Hey, Your Crypto Newsletter for August 12, 2021

[FeedBinary Newsletter]( You Might Like         [Learn more about RevenueStripe...]( [The great bitcoin migration]( China is cracking down — and this time it’s serious — so where next for the lucrative cryptocurrency? An Australian investor recalls a trip to China four years ago for a bitcoin conference. During his 10 hour flight from Sydney to Shanghai, the price of bitcoin plunged 30 per cent. “They’ve just banned bitcoin in China,” a colleague informed him on arrival. The conference went ahead anyway. It opened with a Chinese regulator. “He gave this speech about how blockchain had good potential, but bitcoin was bad. Everyone clapped, he walked off and it just went on as planned,” he says, laughing. “It was – off we go! It was all quite bullish and bitcoin rallied back.” [Read More](   Recommended products    [ ](       [Knowing About The Famous Stablecoin Tether (Usdt)?]( Tether works mostly like other cryptocurrencies that use blockchain technology where its coins that are there in the market to be used have got the back of the physical currencies like dollar, yen etc. Tether tokens exchange under the USDT image. (Usdt) Knowing About The Currency More Deeply Tether is a type of cryptocurrency that has stability in its value that is why it is called a stablecoin as compared to the fluctuations in the other cryptocurrencies like BTC, ETH etc. Tether explicitly has a place with the classification of stablecoins that are “fiat-collateralized”. This means the fiat money backs this stablecoin. Tether was explicitly intended to assemble the fundamental scaffold between fiat monetary standards. Its value fluctuates as per the value of the US dollar. But one must keep in mind that Tether gives no word for any loss incurred while someone is trading in the said stablecoin. As per an investigation by Crypto Compare, a worldwide digital money market information supplier, bitcoin to Tether exchanging still addresses most of BTC exchanged into fiat or stablecoin. As per reports, to keep faith in cryptocurrency Tether has provided the liquidity to keep up people’s faith in cryptocurrency and in February 2021 it was said that around 57% of trading in Bitcoin was done in this Stablecoin. [Read More](   [Now you Can Use Bitcoin to Buy Pizza, Coffee, Ice Cream in India. Know How it Works]( Unocoin, the Indian crypto exchange and cryptocurrency wallet will now be allowing its users to purchase everyday consumer items using Bitcoin. Rather than a straight purchase as one might do with cash for a product, Unocoin enables users to buy vouchers using the digital coin. These vouchers can then be used to purchase said consumer items. The exchange has put out parameters that allow users to transact with Bitcoin worth Rs 100 to Rs 5,000 to buy the vouchers. The company will feature the brands whose vouchers can be bought, on its mobile app. It will be under the ‘Shop’ section. The app will let cryptocurrency holders buy these vouchers for different cash amounts that are equivalent to the Bitcoin rate. Once the purchase of the voucher is made the corresponding amount will then be deducted from the user’s crypto wallet in the form of Bitcoin. After that is complete, the voucher code will be forwarded to the customer, which can be used against the corresponding brand to avail the purchase of certain items.  [Read More]( You Might Like         [Learn more about RevenueStripe...]( Connect with FeedBinary on social media [Facebook]( [Twitter]( [Linkedin]( You received this email because you operate or create content for a website/service and based on your website it seemed like this could be important information to you and your users. This newsletter is managed by [Postbox Consultancy Services Pvt. Ltd](.C-4/5, IBD Emporia, Kolar Road, Bhopal, Madhya Pradesh, INDIA, 462042 [Unsubscribe](