Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective. Pay with your credit card, and pay yourself back in bitcoin — that’s the value proposition of the new BlockFi Bitcoin Rewards Credit Card, which recently opened its waitlist to everyone…. Source link

This week, two developments point toward continued interest in bitcoin as a medium of exchange, the reason the “commerce on the internet” meme may be more accurate than the “digital gold” narrative.  One of the developments is the debut of a service allowing use of Lightning – a protocol built to scale transactions on the Bitcoin blockchain – for payments with online merchants that use the Visa network. The company behind the service is called Moon, and it uses a similar… Source link

Litecoin has had a brutal “bull market” if you can even call it that for the once popular cryptocurrency built on Bitcoin’s code. However, that all might soon turn around, as a massive bounce is brewing on the LTCBTC trading pair. A reversal on the trading pair could help Litecoin catch up to the rest of the market, which has already set new all-time highs and then some. If and when LTC recovers against BTC, the upside could be swift and violent. Here’s why. How Long It’s Been… Source link

Just three years ago, Ethereum’s (CCC:ETH-USD) first NFT craze hit the market. Collectible online cats – known as CryptoKitties – were adorable and personalizable. But unfortunately for early investors, the digital equivalent of beanie babies performed precisely like their real-world counterparts. It wasn’t long after the most expensive kitty sold for $170,000 that prices collapsed. The infinitely multiplying number of cats, paired with limited consumer appeal, meant… Source link

The crypto bull market remains in full throttle. This has been good news for Nvidia (NVDA). The chip giant sells the GPUs used as crypto mining rigs, providing the company with another stream of revenue. RBC’s Mitch Steves estimates that between January 31 and March 7, the company generated between $225 and $275 million in revenue from the sale of GPUs for the purpose of mining Ethereum – the second largest cryptocurrency by market cap. There are two ways for miners to earn their money;… Source link

Cardano slipped beneath the $1.09 level after a bearish retest of the $1.14 mark. Monero saw some selling pressure at $220, but the tussle between bears and bulls wasn’t yet decided. VeChain was strongly bullish as it climbed toward a technical target of $0.077. Source: CoinStats Meanwhile, Bitcoin was trading at $55,669 with a 24-hour trading volume of over $58 billion. Cardano [ADA] Source: ADA/USDT on TradingView ADA slipped beneath a short-term range it had formed over the past week…. Source link

There are a number of risks associated with holding and investing in cryptocurrencies. In the latest CoinDesk Research report, we look at seven different risks, from the regulatory to the technological, that affect bitcoin and ether, and whether you’d want to hold these assets for the long term.  Here is a brief overview of three of those risks, identified in the report “Bitcoin + Ether: An Investor’s Perspective.” 1. Regulatory Twelve years after the creation of the world’s first… Source link

As the price of bitcoin soars past $56,000, the cryptocurrency’s negative environmental impact is becoming harder to ignore. Energy-hogging crypto miners have been blamed for power outages in Iran, while China — a crypto mining hotbed — is cracking down on the practice as it takes a heavier hand with polluting industries. More such crackdowns may be needed to keep crypto’s carbon emissions under control. According to research released this week, bitcoin’s record-high prices have… Source link

Bitcoin has shown a tendency lately to clock its intraday low in the Asian or European session, and end near daily highs in the U.S. For example, the low on Monday was after 3 a.m. New York time and the high around 4 p.m. Tuesday’s low was right at the start of the Asia session before a run higher and steadying out near $54,000. Somewhat similar… Source link

The Litecoin price is in a slow uptrend as the ongoing strength of the cryptocurrencies industry continues. LTC is trading at $210, which is 40% above last week’s low of $150. It has a market cap of more than $14 billion and is the 9th largest crypto project in the world. LTC news: There have been no major Litecoin-related news. Instead, the ongoing rally is mostly because of the $1.9 trillion stimulus package that Joe Biden signed into law yesterday…. Source link