Fibo. The MACD is currently above zero, indicating the possibility of further growth. The aim of the growth is at 61.8% Fibo. On H4,

The post Bitcoin Price Analysis for May 29th – BTC Going to Grow appeared first on The Merkle News.

Go to Source

Powered by WPeMatico

Grayscale Bitcoin Trust Buys Over 1.5 Times Total BTC Mined Since Halving

Grayscale Bitcoin Trust Buys Over 1.5 Times Total BTC Mined Since HalvingGrayscale Investments has purchased more than 1.5 times the number of bitcoins mined since the third Bitcoin halving for its bitcoin trust. This indicates that there is a strong institutional demand for the cryptocurrency, which is expected to grow significantly post the coronavirus crisis. GBTC Buys 1.5 Times the Amount of Bitcoin Mined After Halving […]

The post Grayscale Bitcoin Trust Buys Over 1.5 Times Total BTC Mined Since Halving appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

JPMorgan to Pay $2.5 Million to Settle Lawsuit for Overcharging Crypto Fees

JPMorgan to Pay $2.5 Million to Settle Lawsuit for Overcharging Crypto FeesJPMorgan Chase has reportedly agreed to pay $2.5 million to settle a crypto class-action lawsuit. Originally filed in 2018, the suit alleges that the bank overcharged customers for buying cryptocurrencies using Chase credit cards, classifying the purchases as cash advances. JPMorgan Settles a Crypto Class Action Lawsuit JPMorgan Chase allegedly overcharged its customers who bought […]

The post JPMorgan to Pay $2.5 Million to Settle Lawsuit for Overcharging Crypto Fees appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Grayscale: Central Bank Digital Currencies Will ‘Neither Replace nor Harm Scarce, Uncompromising Bitcoin’

Grayscale: Central Bank Digital Currencies Will ‘Neither Replace nor Harm Scarce, Uncompromising Bitcoin’Central bank digital currencies (CBDCs) pose no threat to Bitcoin’s value proposition, instead, they will spur its growth toward mass adoption. In a new report, Grayscale Investments said CBDCs will never replace BTC because unlike the top cryptocurrency, they can be inflationary and are open to manipulation by central banks CBDCs are merely digital versions […]

The post Grayscale: Central Bank Digital Currencies Will ‘Neither Replace nor Harm Scarce, Uncompromising Bitcoin’ appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Leading Australian Regulated Micro-Investing App Adds Bitcoin Option for Investors

Leading Australian Regulated Micro-Investing App Adds Bitcoin Option for InvestorsPopular demand for cryptocurrency has prompted Australia’s leading micro-investing platform Raiz (formerly Acorns) to add a bitcoin investment option. Individual investors can round up their spare change and regularly invest in a bitcoin investment portfolio. Leading Australian Micro-Investing App Now Offers Bitcoin Exposure Australia’s leading micro-investing platform Raiz announced on Tuesday that it has launched […]

The post Leading Australian Regulated Micro-Investing App Adds Bitcoin Option for Investors appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico