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Prepaid, debit and credit cards backed by digital assets are a great way to spend your coins, given that it will take time for retailers to transition to accepting direct cryptocurrency payments. One such card, offered by Crypto.com, has just opened up to bitcoin cash users.
Also Read: How to Easily Convert Funds From BTC to BCH
Crypto.com Adds Bitcoin Cash Support
Hong Kong headquartered payments and cryptocurrency platform Crypto.com announced on Wednesday May 29 that it has added support for bitcoin cash (BCH) to its wallet and card app. This means that users can now buy BCH from the service with credit card and bank transfer both available for funding.
The company explained that, as it also offers the MCO Visa card, this move adds additional utility to BCH as users can now easily convert digital funds into fiat currencies and spend them at over 40 million merchants supporting the network around the world.
Bitcoin cash is the 21st digital asset to be added to the platform, joining other popular cryptocurrencies and stablecoins such as BTC, ETH, LTC, XRP, TUSD, and PAX, as well as the company’s own MCO and CRO tokens. Kris Marszalek, CEO of Crypto.com said: “We’re committed to providing complete selection of all major digital assets and empowering our customers to purchase it at true cost without fees or markups.”
Accelerating the World’s Transition to Cryptocurrency
Crypto.com was founded in 2016 and launched an initial coin offering (ICO) in May 2017 after a year working on its offering in stealth development mode. The payments and card provider, formerly known as Monaco, today reports that it employs more than 120 people.
The company has announced it started shipping the MCO Visa card to customers in Singapore in October 2018. The following month it was also revealed that the cards will be issued in the U.S. through a partnership between its Florida-based affiliate Foris Inc. and Metropolitan Commercial Bank, New York. The cards, which have no annual, monthly or ATM withdrawal fees, can be ordered from the app.
What do you think about Crypto.com adding support for bitcoin cash? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.
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A little over a year ago, our web portal launched a new market cap aggregator, Markets.Bitcoin.com, which showcases the top 500 cryptocurrency market valuations. More recently we’ve added some great data to Markets.Bitcoin.com so people can get information on not only the price of their favorite coins, but also real-time charts featuring transactions per day, 24-hour volume, and the current number of coins in circulation.
Markets.Bitcoin.com: Real-Time Price Quotes, Market Caps, and Professional Charts
Last year, we launched a webpage that hosts the top 500 cryptocurrency market valuations in real-time. Markets.Bitcoin.com is a colorfully themed market cap aggregator that features the top performing cryptocurrency prices and market data. The page is quite different to most market cap websites because you don’t have to refresh the page all the time in order to get real-time prices.
Markets.Bitcoin.com is also very simple to use, making navigation effortless while the eloquently designed interface is easy on the eye. Our market cap aggregator can also be viewed in both daylight and night mode depending on your preference. And speaking of preferences, you can also filter crypto prices by your favorite coins as well by marking them with a heart for ease of reference.
You can also highlight a specific cryptocurrency by clicking on an individual asset and it will direct you to a page that shows the digital asset’s price chart. Markets.Bitcoin.com features professional charts that can be toggled with different chart properties, timeframes, full-screen mode, and you can even save the chart layout. The coin’s page will also show you all kinds of statistics with charts that include price, capitalization, 24-hour trade volume, and daily transactions. There’s other stats as well, like the type of algorithm the coin uses alongside the different proof types. Markets.Bitcoin.com also highlights the supply data, which is a record of the number of units in existence either through mining or issuance. The website also displays exchanges that are trading the coin and how much trade volume they are processing.
A Market Cap Aggregator Built for Digital Currency Newbs and Veterans
In addition to these features, BCH and BTC users can quickly access the Bitcoin.com block explorer if they want to search for a block or transaction on either chain. Moreover, the markets aggregator has direct links so you can quickly purchase BCH, ETH, and BTC in a matter of minutes. Markets.Bitcoin.com was built for cryptocurrency enthusiasts by developers who are very passionate about the space and they understand the importance of reliable market data. With detailed data, charts, and price quotes from various coins, Markets.Bitcoin.com is sure to please newcomers and crypto veterans alike.
With tools like Markets.Bitcoin.com, our web portal continues to grow and we’re excited to reveal many more resources that help progress economic freedom. Bitcoin.com already provides a newsdesk, podcasts, widgets, charts, merchants solutions, educational resources and so much more.
Moreover, our noncustodial wallet has seen more than 4 million wallet creations since we launched the light client two years ago. Markets.Bitcoin.com aligns with our other tools and resources in providing top of the line real-time data to billions of people across the planet. So if you’re tired of those boring market cap aggregators that need to be refreshed every few minutes, check out Markets.Bitcoin.com today.
What do you think about Markets.Bitcoin.com? Let us know your thoughts about the market cap web page in the comments below.
Images via Shutterstock, and Markets.Bitcoin.com.
Want to create your own secure cold storage paper wallet? Check our tools section. You can also enjoy the easiest way to buy Bitcoin online with us. Download your free Bitcoin wallet and head to our Purchase Bitcoin page where you can buy BCH and BTC securely.
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House Speaker Nancy Pelosi has introduced a new concept into the debate over President Donald Trump’s actions: “self-impeaching.” As Trump all but goads Democrats into impeachment proceedings, viewing the showdown as potentially valuable for his 2020 re-election campaign, Democrats appear to be showing restraint. Their investigations are both intensifying but…
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
As cryptocurrencies continue to influence the financial service industry and provide users with endless possibilities, bitcoin ATMs have proven to play a critical role in the cryptocurrency adoption process. Bitcoin ATMs convert fiat currency into digital cash, ensuring a seamless transaction experience.
Bitcoin ATMs, which are also called BTMs or bitcoin kiosks, are among the fastest growing industries around the world due to the increased demand for physical cryptocurrency transactions. In the past year, the numbers of bitcoin ATMs have more than doubled from 2,000 to over 4,000 bitcoin ATMs. The expansions of bitcoin ATMs around the world has been attributed to the increasing acceptance and use of bitcoin for financial transactions. Bitcoin ATMs have made cryptocurrency become a popular form of payment in certain parts of the United States.
Although several companies own and operate bitcoin ATMs, Bitcoin Depot is currently the largest multi-cryptocurrency ATM operator in the world by leaping from third place to number one in less than a year. Bitcoin Depot contributed to the growth of cyrptocurrency ATMs by installing over forty percent of all bitcoin ATMs in the United States and accounted for one-third of all Bitcoin ATM installations around the world in the month of January alone. The previous year experienced an increase in the number of Bitcoin ATMs around the country and further growth has been predicted by market experts, despite fluctuating bitcoin prices.
Bitcoin Depot kicked off 2019 by expanding to seven new states; Illinois, Arizona, Nevada, Virginia, Georgia, Florida and California. The company installed a total of fifty bitcoin ATMs since January, increasing the total number of Bitcoin DepotATMs installed from 155 to over 200 in about a month according to CoinATMradar competitor chart.
As Bitcoin Depot saw the increased demand for bitcoin ATMs in Chicago, the company decided to expand by installing over thirty Bitcoin ATMs in Chicago, Illinois. This is the largest expansion for Bitcoin Depot and the bitcoin ATM industry up to date. Bitcoin Depot also leads this campaign by providing ZERO transactions fees for using bitcoin ATMs located in this region to increase bitcoin adoption, making it the cheapest way to acquire bitcoin in the world.
However, questions still remain. Will the installation of new bitcoin ATMs in Chicago drive a higher bitcoin adoption rate in the state than elsewhere? Will the access to bitcoin ATMs increase the acceptance to the new cryptocurrencies? The CEO of Bitcoin Depot, Brandon Mintz, says his company is “serving a very niche customer base” and believes this will increase bitcoin adoption. The strategic placement of the Bitcoin Depot ATMs displays the effort of the company to integrate cryptocurrencies into mainstream locations, positively impacting the adoption of bitcoin.
Bitcoin Depot believes bitcoin ATMs are crucial for the acceptance and adoption of bitcoin as it is the vital connection between the underbanked communities to the crypto world. The company believes the new installations of bitcoin ATMs and zero transaction fees will continue to increase bitcoin adoption in the near future and thereby create a larger market for expansion. Bitcoin Depot wants to continue to be at the forefront of the bitcoin ATM industry, providing more people with access to bitcoin ATMs to convert fiat currencies into cryptocurrencies in the future.
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This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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Rocket Lab, one of the biggest startups in the NewSpace category of companies providing launch and satellite services, has added satellite manufacturing to the array of services it offers to customers.
The company, which already had developed launch capabilities and has begun sending payloads into space, can now deliver fully built satellites to its customers, according to a statement.
The “Photon” satellite platform was developed so that customers would not have to build their own satellite hardware.
“Small satellite operators want to focus on providing data or services from space, but building satellite hardware is a significant barrier to achieving this,” said Rocket Lab founder and chief executive Peter Beck, in a statement.
“The time, resources and expertise required to build hardware can draw small satellite operators away from their core purpose, delaying their path to orbit and revenue. As the turn-key solution for complete small satellite missions, Rocket Lab brings space within easy reach. We enable our customers to focus on their payload and mission – we look after the rest.”
The satellites are designed for a range of Low Earth Orbit missions including technology demonstrations, risk reduction pathfinders, constellations, and hosted payloads, the company said in a statement.
The satellites will stay in orbit for five years and include an S-band communication system, high-performance attitude controls, and a set of avionics tools for in-space propulsion and movement.
The new satellites will be manufactured at Rocket Labs’ Huntington Beach, Calif. headquarters and can be launched on the company’s Electron launch platform. The first such launch is scheduled for later in the first quarter of the year, and the company said it would have its first paying customer missions in 2020.
Cointext, the cryptocurrency wallet that allows users to send bitcoin cash (BCH) by SMS, has been steadily adding regional support and so far has captured 42 countries. Now Cointext has added the ability to utilize the BIP70 protocol so users can pay Bitpay invoices using the wallet’s text messaging capabilities.
Cointext Now Supports 42 Countries
The Cointext wallet is a popular client among BCH supporters because it allows people to transact through SMS technology. Over the last few weeks, the startup has been adding support for countries like Bangladesh, Philippines, and Hong Kong. The company has gathered support for a total of 42 countries including Hungary, Denmark, Brazil, Columbia, Argentina, Australia, Estonia, Finland, and Germany. Cointext’s main goal is removing friction and making cryptocurrency simple to use and the startup believes its wallet “is the easiest way to introduce friends to crypto.”
BIP70 Support, Bitpay Invoices and Anypay Global
Cointext has now announced support for the BIP70 payment protocol that Bitpay uses to process bitcoin core (BTC) and bitcoin cash (BCH) invoices. Essentially this means that Cointext users can copy a BIP70 payment URL and pay the invoice via their text messaging service. The startup also released a video showing the process, with Cointext founder and CTO Vin Amarmi demonstrating the new “Buy” command by donating $ 1 in BCH to the Wikimedia organization. The video demonstration showed the procedure was seamless and the functionality gives Cointext users the ability to pay for all types of goods and services using BCH.
The BIP70 support follows the platform’s recent integration with another payment processor based in New Hampshire called Anypay Global. Last November, BCH fans noticed a recorded video of an individual paying for goods at the La Maison Navarre bakery in New Hampshire but instead of using a traditional QR code payment the food was purchased via text using the Cointext application. Anypay Global merchants simply create a BCH invoice using the application and the platform provides a Cointext code alongside a traditional QR code. In order to pay for goods, the Cointext user simply enters the code and from there the invoice is paid almost instantly.
BCH enthusiasts seem to like the Cointext wallet and appreciate the fact that it can be used sans internet. Furthermore, Cointext can be used by people who use basic feature phones (Nokia style) and has shared pictures of people using the app on a feature phone from a variety of different countries. Amarmi and the Cointext team hope the SMS functionality provided by Cointext will be able to reach the billions of unbanked global citizens as there are well over 2 billion registered basic feature phones worldwide. The ability to pay for invoices using payment processors like Bitpay and Anypay Global adds more real-world use cases to the Cointext system as a whole.
What do you think about Cointext adding BIP70 support so users can pay for Bitpay invoices via text message? Let us know what you think about this subject in the comments section below.
Image credits: Cointext, Shutterstock, and Pixabay.
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If an asteroid is barreling toward Earth, there’s only one solution: Strike and destroy it, right? A new Johns Hopkins University study has found that, contrary to previous thought, that might not be so easy. The research plays off of a more encouraging study from the early 2000s, in which…
EBay Inc. said Friday that it has reached an agreement with Elliott Management Corp. and Starboard Value, appointing two new directors and paving the way to potentially carving off some of its businesses.
Under terms of the deal, Elliott partner Jesse Cohn and Matt Murphy of Marvell Technology…
Coinbase announced on Tuesday that users of its wallet app can now directly store their bitcoin cash. The app update will be rolled out to all iOS and Android users in the next few weeks. Both Cashaddr and legacy address formats are supported alongside Bitcoin Cash Testnet for developers.
Adding BCH Support
San Francisco-based digital currency platform Coinbase announced on Tuesday that its noncustodial wallet app now supports bitcoin cash. Siddharth Coelho-Prabhu, Product Lead at Coinbase, wrote that “Starting today, you can now store your bitcoin cash (BCH) directly in the Coinbase Wallet app.” However, he elaborated:
The new wallet update with bitcoin cash support will roll out to all users on iOS and Android over the next few weeks. BCH support is activated by default — all you need to do is tap ‘Receive’ on the main wallet tab and select bitcoin cash to send BCH to your Coinbase Wallet.
Coelho-Prabhu emphasized that the wallet “supports both newer Cashaddr address formats, as well as legacy addresses for backwards compatibility in all applications.” It also supports “Bitcoin Cash Testnet to aid developers and power users,” he detailed, adding that his team also plans “to add support for the JSON Payment Protocol in the future.”
The security of the Coinbase Wallet app is more advanced than its custodial web wallet counterpart. According to the announcement, users’ private keys are encrypted and stored on their mobile devices using a Trusted Execution Environment (TEE), or Secure Enclave technology. “This specialized hardware is considered the most secure way to safeguard private data on mobile devices,” Coelho-Prabhu claims.
The BCH support follows the BTC support announced on Feb. 5. Coinbase Wallet previously supported only “ethereum, ethereum classic, and over 100,000 different ERC20 tokens and ERC721 collectibles built on Ethereum,” the product lead noted.
A week before BCH support was added, Coinbase announced that users “can now backup an encrypted version of your Coinbase Wallet’s private keys to your personal cloud storage accounts, using either Google Drive or iCloud.” Coelho-Prabhu described, “This new feature provides a safeguard for users, helping them avoid losing their funds if they lose their device or misplace their private keys.”
However, the optional feature was met with a large amount of negative feedback on social media. Tallycoin developer DJ Booth tweeted, “This is a terrible idea and encrypting with a user-chosen password is even worse. Most people cannot choose/remember strong passwords and generally reuse passwords.” After hundreds of tweets disapproving of the new feature, the company responded: “If you feel uncomfortable storing an encrypted backup in your cloud account, you can keep a copy of the recovery phrase (mnemonic seed) by yourself.”
Then, on Tuesday, Coinbase announced that it has acquired Neutrino, which describes itself as a blockchain data intelligence platform. “By analyzing data on public blockchains, Neutrino will help us prevent theft of funds from peoples’ accounts, investigate ransomware attacks, and identify bad actors,” explained Varun Srinivasan, Coinbase’s director of engineering. “It will also help us bring more cryptocurrencies and features to more people while helping ensure compliance with local laws and regulations.”
What do you think of the Coinbase Wallet app? Will you use it? Let us know in the comments section below.
Images courtesy of Shutterstock.
Need to calculate your bitcoin holdings? Check our tools section.
In Tuesday’s installment of The Daily, we begin by checking in with a couple of the leading exchanges in the cryptosphere. Kucoin has unveiled a new look and a slew of new features, while Binance is poised to launch the testnet of its long-awaited DEX. We’ll finish by examining an integration between sentiment analysis service The Tie and Trading View that will allow traders to correlate markets with moods.
Kucoin 2.0 Goes Live
On Feb. 18, Kucoin underwent scheduled downtime to ready the exchange for a major overhaul. Upon the platform’s return, traders were greeted by a new login page, new wallet addresses, new trading engine, and new dashboard. To celebrate the upgrade, traders can enjoy zero fees for the next three days. In a tweet, CEO Michael Gan noted that his team was working to further improve the platform based on user feedback. Stablecoins have a dedicated section in the redesigned exchange, where they now nestle under a tab simply marked “SC.”
The new-look Kucoin supports more order types, incorporates new APIs, and has a clearer dashboard that makes it easier for users to determine their security and account verification level. Upon logging in to the exchange for the first time since the upgrade, users will be prompted to set a trading password. Other features incorporated into Kucoin 2.0 include a tiered trading fee discount program designed to increase liquidity, and the ability for users to unilaterally freeze and unfreeze their accounts.
D-Day Looms for Binance DEX
Binance’s decentralized exchange (DEX) is inching closer to its public release. Tomorrow, Feb. 20, the testnet will launch ahead of the mainnet going live. In an announcement, the exchange explained: “Infrastructure-wise, the testnet of Binance Chain will start with 11 test nodes. We will test various combinations of nodes to optimize performance. While many have asked, the number and selection criteria of mainnet nodes are yet to be decided. At this stage, we simply want to develop a best-in-class DEX as fast as possible.”
The DEX will launch with the Binance-owned Trust Wallet integrated, before adding support for third-party hardware wallets such as the Ledger Nano S. Binance coin (BNB), which will be used as a primary trading pair and to cover fees on the DEX, has surged in price in recent weeks in the build-up to the platform’s launch.
The Tie Integrates Trading View
Technical analysis and sentiment analysis have traditionally been separate disciplines that haven’t easily intersected. The former entails staring at charts, while the latter requires gauging what communities are saying or “feeling” about particular assets, before taking an educated guess as to where the market is likely to move. Sentiment analysis service The Tie has now completed Trading View integration, enabling users to overlay charts from both disciplines.
Its BTC chart, for example, shows sentiment closely correlated with price, but with some divergence over the last three days. Alongside the traditional Trading View dashboard are metrics such as sentiment, hourly sentiment, one-hour price projection and the accuracy of this prediction expressed as a percentage. “On top of the technical indicators Trading View already offers, The Tie has added the ability to chart 13 custom indicators including sentiment, NVT ratios, relative tweet volume, and more all on the same chart,” explained the platform.
What are your thoughts on the stories in today’s news roundup? Let us know in the comments section below.
Images courtesy of Shutterstock.
Need to calculate your bitcoin holdings? Check our tools section.
The post In the Daily: Kucoin Rebrand, Binance DEX, The Tie Adds Trading View appeared first on Bitcoin News.