You are at: Home » Bitcoin News Summary – November 18, 2019

Bitcoin News Summary – November 18, 2019

Last updated on:
Fact Checker


Payments app, Fold now allows users to book AirBNB accommodations using Bitcoin and Lightning payments. Users will also receive 3% back in Bitcoin for their bookings, as well as for purchases from Fold’s other partners, including some big-name retailers like Amazon, Starbucks and Uber.

BitGo, the crypto wallet and custodian, said that 20% of Bitcoin transactions pass through its services. While this raises centralization concerns, the company countered by saying users can opt to retain their private keys.

In a recent report, the US Federal Reserve addressed stablecoins, saying that while they can create better payment systems for consumers, the possibility of a stablecoin rapidly gaining global scale threatens central bank control over money. Meanwhile, the largest and best-known stablecoin, Tether, is planning to introduce a new stablecoin pegged by the price of gold. The coin will be fully backed by gold reserves and should be available before the end of this year. 

And finally, a collaboration between anonymous users, the so-called “Unknown Fund” is raising $75 million to promote development of projects which would enhance Bitcoin privacy. 

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

Having delved into futures trading in the past, my intrigue in financial, economic, and political affairs eventually led me to a striking realization: the current debt-based fiat system is fundamentally flawed. This revelation prompted me to explore alternative avenues, including investments in gold and, since early 2013, Bitcoin. While not extensively tech-savvy, I've immersed myself in Bitcoin through dedicated study, persistent questioning, hands-on experience with ecommerce and marketing ventures, and my stint as a journalist. Writing has always been a passion of mine, and presently, I'm focused on crafting informative guides to shed light on the myriad advantages of Bitcoin, aiming to empower others to navigate the dynamic realm of digital currencies.

View all Posts by Alexander Reed

Free Bitcoin Crash Course

Learn everything you need to know about Bitcoin in just 7 days. Daily videos sent straight to your inbox.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
We hate spam as much as you do. You can unsubscribe with one click.
We hate spam as much as you do. You can unsubscribe with one click.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top