Latest cryptocurrency and bitcoin news
Crypto markets are multiplying recent gains, with 97 out of the top 100 coins by market cap in the green, Dogecoin up more than 40 percent on the day.
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Ethereum core devs have decided to delay the “Difficulty Bomb” for 12 months and reduce the block rewards
The CBOE is reportedly planning to launch ETH futures trading by the end of this year.
A recent study states that hard forks threaten the stability of cryptocurrencies, while suggesting the necessity of developing better governance.
An upcoming cryptocurrency exchange says it will keep exhaustive accounting records that are regularly audited — and make efforts to comply with the regulations in their jurisdiction, along with international laws.
IBM has become a founding member in a decentralized cross-blockchain registry for blockchain projects.
Mexican banks that provide crypto services and crypto exchanges must now apply for permits with the Bank of Mexico in order to legally carry out their operations.
A TrustNodes study says that ICO projects sold 160,000 ETH in the past 10 days – three times the amount sold by ICOs in the month of August.
Obtaining Bitcoin is not as simple as purchasing fiat currency. There are several things you need to know to secure such a purchase. The first thing you need to know becomes where to store the Bitcoin you buy. Since it is a digital currency, you need a digital storage area, known as a wallet in the cryptocurrency world. The wallet essentially stores private keys you use to access your funds when you need to spend them. The keys are like your ATM card pin, without which you cannot access your money.
You can then go ahead to buy your digital currency once you have your wallet in place. There are currently six secure places where you can purchase Bitcoin.
ATM
Automated teller machines designated for Bitcoin dispensing are a completely new concept. They offer the most private purchasing experience and will quickly gain ground across the world. You get charged a 3-8 percent commission on your purchase above standard exchange price. And all you have to do is feed the machine funds then scan your wallet’s QR code to get the digital currency deposited. You can optionally get the systems in paper form with directions on how to collect the BTC. These ATMs can never get found in countries that have outlawed Bitcoin or digital currencies.
Gift Cards
Gift cards often get purchased by Bitcoin, and the reverse is also true. You can buy Bitcoin using gift cards as several Bitcoin exchanges have sellers who deal in this particular exchange type. You purchase a gift card from a retail store and log into a Bitcoin exchange service. You may need to send an image of the gift card’s code plus the receipt of purchase or send an e-code. The difference depends on the seller with whom you connect. Gift cards tend to save you money as you can purchase them at even 60 percent of their actual value, making them one of the most affordable ways to buy Bitcoin.
Exchanges
Exchanges offer the most open platform for traders to purchase cryptocurrency. They get regulated by the country’s government and require that their clients give their details before engaging in trade. They also need clients to connect active bank accounts to their exchange accounts before they can begin transactions.
Giving details can be a deterring factor to some individuals as it takes away anonymity from Bitcoin trading. The advantage exchanges bring to provide a variety of options to traders and allow fair competition among sellers.
Exchanges also offer Bitcoin storage facilities. The downside to that is they are prone to hackers or even shutting down suddenly, making them unfavorable for cryptocurrency storage. Such incidents have happened before with traders undergoing irreversible losses.
P2P
Peer to peer involves buying Bitcoin from an individual seller. The advantage of this kind of purchase is you can keep the transaction anonymous. You have the option of meeting face to face, meeting in a group setting, or transacting online. The most secure of this becomes the group setting, with several buyers and sellers coming together for mutual benefit. You get to learn a lot from those who have gone before you and gain exposure from different approaches to Bitcoin trading.
Take utmost precaution while transacting online or face to face with a seller as many have been duped this way by fraudsters. Always have a witness with you if meeting physically with a seller. Meet in an open and public space where you can raise the alarm if something goes wrong. For online deals, try to get trusted sellers who have a proven track record in the trade. Referrals work better in such transactions where you are referred to a seller by a friend.
Bitcoin Investment Trust
This investment body is one-of-a-kind. You get to invest in Bitcoin without purchasing any cryptocurrency. You save your money in the trust, which pools the funds sent by investors and funds on your behalf. It currently has an investment pool of $1.8 billion with an appreciation of 1,600 percent from its inception.
The ingenuity of this approach ensures you never have to buy Bitcoin yourself. You also learn about cryptocurrency without the fear of undergoing losses or being duped in a deal.
Final Take
While Bitcoin has been around since 2009, it is still evolving. Because of this, some governments are still wary of it. Sellers prefer hard cash or direct deposit from the bank to sell you the digital currency, so they don’t get the transaction reversed after transferring Bitcoin. Bitcoin currently has no reverse option in its system.
Remember also to be cautious when buying the cryptocurrency as there are many fraudsters out there. Use trusted sellers as much as possible. The digital currency world is a continually evolving space, and there will be other avenues created for accessing Bitcoin in the future. Security measures will get better and digital currency will continue to get embraced globally.
The possible launch of Ether futures could have both positive and negative ramifications for the cryptocurrency.
Privacy-oriented Brave browser has filed complaints against Google for violating E.U. regulations on user data privacy.
Nowadays, the news about cryptocurrencies is everywhere, and anyone in the world knows
about them. Recently Bitcoin hit its record, reaching $60.000. Therefore, it is not surprising that one of the world’s wealthiest people – Elon Musk, keeps investing billions in crypto.
Crypto trading has become more and more widespread. However, the options for using cryptocurrencies are not as broad as the traditional currencies because of their unstableness. Still, day by day, more and more large companies use cryptocurrencies in various industries. Customers can use cryptocurrencies as a legal payment method for goods and services. Now, some of the largest and most worldwide-known companies accept cryptocurrencies. So, if you are thrilled to learn about some companies that can make your life easier as a cryptocurrency user, you are in the right place at the right time. Below you can find a list of the 9 largest companies that boiled down to allowing their customers to pay with cryptos.
Coca-Cola
Amatil, a leading beverage bottler and distributor of the Asia-Pacific region, has enabled cryptocurrencies as a payment method through a partnership with the Centrapay platform. As of 2020, Australia and New Zealand have more than 2,000 vending machines that accept crypto for drink payments.
Amazon
Earlier this year, the world was informed that Amazon was joining the ranks of other tech giants, including Facebook, laying the foundation for its exclusive cryptocurrency. Amazon doesn’t accept cryptocurrencies directly yet. However, the buyers can purchase Amazon coupons through Bitrefill, a cryptocurrency platform. It is a platform that makes life easier with cryptocurrencies. This platform allows its users to convert Bitcoin into gift cards and refill their phones.
Starbucks
After a thorough experiment, Starbucks customers can use the new Bakkt app to pay for drinks and other goods on the coffee chain using converted Bitcoin. According to the app’s creator, 500,000 people have embraced an invitation-only early access program to test digital wallets as a payment method.
Mastercard
In November, Mastercard announced that network partners could allow consumers to buy, sell and retain cryptocurrencies through their digital wallets and reward them in digital currencies as part of their loyalty program.
The credit card giant will cooperate with Bakkt Holdings Inc, a digital assets platform, to provide its customers with the new crypto services.
Visa
At the end of March, credit card company Visa confirmed that it was planning a pilot project to use Crypto.com to accept cryptocurrencies to process transactions in its payment network. They are now accepting USD Coin (USDC), a stablecoin crypto that is fixed at the US dollar value.
Microsoft
It is significant for cryptocurrencies’ reputations that a large software company like Microsoft accepts Bitcoin payments. To some extent, it can inspire confidence in cryptocurrency users. The users can utilize Bitcoin to pay for many services such as Xbox Live and Skype. Moreover, that’s not the only interest the company has in cryptocurrency. At the end of March, Microsoft also used blockchain to launch ION, a two-tier authentication platform on the Bitcoin network. Instead of making payments, this technology creates digital IDs to authenticate online identities.
Tesla
Earlier this year, the company initially announced that it would accept Bitcoin payments for vehicle purchases in the United States. It is due to Elon Musk’s investment of $ 1.5 billion in cryptocurrencies in February. However, things have changed, and now Tesla will put Bitcoin transactions on hold until more than 50% of the tokens are mined with renewable energy.
Pavilion Hotels & Resorts
Hong Kong-based Pavilion Hotels & Resorts Group is the first international hotel chain to accept cryptocurrency payments. The hotel group owns properties in Amsterdam, Madrid, Lisbon, Rome, Bali, and Phuket. Since July, it has begun accepting reservations with 40 different tokens, including Bitcoin and Ethereum, in partnership with the Coindirect payment platform.
LOT Polish Airlines
In 2015, LOT Polish Airlines said it would accept Bitcoin as a flight payment method. Six years after the decision, LOT is one of the few European airlines to allow cryptocurrencies as a payment option.
It’s December 1, and this monthly coin race shows that November was a mixed bag for the crypto market. Compared to October, the entire market lost last month due to the loss of smart contract platform tokens such as Bitcoin (BTC),Polkadot (DOT), Cardano (ADA), and the two most essential meme coins. Performance has deteriorated much. Bitcoin saw a noticeable fix during the month. Some investors also ended the month far from the closing price of $ 98,000 predicted for November by a renowned Bitcoin analyst, Plan B.
Top 10 coins in November
Some coins worked much better than others. The top 10 coins by market capitalization showed different performances in November. Bitcoin reached a record high of about $ 69,000 on November 10. However, it has fallen by more than 20% since then, reducing some of its recent losses. For now, BTC is just under 18% below its highs and is trading at around $ 57,000.
As for the other significant coins that suffered last month, the recent trend meme coin Dogecoin (DOGE) was hit hardest by selling pressure. The original meme coin was competing with the Shiba Inu (SHIB) for meme coin dominance. It dropped 21% a month after failing to reach record highs in August and October. Following DOGE, Cardano’s ADA token lost almost 20%, the second-lowest performing this month on the top 10 list. Tokens have been steadily declining since reaching a record high of $ 3.1 on September 2, almost 50% below that level. The coins that performed well in November, Binance coins (BNB), stand out among the excellent cryptography. Binance’s stock exchange tokens rose more than 20% during the month to a price of $ 633, not far from the consistently high of just over $ 690 on May 10.
Best from the top 50 in November
Expanding the range to cover the most valuable 50 coins by market capitalization, many of November’s best performances were small-cap coins that weren’t the largest. The best of the group was GALA, a token issued by the blockchain gaming company Gala Games. Tokens experienced a significant recovery in the second half of November, increasing by almost 700% in two weeks. The rally took place amid rising bullish movements in the cryptocurrency game and Metaverse sector. In the same broad category as GALA, the Metaverse Token was the great Sandbox (SAND) with a monthly profit of over $ 300% and $ 6.75. Nevertheless, the current price is still below the record high of $ 8.49 for the token hit on November 25. MANA, the token used in Decentraland’s virtual world, rose nearly 69% to trade at $ 4.58.
Worst from the top 50 in November
Moving to the worst-performing of the top 50 coins ranked by market capitalization we should note that this month the numbers were more green than red. However, many coins suffered in November. The top three coins with the best performance in the top 50 rose 553%, 303%, and 238%, respectively, while the three worst-performing coins lost 34%, 26%, and 21%. The group of coins Cosmos (ATOM) lost nearly 26% in a month. The currency has fallen almost 40% from its record high of $ 44.80 on the 20th of September, trading at $ 27.63. Among the other notable coins that suffered losses, Fantom (FTM) could also be mentioned, with the currency dropping more than 21% in a month to a price of $ 2.17. However, it is worth noting that FTM saw significant increases in August, September, and October before November. In addition, the Decentralized Application Platform (Dapp) Near Protocol’s NEAR token stood out as one of the major losers in November after a record high of $ 13.2 in October. Currently, tokes are about 35% below this level. On the other hand, as mentioned above, meme coins such as DOGE and SHIB also stood out as part of the biggest losers in November.
Winners & losers from the top 100 & 200
If you zoom in further and look at the 100 most valuable coins by market capitalization, you can see that some coins more than doubled in price last month, further boosting the best performing GALA. For other coins that have not yet been discussed, the Decentralized Exchange (DEX) Token Loop (LRC) stood out with an increase of almost 336%, while the crypto.com coin (CRO) was well above 200%. In addition, AVAX tokens from Avalanche, a smart contracting platform that attracted attention to Ethereum at a high price this year, rose almost 100% last month.
Finally, let’s look at the movement of small, little-known coins in the top 200 ranked by market capitalization. Here, CEEK, the token used in the virtual reality platform of the same name, has risen to a whopping 722nd place, moving from a record high to another high on a nearly vertical line. The worst-performing one of the top 200 coins in November was SafeMoon, a coin that ironically promises to “take the owner safely to the moon.” Now, the currency is trading at $ 0.000002, lower by about 55% than it was in November.
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