Live-Streaming Service Twitch Gives Subscribers 10% Discount if They Pay With Cryptocurrency | Bitcoin News

Live-Streaming Service Twitch Gives Subscribers 10% Discount if They Pay With Cryptocurrency | Bitcoin News

Live-Streaming Service Twitch Gives Subscribers 10% Discount if They Pay With Cryptocurrency

The live-streaming service Twitch is now offering a 10% subscription discount for people who register with cryptocurrency. The new offer from Twitch leverages the Bitpay payment processor, as this is the first crypto-based discount promotion from a company of this magnitude.

This week, the live-streaming service Twitch revealed it is offering a 10% discount for subscribers who pay for subscriptions with a cryptocurrency. Twitch is a service that allows live streaming and it was introduced in 2011.

The platform is most popular among live-streaming gamers, and in 2017 it outpaced the streaming service Youtube Gaming. Twitch has over 27,000 partner channels, 15 million daily active users, and 2.2 million broadcasters monthly.

In order to allow people to leverage cryptocurrencies for a 10% discount on services, Twitch, a subsidiary of Amazon, is utilizing Bitpay’s crypto processing system to accept payments.

The Atlanta-based company Bitpay allows payments in bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), four USD-pegged stablecoins (GUSD, USDC, PAX, and BUSD), and ripple (XRP). Being a Twitch subscriber, users have exclusive access to emotes, badges, and the ability to follow their favorite streamers regularly.

Escape COVID quarantine and live the Sims life. Purchase a Twitch subscription with BitPay and save 10%. Subscribe now: https://t.co/a6IjEBukIt #twitch #twitchtv #quarantine #games #videogames #bitpay #crypto #cryptocurrency pic.twitter.com/6PXw1DtHzr

— BitPay (@BitPay) July 23, 2020

According to Bill Zielke, Bitpay’s chief marketing officer “Twitch is the first major merchant to jump on this trend.” Twitch is not the only gaming website and live streaming service that offers cryptocurrency support.

A number of gaming firms like Take Two (Disintegration and Outer World) and Microsoft support cryptocurrency payments. In order to get the 10% discount individuals interested in registering for a Twitch subscription simply select “pay with Bitpay at checkout” in order to pay with a digital asset.

Bitpay explained that it is thrilling to see a trendsetting firm like Twitch accept cryptocurrencies. The Atlanta firm believes that the gaming industry specifically goes hand and hand with crypto asset support. Just recently Bitpay published a blog post that shows “online gaming operators attract players using Bitpay for instant bitcoin deposits.”

The company notes that crypto acceptance adds “potential to expand a user base, it lowers costs, eliminates chargebacks, offers speed, and is borderless,” as bitcoin (BTC) and other crypto assets “can be sent anywhere in the world in minutes,” the company highlights.

What do you think about Twitch offering a 10% discount for people who pay with crypto? Let us know what you think in the comments below.

Bill Zielke, Bitcoin (BTC), bitcoin cash BCH, BitPay, crypto, cryptocurrency support, Gaming, Live Stream, Live Streaming, Microsoft, Online Gaming, Stablecoins, Take Two, Twitch

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Read disclaimer

Source: www.americancryptoassociation.com


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Popular Indian Youtube Channel Hacked to Promote Bitcoin Giveaway Scam | News Bitcoin News

Popular Indian Youtube Channel Hacked to Promote Bitcoin Giveaway Scam

Following the massive Twitter breach that saw many high-profile accounts tweet about a bitcoin giveaway, a popular Indian Youtuber now claims that his Youtube channel was hacked for the same purpose. Hackers replaced some content in Carry Minati’s videos to promote a bitcoin giveaway.

Ajey Nagar, also known by his channel name Carry Minati, announced on social media Friday that his Youtube channel with 6.7 million subscribers was hacked. “My channel Carryislive has been hacked, need immediate assistance,” Minati tweeted to Youtube India.

Besides the gaming channel Carryislive, Nagar also runs another channel on Youtube called “Carryminati,” which has 24.1 million subscribers. Only the Carryislive channel appeared to have been hacked. Two videos promoting a bitcoin giveaway scam were reportedly posted on the channel, one of which was entitled “Charity Stream: Bitcoin, BTC, Ethereum, ETH.” The videos had a bitcoin address and an ether address displayed over them. Moreover, about 36 minutes into the videos, the content abruptly turned into Spacex and Tesla CEO Elon Musk giving away bitcoin and ether.

Popular Indian Youtube Channel Hacked to Promote Bitcoin Giveaway Scam

News.Bitcoin.com previously reported on Youtube bitcoin giveaway scams featuring Elon Musk giving away bitcoin which has raked in millions of dollars. The videos on the Carryislive channel promotes both a bitcoin giveaway and an ether giveaway where scammers promise to double your BTC or ETH sent to them.

At least two BTC addresses were posted on the Carryislive channel: one displayed on the video and another in the video description. According to the Bitcoin Abuse database, the first address has been reported as a scam address twice and has received 0.0273132 BTC at press time. The other has also been reported twice and has received 0.00017801 BTC.

Bitcoin giveaway scams have been on Youtube for months, featuring well-known people supposedly giving away bitcoin, such as Musk, Microsoft co-founder Bill Gates, Amazon CEO Jeff Bezos, Apple co-founder Steve Wozniak, and several people in the crypto space. However, in past BTC giveaway schemes, scammers used their own accounts to promote the scams, without hacking other Youtube channels.

The problem of scams being promoted on Youtube has gotten so out of hand that Wozniak and 17 others have sued the video-sharing platform and its parent company, Google, over a bitcoin giveaway scam. They allege that the two companies know about the scam but they not only allow these fraudulent videos to be posted, but they also promote and profit from them.

Meanwhile, the recent Twitter attack is being investigated by the FBI. During the hack, high-profile accounts tweeted about a similar scam bitcoin giveaway, including the official accounts of Apple, former U.S. president Barack Obama, Cash App, Google, Democratic presidential candidate Joe Biden, Kanye West, former New York City mayor Mike Bloomberg, and Berkshire Hathaway CEO Warren Buffett.

What future awaits cryptocurrencies?
GOODBAD

What do you think about the Youtube channel being hacked to promote a bitcoin scam? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Read disclaimer

Source: www.americancryptoassociation.com


American Banks Allowed to Hold Crypto | Bitcoin News Summary July 27, 2020

American Banks Allowed to Hold Crypto | Bitcoin News Summary July 27, 2020



Bitcoin and other cryptos finally experienced some upwards price volatility this week and some speculate this comes as a result of some news related to American Banks. Banks in the US will now be able to hold crypto funds for customers following a ruling from the country’s Office of the Comptroller of the Currency. While we still recommend that users hold their own funds, this move will certainly increase mainstream and institutional crypto adoption in the States.

A Russian draft bill for the regulation of digital assets has been updated to handle cryptocurrency as taxable property. While the law recognizes the legal status of cryptocurrency as ownable property, it nevertheless forbids the use of crypto to pay for goods or services. The law will likely come into effect early next year.

Mastercard, one of the world’s largest traditional payments companies, is expanding its presence in the crypto space. Mastercard will now allow crypto firm, Wirex, to issue Mastercard-backed payment cards to users. Wirex allows users to exchange crypto holdings into fiat using traditional card payments.

According to a new report by Whale Alert, the pseudonymous creator of Bitcoin, Satoshi Nakamoto may have mined over 1.1 million BTC. During the early days, Satoshi used CPUs for mining in order to secure the network during the project’s infancy. Given the current market price, the unknown Bitcoin creator could be holding about $10.9B worth of BTC.

Before we conclude, this week’s “Bitcoin quick question” is how does multisig work?

Multisig stands for multi-signature, because it is a type of wallet that requires multiple parties to digitally sign their cryptocurrency transactions.

Let’s assume the three of us are starting a business together – 99bitcoins, you, and myself. If we were to do it normally, we would open a joint bank account and add permissions: what we may or may not transact for.

But if we would’ve opened a multi-sig wallet, we could define that every time we wish to transact, we’d need two or any other number of parties to sign the transaction.

In the practical sense, one party has to create and sign the transaction first on his wallet, share the signed transaction with the next party, and only when having reached the minimum number of trustees’ signatures – can the transaction be broadcast to the network.

That’s what’s happened this week in Bitcoin. See you next week.

Source: 99bitcoins.com


Ethereum Price Rally to $370 Depends on Bitcoin’s Upcoming Weekly Close

Ethereum Price Rally to $370 Depends on Bitcoin’s Upcoming Weekly Close

On Saturday Bitcoin (BTC) and Ether (ETH) price perked up as BTC briefly pushed above $9,700 and Ether set a 2020 high at $309. 

The weekend surge comes as a bit of a surprise as weekends are typically marked by low trading volume and some traders avoid the markets due to the volatility that sometimes accompanies the weekly close. 

Crypto market weekly price chart

Crypto market weekly price chart. Source: Coin360

Technicals aside, Ether’s rapid ascent to $309 could also be receiving a sentiment boost from the news that the total value of funds locked into decentralized finance platforms (DeFi) reached $4 billion today. 

Total value locked (USD) in DeFi

Total value locked (USD) in DeFi. Source: DeFi Pulse

Currently, the top three DeFi platforms are Maker Aave, and Compound with each having $875 million, $639 million and $616 million locked into an assortment of contracts. 

Data from DeFi Pulse shows that the decentralized finance sector has grown tremendously in 2020 as the value locked at the start of the year was slightly below $1 billion. 

As discussed in a previous market update, Ether’s was expected to push toward the $317 level if the Feb. 14, 2020 high at $288.32 was cleared and Saturday’s rally to $309 fell just $8 short of topping the resistance cluster extending to $317. 

Ether daily price chart

Ether daily price chart. Source: Coin360

After a nearly 30% rally this week, a period of consolidation is to be expected but if bulls find renewed or Bitcoin rallies into the weekly close, there is a possibility that the price could clear $317 and the absence of overhead resistance could see bulls target the 2019 high at $367.

As Ether surged to a new 2020 high, Bitcoin price pushed higher to $9,733. Traders are now watching closely to see if the top-ranked digital asset on CoinMarketCap can surge above the $9,900 level as this would place the price above the long-term descending trendline from the 2017 all-time high. 

According to Cointelegraph contributor Michael van de Poppe: “A major parabolic move is unlikely to happen so soon, as the price has some untested levels above, namely $9,900 and $10,100.” 

Van de Poppe further explained that:

“The most likely scenario would be a “staircase” pattern where the price of Bitcoin rallies towards the resistance zone, rejects, and then successfully tests the previous resistance zone for support. Next, the price move is likely to accelerate upward once Bitcoin breaks above the high of $10,100.” 

At the time of writing Bitcoin price has pulled back slightly from the daily high at $9,733 but the daily chart shows the digital asset continues to notch higher highs and high lows and the price remains above the 20-day moving average.

Bitcoin daily price chart

Bitcoin daily price chart. Source: Coin360

As Bitcoin and Ether pushed higher, a number of altcoins also made significant moves.

Cardano (ADA) surprised investors with a strong 21% upside move to $0.1457, Binance Coin (BNB) also continued to rally with a 5% gain. Litecoin (LTC) followed alongside Bitcoin with a 12.88% move to $49.47.

According to CoinMarketCap, the overall cryptocurrency market cap now stands at $294.6 billion. Bitcoin’s dominance index currently at 60.5%.

Keep track of top crypto markets in real time here

Source: www.bit-cointalk.com


Live-Streaming Service Twitch Gives Subscribers 10% Discount if They Pay With Cryptocurrency | Bitcoin News


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