Author: bybito

Twitter and Square CEO Jack Dorsey, a noted superfan of Bitcoin, claimed on Monday that the cryptocurrency will eventually unite the world. Yes, really. On Monday afternoon, an amendment to the Senate’s infrastructure package that would have expanded the government’s involvement in cryptocurrency was blocked. Shortly after that, Dorsey tweeted that “#Bitcoin will unite a deeply divided country. (and eventually: world).” Dorsey didn’t specify which country, but given that he’s been tweeting a lot about the amendment since it failed, it seems likely he’s talking about the US. He hasn’t yet explained further. This isn’t the first time Dorsey has touted Bitcoin as a vague solution…

Hong Kong customs officials said Thursday they had dismantled a money laundering syndicate that used cryptocurrency to process some HK$1.2 billion ($155 million) in illegal funds, in what they said was the first successful operation of its kind. “It is the first time in Hong Kong that a money-laundering ring involved in using cryptocurrency to wash dirty cash and conceal the source of criminal assets was broken up,” Senior Superintendent Mark Woo Wai-kwan told reporters. Investigators said four men — including the alleged local mastermind of the syndicate — had been arrested and bailed while some HK$20 million had been…

1 minute readAugust 11, 202112:17 AM GMT+8Last Updated a year ago PayPal’s Venmo allows credit cardholders to buy crypto with cashback Reuters Representations of cryptocurrencies Bitcoin and Ethereum are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration Aug 10 (Reuters) – Paypal Holdings Inc-owned (PYPL.O) Venmo on Tuesday rolled out a feature that would allow holders of its credit cards to automatically buy cryptocurrencies with the cashback earned on their purchases. Cardholders will be able to buy Bitcoin, Ethereum, Litecoin and Bitcoin Cash through the “Cash Back to Crypto” feature and will not be charged fees for…

Bitcoin topped $43,000 early Tuesday while Ethereum crossed $3,000—bringing the total crypto market cap back above $2 trillion. Crypto Market Back Above $2T The crypto market is showing signs of life. Per data from CoinGecko, the global market cap for the emergent asset class broke $2 trillion for the first time since Mar. 3 today as Bitcoin, Ethereum, and other digital assets rallied. Bitcoin, by far the biggest cryptocurrency with a market cap dominance of around 40%, crossed $43,000 earlier this morning after a 4.2% jump. Ethereum also broke a crucial resistance level at $3,000, crossing the milestone for the first…

If you meet someone who dabbles in non-fungible tokens, chances are good that person trades crypto as well. Both crypto and NFTs are based on the same software and technology, both entered the public consciousness around the same time, and both represent an alternative class of investments that are risky, exciting and dominated by young buyers, sellers and traders. Find: 8 Remote Jobs That Pay at Least $20 Per HourUber Lost and Found Index 2022: The Strangest (and Most Common) Items People Leave Behind Even so, non-fungible tokens are not a type of cryptocurrency, even when crypto is considered a token instead of a…

To say that Bitcoin has had an eventful year so far would be an understatement. From record highs to quick slumps, the cryptocurrency has seen it all in the first eight months of 2021. To put things in perspective, in January 2021, Bitcoin found itself hovering around the $37,000 mark, only to move to an all-time high of over $65,000 it recorded in April. But this high was not sustained as it came to crash below $30,000 in May. Despite the fall, if one were to compare Bitcoin’s value for the same period in 2020, the leap in value is almost…

Being a crypto-friendly country has paid off in terms of adoption, as a new study about Singapore revealed. “The State of Crypto in Singapore Report 2021,” conducted by crypto exchange Gemini in partnership with CoinMarketCap and Seedly, found that more than two-thirds of Singaporeans who have financial investments currently hold crypto. The report, which sampled 4,348 Singapore-based adults who self-identify as having or being interested in personal finance and investment products, shows that 67% of the respondents currently own crypto assets. While one in five crypto holders are women, the study profiles the average Singaporean crypto holder as a “29-year-old male with…

Scammer News – We curate scam, fraud and complaint news from around the globe, helping you make a wiser investing decision. “To the moon!” is a common saying among crypto enthusiasts who buy and hold their digital assets in hopes of price doing just that – shooting to the moon. However, if you keep your crypto assets intact for a long time, your profit will only come during their growth. Crypto lending offers another way where your digital assets can work for you. Whether you want to earn interest on bitcoin tokens or use it as collateral to get more coins, several…

A “significant” bug, with the potential to expose users’ transactions, has been spotted in monero, a cryptocurrency that’s known for providing users privacy, according to a Twitter post on Tuesday. The bug was identified in Monero’s decoy selection algorithm. It occurs when a user spends their funds received in a transaction before roughly 20 minutes has passed.There is a “good probability” the output of the new transaction can be identified as the true transaction, according to the tweet.XMR allows users to conceal their transactions by including worthless coins known as “mixins” along with the actual coins they spend in a given transaction.”This does…

AMC will begin accepting Bitcoin payments for concessions and theater tickets as soon as the end of the year, marking the latest development in AMC’s hard lean into memestock superstardom. During the company’s second-quarter earnings call on Monday, AMC boss Adam Aron kicked off the Bitcoin bullet point by noting, unsurprisingly, that many of AMC’s new shareholders “are quite enthusiastic about cryptocurrency.” (If you’ve been following along with the memestock drama at home, this should come as absolutely no surprise.) He added that the company will have the technology systems in place to accept Bitcoin by the end of 2021. Bitcoin payments…