Author: Kevin Helms

India’s Crypto Trading Volume Soars Amid Economic Crisis | Bitcoin News

Bitcoin.com

Despite the economic crisis, cryptocurrency trading platforms in India are reporting record-breaking volumes and new users. “People in India are betting big on bitcoin,” Paxful’s CEO said. “The Indian market holds great potential and importance for the future of the Read More

Exponential Growth: Bitcoin’s Trading Volume Could Rival Major Asset Classes | Markets and Prices Bitcoin News

Bitcoin.com

Bitcoin’s trading volume has experienced exponential growth which could reach levels similar to major asset classes, according to a new report by Coin Metrics. The cryptocurrency’s daily volume could exceed that of all U.S. equities in less than four years Read More

US Government Prediction: Economy Faces 10-Year Recovery, $8 Trillion Loss From Coronavirus | Bitcoin News

Bitcoin.com

The U.S. Congressional Budget Office has projected that the coronavirus crisis will cost the U.S. economy about $8 trillion. Many factors play a part in shrinking the economy, such as business closures, social distancing measures, consumer spending, a drop in Read More

Travala Sees 205% Jump in Booking Revenue as Travel Demand Returns — 60% Paid With Cryptocurrencies | Bitcoin News

Bitcoin.com

Crypto-friendly travel booking platform Travala has reported booking growth as demand for travel returns despite continued coronavirus crisis and extended lockdowns in many places. Its booking revenue in May soared 205% and 60% of all bookings were paid with cryptocurrencies. Read More

Travala Sees 205% Jump in Booking Revenue as Travel Demand Returns — 60% Paid With Cryptocurrencies | Bitcoin News

Bitcoin.com

Crypto-friendly travel booking platform Travala has reported booking growth as demand for travel returns despite continued coronavirus crisis and extended lockdowns in many places. Its booking revenue in May soared 205% and 60% of all bookings were paid with cryptocurrencies. Read More

2 Swiss Banks Launch Cryptocurrency Trading and Custody After Gaining Regulatory Approval | Bitcoin News

Bitcoin.com

Switzerland’s financial regulator, FINMA, has approved two Zurich-based banks to offer a range of cryptocurrency services, including trading and custody. Maerki Baumann Bank subsequently announced the launch of its trading platform for major cryptocurrencies while Incore Bank is offering a Read More

India to Significantly Increase Crypto Market Share This Year: Report | Bitcoin News

Bitcoin.com

India’s cryptocurrency market is set to gain significant market share this year, according to an industry report. The regulatory environment, the instability of the rupee, and remittances are key drivers that will send the Indian crypto industry soaring. Indian Crypto Read More

UK Government Seizes $185 Million From Dormant Bank Accounts for Crisis Relief | News Bitcoin News

Bitcoin.com

The UK government is seizing funds in dormant bank accounts worth approximately $185 million to fund its coronavirus relief efforts. So far, 30 banks have been voluntarily transferring money from dormant accounts to the government, including HSBC, Barclays, Clydesdale, Credit Read More

China Passes Law Protecting Cryptocurrency Inheritance | Bitcoin News

Bitcoin.com

China has passed the country’s long-awaited civil code which expands the scope of inheritance rights to include cryptocurrency, such as bitcoin. Inherited cryptocurrencies will be protected under the new law. Meanwhile, several Chinese courts have recently ruled that bitcoin and Read More

Grayscale Bitcoin Trust Buys Over 1.5 Times Total BTC Mined Since Halving | News Bitcoin News

Bitcoin.com

Grayscale Investments has purchased more than 1.5 times the number of bitcoins mined since the third Bitcoin halving for its bitcoin trust. This indicates that there is a strong institutional demand for the cryptocurrency, which is expected to grow significantly Read More

JPMorgan to Pay $2.5 Million to Settle Lawsuit for Overcharging Crypto Fees | Bitcoin News

Bitcoin.com

JPMorgan Chase has reportedly agreed to pay $2.5 million to settle a crypto class-action lawsuit. Originally filed in 2018, the suit alleges that the bank overcharged customers for buying cryptocurrencies using Chase credit cards, classifying the purchases as cash advances. Read More

Leading Australian Regulated Micro-Investing App Adds Bitcoin Option for Investors | Bitcoin News

Bitcoin.com

Popular demand for cryptocurrency has prompted Australia’s leading micro-investing platform Raiz (formerly Acorns) to add a bitcoin investment option. Individual investors can round up their spare change and regularly invest in a bitcoin investment portfolio. Leading Australian Micro-Investing App Now Read More

Trump Threatens to Close Down Social Media Platforms After Twitter Tampers With His Tweets | Bitcoin News

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A row with Twitter has provoked U.S. President Donald Trump to threaten to close down social media platforms. This follows Twitter tampering with Trump’s tweets to alert people to fact check his claims. Trump is further outraged by Twitter’s use Read More

IMF Predicts Banks Will Struggle at Least 5 More Years After Global Economy Recovers | Bitcoin News

Bitcoin.com

The International Monetary Fund (IMF) has predicted that banks will struggle to generate profits at least five years after the global economy recovers from the coronavirus-led economic crisis. The IMF explained that banks were struggling even before the covid-19 pandemic Read More

Goldman Sachs Hosting Bitcoin Call as Institutional Interest in Cryptocurrency Surges | Bitcoin News

Bitcoin.com

As interest in cryptocurrency grows among institutional investors, global investment banks, like Goldman Sachs and JPMorgan Chase, are reexamining their views about bitcoin. Goldman Sachs is hosting a call for its clients to learn about the implications of current policies Read More

US Real Estate Crisis: Home Sales Plunge to 9-Year Low, Mortgage Delinquencies to Soar Past Great Recession Level | Bitcoin News

Bitcoin.com

The US real estate market is facing a crisis as unemployment soars amid the coronavirus pandemic. Home sales have plunged to a nine-year low and a record-high number of homeowners are defaulting on their mortgage payments. The impact of the Read More

Trump Signs Deregulation Order to Boost US Economic Recovery | Bitcoin News

Bitcoin.com

U.S. President Donald Trump has signed an executive order to eliminate “unnecessary regulations that impede economic recovery” following the coronavirus crisis. With this deregulation, government agencies are “encouraged to promote economic recovery through non-regulatory actions.” Trump Signs Deregulation Order to Read More

Bitcoin Use on Darknet Markets Jumps 65% in First Quarter | Bitcoin News

Bitcoin.com

Bitcoin transactions on darknet markets jumped 65% in value during the first quarter, according to research by a blockchain analytics firm. The amount of bitcoin sent from darknet entities to mixers also grew rapidly as exchanges with verification requirements became Read More

Economists Predict Worst Recession Ever for India Amid Lockdown Extension | News Bitcoin News

Bitcoin.com

Economists have predicted that India will face its worst recession ever as the country announced another nationwide lockdown extension. India’s economy is forecasted to contract 45% in the second quarter following the Rs 20 lakh crore coronavirus relief stimulus package Read More

Germany Enters Recession as Over 100 Banks Charge Negative Interest Rates | Bitcoin News

Bitcoin.com

Germany has plunged into a recession with the worst quarterly contraction since the global financial and economic crisis of 2008, according to official data. Over 100 banks in the country are now charging customers negative interest rates. Germany Enters Recession Read More