Category: cryptocurrency exchange

Categories
Bitcoin Bitcoin ETF Bitcoin Investment Bitcoin Wallet Crypto Mining cryptocurrency exchange Cryptocurrency Investment Cryptocurrency news

Will Apple present NFT trading cards at next week’s developer event?

Judging by its history, Apple is known for having a knack for making a surprise. Thanks to an update shared by the tech giant, the NFT community believes there is a good chance of getting into web 3.0 with Apple NFT cards.

Speculation started after Apple revealed cool Memoji-like characters on its latest event page. The World Developers Conference 2022 annual marketing campaign features some cool NFT-like characters.

As a result, the cryptographic community on Twitter is hopeful with Apple’s entry into web 3.0. “Apple may release NFT business cards,” said one enthusiast.

Adding to this speculation was a claim by MacRumors that clicking on Memoji characters could reveal an augmented reality mode with three collectible card characters.

Apple well positioned for Ace Web 3.0

While the company has yet to officially confirm the claims, breaking into the NFT space is likely not going to be much of a challenge. Apple has already worked on developing a mixed reality headset with VR and AR capabilities. This makes things even easier for Apple, which has been hard at work in the Memoji segment for the past few years.

Furthermore, the Apple CEO revealed his interest in the cryptocurrency space last year. In fact, he said that he personally invested in cryptocurrencies. He also commented on Apple’s NFT plans.

"NFTs are interesting, but it will take time to develop in a way that is for the average person."

However, Cook did not comment on Apple’s cryptocurrency investment plans. He clarified that there are no immediate plans to launch cryptocurrency-related offerings. Additionally, Cook revealed at the time that there may be different things Apple is looking into in space.

Apple’s Worldwide Developers Conference will take place virtually from June 6-10. The event could lead to the revelation of new developments in a number of Apple products. New devices and software models like iPadOS 15, MacOS Monterey, watchOS 8 and iOS 15 may emerge.

Categories
Bitcoin Bitcoin ETF Bitcoin Investment Bitcoin Wallet Crypto Mining cryptocurrency exchange Cryptocurrency Investment Cryptocurrency news HYIPs NFT Investment

Caribbean Islands, Dubai, Mumbai: Bitcoin Cash Adoption Continues to Grow Worldwide

Bitcoin Cash supporters have been known to spread adoption over the years and 2022 is no different. This year, the peer-to-peer cryptocurrency bitcoin cash has seen significant adoption in the Caribbean islands, along with places like Dubai and Mumbai.

Bitcoin Cash Advocates Continue to Promote Peer-to-Peer Cryptocurrency Adoption

According to the map.bitcoin.com website, there are thousands of merchants around the world that accept bitcoin cash (BCH) for goods and services. Additionally, if one visits the r/btc Reddit forum, one will notice a plethora of posts highlighting adoption in places like Dubai, Mumbai, St. Kitts and Nevis, and St. Marten.

Bitcoin.com News previously reported on St. Maarten, Rolando Brison, revealing that he requested that his entire salary be converted into bitcoin cash. Map.bitcoin.com indicates that there are more than 160 merchants that accept BCH in the region.

Bitcoin Cash is now accepted by the Caribeeats platform (caribeeats.com) and BCH can be used to deliver food and groceries to more than 15 different countries. Caribeeats serves regions such as Barbados, Dominica, Grenada, USA, Jamaica, Montserrat, St. Saint Kitts, St. Lucia and much more.

Starting today, https://t.co/jo5L9YGhz9 accepts #BitcoinCash! Try it today in #Antigua #BVI #Barbados #Bahamas #Caribbean #Grenada #GUYANA #London #Trinidad #USA https://t.co/K8GOsZM66j pic.twitter.com/SQxZRcVPAp

— Roger Ver (@rogerkver) May 28, 2022

Numerous Reddit and map.bitcoin.com posts reveal that BCH is beginning to make a presence in Dubai at establishments such as Masala Mantra, Tandoori Junction, Great Wok, Bermuda Diving Center, X Factor Restaurant, Franck Muller Middle East and India, Perfetto Pizzeria and Business Town.

Similarly, BCH adoption is also taking place in India’s de facto financial hub, Mumbai. In mid-April, Hosanna House Montessori School, an all-boys school located in Mumbai, announced that it had become the first Montessori school in India to accept BCH.

On June 2, the Nahar Medical Center revealed that it has become the first medical center in India to accept bitcoin cash. In Mumbai, BCH is also accepted at Jayant, Paramount Sports n Nutrition, Vig Refreshments, Super Waves, Copa, and Haute Dog Pet Salon & Boutique Store.

Bitcoin Cash has been gaining significant adoption in the twin-island Caribbean nation of St. Kitts and Nevis, as the region has a total of 159 merchants accepting BCH, according to map.bitcoin.com. Last month, Club Dubai in St. Kitts revealed that it accepts bitcoin cash (BCH) payments, and Kentucky Fried Chicken (KFC) in St. Kitts adopted BCH.

Bitcoin cash is also accepted at Burger King St. Kitts and the Panda supermarket on the island accept BCH. in St. Kitts, the crypto is also accepted at Sun Island Clothes, Karma Asian Cuisine, Econo Retail Shop, and Oracle Martial Arts Academy.

Merchants that accept bitcoin cash are prominent in several other regions of the world, including Anguilla, Antigua, Japan, Venezuela, Slovenia, Australia, Philippines, Vietnam, Ghana, Zimbabwe, Argentina, and more. Additionally, a good portion of businesses that accept BCH for payments accept the digital currency directly, rather than using a third party or payment processor.

Businesses that accept cryptocurrencies can be found at map.bitcoin.com, but BCH users can also take advantage of the Green Pages and Acceptbitcoin.cash websites to view physical and online merchants that accept peer-to-peer cryptocurrency assets.

Categories
Bitcoin Bitcoin ETF Bitcoin Investment Bitcoin Wallet cryptocurrency exchange Cryptocurrency Investment Cryptocurrency news Investment News

Bitcoin Miner Bitzero to Build $500 Million Headquarters in North Dakota

Bitzero Plans to Build Headquarters for North Dakota Bitcoin Mining Operations Valued at $500 Million

Bitcoin miner Bitzero is building its headquarters in North Dakota.

The data center will cost the company between $400 million and $500 million and will use heat, a byproduct of its operations, to help the region produce food year-round.

The company has already raised $100 million and is planning an IPO in Canada within the next 60 days.

Bitzero Blockchain Inc., a 100% renewable bitcoin mining company, is making North Dakota the headquarters for its North American operations.

The miner distilled the plans Thursday in a joint press release with the North Dakota governor’s office and notable investors like Kevin O’Leary.

Company officials declared plans to invest $400-$500 million in the next data center and also announced plans to partner with the MHA Nation greenhouse project that will allow heat from Bitzero’s operations to be used for food production. throughout the year.

“Help Main Street, help all citizens, take our state out of reliance on being, as we have been for over 100 years, reliant on state-level revenue,” said North Dakota Governor Doug Burgum.

While the location of Bitzero’s headquarters has yet to be announced, the CEO said it will likely be located in Bismarck or Fargo and employ 15-20 people for operations. The bitcoin miner has plans to generate 200 megawatts (MW) of power in data centers over the next two years.

In addition to the data centers, the company also plans to develop an assembly and distribution center for graphene battery technology that is expected to represent an investment of $200 million to $500 million over the next two to three years.

Bitzero has currently raised $100 million through investment capital with plans to launch a Canadian initial public offering (IPO) within the next 60 days.

“Consolidating a North American headquarters prior to the IPO was a crucial strategic piece for Bitzero, and we plan to begin consolidating operations in North Dakota as we grow,” said O’Leary. “This announcement comes before the announcement of a Montana project scheduled for tomorrow.”

Categories
Bitcoin Bitcoin ETF Bitcoin Investment Bitcoin Wallet Crypto Mining cryptocurrency exchange Cryptocurrency Investment Cryptocurrency news

Fidelity plans to hire Spree to expand crypto services to include Ethereum trading and custody

Fidelity is planning a hiring spree to add ether trading and custody services to its cryptocurrency business. “As the demand for digital assets continues to grow steadily and the market evolves, we will continue to expand our sourcing efforts,” a Fidelity executive explained.

Crypto Loyalty Expansion Services

Fidelity Investments‘ digital asset subsidiary, Fidelity Digital Assets, is expanding its services.

Founded in 2018, Fidelity Digital Assets currently employs around 200 people. The company is looking to fill 110 new positions to focus on assets beyond bitcoin, a Fidelity spokesman told Reuters on Tuesday.

Tom Jessop, President of Fidelity Digital Assets, commented:

As the demand for digital assets continues to grow steadily and the market evolves, we will continue to expand our sourcing efforts.

According to Fidelity product manager Terrence Dempsey, Fidelity Digital Assets has around 400 clients, including registered investment advisers, hedge funds and asset managers.

Until now, the company has only offered institutional investors the ability to store and trade bitcoins.

Jessop explained that the new hires will help build infrastructure to support ether trading and custody services.

Fidelity’s expansion announcement came as the cryptocurrency market lost nearly $500 billion last month. However, the executive noted that cryptocurrency price declines have not had a significant impact on the company’s business and that the company is focused on long-term indicators such as customer demand. He was quoted by the Wall Street Journal as saying:

We're trying not to focus on crises and focus on some of the longer-term indicators... We're trying to build infrastructure for the future because we measure success over years and decades, not weeks and months.

Last month, Fidelity Investments announced that it was adding bitcoin as an investment option to 401(k) retirement plans.

Categories
Bitcoin ETF Bitcoin Investment Bitcoin Wallet Crypto Mining cryptocurrency exchange Cryptocurrency Investment Cryptocurrency news Investment News

India consults World Bank and IMF to comply with global cryptocurrency regulations

The Indian government is working on a consultation document on how to regulate cryptocurrencies. The World Bank, the IMF, stakeholders and other interested parties took part in the consultation.

The Indian government’s line on cryptocurrencies has been anything but clear so far. However, its own central bank, the Reserve Bank of India, has made it very clear that it believes cryptocurrencies are a threat to macroeconomic stability and appears to be interested in an outright ban.

As reported by the Times of India, Economic Affairs Secretary Ajay Seth expressed a desire to work globally to properly regulate cryptocurrencies. He said:

“We consulted not only national institutional actors, but also institutions such as the World Bank and the IMF. Therefore, we hope that we will soon be in a position to finalize our consultation document.”

He added that his country has started working on global regulations and stated that countries would not be able to succeed in their cryptocurrency regulation unless there was broad consensus across economies.

The fact that global financial institutions like the IMF are involved with Indian thinking on how to regulate cryptocurrencies may be a cause for concern in cryptocurrency circles.

The IMF has been highly critical of the cryptocurrency sector so far, warning El Salvador, for example, about the repercussions of adopting bitcoin as a legal tender in the country alongside the dollar.

The world’s elite banking and financial institutions have a lot to lose if Bitcoin becomes even more entrenched as a place for investors to gather, as the dollar and other fiat currencies around the world continue to devalue.

It remains to be seen to what extent any extremely negative regulation of the cryptocurrency sector will be respected as the world’s citizens try to cope with declining purchasing power on the one hand and runaway inflation on the other.

There is a lot of talk about how investors are being tricked by some of the Ponzi crypto schemes, but little is mentioned about why investors are there in the first place. Virtually zero returns and an outdated banking system that is not fit for purpose could be just some of the reasons.