Crypto markets suffered a serious drop this week. Bitcoin led the market downwards, as it slipped below its support level of $10,000. Bitcoin’s falling dominance is perhaps a result of stablecoins holding steady during this market decline.
Binance.US, the American arm of cryptocurrency exchange giant Binance, has announced it is starting trading fiat-crypto and crypto-to-crypto trading pairs this week. The trading platform lists seven cryptocurrencies immediately upon launch; including Bitcoin, Binance coin (BNB), ethereum, XRP, bitcoin cash, litecoin and Tether. Users who already have deposits with Binance.com will not see their funds automatically transferred to the U.S. platform.
The Bakkt Futures exchange, offering futures contracts backed 1:1 with BTC, finally launched last week after much delay. Institutions may now trade Bitcoin on Bakkt, an exchange operated by the same company that runs the New York Stock Exchange. 165 BTC have been traded on Bakkt thus far.
It was reported that by the end of March 2020, over 25,000 French stores will be joining those already accepting Bitcoin. These 30 brands include major international franchises like Foot Locker. The outlets are partnering with EasyWallet and Easy2Play Payment to offer Bitcoin purchases, with all crypto received instantly converted to Euros.
The Digital Exchange of the Stuttgart Stock Exchange now offers Bitcoin trading. Initial trading will be restricted to a few selected participants, with plans to expand it to institutional investors.
99Bitcoins
Monday, September 30, 2019
Monday, September 23, 2019
Bakkt’s physically delivered Bitcoin futures trading went live for trading on the Intercontinental Exchange (ICE) on Sept. 22 at 8 PM EST (00:00 UTC Sept. 23). Following the launch, the volume is starting to pick up with some traders comparing the platform’s launch to Bitcoin futures launched by the Chicago Mercantile Exchange in December 2017.
At press time, 29 bitcoins has been traded on the ICE’s Bakkt Bitcoin futures platform, with a last recorded trading price accounting for $9,992.
cointelegraph.com
Bitmain opened sales for its new Antminer S17e and T17e Bitcoin mining ASICs this week. The first batch was quickly sold out. The units are said to achieve high efficiency with max hash rate of 64 Terahash per second but cost up to $2700.
Crypto payment service BitPay was heavily criticized for blockading donations made to the Hong Kong Free Press, the region’s 1st crowdfunded media outlet. The agency’s editor Tweeted that no crypto donations had been received since the protests began in Hong Kong.
Perhaps in response to BitPay’s blockade of the Hong Kong Free Press, Square Crypto made a $100,000 donation to further the development of alternative, open-source, and decentralized crypto payment portal, BTCPay.
France’s Economic and Financial Minister said that France “cannot authorize the development of Libra on European soil.” Minister Le Maire said that Libra threatens the monetary sovereignty of states. This highlights the political risk inherent in centralized virtual currencies.
It was reported that Bitcoin transactions are a reality in Cuba. Crypto is becoming popular as a way for Cubans to avoid U.S. banking and payment sanctions to make online purchases. A local expert estimates about 10,000 Cubans are using crypto.
A vulnerability in the Lightning code was confirmed to have been exploited by hackers. Anyone running an LND, c-lightning node or Éclair node is urged to upgrade to avoid any issues.
99Bitcoins
Crypto payment service BitPay was heavily criticized for blockading donations made to the Hong Kong Free Press, the region’s 1st crowdfunded media outlet. The agency’s editor Tweeted that no crypto donations had been received since the protests began in Hong Kong.
Perhaps in response to BitPay’s blockade of the Hong Kong Free Press, Square Crypto made a $100,000 donation to further the development of alternative, open-source, and decentralized crypto payment portal, BTCPay.
France’s Economic and Financial Minister said that France “cannot authorize the development of Libra on European soil.” Minister Le Maire said that Libra threatens the monetary sovereignty of states. This highlights the political risk inherent in centralized virtual currencies.
It was reported that Bitcoin transactions are a reality in Cuba. Crypto is becoming popular as a way for Cubans to avoid U.S. banking and payment sanctions to make online purchases. A local expert estimates about 10,000 Cubans are using crypto.
A vulnerability in the Lightning code was confirmed to have been exploited by hackers. Anyone running an LND, c-lightning node or Éclair node is urged to upgrade to avoid any issues.
99Bitcoins
Monday, September 16, 2019
The trial between the self-proclaimed creator of Bitcoin, Craig Wright, and the family of his former partner, Dave Kleiman, was concluded this week. The judge found that Wright lied in his testimony and falsified evidence. The judge further ordered Wright to transfer 410,000 bitcoins thought to be mined by Satoshi, to Kleiman’s estate. It is highly unlikely that Wright will be able to comply with this order.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has launched a lending business. Initially, users will be able to lend their U.S. dollar-pegged USDT, ethereum classic (ETC) and Binance’s BNB cryptocurrency in order to earn interest.
Portugal’s tax agency published its latest ruling which states that crypto trading and income are exempt from taxation. The Tax Authority revealed the news in response to a question coming from a company interested in mining cryptocurrency. This move is likely to attract crypto users and companies to Portugal.
Canadian e-commerce giant, Shopify, which provides its payment platform to over 800,000 businesses across the globe, has adopted Lightning Network payments. Shopify is using a software plug-in developed by OpenNode to process Lightning payments.
Cielo, which provides credit card services and nearly one and a half million point-of-sale terminals across Brazil, announced that it is integrating Bitcoin transfers into its terminals. In October, the company plans to also accept crypto payments via its new mobile app.
99Bitcoins
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has launched a lending business. Initially, users will be able to lend their U.S. dollar-pegged USDT, ethereum classic (ETC) and Binance’s BNB cryptocurrency in order to earn interest.
Portugal’s tax agency published its latest ruling which states that crypto trading and income are exempt from taxation. The Tax Authority revealed the news in response to a question coming from a company interested in mining cryptocurrency. This move is likely to attract crypto users and companies to Portugal.
Canadian e-commerce giant, Shopify, which provides its payment platform to over 800,000 businesses across the globe, has adopted Lightning Network payments. Shopify is using a software plug-in developed by OpenNode to process Lightning payments.
Cielo, which provides credit card services and nearly one and a half million point-of-sale terminals across Brazil, announced that it is integrating Bitcoin transfers into its terminals. In October, the company plans to also accept crypto payments via its new mobile app.
99Bitcoins
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