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Crypto exchanges say payment gateways blocking their transactions

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On Tuesday, Nischal Shetty, the chief executive of cryptocurrency exchange Wazirx, took to Twitter to express concern over banks refusing crypto transactions.
They were citing a 2018 RBI ban on banks dealing in crypto, which the Supreme Court had struck down in 2020, he said.
Day 915Confusion in India’s banking industry is hurting 1.5 CRORE Indians in Crypto.The Honourable Supreme Cour… https://t.co/OUzdWlevzW— Nischal (WazirX) ⚡️ (@NischalShetty) 1620102711000
A top executive of another crypto platform, who did not wish to be named, also said banks had told payment gateways to block such transactions despite the top court’s directive.

How can I buy Dogecoin – and why is the price going up?

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Dogecoin is up 22,000pc in a year
Dogecoin, the cryptocurrency started as a joke, has doubled in value in the past day to 56p per coin after another surge. It comes after plans to send it $1 (72p) for "Doge Day" last month fell flat.
The virtual coin had surged following supportive tweets from Elon Musk, Tesla chief executive, and a push by internet forum users to bid up its price, reaching a high of 32p in April after a 450pc seven-day rise. 
On Tuesday it hit 56p, a rise of 111pc in a week.
Since the turn of the year, Dogecoin is up by more than 22,000pc and the value of all the Dogecoin in circulation is now around £38bn. 

Dogecoin Values Surges as Much as 50 Percent as Crypto Mania Continues

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Dogecoin Values Surges as Much as 50 Percent as Crypto Mania Continues
A sign of Dogecoin’s rising popularity - Robinhood app is among the top 10 downloads at the Apple App Store.
By Vildana Hajric and Claire Ballentine, Bloomberg | Updated: 5 May 2021 11:37 IST
Dogecoin’s red-hot advance from around 0.002 cents a year ago captured interest of many on Wall Street
Highlights
Coinbase Global, largest US crypto exchange, doesn't offer Doge trading
Bitcoin slumped as much as 5.7 percent to $53,560 (roughly s. 39.5 lakhs)
Animal spirits are alive and well in the cryptocurrency world, with the frenzy sending Dogecoin surging as much as 50 percent again and crashing Robinhood's trading app.

Rockdale's decommissioned Alcoa power plant is now home to Bitdeer

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Rockdale's decommissioned Alcoa power plant is now home to Bitdeer
and last updated 2021-05-04 23:59:24-04
ROCKDALE, TX — Milam County is the home of some big developments in the bitcoin mining industry. The site of Rockdale's decommissioned Alcoa power plant is now the home of Bitdeer, formerly known as Bitmain.
Tuesday, numerous Milam County leaders, from school superintendents, to mayors, took a brief tour of Bitdeer’s mining facilities.
Company officials wanted to share with the community their progress in development, since the Bitdeer/Bitmain's groundbreaking at the Alcoa site in 2019.
"We’ve built three lines [of computers] so far, have two more under construction," said Clint Brown, project manager for on-site construction at Bitdeer. "And if the cryptocurrency mining market stays as it is, we have plans on building the whole site, which would be 16 lines.”

For how much longer will Bitcoin be willing to share the spotlight with Ethereum?

After a strong rally during the first quarter of 2021, a -27.5% fall in the price of Bitcoin since Mid-April that coincided with a strong rally in Ethereum, prompted traders to switch their focus from Bitcoin to Ethereum.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: JP Morgan CEO still not sold on cryptocurrencies, market scrambles to find support

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Following
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: JP Morgan CEO still not sold on cryptocurrencies, market scrambles to find supportCryptos
|
5/5/2021 9:20:49 AM GMT
Bitcoin price seems to be holding well despite Tuesday’s sudden crash.
Ethereum price has kick-started its consolidation after setting up an all-time high at $3,530.
Ripple price dipped below the demand zone’s lower boundary at $1.33 but showed signs of recovery.
Bitcoin price shows no bearish signs yet despite its rapid sell-off on Tuesday, but its move hereon will determine its direction. Ethereum, on the other hand, has an entirely different outlook and shows a rigorous tussle between the buyers and sellers, leading to sideways movement. 

Coinbase Nudges SEC to Sign Off On Bitcoin ETF

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Industry giant cites success of Canada's bitcoin ETFs, $36B in global fund AUM

New Bill Would Halt Crypto Mining In New York for Three Years

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A new bill that hit the New York state senate on Monday is aiming to put a multi-year pause on crypto mining operations across the state until authorities can fully suss out what that mining is doing to the climate and local environment.

Malaysians can soon buy and sell Bitcoin Cash via Luno (VIDEO) | Money

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Tuesday, 04 May 2021 07:43 AM MYT
BY ALEXANDER WONG
Luno is among the three approved Digital Asset Exchanges in Malaysia which are authorised to perform cryptocurrency trading. — SoyaCincau pic
Subscribe to our Telegram channel for the latest updates on news you need to know.
KUALA LUMPUR, May 4 — Luno Malaysia will soon support Bitcoin Cash (BCH) following its approval by the Securities Commission (SC) Malaysia.
BCH is Malaysia’s 5th approved cryptocurrency after Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Litecoin (LTC).
According to Luno’s teaser, users in Malaysia will soon be able to buy, trade and store BCH on its platform. However, no dates were mentioned. At the time of writing, BCH is priced at RM4,178, while BTC is priced at RM240,133.

What are central bank digital currencies and could they take on cryptocurrencies?


CBDCs are essentially electronic cash.
Like traditional cash, they would give holders a direct claim on the central bank and allow businesses and individuals to make electronic payments and transfers.
Access to central bank money beyond physical cash has so far been restricted to financial institutions like banks.
Haven't we already been using digital cash?
Using a debit or credit card, or payment app, to purchase coffees or make payments in shops is a form of digital money.
But this is created by commercial banks, based on central bank money credited electronically to their accounts.
The difference is this form of digital cash is not as "risk-free" as a CBDC.

Ethereum Hits New Record High Above $3,400, Extending Its More Than 300% Rally This Year

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Interest in cryptocurrencies has surged over the past year with bitcoin continuously pushing new record highs. A number of factors including rising institutional interest and major companies such as Tesla buying the digital coin have been credited with its rise.
But Ethereum is different. It acts more as a platform that developers can build apps on. Ethereum is the name of the network or underlying blockchain technology, while ether is the digital currency used to power the platform.
There is growing excitement about the use of Ethereum in so-called decentralized finance, or DeFi, applications. These are blockchain-based financial services, such as lending, which could in theory bypass banks and brokerages.

You must tell us about your Bitcoin, HMRC instructs taxpayers

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You must tell us about your Bitcoin, HMRC instructs taxpayers
Taxman adds cryptos to its 'statement of assets' declaration forms
HMRC's 'statement of assets' form now includes a section specifically for cryptoassets
Taxpayers under investigation by HMRC are being told explicitly to list any holdings they have in Bitcoin and other cryptocurrencies.
Although it has always been a requirement to declare all assets, a specific question about crypto holdings has been added to HMRC's "statement of assets" form for the first time. Taxpayers are also asked specifically about other less common ways to hold money such as "community and informal banking accounts" and foreign exchange accounts.

Why Is Dogecoin Going Up? eToro Listing Is Followed by Crypto Hitting New High

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Why Is Dogecoin Going Up? eToro Listing Is Followed by Crypto Hitting New High
On 5/4/21 at 4:41 AM EDT
Dogecoin has risen to just over $0.47 over the past 24 hours, on the back of news the cryptocurrency has been added to the eToro trading platform.
The platform announced the news on Monday, stating the popular token had been added due to user demand. An eToro press release read: "You barked and we heard you!"
Dogecoin is currently up almost 24 percent over the past 24 hours to $0.47, down a little from its record high earlier. The token is up around 60 percent over the past week.

Gates Divorce, Ethereum and Pfizer: 5 Things You Must Know

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A bevy of solid earnings reports also has lifted investors' optimism.
According to FactSet, more than 60% of the companies in the S&P 500 have posted results, with the blended S&P 500 earnings growth rate in the first quarter at 45.8%, up from 24.5% at the start of earnings season and the 15.8% expected at the start of the quarter. About 86% of companies have surpassed analysts' expectations, a record high.
Federal Reserve Chairman Jerome Powell said Monday the economic outlook in the U.S. has “clearly brightened” but the recovery has been uneven. The Fed chief said the "economic downturn has not fallen evenly on all Americans and those least able to bear the burden have been the hardest hit.”

Cryptocurrency Ether hits all-time high | Business| Economy and finance news from a German perspective | DW

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Cryptocurrencies — worth the ride?
A contender for the crown
"At first, the rally was really led by Bitcoin because as a lot of the institutional investors came into the space, that would be their natural first port of call," James Quinn, managing director at Q9 Capital, a Hong Kong cryptocurrency private wealth manager, told Reuters.
"But as the rally has matured over the last six months, you have DeFi and a lot of DeFi is built on ethereum."
DeFi, short for Decentralized Finance, is a form of finance that relies on decentralized blockchain technology, as opposed to central financial intermediaries like banks. The technology uses "smart contracts," which runs on the Ethereum blockchain. Ethereum can link the transactions to certain conditions, the so-called smart contracts. This technology has become the foundation for another blossoming digital asset — nonfungible tokens (NFTs).

Bitcoin Association releases 2020 annual report highlighting work and achievements advancing Bitcoin SV

ZUG, Switzerland, May 4, 2021 /PRNewswire/ -- Bitcoin Association, the Switzerland-based global industry organisation that works to advance business with the Bitcoin SV blockchain and BSV digital

Nasdaq Sinks as Investors Rotate Out of Tech and Growth

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Stocks fall with shares of tech giants remaining under pressure as investors rotate into higher-yielding value stocks.

Sotheby's To Accept Bitcoin and Ethereum

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Sotheby's To Accept Bitcoin and Ethereum
In a new partnership with Coinbase, Sotheby's will now be able to accept Bitcoin and Ethereum during auctions.
Author:
May 4, 2021
In a new partnership with Coinbase, Sotheby's will now be able to accept Bitcoin and Ethereum during auctions.
During an interview with CNBC's Squawk Box, Sotheby's CEO, Charles F. Stewart announced that the auction house will begin accepting Bitcoin and Ethereum after a partnership with Coinbase (COIN). 
"We are really excited to make this happen. It's something we have been thinking about for quite some time," said Stewart. 
Stewart said that it will be up to the artists what form of currency they would like to accept. 

Watch Out - Hackers are Targeting Money Apps That You Use. Details Here. | KIIZ-FM

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By @HeyNatalia on IG
ECONOMY-MARKETS-CURRENCY-BITCOIN
Do you use money sharing apps like Venmo, CashApp, or Zelle? Beware of hackers, experts say.
Digital thieves have been finding ways to hack into money sharing apps like these, sometimes swiping thousands of dollars from unsuspecting customers.
So how can you protect your money? Experts recommend creating a separate bank account for the apps, with only enough money for your digital transactions.  
And make sure you know which apps you're using - some bank customers say they were signed up for Zelle without their knowledge.
 

Stephen Bear brags he can make fans rich as he films videos in childhood bedroom


Stephen Bear brags he can make fans rich as he films videos in childhood bedroom
Stephen Bear's life has crumbled as he's now back living at his parents' house making videos about Bitcoin in his childhood bedroom, decked out in the trappings of wealth
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Ripple Appoints a Former U.S. Treasurer to Its Board Amid Legal Fight With the SEC

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"I've dedicated my career to financial inclusion and empowerment, which requires bringing new and innovative solutions to staid processes," Rios said in a statement.
"Ripple is one of the best examples of how to use cryptocurrency in a substantive and legitimate role to facilitate payments globally."
San Francisco-based Ripple uses blockchain technology to send money across borders for banks and other financial institutions, touting its platform as a more efficient alternative to the interbank messaging network SWIFT. But it also uses XRP, a digital asset it says can act as a "bridge currency" for converting one currency to another in a matter of seconds.

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