Pundi X Expands Crypto Payments to Venezuelan Department Store Chain

August 26, 2019

Venezuelan department store chain Traki to use Pundi X’s blockchain-based payment processors, expanding support for crypto payments at 49 stores. Cryptocurrency startup Pundi X has partnered with major Venezuelan chain Traki, who will now offer Pundi X’s blockchain-based point-of-sale devices for crypto payments. Pundi X announced the expansion in an official blog post on Aug. 20. The device, called XPOS, will reportedly allow Traki’s customers to pay with top cryptocurrencies…


Bitcoin Price Stays Above $10,000 as Overall Crypto Market Sees Green

August 25, 2019

The crypto market is seeing green in general, with Bitcoin price hovering at around $10,150. Thursday, Aug. 22— Bitcoin (BTC), Ether (ETH), and XRP are all in the green. These top three coins fell from Monday to Wednesday, but are moving upwards again. Top cryptocurrencies are generally green across the board.  Market visualization. Source: Coin360 Bitcoin is trading over $10,120 at press time, representing a 0.08% price increase on the…


How Coinbase Quietly Became the World’s Biggest Bitcoin Bank

August 19, 2019

On August 15, the San Francisco-based digital currency exchange Coinbase announced that it had acquired the cryptocurrency custody service Xapo’s institutional branch. The business move puts Coinbase in the limelight, making it the largest custodial service for digital assets worldwide, with more than $7 billion under custody. Also Read: Hong Kong Protest Leader Hopes to Incite Run on Chinese Banks Coinbase Acquires Xapo’s Institutional Arm and Now Commands $7 Billion…


Goldman-Backed Apple Card Restricts Cryptocurrency Purchases

August 7, 2019

Cryptocurrencies cannot be purchased with the new Apple credit card according to the American multinational technology company’s recently published customer agreement guidelines. The Apple card’s restrictions indicate that the company’s partner, Goldman Sachs, is leery toward cryptocurrencies and other “cash equivalents” like lottery tickets and casino chips. Also Read: Banks Stopped Walmart Bank – Now the Retail Giant Hits Back With Crypto No Crypto Purchases With the Goldman Sachs Backed…


Is Bitcoin a Store of Value? Experts on BTC as Digital Gold

July 31, 2019

Crypto experts’ take on the question: Is the leading cryptocurrency, Bitcoin, really a good store of value and can we call it “digital gold”? It’s hard to tell who was the first to coin — pun intended — Bitcoin (BTC) as “digital gold,” underlining the idea that Bitcoin is a good store of value. The phrase possibly came into more widespread use after The New York Times journalist Nathaniel Popper’s…


How Government Agencies Make Criminals of Crypto Traders

July 29, 2019

A New Jersey man has been indicted this week for converting over $2 million to bitcoin and operating a private exchange business not registered with the U.S. Secretary of the Treasury. According to a July 24 press release by the U.S. Attorney’s office, 46-year-old William Green could face up to five years in prison and a $250,000 fine if convicted. Green isn’t alone. With tighter and tighter crypto regulations being…


How 10 Countries Respond to Facebook’s Libra Cryptocurrency

July 12, 2019

A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank of International Settlements. Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments Facebook’s Libra Project Facebook unveiled its plans last month for…


110 Crypto Exchanges Want to Launch in Japan – A Look at Recent Changes

July 10, 2019

Following G20 meetings, where Japan led several discussions regarding crypto assets, the country’s top financial regulator told news.Bitcoin.com that 110 crypto exchanges are now interested in launching in Japan. The country recently passed a new cryptocurrency bill, and some approved crypto trading platforms have undergone changes. Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments 110 Exchanges Want to Enter Japanese Crypto Space Under…


‘Don’t Worry, We Can Just Print More Money’

July 9, 2019

At a press conference on Wednesday, the head of the Swedish Central Bank admitted that interest rates could potentially go as low as -1.5%, and quipped that Swedes likely wouldn’t even protest. Other countries implementing negative interest rate policies are producing lukewarm results that don’t address the root causes of currency devaluation. Nor do they change the bleak overall trajectory of fiat financial systems across the globe. Also read: Bitcoin’s…