Crypto Markets News 

OKEx Becomes First Cryptocurrency Exchange to Create a Bitcoin Cash Market

“Cryptocurrency exchange OKEx created the first bitcoin cash market, enabling users to trade tokens directly against BCH without using BTC or ETH as an intermediary” writes unknown author for cryptocoinsnews.com. First, bitcoin cash proponent Roger Ver made a high-profile appearance on CNBC yesterday, where he promoted bitcoin cash to many viewers who had likely never heard of it.The creation of the first bitcoin cash market was just one of a flurry of developments that OKEx announced this week.Nevertheless, the announcement is likely bullish for bitcoin cash moving forward, especially if…

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Uber challenges ban on cash payments in Mexican state

“Uber stopped accepting cash payments in the Mexico City-adjacent state on Friday, responding to demands from state authorities, and filed an appeal to a federal judge against the regulation the same day” reports venturebeat.com. Uber maintains that the language in the law does not expressly ban cash payments.(Reuters) — Uber said on Monday that it had appealed regulations that have barred it from accepting cash fares in the Mexican state of Puebla, in a new challenge to clampdowns on the ride-hailing service in Latin America.Authorities from Mexico to Brazil have…

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Brokers GBP News 

Ex-London brokers cash in on Brexit with shop selling Marmite and bean

“Two former London brokers in Luxembourg have hit on an old-fashioned way to hedge against Brexit” writes Stephanie Bodoni for independent.co.uk. In the race to attract London business after Brexit, Luxembourg has already become the nation of choice for several insurers, funds and banks. Source: independent.co.uk Share This:

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One in five ATMs now charge customers to withdraw cash, Which? says as it calls for urgent review

“One in five ATMs now charge customers to withdraw cash, consumer watchdog Which? says and is calling for an urgent review” writes Nicola Harley for telegraph.co.uk. The UK’s biggest ATM network Link is seeking to reduce its £1bn annual running costs, which could see the loss of thousands of free-to-use cashpoints. The industry lobby group, the ATM Industry Association, has estimated one in five cash points will disappear from Britain’s high streets within four years as a result of Links’s proposed cuts. Source: telegraph.co.uk Share This:

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Crypto News 

Bitcoin for Gold – Major Gold Dealer Now Accepting Bitcoin

“Major online gold dealer APMEX will be accepting bitcoin starting from December 8” writes Bcc Staff On for blockchaincourier.com. APMEX announced that buyers will be able to buy gold paying with bitcoin as the payments would be processed through BitPay: With BitPay integration, APMEX customers can now pay using bitcoin and complete their order in seconds.Because bitcoin works like cash for the Internet, customers enjoy a quick process, as the only delay is in the “mining” required of all bitcoin purchases.Additionally, all eligible bitcoin orders will be processed and shipped…

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EDITORIAL: Looking out for those left behind in a cashless society

“The future, in this case, is a cashless society, where nobody will use paper dollars or metal coins” writes Sun-times Editorial Board for suntimes.com. What will they do in a cashless society?. Anybody who has ever used Uber or Lyft, which do not accept cash, knows how convenient a completely cashless society could prove to be.No cash means faster lines at the check-out counter.No cash means no armed hold-ups. Source: suntimes.com Share This:

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The way Americans buy homes is changing — and it presents a huge problem for the middle class

“Buying a home with cash is most common for the least and most expensive homes, rather than those in the middle” writes Finanzen Net Gmbh for businessinsider.com. For the most part, the middle class does not have enough savings available or are pursuing homes they can’t afford to buy with cash.This means millions of Americans are stuck in the middle and can’t buy a home in cash.Before deciding to purchase a house in cash, make sure you have enough money on hand for all expenses.Low cost homes — those under…

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Crypto News Stocks 

Square is unleashing crypto onto more of its Cash App users

“The company has been running a trial on Cash App, a rival to Venmo, that has allowed only a small number of users to purchase bitcoin” writes Frank Chaparro for businessinsider.com. Square is increasing the number of people eligible to buy and sell bitcoin on its Cash App, the company founded by Twitter CEO Jack Dorsey announced on Twitter Tuesday.SQ is also exposed to liquidity and counterparty risk as it must source bitcoin for users either by pre-buying or using an exchange. Source: businessinsider.com Share This:

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Markets News Stocks 

Now is the time for investors to loiter around the lifeboats

“Greater discipline is required to persist with a value orientated approach when growth stocks are shooting the lights out” writes Jonathan Rochford for marketwatch.com. Rather than focusing on potential triggers, investors should focus on the risk/return characteristics of what’s in their portfolios.The more investors believe that markets are unsinkable, like the Titanic, the more likely it is that an iceberg is dead ahead.Individual investors can lose focus when their friends and neighbors brag about how much they have made on the latest fad investment. Source: marketwatch.com Share This:

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