Cryptocurrencies took a major step towards mainstream adoption yesterday as payments giant PayPal revealed that it will soon allow U.S. customers the opportunity to buy, sell, and shop with crypto on its platform. Here are five things we learnt from the announcement.
Bitcoin has managed to break into the mainstream on a number of different levels, including through various different retail environments. One key retailer that has always been missing in the Bitcoin argument is Amazon, but the world’s biggest online store could soon enter the fray. Rumor and speculation have been circulating that Amazon could soon be making a foray in the crypto sphere.
Read the full article at FullyCrypto: https://fullycrypto.com/could-amazon-soon-start-accepting-bitcoin
Elon Musk, the man who has constantly flirted with Bitcoiners over acceptance of the cryptocurrency in a literal or metaphorical sense, many have single-handedly saved its bacon in the short term with a simple change to his Twitter bio and a vague tweet that seemed to reference Bitcoin.
Read the full article at FullyCrypto: https://fullycrypto.com/elon-musk-twitter-bio-change-pumps-bitcoin
Bitcoin has been showing incredible strength in recent months, and this has led me to believe that we are experiencing an expanded bull market where Bitcoin and alts have the potential to run together for some time. We have experienced huge growth since the 51% crash in March, but we are still far from the top of the market, all of which signifies potential strength for a prolonged period.
Read the full article at FullyCrypto: https://fullycrypto.com/bitcoin-is-leading-a-new-expanded-bull-market
The founders and operators of Airbit Club have been charged by the Department of Justice (DoJ) with fraud and money laundering. Airbit Club, which advertised itself as a cryptocurrency mining and trading platform, laundered some $20 million according to the charges, with the accused allegedly operating a pyramid scheme that solicited investments and prevented withdrawals, with the operators instead spending investors’ money on themselves.
Read the full article at FullyCrypto: https://fullycrypto.com/airbit-club-founders-accused-of-money-laundering-and-fraud
When it comes to the mining side of the crypto world, many people instantly think that they either need to be super smart and techy, or have a ton of money to buy their own mining farm. While both parts help, they’re not always necessary.
Read the full article at FullyCrypto: https://fullycrypto.com/did-you-know-you-can-start-mining-digibyte-in-under-60-seconds
Are you hiding cryptocurrency profits from the Inland Revenue Service (IRS)? If so, you might find yourself the target of their new taskforce, Operation Hidden Treasure. Announced last week, Operation Hidden Treasure will target those it suspects of withholding their crypto earnings using a team of blockchain forensics specialists to identify cryptocurrency tax evasion signatures and pinpoint individuals who are not declaring crypto earnings on their tax returns.
Read the full article at FullyCrypto: https://fullycrypto.com/hiding-crypto-profit-operation-hidden-treasure-is-after-you
Call me a tinfoil hat kinda guy if you really want, but if you truly care about your security and the safety of your data, then you really need to crank your awareness up to 10. Hackers are becoming more and more sophisticated, and the technology they use to steal your crypto is becoming more powerful and more affordable.
Read the full article at FullyCrypto: https://fullycrypto.com/turn-wi-fi-off-on-your-devices-when-you-go-out
MicroStrategy made headlines in August when they purchased $250 million worth of Bitcoin, and even more headlines when that Bitcoin lost 15% of its value just three weeks later, losing them $37.5 million at a stroke. However, those who thought that MicroStrategy might have fretted about the volatility of their Bitcoin investment clearly haven’t taken a look at MicroStrategy’s share price history, especially during the dot com boom and bust. For a company who rode the dot com boom and bust, a 15% drop is catnip.
Read the full article at FullyCrypto: https://fullycrypto.com/microstrategy-dot-com-volatility-good-bitcoin-preparation
Cryptocurrency exchanges have been the victims of hacks and attacks since the crypto world really came into the mainstream media. Millions of people around the globe use these exchanges on a daily basis, but many are still blissfully unaware of the risks associated with exchanges.
Read the full article at FullyCrypto: https://fullycrypto.com/kucoin-hack-highlights-importance-of-holding-your-own-keys