Bluewallet has unveiled its newly developed app which now allows users to receive bitcoin lightning payments by simple QR scan. Nuno Coelho, user experience engineer said, “We were not happy with the current status of the wallet market, in particular, the wallet we were using at the time. So we decided to team up on this effort and build the solution we wanted to have.”
Bitcoin has steadily emerged in a better position gaining more than 130% since the start of 2019, thanks to trade war between two large economies, USA & China. The traditional safe haven for investment US bond market has hit China starting to sell off US Treasuries due to trade war, the precious metal also facing volatility. Investors worried about deglobalization from the trader war have turned instead to cryptocurrencies.
Abra (a mobile cryptocurrency wallet) has announced that it has enabled to user in 150 countries to make fractional investments in stocks and exchange-traded funds (ETFs) using bitcoin. Bill Barhydt, CEO and founder of Abra said, “…investing regular amounts over long periods of time in traditional equities markets has proven to be an effective investment strategy, and now we’ve made that really easy and accessible to billions of people,
Dadiani Syndicate (a P2P digital currency platform and investment firm) has reportedly been approached by a wealthy client to buy as close to 25% of the bitcoin (BTC) supply as possible. Eleesa Dadiani, CEO of Dadiani Syndicate said, “One of our clients approached us and said they were interested in acquiring 25% of all bitcoin currently available. There are a number of entities who want to dominate the market.”
The state authorities of China Sichuan province is investigating local bitcoin (BTC) mining farms located at the Sichuan, bitcoin global mining capital that have been allegedly been built illegally. The bitcoin mining farms with over 30,000 bitcoin mining machines have been reportedly constructed without official approval from the local government, and further examination are on progress.
Although price data on Bitcoin illustrates the public interest in overall demand for this cryptocurrency, it is a poor indicator of how often it is being exchanged for goods. United States think tank the Congressional Research Service (CRS) in its report suggests that Bitcoin (BTC) and cryptocurrencies are used as a speculative investment tool and not money. If further states: “…show that digital currencies are not being widely used and accepted as payment for goods and services,”
Jehan Chu predicts bitcoin will continue its bullish direction along with the rest of the crypto market in 2019 and reach $30,000 by the end of 2019. He gave 3 main factors: mass adoption by global giants (Facebook, JPMorgan, & Rakuten); crypto industry becoming a better tech story; and Bitcoin halving, a process of dividing the number of generated rewards per block in order to maintain the total supply of bitcoin.
Bitwise (a crypto investment manager based in USA) released a paper claiming that fake trading volumes by crypto exchanges do not impact bitcoin (BTC) price. In the white paper, Bitwise reiterated its March release, that almost 95% of reported trading volumes in bitcoin by exchanges are fake or non-economic in nature. The new white paper focuses on the launch of regulated bitcoin futures, the entry of large algorithmic market makers and bitcoin custody improvements, dramatically improve the efficiency of BTC markets.
CoinBits works by rounding up your credit or debit card transactions into micro Bitcoin purchases which will add up over time. Customers are now able to easily purchase small pieces of Bitcoin as part of a round-up process as you make purchases on your linked bank account using debit or credit card. To attract initially they are offering $5 in Bitcoin for free for trying giving their app a try.
The son of the newly-elected president of South Africa, Tumelo Ramaphosa, is a known blockchain & crypto advocate in Africa. He hopes that, through education, South Africa and the rest of the continent can build a bridge to the thriving blockchain industry in the United States and elsewhere. Organizing the Unlocking Blockchain Africa Conference in Johannesburg in August 2018, the young advocate is bullish on cryptocurrency and its potential to provide banking to the multitude of the continent.