Peach Aviation, a low-cost airline in Japan, has confirmed that their plan to allow Bitcoin (BTC) as payment is only delayed, not cancelled. Peach Aviation had initially announced in May 2017 that customers would be able to use Bitcoin as a payment method by the end of the year. However, in December 2017, the plan was postponed until March 2018. The airline had partnered with crypto exchange BITpoint Japan for the new BTC payment system as well as for plans Read more …
Consumers should be wary of cryptocurrency retirement accounts claiming to be approved by the Internal Revenue Service, the Commodity Futures Trading Commission (CFTC) has warned. In a new circular dated Feb. 2, the CFTC is calling for people to “be cautious” about such pitches, especially those claiming that the U.S. tax authority had in some way reviewed or endorsed the product. The IRS, the CFTC noted, “does not approve or review investments for IRAs.” The agency went on to write: “Taxpayers Read more …
Singapore Airlines plans to use blockchain technology to give its frequent flyers a new way to spend their accumulated miles, the company announced on Monday. According to the airline, the blockchain-based wallet, which will be launched in six months, will enable members of the KrisFlyer program to spend their air miles at retail partners for point-of-sale transactions. The company said the initiative comes about after a successful proof-of-concept trial in partnership with KPMG Digital Village and Microsoft. It is currently Read more …
Regulation We know you heard this one before, but China wants to ban bitcoin…again. Only this time the government plans to use one of its most far reaching tools, the Great Firewall of China, to completely prevent anyone in the country from reaching foreign exchange sites. Unless they have the technical capability to bypass it, of course. Also Read: UNICEF Asks Gamers to Mine Cryptocurrency for Syrian Children Closing the Gaps in the Great Firewall of China Read more …
Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Potential Seele ICO investors were recently scammed out of nearly $2 million by impersonators posing as admins, who used the company’s Telegram channel to get them to send their money over before the token sale began. Seele, a blockchain project that describes itself as “blockchain 4.0,” with potential applications in IoT, game assets, fintech, and others, has a technical blurb on its homepage that claims Seele is Read more …
Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. It’s another day in the red for the cryptocurrency markets, as 97 of the top 100 cryptocurrencies have posted 24-hour declines against the US dollar. The Bitcoin price headlined the retreat by declining to an 80-day low, and other top coins fared equally as poorly. Altogether, the cryptocurrency market cap declined by $52 billion to $363 billion, representing a single-day pullback of nearly 13 percent. Source: CoinMarketCap Read more …
There have been a number of times in Bitcoin’s history where people have thought that mainstream adoption had happened. However, the lead up to last December’s $20,000 high saw Bitcoin hit some really big adoption milestones. Through the memes and reports on mainstream news, Bitcoin was the word on everyone’s lips, and it was even near the summit of Google searches. This saw a new breed of investor entering the crypto community, but a dangerous one. Moneymakers The hype surrounding Read more …
The Italian government is seeking feedback on proposed cryptocurrency regulations intended to clarify the technology’s use within the country. A summary of the proposed rules explains how service providers that accept cryptocurrencies would have to report their business and earnings to the Ministry of Economics and Finance, as well as what the government will do with that information. The full decree also clarifies that, while cryptocurrencies are “used as a means of exchange for the purchase of goods and services, Read more …
UNICEF (United Nations International Children’s Emergency Fund) has started a new kind of charity drive for Syrian children, asking PC gamers to use their computers to mine Ethereum and donate their earnings. The two-month long charity campaign that began Feb. 2, dubbed Game Chaingers, is aimed at gamers that use high level graphics cards capable of cryptocurrency mining, turning the cards into “humanitarian tool[s]:” “Today, humanitarian collections often solicit the same people with the same methods, but cryptocurrencies and their Read more …
Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. On my last article, I mentioned the epic bloodbath currently going on among cryptocurrency markets. No coin is currently safe. I don’t think there has been such an aggressive pull-back since 2013. https://coinmarketcap.com/currencies/bitcoin Looks familiar right? People are complaining about the negativity and the recent fud, although some analysis shows the ties may be turning. Nevertheless, all these “problems” about regulation are irrelevant. I only care about Read more …
Lloyds Banking Group, the largest bank in the UK, has become the first major credit card provider in the country to ban its customers from using credit cards to buy cryptocurrencies, the Daily Telegraph reported today, Feb. 5. Their ban follows directly on the heels of J.P. Morgan Chase, Bank of America, and Citigroup’s identical decision yesterday to ban credit cards purchases of cryptocurrencies for their customers. Lloyds, which contain Halifax, Bank of Scotland, and MBNA, will block its 9 Read more …
Singapore Airlines will release a “groundbreaking” Blockchain-based app for frequent flyers by August 2018. In a press release issued Monday, Feb. 5, the airline announced a Blockchain-based app for its KrisFlyer program had passed a “successful proof-of-concept exercise” with Microsoft and KPMG Digital Village. Now looking to sign up Singapore-based merchants, customers participating in the program will ultimately be able to spend frequent flyer miles at point-of-sale in exchange for goods and services. “This groundbreaking development in which we will Read more …