Showing posts from November, 2020

Cryptowisser has announced new Comparision Tool.

crypto service comparison site, Cryptowisser has now released its revolutionary Comparision tool  which helps you compare cryptocurrency exchanges against each other in an instant. Comparing cryptocurrency exchanges has – up until now – been very difficult to do. To use the VS comparison tool, you simply input the exchanges you want to compare, and you are then presented with a comparison table, showing the following features of each exchange you want to compare: User scores Trading fees Withdrawal fees Deposit methods Number of supported cryptos, Whether US-investors are allowed Whether the exchange offers derivatives trading Years of operation All of the information is updated on a monthly basis. For example, if you would compare the contracts trading platforms PrimeXBT and Bexplus, you would see that it is showing that they are quite similar to each other in terms of deposit methods and offers, but that PrimeXBT has lower trading fees and a higher user score on Cryptowisser. There i

Limited Edition Watch Launch - Free the Money, Free the World by Franck Muller and Bitcoin

Image Announces Partnership With Luxury Watchmaker Franck Muller Bitcoin, announced the launch of a new Franck Muller luxury watch called “ Free the Money, Free the World .” The watch is the first ever Bitcoin Cash (BCH) Franck Muller “Encrypto” brand timepiece . The new watch is a limited edition BCH wristwatch that will sell for 9,900 EUR per timepiece and only 500 pieces will be made available. The “Free the Money, Free the World” Franck Muller luxury watch was designed by Tyler Gallagher of Regal Assets and the cofounder of Mate Tokay. During the launch event, Gallagher said that he was thrilled to collaborate with the team. “This has been an exciting project and it is beyond an honor to work with, Mate Tokay, and Roger Ver on this. Let’s free the world together,” Gallagher said. Franck Muller watches are extremely popular and well-known celebrities like Kim Kardashian, Swae Lee, Kanye West, and David Beckham have been seen wearing the fine

XRP Price Climbed 123% in 30 Days, Spark Token Airdrop Pushes Value Higher

At the time of publication, XRP is currently swapping for $0.677 per coin as it gained more than 25% during the early morning (ET) trading sessions on Tuesday. The coin holds the third-largest market valuation today with a current liquid market cap at around $22.55 billion. The market cap gives the XRP token a 4.02% dominance index rating out of the value from all the crypto assets in existence today ($563.91B). The XRP token price has more than quadrupled during the course of the year. There is currently a supply of 45,348,221,180 XRP in circulation today and there’s been around $11 billion in reported XRP trade volume during the last 24 hours. XRP Price Climbed 123% in 30 Days, Spark Token Airdrop Pushes Value Higher XRP/USD prices recorded for this article were logged on November 24, 2020. One of the primary reasons for XRP’s current spike stems from the project the Flare Network, which plans to airdrop tokens to XRP owners. This means more than 45 billion “spark” tokens will be g

Poker Sites Purchasing High BTC

Poker Site Buys $100 Million of Bitcoin Every Month to Pay Players in BTC A major online poker website has been buying millions of dollars of bitcoin every day to meet demand from players wanting to cash out in bitcoin. This amounts to $100 million in bitcoin a month as about 95% of players now demand payouts in the cryptocurrency . Poker Site Buys $100 Million of Bitcoin Demand for bitcoin payouts has been rising, particularly after the recent price rally. One of the largest online poker websites, Winning Poker Network (WPN), has been buying millions of dollars worth of bitcoin in recent weeks from OTC desks to meet players’ cashout demand, Bloomberg reported Thursday, citing WPN CEO Phil Nagy. Nagy explained that bitcoin is in so much demand that brokers are charging up to a 1.5% premium. He clarified that Winning Poker Network ( WPN ) does not hold onto bitcoin, adding that the cryptocurrency is converted into fiat currency as soon as possible. Source:

Asset Manager Vaneck Launches physically-backed Bitcoin Exchange-Traded Note

On November 25, the asset manager Vaneck announced the launch of an exchange-traded product (ETP) called the “ Vaneck Vector Bitcoin ETN .” The exchange-traded note is physically-backed by bitcoin and listed on the trading exchange Deutsche Böerse Xetra. The newly listed Vaneck bitcoin ETN provides investors with the opportunity to buy and sell the ETN, and participate directly in the performance of bitcoin without actually purchasing the crypto asset . There’s a new bitcoin (BTC) exchange-traded note available on the exchange Deutsche Böerse Xetra, a marketplace for the trading of shares and other securities. The novel ETN is issued by the asset manager Vaneck, an investment management firm with an estimated U.S. $49 billion assets under management (AUM). On Twitter, the digital asset strategist and director at Vaneck/MVIS, Gabor Gurbacs announced the new bitcoin ETN on Wednesday. “Today Vaneck launched a bitcoin ETN,” Gurbacs tweeted. “The ETN is physically-backed by bitcoin and list

SEC Chairman Jay Clayton Explains US Crypto Regulation, Calls Bitcoin a Store of Value

SEC Chairman Jay Clayton Explains US Crypto Regulation, Calls Bitcoin a Store of Value The chairman of the U.S. Securities and Exchange Commission ( SEC ) has explained how the U.S. government is regulating cryptocurrency . He calls bitcoin a store of value, noting that its rise is driven by the inefficiencies of the current payment system. How Bitcoin Is Regulated in the US SEC Chairman Jay Clayton explained how the U.S. government is regulating bitcoin during an interview with CNBC Squawk Box on Thursday. He began by responding to a comment made by JPMorgan CEO Jamie Dimon regarding bitcoin regulation . Dimon said that he was not a supporter of bitcoin because in his experience, the government “can regulate whatever they want when they feel like it.” Given the current bitcoin market capitalization of about $340 billion, Dimon asserted that “If it gets bigger and bigger and bigger, it will be regulated.” Clayton described that at the SEC: We determined that bitcoin was not a securi

PayPal Restricts the account showcasing frequent transactions of Cryptocurrency

A PayPal user reports their account has been restricted after they traded crypto too frequently using the platform. According to U.S.-based Reddit user TheCoolDoc, PayPal sent them a message stating that it had permanently limited their account “due to potential risk.” The user said they had made at least 10 crypto transactions within a week , purchasing during dips and selling when the price was high, and PayPal had asked for an explanation for each transaction. “The system flagged my account thinking I was selling items worth $10,000 in one week when I hadn't done so in the last 6 years I've held a PayPal account,” the user said. “I submitted the stuff for review with my photo ID and wrote ‘PayPal Crypto’ for each crypto transaction because what else could I say?” In a matter of hours, PayPal reportedly sent a message stating that the user would “not be able to conduct any further business” using the platform. The user stated that the remaining funds in the account — $462 — w

Decresed price of Bitcoin

Despite Bitcoin’s surge to re-test its 2017 highs, a combination of low on-chain transactions and diminished retail speculation has seen transaction fees remain low.   The current fees of around $3.50 per transaction starkly contrast with three years ago, when the fees incurred to send any amount of BTC briefly spiked above $50. But average transaction values are currently approaching $200,000 suggesting the current rally has not been accompanied by the same retail trading frenzy that drove prices toward $20,000 in 2017.   Ethereum cofounder Vitalik Buterin doesn’t believe Bitcoin’s current low fees will last. In a Twitter thread the Ethereum co-founder suggested that an inevitable increase in transaction fees will push out the majority of users: Why do Bitcoin's unique features matter given that any wide adoption scenario will lead to base chain fees pricing out most of those users and it's proving hard to extend those features to the L2s intended to circumvent those limitati