OnMay 22, 2010, a Bitcoin developer named Laszlo Hanyecz bought what may have been the most expensive meal in human history when he paid someone 10,000 Bitcoins to pick up and deliver him two pizzas from Papa John’s. Given that one Bitcoin is now worth more than $30,000, those pizzas Read more…
The U.K.’s financial watchdog has a stark warning for consumers looking to profit from the latest crypto boom: be ready to lose everything. “Investing in cryptoassets, or investments and lending linked to them, generally involves taking very high risks with investors’ money,” the Financial Conduct Authority said in a statement Read more…
Adult entertainment website Pornhub is accepting cryptocurrency as a default payment for premium content, informing users they are “unable to accept credit cards” at this moment. If one wants to enjoy more than just the free video content on Pornhub, a major part of which the website has already deleted, Read more…
As Bitcoin (BTC) continues to flirt around $19,000, investors are at a crucial junction to decide whether to buy or sell. Although the institutional developments suggest a buy, the inflow data at the exchange by the Bitcoin whales suggest otherwise. On-Chain Data From Santiment Shows Drop In Wallets Holdings Large Read more…
Asheesh Birla states in a new interview that Ripple will aggressively expand its software solutions and XRP in 2021. MoneyGram and Azimo will play an important role as cooperation partners for the further adaptation of XRP. As CNF has already reported, XRP has shown strong performance in the last days and Read more…
PayPal executives raised crypto limits from $10,000 to $15,000. Currently, 10% of U.S. customers have access to buy, hold, and sell cryptocurrencies. Interest in buying crypto was more than double what PayPal expected. PayPal has grown in popularity throughout the COVID-19 pandemic, alongside rising demand for digital and contactless payment Read more…
A hedge against “massive” inflation Cramer’s kids will not understand gold CNBC’s veteran Jim Cramer claims that the $3 trln relief package made him change his mind about Bitcoin, the world’s largest cryptocurrency by market cap. “For a long time, people would say ‘well, how about Bitcoin’, and I said Read more…
Ethereum was trading at $370.46 by 22:20 (02:20 GMT) on the Investing Index on Thursday, up 10.08% on the day. It was the largest one-day percentage gain since August 1. The move upwards pushed Ethereum’s market cap up to $41.31B, or 12.26% of the total cryptocurrency market cap. At its highest, Read more…
Binance pioneers XRP derivatives Bitcoin Futures turns one Binance Futures, the futures trading platform of the world’s largest cryptocurrency exchange by reported trading volumes, is set to launch two new perpetual contracts for XRP and Ethereum Classic (ETC), according to its Tuesday announcement. The contracts will be paired against the USD Read more…
The South Korean government has announced a 20% tax rate for income generated from cryptocurrency trading. Following a Tax Development Review Committee meeting on July 22, the Ministry of Economy and Finance published its revised tax code detailing the new rules. In a section headed, “Taxation on Virtual Asset Transaction Income,” the Read more…