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Little Choice Left for US Residents Seeking a Reliable Crypto Debit Card
The email doesn’t give any details as to why the crypto card service program is coming to an end. News.Bitcoin.com reached out to Shift support but has yet to receive a reply concerning the matter. Shift was partnered with Metropolitan Commercial Bank, a financial provider known for its partnerships with other cryptocurrency service providers. The move leaves the U.S. Shift customers in 46 states with only one reliable option, the Bitpay Visa card. Although there are other lesser known card operations in the works, none of them are worth discussing because some of the projects lack a physical card right now and others haven’t been around long enough to be reviewed.
U.S. residents have very little options for crypto-to-debit cards.
Other well-known cryptocurrency debit card service providers like Wirex, Uquid, Cryptopay, and Spectrocoin only cover the EU region and various non-U.S. countries. Customers from Europe have also had issues with crypto card operators in the past when Wavecrest Holdings, another known crypto banking provider, stopped offeringcrypto-to-debit services to EU residents. Some card operations have never returned while other companies quickly found replacement banking partners.
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It's Raining Money in Hong Kong Thanks to Alleged Crypto MillionaireA Hong Kong neighborhood got the surprise of a lifetime recently: a young man was throwing HKD 100 (cca. USD 12.80) bills from a rooftop to the genera
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JohnWick Lab: Cryptopia Still Suffered from Attacks, with 28773 ETH StolenCryptopia, a Newzland crypto exchange, was attacked by hackers, losing about 19,390.6 ETH. However, JohnWick Lab has found out that there are still capitals transferred to the hackers' wallet, which might be the leak of the private key of the exchange's hot wallet or the users' deposit wallets. Then
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New Zealand-based Cryptopia to support upcoming ETH Constantinople hardforkAnother exchange announced their support of the long-awaited Ethereum hardfork, Constantinople.As the date for Ethereum’s Constantinople hardfork approaching, New Zealand-based exchange, Cryptopia announced their support on their official Twitter account.“Cryptopia is pleased to announce support for
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Breaking: Police have locked-down Cryptopia to question employeesIn response to the recent Cryptopia hack, which was already fairly dramatic and in which , New Zealand police have shut down the exchange's headquarters as part of their investigation.Yesterday, Cryptopia hit some apparent downtime, after which had some apparent security problems. Subsequently the e
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Cryptocurrency exchange Cryptopia hacked, reports significant lossesCryptocurrency exchange Cryptopia hacked, reports significant lossesCryptopia, a New Zealand-base cryptocurrency exchange, has suspended all services and gone offline after reporting a major hack that resulted in significant losses, the company announced in a tweet on January 15, 2019.Security Breac
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Hacked Cryptopia exchange calls in liquidatorsAlmost two months after announcing in late March that it was “100% committed to reopening the exchange, bigger and better and to continue trading”, hacked exchange Cryptopia has decided instead to call in the liquidators.Under New Zealand law (Cryptopia is a New Zealand registered company) a liquida
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Bitcoin (BTC) mining profits grow for first time since February 2018
Bitcoin miners have seen a slight increase in profits for February compared to January, as reported by Diar. This is the first time in 12 months that gross margins have grown in a year.
After the BTC price hit its all-time high in December 2017, revenues from mining the top crypto have fallen almost every month. This is primarily due to the falling price as well as increased SegWit adoption. Total revenues were around $195 million, which is a 10 percent decline from January.
Despite this drop in total revenues, mining profits were up in February for the first time in a year. Gross margins were 39 percent, a slight increase from the 32 percent level that BTC miners saw in both January 2019 and December 2018.
Revenues per mining unit are continuing to fall, and technological developments mean that miners will have to pay out more for equipment in order to stay competitive. Bitmain's latest rig, the Antminer S15, has already sold out twice. Based on current BTC prices, the S15 outperforms its predecessor, the S9, by 84 percent.
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