cryptocurrency

This morning, Facebook confirmed some long-running rumors by announcing that it's about to dive into the world of cryptocurrency. That cryptocurrency is called Libra, and it'll launch next year alongside a digital wallet called Calibra. Calibra will be a subsidiary of Facebook, while Libra will be governed by the Libra Association, an organization comprised of a number of different companies (including Facebook and Calibra) that's headquartered in Geneva, Switzerland.

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AT&T made a surprising announcement today: its customers can now pay their bills using cryptocurrency. The option is made possible by AT&T's new BitPay support, opening the door for bill pay using Bitcoin instead of cash or credit. By adding the support, AT&T has become the first major wireless carrier in the United States to accept cryptocurrency payments.

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If you take a peek at the price of Bitcoin vs USD, then look at where NVIDIA is in the NASDAQ, you might draw some conclusions. While it's not been NVIDIA GPUs, but AMD GPUs that've appeared to have been used the most for cryptocurrency mining in the recent past, their fortunes seem linked. As we re-enter a bull season in cryptocurrency in general, NVIDIA's just announced they've beat earnings expectations for this most recent quarter.

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A number of major retailers, including Whole Foods and Bed Bath & Beyond, now accept Bitcoin payments made with the Flexa SPEDN app. A total of 15 retailers are accepting the cryptocurrency payment method, which also includes the Bitcoin alternatives Gemini Dollars, Bitcoin Cash, and Ethereum. Flexa's app is currently available for iPhone and will arrive on Android in the near future.

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The first of the partners were tipped teaming up with the Samsung Blockchain Keystore this week just days after the big Galaxy S10 event. Details leaked in promotional images and from sources apparently speaking directly to Samsung's higher-ups in South Korea. One of the biggest of these tipped groups was the gaming-focused Enjin. Enjin Coin is a smart cryptocurrency (not unlike most cryptocurrencies) that "fuels" tokenized gaming assets.

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Major US bank JPMorgan has taken the wraps off 'JPM Coin,' a blockchain-based "digital coin" that customers can receive by depositing US currency into their bank accounts. The digital currency can be redeemed at JPMorgan banks for US dollars, as well, offering those customers an alternative to existing cryptocurrencies. JPM Coin differs from bitcoin, however, in multiple important ways.

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Coinme, a company that offers bitcoin ATMs, has teamed up with Coinstar to make it easier to get your hands on the digital currency. Under the new partnership, Coinstar machines will allow users to swap their cash for bitcoin, bringing the cryptocurrency to one's local grocery store or convenience shop. After inserting money into the machine, Coinstar users get a voucher for bitcoin.

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Analysts weighed in this week on signals for the return of Bitcoin to cash money prominence. While it would appear that Bitcoin reached its floor at around $3,500 USD, there's a whole lot of doubt in the market after the most major drop in the history of cryptocurrency - the fall of January 2018. Volume appeared en masse at the drop from $6k to $3k, but not in a way that necessarily suggested Bitcoin-specific accumulation was about to appear out of thin air.

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A new set of programs was introduced this week by Razer to entice users with Razer Silver. One of these programs is Razer SoftMiner, a desktop app that Razer suggests "utilizes the idle GPU processing power of gamers’ battle stations to solve complex blockchain-based puzzles on the back-end." Wow, you might be saying, that's cool that Razer made a Bitcoin Miner so people can easily earn cryptocurrency on their home PC - but it's not quite that simple.

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Ohio has become the first state to accept tax payments in the form of Bitcoin. The cryptocurrency, though not as valuable as it once was, continues to be a popular cash alternative; it's accepted by a number of online retailers and now, in at least one state, as a currency for paying tax debt. The new support went live today and covers 23 different tax debt categories.

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As the value of bitcoin fell below $5k this week, a cryptocurrency mining firm Giga Watt declared bankruptcy. The US-based bitcoin mining firm currently owes creditors millions of dollars - US dollars - and filed for Chapter 11 bankruptcy in an Eastern District of Washington court on Monday, the 19th of November, 2018. They currently owe over $7-million to creditors.

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The New York Department of Financial Services has approved Coinsource's application to install Bitcoin ATMs. The application process took three years, including review and approval, according to Coinsource, which is now one of a dozen companies to get a Virtual Currency License. Coinsource is unique as the only Bitcoin ATM operator to get the approval.

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