cryptocurrency

Mexican-Style-Restaurant-Chipotle-Now-Accepts-Crypto-Payments
Mexican-Style Restaurant Chipotle Now Accepts Crypto Payments

Chipotle now accepts cryptocurrency via digital payments platform Flexa. Customers must download the Gemini or SPEDN app and scan it to pay. Flexa offers a 10% off of first crypto payments using the app. Flexa, a digital payments platform, announced today that the Mexican-style fast-food restaurant chain Chipotle will now accept crypto payments through Flexa. Flexa is a merchant-focused app designed to reduce costs, settlement times, and fraud. Cryptocurrencies, such as Bitcoin, Ethereum, Dogecoin and more than 90 other currencies, were supported by Flexa.  By using the Flexa app, customers can now order food from any of the 3,000 Chipotle

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Bitcoin Drops $33K, Predictions to Hit $10K This Year
Bitcoin Drops $33K, Predictions to Hit $10K This Year

Bitcoin dropped below $33K after a continuous plummet from $36K. The downward pressure was due to increased interest rates imposed by the US Federal Reserve. Economists and crypto insights predicted it will hit $10K this year. The first cryptocurrency Bitcoin dropped below the $33,000 mark after falling by almost 6.9% in the past 24 hours and about 18.7% for the past seven days.  According to the data from CoinMarketCap, the market capitalization of the largest cryptocurrency collapsed to less than $600 billion. Yet, that amount was sitting at more than $900 billion on March 28. The downward pressure started after

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Elon Musk May Visit Dubai as Speaker for Blockchain Summit
Elon Musk May Visit Dubai as Speaker for Blockchain Summit

Elon Musk has been invited to become a guest of honor at the Future Innovation Summit 2022 in Dubai. The two-day summit has secured the partnership of industry giants like Google, NASA, Microsoft, etc. However, it is not clear whether Musk has accepted the invitation or not. Tesla CEO Elon Musk may visit Dubai, UAE this May as he may become a Guest of Honor at the Future Innovation Summit 2022. The conference will happen from May 11 to 12 at the Meydan Hotel in Dubai. According to the official conference website, Musk has been invited to join the two-day

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Telegram CEO Faces Extended Detention as French Authorities Investigate
Telegram Now Allows Users to Send Crypto via Its App

The Open Network (TON) allows Telegram users to send Toncoin via chats. There’s no transactions fee for sending Toncoin through Telegram messaging app  Telegram claims that this new feature is easier and faster than sending Toncoin on other platforms. TON launched a “wallet” bot which grants more than 550 million of Telegram users to send and receive Toncoins without transaction fees. In addition, users “no longer need to enter long wallet addresses and wait for confirmations.” According to The Open Network, Telegram users who would like to send Toncoin via the new wallet bot will have to install the latest

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Former Google CEO Starts Investing in Crypto
Former Google CEO Starts Investing in Crypto

Former Google CEO Eric Schmidt said he invested “a little bit” of money into crypto. Schmidt hasn’t revealed the name of any coins he invested in. He pointed out that Web3 economics are ‘interesting’ and it will work soon. Former Google CEO and Chairman Eric Schmidt discussed investing in cryptocurrency and Web3 in an interview last Thursday. According to an interview with CNBC, Schmidt disclosed that he invested “a little bit” of money into cryptocurrency. Yet, he emphasized that Web3 is the most interesting part of blockchain. The 67-year-old served for 10 years as the CEO of Google, from 2001

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Singaporean Central Bank Imposes Strict Licensing Process
Singaporean Central Bank Tightens Crypto Licensing

The Monetary Authority of Singapore (MAS), Singapore’s central bank and crypto regulator, imposed a stringent licensing process on crypto service providers. “We want to be a responsible global crypto hub,” said Ravi Menon, the Managing Director of MAS. He pointed out that people can use crypto for money laundering and financing terrorists. Singapore’s central bank and crypto regulator — Monetary Authority of Singapore (MAS) — said that the process of licensing crypto service providers must be stringent.  Ravi Menon, the Managing Director of MAS, shared his concerns about the risks of investing in cryptocurrency. Specifically, he spoke to retail investors

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Portugal and Thailand Choose To Exempt Tax on Bitcoin and Cryptos
Portugal and Thailand Choose To Exempt Tax on Bitcoin and Cryptos

Portugal and Thailand have chosen to exempt tax on Bitcoin and cryptos. India will take 30% tax from income made from crypto sales transactions. More and more countries are slowly taking steps to accept the use of cryptocurrencies.  It seems the time for crypto and Bitcoin to be legally accepted by world governments is finally dawning this 2022. According to multiple announcements, many nations are taking active steps to acknowledge the use of Bitcoin and other cryptos.  According to Blockworks’ multiple tweets, many nations are slowly taking official steps to accept the use of cryptocurrencies. Most recently, the crypto news

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Italian Bank, Unicredit, to Ban Crypto Transactions
Italian Bank, Unicredit, to Ban Crypto Transactions

Italian bank UniCredit restricted crypto transactions. The bank shared the news on its official Twitter account Also, Italian regulators previously restricted Binance from operating in the country. Italian bank, UniCredit, announced plans to ban crypto transactions. The bank shared the news on its official Twitter account. The tweet roughly translates to, Hello, the current Group policies prohibit relations with counterparties issuing virtual currencies or acting as exchange platforms. The bank has also notified users that a failure to comply with the ban will lead account closure. Needless to say, the tweet elicited mixed reactions from Italian crypto enthusiasts. While some

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Invested in Crypto in Early 2021
How Much Will Your $1K Be Worth If You Invested in Crypto in Early 2021?

Traders would have made significant profit if they invested in crypto in early 2021. Top gainers are Telcoin, Polygon, and Dogecoin. Meanwhile, Bitcoin and Ethereum are having a price correction. While the crypto market has not yet returned to full swing, a number of popular coins and tokens are beginning to show bullish signs. Most of these have been having an impressive 7-day run, especially XRP, which is at 54.1%, and ADA, currently sitting at 42.5%. As if these are not enough cause for celebration, Twitter user Jon Erlichman wrote a list of cryptocurrencies and other assets that would have

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Crypto Mining in Abkhazia Shut Down Over 300 Mining Rigs

Abkhazia continues to shut down crypto mining farms The authorities have sealed and disconnected a total of 300 mining rigs The local government of Abkhazia, a partially recognized South Caucasus republic, continues to shut down crypto mining farms. Specifically, the authorities have already closed eight crypto mining farms from June 1 to June 14. This movement was made to enforce the country’s law on the crypto mining ban. The authorities have sealed and disconnected a total of 300 mining rigs. Furthermore, the largest mining farm that was inspected by the Abkhazia police was in Gali District. The mining farm in

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Elon-Musk-Starting-to-Lose-His-Charm
Is Elon Musk Starting to Lose His Charm Among the Crypto Community?

Tesla CEO Elon Musk has earned a reputation within the crypto community as a person who can literally launch thousands upon thousands of transactions by a single tweet. However, his recent tweet about allegedly speaking with North American Bitcoin miners did not give the crypto its much-needed boost to leave the $30K trenches. After posting the above tweet, Bitcoin rose by about $2,000 from $36,000 to $38,000. But that was two days ago. At the time of writing, Bitcoin price is at $39,024.29, according to CoinGecko. Interestingly, compared to the past, Elon’s tweets would move the market way higher (or

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Singaporean-Banking-Crypto-Trust-Solution
Singaporean Banking Giant Launches Crypto Trust Solution

Singaporean banking giant DBS Private Bank has launched its crypto trust solution. Clients can now invest and manage their own crypto asset portfolio. DBS Private Bank earlier released a members-only crypto exchange service. Singaporean banking juggernaut DBS Private Bank announced the launching of its very own trust solution for cryptocurrencies. Through its own trust firm DBS Trustee, clients will be able to invest and manage their own crypto asset portfolio. According to Singapore-based publication The Business Times, DBS clients can avail of the said service for four cryptocurrencies, namely Bitcoin, Ethereum, Bitcoin Cash, and XRP. These are also the cryptocurrencies

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