cryptocurrencies – Page 2 – BOL News Staging

After BTC, these alternative cryptos might see an increase in future

September 10, 2021 by Syed Ahad

Altcoins, or Bitcoin (BTC) alternate cryptocurrencies, are presenting a stellar performance, with some long-time competitors like Ethereum. Bitcoin, the world’s leading and first cryptocurrency, has left analysts speculating whether or not it will be able to keep its value intact. There are also rumors over a rush in the prices of altcoins. Here are some … Read more

Mastercard purchases cryptocurrency intelligence company

September 10, 2021 by Syed Ahad

Mastercard remains to strengthen its digital asset abilities, purchasing cryptocurrency intelligence firm CipherTrace.

CipherTrace analyses huge amounts of authorized blockchain transactions to build up insight on more than 900 cryptocurrencies.

Mastercard states that by mixing this with its own cybersecurity technology, it can give companies superior transparency into the crypto space, serving them to understand risks and achieve their digital asset regulatory and compliance obligations.

President, cyber and intelligence, Mastercard, says:

“With the rapid growth of the digital asset ecosystem comes the need to ensure it is trusted and safe. Our aim is to build upon the complementary capabilities of Mastercard and CipherTrace to do just this.”

Taiwan police arrest 14 individuals for crypto scamming

September 7, 2021 by Syed Ahad

Police of the Taiwan administration have under arrest 14 individuals for running a $5.41-million (150 million New Taiwan dollars) investment cheat over the past year, including more than 100 cryptocurrency investors.

The accused has been charged with fraud, money laundering, and violations of the Organized Crime Prevention Act by the Criminal Investigation Bureau.

CIB investigator Kuo Yu-Chih said that the scam was controlled by a local businessman named Chen, who ran the operation on social media platforms. Chen was also reportedly running Azure Crypto Co, a Taipei-based platform that provides many investment services, together with cryptocurrency transactions.

He explained:

“Chen and his staff set up Web sites, and allegedly used photographs of pretty women to attract mainly male victims, many of whom were in retirement with substantial savings.”

According to Kuo, Chen and his team of scammers guaranteed great returns on cryptocurrencies such as Ether (ETH), Tron (TRX), and Tether (USDT) although giving themselves as financial advisers specializing in cryptocurrency mining.

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SHOP.COM, an online retailer currently accepting crypto payments

September 5, 2021 by Syed Ahad

SHOP.COM an American e-commerce platform currently accepts cryptocurrency payments succeeding in a collaboration with payment provider BitPay.

The partnership lets customers pay for their stuff through the BitPay wallet at the checkout phase.

Presently, customers can pay with Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Wrapped Bitcoin (WBTC), Dogecoin (DOGE), Litecoin (LTC), and an array of stablecoins including GUSD, USDC, PAX, DAI, and BUSD.

So proud to announce @ #MAIC2021 @shopcom is now accepting #Bitcoin , #Dogecoin, #Ethereum and more on our https://t.co/TuHqELtRWX US/CAN (more countries to follow) sites through BitPay. Low processing fees. Plus seeing how @mcuban @dallasmavs and others integrated it. Win-Win

— Steve Ashley (@steveashley) August 31, 2021

COO & President of SHOP.COM, Steve Ashley, defined the partnership as the “next chapter in purchasing products on all SHOP.COM sites” and highlighted the BitPay addition was obtainable international in all of the countries Market America works in.

“Today I’m announcing that SHOP.COM is going to be offering Bitcoin, Ethereum, and several other cryptocurrencies through BitPay,” he said.

He further said,

“We’re going to be offering this at SHOP.COM sites worldwide in all of our Market countries. We went with BitPay because they are the industry leader. They are the world’s largest in Bitcoin and crypto payment services.”

BitPay is a crypto payment service provider that allows wholesalers to handle and settle crypto payments.

BitPay presently collaborated with services such as Shopify, Microsoft, and Shopify, and newly publicized it will support Google Pay and Samsung Pay in its wallet.

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Securities regulator of Nigeria has set up a fintech team to research crypto

September 3, 2021 by Syed Ahad

Due to the government limits, several of the crypto markets of Nigeria goes underground, the country’s securities regulator are trying to make investors safer.

In 2021, financial organizations working in Nigeria have been the pedal of a government restriction on cryptocurrencies, start with February’s infamous central bank prohibition on investors providing services to crypto exchanges in the country.

With several of the Nigerian crypto market of need peer-to-peer, Nigeria’s Securities and Exchange Commission (SEC) now purposes to present regulations that could legalize the business and offer investors healthier safety.

Nigeria’s SEC, which reflects that all crypto assets ”are securities, unless proven otherwise,” will only be capable to create a regulatory background if crypto is once more integrated into the country’s banking system. The agency is also apparently seeing to operate with fintechs to support the national market for safeties to put off the capital flight, which remains to affect many sectors.

The Central Bank of Nigeria (CBN) is too joining with a Barbados-based fintech as a technical partner for its projected e-naira digital currency.

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Central Bank of Iran (CBI) to issue national crypto

September 2, 2021September 1, 2021 by Syed Ahad

The Central Bank of Iran (CBI) is in the procedure of having its virtual money (CBDC) issued, informed by a banking official.

The Central Bank of Iran seeks to cut the price of printing cash plus the risk of domestic private sector electric transactions.

CBI has been formulating itself for the past months to license imports of goods into the state through domestically mined cryptocurrencies (rial-based ones); i.e., Iran will shortly join the club of national cryptocurrency holders.

Only cryptos resulting from miners’ official by the Ministry of Industry, Mines, and Trade can be used, as per the new central bank announcement.

Authorized banks and exchange businesses that follow the CBI standards can pay for imports in cryptocurrencies.

The CBI has taken this unprecedented step in an effort to mitigate the impact of international sanctions on Iranian financial transactions with the rest of the world.

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This September, put these 4 cryptocurrencies on your watch list

September 1, 2021September 1, 2021 by Syed Ahad

This month you should put these 4 cryptocurrencies on your watch list. After a rough few months, August had cryptocurrency investors chatting about a bull run once more.

1. Cardano (ADA)

In August the price of Cardano increased by 100 percent, while September will still be a big month for the coin that needs to use blockchain to resolve real-world problems. On the 12^th of September ADA will present its smart contract functionality. (On the blockchain, smart contracts are small pieces of self-executing code). This will be enticing developers after the smart contracts are up and running.

2. OMG Network (OMG)

OMG directly works with banks and targets to make products that demand equally to present banking and those who do not presently have access to banking services.

Enya, The strategic partner of OMG and core contributor, just publicized Boba Network, which defines as a “next-generation” layer 2 solution. Layer 2 solutions talk about many protocols that sit on top of the current blockchain and recover its scalability.

OMG goals to make a wallet that individuals can use to simply transfer any asset among different payment platforms — from traditional cash to cryptocurrencies or even payment points.

3. Helium (HNT)

The “People’s Network,” as the firm calls it, combines blockchain and wifi. Helium can offer 5G connectivity around the world lacking similar prices related to traditional telecoms infrastructure.

The hotspot of helium is a bit similar to the router of wifi in a house but extremely powerful. They’re known as LongFi, and they can reach 200 times faster than a regular router. Individuals can set up Helium hotspots in their houses or offices and receive HNT tokens in exchange for increasing wireless coverage in their societies.

4. VeChain (VET)

VeChain at present increased 40% in August, as the supply chain platform remains to show what blockchain can accomplish. VeChain makes use of blockchain technology to streamline corporate procedures and keep track of each stage of the supply chain. It already collaborates with Walmart to track food products throughout the manufacturing and delivery process.

It publicized a new platform that tracks carbon footprints using the blockchain ledger. Companies can use VeChain’s service to track their carbon use across the whole supply chain in a transparent manner. Businesses might use the platform to provide “full oversight of carbon data and green claims” to their clients.

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“I am not a ‘big fan’ of cryptocurrencies”, Donald Trump

September 1, 2021September 1, 2021 by Syed Ahad

Ex-President Donald Trump expressed his dislike for cryptocurrencies in an interview on Tuesday. Trump stated in an interview that “I have not been a big fan of cryptos,”

Whereas the interview focused mostly on Trump’s response to America’s Afghanistan departure, he didn’t slip a chance to share his opinions on the vastly unstable digital asset.

The worth of BTC fell in June after Donald Trump called it a “scam.”

His comments arise just days later hedge fund star John Paulson criticized Bitcoin and other cryptocurrencies as basically “worthless.”

The former president’s son and an executive vice president in the family company, Eric Trump, In meantime highlighted his father’s derision for digital currency.

Eric Trump stated, “Typically we have gravitated to tangible assets — something one can see and touch, that has replacement cost, that’s unique, iconic.”

The price of Bitcoin has jumped in recent weeks, even after being criticized.

The previous month the price of Bitcoin fell below $30,000 but has been increasingly rising to $47,000 later that point. In the last year alone, the disreputably unstable Bitcoin dropped from around $10,000 in October to more than $60,000 at one point in April.

Crypto prices can simply be prejudiced by remarks and tweets from the likes of Tesla CEO Elon Musk — who at several points recognized bitcoin as payment for Teslas.

Billionaire investor Mark Cuban also has a past of affecting the price of cryptocurrencies with his tweets — Dogecoin rushed after he publicized he would agree to take it as payment for several products he sells as part of his Dallas Mavericks franchise.

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Cryptocurrency market that has highly impacted these businesses

August 27, 2021 by Syed Ahad

Since the introduction of Bitcoin over ten years ago, cryptocurrency has been the talk of the town.

Banking and Payments

Several financial organizations, fintechs, and biggest investment firms currently believe that crypto is the new trend of how individuals save and exchange cash. Some of the benefits contain quick processing times, less or no transaction fees, and greater safety. These progressive things will only remain to increase as more banking customers look to fit cryptocurrencies into their everyday financial routine.

Retail

Ecommerce stores are too being determined by cryptocurrencies. A variety of online stores have been taking on technology as a means of payment for numerous years now. By trading with virtual money like bitcoin, these digital traders accept to work to serve different kinds of new clients and their shopping requirements.

Tourism

When a tourist plans a trip he makes several transactions from hotel booking, car rents, food, going on trips, and many other things crypto transactions have made their way into the industry of enabling quicker and cheaper transactions with fewer commission charges. Cryptocurrencies have changed the generation of tourists to be a more comfortable substitution to older payment systems.

Mobile Applications

The normal smartphone user has nearly 80 applications installed on their mobile. But only use around 9 of these in circulation, they are still a vast part of the new mobile holder’s everyday routine. This is why cryptocurrency results for well-known mobile applications are flattering more and more extensive presently. The mobile business is working additional with cryptocurrencies than ever before, with a mission to transform app development and accessibility.

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What are the best penny cryptocurrencies to invest in 2021

August 27, 2021 by Syed Ahad

Cryptocurrencies view a boom during 2021. Altcoins, DeFi blue chips, and even meme coins saw their worth more than twice in a few days to months. This increase in their worth is something that occurs throughout each successful cycle.

Altcoins usually grow during the successful point and have a greater rate of return with an even greater risk.

However, it is not easy choosing altcoins meanwhile they are a dime a dozen, let alone penny cryptocurrencies.

You can see the top five penny cryptocurrencies to purchase in 2021.

DOGE (Dogecoin):

The innovative meme currency.

SHIB (Shiba Inu):

The dog-themed crypto has moved on from riding testimonial surfs and launched its own DEX.

XRP (Ripple):

The payment token has enormous potential to pop off if they win the ongoing proceedings.

XLM (Stellar):

However similar to XRP in several cases, XLM might hugely profit if the outcome of the SEC v. Ripple is negative.

VET (VeChain):

The blockchain that is by now helping cleaning the oceans has newly moved into the $1 billion pet food business in China.

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Bitcoin Depot announces the launch of its new mobile app

August 26, 2021August 26, 2021 by Syed Ahad

Globally leading and fastest-growing crypto ATM network, Bitcoin Depot, publicized the launch of its new mobile phone application for iOS and Android.

The new app shows Bitcoin Depot’s assurance to provide a protected and best crypto wallet experience for customers.

Bitcoin Depot has raised up its position in the market by providing clients with a suitable crypto wallet application to purchase, sell, and exchange the world’s best cryptocurrencies within minutes.

The application also allows customers to rapidly trace the nearby Bitcoin Depot ATM through an easy procedure.

Brandon Mintz, CEO & President of Bitcoin Depot, stated,

“As Bitcoin Depot continues to expand, we’ve made it a goal to meet consumers where they are so they can make informed choices about crypto and stay in the loop on industry trends wherever and whenever,”

Mintz further said,

“We’re excited to offer an easy way for users to manage their crypto, and we’re dedicated to providing a secure, encrypted experience so that customers can buy, sell, and exchange their digital assets with peace of mind.”

The wallet provides customers a unique PIN code so that the customers can store cryptocurrency safely. It provides customers with access to unique promotions as well as useful resources such as the recent trends.

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Ethereum (ETH) vs. Bitcoin (BTC) crytocurrencies

August 24, 2021 by Syed Ahad

Ethereum and bitcoin are both well-known cryptocurrencies that take use of blockchain technologies, but they are not the same.

“Ethereum is also a technology platform that enables smart contracts — which is very different from Bitcoin, which is essentially just a store of value,” says Farrington. “This aspect of smart contracts on Ethereum unlocks a lot of potential use cases that you can’t do with Bitcoin.”

Ethereum

It’s a blockchain-based open-source platform that runs on the ether coin.

On the ETH network, developers can construct and run dApps.

The total amount of possible ether isn’t known ahead of time.

Bitcoin

It is digital money based on the blockchain.

It’s generally used to hold value or make purchases.

The amount of bitcoins that can be created is limited.

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T-Mobile is investigating a suspected theft affecting over 100 million users

August 16, 2021 by Syed Ahad

According to Vice‘s Motherboard, T-Mobile announced that it is investigating a suspected large data theft affecting over 100 million subscribers based on an allegation made in an underground forum post.

In exchange, the seller is asking for BTC. However, the seller highlighted that the data is coming through the server of T-mobile.

According to Motherboard, “T-Mobile USA. Full customer info,” This information included details such as social security numbers, phone numbers, names, physical addresses, and driver’s licenses information, the seller stated in the post.

The data contains 30 million social security numbers and driver’s licenses, while in exchange the seller wants 6 bitcoins that cost around $274,000.

As per the Motherboard, the seller claims to be selling the rest of the data privately.

“I think they already found out because we lost access to the backdoored servers,” the seller said, according to Motherboard. “It’s backed up in multiple places.”

A T-mobile representative said the firm is “aware of claims made in an underground forum” and is “actively investigating their validity.”

“We do not have any additional information to share at this time,” the representative added.

The transactions are extremely hard to trace and cryptocurrencies are under cyberattacks.

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Google Reintroduces Crypto Ads in the US, Blacklists DeFi and ICOs

August 4, 2021 by Syed Ahad

The financial products and services of Google’s advertising policy have been changed, allowing advertisers to run bitcoin ads again as of Tuesday.

However, the search engine giant has placed severe restrictions on cryptocurrency marketing.

Ads targeting US customers must be from regulated crypto firms, which must be registered with FinCEN as a Money Services Business and at least one state as a money transmitter, or a federal or state-chartered bank entity.

“The cryptocurrency products and services may only be advertised if the advertiser is a licensed provider, the products and ads comply with local laws and industry standards, and the account is certified by Google,” the policy page states.

In June 2018, Google banned advertising for initial coin offerings (ICOs) and other crypto products and services. Despite the company’s recent policy change, ICO advertising, as well as “DeFi trading protocols, or otherwise promoting the buying, sell, or trade of cryptocurrencies or related products,” are still prohibited.

It will also prohibit ad destinations from aggregating or comparing cryptocurrency or related product issuers.

Google’s financial ad policy was updated for the first time in June.

Google has the world’s largest advertising network, with advertisements showing on its search page, websites that use Google Adsense, and all of the company’s other platforms.

Due to the severe limitations, the partial lifting of the advertising ban is viewed as a positive indication by Bitcoin social media users.

Other social media companies, on the other hand, have outlawed paid marketing of bitcoin and other unsafe financial items.

Last month, Tiktok, a mobile-based video-sharing network with over a billion users worldwide, changed its branded content policy, preventing users from posting any promotional content related to cryptocurrencies and forex trading goods.

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UAE to launch digital currency over the next five years

July 13, 2021July 12, 2021 by Syed Ahad

The Central Bank of the oil-rich Gulf state, which serves as the region’s financial hub, announced on Monday that the UAE will launch its first digital currency by 2026.

Several Central Banks around the world have recently revealed similar plans and criticized the bitcoin.

The Central Bank of the United Arab Emirates has announced its goals, which include “issuing a digital currency and driving digital transformation in the UAE’s financial services sector, by utilizing the latest artificial intelligence and big data solutions”.

The announcement is part of its “2023-2026 strategy” which aims to “position it among the world’s top 10 central banks”, stated the Central Bank to state media.

Saudi Arabia and the United Arab Emirates have established a program for a common cryptocurrency for cross-border transactions in 2019.

The UAE has great tech goals, investing in AI, creating a space program, and having the regional headquarters of massive international digital companies.

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Philippines and Vietnam pursue crypto-friendly policies

July 6, 2021 by Syed Ahad

The Philippines’ national stock market wants to bring crypto assets under its supervision, and Vietnam’s central bank has been urged by the PM to launch a cryptocurrency pilot program.

Both of these countries are attempting to implement new policies to mainstream cryptocurrency.

In Asia, the Philippines and Vietnam are the countries with the most crypto users.

In comparison to their larger Asian peers — India and China, they both look more positive about digital tokens.

China and India aren’t the only Asian countries debating the future of crypto. As the popularity of digital tokens grows, smaller players such as the Philippines and Vietnam are entering the market.

According to the PSE, cryptocurrencies are an asset class that the Philippines Stock Exchange (PSE) can no longer ignore.

They also feel that merging the crypto framework into the existing exchange will make it safer for users to trade on international exchanges.

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Billionaire Tim Draper: Bitcoin will reach $250,000 by the end of 2022

June 18, 2021 by Shariq Tahir

Despite major cryptocurrencies falling drastically just weeks ago, billionaire venture capitalist Tim Draper has stated that he will stick to his initial prediction that Bitcoin will reach $250,000 (approximately Rs. 1.85 crores) by the end of 2022 or early 2023. Draper, who has invested in Bitcoin, believes the world’s largest cryptocurrency is headed in that … Read more

XRP TO PKR: Today Ripple Price in Pakistan on, 5th June 2021

June 5, 2021 by Web Desk

Today XRP TO PKR Exchange Rate – The exchange of different cryptocurrencies such as Ripple to PKR is a common practice in these countries. Ripple Price Rate In Pakistani Rupee Check the updated list of XRP TO PKR Exchange Rate (Updated 5th June 2021) Amount convert into Results 1 Ripple XRP PKR 153.51 Pakistani rupees 2 Ripple XRP … Read more

Bitcoin’s declining trend, Prices dropped below $7000

April 21, 2020April 21, 2020 by Web Desk

The Bitcoin could potentially be forming a new downtrend as now the price dropped below $7,000 after hitting a resistance of $7500. Media reports said that this fall comes amid coronavirus pandemic as findings by new research shows that clear regulation has a direct effect on Bitcoin price volatility. Bitcoin (BTC) price seen its talk … Read more

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