Lastbit’s Wallet Hopes to Make Spending Bitcoin Simple One Day – Bitcoin Magazine

Lastbit, a Berkeley-based startup, has announced the beta launch of their Bitcoin and Lightning-enabled wallet. The company claims that their new solution is meant to address three critical problems preventing Bitcoin’s mass adoption:  price volatility, slow transactions, and technical complexities. Their solution for all of those problems seems simple:  allow the merchants to be paid in fiat when you want to spend with your bitcoin by just using a debit or credit card. The backbone of lastbit’s wallet is the fact that the app allows you to generate virtual credit…

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Bolstering Separation of Money and State Following the 244th Independence Day

With the fourth of July approaching, many Americans will have to contemplate whether or not the holiday is an empty affair. After the last thirteen weeks of Covid-19 lockdowns, business shutdowns, and police brutality, the lack of liberty and freedoms in the U.S. has never been more apparent. With ideas like bitcoin and concepts that bolster secession, the day is coming when money is completely removed from the state, just as the state was separated from the church centuries ago. Roughly six days prior to the empty holiday, as I…

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Wild Weekend for Bitcoin Price? US Lockdown Loosens on Memorial Day

Since dropping below the ascending channel trendline to $8,815 on May 21, Bitcoin (BTC) price has recovered 4.78%. BTC/USD continues to meet resistance at the 20-day moving average, obstructing traders’ desire to push the price above $9,300.  Crypto market weekly price chart. Source: Coin360 In the United States, this weekend includes the Memorial Day holiday, meaning traditional markets will be closed on Monday and the crypto market will be left to its own devices.  Typically trading volume thins on weekends so investors who find time to step away from the…

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Robinhood Looks to Win Back Users Angry Over System Outage on Historic Market Day

Crypto and trading app Robinhood has begun taking action to reconcile with users affected by technical problems that sidelined them during the biggest one-day point gain in the history of the Dow Jones Industrial Average. On March 23, Robinhood reportedly emailed affected users to apologize for the incident and demonstrate its intention to rebuild customers’ trust in the form of credits, with the dollar amount to be determined on a case-by-case basis. Will users get reimbursement? A spokesperson for Robinhood told Cointelegraph that after reviewing customers’ emails and accounts, Robinhood…

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Crypto Exchanges Overwhelmed on Bitcoin’s Most Volatile Day of the Year

Binance chief Changpeng Zhao referred to it as “Bloodbath day,” and many in the cryptosphere will echo those sentiments, as fallout from the COVID-19 pandemic reverberates through global markets. As crypto exchanges were thronged by frantic traders looking to capitalize on – or seek refuge from – the unprecedented market dump, several platforms buckled under the pressure. Also read: Market Update: Global Economy Jolts Bitcoin, Overall Crypto Cap Loses $50B Exchanges Struggle as Traders Get Busy A panic-stricken sell-off of bitcoin and other risk-on digital assets has led to a…

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