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Bitcoin

Bitcoin.org gets hacked by online scammers

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Bitcoin.org

The first website about bitcoin (BTC), Bitcoin.org, got hacked by online scammers and down as of the time of writing. Bitcoin.org’s anonymous curator, Cobra publicized that the website was dealing with hackers handling to put up a scam notice on the web. BTC developer Matt Corallo tweeted that “Looks like Bitcoin.org got hacked and the … Read more

Ripple price prediction: XRP price to face various hurdles along its drive

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Ripple price prediction

Ripple price endures brawling as it attempts to flip the $0.964 to $1.01 supply sector into a demand barrier, while Bitcoin and Ethereum remain to make headway. A potential point in purchasing pressure that shoves XRP price to produce an everyday close above $1.01 will specify the resurgence of purchasers. In such a case, investors … Read more

From February miners have accrued $600M worth of Bitcoin

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Bitcoin

As per on-chain analytics provider Glassnode, Bitcoin is accumulated by miners as the network hash rate remains to recover. In its Sept. 20 Week on Chain report, Glassnode said that miner Bitcoin balances are growing, with wallets related with miners having stored 14,000 BTC (worth roughly $600M) over the past six and a half months. … Read more

Ethereum price prediction: ETH price attempts to arrive at the safe zone

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Ethereum price prediction

Ethereum price was on a fit uptrend after the September 7 clatter, however, things twisted around rapidly when Bitcoin (BTC) fell. ETH dropped straight through the demand region, spreading from $3,015 to $3,338. Though, disparate from the big cryptocurrency, ETH price locked below the lesser limit of the said barrier at $3,015. ETH is struggling … Read more

Bitcoin price prediction: BTC price waits for confirmation of a new uptrend

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Bitcoin price prediction

Bitcoin (BTC) price plunged into the claimed zone, reaching from $38,207 to $42,206 on September 21, but the renaissance of purchasing pressure hardened up against its back. At the time of writing, Bitcoin was trading well above the higher limit of the said support part. A further upsurge in bid orders will probably shove the … Read more

Over 200 Bitcoin (BTC) ATMs were installed by El Salvador for easy buying and sale

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El Salvador

El Salvador becomes the first state to accept bitcoin (BTC) as legal tender within its borders. It did so less than two weeks before, and so far, the BTC trial has been somewhat divisive, although not negative. As per recent reports, The country does not appear to regret the decision and is as an alternate … Read more

Bitcoin Price Forecast: It’s remained a bearish start to the week

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Bitcoin

It’s remained a bearish start to the week for the majors, with provision levels in play across the board. A Bitcoin (BTC) return to $47,500 would be required to return confidence. After a bearish end to the week for BTC and the broader market, it’s been a mainly bearish morning. At the time of writing, … Read more

ECB President allotted a ‘Suspicious’ caution over cryptocurrencies

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cryptocurrencies

Bitcoin (BTC) and cryptocurrencies have shattered in value over the previous year, making the joined cryptocurrency market cost an astounding $2.1 trillion. In April the price per BTC is at nearly $65,000 after a blistering six-month rally has been stable at around $50,000 for now. For now, the price of ether (ETH) has risen even … Read more

US and Singapore firms partnering to increase Bitcoin adoption

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Bitcoin

Hodlnaut a Singapore-based cryptocurrency loaning platform will collaborate with Okcoin, a US-based cryptocurrency exchange in an effort to increase bitcoin adoption among the users. Hodlnaut stated that this collaboration will enable users and those on Okcoin to buy cryptos and receive prizes on their holdings. The loaning platform further said that users in Singapore already … Read more

Businesses expand further into crypto as institutional interest jumps

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BTC

RIYADH: The two leading cryptocurrencies extended losses with Bitcoin falling 3.91 per cent to $44,126.75 at 5:29pm Riyadh time and Ether slipping 7.8 per cent to $3,165.26, Arab News quoted the data from CoinDesk. Despite the decline, different companies around the world are investing in cryptocurrencies and countries devising policies to regulate these digital coins. Nasdaq-listed MicroStrategy … Read more

MicroStrategy now holds a total of 114,042 bitcoins (BTC)

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MicroStrategy

MicroStrategy a business intelligence software company stated that the company now holds a total of 114,042 bitcoins (BTC), which were assimilated for a total of $3.16 billion and at an average price of $27,713 per BTC. Nasdaq-listed MicroStrategy stated that it has bought around 8,957 BTC for $419.9 million in cash during the third quarter … Read more

Foreign investors exempt from tax on Bitcoin profits: El Salvador

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BTC TO PKR

SAN SALVADOR: El Salvador will exempt foreign investors from taxes on profits on Bitcoin speculation in the country, a government adviser said, after it became the first to recognise the crypto-currency as legal tender. “If a person has assets in Bitcoin and makes high profits, there will be no tax. This (is done) obviously to … Read more

Ukraine, the newest state to legalize Bitcoin and cryptocurrencies

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Ukraine

Parliament of Ukraine has accepted a new law that authorizes and regulates cryptocurrency and other virtual assets like tokens.

The bill was approved in a near-unanimous vote and will now need to be signed by President Volodymyr Zelensky.

Ukraine is the fifth state in as numerous weeks to set up ground rules for digital currencies succeeding El Salvador’s move to adopt Bitcoin as legal tender.

However, Ukraine has not gone as far as El Salvador, which adopts Bitcoin as an authorized form of payment together with US dollars.

As per the Ukrainian draft bill, the law will order “legal relations arising in connection with the turnover of virtual assets in Ukraine, defines the rights and obligations of participants in the virtual assets market, the principles of state policy in the field of virtual assets”.

Cryptocurrencies in Ukraine have long been in a grey part, being neither lawful nor banned due to a lack of present laws that defined them and their usage.

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

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BTC

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

Jurrien Timmer: adoption of bitcoin by El Salvador is “a little bit overplayed”

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Jurrien Timmer

Bitcoin move of El Salvador is “a little bit overplayed” Fidelity Investments director Jurrien Timmer stated.

El Salvador’s adoption of Bitcoin (BTC) as legal tender is broadly famous across the cryptosystem, but one expert believes the rank of the rollout was a little bit overstated.

“Because it’s not like El Salvador has dropped the U.S. dollar as its peg,” Jurrien Timmer clarified. He further said, “It’s not like it switched from dollars as its currency peg to Bitcoin.”

Repeating that the country still has the dollar and individuals can choose to be salaried in dollars or pay in dollars, he further said that the acceptance is on a voluntary basis.

But, paying in Bitcoin is voluntary in El Salvador, local merchants in the country are instructed to accept and process BTC transactions.

Timmer noted that Bitcoin is being verified, for the first time, as a medium of exchange is different from a store of value.

The Fidelity exec likened Bitcoin’s present moment to an “adolescent’s coming of age” like gold was in the 1960s:

“Although it’s in reverse; because gold went from being money to being an asset class in the seventies. Bitcoin is trying to go from being asset class to also being a currency or being money.”

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CrossTower a US crypto exchange reaches India

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CrossTower

CrossTower is making a bet on the increasing crypto market in India even though the doubt over the authorized status of Bitcoin in the country.

US-based cryptocurrency exchange CrossTower is increasing procedures to India even with the continuing legal doubt over local crypto regulation.

CrossTower has set up a local division in India and hurled a crypto trading platform to gain the rising multi-billion dollar market. CrossTower India has now onboarded 35 workers and is seeing to increase its team up to 100 individuals in the next six to nine months.

CrossTower supposes its Indian exchange to fund its plans to increase more across the world. “India will play a pivotal role and we plan to use the country as a hub to expand into other geographies,” CrossTower co-founder and CEO Kapil Rathi said.

The entrance of CrossTower in the market of India aims at the constant uncertainty over the legal status of cryptocurrencies like Bitcoin (BTC) in the country. Numerous suspected government sources had before stoked fears of a future crypto ban, reportedly signifying that the Indian government was forming to carry out a blanket ban on the industry.

Despite this, India’s countrywide investments in crypto rushed 600% over the past year, increasing from $900 million in April 2020 to $6.6 billion in May 2021.

“We believe we are taking a calculated risk,” Rathi said.

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Bitcoin becomes legal tender in El Salvador

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BTC TO PKR

El Salvador on Tuesday became the first country in the world to accept Bitcoin as a legal tender, despite widespread domestic scepticism and international warnings of risks for consumers. President Nayib Bukele’s government claims the move will give many Salvadorans access to bank services for the first time and save some $400 million in fees … Read more

SHOP.COM, an online retailer currently accepting crypto payments

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SHOP.COM

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.

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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Dominance of Ethereum in the cryptocurrency market reaches 21%

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Ethereum

Ethereum, the world’s second-largest digital currency, saw a solid bullish rally on Friday later ETH moved the price level of $3,980, the peak level since May 2021. Ethereum is presently looking at its all-time high of $4,170.

The overall market cap of ETH soared upstairs $460 billion on Friday

As per Coinmarketcap, the newest rally in ETH is triggering a sharp flow in the total crypto market supremacy of ETH. The digital asset currently accounts for around 21% of the overall crypto market cap.

Instead, Bitcoin saw a decrease in its total share of the crypto market as BTC’s supremacy touched 41%. Ethereum is now up by further than 25% in the previous seven days. The overall market cap of ETH was greater than before by more than $100 billion this week.

Market Analyst at eToro, Simon Peters, said,

“ETH is surging today and looks close to breaching the $4,000 level. This rally takes it closer to ETH’s all-time high of $4,177 set in mid-May this year. Often, other than general market sentiment, it can be hard to identify why a particular asset is rising in value, as momentum can carry values higher. But in the case of ether (ETH) right now, a number of factors are creating significant upward pressure on the price of the coin. Firstly, the number of transactions happening on the Ethereum network is increasing again, but perhaps more significantly the gas being used on the network is near all-time highs,”

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Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) price forecast

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Bitcoin (BTC)

The price of Bitcoin (BTC) increases many times over the last past week. Yet, the new increase appears to be taking the next shot at this barrier and is expected to push through it, start over the Bull Run.

Ethereum (ETH), Ripple (XRP), and various other altcoins have by now begun rallying with certain accomplishing new all-time highs.

Bitcoin (BTC) price reaches at $50,000 psychological level

Bitcoin price gets through $50,000 on August 23 but was unsuccessful to bear itself above that level, leading to a sell-off. Although Bitcoin tried getting better from this smash, leading to a constricted consolidation in the middle of $50,000 and $46,000.

The current increase sliced through the persuaded resistance level and is trying to take over the $50,000 psychological level successfully.

Ethereum (ETH) price practices exponential gains

Ethereum price remained calm for nearly a month after breaching the $3,000 psychological level on August 7. The consolidation from August 7 to August 30 set up roughly the same highs and higher lows, leading to the creation of a rising triangle.

This bullish pattern saw an escape on September 1, which led to a 20% increase that shaped a conclusive daily nearby above a decisive resistance level at $3,716. This change opens a resistance-free track for Ethereum price up to $4,071.

Hence, investors can guess ETH to tag another psychological level shortly.

Ripple (XRP) price remains to move forward

Ripple price has stood consolidating since late Nov 2020, making higher highs and higher lows. Linking trend lines laterally the higher highs and higher lows affect the establishment of an rising corresponding channel.

In recent times, Ripple (XRP) has sprung up off another hurdle at $1.09 and is near to pointing a resistance barrier at $1.27. If the bulls succeed to produce a conclusive close above $1.27, it will settle the start of a fresh uptrend and push XRP price by 36% to the third hurdle at $1.70.

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Twitter reportedly working on a Bitcoin tipping feature

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Twitter

Twitter has reportedly launched a Bitcoin tipping in a limited beta release. Twitter users may be able to tip each other using Bitcoin in the near future.

Whereas Twitter is yet to officially publicize the feature, MacRumors has reported that it has been contained within a limited beta release.

Distinctly, mobile developer Alessandro Paluzzi also leaked a picture of what looks like a feature letting users “receive tips in Bitcoin.” The beta release has reportedly been made available to a partial number of users so far.

Bitcoin tipping may be added to the “Tip Jar” service Twitter launched earlier this year. Presently, Tip Jar lets users join their Twitter profiles to payments services like Square’s Cash App, Patreon, PayPal, and Venmo to support content creators.

The Lightning Network, a Layer Two payment protocol based on the Bitcoin blockchain, would be used for the feature, as per the screenshot. Micropayments on Bitcoin are commonly made with Lightning.

It uses state channels to allow quicker Bitcoin payments with lesser fees than the main Bitcoin network. Instead of downloading the full Bitcoin customer bulge, Lightning supports light clients for rapid syncing.

CEO Jack Dorsey, founder of Twitter is known for his interest in Bitcoin. He has defined it as the best entrant for the “native currency” of the Internet in the past.

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

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Donald Trump

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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Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) price prediction

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Bitcoin (BTC)

The price of bitcoin (BTC) is presently increasing, whereas Ethereum (ETH) and Ripple (XRP) prices are experiencing alliance. But Ethereum and Ripple might have a greater return than the large crypto since they are winding up at vital levels and might practice a possible increase.

Bitcoin (BTC) price eyes a greater high

After a current crash, the bitcoin price is presently combining under the 50% Fibonacci retracement level at $47,216. This origin might carry on to head lesser and retest the great chance reversal zone reaching from $45,309 to $46,427.

Ethereum price loops up for an enormous move

The price of ETH exhausted its purchasing motion as it sliced in the air, the $3,000 inner level, and has been uniting since then. However the $3,087 uphold level has been increasing, the inbound decrease may retest this barrier.

This alliance is the key cause for an increase, but if the big cryptocurrency lifts off, there is a great possibility ETH might simply break over a tough confrontation level at $3,375. Elsewhere, the clever contract token wants to rally and claim the $3,716 supply barrier to have a bang on retesting the $4,000 inner level.

Ripple price contemplates a 50% increase

Ripple price reassembled 92% from August 5 to August 15 and set up a swipe great at $1.35. After setting up a native top at $1.35, the bullish motion looks to have disappeared, which caused the creation of lesser highs with equivalent lows.

Seeing the progressive views of the big crypto and the overall cryptocurrency market, investors can assume a higher change. A conclusive near above the upper trend line at $1.19 will authorize a breakout, but a rapid close above $1.33 will show the start of a new uptrend.

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Bitcoin and Ether are struggling, today’s cryptocurrency prices

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Cryptocurrencies stay low for the past 24 hours. As bitcoin starts recovering all the other famous cryptocurrencies dropped.

Cryptocurrencies stay low for the past 24 hours. As bitcoin starts recovering all the other famous cryptocurrencies dropped.

Cryptocurrencies remained under pressure for the past 24 hours as they struggled to find support amid high volatility. Though some recovery has been observed in Bitcoin, all most other popular cryptocurrencies fell.

Cryptocurrencies stay low for the past 24 hours. As bitcoin starts recovering all the other famous cryptocurrencies dropped.

The cryptocurrency market has been harried due to a dense sell-off since Tuesday. Bitcoin was trading at $47,121.64, up 51 percent at 11:30 am. Bitcoin’s worth has dropped over $240 in the past 24 hours and its market capitalization has been greater than before slightly to $885 billion.

Ether’s valuation has also dropped over the past 24 hours. It was trading at $3,105.63, down 0.48%. Its market capitalization has fallen to $363.87 billion.

Other altcoins like XRP, Cardano, Dogecoin, Stellar, Chainlink, Polygon, and Litecoin chop down.

The present weakness in the cryptocurrency market will disappear in the near time due as digital coins observe greater adoption across the world.

Edul Patel, CEO, and Co-founder of Mudrex, a global algorithm-based crypto trading platform, after observing the weakness stated, “The past 24 hours were highly volatile for the crypto markets. Both Bitcoin and Ether made struggled to find support”

He added,

“The entire market felt the shivers of this volatility. Altcoins went under the hammer,”

He concluded,

“However, towards the end of the day, there was some recovery as Bitcoin seemed to settle around the $47,000 mark.”

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Cryptocurrency market that has highly impacted these businesses

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Cryptocurrency

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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Binance Coin BNB is still one of the most bullish cryptocurrencies

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Binance

The coin of Binance is increasing its value one more time, as it continues to rise until yesterday, whereas the other cryptocurrency market decreasing in the last some days.

The price increase to $518 yesterday, which means furthermore than doubling up its value after the smash in May.

That is more than bitcoin’s 70% higher from lower $30,000 and even earlier the trend curved bullish, BNB coin was presenting strength point.

Until May and July Binance coin was higher low point throughout the bearish period when most of the cryptocurrency market was declining.

Binance coin had a high increase of 20 fold in the starting months of this year. That strong flow seems to continue yet again for BNB coin, in spite of Binance exchange being investigated by the banking institution, which is coming from governments.

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Bitcoin on the second day continues to decline by 5%

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Bitcoin

The largest worldwide cryptocurrency, Bitcoin (BTC) continues to decline for the second day. Today the price of BTC has declined further down 5%, i.e. less than $46,600.

At the beginning of August, the value of BTC was higher, it was at the peak since mid-May at approximately $44,000 on 8 August.

Bitcoin is a highly well-known digital currency and has been known by individuals for a decade now since its introduction back in 2009.

When BTC was rising its market capitalization crossed $1 trillion, meeting with tech giants such as Amazon, Google, and Microsoft.

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Google Play Store wipes off 8 crypto mining applications

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Google Play Store

Google Play Store: Eight misleading crypto mining applications have been wiped off from the Google Play Store on account of trapping users.

The apps were exposed to be fake and misled users into viewing ads, as per the security company, Trend Micro. The apps were posing as cryptocurrency cloud mining apps letting users earn crypto by investing in a cloud-mining process.

According to Trend Micro, the applications were chasing users into viewing advertisements, paying a monthly amount of $15 or about Rs 1,100 for subscription services and paying for “mining capabilities” improvement lacking any return on investment.

The eight applications that were removed by Google Play Store are, Bitcoin Miner – Cloud Mining, Crypto Holic – Bitcoin Cloud Mining, Ethereum (ETH) – Pool Mining Cloud, BitFunds – Crypto Cloud Mining, Daily Bitcoin Rewards – Cloud Based Mining System, Bitcoin (BTC) – Pool Mining Cloud Wallet, MineBit Pro – Crypto Cloud Mining & BTC miner, and Bitcoin 2021.

Furthermore, MineBit Pro – even registered in its terms of use that it was only an educational simulation/game that would aid users to study extra about the crypto money ecosystem, adding that any repayment for buying of virtual goods was not guaranteed.

Trend Micro is concerned that searching for cloud mining in the Play Store brings up a slew of similar apps, some of which have over a million downloads.

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