Home Bitcoin Bitcoin News Summary – November 18, 2019

Bitcoin News Summary – November 18, 2019

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Payments app, Fold now permits customers to e-book AirBNB lodging utilizing Bitcoin and Lightning funds. Users may even obtain 3% again in Bitcoin for his or her bookings, in addition to for purchases from Fold’s different companions, together with some huge-identify retailers like Amazon, Starbucks and Uber.

BitGo, the crypto pockets and custodian, stated that 20% of Bitcoin transactions go by its providers. While this raises centralization considerations, the corporate countered by saying customers can decide to retain their personal keys.

In a latest report, the US Federal Reserve addressed stablecoins, saying that whereas they will create higher cost programs for shoppers, the potential for a stablecoin quickly gaining world scale threatens central financial institution management over cash. Meanwhile, the most important and finest-recognized stablecoin, Tether, is planning to introduce a brand new stablecoin pegged by the worth of gold. The coin might be absolutely backed by gold reserves and ought to be out there earlier than the top of this 12 months. 

And lastly, a collaboration between nameless customers, the so-known as “Unknown Fund” is elevating $75 million to advertise improvement of initiatives which might improve Bitcoin privateness. 

That’s what’s occurred this week in Bitcoin. See you subsequent week. 

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