This Monday, Ethereum founder Vitalik Buterin posted a tweet on Twitter to advise his followers not to use very high-risk methods such as loans to buy cryptocurrencies. Buterin stated in a tweet, “Please don’t do such a thing. I would never recommend anyone borrow personal loans to buy ETH or other Ethereum assets. Seven years ago, before Ethereum was born, I had only a few thousand dollars in net worth. Despite this, I sold half of my bitcoin to ensure that even if the bitcoin fell to zero, I would not go bankrupt.”
When Buterin began to notice that investors used loans to invest in cryptocurrencies, we can be more and more certain that cryptocurrencies are receiving more and more attention. As of press time, according to ZB.com’s official market report, Bitcoin is currently reported at $19,362, a 24-hour increase of 0.03%, and the highest 24-hour price is about $19,567.
On the 15th, the well-known retail self-service machine company Coinstar added the Bitcoin ATM function of Bitcoin ATM operator Coinme to its 5,000 change sorters in the United States. According to data provided by Coinme CEO Neil Bergquist, the service is now available on nearly 25% of Coinstar’s self-service machines in 40 states in the United States. Bergquist said that 90% of Americans have a Coinstar self-service machine within five miles. Therefore, such cooperation provides an opportunity for most people in the United States to use cryptocurrency. Especially last year, Coinme has entered some of the most remote areas of the United States. In August of this year, it was accepted into Hawaii’s digital currency sandbox along with 11 other cryptocurrency exchanges. Bergquist said that Coinme is the only company that provides cash encryption services.
Also on the 15th, Square Crypto, a branch of the well-known mobile payment company Square, is conducting its eighth designer award grant. Portuguese software designer Patricia Estevao is an awardee of Square Crypto. According to her plan, UX designers will use the funds to study the user experience of Bitcoin payments, focusing on studying who will use Bitcoin and what obstacles may hinder their use. Estevao said that he is very happy to finally have an opportunity to study bitcoin users in depth, and this will definitely affect the design and decision-making in the future bitcoin ecosystem.
And another piece of news worth mentioning is that the well-known technology company Microsoft and its partner accounting firm Ernst & Young announced plans to use the blockchain platform. The blockchain platform enables Microsoft Xbox game partners, artists and content creators to track and manage payment and royalty contracts. This will be one of the largest applications of the blockchain-based accounting and financial system, which will manage the end-to-end process of Microsoft’s rights to Xbox game partners and usage fees. In creating new contracts, Microsoft will use artificial intelligence powered by Microsoft Azure, which can digitize contracts. The statement stated that the application has passed the immersion test phase used to measure the performance of a large number of applications, and the results show that the system is capable of processing 2 million transactions per day.
In the early hours of this morning, New York-based Quontic Bank has become the first FDIC insurance financial institution to launch a Bitcoin reward check program. The program includes a bitcoin reward debit card, mobile applications, access to ATMs, and mobile payment options like Google Pay and Apple Pay. But this must be approved by OCC (Office of Comptroller of Currency). In July of this year, the OCC allowed the National Chartered Bank of the United States to provide custody services for cryptocurrencies. Acting Auditor General Brian Brooks hinted that when Trump’s term ends, there will be a series of policies that are friendly to cryptocurrencies.
About ZB Group
ZB Group was founded in 2012 with the goal of providing leadership to the blockchain development space and today manages a network that includes digital assets exchanges, wallets, capital ventures, research institutes, and media. The Group’s flagship platform is ZB.com, the industry leading digital asset exchange. The platform launched in early 2013 and boasts one of the world’s largest trading communities.
ZB Group also includes ZBG the innovative crypto trading platform, and BW.com, the world’s first mining-pool based exchange. Other holdings include wallet leader BitBank.
Industry intelligence and standards are headed by the recently launched ZB Nexus who embody the core values of ZB Group and open-source their reports and analysis for the public.
Learn more about ZB Group by visiting www.zb.com.