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5.31.2021

World War Bitcoin

China’s Robinhood rivals pile into the crypto craze

Two of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.

Crypto Mining Booms on Cheap, Subsidized Energy in Argentina

Bitcoin miners in Argentina are capitalizing on the inefficiencies of the country’s interventionist economy to reap outsize returns, fueled by memories of currency busts and powered by government-subsidized electricity.

Bitcoin’s Long-Term Put Options See Sustained Demand

Bitcoin’s longer-term puts, or bearish bets, are drawing stronger demand than calls for the first time this year, a sign the recent sell-off has taken a toll on market confidence. According to data provider Skew, the six-month put-call skew, which measures the relative expensiveness of puts and calls, crossed above zero on May 17, indicating a bias for puts.

Cryptocurrency expert says Bitcoin, Stablecoin payments will be accepted by more businesses

More companies will accept cryptocurrency as payment, especially Bitcoin and Stablecoin, Voyager Digital CEO Steve Ehrlich told FOX Business’ Maria Bartiromo on "Mornings with Maria" Tuesday.

Story from Business Coinbase Debit Card Now Works With Apple Pay

Coinbase’s Visa debit card will sync with Apple Pay and Google Pay, the crypto exchange said Tuesday. Additionally, Coinbase said in a blog post it will begin offering cash-back spending reward features to waitlisters this week. The card is available across the U.S. (with the exception of Hawaii); a variation rolled out in European markets in 2019.

Investors Cheer After RBI Clarifies Crypto Trading Isn’t Banned

The Reserve Bank of India’s decision to remove a 2018 rule that forbid banks from facilitating cryptocurrency trades comes as a welcome relief for a community facing push-back from traditional lenders needed to help settle these deals.