Author: Fintech Crypto News

AT&T Teams With BitPay to Start Accepting Bitcoin as a Payment Option

AT&T announced on 24th May, 2019 that it would start accepting Bitcoin as a payment option from its 150+ million subscribers. Mobile carrier’s decision would assist in taking cryptocurrencies to the masses. The company has teamed up with BitPay to allow its customers to pay bills for their mobile usage via its app or online. BitPay which is amongst one of the most well known payment service providers in crypto, is going to process the payments made in cryptocurrency for AT&T, BitPay will also convert the crypto into fiat currency. Although most seem to see the move as a...

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JP Morgan Chase Analysts Warn That Bitcoin (BTC) and Crypto Market Has Surged Above ‘Intrinsic Value’

Analysts at J.P. Morgan Chase are saying that the cost of Bitcoin has gone over its intrinsic value during its 2019 rally. JPM strategists are asserting that Bitcoin is exchanging above what they consider to be the currency’s intrinsic value. Like the contention for gold and other valuable metals, Bitcoin and other digital currencies have battled back-and-forth with the idea of what comprises ‘actual value.’ Bloomberg was the first to report the JPM news, making the case that BTC is potentially entering a similar phase as it was in during the bullish rally at the end of 2017. The...

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Cryptopia Enters Liquidation Phase, Stolen Ethereum Transferred from Exchange to Unknown Wallet

Just seven days after Cryptopia entered the liquidation procedure, more than 30,000 ETH stolen from the exchange in January were transferred to an obscure wallet. Clients have lost all hope of recovering any amount after the news of transfer. As affirmed by WhaleAlert, a tracker of enormous cryptographic money related exchanges, the exchange happened at 01:43:57 UTC on 20 May 2019. The accurate sum being referred to was 30,790 ETH, esteemed at $7.74 million, at press time. The trade said in a related FAQ declaration that regardless of whether the assets were not influenced by the January hack until...

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Facebook Registers ‘Libra Networks’, its Secret Cryptocurrency Project, in Switzerland

As indicated by a Reuters report, Facebook enrolled another organization, Libra Networks, in Geneva on May 2. This corresponds with the moderate take off of their digital money project that will characterize the organization’s first raid into blockchain innovation. Facebook Global Holdings is an investor in the new organization and it will, as indicated by Reuters, “provide financial and technology services and develop related hardware and software, plans submitted on the Swiss register reveal.” Facebook’s walk towards crypto has been gradual. The organization’s most recent move was the procuring of Coinbase’s compliance managers. The Libra venture has unsettled the...

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John McAfee ‘Goes Dark’ After Sending Out His Last Tweet on Ethereum Cryptocurrency

The web security pioneer and McAfee founder, John McAfee recently tweeted saying that he must “go dark” since few government forces are after him. McAfee is known for his publicity stunts and unabashed honesty in his twitter commentary. John McAfee, the eccentric antivirus pioneer known for publicity stunts and brushes with the law, announced he must “go dark” on Twitter, where he frequently comments on cryptocurrencies and has recently said government forces are out to get him. The Crypto-Twitter people group pays a great deal of regard to McAfee as a result of his conviction towards Bitcoin and cryptographic...

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