The BSV Association has embarked on a mission to create standardized and open-source code libraries for popular programming languages. Called the BSV Blockchain Libraries Project, it is a set of essential toolkits for developers and a middleware layer for the BSV blockchain technology stack. By standardizing the code libraries in this manner, BSV is also helping to create a rich talent pool of developers who work with best practices and will also be available to other businesses and organizations seeking to build sophisticated applications on the world’s fastest and most scalable proof-of-work blockchain.
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Poor Payouts: Nigerians left in shock as Hamster Kombat launches
Many Nigerians have been mining crypto from Hamster Kombat for months. Not a few anticipated high returns.
But in a new twist of events, The Nigerian Tribune has reported how the crypto-mining app disappointed Nigerians.
Visit our blog often or follow us on X.In a shocking turn of events, the much-anticipated airdrop from crypto-mining app, Hamster Kombat, which had been trending for months, has left thousands of Nigerians in uproar.
After five long months of continuous tapping to earn rewards, users expected substantial payouts promised by the coin’s promoters—some dreaming of becoming millionaires.
However, as the coin finally launched on Thursday, the reality hit hard: instead of the massive financial rewards users had been led to believe, most payouts so far ranged from a mere 1 to 4 dollars.
Unconfirmed reports about the highest earner so far ranged from 7 to 17 dollars.
Can you imagine?
This is not the first and last time foreign companies will dupe Nigerians. Evidently, the proposers of businesses like these often find large patronage in Nigeria, making it easy for them to trend online.
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Bitcoin is forever
Hello, I got the following quote on the internet. It tells me that I should keep keeping on coz the crypto does have future.
Here’s the quote:
Bitcoin’s future is undeniable! Be in it for the long haul. That’s how to succeed.
Visit our blog often or follow us on X.The previous month has shown just how true this is. The btc arena keeps getting better all the time.
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Cryptocurrency is legal in these 10 countries
The stance for cryptocurrency to be legal worldwide is still in discourse since its remarkable first appearance in 2009 with the well-known crypto coin, Bitcoin making investors rich when it was launched.
Not many countries allow crypto as a legal tender due to the absence of a regulatory system.
In reality, the virtual tokens are not made to regulate this is the main ground for the difficulty for governments to legalize these digital currencies.
Visit our blog often or follow us on X.According to the Library of Congress, 103 countries have planned to develop the objectives for organizations making transactions with cryptocurrencies.
At the same time, crypto brings more investments and innovation in the country and improves fast
transactions and results in decentralization and transparency.
Here are 10 countries that allow crypto as a legal tender.
- Central African Republic
In 2022, CAR became the second country to accept crypto as a legal tender. The African state believes bitcoin to be a genuine legal tender.
- El Salvador
The nation to be the first to make virtual tokens become a legal tender is El Salvador located in South America. In 2021, the bill to approve the currency was passed by President Bukele. It became a legal exchange to purchase, and sell any good and service.
Crypto News Today - Germany
Germany’s recognition of Bitcoin largely improved the value of the virtual coin in the worldwide market. The Germans are actively involved in the advancement of blockchain solutions which has allowed the nation to completely legalize the transaction of virtual money.
- France
The legalization of the operation of digital tokens began on the 11th of July 2014 when a regulation note was issued. France allows trading and use of the currencies.
- Netherlands
Even though this country has not regulated or officially legalized the use of any cryptocurrency, it has however shown a positive attitude toward the innovation. The country even has a special region called Bitcoin City where transactions like purchasing, trading, and business are legal.
- Singapore
The Singapore government has allowed the use of cryptocurrencies for their citizen commercial uses but the government wants a hand in controlling the regulation. However, they warned their citizens about the risks of using the coins.
- Malta
Since joining the list of countries that allows the use of virtual currencies, Malta has attracted many crypto companies such as Binance. The country has come up with many legislations for making cryptocurrencies acceptable for business.
- USA
It is only natural for one of the biggest economies in the world to have a hand in crypto. The cabinet of the United States of America in 2013 accepted Bitcoin as a decentralized digital money that can be used for transactions.
- Canada
Canadian government legalized the use of Impak coin, becoming the country’s first-ever legal cryptocurrency in August 2017. The nation’s government has implemented strict laws in place to prevent money laundering through the use of crypto as the country considers crypto as a commodity for tax purposes.
- Japan
Japan had a strict rule for not allowing cryptocurrency on their land, but have become light with their laws since setting up a Payment Service Act which allows digital money and a number of exchanges to be used for payment and trading purposes.
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Bitcoin ETFs $235 Million Total Net Flows
Bitcoin exchange-traded funds (ETFs) have started a new week with a bang, securing more than $235 million worth of inflows on Oct.
Read more on U.Today https://u.today/bitcoin-etfs-see-235-million-in-total-net-flows -
Using Digital Currencies in Business Setting – PayPal
PayPal (NASDAQ:PYPL) has given evidence, a real use of digital currencies, by making a transaction using its own stablecoin PYUSD for the first time. On September 23rd, PayPal made a payment to Ernst & Young LLP by using PYUSD to pay an invoice and they agreed to receive the payment but the specific amount was undisclosed.
As a pioneer of digital payments, the deal demonstrated very well the possible use of stablecoins in the real world and how digital currencies can be implemented into a number of business procedures. It is just a starting point of the early adoption of PayPal’s stablecoin and maybe other digital assets in business settings. Here are some opportunities and strengths of PayPal that you might want to consider.
Visit our blog often or follow us on X.Opportunities
- Network Advantage: PayPal has more than 400 million of active accounts globally and 35 million of merchant partnerships.
- Strategic Partnerships: The growing the Buy with Prime checkout is a flagship achievement for PayPal’s Branded Checkout initiative.
- Monetization on the Rise: Thus, the growing popularity of Venmo has resulted in the growth of monetization and, therefore, a positive effect on PayPal’s gross profit.
Threats
- Competitive Pressure: Market share, competitive pricing in unbranded processing are leading causes of concern, low priced commoditized e-commerce impacting its stock price.
- Growth Concerns: The second half of the current financial year is forecasted to experience a minor deceleration in the growth of both branded and Braintree volume.
- Margin Dilution: Amazon is a direct competitor and hence cooperating with them will exert pressure on PayPal’s product gross margins. This is something very difficult given the current investor focus on the downward trend of gross margin for the company.
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Bitcoin Traders Eyeing This Week’s CPI Data
Traders are bracing for U.S. Consumer Price Index data this week, with a positive print likely influencing Bitcoin’s next price rise, analysts say.
Coupled with strong nonfarm payroll numbers, the “Uptober” narrative has helped buoy support for the world’s largest crypto at around $60,000, according to digital assets firm QCP Capital.
Visit our blog often or follow us on X.“After a shaky start, Uptober seems to be back on track,” QCP Capital wrote in a note on Monday. “Bitcoin is as at similar levels to where it started last Monday.”
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Bitcoin ETFs: $301 Million Wiped out!
New stuff rocking the cryptocurrency industry.
We just learned that the price of Bitcoin (BTC) is trying to hit the next highs, but there are a plethora of big challenges in its path.
Visit our blog often or follow us on X.According to latest reports, the market has witnessed a selling trend that’s hindering price growth.
Another major roadblock is the lack of investor interest and confidence in Bitcoin spot ETFs, leading to significantly greater outflows.
SosoValue, a powerhouse of crypto information and analysis said Bitcoin ETFs struggled throughout the past week.
The crypto market witnessed outflows of $301 million from Sept. 30 to Oct. 4.
The quote:
“During this time, Grayscale’s GBTC witnessed an outflow of around $47 million, and ARK & 21Shares ETF ARKB had an outflow of $206 million. Interestingly, BlackRock’s IBIT defied all the odds and continued its trend of garnering significant investor interest and confidence.
“While its counterparts struggled to get any inflows, the BlackRock Bitcoin ETF witnessed an inflow of a whopping $135 million during the same period. This unique trend shows the major role of BlackRock for Bitcoin investments.”
As we write, during this Oct. 4, the total daily net inflow of Bitcoin Spot ETFs stands at $25.59 million.
The total value traded is around $1.19 billion.
The conclusion is that despite recent outflows, the cumulative total net inflow is around $18.5 billion, showing the significant growth of these investment products in the broader outlook.
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Spain is selling homes with Cryptocurrency!
Spain has emerged as the leading European country for real estate transactions involving cryptocurrency. Spain Homes, a leading real estate company operating in Spain, has successfully facilitated the sale of 15 properties using cryptocurrency. This achievement is due to the ability to conduct real estate transactions with cryptocurrency under Spanish Law.
Spain Homes’ success was made possible through careful legal interpretation and implementation of existing regulations, thanks to the expertise of the company’s legal team. Additionally, the professional handling of Anti-Money Laundering (AML) and Know Your Customer (KYC) processes has ensured a smooth experience for investors purchasing real estate with cryptocurrency.
Visit our blog often or follow us on X.Demand for crypto-currency-based real estate transactions has been particularly high in European Union countries, with Germany, Sweden, and France leading this trend. Investors from these countries are increasingly attracted by Spain’s lifestyle, climate, and real estate opportunities.
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SoftNote Offering Zero-Fee, Instant Crypto Payments
Tectum, the fastest blockchain network globally with 3.5 million transactions per second, announced the release of the SoftNote Wallet App on iOS, marking a significant step toward mass adoption of its SoftNote technology. Previously accessible only through a web interface, SoftNote now allows users to conduct instant and zero-fee crypto transactions directly from their mobile devices. Android users can look forward to the app’s release later this month.
The SoftNote Wallet App is currently available in the Apple App Stores in the USA, Russia, Turkey, India, and Brazil, with more markets to follow in the coming months, bringing this game-changing technology to a growing global audience. With SoftNote, Tectum eliminates the need for intermediaries, offering a seamless, bankless payment experience for users globally.
Visit our blog often or follow us on X.“The SoftNote Wallet puts this powerful technology directly into users’ hands, allowing them to transact freely without barriers,” said Alexander Guseff, Founder of Tectum. “This is a major step toward our vision of making crypto transactions free & instant.”The app enables secure, real-time transactions with major cryptocurrencies such as Bitcoin, Ethereum, USDT, and Tectum Emission Tokens. Users can easily create, manage, and transfer SoftNote Bills through a streamlined, user-friendly interface designed for seamless navigation.
“SoftNote Wallet’s mobile release moves us closer to a world where global transactions no longer rely on traditional systems like SWIFT,” Gusev added. “We’re creating a faster, more secure, and cost-effective way to handle payments worldwide.”