New on Rakuten Wallet: Conversion of Loyalty Points to Cryptocurrency

New on Rakuten Wallet: Conversion of Loyalty Points to Cryptocurrency

Rakuten Wallet, a cryptocurrency exchange of Rakuten Group, created a service in which the loyalty points that crypto users gain from Rakuten Group (called Rakuten Super Points) can be converted into crypto assets of the available cryptocurrencies on the platform. The announcement was made on December 24th regarding the new service on the official Rakuten Wallet app which allows the users to convert their Rakuten Super Points into crypto assets available on the Rakuten Wallet…

Read More

Coinbase’s Fraud Case Dismissed; Crypto Exchange to Pay for Mismanaging Bitcoin Cash Launch

Coinbase’s Fraud Case Dismissed; Crypto Exchange to Pay for Mismanaging Bitcoin Cash Launch

The San Francisco-based crypto exchange Coinbase may be out of the fraud loop but it, however, isn’t completely out of the woods yet. Judge Vince Chhabria of the California District Court ruled against the plaintiff’s charges of fraud and unfair competition against Coinbase but also denied its arbitration motion saying the digital asset exchange had a duty to the market but instead it “breached its duty to maintain a functional market.” The ongoing case is…

Read More

Japanese Crypto Exchange Bitpoint Loses $32 Million in a Hack and Ceases Operations

Japanese Crypto Exchange Bitpoint Loses $32 Million in a Hack and Ceases Operations

When it comes to cyber-attacks on cryptocurrency service providers such as crypto exchanges, trading platforms, wallet service providers, etc. Japan has been quite prolific. Recently, another Japanese crypto exchange, Bitpoint, stopped its trading services due to a major cryptocurrency hack resulting in a loss of about 3.5 billion Japanese Yen ($32 million) worth of cryptocurrency, which includes popular cryptocurrencies such as Bitcoin(BTC)trade, Bitcoin Cash (BCH), Ripple (XRP)trade, etc. On July 11th, Bloomberg reported that the…

Read More

Leading Medical Charity Dementia Society of America Opens its Doors for Crypto Donors

Leading Medical Charity Dementia Society of America Opens its Doors for Crypto Donors

The Dementia Society of America (DSA) has just announced that it will start accepting a range of cryptocurrencies in donations going forward. The DSA started investing in Bitcoin and accepting Bitcoin donations all the way back in 2016. Now, they’ve added four more cryptocurrencies to the list and put out a press release announcing their plans regarding donations received in crypto. The DSA plans to hold 51 percent of all donations in crypto for at…

Read More

Bitcoin Cash Price Technical Analysis (May 14): On the Verge of Another Bull Rally

Bitcoin Cash Price Technical Analysis (May 14): On the Verge of Another Bull Rally

Bitcoin Cash (BCH) is currently trading at around $404. Looking at the chart, we can see that the price is in a strong uptrend movement after a minor correction. Also, we can see a formation of cup and handle pattern (similar to BTC’s recent movements); it is a very bullish pattern. The buying point was at around $325. Currently the price is approaching its resistance at $408 with support at $330. Dow Theory According to…

Read More

Crypto Mining Giant Bitmain Reports 88% Decline in Bitcoin Mining Power

Crypto Mining Giant Bitmain Reports 88% Decline in Bitcoin Mining Power

Beijing-based crypto mining rig manufacturing giant, Bitmain, recently reported that its internal Bitcoin and Bitcoin Cash mining operations have generated 88% less computing power compared to a month ago. The major cutdown has been revealed by the company in its monthly hashing power disclosure. As per the hashing power disclosure, on May 7th, the hash rate of all Bitcoin and Bitcoin Cash mining hardware which are running on the SHA265 chips has dropped significantly. Comparing…

Read More

UK’s Leading Travel Management Firm Corporate Traveller Partners with BitPay to Enable Crypto Payments

UK’s Leading Travel Management Firm Corporate Traveller Partners with BitPay to Enable Crypto Payments

The UK’s largest business travel management service provider Corporate Traveller has recently announced a collaboration with one of the world’s oldest and most reputed Bitcoin and blockchain payment provider BitPay. As a result, Corporate Traveller, the business arm of Flight Centre Travel Group, one of the world’s largest travel companies, has now started accepting Bitcoin and Bitcoin Cash for payments for its small and medium-size enterprises customers for business travel bookings, according to a press…

Read More

The Tor Project Enables Cryptocurrency Donations

The Tor Project Enables Cryptocurrency Donations

As cryptocurrency and its underlying technology, Blockchain technology, garner more traction towards the mainstream, this new era of digital currencies has proven to offer a wide range of use cases across different sectors. Ranging from the corporate world to our everyday grocery purchase, this set of virtual currencies have found its use in virtually every aspect of our lives today. Over the years, tons of innovative ideas were created to help demystify the complex technology,…

Read More

Digitec Galaxus Becomes the First Swiss Online Retailer to Accept Cryptocurrencies

Digitec Galaxus Becomes the First Swiss Online Retailer to Accept Cryptocurrencies

The biggest online retailer in Switzerland, Digitec Galaxus, has recently announced that it will now accept cryptocurrencies as a medium of exchange, according to a press release published on March 19. According to ecommerceDB, an e-commerce data platform, Digitec Galaxus was first launched in 2010, it is the world’s 100th biggest online retailer, and in 2018 had net sales of over $811 million, which seem only to increase this year. Digitec Galaxus, from now on,…

Read More

Weekly Crypto Market Analysis February 20th-27th: Bitcoin SV Goes Up, Bitcoin Cash Goes Down

Weekly Crypto Market Analysis February 20th-27th: Bitcoin SV Goes Up, Bitcoin Cash Goes Down

The whole crypto market seems to be experiencing a downward run. However, this is just a minor correction after two whole weeks of an intense bull run. This is a much-needed correction and we could all see it coming. The whole market is still in a way better position than its condition in January 2019. Amidst the sea of red, there are a few cryptocurrencies which were still trading in green over the past week….

Read More
1 2 3