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‘The Future Is Here’—Visa, Mastercard And Binance Are Suddenly Making Bitcoin, Ethereum, XRP, Solana, Cardano And Tether Payments A Reality Despite Price Crash – Forbes

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Bitcoin BTC , ethereum and other major cryptocurrencies are suffering through the beginnings of what could be a brutal crypto winter in which one crypto exchange CEO fears “anything could happen.”
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The bitcoin price is down around 50% since the beginning of the year while the ethereum price and other top ten cryptocurrencies including BNB BNB , XRP XRP , solana and cardano have also tanked as the crypto market teeters on a $1 trillion knife-edge.
Now, card and payments giant Mastercard MA has announced a partnership with world’s biggest crypto exchange Binance to launch bitcoin and crypto payments in-store and online—while Mastercard rival Visa V has also seen a ramping up of its crypto payments cards.
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Mastercard is working with Binance to let people use bitcoin, ethereum, BNB, XRP, solana, cardano, … [+] tether and other cryptocurrencies in over 90 million shops that accept Mastercard payments.
Mastercard is set to launch a cryptocurrency payments card—supporting 14 cryptocurrencies, including the U.S. dollar-pegged stablecoin tether, bitcoin, ethereum, BNB, cardano, solana, XRP and others—after striking a deal with Binance.
“Mastercard’s plan to integrate crypto could be an eye-opener for its competition like Visa, who may follow in Mastercard’s’ footsteps, in order to lead the payments industry in this sector,” Marcus Sotiriou, an analyst at the digital asset broker GlobalBlock, said in emailed comments.
The crypto card will let users pay for everyday purchases using the crypto they have in their Binance accounts. The card converts cryptocurrencies into fiat currency at the point of sale and will first be launched in Argentina ahead of a planned wider rollout that will support some 90 million online and physical stores.
“We can unlock the full potential of blockchain technology when we make it easier to access and easier to use,” Mastercard chief executive Michael Miebach wrote in a LinkedIn post. “One way we do that is by bringing crypto to everyday purchases.”
Binance reposted his comments, adding: “The future is here.”
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The bitcoin price has rocketed higher over the last few years—boosting the price of ethereum and … [+] other major cryptocurrencies BNB, XRP, solana, cardano, and dogecoin— but remains highly volatile.
Meanwhile, Latin American crypto company Ripio has begun rolling out a prepaid debit card in Brazil that supports crypto payments and gives users bitcoin cashback rewards, Ripio CEO Sebastian Serrano told Coindesk this week.
“This is the first large tokenization project and the first very large company in Latin America to integrate crypto, but we also believe that this is something that is going to become much more widespread and we want to be catalysts for the future,” Serrano said.
In January, Visa revealed its users made $2.5 billion in payments with its crypto-linked cards in its fiscal first quarter of 2022—more than half of all Visa’s crypto volume for 2021.
“This signals that consumers see utility in having a Visa card linked to an account at a crypto platform,” Visa chief finance officer Vasant Prabhu told CNBC at the time. “There’s value in being able to access that liquidity, to fund purchases and manage expenses, and to do so instantly and seamlessly.”

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The September Curse: Why Bitcoin Price May Touch $10,000 – NewsBTC

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September has been a historically bearish month for bitcoin and the rest of the crypto market by extension. Back in 2021, bitcoin’s deviation from expected market trends had sparked hope that it would break the September curse, but alas, it followed it to a T. This is why with the new month already ushered in, there are expectations that the price of BTC will continue to dive and likely reach lower trends as it enters the worst of the bear market.
One of those who have referred to the September curse in their analysis of the price of bitcoin is Scott Redler, the Chief Strategist at T3 Trading Group. Redler posted a bitcoin chart outlining the movement of the digital asset since last year, marking important technical points that had triggered a downtrend in its price.
An important level that has been mapped out by BTC lately is the $17,600. This represents the new local low after the cryptocurrency had set a new record and plunged below its previous cycle peak. Now, $17,600 has become the level for bulls to hold to avoid further decline.
Redler’s chart shows that if the digital asset fails to hold above this level, then the next support lies around $13,500. But even more interesting is the fact that below $13,500, the next possible point is at the dreaded $10,200. 
Bitcoin price chart from TradingView.com
The strategist explains that the month will determine where the price of BTC ends up following this. However, if bulls are able to hold above this level, which ends up serving as a bounce point, then BTC’s next major level lies just above $25,000.
Bitcoin is an asset that has always followed historical trends closely. Even when it had broken out of set trends back in 2021, it still kept close to others. One of those was the infamous “September Curse.” For anyone who doesn’t understand what this is, the term was coined because bitcoin’s price has always recorded a decline during this month.
Last year was no different in this regard despite the fact that the crypto market is deep in the throes of a bull market. Bitcoin had started the month of September 2021 at around $53,000 but had lost more than $10,000 of its value by the time the month drew to an end. This was in spite of remarkable adoption, such as El Salvador officially accepting the cryptocurrency as a digital asset and Cardano finally debuting smart contract capability.
Given this, it is possible that bitcoin will stick to this trend. The digital asset is already showing signs of decline, starting the month above $20,000 and already falling below this important technical level. If BTC went the way it did in 2021, the price will likely drop to around $16,000, which would account for about 20%, in line with previous downtrends. 
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Trader Who Nailed 2022 Bitcoin Collapse Predicts Big Correction for XRP, Updates Outlook on Two Low-Cap Alt… – The Daily Hodl

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The crypto analyst who accurately predicted Bitcoin’s (BTC) crash this year says XRP is likely due for an over 50% decline.
The psuedonymous analyst known in the industry as Capo tells his 541,600 Twitter followers that open-source digital currency XRP remains in a downtrend despite its recent rally.
According to a chart shared by Capo, XRP appears poised to plunge to its high timeframe support at $0.20.
“XRP.”
At time of writing, XRP is changing hands for $0.447, an over 5% decrease on the day. The sixth-largest crypto asset by market cap has risen nearly 40% from its 30-day low of $0.32 but remains more than 86% down from its all-time high of $3.40.
Another altcoin on the trader’s radar is Stellar Lumens (XLM), a crypto asset designed to act as a bridge between two fiat currencies when sending money abroad. According to Capo, XLM gearing up for a quick rally to his target of $0.16 before resuming its downtrend.
“Long on XLM.”
At time of writing, XLM is valued at $0.118, flat on the day.
The analyst is also keeping a close watch on Reserve Rights Token (RSR), cryptocurrency designed to facilitate the stability of the asset-backed stablecoin known as the Reserve Token (RSV). According to Capo, RSR still offers more upside potential despite its over 90% rally in just two weeks.
“Support to resistance flip of the previous key level. Next target is $0.012, but main target remains $0.017. I haven’t taken profits yet, just trailing the stop in profits.” 
At time of writing, RSR is swapping hands for $0.0099, a 4.95% increase on the day.
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Bitcoin slips lower, and South Korea issues arrest warrant for Terra's Do Kwon – CNBC

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Bitcoin slips lower, and South Korea issues arrest warrant for Terra’s Do Kwon  CNBC
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