Bitcoin Finds Support at Key Level After Massive Long Liquidations

After a sharp market sell-off caused a flurry of long liquidations over the past 24 hours, both bitcoin (BTC) and several other major cryptoassets found support Thursday morning as the number one cryptocurrency bounced off a key level in the chart. As of press time on Thursday (08:00 UTC), bitcoin is trading at USD 8,840, down 3.75% over the past 24 hours. Meanwhile, ethereum (ETH) and XRP are down by 3.44% and 1.8%, respectively. As a result of bitcoin falling more than many altcoins, the most recent sell-off partly reversed yesterday’sincrease in bitcoin’s dominance of the total…

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Bitmain Announces Specs for Next-gen Antminer S19 and S19 Pro Coming Soon

SINGAPORE, Feb. 27, 2020 /CNW/ — Bitmain is officially announcing the new Antminer S19 and S19 Pro, two new Antminers offering incredible performance. The next-generation Antminer S19 and S19 Pro come in two variants. The Antminer S19 is equipped with a hash rate of 95 TH/s, while its other variant has a hash rate of 90 TH/s, both variations have a power efficiency of 34.5+/-%5 J/TH. As for the Pro version, hash rates and power efficiency are further improved. The Antminer S19 Pro features a hash rate of 110 TH/s, while its…

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Shopify Joins Facebook-led Libra Association To Help Build Stablecoin Payment Network

E-commerce platform Shopify has announced that it has joined the Libra Association. This means that the online shopping firm is the latest entrant of the Facebook-led stablecoin project. The entry of Shopify into the association comes barely a month following Vodafone’s pull out with the aim of developing its solo virtual payments platform. This marks the first time the organization is admitting a new member since it was created. In a blog post, Shopify stated that it aims at working with other members to develop a payment system which can work…

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Survey Unveils Profile of Bitcoin (BTC) and Ethereum (ETH) Holders in Malaysia, Vietnam and the Philippines

The Organization for Economic Cooperation and Development (OECD) has released a 62-page report on the behaviors, attitudes, and experiences of crypto holders in Southeast Asia. The survey shows a number of findings regarding the profiles of people in Malaysia, Vietnam and the Philippines who own cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). Based on a sample of 3,006 online participants, the research reveals that 34% of Millennials, 25 to 34 years old, own cryptocurrencies. The age group represents the highest ownership of crypto assets in the three Asian countries. In addition,…

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Former CFTC Chair: Time for Fed to create digital dollar

A former regulator is trying to connect private players with the government to spur development of a central bank-issued digital currency. Former Commodities and Futures Trading Commission Chairman J. Christopher Giancarlo told Yahoo Finance’s “On The Move” on Thursday that the Federal Reserve needs to issue a digital currency to catch up with the likes of the Chinese government.  A central bank digital currency could take on many forms, but in principle physical currency would be replaced by blockchain-linked digital units held in a mobile wallet. Merchants would have to…

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Riot Blockchain Plans Sale of Crypto Exchange as It Invests More Millions in Bitcoin Mining

Nasdaq-listed Riot Blockchain plans to sell its cryptocurrency exchange RiotX while doubling down on its bitcoin mining businesses.  In an announcement on Thursday, the company said it is considering opportunities to divest itself of the limited assets associated with the exchange, launched in early 2018, due to the regulatory environment, security risks and competition from peers.  “In order to concentrate its focus on cryptocurrency mining, Riot has opted to sunset further development of Riot’s U.S.-based digital currency exchange,” the company said in a statement.  Riot has hired Chicago-based investment bank XMS Capital Partners to…

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Drug dealer loses codes for €53.6m bitcoin accounts

A drug dealer who amassed a €55 million fortune in the cryptocurrency bitcoin has lost the codes to access the accounts after hiding them with his fishing rod, which has now gone missing. The Criminal Assets Bureau (Cab) has confiscated the 12 online accounts, or wallets, containing 6,000 bitcoin. However, The Irish Times has learned the accounts cannot be accessed because the codes are missing. It means the €53.6 million monetary value of the bitcoin inside them, which is the biggest case in the Cab’s 25-year history, is out of the bureau’s…

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Norwegian Air May Allow Customers to Pay With Crypto as Soon as Spring

Travelers on Norwegian Air, one of the largest airlines in Europe, will soon be able to pay for flights using cryptocurrency. In an interview with a local business newspaper, Norwegian Block Exchange (NBX) CEO Stig Kjos-Mathisen said his crypto trading platform had successfully developed payment infrastructure that will allow customers on Norwegian Air to purchase tickets with digital assets. “Everything is ready to go from our side”, Kjos-Mathisen said in the interview. NBX aims to roll out the new feature to Norwegian customers sometime later this year, possibly as early as the spring.…

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Coinbase receives Visa principal membership to offer more features for its debit card

Coinbase has now become a Visa principal member, a move that will allow the crypto exchange to offer more features for its debit card. Announcing the news on Wednesday, Coinbase said it is the “first pure-play cryptocurrency company” to receive Visa membership. Principal members of Visa are financial institutions that are reportedly authorized to act as “issuing bank,” meaning they could issue cards and provide transaction processing services. It remains unclear how Coinbase plans to utilize the membership and what specific features it will offer. The Block has reached out to the exchange and…

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Samsung Is Quietly Becoming A Major Bitcoin, Crypto And Blockchain Player

Samsung, the South Korean technology giant and creator of the Galaxy smartphone range, could soon become one of the biggest drivers of bitcoin, crypto and blockchain adoption. While bitcoin traders and investors are focused on the upcoming bitcoin halving, a looming U.S. bitcoin crackdown, and rocky crypto trading volume, Samsung is putting the power of bitcoin, crypto and blockchain in people’s hands. Last week, Samsung, which makes up 19% of global smartphone sales and last year sold almost 300 million phones according to data site Statista, unveiled it latest Galaxy smartphone range with its new…

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