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The FATF released meeting notes hinting at an upcoming report on recommendations for business compliance with the Travel Rule and “unhosted wallets.”
The below is a direct excerpt of Marty’s Bent Issue #1229: “A new FATF report drops at the end of the month.” Sign up for the newsletter here.
One of the primary arguments in favor of bitcoin is that it is a “store of value.” It makes sense on the surface, but when one digs into the meat of this claim, it comes up with less beef than a Beyond Meat burger. Evaluating Bitcoin as an Investment Commodity The category of “investment commodity” […]
The post Your Old Baseball Cards Are a Better Store of Value Than Bitcoin appeared first on CCN Markets
If you’re new to the crypto scene you might have heard about people moving their assets into cold storage or cold wallets but were unsure exactly what this entails. Simply put, it means storing your crypto offline to reduce access to hackers. Here’s how you can easily freeze your coins for safekeeping.
Also Read: How to Find a Bitcoin Cash Meetup Near You
There’s been furious debate over the last few years on whether or not Satoshi created Bitcoin to be a peer-to-peer cash system or a purpose-built store of value. Lately, a few BTC proponents claim that Satoshi deliberately built Bitcoin to be a store of value (SoV). Despite the SoV narrative, the cofounder of OB1, Samuel Patt, wrote an in-depth research report uncovering nearly “everything Satoshi ever wrote,” which makes him firmly believe Satoshi’s invention was really “built for payments.”
Also read: Bitcoin.com’s Local Bitcoin Cash Marketplace Is Now Open for Trading
Over the last few years, many have claimed that bitcoin core (BTC) has turned into, or will soon become, a store of value (SoV). Proponents of the BTC-based SoV theory seem to think that money can somehow store value and if it’s held long enough, the price will be higher or predictably useful when spent at a later date. This is an economic fallacy however because money cannot store value and, as innovative as bitcoin is, it will never be immune to market influences.
Also Read: Memo Is a Decentralized Social Network Built on Bitcoin Cash
Cryptocurrency gives companies another payment option to offer their customers that yields a host of benefits. In the case of bitcoin cash, crypto payments are an easy, fast and cheap option, thanks to ultra-low onchain fees. BCH Merchant is a Point of Sale app that allows businesses to accept bitcoin cash.
Also read: Crypto-Friendly Banking Platform Cashaa Offers Personal and Business Accounts
BCH Merchant is a free mobile application developed by Bitcoin.com which is available in the Google Play store. With the simple to use POS software, merchants can accept bitcoin cash payments at any retail location.
Brendan Blumer, the CEO and co-founder of Block.One, the company behind EOS (EOS), believes that Bitcoin (BTC) is set to replace gold as the standard store of value over the next two decades, according to a recent tweet. Over the next two decades, #Bitcoin will replace #gold as the leading commodity to store value — […]
SludgeFeed
There are two primary reasons why storing your private crypto keys in the cloud is a bad idea. First, your cloud provider represents a centralized honeypot that could experience a security breach, allowing cyber criminals to access your data. For example, in August 2018, a fourth man was jailed in the U.S. for hacking into private Apple iCloud accounts and leaking nude photos of Jennifer Lawrence, Kirsten Dunst, Mary Elizabeth Winstead and others. So it does happen. And it will probably happen again in the future.
Razer, a Singapore-based gaming hardware maker, has announced that it will be closing down the Razer Game Store on February 28. According to the announcement, the move was part of a realignment in company plans, likely due to ever-increasing competition in the digital distribution space. “It has been a privilege for us to recommend and […]
SludgeFeed
Eight apps have been removed from Microsoft’s app store after Symantec found they could illicitly mine cryptocurrency.
CoinDesk
Controversy has swirled around Metro Exodus, an upcoming FPS game developed by 4A Games and published by Deep Silver, after it was first announced that it would be released exclusively on the Epic Games Store. Calls for boycotting the upcoming title by gamers have been spreading across social media, which ultimately prompted a member of the 4A Games […]
SludgeFeed
By CCN.com: Mark Zuckerberg, the CEO of social media monopoly Facebook, claims his company does not sell private user data. The 34-year-old billionaire issued the denial amid volcanic backlash over longstanding claims suggesting otherwise. “We don’t sell people’s data, even though it’s often reported that we do,” Zuckerberg wrote in a lengthy Wall Street Journal op-ed. In
The post Mark Zuckerberg Defends Facebook: We Don’t Sell User Data, But Store Tons of Private Info appeared first on CCN
The battle for digital game distribution dominance is now in full swing, as new entrants including Discord and Epic Games look to take users from Steam. On Wednesday, the Epic Games store scored its biggest win to date, landing Tom Clancy’s The Division 2. .@Ubisoft to release Tom Clancy’s #TheDivision2 on Epic Games store. Details here – https://t.co/SQeUQR7btR […]
SludgeFeed
Last week, we first reported that Epic Games’ official Fortnite merchandise store, Retail Row, was exclusively accepting Monero (XMR) as a payment option through GloBee, a global cryptocurrency payment provider which enables merchants to accept cryptocurrencies without risk. While we found the inclusion of a cryptocurrency payment option and the exclusivity of Monero intriguing, we noted that no […]
SludgeFeed
Fortnite fans can now buy merchandise for the blockbuster online video game using the cryptocurrency Monero (XMR). Bitcoin payments are not yet accepted, reportedly due to privacy concerns. While Fortnite did not make an official announcement, fans shared the news on Reddit on January 1, where it received a very positive reception. Monero enthusiasts said the move
The post Fortnite Store Accepts Crypto – But Only Monero appeared first on CCN
Last month, Epic Games quietly launched a dedicated merchandise store for its hit battle royale title, Fortnite. Called Fortnite Retail Row, the online retail store offers t-shirts and other merchandise that mostly contain popular memes from the past and current Fortnite seasons. Retail Row currently accepts a number of payment options, including major credit cards, PayPal and […]
SludgeFeed
Venture capitalist Lou Kerner says bitcoin is well on its way to replacing gold as the dominant store of value, noting that its market cap has already surpassed that of silver. “What [bitcoin] has evolved into is a store of value,” Kerner told Bloomberg. “Today, the main store of value is gold. It’s an $ 8 trillion
The post Bitcoin on Track to Replace Gold as Dominant Store of Value: Crypto VC appeared first on CCN
According to a new paper published in a peer-reviewed scientific journal, researchers in China have made a groundbreaking discovery that could profoundly impact the face of the precious metals landscape — and provide bitcoin with an opportunity to shine. Scientists Turn Copper into Substance ‘Almost Identical’ to Gold Per SCMP, a team of scientists at
The post Scientists Turn Copper into ‘Gold’ — Will Bitcoin Replace as Store of Value? appeared first on CCN
Co-founded by veteran game developer Brian Fargo, Robot Cache will purportedly be the first blockchain-based digital marketplace for video games. Brian Fargo Launches Blockchain-Based Steam Competitor The PC games platform is set to launch sometime in 2019 but has already signed up 22 publishers and 700 games for its blockchain-based competitor to Steam. Robot Cache
The post ‘Wasteland’ Director’s New Blockchain Gaming Store Signs up 22 Publishers appeared first on CCN
Square’s Cash App has achieved a key milestone on the road to mainstreaming bitcoin usage by becoming the most popular app in the finance category on the U.S. Google Play Store ahead of PayPal. The app, which has spent much of the past year gaining tremendous amounts of ground within the millennial market segment is
The post Bitcoin-Friendly Cash App Tops PayPal in Google Play Store appeared first on CCN
