Crypto is reaching a tipping point
Citigroup’s Global Perspectives & Solutions (GPS) team released a 108-page report Monday entitled “Bitcoin At the Tipping Point.”
Claiming cryptocurrency could become “the currency of choice for international trade," the firm wrote “we could be at the start of massive transformation of cryptocurrency into the mainstream.”
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Player cashes out $160,000 on The Dog House Megaways slot at Bitcoin.com Games.
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In the news
Having previously called the cryptocurrency “garbage,” The Shark Tank star says has now changed his mind and believes that cryptocurrencies are here to stay.
Investing 3% of his portfolio, O'Leary says he is getting used to the volatility of Bitcoin and believes that institutional investors are willing to hold through price fluctuations.
Rakuten allows people to load payment app with cryptocurrencies
Rakuten Inc., often referred to as “the Amazon of Japan,” announced customers can now load up Rakuten Pay accounts with cryptocurrencies like Bitcoin, Ethereum, and Bitcoin Cash.
A huge move for Japan, this will now allow people to pay with cryptocurrency at places such as McDonald's, 7/11, and potentially thousands of other stores.
The Mad Money host thinks he has a solution to save troubled video game retailer Gamestop by suggesting that Gamestop should raise money to buy the cryptocurrency, then convert its 5,000 locations into Bitcoin stores.
“I have not been able to come up with anything else, but this works,” he concluded. “I have a feeling that this is the way to get this stock higher. I can’t come up with another way.”
Philippine crypto exchange Pdax recently suffered a costly technical failure – one that led to Bitcoin trading at a discount of 88% to its current price.
Pdax is now demanding that users return the Bitcoin or face legal action, locking out several of its clients from their accounts for this reason.
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