#1 Source for BlockChain News

Category archive

news

eBay

eBay Not Accepting Cryptocurrency Payments

Earlier this week, there were rumors that eBay (NASDAQ:EBAY) is going to start accepting cryptocurrency as a form of payment. While the e-retailing giant did not confirm these rumours at the time, many thought it was true: the company’s banners at the Consensus conference indicated so. But it’s not true. And the company has now confirmed that.

Here’s everything we know.

eBay Accepting Crypto? Nope

It’s no secret that the list of companies that have started to accept cryptocurrencies, like Bitcoin, as payment is growing. And at a rapid pace, might we add. But not everyone is jumping on this train, despite rumours saying so. One company is eBay, which said yesterday, according to Bloomberg, that it is not accepting, nor is it planning to accept cryptocurrencies as a method of payment.

“Cryptocurrency is not accepted as a form of payment on the eBay platform, nor is it part of our payments strategy,” explained a spokesperson for the San Jose, California company.

Of course, this might come as a disappointment to some. When you combine this week’s increase in crypto prices with the company’s reach, in addition to its “Virtual Currency. It’s happening on eBay” billboards, one might have been convinced the rumors were true.

Then again, not everyone seems disappointed. After all, EBAY stock didn’t plunge on the market today. In fact, EBAY stock closed the day up 0.65%. 

Never Say Never

Some companies don’t like to announce things too fast. Just because crypto payments are not part of eBay’s payments strategy right now doesn’t mean it won’t ever be. The company is clearly aware of the potentials of the industry, so we have to think it is not ousting the idea entirely. 

What do you think? Do you think eBay should start accepting cryptocurrencies as a method of payment? Let us know in the comments below! 

Featured image: DepositPhotos 

If You Liked This Article Click To Share

!function(f,b,e,v,n,t,s)if(f.fbq)return;n=f.fbq=function()n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)(window,
document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘894368744004449’);
fbq(‘init’, ‘447469122301599’);
fbq(‘init’, ‘1763072463990516’);
fbq(‘track’, ‘PageView’);

(function(d, s, id)
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “http://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.6”;
fjs.parentNode.insertBefore(js, fjs);
(document, ‘script’, ‘facebook-jssdk’));

GlobalCoin

Facebook’s GlobalCoin Could be Launching as Soon as Next Year

There’s been a lot of information circulating that Facebook is moving into the crypto market. And while some of this information is outright false, other bits are true — at least, that’s what the sources say. Take today, for example. On Friday, BBC said Facebook (NASDAQ:FB) is going to roll out GlobalCoin next year in several countries.

Here’s everything we know.

Facebook’s GlobalCoin Hitting the Market Soon?

According to BBC, a London, UK-based broadcasting company, Facebook is planning to roll out its cryptocurrency “GlobalCoin” in 2020. The online media giant, according to the BBC report, will launch the crypto-based payments system in roughly 12 countries by Q1 2020. And while that might seem far away, BBC also said Facebook plans to commence trials by the end of 2019. That and Mark Zuckerberg’s company has also already gone to the U.S. Treasury for advice.

More details about GlobalCoin are expected to be announced in the coming months. And while the world does need these additional details — the influence Facebook has on the world is huge, so the possibility of the company moving into crypto is extremely significant — Facebook seems to already be benefiting from the BBC report. Well, maybe not benefitting, but at least FB stock didn’t plunge after the report on GlobalCoin came out.

According to Yahoo Finance, as of 3:44 PM EDT, FB stock is trading at $181.19; this puts FB stock up 0.18%.

Takeaway

As mentioned, Facebook launching its own cryptocurrency is massive. Companies like Facebook and Amazon are constantly moving into different sectors of the market successfully, and the launch of GlobalCoin in a dozen countries would be yet another example of this. 

What do you think, though? Should Facebook launch GlobalCoin? If so, which countries should gain access to the cryptocurrency?

Let us know what you think in the comments below, and don’t forget to follow along with this story in the coming months! 

Featured image: DepositPhotos 

If You Liked This Article Click To Share

!function(f,b,e,v,n,t,s)if(f.fbq)return;n=f.fbq=function()n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)(window,
document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘894368744004449’);
fbq(‘init’, ‘447469122301599’);
fbq(‘init’, ‘1763072463990516’);
fbq(‘track’, ‘PageView’);

(function(d, s, id)
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “http://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.6”;
fjs.parentNode.insertBefore(js, fjs);
(document, ‘script’, ‘facebook-jssdk’));

Fidelity

Fidelity Investments will Trade Bitcoin in a Few Weeks!

According to Bloomberg, Fidelity Investments is on the verge of buying and selling Bitcoin (BTC). Earlier this year, the firm began a custody service to store Bitcoin, but now it will evolve to trading.

Fidelity Investments Embraces Bitcoin

Fidelity is one of the largest asset managers in the world. Its newly-formed arm—Fidelity Digital Assets—will be the first of its kind to offer “over-the-counter trade execution and order routing for Bitcoin.”

The Wall Street giant is aiming its cryptocurrency trading product at institutional traders and will start with Bitcoin.

According to Fidelity spokesperson Arlene Roberts:

“We currently have a select set of clients we’re supporting on our platform. We will continue to roll out our services over the coming weeks and months based on our clients’ needs, jurisdictions, and other factors. Currently, our service offering is focused on Bitcoin.”

Wall Street Embraces

Fidelity joins brokerages E*Trade Financial Corp and Robinhood in offering cryptocurrency trading to clients. But where the latter two target retail investors, Fidelity is only targeting institutional customers.

The company released a study on May 2 stating that 47% of institutional investors believe digital assets are a good investment idea.

Mainstream Adoption

The news should be enough to spur on Bitcoin bulls. One of the greatest hurdles faced by Bitcoin is mainstream adoption. Price volatility, fraud, and theft remain major concerns for institutional investors and keep Wall Street at bay when it comes to crypto.

>> Bitfinex Plans to Sell $1 Billion Worth of LEO Tokens

Bitcoin is currently on an upward swing, having already grown more than 50% so far this year. The coin currently sells for $5,725 approximately according to CoinMarketCap. The month of May alone has seen the coin surge almost 8% as it heads toward $6,000 per coin.

What are your thoughts on Fidelity’s embrace of Bitcoin? Do you think it’s simply a matter of time before others follow suit?

Featured Image: DepositPhotos © melis82

!function(f,b,e,v,n,t,s)if(f.fbq)return;n=f.fbq=function()n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)(window,
document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘894368744004449’);
fbq(‘init’, ‘447469122301599’);
fbq(‘init’, ‘1763072463990516’);
fbq(‘track’, ‘PageView’);

(function(d, s, id)
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “http://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.6”;
fjs.parentNode.insertBefore(js, fjs);
(document, ‘script’, ‘facebook-jssdk’));

Fundstrat Prediction

Fundstrat Prediction | Bitcoin will Rally to New Heights Next Year

Another Fundstrat prediction has emerged. This time there’s no messing about; the firm predicts that Bitcoin will hit $20,000 USD next year. You can bet investors are sitting up.

Fundstrat has made calls that have come true in the past, so should we listen this time around?

Fundstrat Prediction

The most recent prediction the research body made was that Bitcoin was going to crash in the latter half of 2018. It came true. At the time, BTC was trading at approximately $5,500 and could have easily climbed beyond.

Now the firm is saying Bitcoin’s rough patch is behind us and it’s time to jump back on the Bitcoin buzz train. So should we listen?

Fundstrat Prediction: Strategist Robert Sluymer

According to Robert Sluymer, a Fundstrat technical strategist, Bitcoin looks set to rally in the second half of 2019 as he sees a long-term bullish trend developing. Recently, we saw a sign of this when a Bitcoin Golden Cross formed for the first time since 2015.

A golden cross is a technical chart pattern that indicates a major rally is on the horizon.

Further, another reason to expect more gains has been the increased interest from institutional demand. This comes according to fellow Fundstrat analyst, Bitcoin bull Tom Lee.

Use Weakness to Accumulate

Sluymer has reportedly told clients to use the “recent weakness to accumulate” Bitcoin. According to a research note cited by Bloomberg, he says the following:

“Use pending pullbacks to continue accumulating Bitcoin in the second quarter in anticipation of a second-half rally through ~6,000 resistance.”

He goes on to suggest that Bitcoin is currently in “the early stage of a longer-term recovery developing.”

Sluymer adds:

“While it’s premature to conclude Bitcoin will not retest support near $4,300, we would encourage traders and investors to remain focused on the bullish longer-term technical profile developing.”

>> Facebook Partners with E-Commerce Companies to Support Crypto Payment

Whether you want to heed the Fundstrat prediction or not remains the choice of the investor. But Bitcoin price has been on a bullish rally in recent months, and this is clear to see. February has seen the coin steadily make gains, but the real “Eureka” moment arrived on April 1st.

On this day, Bitcoin jumped from $4,155 to $4,805 for no discernable reason. Since then the coin has continued to climb and is now selling for $5,813 USD—the first time the coin has breached the $5,800 mark since early in 2018.

What do you think of this Fundstrat prediction?

Featured Image: DepositPhotos © SectoR_2010

!function(f,b,e,v,n,t,s)if(f.fbq)return;n=f.fbq=function()n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)(window,
document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘894368744004449’);
fbq(‘init’, ‘447469122301599’);
fbq(‘init’, ‘1763072463990516’);
fbq(‘track’, ‘PageView’);

(function(d, s, id)
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “http://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.6”;
fjs.parentNode.insertBefore(js, fjs);
(document, ‘script’, ‘facebook-jssdk’));

Bitcoin scam

NYPD Warns of New Bitcoin Scam

When something becomes mainstream, we have to expect that some people will abuse it in some shape or form. In the case of cryptocurrency, we have seen several crypto scams surface over the past two years. The latest is a Bitcoin scam, announced this week by the NYPD.

Here’s what we know.

Everything We Know About the Latest Bitcoin Scam

On Tuesday, April 30, the NYPD warned the masses of an ongoing Bitcoin scam, in which callers are impersonating government officials and requesting payments in Bitcoin.

According to the report, scammers are pretending to be from the Social Security Administration (SSA); they are using spoofing technology to manipulate caller IDs to show the numbers of the SSA. Scammers then tell victims that their Social Security number has been used either to open new accounts or in some kind of money laundering operation. To resolve this problem, the scammers are asking victims to send money. Most commonly they are asking for Bitcoin, which is why many are calling it the latest crypto scam. As for the NYPD, they are referring to it as a phone scam, as scammers have also asked to be paid in bank wire transfers or prepaid gift cards.

According to the department, these scammers have stolen more than $2 million in 2019 so far. “Victims of this type of phone scam are not limited to senior citizen,” said Chief of Community Affairs Nilda Hofmann. “If you even suspect a call to be fraudulent, don’t take a chance, just hang up.”

>> Fundstrat Prediction: Bitcoin will Rally to New Heights Next Year

Scams Won’t Stop

Financial and crypto scams will never go away. The upside is that the NYPD has warned the public of this phone and Bitcoin scam, and now we know how to protect ourselves with the information provided. And the department has the public’s back, with Hofmann saying the NYPD “will not rest until we bring those responsible for these crimes accountable.”

Takeaway

As the month progresses, this latest Bitcoin scam will be a story to keep an eye on. What do you think of everything that’s happening? Let us know in the comments below!

Featured image: DepositPhotos © romsvetnik

!function(f,b,e,v,n,t,s)if(f.fbq)return;n=f.fbq=function()n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)(window,
document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘894368744004449’);
fbq(‘init’, ‘447469122301599’);
fbq(‘init’, ‘1763072463990516’);
fbq(‘track’, ‘PageView’);

(function(d, s, id)
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “http://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.6”;
fjs.parentNode.insertBefore(js, fjs);
(document, ‘script’, ‘facebook-jssdk’));

1 2 3 19
Go to Top
%d bloggers like this: