Paying With Cryptocurrency? 🕵️♂️
There are many ways that paying with cryptocurrency is different from paying with a credit card or other traditional payment methods.
Some information about your transactions will likely be public. People talk about cryptocurrency transactions as anonymous. But the truth is not that simple. Cryptocurrency transactions will typically be recorded on a public ledger, called a “blockchain.” That’s a public list of every cryptocurrency transaction — both on the payment and receipt sides. Depending on the blockchain, the information added to the blockchain can include details like the transaction amount, as well as the sender’s and recipient’s wallet addresses. It’s sometimes possible to use transaction and wallet information to identify the people involved in a specific transaction. And when you buy something from a seller who collects other information about you, like a shipping address, that information can also be used to identify you later on.
There are many ways that paying with cryptocurrency is different from paying with a credit card or other traditional payment methods.
Some information about your transactions will likely be public. People talk about cryptocurrency transactions as anonymous. But the truth is not that simple. Cryptocurrency transactions will typically be recorded on a public ledger, called a “blockchain.” That’s a public list of every cryptocurrency transaction — both on the payment and receipt sides. Depending on the blockchain, the information added to the blockchain can include details like the transaction amount, as well as the sender’s and recipient’s wallet addresses. It’s sometimes possible to use transaction and wallet information to identify the people involved in a specific transaction. And when you buy something from a seller who collects other information about you, like a shipping address, that information can also be used to identify you later on.
📰 SEC Flags Terraform Labs’ $166 Million Payment to Lawyers – What’s Going On?
The United States Securities and Exchange Commission (SEC) has flagged Terraform Labs $166 million in payments to Denton since 2023.
In a new filing, the financial regulator opposed the retainer payment to the law firm arguing that Terraform Labs should not retain their services during the trial, Reuters reported.
SEC Suggests Funds Should be Used to Settle Investors
The regulator suggests that the sum could be channeled to repay creditors and investors who lost assets after the bankruptcy filing.
Terraform Labs had previously asked the court to grant permission to hire Dentons as special counsel with a cost hitting $6.3 million. The legal fees include a $3.25 million earmarked for employees’ legal bills. Other payments by the firm include $1.3 million for a pending lawsuit in the UK.
The United States Securities and Exchange Commission (SEC) has flagged Terraform Labs $166 million in payments to Denton since 2023.
In a new filing, the financial regulator opposed the retainer payment to the law firm arguing that Terraform Labs should not retain their services during the trial, Reuters reported.
SEC Suggests Funds Should be Used to Settle Investors
The regulator suggests that the sum could be channeled to repay creditors and investors who lost assets after the bankruptcy filing.
Terraform Labs had previously asked the court to grant permission to hire Dentons as special counsel with a cost hitting $6.3 million. The legal fees include a $3.25 million earmarked for employees’ legal bills. Other payments by the firm include $1.3 million for a pending lawsuit in the UK.
ℹ️ Understanding Bitcoin
On Jan. 3, 2009, the first Bitcoin block was mined—Block 0. This is also known as the "genesis block" and contains the text: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks," perhaps proof that the block was mined on or after that date, and maybe also as relevant political commentary.4
Bitcoin rewards are halved every 210,000 blocks. For example, the block reward was 50 new bitcoins in 2009. On May 11, 2020, the third halving occurred, bringing the reward for each block discovery down to 6.25 bitcoins.5
One bitcoin is divisible to eight decimal places (100 millionths of one bitcoin), and this smallest unit is referred to as a satoshi. If necessary, and if the participating miners accept the change, Bitcoin could eventually be made divisible to even more decimal places.
Bitcoin, as a form of digital currency, isn't too complicated to understand. For example.
On Jan. 3, 2009, the first Bitcoin block was mined—Block 0. This is also known as the "genesis block" and contains the text: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks," perhaps proof that the block was mined on or after that date, and maybe also as relevant political commentary.4
Bitcoin rewards are halved every 210,000 blocks. For example, the block reward was 50 new bitcoins in 2009. On May 11, 2020, the third halving occurred, bringing the reward for each block discovery down to 6.25 bitcoins.5
One bitcoin is divisible to eight decimal places (100 millionths of one bitcoin), and this smallest unit is referred to as a satoshi. If necessary, and if the participating miners accept the change, Bitcoin could eventually be made divisible to even more decimal places.
Bitcoin, as a form of digital currency, isn't too complicated to understand. For example.
Referral Program
Bitstape Referral Program is a return to all our loyal users who also recommend Bitstape to others.
The program aims to provide an easier referral system where users can earn stars through referrals, and stars can be exchanged for prizes. Bitstape Referral Program launched its open beta testing on November 25, with 10 prizes waiting for you to unlock.
Each Bitstape user will have a unique referral link/code. With this link/code, referrers can earn commissions from referees on both Spot market and Futures market at the same time.
Please check below for commissions earning eligibility regarding your existing referees (those who registered with your referral link/code before the program upgrade).
Commissions will be generated every 24 hours (00:00 - 24:00 UTC).
Users and channel partners whose behaviors violated Bitstape Risk Control Rules will be ineligible for any commissions
Join Referral Program
Bitstape Referral Program is a return to all our loyal users who also recommend Bitstape to others.
The program aims to provide an easier referral system where users can earn stars through referrals, and stars can be exchanged for prizes. Bitstape Referral Program launched its open beta testing on November 25, with 10 prizes waiting for you to unlock.
Each Bitstape user will have a unique referral link/code. With this link/code, referrers can earn commissions from referees on both Spot market and Futures market at the same time.
Please check below for commissions earning eligibility regarding your existing referees (those who registered with your referral link/code before the program upgrade).
Commissions will be generated every 24 hours (00:00 - 24:00 UTC).
Users and channel partners whose behaviors violated Bitstape Risk Control Rules will be ineligible for any commissions
Join Referral Program
What Is Ethereum?
At its core, Ethereum is a decentralized global software platform powered by blockchain technology. It is most commonly known for its native cryptocurrency, ether (ETH).
Ethereum can be used by anyone to create any secured digital technology. It has a token designed to pay for work done supporting the blockchain, but participants can also use it to pay for tangible goods and services if accepted.
Ethereum is designed to be scalable, programmable, secure, and decentralized. It is the blockchain of choice for developers and enterprises creating technology based upon it to change how many industries operate and how we go about our daily lives.
It natively supports smart contracts, an essential tool behind decentralized applications. Many decentralized finance (DeFi) and other applications use smart contracts in conjunction with blockchain technology.
Learn more about Ethereum.
At its core, Ethereum is a decentralized global software platform powered by blockchain technology. It is most commonly known for its native cryptocurrency, ether (ETH).
Ethereum can be used by anyone to create any secured digital technology. It has a token designed to pay for work done supporting the blockchain, but participants can also use it to pay for tangible goods and services if accepted.
Ethereum is designed to be scalable, programmable, secure, and decentralized. It is the blockchain of choice for developers and enterprises creating technology based upon it to change how many industries operate and how we go about our daily lives.
It natively supports smart contracts, an essential tool behind decentralized applications. Many decentralized finance (DeFi) and other applications use smart contracts in conjunction with blockchain technology.
Learn more about Ethereum.
Coinbase Faces Technical Issues as Trading Volume Surges, Some Users See $0 Balances
Coinbase’s trading platform is once again encountering technical problems amid heavy trading activity in the cryptocurrency market, with some users experiencing issues such as displaying a $0 account balance.
In response to these issues, Coinbase reassured users that their funds are safe and stated that its team is actively investigating the situation. Despite the technical glitches, trading functionality has not been affected at this time.
Coinbase’s trading platform is once again encountering technical problems amid heavy trading activity in the cryptocurrency market, with some users experiencing issues such as displaying a $0 account balance.
In response to these issues, Coinbase reassured users that their funds are safe and stated that its team is actively investigating the situation. Despite the technical glitches, trading functionality has not been affected at this time.
The Future of Ethereum
Ethereum’s transition to the proof-of-stake protocol, which enables users to validate transactions and mint new ETH based on their ether holdings, is part of a significant upgrade to the Ethereum platform. Previously called Eth2, this upgrade is now referred to only as Ethereum. However, Ethereum now has two layers. The first layer is the execution layer, where transactions and validations occur. The second layer is the consensus layer, where attestations and the consensus chain is maintained.
The upgrade added capacity to the Ethereum network to support its growth, which will eventually help to address chronic network congestion problems that have driven up gas fees.
Ethereum’s transition to the proof-of-stake protocol, which enables users to validate transactions and mint new ETH based on their ether holdings, is part of a significant upgrade to the Ethereum platform. Previously called Eth2, this upgrade is now referred to only as Ethereum. However, Ethereum now has two layers. The first layer is the execution layer, where transactions and validations occur. The second layer is the consensus layer, where attestations and the consensus chain is maintained.
The upgrade added capacity to the Ethereum network to support its growth, which will eventually help to address chronic network congestion problems that have driven up gas fees.
Bitcoin Returns To All-Time High In Canadian Dollar After PM Said It “Destroyed” People’s Life Savings
The price of Bitcoin (BTC) now trades at an all-time high against the Canadian dollar roughly seventeen months after the nation’s leader slammed digital currencies as an “irresponsible” investment.
The asset soared to over $91,500 CAD when the stock market opened on Monday, shattering its previous record of $86,954 established on November 10, 2021. Ten months later, a slew of high-profile corporate crypto failures sent BTC crashing back to $26,000 CAD, which made a great headline for its political detractors.
The price of Bitcoin (BTC) now trades at an all-time high against the Canadian dollar roughly seventeen months after the nation’s leader slammed digital currencies as an “irresponsible” investment.
The asset soared to over $91,500 CAD when the stock market opened on Monday, shattering its previous record of $86,954 established on November 10, 2021. Ten months later, a slew of high-profile corporate crypto failures sent BTC crashing back to $26,000 CAD, which made a great headline for its political detractors.
VIP Program
No matter which VIP tier you are in other exchanges, you will be upgraded to 1 tier higher in Bitstape. This is a surprise from Bitstape
Users who are VIP in other exchanges can be offered a VIP tier. Just head over to the VIP page and submit a screenshot of your last 30-days trading volume in the link to connect directly with account manager.
An account manager will contact users within 24 hours who meet application requirements
Email vip@bitstape.com to get your questions answered
VIP Requirements:
Join VIP Program
No matter which VIP tier you are in other exchanges, you will be upgraded to 1 tier higher in Bitstape. This is a surprise from Bitstape
Users who are VIP in other exchanges can be offered a VIP tier. Just head over to the VIP page and submit a screenshot of your last 30-days trading volume in the link to connect directly with account manager.
An account manager will contact users within 24 hours who meet application requirements
Email vip@bitstape.com to get your questions answered
VIP Requirements:
Join VIP Program
Bitcoin Price Prediction as BTC Hits $70,000 and Retraces – What’s Going On?
Bitcoin‘s recent trading activity presents a fascinating case for price predictions as the digital currency hovers around $68,100, marking an increase of 1.50% on Saturday.
The cryptocurrency landscape is abuzz with investor anticipation as Bitcoin inches closer to the significant $70,000 threshold, suggesting a potentially bullish future.
This movement echoes the momentum within the sector, spurred by recent exchange-traded fund (ETF) approvals.
With the pivotal $68,000 level now acting as a fulcrum for its value, Bitcoin’s market behavior continues to be a bellwether for crypto enthusiasts and investors alike, signaling a crucial juncture for its forthcoming financial journey.
Bitcoin‘s recent trading activity presents a fascinating case for price predictions as the digital currency hovers around $68,100, marking an increase of 1.50% on Saturday.
The cryptocurrency landscape is abuzz with investor anticipation as Bitcoin inches closer to the significant $70,000 threshold, suggesting a potentially bullish future.
This movement echoes the momentum within the sector, spurred by recent exchange-traded fund (ETF) approvals.
With the pivotal $68,000 level now acting as a fulcrum for its value, Bitcoin’s market behavior continues to be a bellwether for crypto enthusiasts and investors alike, signaling a crucial juncture for its forthcoming financial journey.
Ethereum vs. Bitcoin
Ethereum is often compared to Bitcoin. While the two cryptocurrencies have many similarities, there are some some important distinctions.
Ethereum is described by founders and developers as “the world’s programmable blockchain,” positioning itself as an electronic, programmable network with many applications. The Bitcoin blockchain, by contrast, was created only to support the bitcoin cryptocurrency.
The Ethereum platform was founded with broad ambitions to leverage blockchain technology for many diverse applications. Bitcoin was designed strictly as a payment method.
The maximum number of bitcoins that can enter circulation is 21 million. The amount of ETH that can be created is unlimited, although the time it takes to process a block of ETH limits how much ether can be minted each year. The number of Ethereum coins in circulation is more than 122 million.
Ethereum is often compared to Bitcoin. While the two cryptocurrencies have many similarities, there are some some important distinctions.
Ethereum is described by founders and developers as “the world’s programmable blockchain,” positioning itself as an electronic, programmable network with many applications. The Bitcoin blockchain, by contrast, was created only to support the bitcoin cryptocurrency.
The Ethereum platform was founded with broad ambitions to leverage blockchain technology for many diverse applications. Bitcoin was designed strictly as a payment method.
The maximum number of bitcoins that can enter circulation is 21 million. The amount of ETH that can be created is unlimited, although the time it takes to process a block of ETH limits how much ether can be minted each year. The number of Ethereum coins in circulation is more than 122 million.
JPMorgan Expects $62 Billion Bitcoin Spot ETFs Market Over 2 To 3 Years
J.P. Morgan believes Bitcoin spot ETFs likely won’t see much AUM growth in the long term based on valuations of the asset next to gold.
Analysts led by Nikolaos Panigirtzoglou wrote that Bitcoin ETFs, when assessed as a substitute for gold and adjusted for volatility, have an implied “realistic size” of $62 billion over the next two to three years.
JPMorgan Bearish On Bitcoin
That’s a less optimistic target than what more bullish crypto analysts project for the ETFs, which have already absorbed $9.3 billion of net flows since their launch 2 months ago. Combined with Bitcoin’s price appreciation since that time, ETFs including Grayscale have seen their AUM rise from $30 billion to over $50 billion.‼️
J.P. Morgan believes Bitcoin spot ETFs likely won’t see much AUM growth in the long term based on valuations of the asset next to gold.
Analysts led by Nikolaos Panigirtzoglou wrote that Bitcoin ETFs, when assessed as a substitute for gold and adjusted for volatility, have an implied “realistic size” of $62 billion over the next two to three years.
JPMorgan Bearish On Bitcoin
That’s a less optimistic target than what more bullish crypto analysts project for the ETFs, which have already absorbed $9.3 billion of net flows since their launch 2 months ago. Combined with Bitcoin’s price appreciation since that time, ETFs including Grayscale have seen their AUM rise from $30 billion to over $50 billion.‼️
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Use a wide range of promotional assets offered by Bitstape, such as trading widgets, chart widgets, screenshots, banners, logos and content. Create a lasting impression on your visitors by using the assets provided by Bitstape. Easy to implement, free to use.
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Monetize your influence
Get paid to share your passion for crypto. Share bitstape.com with your community to start earning.
Enjoy guaranteed payouts
Earn $20 when your referrals complete $250 in trades within 30 days of completing account verification.
Maximize your earnings
Active users keep our platform healthy. We offer additional earning opportunities to top Affiliates who bring in more active traders.
Promotional Assets
Use a wide range of promotional assets offered by Bitstape, such as trading widgets, chart widgets, screenshots, banners, logos and content. Create a lasting impression on your visitors by using the assets provided by Bitstape. Easy to implement, free to use.
Outstanding Reputation
Confidently share your affiliate link with your friends, thanks to the good reputation of Bitstape.
Join affilliate