Detractors claim Bitcoin to be a Ponzi scheme. A history of such schemes shows this to be untrue. Yet, paradoxically, Bitcoin is being used to perpetuate the largest Ponzi scheme in history. The second report in the “FUD Fighters” series powered by HIVE Digital Technologies LTD.
Gone are the days when online fiat payment processors and digital wallets were viewed as something new and innovative. By now, most people are used to shopping online, especially in developed countries. The current payment processors are well-established and they’ve gained the public’s trust.
The post Eidoo Card Is Available for Pre-Order – Seamlessly Connect Your Fiat and Crypto Wallets appeared first on Bitcoin News.
Cryptocurrency markets have experienced a few intensive weeks since the start of the year that took prices to 2020 highs in mid-February. The overall bullish sentiment is attracting more interest towards the crypto space. There are many ways to get started with Bitcoin but one the most accessible options is to find an ATM supporting […]
The post How to Find Your Nearest Bitcoin ATM appeared first on Bitcoin News.
Platforms offering debit cards that can be topped up with cryptocurrency have enjoyed growing popularity in the crypto community. They provide a payment solution for those who earn and own digital coins, enabling in-store and online crypto payments. Their expanding user base provides a snapshot of the kind of people who spend crypto on a […]
The post Millennial and Male: 3 Crypto Card Issuers Profile Their Average User appeared first on Bitcoin News.
The China Foreign Exchange Trade System (CFETS) announced that effective January 1, 2020, the system “will adjust weights for CFETS RMB Index,” decreasing the weighting of the USD for the second time in the currency basket’s history from 22.40% to 21.59%, and increasing the Euro from 16.34% to 17.40%. The change could signal further disassociation […]
The post China Takes Another Step Away From USD Hegemony appeared first on Bitcoin News.
Deutsche Bank analysts have made some predictions regarding the future of cryptocurrency. Strategist Jim Reid explained why cryptocurrencies are inevitable and how the existing fiat money system could crumble over the next decade, leading to soaring demand for cryptocurrencies. Also read: Swiss Licensed Crypto Bank Expanding Into 9 Markets ‘The End of Fiat Money?’ – […]
The post Deutsche Bank Strategist Predicts Crypto Could Replace Fiat Money appeared first on Bitcoin News.
In a recent interview, former Central Intelligence Agency (CIA) employee and National Security Agency (NSA) subcontractor turned whistleblower, Edward Snowden, argued that the price and value of bitcoin is an expression of the “large population” that believes in its “usefulness” as a means of exchange. Also Read: UK Regulators Plan “Comprehensive Response” to Illicit Crypto Use […]
The post Snowden: “Large Population” Believes in Bitcoin as Means of Exchange appeared first on Bitcoin News.
On Wednesday, August 29 the Atlanta-based firm Bitpay announced that its merchants can now receive settlement in bitcoin cash (BCH). Not only can Bitpay merchants accept the decentralized digital currency and keep all the bitcoin cash, but they can also split their funds into a fraction of fiat and BCH as well. Also Read: Nchain Publishes […]
The post Payment Platform Bitpay Adds Bitcoin Cash Settlement Services appeared first on Bitcoin News.
Announcing a 60-fold increase of the minimum monthly salary, President Maduro promised Venezuelans they will be paid at least 0.5 petro, once his monetary reforms are in place next week. The national crypto will be exchanged at a rate of $60 USD and the new “sovereign bolivar” will be pegged to the digital coin. […]
The post Venezuelans to Be Paid at Least Half a Petro a Month appeared first on Bitcoin News.
Trading volume on Turkish cryptocurrency exchanges has soared over the last 24 hours as citizens have sought refuge from the weakened lira. Turkey’s national currency has faced a torrid time on a day when President Recep Tayyip Erdogan accused the US of trying to “stab it in the back”. Trade volume on domestic exchange Btcturk […]
The post Turkish Bitcoin Volume Soars as Traders Flee the Lira appeared first on Bitcoin News.
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