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2022-06-10 10:21:02 Florida welcomes the state’s first credit union that offers crypto services

The cryptocurrency industry is growing larger with each day, as more individuals, organizations, institutions, and corporations recognize its potential and jump on the crypto bandwagon. A Dunedin, Florida-based credit union is one of them.

Indeed, Achieva Credit Union launched on June 7 a new app offering crypto-related services, including selling and purchasing Bitcoin (BTC), according to a Tampa Bay Times report on June 8. Introducing this app will make Achieva the first credit union in Florida to make such a move, facilitated with the help of cryptocurrency custody and trading firm NYDIG, which specializes in various types of financial organizations.

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2022-06-09 12:05:03 PayPal Lets Users Transfer Bitcoin and Ethereum to External Wallets

PayPal announced on Tuesday that crypto users can now move funds off its platform, a long-awaited feature that will make the company's offering more like other popular cryptocurrency services.

The ability to conduct external transfers on PayPal's crypto platform, an image of which can be seen below, will start rolling out to users today and be available to everyone in the U.S. in the next week or two. PayPal first launched its crypto offering in late 2020, allowing users to buy, sell, and hold four cryptocurrencies—Bitcoin, Ethereum, Bitcoin Cash, and Litecoin—but not to move the funds to external destinations like MetaMask, Coinbase, or hardware wallets. In an interview with Decrypt, a PayPal executive said the company is taking the long view when it comes to pursuing a crypto strategy.

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2022-06-08 10:31:02 Microsoft is hiring a Web 3.0 product manager as expansion into crypto accelerates

Microsoft (NASDAQ: MSFT) continues to strengthen its position in the cryptocurrency and blockchain space through relevant hirings, with the company announcing a position for Web 3.0 and Blockchain Principal Product Manager.

The job posting published on the company’s website on June 6 indicates that the successful candidate would be part of the Microsoft Cloud for Industry Growth and Expansion Team (MCIGET). Under this role, the primary task will be to ‘bring clarity, generate energy and deliver success for Microsoft in blockchain and crypto.’. One notable requirement for the job is experience in crypto, blockchain, distributed ledgers, or Web 3.0 and conceptual knowledge of modern cryptography.

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2022-06-07 16:51:02 Binance CEO orders investigation following FatManTerra’s allegations

Taylor Locke, a reporter for Fortune magazine, has confirmed that Binance is looking into allegations levied against Terra LUNA by FatManTerra on Twitter. In response to allegations from FatManTerra regarding Do Kwon being complicit in defrauding the community and being behind Basis Cash, Binance CEO Changpeng ‘CZ’ Zhao.

CZ claims neither he nor his team had any knowledge that Do Kwon was behind the failed stablecoin project Basis Cash, as reported by FatManTerra.CZ also made a point to distance himself from any interaction with Do Kwon. Do Kwon tried to speak with CZ directly a few times, according to the Binance CEO. FatManTerra commented on the story coming out in support of CZ saying.

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2022-06-06 11:18:02 India’s Central Bank Deputy Governor Says CBDCs Can Kill Cryptocurrencies

Senior RBI official also seemed to suggest that India’s fiat-based P2P payment system UPI is simpler and more successful than blockchain technology. Betting on India’s impending launch of CBDC, T Rabi Sankar, Deputy Governor of the nation’s central bank, the Reserve Bank of India (RBI), dismissed the idea that stablecoins should be accepted as 1-to-1 fiat-pegged cryptocurrencies.

The RBI Deputy Governor shared these thoughts at a recent IMF webinar titled “At the Frontier: India’s Digital Payment System and Beyond.” He also asked the IMF to play a leading role in clearing the air about cryptocurrencies and CBDCs, media reports said. India plans to introduce its CBDC in the current fiscal through a graded approach, ensuring little to no disruption to the existing currency and payments systems.

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2022-06-05 13:19:02 Caribbean Islands, Dubai, Mumbai — Bitcoin Cash Adoption Continues to Swell Worldwide

Bitcoin cash supporters are known for spreading adoption over the years and 2022 is no different. This year, the peer-to-peer cryptocurrency bitcoin cash has seen significant adoption throughout the islands of the Caribbean, alongside places like Dubai, and Mumbai.

According to the web page map.bitcoin.com, there are thousands of merchants worldwide that accept bitcoin cash (BCH) for goods and services. Moreover, if one was to visit the Reddit forum r/btc, they would notice a great deal of posts highlighting adoption in places like Dubai, Mumbai, St. Kitts & Nevis, and St. Maarten.

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2022-06-04 15:39:02 I Only Hold Crypto, I Don’t Have Any Fiat, Says Binance’s CZ

Despite the crypto markets plunging again after a short-lived run sending Bitcoin above the $32,000 level, Changpeng Zhao (CZ) – the CEO of the largest crypto exchange by trading volume – reiterated his bullish view on the industry in the long run. He insisted that the asset is an investment as well as a currency, and the crypto space will continue growing despite the recently rising volatility.

In the latest interview with CNBC, Binance CEO CZ explained why he only used cryptocurrencies to buy Burritos to the host, Becky Quick. The conversation began with Quick questioning the status of cryptocurrency as either a currency or an investment. When pressed that – if crypto is an investment – one will not use it for purchases because people would not choose to spend something that will go up in the future, CZ replied that he holds no fiat and all he has is crypto.

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2022-06-03 15:27:02 Billionaire Bill Miller calls Bitcoin ‘insurance’ against financial crisis

Bill Miller, the billionaire founder and chief investment officer of the American investment firm Miller Value Partners, said he considers bitcoin (BTC) as an “insurance policy against financial catastrophe.”According to Miller, digital gold withstood the shock of the pandemic and would be able to overcome downturns, as it is not linked to the traditional financial system.

“Look at the money supply when the pandemic hit. When the Fed stepped in that pandemic and started gunning the money supply and bailing out the mortgage rates and the other people doing commercial papers and things like that, bitcoin functioned fine. There was no run on bitcoin. It was there,” Miller said in an interview with the author William Green.He criticised Warren Buffett’s view on bitcoin, saying: “Buffett said it is not productive and I think, fair enough.

Source

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2022-06-02 19:07:30 NFT Land is the biggest trend on the crypto market right now with an average annual price of $14,500. But don't get overhyped on just every NFT Land — countless projects add them, but only a few bother to add real utility behind owning one.

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