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Payoneer chief executive officer Scott Galit has dismissed the idea of a single global currency like bitcoin as unrealistic. Galit argued that he doesn’t believe countries like the U.S. will ever allow citizens to pay taxes in bitcoin because of too much volatility in the price of the cryptocurrency. Also read: Former Mt. Gox CEO Says … Read more
Dutch crypto company Libereum has announced the acquisition of Spanish soccer club Elche CF, who are based in the province of Alicante. The move provides another sign that the crypto world’s interest in sports sponsorship and partnerships is growing. Also Read: Etoro Will Give Dollar Equivalent of BSV to Pre-Fork Bitcoin Cash Holders Libereum and Elche Share Joint Vision … Read more
The crypto markets woke up today gaining over $10 billion in valuation in only 2 hours. Most cryptocurrencies are back in the green sustaining double digit gains. Ethereum is up almost 20%, Bitcoin Cash and EOS are up 15%, and XRP is up 10%. As the New Year approaches, many are hoping for new beginnings … Read more
On Dec. 27 the Houston Rockets challenged the Boston Celtics. During the game’s intermission, two contestants participated in a contest called the Antpool Red Planet Race. The participants played a game that involved ‘mining’ bitcoin cash (BCH) on the court floor in the hope of winning $300 worth of BCH. Also Read: Many Self-Proclaimed Bitcoin Inventors … Read more
The market has rebounded in the past two hours, gaining $10 billion in the process. The comeback is led by Ethereum and Bitcoin Cash, both of whom have gained 13 percent. Ethereum was trading at $136 at press time, bouncing back from $117 registered just three hours earlier. Its trading volume also saw a remarkable … Read more
They came in plenty, some a little conservative and others outright ambitious. There were those who predicted that Bitcoin would hit $20,000 even before the year ended. Others went long term, predicting as high as $1 million in 2020. While the long-term predictions could still come to pass, those who made predictions for the year … Read more
On Dec. 27, court documents from the case against the Nchain chief scientist, Craig Wright, explained a large portion of his recent dismissal motions were found “not warranted” and were denied. Wright is being sued for 1.1 million BTC in a legal case in Florida that alleges he manipulated David Kleiman’s family. Also Read: Many Self-Proclaimed … Read more
After a bounce-back last week to hit over $4,260, Bitcoin has continued having a lackluster week, dropping to $3,650. At press time, the currency was trading at $3,600 on Coinbase, Bitstamp, Kraken, and BitMEX. In the past six hours alone, the currency has lost $200 as the dismal end-of-year performance continues. The trading volume has … Read more
Holders of Bitcoin Cash (BCH) at social trading and multi-asset brokerage platform Etoro will now be compensated with a fiat cash amount of BSV corresponding to their pre-fork holdings. The decision comes six weeks after the contentious hard fork took place. Also read: 50% of Chinese Stock Exchange Companies Investigated Fail to Demonstrate Real Applications for … Read more
Over the course of 2018, failing initial coin offerings that raised billions last year have continued to dominate the news cycle. Despite ethereum losing more than two thirds of its value, ICO projects have been liquidating massive amounts of ETH. ICO treasuries cashed out 433,000 ETH ($52.4M) in December, surpassing every other month this year. … Read more
