Bitcoin’s price dipped below the $60,000 threshold on Wednesday morning after the major cryptocurrency soared to almost $70,000 in value last week.
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Both ideas are about making a few people rich, not about building a decentralised paradise where everyone prospers
While paying for things in cryptocurrencies doesn’t make sense for most people right now, more retailers accepting payments might change that landscape in the future. It’ll likely be much longer before it’ll be a smart financial decision to spend Bitcoin on goods or services, but further institutional adoption could bring about more use-cases for everyday users, and in turn, have an impact on crypto prices. Nothing is guaranteed, but if you buy cryptocurrency as a long-term store of value, the more “real world” uses it has, the more likely demand and value will increase.
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Pay using an instrument of your choice -all Credit and Debit Cards, Net Banking, Payment Wallets, and UPI Pay Using Indian Credit Card (Issued by bank in India) Pay Using International Credit Card (Issued by bank outside India) Pay using an instrument of your choice ( Cards - Debit/Credit, Wallets, Net Banking) Read our full coverage on Bitcoin
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Shiba Inu cryptocurrency jumped 50% over the weekend, becoming the 11th-largest cryptocurrency.
Brooks, who was acting US Comptroller of the Currency from May 2020 to January 2021, joined Binance US as chief executive officer at the beginning of May. Prior to joining the regulator, Brooks had been Chief Legal Officer of Coinbase Global. During his time as acting Comptroller, Brooks led efforts to provide regulatory clarity for stablecoins and digital asset custody.
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Binance has recently attracted regulator attention around the world. While Binance.US is a separate legal entity from the main Binance platform, it is 90% owned by Changpeng Zhao, who started and controls Binance.com, the world’s largest cryptocurrency exchange. The NYT said it was regulatory attention in the U.S. over money laundering and tax issues combined with the common ownership that concerned potential investors. GreatPoint Ventures confirmed to the NYT it considered investing and declined.
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Brian Brooks is the next CEO of Bitfury, while Valery Vavilov became Chief Vision Officer and Chairman of the Board of Directors.