Shopify goes Crypto
Shopify (NYSE:SHOP) and crypto-currency payment processor CoinPayments announced a new strategic partnership after jointly conducting a beta test last year.
The collaboration will make CoinPayments’ cryptocurrency payment processing solution accessible to all Shopify merchants as both companies seek to broaden the adoption of digital currency payments.
As part of the partnership, CoinPayments will now be a visible payment option for merchants on the Shopify platform, making crypto-currency transactions easier and more accessible while reducing transaction fees. Sellers will now be paid faster in one of the 1.8K crypto-currencies supported by CoinPayments.
Source: Shopify Help Center:
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Is Someone Close to Satoshi Moving 50 BTC From 2009?
The cryptocurrency community is in complete turmoil as information just became known that blockchain data revealed that Bitcoin had just been moved, which was mined in February 2009. The sum of BTC was one of the first cryptocurrencies ever mined, just one month after the first Bitcoin block was mined.
What exactly does this mean? Why is someone moving their Bitcoin now?
Block chain data shows that 50 BTCs that were mined in 2009 suddenly started moving. This means that some of the first mined Bitcoins are now in motion. But who is moving them and why they are doing this, the crypto-community is still unclear.
Was that Satoshi?
If you ask me, no! This address is not one of the known Satoshi addresses. There were already several miners back then. After a short research I found a chart that shows a visualization of the first mined blocks.
It shows which blocks were mined in dependence of the time, so you can see which blocks were mined by which miner. Based on further data we can assume that the person who moved his Bitcoins today also mined the blocks 3350, 3357, 3365, 3396, 3426, 3450, 3478, 3497, 3565, 3607, 3617, 3623, 3629, 3662, 3669 and many, many others. Most of these have also been moved in recent years. Therefore it’s very unlikely to be Satoshi.
What do you think? Could this have been Satoshi?
Buy Bitcoin to Escape the Fiat Bubble Says New Grayscale Report
Promises of unlimited money printing are causing the world’s largest crypto asset manager to sound the alarm among investors and promote Bitcoin as a solution. The conclusion of a new report by asset manager Grayscale is that Bitcoin (BTC) is now the best bet for investors against printing central bank money.
The world’s largest asset manager for digital currencies warned that the unlimited fiat money supply carries the risk of “devaluation” of the US dollar. Meanwhile, Bitcoin shows a 40% increase last month.
Source: Cointelegraph:
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Sweden Begins Testing Europe’s First Central Bank Digital Currency
Sweden’s central bank has begun testing an e-krona, bringing it that much closer to the proper release of a central bank digital currency (CBDC). The Riksbank is conducting a pilot project with Accenture, project will be in operation for one year, until February 2021. The idea is that this blockchain-powered currency would drive conventional payments and banking activities throughout the country.
Source: Bitcoinist.com:
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The Golden Cross Is Here
A rare bullish signal took place this week. The Golden Cross, as it’s commonly referred to, is a phenomenon that happened despite the price of Bitcoin dropping from $10,500 down to its current level at around $9,800. Historically, this has caused BTC to surge in value in the mid-term.
The last time this happened Bitcoin price surged 165% in 2 months.
Source: CryptoPotato:
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UEFA Tickets to Be Distributed Via Blockchain
One Million UEFA tickets to be distributed via blockchain this year. Soccer fans in Europe will join the list of early blockchain adopters thanks to a new initiative by the Union of European Football Associations (UEFA). UEFA will distribute over one million soccer match tickets via a blockchain-enabled mobile application. The organization claims that this new ticketing system will make “entry into the stadium smooth, safe and secure.” UEFA also stated that digital ticketing will help curb paper consumption and be more convenient for soccer fans.
Source: Cointelegraph:
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Metamask Reaches One Million Users
The ethereum browser wallet Metamask has surpassed one million users of its Google Chrome extension. Four years after launch this milestone comes as ethereum transactions see a spike, doubling in less than a month from 400,000 to now 800,000 transactions a day, the highest of any top blockchain. Gas usage has also spiked to its highest level since September, while fees remain very low at less than five cent for a fast transaction of under two minutes.
Source: Trustnodes:
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Margin Trading is now Available on Coinbase Pro
Coinbase announced that it’s “margin trading” feature provides leverage up to three times or “3x” for individual investors in 23 U.S. states. The leverage is also available to institutional traders in 44 states and nine countries.
Trading crypto on margin (or leverage) can amplify the impact of your trades by allowing you to borrow additional funds. If deployed as part of a responsible trading strategy, margin trading doesn’t just increase your position in a specific trade, but can also help diversify your portfolio, allowing you to hedge or arbitrage across multiple positions without depositing additional capital.
Source: CoinDesk:
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ICYMI: Chinese Bitcoin Farms shut down amidst Coronavirus Panic
Chinese Bitcoin farms are under attack once again! Authorities in China are cracking down on cryptocurrency mining units especially BTC farms in a bid to control the novel Coronavirus. The question is, what’s the benefit of shutting down mining machines to prevent the epidemic? Since Chinese Bitcoin farms represent a significant chunk of the BTC mining realm, it can surely impact the coin’s price in the coming days.
Source: Cryptopolitan:
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Coinbase: Bitcoin Will Become Closer to Digital Gold
Coinbase pushes the “Bitcoin as digital gold” narrative, in a blog post ahead of May’s upcoming halving event. After the May 2020 halving, mining rewards for each new block, mined approximately every ten minutes, will reduce to 6.25 BTC. This will bring the supply issuance of Bitcoin to a rate of around 1.7% per annum.
Stock-to-flow (S2F) is a measure of new supply rate over total supply and Coinbase notes that Gold’s stock to flow is higher than any other metal commodity and post-halving, Bitcoin’s S2F scarcity will be on a par with gold’s.
Source: Medium:
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