Business

Coinbase Report Suggests Bitcoin Acts as a Gateway to Altcoins

[ad_1] Bitcoin (BTC) acts like a gateway down the altcoin rabbit hole, according to new research from Coinbase. The research found that while 60% of users buy Bitcoin as their first cryptocurrency purchase, only 24% of investors maintain the Bitcoin faith.The majority of customers buy Bitcoin and then move into altcoins. Source: CoinbaseInvestors appear more willing to consider altcoins during bull runs, such as when Bitcoin’s market dominance dropped below
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Visa Files Patent Application For Digital Currency

[ad_1] Visa has filed an application to create digital currency on a blockchain with the U.S. Patent and Trademark Office.According to the application published May 14 — but filed way back in November 2018 —  inventors Simon J. Hurry and Alexander Pierre with the Visa International Service Association in San Francisco have sought a patent for a digital currency recorded on a blockchain and controlled by a central entity computer. It
Business

CoinMarketCap Initially Rejected the Metric That Now Puts Binance at No.1

[ad_1] Crypto markets data aggregator CoinMarketCap yesterday changed its methodology to rank exchanges on their web traffic by default — a metric that puts CoinMarketCap’s new owners  Binance in the top spot. But this stands in stark contrast to the words of CoinMarketCap’s Chief Strategy Officer and acting CEO Carylyne Chan, who said in a podcast interview late last year that web traffic was “not a good indicator.”Introduced just six weeks
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Bitwala Launches Bitcoin Interest Account With up to 4.3% Annual Rate

[ad_1] Neobanking service provider Bitwala on Thursday introduced a new account that offers its 80,000 European customers passive bitcoin (BTC) income. The Bitwala Interest Account allows users to earn up to 4.3% interest per annum for BTC held at the bank. According to the Berlin-based company, account holders can buy bitcoin at Bitwala from as little as 30 euros ($32), hold it free of charge, and earn interest, which is
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Reddit Isn’t Using the Main Ethereum Network For “Community Points” Just Yet

[ad_1] After weeks upon weeks of rumors, on Thursday, Reddit confirmed that it is dabbling in Ethereum technology for a new feature called “Community Points.” These tokens are purportedly first being rolled out for r/CryptoCurrency and r/FortniteBR — two prominent forums that purportedly have 20 million monthly visitors between them. A big deal was made online of the feature leveraging Ethereum, but this isn’t 100% true, at least not yet.
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It’s “Showtime” for Bitcoin Once it Breaks Above $10,500

[ad_1] Bitcoin incurred some explosive overnight momentum that allowed it to reach to highs of $10,000 before facing a slight rejection The cryptocurrency now appears to be well positioned to see further upside as its market structure begins growing incredibly bullish Analysts are now widely noting that all the signs seem to point towards Bitcoin making a visit to $10,500 If the crypto is able to firmly surmount this level,
Business

The VC Who Argued ‘’Death Spiral’ Scenario May Be Right After All

[ad_1] The signs of the apocalypse are upon us: Bitcoin (BTC) transaction fees peaking, block time increasing, and the mempool is becoming congested — all as predicted by Zach Resnick, a managing partner at Unbounded Capital.Flash crush is more likelyWhen Resnick spoke to Cointelegraph on May 8, he argued that the “death spiral” scenario is not priced in and that the community underestimates its probability. He claimed that there is
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P2P Marketplace CryptoLocally Adds TRON Based USDT

[ad_1] CryptoLocally has opted for the Tether USD (USDT) token on the Tron blockchain for its P2P platform that allows users to trade Bitcoin, EOS, Tron, Binance Coin, and seven other cryptocurrencies. According to a blogpost, CryptoLocally opted for the TRC-20 version of USDT to leverage “TRON’s high-performance blockchain,” as part of the platform’s plan “to support digital assets that will bring more value into our ecosystem.” Tether (USDT) is a
Business

Negative Interest Rates Give BTC an Opportunity to Shine, Report Claims

[ad_1] A report claims that negative interest rates present Bitcoin (BTC) with a unique opportunity.The May 14 report, published by Stack Funds, stipulates that if the interest rates in the U.S. turn negative in the near future, it will force market participants to look for alternatives to traditional assets. This could present Bitcoin with a real opportunity to garner institutional adoption.Negative interest ratesIt is important to keep in mind that
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Veteran Investor Says Bitcoin Price Surge to $467,000 is ‘Achievable’

[ad_1] Raoul Pal, the CEO and founder at Real Vision, believes the price of Bitcoin (BTC) can reach $476,000 in the long-term. Pal is not alone in this belief as hedge fund managers like Morgan Creek Digital’s Mark Yusko have also made similar predictions in the past.Currently, the price of Bitcoin hovers at around $9,700 and high-profile investors like Max Keiser and Mark Yusko believe Bitcoin can rise to $500,000