Self-Isolation Got You Down? Exciting Crypto Developments in the News That Will Raise Your Spirits
As we wait out the Coronavirus and seek to prevent its further spread across the globe, self-isolating can leave us in need of uplifting and exciting stories to brighten our day. Fortunately, for those who belong to the crypto community, there is no shortage of such news. If you’ve been missing out on some of the news that has been going on behind the scenes of the COVID-19 pandemic, here are some highlights that you should know about.
Microsoft Wants to Use Your Brain Power to Mine Cryptocurrency
Microsoft is looking into using your body to mine cryptocurrency. According to a recent patent filed by the tech giant, which they have called “Cryptocurrency system using data on body activity”, they want to use data transmitted through a sensor that would monitor things like blood flow, brain waves, and physical movement to mine certain cryptocurrencies by accomplishing these basic tasks. Of course, this is all entirely theoretical at the moment and Microsoft has not yet developed the technology needed to make this possible. Still, the potential for future applications is pretty exciting.
Binance May Be Adding Bitcoin Options to Its List of Products
Binance recently teased that they may be adding Bitcoin Options trading to their current list of products. The CEO of Binance, Changpeng Zhao, teased the potential addition in a series of two tweets, which reveal options as a current test product in development. At the time of writing, there is no anticipated launch date available.
Monero Outperforming Bitcoin?
While there are always new and exciting crypto projects in the works, sometimes older cryptocurrencies can come out and surprise us. One of these projects? Surprisingly enough, Monero is making major moves, outperforming Bitcoin at the time of writing. While there is no specific reason as to why it is performing so well, it may be due to the fact that the Monero was recently updated and has been receiving support from individuals such as John McAffee and Brian Armstrong, the CEO of Coinbase.
From Buying to Selling, More Card Options and Opportunities Are Popping Up
Whenever crypto is made easier to purchase or sell, it adds value to the market as a whole. Across the span of several days, we have seen several such developments that have been beneficial for crypto users everywhere.
The first story comes from Embily, a crypto firm that is making it easy for crypto holders to spend their digital assets via prepaid cards. The prepaid card, which is accepted wherever Mastercard is, boasts features such as a $2,500 daily withdrawal limit, a $13,000 upload limit per transaction (with no cap to how much you can load onto your card), contactless payment capabilities, the ability to customize your card as you see fit, and two mobile apps to make using and managing the card simple.
On the other end of the user experience, ShapeShift, a Switzerland-based exchange, now allows customers in the U.S. to purchase Bitcoin and Ethereum with their debit card. This allows users to purchase and access their funds faster, without having to go through the many hoops that they normally would.
In the wake of the COVID-19 pandemic, some platforms like Crypto.com are giving back to their community by waving their fees on all user credit cards, providing additional cashback to metal and plastic card users for necessities like groceries or food delivery, and boosting that amount for those enrolled in their Pay program.
Although we live in uncertain times, there is always something to look forward to. If you have been looking for new and exciting developments that will make your day, the above news pieces will get you all caught up on the recent crypto news you may have missed!
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