Growing Satoshi’s Dream: Getting Crypto into Venues While Avoiding Big Credit Card Companies by ERIN GORSLINE

A Different Approach to Real-world Adoption

Maybe you’ve heard of cryptocurrency point of sale (POS) systems like the TenX & Monaco cards and thought they were the future of getting crypto in brick and mortar shops. Well, they still rely on Visa and other big name credit card companies to function.

While companies like these are still a step in the right direction for the mass-adoption of crypto, some POS systems take it one step further and put Bitcoin directly in the hands of merchants. They eliminate the need for credit card companies – one of Satoshi’s original dreams for Bitcoin. Who are they? Let’s find out.

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Bitcoin Rebound

The so-called Williams %R Indicator moves between 0 and -100 and measures overbought and oversold levels for traders searching for entry and exit points. A mark under -80 means oversold, which Bitcoin is currently showing. The last time Bitcoin hit this mark, it rallied 22 percent, to $7,361 from $6,017. It was trading at $6,502.73 as of 12:23 p.m. New York time Friday.

Because the indicator can be prone to false signals, people typically use it along with other analysis to decide on market moves. If Bitcoin does not take out its previous high of $7,316, it will remain in its downward trend, technical analysis shows.

Either way, Bitcoin bulls may be taking comfort in the optimistic views. The virtual currency is on pace to finish higher this week.

Source: Bloomberg


The 10 Most Important Cryptocurrencies Other Than Bitcoin

Bitcoin has not just been a trendsetter, ushering in a wave of cryptocurrencies built on a decentralized peer-to-peer network, it’s become the de facto standard for cryptocurrencies​, inspiring an ever-growing legion of followers and spinoffs.

What is cryptocurrency and altcoin?

Before we take a closer look at some of these alternatives to bitcoin, let’s step back and briefly examine what we mean by terms like cryptocurrency and altcoin. A cryptocurrency, broadly defined, is virtual or digital money which takes the form of tokens or “coins.” While some cryptocurrencies have ventured into the physical world with credit cards or other projects, the large majority remain entirely intangible. The “crypto” in cryptocurrencies refers to complicated cryptography which allows for a particular digital token to be generated, stored, and transacted securely and, typically, anonymously. Alongside this important “crypto” feature of these currencies is a common commitment to decentralization; cryptocurrencies are typically developed as code by teams who build in mechanisms for issuance (often, although not always, through a process called “mining”) and other controls. Cryptocurrencies are almost always designed to be free from government manipulation and control, although as they have grown more popular this foundational aspect of the industry has come under fire. The currencies modeled after bitcoin are collectively called altcoins and have tried to present themselves as modified or improved versions of bitcoin. While some of these currencies are easier to mine than bitcoin is, there are tradeoffs, including greater risk brought on by lesser liquidity, acceptance and value retention. (For more, see our guides on bitcoin mining and bitcoin regulation.)

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Crypto Wipeout Deepens to $640 Billion as Ether Leads Declines

The cryptocurrency bear market plumbed a fresh 10-month low on Monday as Bitcoin’s biggest rival tumbled and U.S. regulators suspended trading in two securities linked to digital assets.

Ether, the second-largest virtual currency, slumped 11 percent from its level at 5 p.m. New York time on Friday, according to Bloomberg composite pricing. Bitcoin declined 2.4 percent, while the market capitalization of digital assets tracked by shrank to about $197 billion -- down almost $640 billion from its January peak.

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Fiat Currency and How is it Different From Cryptocurrency

Fiat money (or fiat currency) is currency that a government has declared to be legal tender. Cryptocurrency is not legal tender and not backed by a government.[1][2]

Fiat roughly means, “let it be done.” Cryptocurrency implies, “a decentralized and digital medium of exchange governed by cryptography.” Both are currencies, but there are some notable differences:

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