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Republican Senator Cynthia Lummis Bought Bitcoin for Value Store and Censorship Resistance

American politician and member of Congress, Senator Cynthia Lummis (R-WY) has declared her bullish position on Bitcoin and plans to educate her colleagues in Congress on Bitcoin and financial innovation Per her Twitter post, Senator Lummis might have purchased Bitcoin because of two of its unique qualities including its properties a store of value, and … Continue reading Republican Senator Cynthia Lummis Bought Bitcoin for Value Store and Censorship Resistance

Fed Chair Powell: Cryptocurrencies not Useful Stores of Value and CBDC Issuance Will not be Immediate

Federal Reserve Chairman Jerome Powell’s stance on Bitcoin and cryptocurrencies remains unchanged – he views them primarily as “a speculative asset.” In a virtual panel hosted by the Bank for International Settlements, Federal Reserve Chairman Jerome Powell said that cryptocurrencies were an unstable store of value and reiterated that Bitcoin would not be a good … Continue reading Fed Chair Powell: Cryptocurrencies not Useful Stores of Value and CBDC Issuance Will not be Immediate

1inch Launches Wallet on Apple iOS App Store

1inch, a decentralized exchange aggregator operating on both Ethereum and Binance Smart Chain (BSC), launched its wallet for iPhone users on Apple iOS on Tuesday. The operation of this wallet will make it easy for users to exchange tokens on their mobile devices with the convenience of portability. The wallet will enable users to switch … Continue reading 1inch Launches Wallet on Apple iOS App Store

American Convenience Store Chain Sheetz To Accept Cryptocurrencies as Payment Option

Sheetz is proud to offer more payment options to its customers. The US convenience store chain announced plans to start accepting Bitcoin and other cryptocurrencies in its select stores and fuel pump stations beginning this summer. On Friday, May 28, Sheetz disclosed that it partnered with the digital payments network Flexa to add cryptocurrencies as … Continue reading American Convenience Store Chain Sheetz To Accept Cryptocurrencies as Payment Option

A Large Portion of Bitcoin Supply Stores in Cold Storage Based on the Bottoming Out of Dormant BTC Supply

Bitcoin (BTC) was up by 2.05% in the last 24 hours to hit $44,907 during intraday trading after briefly nosediving below $40K on September 22, a fate not seen since August 5. Glassnode acknowledged that a large portion of Bitcoin supply was stored in cold storage. The on-chain metrics provider explained: “The Bitcoin supply that … Continue reading A Large Portion of Bitcoin Supply Stores in Cold Storage Based on the Bottoming Out of Dormant BTC Supply

The Value Stored in the Bitcoin Network Stands at an All-Time High

Bitcoin (BTC) was a stone’s throw away from the all-time high (ATH) price of $64.8K during intraday trading because it was hovering around $62,202, according to CoinMarketCap. The benchmark cryptocurrency has experienced a significant upward momentum, which enabled it to breach the psychological price of $60K last week. This milestone was last seen in April. … Continue reading The Value Stored in the Bitcoin Network Stands at an All-Time High

Walmart Installing Bitcoin ATMs in its Retail Stores

Walmart Inc, the world’s largest retailer, announced on Thursday, October 21, that customers at some of its U.S. stores will be able to buy Bitcoin using ATMs installed by Coinstar.   Walmart stated that it has begun a pilot program where consumers can purchase Bitcoin as Coinstar kiosks in some of its U.S. stores. Molly Blakeman, … Continue reading Walmart Installing Bitcoin ATMs in its Retail Stores

Coinbase Traffic Hits Historic Highs Following Super Bowl Ad, Jumping to Top 2 on App Store

Following a minute-long ad worth $14 million meant for the Super Bowl, US-based crypto exchange Coinbase raked in the dividends because traffic reached historic highs. Reportedly, the traffic was overwhelming, resulting in the Coinbase app surging to the second spot from the 186th position on the Apple store, according to Block Research. The Block added: … Continue reading Coinbase Traffic Hits Historic Highs Following Super Bowl Ad, Jumping to Top 2 on App Store

ECB Officials Urges to Accept Digital Euro in Brick-and-Mortar Stores

Fabio Panetta, a member of the Executive Council of the European Central Bank (ECB), suggested an acceptance of the digital euro in brick-and-mortar stores and online entities to help promote the use of the fiat digital euro. A digital euro needs to allow easy payments between people if it follows a trend of adoption like the fiat … Continue reading ECB Officials Urges to Accept Digital Euro in Brick-and-Mortar Stores

Meta Partners with Digital Brand DressX for New Avatar Store

Meta said that it is partnering with digital fashion startup DressX for Meta’s new Avatar Store. The partnership with the Los Angeles-based startup will introduce new avatar fashion on the Avatar Store. To Meta, this is the first cooperation with a digital fashion retailer, per online media outlet Forbes. This is also a milestone for … Continue reading Meta Partners with Digital Brand DressX for New Avatar Store

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