MOVO® Launches MOVO Chain® Upends Crypto Send and Spend

Users can cash-in a cryptocurrency’s real-time value via a Digital Debit Mastercard®, Peer-to-Peer Transfer, Bill Pay or connection to Apple Pay® or Google Pay® July 27, 2021 09:00 AM Eastern Daylight Time PALO ALTO, Calif.–(BUSINESS WIRE)–MovoCash, Inc., a California-based Fintech company, today announced the launch of MOVO Chain® by MOVO®. This technology is a cryptocurrency-to-cash (C2C) and peer-to-peer (P2P2P®) interoperability solution that upends cryptocurrency sending and spending by using a patent-pending blockchain solution to quickly convert stored value held in cryptocurrency into fiat currency (United...

Bitcoin, Cryptocurrencies, Press release

Continue reading

Elon Musk, Jack Dorsey, and Cathie Wood discussed the future of Bitcoin at The B Word conference

Elon Musk, Jack Dorsey, and Cathie Wood discussed the future of Bitcoin at “The B Word” conference

Yesterday, Elon Musk, CEO of Tesla and SpaceX, Ark Investment CEO Cathie Wood, and Twitter and Square founder/CEO Jack Dorsey talked about the present status of Bitcoin and some of the most urgent problems surrounding its operation. According to Wood, the most unexpected feature of digital money was its disruption of the current economy. Its function as a payment system, she added, was one of the most appealing features, which Musk backed up by citing decentralization and other conventional systems’ advantages. From an IT perspective, there is an obvious opportunity for Tesla’s CEO, since Bitcoin is quicker and less error-prone. This...

Bitcoin, Cryptocurrencies, Featured, Main

Continue reading

Bitcoin Today - July 2021: Bitcoin price prediction; Dogecoin, Elon Musk

Bitcoin Today – July 2021: Bitcoin price prediction; Dogecoin, Elon Musk

Bitcoin expected to surpass the dollar in value by 2050 and reach $66,000 by the end of the year. The bitcoin price is still considerably higher than it was when it started its most recent rise in October, a bull run that drove the total cryptocurrency market to an all-time high of $2.5 trillion before plummeting by almost half. In a recent study, Delphi Digital took a macro look at Bitcoin’s current price movement and discovered that a number of variables, including low exchange volumes and the strengthening of the U.S. dollar, have had a significant impact on the top cryptocurrency’s performance. One-day chart of the...

$DOGE, Bitcoin, Featured

Continue reading

GBTC unlock, where is the price of BTC going

GBTC unlock. Where is the price of Bitcoin going?

A portion of Grayscale Bitcoin Trust’s shares worth almost 40,000 bitcoins will become available in July as part of the world’s biggest bitcoin fund’s much-anticipated lockup expiry.  A pivotal month for GBTC’s market effect is about to begin, with BTC price action continuing to “do everything right” to maintain support. The Grayscale Bitcoin Fund (GBTC) is scheduled to release more than 40,000 BTC in the next weeks, after a six-month lock-up period.  This forthcoming Grayscale Bitcoin Trust (GBTC) Unlock is one of the year’s most anticipated events in the cryptocurrency world.  There...

Bitcoin, Featured, GBTC, Main

Continue reading

Argentina looks to Bitcoin as peso plummets

Argentina looks to Bitcoin as peso plummets

Workers’ salaries may be paid in bitcoins or other cryptocurrencies, according to a law filed by José Luis Ramón, a national representative representing the province of Mendoza. El Salvador passed a similar proposal a month earlier, authorizing the so-called Bitcoin legislation, which makes the world’s most popular cryptocurrency a legal currency in the nation. “Bitcoin provides workers with a tool to preserve their remuneration’s buying power”Rep. José Luis Ramón According to José Luis Ramón, who spoke to the paper La Nación, the initiative was created with the goal of “supporting more autonomy...

Bitcoin, Cryptocurrencies, Featured, Main

Continue reading

How Bitcoin Transactions Work

How Bitcoin Transactions Work

Transactions are the most important aspect of the Bitcoin network. Everything else is built and organized in such a manner that transactions can be effectively sent, validated, and confirmed. Transactions are made up of inputs and outputs; inputs are what goes into the transaction, and outputs are what comes out. Following that, the outputs of one transaction may be utilized as inputs for subsequent transactions. A transaction is the decentralized exchange of value between two parties without the need of a third-party middleman. Each Bitcoin transaction is uniquely characterized by a series of digitally signed data. Each participant in...

Bitcoin, Featured

Continue reading

The next mayor of New York could have laser eyes

The next mayor of New York could have laser eyes

New York City Democratic mayoral front runner Eric Adams said he would turn the city into a bitcoin hub within a year, rivaling Miami for the position as the epicenter of the US crypto community.  The price of bitcoin has steadied on Friday, following a tumultuous week that took it to new lows for 2021.  Crypto analysts remain divided over the short and medium-term direction of the market, though major investors like MicroStrategy continue to “buy the dip”.  The relative stability had a calming effect on the broader cryptocurrency market, with Ethereum (ether), Cardano (ada), and dogecoin all moving by less than a few...

Bitcoin, Cryptocurrencies, Featured, Main

Continue reading

Estado de adopción de Bitcoin en América Latina

Status of Bitcoin adoption in Latin America

Bitcoin advocates in Latin America are racing to follow El Salvador’s lead, but legislative efforts have made little progress so far. The acceptance of Bitcoin as a legal currency in El Salvador at the Miami 2021 Bitcoin conference has caught the attention of Latin American lawmakers. That’s not surprising, given the region’s long history of underdevelopment and turbulent politics, and the inability of its people to participate in the global financial system, with too many unbanked families. With its digital ubiquity and lack of centralization, Bitcoin and DeFi are becoming more attractive in a region of the world eager...

Bitcoin, Crypto world, Cryptocurrencies, Featured, Main

Continue reading

number go up - to the moon

What is Bitcoin’s Number Go Up technology?

The ‘Number Go Up’ has an interesting origin from the world of Bitcoin memes and Twitter discussion, where it is often referred to as NgU technology. Number Go Up technology refers to Bitcoin’s difficulty setting feature and strictly limited supply of 21,000,000 (twenty-one million units). Given the extreme scarcity of Bitcoin and the inability to copy it, this causes the price of Bitcoin to go up. When did the “Number Go Up” come about? According to some opinions, the first time that “Number Go Up” was mentioned would have been in a comment on Twitter by the user Blade Runner in 2017, at...

Bitcoin, Cryptocurrencies, Featured, Main

Continue reading

bitcoin as a legal tender

Bitcoin as a Legal Tender: What that Means for All of Us?

By Elena Obukhova, founder & CEO at FAS | Fintech Advisory Services We all heard the recent news that El Salvador is to become the first country to use Bitcoin as a legal tender. What would that mean for the rest of the world?  Honestly, I am not surprised that the first country to do so comes from Latin America. Countries in the region have been suffering from multiple crises and economic instability.  People started losing trust in the government and central banks. In 2001, for example, Argentina froze all bank accounts and only allowed small withdrawals from peso-denominated accounts. It was not the first case of the...

Bitcoin, Cryptocurrencies

Continue reading

© Cryptopress. All rights reserved.