Gifts and Remittances: Bitcoin.com's New Tools Allow People to Send BCH via Email

This month Bitcoin.com launched two services that help facilitate bitcoin cash adoption and crypto remittance via email. In a recent video on June 5, Bitcoin.coms Roger Ver showcased gifts.bitcoin.com, a new feature that allows individuals to send BCH gift cards ... read more.

Bitcoin Investors Pocketed 42% in Gains During the Second Quarter of 2020

The second quarter of 2020 was very profitable for bitcoin investors, according to data analytics firm Skew. During the period, the top cryptocurrency climbed 42%, its fourth-best quarterly close since 2014. For the March quarter, the digital asset fell 10.6%, ... read more.

Tether's Market Valuation Grows 144% in 2020, USDT Market Cap Worth $10 Billion

The most popular stablecoin, Tether, has propelled its way into the third-largest position by cryptocurrency market capitalization. At the time of publication, a number of market valuation aggregators show that Tethers market cap is between $9.1 to $10.1 billion. Tether ... read more.

Alt-Right Activist Stefan Molyneux Banned from Youtube, Raises $100K in Crypto Donations

The founder of Freedomain, philosopher and alt-right activist, Stefan Molyneux, received more than $100,000 in cryptocurrency donations after he was banned from Youtube on June 29, 2020. Stefan Molyneux is well known for his Youtube videos, podcasts, and books. His ... read more.

A 'Significant Increase': UK Regulator Says 2.6 Million Residents Have Bought Cryptocurrencies

The UK's top financial regulator has conducted a survey and found a "significant increase" in the number of crypto owners and awareness of cryptocurrencies. The regulator estimates that 2.6 million people in the country have bought cryptocurrencies, most of which ... read more.

Russian Court: Bitcoin Theft Not a Crime

A Russian district court has dismissed bitcoin theft as a crime since cryptocurrency is not regulated in Russia and there is no legal status for bitcoin. The accused were found guilty, sentenced to prison, and ordered to return only the ... read more.

UK Court Denies Maduro Access to $1 Billion of Venezuela's Gold

The UK is denying Nicolas Maduro access to Venezuela's gold worth about $1 billion, stored at the Bank of England. The UK High Court has ruled that the country does not recognize Maduro as president of Venezuela, blocking him from ... read more.

Despite Covid-19 Negativity, Crypto Prediction Markets Say Trump Wins the 2020 Election

According to a number of crypto prediction markets and futures, Trump will still win the election in 123 days, but his chances have lessened a great deal. No matter who wins, however, the large sums of money flowing into these ... read more.

Crypto Use-Cases in Africa on the Rise, According to Luno

Twitter and Square CEO, Jack Dorsey recently said Africa will define the future (especially the Bitcoin one!) But was he right? Crypto in Africa on the Rise Sad to be leaving the continentfor now. Africa will define the future (especially ... read more.

The IRS Investigation Division Is Requesting Information About Privacy-Centric Cryptocurrencies

The United States tax agency has published a request for information pertaining to privacy-centric cryptocurrencies and technologies that obfuscate crypto transactions. The IRS-CI Cyber Crimes Unit request is also asking for information in relation to layer two offchain protocol networks, ... read more.

Personal Data of 250,000 People From 20 Countries Leaked by Bitcoin Scam

A global bitcoin scam has reportedly leaked personal data of about 250,000 people from more than 20 countries. The majority of the compromised data were of people in the U.K., Australia, South Africa, and the U.S. This bitcoin scam operates ... read more.

Over 2,500 Austrian Merchants Can Now Accept Cryptocurrency Payments

More than 2,500 merchants in Austria can accept three types of cryptocurrencies via the payment processor Salamantex. The company explained that the system was tested with a number of select A1 5Gi network shops. Since the Covid-19 outbreak, contactless payments ... read more.

A New Price Valuation Model Says $10,670 Fair Value For Bitcoin

Seba, a Switzerland based bank, is proposing a Bitcoin valuation model that places its fair value at $10,670. At this price, the model suggests Bitcoin is trading at a significant discount, at just above $9,100. In a blog posting this ... read more.

Bitcoin Entrepreneur Brock Pierce Joins the 2020 US Presidential Election

Blockchain entrepreneur and former Disney child actor, Brock Pierce, is running for President of the United States this election. Pierce announced he was running during Americas Independence Day celebration on July 4, the same day Kanye West revealed his candidacy. ... read more.

700,000 Expedia Hotels Can Now Be Paid With Cryptocurrencies via Travala

More than 700,000 Expedia Group hotels and accommodations are now available via crypto-friendly travel booking platform Travala. Bookings can be paid with more than 30 cryptocurrencies, including bitcoin. Despite covid-19, Travala saw a 170% increase in booking revenue from its ... read more.

The Tokenized Metaverse: Non-Fungible Token Sales to Surpass $100 Million

On July 1, 2020, the partner of Polynexus Capital, Andrew Steinwold, detailed that the sales of blockchain-powered non-fungible tokens (NFTs) are about to cross the $100 million mark. The popularity of NFTs has grown massive since 2017, as blockchain cards, ... read more.

Bitcoin Volatility Hits Three-Year Low, Sparking Fears of Massive Sell-Off

The cryptocurrency data analytics and research company, Skew has warned that bitcoin could see a massive sell-off due to declining volatility. The data analytics firm says that bitcoin (BTC) realized volatility hit 20% over the past 10 days - it's ... read more.

European Blockchain Ecosystem Needs 350 Million for the Next 18 Months

A study report by Leadblock Partners, an appointed representative of Sapia Partners LLP, finds an accelerating growth of the European blockchain ecosystem.The findings of the Leadblock Partners study suggest European respondents have a funding need for 350 million for the ... read more.

Crypto Derivatives Volumes Crash 36% to $393 Billion in June, a Low for 2020

Crypto derivatives trading volumes plunged 36% to $393 billion in June, the lowest they have reached in 2020, according to a new report by Cryptocompare. The decline may be the result of a lull in investor interest in the instruments ... read more.

South African Investors to Lose $13 Million as Bitcoin Scammer Declared Bankrupt

A South African high court has declared an alleged bitcoin scam mastermind, Willie Breedt, bankrupt. The court decision follows an application by one disgruntled investor, Simon Dix, a News24 report states. Willie Breedt is the CEO of the defunct Vaultage ... read more.

Encryption Crackdown: Private Phone Network With 60,000 Users Dismantled by Law Enforcement

An international law enforcement team has brought down an encrypted phone network with 60,000 users worldwide. The platform was one of the largest providers of encrypted communications, widely used by organized crime groups. UK's National Crime Agency (NCA), Europol, Eurojust, ... read more.

Bitcoin.com Wallet Launches New Portfolio Breakdown and Stablecoin Swap Features

With over 11 Million Bitcoin.com Wallets created, were building new features our users need most in order to enjoy the best possible cryptocurrency experience. Our wallets latest features now provide seamless swaps between bitcoin (BTC), bitcoin cash (BCH), and the ... read more.

Tiktok Ban: US May Join India in Banning Chinese Social Media Apps

The Trump administration is looking at banning Tiktok and other Chinese social media apps, according to Secretary of State Mike Pompeo. India has already banned Tiktok in its country, along with 58 other mobile apps. Recently, a Tiktok video about ... read more.

Escalating Bank Runs Spur Chinese Government to Require Approval for Large Cash Transactions

A series of bank runs has prompted the Chinese government to begin requiring approval for large cash deposits and withdrawals at commercial banks, starting with banks in a northern province. Recently, two bank runs happened within a week as people ... read more.

The Popular Stablecoin Tether Is Now Circulating on the Bitcoin Cash Network

The most popular stablecoin tether (USDT) has officially been minted on the Bitcoin Cash blockchain via the Simple Ledger Protocol (SLP). At press time theres only 1,010 SLP-based USDT in circulation, as the firm Tether Limited seems to be issuing ... read more.

Bitcoin Price Poised for 'Imminent' Breakout As Network Hashrate Hits Record Highs

The price of bitcoin could see an 'imminent' breakout, according to the latest Glassnode data. The data firm says bitcoin (BTC) has been flashing bullish for the past six weeks amid positive onchain activity. Meanwhile, the BTC network hashrate has ... read more.

Renters Threaten US Real Estate Market, 20 Million Americans Face Eviction

The aftermath of the coronavirus-provoked business shutdowns in the United States caused a number of market observers to focus on the U.S. real estate and rental markets. As the federal moratorium on evictions reaches its expiry, a recent Aspen Institute ... read more.

Crypto Facilities Gets FCA Nod to Set up Crypto Futures Venue

Crypto Facilities, a subsidiary of Kraken cryptocurrency exchange, has obtained a Multilateral Trading Facility (MTF) license from the UKs Financial Conduct Authority (FCA).An MTF is a European regulatory term for a self-regulated financial trading venue. MTFs are an alternative to ... read more.

Major Indian Company TCS Launches Cryptocurrency Trading Solution for Banks' Customers

Leading Indian IT company, Tata Consultancy Services (TCS), is launching a cryptocurrency trading solution for banks to allow their customers to invest in cryptocurrencies. TCS is part of the Tata group, India's largest multinational business group, and is listed on ... read more.

Market Update: Crypto Assets Slowly Gather Gains, Bitcoin Needs Capital Inflow, ADA Jumps 85%

Cryptocurrency market prices have improved a great deal since our last market update, as the overall market capitalization of all 5,700+ coins has gained $16 billion since June 14. Most of the top digital assets have remained in a consolidated ... read more.

About 90% of Bitcoin Investors Worried About Fate of Their Assets After Death: Study

Nearly 90% of cryptocurrency investors worry about what will happen to their assets after they die, but few plan appropriately. Younger investors are particularly culpable, barely thinking beyond their own lives. According to a new study by the Cremation Institute, ... read more.

Permissionless Software Foundation Aims to Foster Open-Source Software With Bitcoin Cash

Just recently, Bitcoin Cash proponents were introduced to a new foundation called the Permissionless Software Foundation aimed at spreading Bitcoin Cash and SLP token technology. This week an organization called the Permissionless Software Foundation (PSF) revealed an announcement to the ... read more.

John McAfee Launches Ghost Phone Service to Supplement His Cryptocurrency

Two-time U.S. presidential candidate John McAfee has launched a privacy-centric cell phone data service. McAfee said that his Ghost cell phone data service offers 4G data without using a physical SIM card, is compatible with most major phones, and works ... read more.

'Bitcoin Is Not a Privacy Coin' Says Crypto Evangelist Andreas Antonopoulos

Andreas Antonopoulos discussed how he desired to see Bitcoin have more privacy features in a recent live stream Q&A session published on Youtube on July 7. Antonopoulos discussed the privacy-centric coin monero and concepts like stealth addresses and ring signatures. ... read more.

Jeffrey Epstein Confidant Ghislaine Maxwell's Last Reddit Post Was About Bitcoin

The cryptocurrency community has been discussing the infamous Ghislaine Maxwell, the associate of the financier and convicted sex offender Jeffrey Epstein. Maxwell was recently arrested and many speculators think she may see the same fate as Epstein before she talks. ... read more.

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ModiHost's Token Is Live on HitBTC, the Leading European Bitcoin Exchange | Press release - Bitcoin News

Just recently, Bitcoin Cash proponents were introduced to a new foundation called the Permissionless Software Foundation aimed at spreading Bitcoin Cash and SLP token technology.

This week an organization called the Permissionless Software Foundation (PSF) revealed an announcement to the BCH community. The groups mission aims to foster the growth of open-source software and growing adoption of Bitcoin Cash across the globe.

Moreover, the PSF plans to bolster Simple Ledger Protocol innovation. Crypto fans can read about the PSF on the organizations new web portal called psfoundation.cash. The organizations business model states:

The Foundation is a community-oriented, highly automated, and legally-nonexistent decentralized autonomous organization whose purpose is to foster the growth of open-source software and the adoption of Bitcoin Cash across the globe. The PSF will offer a Simple Ledger Protocol (SLP) token on the Bitcoin Cash (BCH) network to self-fund the development of open-source software, and reward contributors that help the organization grow.

According to the press release, PSF and the web portal fullstack.cash will offer consulting services going forward.

More and more businesses are looking into the great opportunities of integrating Bitcoin Cash and SLP tokens into their operations, explains the announcement. Finding the right information and the best people can be a daunting task but this service is already proving helpful for those businesses wanting to step into the world of Bitcoin Cash.

The Bitcoin Cash (BCH) proponent and host of the developers monthly video series, David R. Allen, joined the PSF as the Business Development Manager. [Allen] has agreed to assist and support the Permissionless Software Foundation and to be a primary contact for businesses as the community grows out of its infancy. His experience and contributions are a welcome addition to the foundation, the PSF announcement details.

PSF also aims to offer white-label BCH and SLP wallets as well, according to the press release details. At the time of publication, the work is being executed in order to provide the community with a fully functional white-label web wallet.

With this wallet, businesses will be able to release reliable web wallets with organisation-specific branding, the announcement notes. This will lower the barrier to entry for businesses even further. An early prototype of the wallet can be seen at wallet.fullstack.cash.

The software developer Chris Troutner is also involved with the PSF, and nine days ago he created a post about the subject on the Reddit forum r/btc. Troutner and the PSF have also released an introductory video which can be viewed on Youtube.

BCH supporters seemed to like the project, according to a number of comments within the Reddit post. Super interesting [and] very exciting, one person wrote.

What do you think about the Permissionless Software Foundation (PSF) for Bitcoin Cash? Let us know what you think about this subject in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, psfoundation.cash

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Permissionless Software Foundation Aims to Foster Open-Source Software With Bitcoin Cash - Bitcoin News

Investors seeking to build a retirement nest egg to overcome a low State Pension may naturally seek assets other than the FTSE 100 after its recent market crash. The index has rebounded, but still trades significantly below its 2020 starting price.

However, the stock market could offer strong recovery potential over the coming years. Therefore, it may prove to be a superior means of building a retirement nest egg compared to buying Bitcoin or holding your capital in a Cash ISA.

The FTSE 100s track record shows that it has been an effective means of obtaining a retirement fund that can provide a passive income in older age. The index has gained around 8% per annum including dividends since its inception in 1984. Therefore, investing even modest amounts in a diverse range of large-cap shares has been a highly profitable strategy for anyone who has a long time horizon.

With the State Pension age set to rise and its payments currently amounting to around a third of the UKs average annual salary, large-cap shares offer the chance to reduce your reliance on the State Pension. Although in the short run events such as a market crash can cause the index to fall, it has always recovered from its various downturns over the years to post new record highs.

Other assets such as Bitcoin and Cash ISAs may hold greater appeal at the present time due to the FTSE 100 market crash. However, they may fail to provide a reliable means of generating a nest egg from which to draw an income in retirement.

Cash ISAs face what could be a considerable period of time with low returns. Interest rates could stay at low levels for many years due to the economic challenges faced following the coronavirus pandemic. This may even mean that Cash ISAs produce a negative return when inflation is factored-in. This could lower your spending power and make it more difficult to obtain a retirement portfolio that reduces your reliance on the State Pension when compared to buying FTSE 100 shares.

By contrast, Bitcoin has the capacity to make strong gains. Its price doubled following a decline in the earlier part of the year. However, its risks are also relatively high. Challenges such as regulatory concerns, competition from other virtual currencies and its lack of fundamentals could derail Bitcoins progress in the coming years. This may mean that it fails to produce a reliable return as per the 36-year track record of the FTSE 100.

Clearly, buying FTSE 100 shares today may not seem to be an attractive prospect due to the indexs recent decline. However, it is likely to recover, while its past performance suggests that it is set to remain an effective means of obtaining a passive income in retirement that reduces your dependence on the State Pension.

The post Forget Bitcoin and Cash ISAs! Id buy cheap FTSE 100 shares now to beat the State Pension appeared first on The Motley Fool UK.

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Peter Stephens has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

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Forget Bitcoin and Cash ISAs! I'd buy cheap FTSE 100 shares now to beat the State Pension - Yahoo Finance UK

Nearly $60 million worth of bitcoins moved to Ethereum during June, according to data estimates from Dune Analytics. Wrapped Bitcoin, the oldest tokenized bitcoin protocol on Ethereum, is responsible for roughly 75% of that growth after moving more than 4,800 BTC to Ethereum last month.

Demand has increased for using bitcoin in a variety of decentralized financial services as Ethereum continues to be the most popular off-chain destination for bitcoins. More specifically, yield farming and MakerDAO adding tokenized bitcoin as collateral are likely strong catalysts, said Medio Demarco, former associate at Deutsche Bank and co-founder of cryptocurrency research firm Delphi Digital.

The recent trend shouldnt come as a surprise and will probably continue, Demarco told CoinDesk.

The increasing popularity of tokenized bitcoin is also no surprise to Ben Chan, CTO at BitGo, the cryptocurrency payments processor that spearheaded Wrapped Bitcoin. The purpose of WBTC is to bring bitcoin to the world of decentralized finance, Chan said. Yield opportunities for lending and supplying WBTC in Ethereum-based applications are driving recent growth, he added.

Currently $132 million worth of bitcoin is on Ethereum, at the time of publication, or roughly 0.08% of the leading cryptocurrencys market capitalization, according to OnChainFX.

Is the growing demand to use bitcoin on Ethereum a positive signal for the leading cryptocurrency? According to Demarco, the trend has a synergistic effect for both blockchains.

Chan agreed, telling CoinDesk that, for Ethereum, growth in the value of assets on decentralized finance applications is a step towards the maturation of trustless and transparent financial services. For Bitcoin, the benefit comes from being able to earn yield and collateralize bitcoin, which adds incentive for users to invest in the cryptocurrency, according to Chan.

Using bitcoin on Ethereum is potentially bullish for both networks, Chan said.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Nearly $60M in Bitcoin Moved to Ethereum in June - CoinDesk - CoinDesk