Crypto News Cast 📮 05-07-2022
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $879 B
📊24h Mcap %: -1.07%
⚠️Bitcoin Dom: 42.20%
📌Active Coins: 4547
📍24h Vol %: 9.26%
💲24h Vol: $60 B
Crypto News Updates :
- Visa Introduces A Unique “No-limit” Bitcoin Card In The UAE
- Users Can Pay With Crypto With Uber Eats’ BitPay Integration
- Due To High Inflation, Argentinians Turn To cryptocurrency
- IMF Claims Cryptocurrencies And CBDCs Can Be Effective Than Conventional Financial Products
- Crypto Market Cap Gains $50 Billion In 24 Hours As Market Turns Green
- Bank Of Russia Prepared To Legalize Cryptocurrency Mining If Miners Exports Production
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– Visa Introduces A Unique “No-limit” Bitcoin Card In The UAE
The largest payments network in the world, VISA, has introduced a high-end VIP cryptocurrency credit card named “bitcoinblack” in the United Arab Emirates. The card, which was initially introduced in 2021, is only accessible by invitation to 10,000 users worldwide and enables them to turn their Bitcoin (BTC) and other significant cryptocurrencies into usable cash. You can request the invitation on the bitcoinblack website. Read Full on Finbold.
– Users Can Pay With Crypto With Uber Eats’ BitPay Integration
Anywhere Mastercard is accepted, including on DoorDash and Uber Eats, the BitPay Card can be used for transactions. According to BitPay, its card enables free, immediate conversion of bitcoin or more than a dozen other cryptocurrencies into dollars with each swipe. Following approval, owners of BitPay accounts are given virtual Mastercard debit cards that, in the company’s words, can be used at millions of retailers. Read Full on pymnts.
– Due To High Inflation, Argentinians Turn To cryptocurrency
Martin Guzman, the Minister of the Economy of Argentina, announced his retirement on June 3, which prompted people to look for cryptocurrency hedges and increased the value of Tether relative to the Argentine peso by 6.6 percent. The timing of Guzman’s resignation coincides with an increase in already high inflation. Guzman wrote to President Alberto Fernandez and asked him to mediate the widening political rift so that the next minister wouldn’t be adversely affected by the poor state. Read Full on cryptoslate.
– IMF Claims Cryptocurrencies And CBDCs Can Be Effective Than Conventional Financial Products
The International Monetary Fund (IMF) has cautioned against cryptocurrencies but highlighted that digital assets might be useful substitutes for conventional financial instruments. According to an IMF blog post from June 16, some cryptocurrencies and central bank digital currencies (CBDCs) may be more energy-efficient payment methods than credit and debit cards. Although some entities are planning to integrate cryptocurrencies and CBDCs with physical cards. Read Full on Finbold.
– Crypto Market Cap Gains $50 Billion In 24 Hours As Market Turns Green
On July 5, the general cryptocurrency market began to rise, recording some green candles, helped by the success of the leading Cryptocurrency, Bitcoin (BTC), whose price briefly surpassed the significant $20,000 milestone. According to data from CoinMarketCap, the market capitalization of cryptocurrencies has increased in the last day from $864 billion to $914 billion, representing a $50 billion inflow.Read Full on Finbold.
– Bank Of Russia Prepared To Legalize Cryptocurrency Mining If Miners Exports Production
Moscow’s central bank is now prepared to support the legality of cryptocurrency mining, provided that Russian miners are required to sell the coins they earn abroad. Kirill Pronin, the director of the Bank of Russia’s Financial Technologies Department, recently made a remark to that effect. The regulator’s most recent stance on the subject follows a softening of its position on the potential use of cryptocurrencies for payments, even if just globally. Read Full on Bitcoin.com News.
