It is less than a month to go for the 3rd Bitcoin Halving and volatility has just started to increase in the market.
According to data from skew markets the Bitcoin at the money [ATM] implied volatility has been dropping since early March on all time scales. Post the events of ‘Black Thursday’ when Bitcoin lost nearly half of its price in less than a day’s time, the expected fluctuation of the coin has been falling precipitously.
It has been somewhat impacted by Covid – 19 issue, however by May 2020 we will see a surge in the Volatility.
Bitcoin is one of the most preferred investment options in the world, Bitcoin was intended as currency, rather than an investment tool. As per a new survey by Grayscale Investments, about 36% of the investors in the United States are willing to invest in BTC. That means, despite all the controversies surrounding it, BTC has a potential of over 21 million new investors alone from the US.
The report states “Investors are constantly looking for new ways to diversify their portfolios as traditional assets and markets have begun to move more closely in sync with one another. Increasingly, savvy investors recognize that bitcoin and other digital currencies may have unique investment characteristics that provide diversification far beyond the basic 60% stock/40% bond portfolio allocation.”
At a time when regulators across the globe, including the US President Donald Trump, are criticizing crypto and calling for stricter regulations, the report brings new hope for the US industry stakeholders.
This is a very good news for bitcoin traders and crypto investors! Tech Retailer Newegg Expands Bitcoin Payments to Another 73 Nations.
They made an announcement this Wednesday regarding their expansion of Bitcoin payment. They stated it will accept bitcoin in 73 additional of its country-specific stores. The news means that the cryptocurrency can be used to pay for purchases in nearly all of its 80 served nations.
They have started acception Bitcoin in 2014, soon after expanding the option to Canada.
Anthony Chow, Newegg President Global Sales said, “Five years ago, we were one of the first major online shopping destinations to accept Bitcoin, and our early-adopter customers were quick to embrace this new payment option.”
The bitcoin payments are made possible through Newegg’s partnership with blockchain payments provider BitPay.
Sonny Singh, chief commercial officer at BitPay, said in the announcement:
“Bitcoin allows users to send and receive money just as easy as sending an email, opening up opportunities for businesses and consumers globally as a secure, low-cost transactional option for the merchants. Newegg was among the first companies to see this opportunity and has continued to expand its Bitcoin acceptance to nearly all of its customers around the world.”
Union minister Anurag Singh Thakur, told the upper house of Indian parliament, Holding or trading cryptocurrencies like bitcoin is not banned in India.
The Minister of State to Ministry of Finance said, issues and concerns relating to Crypto currency is still under radar and investigation of a government-appointed inter ministerial committee.
He stressed that the Reserve Bank of India and the Ministry of Finance had issued a string of circulars and notices regarding the use of bitcoin and other similar coins.
As of now it’s cleared that Bitcoin is not banned in India! only a final report from the committee could shed more light on the final status of such nascent asset class.
“Presently, there is no separate law for dealing with issues relating to cryptocurrencies,” wrore Thakur in his response. “Hence, all concerned Departments and law enforcement agencies, such as RBI, Enforcement Directorate and Income Tax authorities, etc. take action as per the relevant existing laws.”
Thakur went on stating “It is difficult to state a specific timeline to come up with clear recommendations. The Inter-Ministerial Committee (IMC) under the Chairmanship of Secretary, Department of Economic Affairs is examining all issues, including the pros and cons of the introduction of an official digital currency in India. No decision on licensing and authorising any entity or company to operate such schemes or deal with Bitcoins or any virtual currency has been made as yet.”
Bitcoin price saw a gain after the comment of Donald Trump as bitcoin traders and investors bet that Trump’s acknowledgment of bitcoin will bring greater awareness of crypto and could push prices up.
In the crypto world, they took Trump’s tweets as an endorsement of bitcoin and the underlying blockchain technology.
“Achievement unlocked! I dreamt about a sitting U.S. president needing to respond to growing cryptocurrency usage years ago,” Coinbase chief executive Brian Armstrong tweeted. “‘First they ignore you, then they laugh at you, then they fight you, then you win.’ We just made it to step three y’all.“
Mati Greenspan, senior market analyst at eToro wrote in a note to clients, “Even though Donald says he’s not a fan of bitcoin, the fact that he’s mentioning it at all is hugely bullish for the entire crypto market.”
Andrew Yang, has previously praised bitcoin’s underlying technology, saying: “The blockchain has a wealth of potential. [It] could make many things more secure transparent and efficient.”
Now Trump has made bitcoin a valid issue, there’s nothing stopping these and others in the race to the White House making bitcoin and crypto a bigger part of their campaigns.
Starting today The blockchain ready Opera Touch browser for iOS is available for download. This follows Opera’s addition of Crypto Wallet support on Android and PC, that means Opera is now Web 3 ready across all major platforms.
“I am happy to let you know that the award-winning Opera Touch browser for iOS now features crypto wallet integration and Web 3 support. This completes our efforts to offer Web 3-ready browsers with built-in Crypto Wallet on Android, Windows, Mac, Linux and now iOS. Opera Touch for iOS lets you seamlessly interact with the next generation of Web 3 applications on the Ethereum blockchain.”
Opera has won couple of awards the Red Dot Design Award and Gold IF Design Award. Opera Touch is an innovative web browser which is used by millions.
Opera supports all ERC-20 tokens, stablecoins and non-fungible tokens (NFT). Ethereum is a popular and quickly growing protocol that allows people to make transactions and enables developers to create decentralized apps (dApps) which provide practical use for this technology.
Opera Touch for iOS with Crypto Wallet, like the Opera browser for Android, supports the Ethereum Web3 API, making interacting with dApps seamless, without the need for browser extensions.
DigitalMint, a Chicago-based over-the-counter cryptocurrency trading platform, has installed bitcoin kiosks at 20 Circle K convenience stores as part of a pilot program across Arizona and Nevada.
This is one of the major step taken for the expansion of crypto platform since its founding 2014, according to a press release. In five years, the company has established either ATM or in-person teller branches at 250 locations in 25 states.
“We are thrilled to be partnering with a respected organization like Circle K,” said Marc Grens, DigitMint’s president, in the release. “This partnership opens the door for massive expansion of bitcoin access to new markets around the globe.”
Consumers can buy and trade up to $20,000 bitcoin, ethereum and litecoin per day through DigitalMint ATMs. There’s a charge of 12% Per transaction, though rate reductions are available according to the company’s website.
Joel Konicke, category manager at Circle K Stores Inc stated “Partnering with DigitalMint allows us to provide our customers with seamless access to bitcoin, at a very reasonable price.”
Purchases must be made with cash, as the company does not accept debit or credit cards. Bitcoin can also be purchased through bank wire, but the company sets a $5,000 minimum. Approved customers can have transaction limits pushed above $1 million.
The bitcoin ATMs in Arizona are located in Phoenix, Mesa, Tempe, Tucson, Flagstaff, Surprise and Maricopa. In Nevada, the ATMs can be found in Las Vegas.
On June 7, The exchange revealed the news in a post on its blog, Crypto Exchange Bittrex Will Be Blocking US Users From Trading in 32 Cryptos.
Traders from US won’t be able to access few coins listed on the exchange.
The exchange also mentioned that the traders from US will receive an email with all the instructions and explanations concerning what they are and are not allowed to do. U.S. customers won’t be able to buy or sell the select coins, while all open orders involving said assets will be canceled after the change comes into effect. Some limited functionality concerning the assets will still be available to U.S. traders and the coins will be transitioned to the Bittrex International platform:
“U.S. Customers may withdraw or continue to hold in their Bittrex wallet affected Tokens/Coins for as long as Bittrex International supports a market in those Tokens/Coins.“
Bittrex International is Bittrex’s Europe-based affiliate, which lists certain tokens that are only available on the Bittrex International platform — not to U.S. users.
The decentralized exchange developed by top cryptocurrency exchange Binance will block website access to users based in 29 countries, including the U.S.
Here is the latest Cryptocurrency news, social media giant Facebook has hired 2 new compliance experts. Both the experts are ex-employees of the Cryptocurrency exchange Coinbase. Mikheil Moucharrafie worked with Coinbase for almost 4 years before joining Facebook as a compliance officer. At Coinbase, Moucharrafie switched various designations starting from support analyst, quality assurance tester, compliance manager, anti-money laundering (AML) investigator/bank secrecy investigator to risk manager. Another expert, Jeff Cartwright worked for nearly 5 years with Coinbase as a compliance manager, head of internal audit, and director of regulatory risk and exams. As Cointelegraph officially announced, Facebook has been on a consistent mission of hiring PayPal staff or people who have had prior experience of working with the Cryptocurrency industry and dedicated Blockchain staff. Apparently, Facebook has new openings in its Blockchain department.