Author: dfrancis36

Founders: Will Reeves and Matt LuongoDate Founded: 2014; Most recent iteration of company: 2019Location of Headquarters: RemoteAmount of Bitcoin Held in Treasury: “Stacking since the founding of Fold”Number of Employees: 22Website: https://foldapp.com/Public or Private? PrivateWill Reeves wants Fold to be your bitcoin bank.This may sound counterintuitive to hardcore Bitcoiners who believe that Bitcoin was created to replace banks, but Reeves, co-founder and CEO of Fold, an app that allows Bitcoin enthusiasts to earn bitcoin rewards on everyday purchases as well as DCA into bitcoin, sees things more pragmatically.He believes that Fold will be the ultimate app to connect Bitcoin to…

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Introduction Four years past, the landscape of online gambling painted a stark contrast to today’s flourishing scene. Within Europe’s vast expanse of licensed online casinos, a mere 5% embraced cryptocurrency as a viable banking method. Furthermore, these few pioneers in online gambling placed a restrictive boundary on using cryptocurrencies. Instead of letting gamblers use their digital assets directly, these platforms mandated a conversion to the casino’s chosen currency. This stipulation inevitably led to multiple complications, notably those related to rapid fluctuations in cryptocurrency valuations. Evolution of Cryptocurrency Acceptance in Online Casinos The initial hesitancy of casinos to adopt cryptocurrencies stemmed…

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Crypto bridging protocol LayerZero is expanding to the Solana blockchain, providing a new pathway for transferring crypto assets between Ethereum and its largest competitor, starting Wednesday. This integration will allow Solana users to move their assets to Arbitrum, Ethereum, Polygon, and 70 other connected chains, and vice-versa, according to LayerZero Labs, the company behind the bridging protocol. LayerZero functions as a bridging platform, enabling communication between blockchains that do not naturally interact. In the first quarter of 2024, LayerZero users transferred $6.7 billion worth of cryptocurrencies, generating $11.5 million in revenue, as reported by Messari. In April, private venture investors…

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Crypto exchange Gemini, owned by the Winklevoss twins, has announced the return of $2.2 billion to users of its Earn program after halting withdrawals 18 months ago, CNBC reported. This move followed a substantial settlement between the New York Attorney General and Genesis, Gemini’s lending partner.Refunding Crypto Lending UsersWith the more than $2 billion settlement, investors are expected to fully reclaim their losses, marking a significant victory for those affected. The resolution between Gemini and Genesis was brokered with the oversight of the New York Attorney General. Gemini’s Earn program was launched in 2021 to offer users the opportunity to…

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Mastercard has launched its Mastercard Crypto Credential, enabling its “first peer-to-peer (P2P) pilot transactions” using aliases instead of long and complex blockchain addresses. This new system aims to simplify cryptocurrency transactions for exchange users, offering a more user-friendly approach.Mastercard Crypto Credential verifies interactions among consumers and businesses using blockchain networks, ensuring users meet a set verification standards, set by Mastercard, and confirming the recipient’s wallet supports the transferred asset.JUST IN: Mastercard Crypto Credential launches its "first peer-to-peer pilot transactions", partners with exchange Mercado #Bitcoin 👀 pic.twitter.com/Xt6nbqV5XA— Bitcoin Magazine (@BitcoinMagazine) May 29, 2024 “Mastercard continues to invest in its technology, standards and…

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An analyst has explained how the Bitcoin rally could still have room to run before hitting a top based on the data of this indicator. Bitcoin Macro Oscillator Isn’t At Historical Top Zone Yet In a new post on X, analyst Willy Woo has discussed the recent trend developing in the Bitcoin Macro Oscillator (BMO). This indicator combines four different metrics to provide an oscillating value around the zero mark. The indicators in question are the market Value to Realized Value (MVRV) ratio, Volume-Weighted Average Price (VWAP) ratio, Cumulative Value-Days Destroyed (CVDD) ratio, and Sharpe ratio. Related Reading The chart…

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Bankrupt crypto lender Genesis and crypto exchange Gemini have successfully returned over $2 billion in cryptocurrency to 232,000 retail customers of their jointly managed Gemini Earn program. This repayment provides customers a 242% return on assets that had been locked up since January 2023, Gemini announced on Wednesday. Unlike other crypto companies that went bankrupt following the 2022 market crash, Genesis managed to return customers’ crypto assets instead of liquidating them for cash payouts. Customers who loaned one bitcoin to Genesis will receive one bitcoin back, benefiting from the coin’s substantial price increase since Genesis declared bankruptcy. Bitcoin’s value has…

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Global payment giant Mastercard has launched its peer-to-peer cryptocurrency credentials pilot program to simplify how users send and receive digital currencies. The new service is available in more than ten countries in Europe and Latin America. By introducing the Mastercard Crypto Credential, the company aims to simplify and secure crypto transfers, bypassing the need for complex blockchain addresses.According to the press release, the new offering is available on exchanges Bit2Me, Lirium, and Mercado Bitcoin. Mastercard mentioned that users in Argentina, Brazil, Chile, France, Guatemala, Mexico, Panama, Paraguay, Peru, Portugal, Spain, Switzerland, and Uruguay can now access cross-border and domestic transfers…

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In a world where “talent is everywhere, opportunity is not,” the existing fiat monetary system perpetuates the divide between those with access and resources those without. Even in democratic societies, which have their own flaws, people generally enjoy stable currencies, freedom, and rule of law. These features create an environment rich with opportunities, where a person’s start in life doesn’t have to dictate where they end up.Bitcoin advocate and bestselling author Lyn Alden is a prime example of overcoming obstacles and taking advantage of the opportunities afforded by democratic societies. Despite experiencing homelessness for several years, she worked her way…

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With the rise in the wide adaptability of cryptocurrencies, there is an emerging need to generate ways to earn from these coins. Founded in 2016, Gbitcoins is one of the earliest companies that provide cloud mining services by taking minimum charges and giving lucrative rewards to the miners. Thus cloud mining becomes one of the vital ways to earn a variety of cryptocurrencies in 2023, and Gbitcoins plays an important role in delivering this opportunity. What is Cloud Mining? In cloud mining, a miner purchases hash power from the service provider and executes the mining process without buying expensive hardware.…

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