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Physical Bitcoin (BTC) Sold on eBay for nearly $100,000

A super-rare physical bitcoin from the early 2010s which stored the value of a single bitcoin hit the online auction site eBay on July 1, 2019, fetching $99,000 in just a few days. Bullish on Bitcoin On July 1, 2019, a physical bitcoin coin was listed on eBay. The item at issue was a 2011Read MoreRead More. The post by Edoardo Vecchio appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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Libra/Globalcoin: Facebook Stock Price Target; eBay, Vodafone and Coinbase in List of Validators

Project Libra, the cryptocurrency initiative of Facebook has also led to the formation of an Association to facilitate the decentralization of the cryptocurrency. These are called nodes or validators; the validators are made to pay a hefty fee and promised returns on it. Moreover, it works on distributed consensus, i.e., numerous validators working on a single ledger. Hence, confirming malicious transactions can also incur punishment to the nodes. The partners or validators of the cryptocurrency includes some of the most prominent industry leaders from around the world. Reported previously, Visa, MasterCard, Uber, and PayPal included the lost of backers. Some of the other names which have come up are Vodafone, Coinbase, Spotify, eBay and so on. Partners of the Libra Association (Source) Facebook’s Projected Growth According to a leading market Global investment bank, RBC, Facebook’s Globalcoin will generate new revenues for the company. RBC analysts Mark Mahaney and Zachary Schwartzman said in a note to investors, “We believe this may prove to be one of the most important initiatives in the history of the company to unlock new engagement and revenue streams,” The price target of Facebook’s stock, according to them, is $250. Anderson Horowitz is also a member of the association who has invested $10 million. Mahaney and Schwartzman also said, “We believe Facebook will use crypto to facilitate a platform for: 1) Payments; 2) Commerce; and 3) Applications & Gaming,” Also Read: Facebook’s Cryptocurrency: A Friendly Bet and Immunization from Privacy Laws Payments Facebook has over $2.3 billion users, not including users in its subsidiaries WhatsApp and Instagram.  The introduction of a new cryptocurrency will initiate payments among all these users. Moreover, the associate members also include eBay and Vodafone, which will enable more users to use to cryptocurrency in any amounts. Commerce Facebook’s primary source of income is through advertisements. According to estimates, the company might expect a $19 billion rise in revenue by cutting the cost paid to handle online payments through third-party sources. Facebook also plans to give out employee salaries in the form of the new currency. The cryptocurrency promises stability, fungibility, and cross-border transactions. Moreover, eBay, which is one of the largest online marketplaces globally, could also implement it as a mode of payment. Applications and Gaming The sources have revealed that Spotify, Zapo, Uber, and other apps and online gaming giants are also looking to integrate with Project Libra. Facebook supported Log-ins in favorite games like poker, PUBG, and numerous others could also extend support for the new cryptocurrency wallets. Furthermore, Coinbase’s interest also increases the possibility of it getting listed on the Exchange. This is a good piece of news of cryptocurrency investors. Nevertheless, the new regulations and the market share of the new cryptocurrency can also adversely affect some altcoins. What will the estimated market capitalization of the new cryptocurrency? Please share your views with us.  The post Libra/Globalcoin: Facebook Stock Price Target; eBay, Vodafone and Coinbase in List of Validators appeared first on Coingape.
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eBay Partners with Asto to Offer its Small Business Customers a New Finance Solution

eBay and Asto, the Santander-backed fintech that aims to help small businesses run and grow through a range of financial and non-financial services, have partnered up to offer cash flow loans to eBay.co.uk’s growing network of small businesses. The partnership looks to help eBay’s small business customers ease cash flow pressures and grow their businesses. With over 200,000 SMEs using its platform in the UK, eBay is committed to helping Britain’s small businesses to successfully grow and thrive. Paolo Levoni, eBay Chief Operating Officer, said: “eBay is passionate about helping small businesses succeed. We help power over 200,000 British SMEs, helping them grow through access to 180 million consumers in 190 markets across the globe. Our partnership with Asto is designed to help our business sellers efficiently access cash loans to help them expand and manage cashflow – our latest step in helping small businesses in the UK to thrive.” Asto aims to make access to financial services for the UK’s freelancers and small business owners, simple, seamless and easy to manage on-the-go. The Asto finance app will provide eBay customers a way to get accessible finance in a matter of clicks, to help them stay on top of their money and keep their cash flow positive. Sigga Sigurdardottir, CEO of Asto, commented on the partnership: “I am excited by the opportunity for Asto, as a fintech start-up, to partner with eBay, a global ecommerce platform that shares our ambition to help small businesses grow and thrive. Asto is built on the belief that no good business should fail for want of time, insight, support or access to finance. Working with eBay, Asto will empower small business owners with secure access to funds in a matter of minutes from their phone, versus traditionally several weeks.” The cash flow loans for eBay users will be launched later this year. The post eBay Partners with Asto to Offer its Small Business Customers a New Finance Solution appeared first on The Fintech Times.
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Monolith partners with decentralized finance heavyweights to spend MKR, DGX and DGD anywhere that accepts Visa

Monolith is bringing crypto adoption to the mainstream with a debit card that lets you spend your coins and tokens anywhere in Europe that Visa is currently accepted. The news follows an announcement from UK-based Monolith that they have partnered with MakerDAO and Digix to offer their tokens on the platform. Creating gold for the digital age. pic.twitter.com/Y0FRa5kHiv — Digix (@DigixGlobal) July 1, 2019 The smartphone-based Monolith platform allows you to quickly and easily send and receive cryptocurrencies, including ETH, DAI, TKN, MKR, DGX, and DGD, convert them into fiat currency and pre-load them on to a Visa debit card that is attached to your Monolith account. Mel Gelderman, CEO of Monolith, said MakerDAO and Digix represent high-quality Ethereum decentralized finance projects and are the first in a long set of milestones on Monolith’s roadmap. He said: “We’re thrilled to have had a fantastic response from our beta users and are now ramping up for growth. Rebranding from Tokencard to Monolith has helped us achieve our mission of democratizing finance and bringing the token economy to everyone while providing a unique service to our customers.” Gelderman added: “MakerDAO and Digix are some of the most well-recognized and earliest Ethereum-based projects. For TKN holders, these partnerships mean that MKR, DAI, DGD and DGX are now eligible for use in Monolith. We’re thrilled to offer them on the platform, and see this as the start of bringing many more quality tokens into the Monolith ecosystem. Watch this space.” Self-sovereign banking Monolith means anyone can finally achieve the cypherpunk ideal, of ‘becoming their own bank’, and can effectively live their lives on Ethereum away from big banks and corporations. Once loaded up the Visa debit card can be used at millions of locations across Europe that accept Visa, opening up a world of opportunity for people who want to make a permanent switch to living on cryptocurrencies. You can then spend your cryptocurrencies anywhere Visa is accepted, whether it’s buying drinks, cinema tickets, or anything else you can think of. Tea, Tokens and the Moon landing. Paid for in $ETH with @tokencard_io Best weekend. pic.twitter.com/xeW8obrbzi — Mel 'Monolith' Gelderman (@MelGelderman) August 3, 2019 The service is decentralized and completely non-custodial, with each account holder creating a private seed phrase for their account and having complete control of their finances, allowing them to operate as their own self-sovereign bank. Backing They have the backing of some well-respected figures across the crypto space too, including Rune Christensen, CEO, and founder of MakerDAO. He said: “Monolith’s solution provides a powerful way for token holders to extend the usefulness of their crypto-holdings. Their cards create a critical bridge from the world of DeFi to the more traditional world of retail.” The post Monolith partners with decentralized finance heavyweights to spend MKR, DGX and DGD anywhere that accepts Visa appeared first on CryptoSlate.
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Bakkt Cleared Launch | Bitcoin Bullish News!

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Why is Bakkt Important For Mainstream Adoption of Bitcoin (BTC)?

After a year of repeated postponements, we are finally going to have physically-delivered Bitcoin futures. September 23rd is the day when Bakkt is launching its physically-delivered Bitcoin futures contracts after receiving the green light from the CFTC. “Transparency and trust to digital assets,” is what Bakkt vows to bring to the cryptocurrency industry which is […]
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