AT&T Will Now Accept Bitcoin For Your Phone Bill

US-based mobile users can now use bitcoin and cryptocurrency to pay their bill thanks to a new partnership between AT&T and BitPay. AT&T Will Take Your Bitcoin Bitcoin’s path to mass adoption continues forward as major US telecom giant AT&T has announced that customers now have the option to pay their bills in cryptocurrency. The addition of crypto payments makes AT&T the first major U.S. mobile carrier to offer this option and Kevin McDorman, AT&T’s vice president of Communications Finance Business Operations said: We’re always looking for ways to improve…

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Russian Central Bank ‘Would Consider’ Creating Gold-Backed Cryptocurrency

Russia’s central bank would consider creating a new cryptocurrency backed by gold for international settlements. Gold-Backed Crypto Could Have Use In Settlements That was the latest information to come from Elvira Nabiullina, head of the Bank of Russia, speaking to the country’s parliament, the Duma, about current plans involving cross-border finance. In principle, Nabiullina said in response to a query from one politician present on the Duma’s financial markets committee, the central bank is not opposed to creating a gold-backed cryptocurrency. This, she said, would be within the framework of…

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The Cryptocurrency Market Has Become a Casino

Crypto trading has always entailed a blend of skill and good fortune, but in the frothy markets of 2019, that weighting is skewed heavily in favor of the latter. Fundamentals go out the window when there’s a surety that the latest token is going to pump at any moment. For traders with a low timeframe patience, bitcoin will always be the safer and more profitable bet. But when your friends are getting fleetingly rich on altcoins, the temptation to FOMO in can prove irresistible. Also read: US Copyright Office Responds…

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Bitcoin Futures: Institutions Went 100% Long as Price Soared to $8K

Data from the US CFTC reveals that institutions on the CME went 100 percent long on Bitcoin futures, potentially capitalizing on yet another impressive green candle in mid-May.  CME: Institutions Went 100% Long on Bitcoin According to information released by the US Commodity and Futures Trading Commission, institutional investors had opened 100 percent long Bitcoin futures contracts as of May 14th. The total number of CME Bitcoin futures contract between May 7 and 14 was 199 and all of them were betting on Bitcoin going up. However, it’s also worth…

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Bitcoiners Slam Andrew Yang for ‘Cash is King’ Comment

Democratic candidate for the U.S. presidential elections Andrew Yang just shocked the Bitcoin community with one simple tweet “cash is king.” Andrew Yang Says Cash Is King To be fair, Andrew Yang was always something of a long-shot. But he was gaining the respect of a handful of technologists, humanists, and the Bitcoin community as well. Until yesterday, that is, when he either got his Twitter account hacked or just randomly decided to post one of the dumbest tweets ever. Cash is king. — Andrew Yang (@AndrewYang) May 22, 2019…

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Markets Update: Bulls Show Signs of Exhaustion as Crypto Prices Taper

Cryptocurrency prices have dipped slightly since our last markets update as most digital assets are down between 2-7% over the last 24 hours. Today, on May 23, the market capitalization of the entire cryptoconomy is around $237 billion and the daily global trade volume is roughly $77 billion. Also Read: US Copyright Office Responds to Craig Wright’s Bitcoin Registrations Crypto Markets Suffer From Slight Pullback Over the last 24 hours, digital asset prices have dropped a hair, losing some of the gains obtained last week. At the moment bitcoin core…

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Authorities Seize Dutch Bitcoin Mixer in ‘Worrying Precedent’

Cryptocurrency figures have reacted with dismay after authorities in the Netherlands seized and shut down popular Bitcoin mixer Bestmixer.io. Europol To Bitcoiners: ‘You Are Not Anonymous’ Confirmed in a press release May 22, a joint effort between Europol, the Dutch Fiscal Information and Investigation Service (FIOD) and Luxembourg authorities resulted in confiscation of Bestmixer’s assets, documents, files and web domain. Internet security company McAfee, the product of now pro-Bitcoin U.S. presidential candidate John McAfee, was also involved in the takedown. According to Europol, an investigation into the site, which offered…

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How to Easily Find a Bitcoin Cash ATM Near You

Cryptocurrency ATMs are a convenient way to get your hands on digital assets without opening an account with an exchange. Here’s how to easily find an ATM supporting bitcoin cash (BCH) transactions near you, wherever you are in the world. Also Read: How to Buy Pizza With Bitcoin Cash Put BCH ATMs on Your Radar There are more than 1,600 ATMs that offer the buying or selling of bitcoin cash (BCH) all around the globe. To find your nearest location, you can check out Coin ATM Radar, a service that…

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Bitcoin Exchange Bitfinex Scores Win Against NY Attorney General

Bitcoin exchange Bitfinex has secured a temporary reprieve in its ongoing legal tussle against the New York Attorney General’s (NYAG) office. NY Judge Grants Stay of Document In a press release issued on Wednesday (May 22, 2019), Bitfinex announced that Hon Joel M. Cohen on the New York Supreme Court granted its motion for an immediate stay of documents. An excerpt from the statement reads: This order is another victory in the ongoing defense of our businesses against the New York Attorney General’s overreach, and it comes on the heels…

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Zuckbucks or Bust: How SEC Rulemaking Hurts Startup Cryptos and Favors Big Tech

SEC guidance has created a more attractive environment for regulated tech firms like Facebook to offer proprietary cryptoassets integrated into their existing products that can be legally traded on existing crypto-exchanges as non-securities. Meanwhile, the SEC has targeted startup cryptos for increased scrutiny. Also Read: SEC Commissioner Says Time Is Right for Bitcoin ETFs — 3 Funds Pending The crypto community’s reaction to last month’s SEC guidance ranged from shrugs to consternation. SEC Commissioner Hester Peirce mused that the 38-factor test may “raise more questions than it answers”. These factors,…

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