Primer, a global payment infrastructure provider, now allows merchants worldwide to accept bitcoin as payment through a 1-click checkout function through a partnership with OpenNode according to a press release.
OpenNode is a bitcoin payments infrastructure provider and with Primer’s leading commerce automation platform, users across the world will be able to access seamless payments using bitcoin.
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Russia will legalize crypto payments “sooner or later” according to the Ministry of Industry and Trade of the Russian Federation, Denis Manturov.
The country’s government has been exploring various crypto adoption plays throughout 2022, but is yet to finalize any concrete policy concerning digital asset payments. However, its legalization has been recommended by Russia’s finance ministry via its “On Digital Currency” bill from April.
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It has been a rough week for the cryptocurrency market, primarily because of the Terra ecosystem collapse and its knock-on effect on Bitcoin (BTC), Ethereum (ETH) and altcoin prices, plus the panic selling that took place after stablecoins lost their peg to the U.S. dollar.
The bearish headwinds for the crypto market have been building since late 2021 as the U.S. dollar gained strength and the United States Federal Reserve hinted that it would raise interest rates throughout the year.
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Volatility has never been so high. After months of falling coin prices starting with bitcoin, the king of crypto, a slight rebound followed.
But since then the prices of digital currencies have been zigzagging, unable to exceed certain symbolic thresholds. Bitcoin, for example, is struggling to rise above $50,000 despite news that shows wider acceptance.
…Goldman Sachs has just taken a new step in the crypto-related services it offers. The establishment has just made the very first lending facility backed by bitcoin.
These transactions suggest that Goldman Sachs believes cryptocurrencies are stable enough to be vouched for by large financial institutions.
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Institutional investors have shifted their attention from Ethereum to competing layer-1 blockchains of late, with capital inflows for altcoin investment products increasing last week while Ether (ETH) products posted outflows for the third week in a row.
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Dubai, United Arab Emirates-based luxury real estate developer DAMAC Properties will soon begin accepting Bitcoin payments for the sale of property in the region, the company said in a Wednesday statement.
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We’re not in the throes of late-stage capitalism; we’re living through the late stages and the death rattle of the post-1971 fiat system. Mistaking the two (and basing solutions or policies on this mistake) is a recipe for counterproductive interventions and missed opportunities.
This is not a problem inherent to capitalism. It’s a fiat-currency problem. The binary is not capitalism vs. socialism; It’s fiat vs. sound money. Much of our politics now is concerned with solving the wrong problem and jamming our very real systemic flaws into completely inaccurate Cold War binaries.
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U.S. Rep. Jared Huffman (D-Calif.), who leads a subcommittee within the House of Representatives’ Natural Resources Committee, has recruited almost two dozen Democratic colleagues to urge federal environmental officials to devote further scrutiny to the consequences of cryptocurrency mining.
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Original Article By “Quoth The Raven” At ZeroHedge.com
The current fiat system has led to huge dollar imbalances and has enabled the US to live beyond its means at the expense of the rest of the world given our ability to borrow debt so cheaply. While Russia’s move into the Ukraine has strategic rationale for Russia including access to ports and commodities, we believe that this monetary issue is also a reason for Russia’s actions.
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Contrary to some predictions, Bitcoin is quickly becoming an accepted means of conducting transactions. Major companies like online retailer Overstock.com and mobile provider AT&T already allow customers to pay in bitcoin. And the list of businesses accepting bitcoin keeps growing every day.
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In an interview with Cointelegraph reporter Joe Hall last Tuesday, David Olsson, global head of institutional distribution at BlockFi, shared his insight on the state of institutional adoption of cryptocurrencies. BlockFi is a financial services company that offers retail wealth management products, such as crypto-backed loans, interest accounts, Bitcoin (BTC) rewards credit cards, etc. Meanwhile, for institutional investors, BlockFi’s proprietary platform provides financing for capital efficiency, the ability to borrow coins for hedging and shorting, and institutional-grade trading infrastructure.
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JPMorgan Chase stashed away hundreds of millions of dollars in cash amid growing fears that the U.S. economy will enter a recession, The Wall Street Journal reported.
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I'm a blogger, podcaster, and web design and business consultant. Economic freedom is my mission, so I talk about money, entrepreneurship, and I expose the corruption in the financial system.
