As October begins, we welcome a month full of exciting updates and offers in the cryptocurrency world. Whether you’re gearing up for the spooky season or just checking out your portfolio, we’ve got a gift for you. There are no tricks here. Only the latest news and exclusive information to help you stay ahead of the curve in the cryptocurrency world.
In this issue:
industry news
Read news from across the blockchain industry.
- Stablecoins, cryptocurrencies threatening fiat dominance in East Asia: Stablecoins and cryptocurrencies are challenging the dominance of traditional fiat currencies in East Asia, according to a new report (Cointelegraph).
- Cryptocurrency Surges on Fed Cut and Trump’s DeFi Details: Cryptocurrency markets have surged due to the Fed’s interest rate cut and new decentralized finance details coming out of Trump’s campaign (Forbes).
- Uniswap developers unveil ‘Unichain’, their own layer 2 network built on Optimism technology: Uniswap developers have launched Unichain, a new layer 2 network that leverages Optimism technology for improved scalability (CoinDesk).
- The mystery of Bitcoin creator Satoshi Nakamoto continues: The ongoing investigation into Bitcoin creator Satoshi Nakamoto remains one of the biggest mysteries in modern finance (Vox).
- Bitcoin hits its highest since July, cryptocurrency-related stocks rise: Bitcoin hits its highest since July, boosting the stock price of cryptocurrency-related companies (CNBC).
- According to the report, the Bitcoin ETF rush has made North America a dominant player in the global cryptocurrency market. According to a report, the influx of Bitcoin ETFs has solidified North America’s position as a leader in the global cryptocurrency market (Fortune).
- Bitcoin has outperformed the S&P 500 since September. Here’s why: Bitcoin has outperformed the S&P 500 since September, driven by factors such as ETF hype and regulatory clarity (Investopedia).
- Tesla sparked speculation by moving $765 million in Bitcoin. Tesla’s recent move of $765 million in Bitcoin has sparked speculation about the company’s cryptocurrency strategy (Yahoo Finance).
- Bitcoin Hardware Wallet Firmware Upgrade: Bitcoin users are encouraged to upgrade their hardware wallet firmware to enhance security and functionality (Bitcoin Magazine).
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Questions to ask your payment processor
Don’t risk partnering with the wrong cryptocurrency payment provider. Arm yourself with the right questions to ask when researching potential partners.
Question #11: Does your company have a New York BitLicense?
Read our overview here or download our expanded questions guide to help you find a trustworthy cryptocurrency partner.
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MATIC → POL migration
Polygon is upgrading its default token from: Matic to poleThis means a transition to a multi-chain ecosystem. POL tokens provide users with more utility by enhancing staking and governance features. BitPay Wallet and payment experience interfaces now display POL as a supported asset. No immediate action is required for BitPay users or merchants who have used MATIC on Polygon.
→ Learn more about migration
Seller Spotlight: Sell your car for cryptocurrency with Vegas Auto Gallery
Are you looking for luxury? Vegas Auto Gallery Have you covered? This luxury dealership in Las Vegas specializes in selling premium vehicles, and now you can even sell your cars and get paid in cryptocurrency. Browse our best inventory today.
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Word of the Month: cryptocurrency exchange
In the cryptocurrency world exchange This is where users buy, sell or trade crypto assets. There are two main types of exchanges: Centralized (CEX) and Decentralization (DEX). CEXs act as intermediaries that manage transactions and funds, while DEXs enhance privacy and autonomy by allowing users to trade directly from their wallets.
→ Learn more about exchanges
Travel with cryptocurrency
BitPay Travel is now open to everyone! In partnership with Xeni, BitPay Travel will allow cryptocurrency users to pay for flights, hotels, rental cars, and activities with cryptocurrency. Book travel at low prices and pay directly from your cryptocurrency wallet.
Seller’s Call
Check out this month’s seller news.
- Shop APMEX’s popular silver and gold categories, including pop culture collectibles. Shop now!
- OneGold allows you to own vaulted gold, silver and platinum directly at a very low cost. Start your free account today.
- Buy your domain name with Namecheap today!
- Are you ready to accept cryptocurrency in your Shopify business? Get started with the BitPay app today!
- Instantly deploy high-performance cloud servers, cloud GPUs, bare metal, and cloud storage globally with Vultr. New users receive $100 to test the platform.
- Name your business using BrandBucket.
- Shop from US stores and get your products delivered to your home reliably with Qwintry.
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