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Bitcoin Price Up 400% Since CashApp First Began Letting Users Buy

Post author By BitcoinMagazine
Post date 3Y

It’s now been six years that one of the largest financial players in payments has been supporting Bitcoin.

Indeed, November 14, 2017, marks the date that Jack Dorsey’s Square, now rebranded as Block, began letting customers buy and sell Bitcoin. The move came at a time when Bitcoin’s price was surging in the wake of the Block Size wars, with the price topping $7,000 on its way to a peak of $20,000 that year.

Fast forward to today, and Bitcoin’s price has surged by an astonishing 400% since Block’s inaugural foray into facilitating cryptocurrency transactions, marking a notable chapter in the evolving landscape of Bitcoin finance.

Still, more notable is this event seemingly played a role in…

Commerzbank granted crypto custody license in Germany

Post author By cointelegraph
Post date 3Y

The German bank Commerzbank has been granted a crypto custody license by local regulators, according to an announcement released by the lender on Nov. 15.

Commerzbank says it is the first “full-service” German bank to be granted this license in the country under the legal framework of the German Banking Act (KWG). This allows it to offer custody of crypto assets and will enable it to offer “further digital asset services.”

Dr. Jörg Oliveri del Castillo-Schulz, the chief operating officer of Commerzbank, said that acquiring the license is an “important milestone.”

“This highlights our ongoing commitment to applying the latest technologies and innovations, and it forms the… Read more on Cointelegraph

Could A Bitcoin Spot ETF Result In Wide Spread BTC Adoption?

Post author By BitcoinNewsCom
Post date 3Y

BitcoinNews.com is not investment advice.

Opinions expressed are entirely their own and do not necessarily reflect those of BitcoinNews.com

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by BitcoinNews.com to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of BitcoinNews.com

BlackRock Bitcoin ETF | Stablecoins Adverse Effect

Post author By BitcoinNewsCom
Post date 3Y

BitcoinNews.com is not investment advice.

Opinions expressed are entirely their own and do not necessarily reflect those of BitcoinNews.com

LATEST: Bitcoin Positioned to Become Global Asset Settlement Layer, Says Mark Yusko

Post author By cryptocrunchnews
Post date 3Y

Mark Yusko, CEO of Morgan Creek Capital Management and managing partner of Morgan Creek Digital, has voiced his belief in Bitcoin’s potential as the foundation of the financial world. Speaking at a digital assets event, Yusko highlighted Bitcoin’s future role as the primary settlement layer for global assets. He envisioned a “truth net” era where blockchains underpin the Internet of Everything, with Bitcoin at the center. Yusko praised Bitcoin’s security and efficiency and criticized traditional banking systems. He foresees Bitcoin becoming the settlement layer for all assets worldwide, marking a revolutionary shift in asset handling.

Kazakhstan officially launches digital tenge

Post author By cointelegraph
Post date 3Y

The chairman of Kazakhstan’s National Payment Corporation (NPC), Binur Zhalenov, has made the first transaction with the central bank digital currency (CBDC). During his speech at the XI Congress of Finance in Almaty on Nov. 15, he paid with a debit card tied to the CBDC account, according to local outlet, Kapital.kz.

Zhalenov unveiled the official launch of the “digital tenge” on Kazakhstan’s retail market today, promising the “massive platform’s development” in 2024. According to the official, Kazakhstan collaborated with Visa and Mastercard, as well as the local banks, to integrate the CBDC into plastic cards:

“It lets you pay with a digital tenge from anywhere in the… Read more on Cointelegraph

Why is the crypto market down today?

Post author By cointelegraph
Post date 3Y

Price action across the cryptocurrency market is seeing downside in recent days, led by declines in top-ranking cryptocurrencies, Bitcoin (BTC) and Ether (ETH).

As of Nov. 15, the crypto market’s net capitalization was down over 6% to $1.32 trillion when compared to its local high of $1.41 trillion from two days ago.

Crypto market cap vs. BTC/USD and ETH/USD year-to-date returns chart. Source: TradingViewWhy is the crypto market down?

The recent decline in the crypto market can be attributed to several factors, as explained below.

“Overbought” correction

The crypto market’s recent decline occurred largely due to its excessively overbought conditions.

Notably, all the major cryptocurrencies…

Dairy Queen opens NFT pop-up store in China

Post author By cointelegraph
Post date 3Y

Dairy Queen is partnering with local nonfungible token project Weirdo Ghost Gang (WGG) to create a pop-up NFT store in Chengdu, China.

According to a press release seen by Cointelegraph, the “Ice and Snow Season” themed pop-up store is scheduled to run from Nov. 15 to Dec. 31 and will feature a variety of co-branded merchandise, such as a Dairy Queen-WGG themed ice cream. In addition, WGG NFT holders will receive exclusive perks as part of the joint venture. The project has a large following among users in the Asia-Pacific region.

The Chunxi Road in Chengdu where the Dairy Queen-WGG NFT store will open. (Source: Wikipedia)

“Beyond merely showcasing Dairy Queen’s ongoing efforts in…

LATEST: Robert Kiyosaki Advocates Bitcoin as a Shield Against Central Banks

Post author By cryptocrunchnews
Post date 3Y

Renowned investor and author Robert Kiyosaki, known for ‘Rich Dad Poor Dad,’ has taken a stand against traditional financial institutions. He asserts that central banks, like the US Federal Reserve, prioritize banks over ordinary individuals. Kiyosaki points out that central banks are investing in gold, signaling their insecurity in fiat currencies. He recommends followers to safeguard their wealth by investing in precious metals like gold and silver, alongside Bitcoin, emphasizing that central banks aim to protect themselves, not the public. His recent advocacy aligns with his belief that assets like Bitcoin are a shield against government-driven instability.

OpenSea NFT users report massive email phishing campaign

Post author By cointelegraph
Post date 3Y

Users of the major nonfungible token (NFT) marketplace OpenSea have said they are being targeted with a new email phishing attack, and have received emails containing malicious links from attackers posing as the marketplace itself.

According to social media reports, OpenSea users and developers have been targeted by various email phishing campaigns, including a fake developer account risk alert and a fake NFT offer.

One OpenSea developer took to X (formerly Twitter) on Nov. 13 to report receiving a phishing attempt to an email strictly dedicated to their OpenSea Application Programming Interface (API) key. “In other words, dev contacts have been exfiltrated from OpenSea and are the real…