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**Cryptocurrency Now Accepted by Swiss Luxury Maker Hublot in US Stores
Swiss** luxury watchmaker Hublot has stated that its newly released 200 limited-edition watches can now be bought online using cryptocurrencies such as Shiba Inu and Bitcoin via BitPay. This means of payment is exclusively limited to customers of the Hublot United States eBoutique, it stated in a tweet.
Crypto payments processor BitPay officially announced support for meme cryptocurrency Shiba Inu in late 2021, which allowed spending SHIB at hundreds of BitPay merchants where Shiba Inu is accepted. Aside from Shiba Inu, BitPay also supports other cryptocurrencies like Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, Litecoin, Wrapped Bitcoin and the five other USD-pegged stablecoins (BUSD, DAI, GUSD, USDC and USDP).
**KuCoin Exchange Leverages New Brazilian Central Bank Policy And Takes The Lead
**KuCoin – the world’s five-largest cryptocurrency exchange – has announced that it has officially become the first major crypto service provider to support deposits and withdrawals using the Brazilian Real (BRL). The introduction comes shortly after the new policy of the Central Bank of Brazil came into force.
The KuCoin exchange has partnered with Brazilian payment gateway Capitual in the strive to allow local users to make BRL deposits and withdrawals using the government-backed PIX payment system. The move makes KuCoin the first crypto exchange on the market to empower investors from Brazil with such BRL payment channels. “As crypto going to the mainstream, fiat to crypto service remains the biggest barrier to onboard more adopters.
**El Salvador president addresses bear market concerns with Bitcoin hopium
El** Salvador introduced BTC as legal tender on September 7, 2021, when its market price was around $50,000. Ever since, Bukele’s government made significant returns on their initial BTC investments as Bitcoin rallied to its all-time high of $69,000, which was redirected to the country’s various infrastructure development initiatives.
The advice received mixed reactions from the community as many pointed out the fact that El Salvador procured most of its BTC at a much higher price than the current market value. While critics expect BTC and other cryptocurrencies to continue on the downward trend, on-chain analytics signal the oncoming of Bitcoin’s reversal back to its former glory.
**FBI Warns of Cryptocurrency Scammers on LinkedIn
Cryptocurrency** investment scammers on LinkedIn are a “significant threat” to user safety, FBI special agent Sean Ragan said Friday. In an interview with CNBC, Ragan said he believes LinkedIn has a problem when it comes to investment scams.
The FBI has seen an uptick in investment-related fraud, according to Regan. The Federal Trade Commission reported that U.S. cryptocurrency traders lost $575 million due to investment fraud from January 2021 until March 2022. LinkedIn emphasizes business news and relationships, which may create a false sense of security against the backdrop of common romance and online scams. The CNBC report notes that fake profiles often claim to be associated with legitimate and successful companies.
**Over $200 Million in Liquidations as Bitcoin Dipped Towards $20K Again
**The crypto markets saw another downturn as bitcoin dipped to just over $20,000 for the second time in the past few days.
Its market capitalization is at $400 billion, but the dominance over the altcoins has been further reduced to 44.3%. Notable Bitcoin News. This enhanced volatility with the altcoins as well as bitcoin has resulted in a large number of liquidations - over $200 million on a daily scale.