Cryptocurrency analysts say at least $13.7m (£10.2m) has so far been donated to the Ukrainian war effort through anonymous Bitcoin donations.
Researchers at Elliptic, a blockchain analysis company, say the Ukrainian government, NGOs and volunteer groups have raised the money by advertising their Bitcoin wallet addresses online.
More than 4,000 donations have been made so far, with one unknown donor gifting Bitcoin worth $3m to an NGO.
The median donation is $95.
Before you start accepting cryptocurrency, take a look at some technical and pragmatic considerations.
- Cryptocurrency is a digital medium of exchange that allows direct transactions without third-party processors.
- Cryptocurrencies aren’t regulated or backed by any government.
- Accepting crypto as payment at your business can lower transaction fees but also introduce security concerns.
- This article is for entrepreneurs and small business owners interested in learning about cryptocurrency as a customer payment method.
Bitcoin prices have pulled back lately — but Goldman Sachs still sees strong gains ahead in the coming years.
The world’s most valuable cryptocurrency has fallen to about $46,000 after surging to a record high near $69,000 in November. Yet Goldman Sachs (GS) said in a report this week that bitcoin (XBT) could more than double, to a little over $100,000 per coin, within the next five years.
“We think that bitcoin’s market share will most likely rise over time as a byproduct of broader adoption of digital assets,” Zach Pandl, the co-head of global foreign exchange, rates and emerging market strategy for Goldman Sachs, said in the report.
It took only four months within the first half of 2021 for the global cryptocurrency usage to double to over 200 million. In this article, we’ll show you how to accept crypto payments as a small business.
As more people continue to warm up to crypto, a good number of small businesses are way ahead of the news, positioning themselves to serve the increasing number of crypto-paying customers.
Accepting Cryptocurrency Payments
According to a January 2020 HSB nationwide survey, 36% of small businesses accept cryptocurrency payments. If you’re among the enterprises left out of the crypto payments bracket, it’s probably time to start figuring out how to accept crypto payments to keep pace with the competition.
87 percent of full-time employees expressed interest in diversifying their retirement investments with cryptocurrency
While major cryptocurrencies such as Bitcoin are now household names, most Americans haven’t bought into this fast-growing asset class. One reason for this discrepancy is because the average American’s exposure to the broader investment market takes place through their employer-sponsored 401(k) plans.
And with so much volatility and so little regulation in cryptocurrency markets, traditionally risk-averse retirement managers have generally shied away from cryptocurrency investments. But fresh data suggest the handful of companies already offering cryptocurrency retirement options are ahead of the curve.
New research on full-time employees preferences suggests that workers are interested in this new retirement savings option. These data suggest there is an untapped well of enthusiasm for cryptocurrency investments through a 401(k) plan; however, there remain variations in attitudes towards cryptocurrency investments depending on one’s age and current investments.
Cryptocurrency Litecoin saw a sudden surge in price on Monday over a press release about Walmart accepting it for payment – which turned out to be fake.
The release, published through a legitimate press channel, claimed that Walmart would accept the currency through all its digital stores.
Walmart later told US media outlets the announcement was “inauthentic”.
By that time, several major news websites and press agencies had spread the supposed news.
Data analytics firm MicroStrategy, which owns more bitcoin than any other corporation in the world, announced another big investment in the world’s largest cryptocurrency on Tuesday morning, doubling down on its staggering commitment as the nascent market recovers from a $1 trillion crash this year.
Some investors are saying bye-bye to bitcoin, which is causing the cryptocurrency’s price to crash.
Is the COVID-19 pandemic to blame?
Unlike for most things these days, the answer is no.
Fingers instead are pointing to 1600 Pennsylvania Avenue, because of reports that President Joe Biden is planning to raise the tax on capital gains.
Despite still-booming institutional adoption, the price of the world’s largest cryptocurrency is tanking Thursday morning as analysts warn of massive volatility on the horizon, pushing bitcoin’s losses to nearly 15% since an all-time high on March 13.
As of 11 a.m. EDT, the price of bitcoin has tanked 9.4% over the past 24 hours, pushing its market capitalization down to about $970 billion, from nearly $1.1 trillion at the same time Wednesday, according to crypto-data website CoinMarketCap.
It’s been a rough 24 hours for bitcoin traders. The cryptocurrency has plunged 16% from its all-time high in just one day, falling from $58,000 on Sunday to just over $46,000 as of the time of this writing. So what happened? Two things. Or, rather, two people may be the reason why: