BCH

Biggest Movers: WAVES Falls to 1-Month Low, BCH Over 10% Higher on Wednesday

13/04/2022 by Idelto Editor

WAVES fell to a one-month low during Wednesday’s trading session, as prices dropped for a second consecutive session. This came as BCH rallied by over 10% on hump-day, hitting a five-day high in the process. Overall, the crypto market cap is 1.17% higher as of writing.

Bitcoin Cash (BCH)

As crypto prices slowly began to rise on Wednesday, BCH was easily one of the day’s biggest gainers.

Following a low of $295.20 on Tuesday, BCH/USD rose to an intraday high of $332.87 during today’s session.

This is the highest level BCH has traded at within the last week, and comes despite its value trading over 4% lower within the same period.

Recent momentum in the market has seen prices decline, with BCH trading lower for the last seven out of ten sessions.

However, following two consecutive days of gains, BCH is now trading at resistance of $335, with the RSI also hovering below its own ceiling.

This level would be the 50.4 point, which has historically been an area of uncertainty, and birthed several bearish runs.

Despite this, bulls could be looking to breach this ceiling, and target the $360 area.

WAVES

WAVES fell by as much as 11% during today’s session, however losses somewhat eased as bulls returned to crypto markets this afternoon.

Following a run which has seen it drop for ten of the last twelve sessions, WAVES has now fallen to its lowest level since March.

As of writing, WAVES/USD hit an intraday low of $20.48, which is its lowest point since March 7, and comes as its recent floor was also broken.

This support point is the $25.10 level, and with recent momentum still bearish, some expect WAVES to fall to a lower floor of $16.50.

The price of WAVES is also currently oversold according to the RSI indicator, and is trading at its own support of 33.80, which is the lowest it has tracked since early February.

However, should this floor break, then we will likely see all of the gains from March wiped out in the space of two to three weeks.

What do you believe is behind the recent drop in WAVES? Let us know your thoughts in the comments.

Tracker Shows Close to 3,000 Crypto ATMs Were Installed in 2022’s First Quarter

02/04/2022 by Idelto Editor

During the last 12 months, there’s been an exponential number of cryptocurrency automated teller machines (ATMs) installed as data shows that 20,000 crypto ATMs were installed last year. This year machines are still being installed in great numbers and since December 30, there have been 2,759 machines added to the list of 36,659 crypto ATMs worldwide.

Crypto ATM Installations Jump More Than 8% Since December 30

Today, according to the crypto ATM tracker coinatmradar.com, there’s approximately 36,659 crypto ATMs hosted in 76 different countries. Crypto ATM numbers have grown significantly over the years, and 2021 saw the largest annual increase so far, with more than 20,000 machines added during the year.

As the first quarter of 2022 has come to an end, data from coinatmradar.com indicates there are 36,659 crypto ATMs available. On December 30, 2021, Bitcoin.com News reported that there were 33,900 crypto ATMs, which means that over the last 93 days, 2,759 crypto ATMs have been installed across the globe.

That’s an 8.13% increase since December 30, and currently, there are 612 operators managing the 36,659 machines. Operators include Bitcoin Depot, Coin Cloud, Coinflip, and Bitcoin of America. Additionally, there are 43 crypto ATM producers with manufacturers like Genesiscoin, General Bytes, Bitaccess, Coinsource, Bitstop, and more.

The Manufacturer Genesis Coin, the Operator Bitcoin Depot, and the US Lead the Pack in Terms of Crypto ATM Activity

The top operator in terms of the most crypto ATMs is Bitcoin Depot with 7,001 installed worldwide. Coin Cloud is the second-largest operator with 5,198 crypto ATMs in operation. While Bitcoin Depot commands 19.1% of the 36,659 machines installed, Coin Cloud captures 14.2%.

Coinatmradar.com also shows a map of where all the crypto ATMs are located and what type of crypto asset the machines support. For instance, crypto ATMs support bitcoin, ethereum, bitcoin cash, litecoin, dash, monero, zcash, dogecoin, tether, and xrp.

The crypto ATM tracker site also shows that most of the machines are located in the United States, as the country hosts 32,623 crypto ATMs. The country with the second-largest number of crypto ATMs is Canada with 2,439 locations. The U.S. and Canada are followed by Spain (225), El Salvador (204), Poland (180), and Switzerland (147).

As far as crypto ATM installations by manufacturer, Genesis Coin commands 41.6% of the world’s share of crypto ATMs installed. General Bytes is the second leading manufacturer in terms of crypto ATM installations, with 21.4% of the global share. Genesis Coin and General Bytes are followed by Bitaccess (15.2%), Coinsource (5.3%), Bitstop (4.6%), Bytefederal (3.7%), and “other” manufacturers (8.2%).

What do you think about the number of crypto ATMs worldwide today and the increase during the first quarter? Let us know what you think about this subject in the comments section below.

Member of St. Maarten’s Parliament Plans to Have His Entire Salary Paid in Bitcoin Cash

19/03/2022 by Idelto Editor

On Saturday, the leader of the United People’s Party and member of St. Maarten’s Parliament, Rolando Brison, announced that he’s become the first elected official to request his entire salary paid in bitcoin cash. Brison believes St. Maarten can be the “Crypto Capital of the Caribbean,” as long as his country continues to embrace blockchain technology and cryptocurrency solutions.

MP Wants St. Maarten to Become the ‘Crypto Capital of the Caribbean’

While El Salvador is known for its bitcoin tender law, the Caribbean has become a hotbed for cryptocurrency adoption and more specifically with bitcoin cash (BCH). Data from map.bitcoin.com shows there are currently hundreds of merchants in the Caribbean accepting BCH for goods and services. On March 19, a member of St. Maarten’s Parliament and the leader of the United People’s Party (UP Party St. Maarten), Rolando Brison, announced that he is receiving his entire salary in bitcoin cash (BCH).

The government official believes that St. Maarten should continue its path toward delving “into the ever-growing cryptocurrency phenomenon.” Brison insisted during his announcement that he has requested St. Maarten’s finance minister Ardwell Irion to update him on plans for using blockchain technology in government. “I believe St. Maarten has a chance to be the ‘Crypto Capital of the Caribbean’ if we continue to innovate and embrace cryptocurrency and all the benefits of blockchain technology,” Brison explained in a statement on Saturday.

Brison Is ‘Exploring Legislation in Order to Make Bitcoin Cash Legal Tender in St. Maarten’

On Twitter, the St. Maarten elected official told his followers that he was the first member of the government to get his entire salary in crypto asset payments. “Today I become to first elected official in the world to have his entire salary paid in bitcoin cash, as our country moves more and more to making use of cryptocurrency and blockchain,” Brison tweeted. “Thanks [Roger Ver] for the guidance in making St Maarten the Crypto Capital of the Caribbean,” the St. Maarten UP Party leader added.

During the announcement, Brison noted that during a conference last year, St. Maarten’s finance minister said that crypto and blockchain adoption was a priority area to research. Brison remarked that he appreciated the finance minister’s ideas of moving toward innovation. The UP Party leader said that the next important step was to introduce cryptocurrency and blockchain legislation.

“While we need to improve our legacy forms of commercial banking by means of my proposed consumer banking legislation, we simultaneously need create legislation to make cryptocurrency transactions even more effective and worthwhile in St. Maarten,” Brison explained. The member of St. Maarten’s Parliament added that he has started to explore legislation to make bitcoin cash (BCH) legal tender in the country. Furthermore, Brison aims to get BCH and non-fungible token (NFT) transactions exempt from St. Maarten’s capital gains tax.

“The concept of ‘Money’ has been experiencing and will continue to experience a wave of innovation,” the St. Maarten elected official added. “This innovation comes as we as a country and as Parliamentarians are faced with more questions on how to adapt our local currency and (E)commerce for a digital world. Fortunately, the answer lies right in front of us – Bitcoin Cash.”

What do you think about the St. Maarten UP Party leader and Parliament member Rolando Brison getting his entire salary paid in bitcoin cash? Let us know what you think about this subject in the comments section below.

New Exclusive Slot Game — ‘Bitcoin Rocket’ Open for Play With a $10,000 Tournament

07/03/2022 by Idelto Editor

Bitcoin.com releases Bitcoin Rocket — an extremely fun exclusive slot game playable only on games.bitcoin.com!

🚀New high-octane slot game with amazing visuals and retro music🚀

Bitcoin’s rocket to the moon is the single most identifiable meme in the cryptocurrency universe. So, it was only natural that our very own premium gaming portal Bitcoin.com Games would release a title that embodies this meme. Bitcoin Rocket – the newest exclusive slot game from the casino, promises an engaging experience for crypto enthusiasts and guarantees a level of thrill never before felt in the realm of online casinos.

The Bitcoin Rocket slot enacts the possibility of Bitcoin going to the proverbial moon with elements such as an astronaut representing a crypto ‘hodler’, the rocket itself as a vehicle of price gain, and the moon acting as the target price speculated by the crypto holding astronaut. The game also features its own Progressive Jackpot which often gets very big, very fast – currently worth 25 BTC, as it grows with each bet any player makes on the slot.

Bitcoin Rocket has a progressive jackpot that is currently worth 25 BTC!

Bitcoin.com Games has also launched 4 weekly tournaments with a total prize pool of $8,000 to reward players who bet the most on Bitcoin Rocket during the promotional period. At the end of the promotion, a $2,000 raffle will dish out cash prizes to 10 lucky players who were successful in securing a position on any of the 4 weekly leaderboards.

The launch of this newest exclusive slot game by Bitcoin.com presents an excitingly rewarding opportunity for you to play Bitcoin Rocket to your heart’s content. A total of 50 players are set to receive cash prizes throughout the duration of the promotion, and you could easily be one of them to secure a lion’s share of the $10,000 cash loot!

Bitcoin.com Games has been growing in popularity ever since its inception earlier in 2016. The premium gaming platform offers high-quality games combined with a smooth user experience and has quickly become one of the most popular crypto casinos to gamble on with BTC & BCH.

The Bitcoin Rocket slot game is now available to play exclusively on Bitcoin.com Games.

What do you think about the Bitcoin Rocket slot game? Have you visited Bitcoin.com Games recently? Let us know what you think about this subject in the comments section below.

Streaming Service Sling TV Adds Crypto Payment Support for Monthly Subscriptions

22/02/2022 by Idelto Editor

The American streaming television service Sling TV has announced the company is now accepting cryptocurrency payments from customers paying their monthly subscriptions. Sling TV detailed the company is leveraging the crypto payment provider Bitpay and will accept seven different cryptocurrencies and five stablecoins.

Sling TV to Accept Crypto Assets for Monthly subscription Services

Sling TV LLC, has revealed that it has partnered with the Atlanta-based cryptocurrency payments provider Bitpay and will accept a variety of crypto assets for monthly subscription payments. Sling is a streaming television service provider that offers a selection of channels competing cable providers do not. The company is a subsidiary of Dish Network, the direct-broadcast satellite provider that also accepts crypto payments for subscription services. Data from cordcuttersnews.com indicates that Sling surpassed 2.55 million subscribers in September 2021.

By offering over-the-top (OTT)-originated services via web browsers, smart TVs, digital media players, Sling says it offers different benefits. Accepting crypto exemplifies the company’s desire to bring “choice and convenience to its check-out process,” Sling’s announcement notes. Sling television monthly subscribers can pay for their subscription with bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), wrapped bitcoin (WBTC), dogecoin (DOGE), and litecoin (LTC). Additionally, Sling clients can opt to pay with the stablecoins GUSD, USDC, USDP, DAI, and BUSD.

Sling TV’s announcement says:

Beginning this week, Sling TV subscribers can use cryptocurrency to pay for their monthly subscription. Through the payment provider Bitpay, users can now select and pay for their favorite digital streaming service with their preferred digital currency – whether it’s bitcoin, ethereum or dogecoin.

The streaming television service Sling follows a slew of companies adding crypto payment support during the last 12 months. Over the last year, well known brands such as Universal Air Travel Plan (UATP), Sheetz convenience stores, Phillips Auction House, Verifone, Sotheby’s, RM Sotheby’s, American Residential Warranty (ARW), and Tifon gas stations have added crypto payment support. In mid-January this year, a survey conducted by Visa indicates that one in four businesses polled planned to accept crypto payments this year.

Currently, Sling TV customers with an existing monthly subscription can pay with digital currencies. New users have to pay with a traditional payment method one time and then the next month the crypto payment option will be made available to the monthly subscriber. “Sling customers can only make one monthly, manual payment with Bitpay, but will have the choice to prepay for one to six months at a time,” Sling’s summary of the new payment system concludes.

What do you think about Sling TV accepting crypto assets for monthly subscription payments? Let us know what you think about this subject in the comments section below.