China May Move To Ban Bitcoin Mining

PYMNTS

China could move to ban mining for bitcoins if a draft list of activities the country’s state planner wants to ban becomes law. It has also been clamping down on bitcoin mining which has resulted in bitcoin mining operations setting up shop outside of China.

Afghanistan Turns To Bitcoin To Boost Economy

PYMNTS

Afghanistan is looking to boost its ailing economy with bitcoin. Sediq explained that bitcoin could be used with a form of metals future, such as lithium, adding that the value of Afghanistan’s mineral reserves is estimated at more than $3 trillion.

Bitcoin, Stablecoin, Blockchain, Enterprise Ledger … WTF?

Chris Skinner

Now, most people think that blockchain is something … The post Bitcoin, Stablecoin, Blockchain, Enterprise Ledger … WTF? I used to blog about blockchain and cryptocurrency almost every day. I stopped as it got too hyped, scammed and boring.

Bitcoin Hits New All-Time-Low

PYMNTS

Bitcoin marked the beginning of December with another drop in value – this time by 8 percent, according to a report by CNBC. Following a 37 percent drop in November, which took about $70 billion off bitcoin’s market value, the cryptocurrency found a new bottom at $3,790.96.

Do Grocery Stores Need Bitcoin ATMs?

PYMNTS

In a new PYMNTS interview, Neil Bergquist, CEO of bitcoin ATM provider Coinme , spoke about how his company is part of the launch of bitcoin payments via Coinstar kiosks, those change-handling machines often located near ATMs, customer service desks or front entrances at grocery stores.

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Bitcoin Daily: TV Show Creator Sues Facebook For Bitcoin Ad Scam; Vancouver Cracks Down On Bitcoin ATMs

PYMNTS

Dutch billionaire John de Mol, who created the reality TV program “Big Brother,” is suing Facebook for allowing fake ads which used his name and image to commit bitcoin-related fraud that swindled 1.7

Bitcoin Daily: Firefox Bug Targets Crypto Owners; Bitcoin Inventor Claims Escalate

PYMNTS

Australian Craig Wright, who has declared himself the inventor of bitcoin, believes that a series of lawsuits will help him prove that he is the inventor of bitcoin.

Bitcoin Surges On Libra News, But Nears Overbought Status

PYMNTS

The announcement of Facebook’s Libra has buoyed other cryptocurrencies, especially Bitcoin, which gained in the neighborhood of 12 percent this week, to $9,477. The last time Bitcoin got close to the $10,000 level was in May 2018, but it couldn’t close the gap.

Bitcoin Futures Rollout In Jeopardy

PYMNTS

Intercontinental Exchange ( ICE )’s plans to launch bitcoin futures in November of last year have been delayed because of regulators. According to the paper, what’s holding up approval is a disagreement about how Bakkt (the name for the bitcoin futures) should be regulated.

Twitter CEO Supports Bitcoin, Faster Payments

PYMNTS

Jack Dorsey, billionaire tech founder and current CEO of Twitter, said he only owns bitcoin and that he supports the Lightning Network , a bitcoin network update that could make bitcoin payments speedier and less expensive, according to reports. 5): “I only have bitcoin.”

The future of bitcoin

Chris Skinner

Everyone keeps asking should I buy bitcoin and my answer is always it’s your choice. I don’t believe in bitcoin, but I’m not one of those doom mongers who say it’s going to die. It won’t … The post The future of bitcoin appeared first on Chris Skinner's blog.

Bitcoin Daily: Hublot Unveils Bitcoin Watches; Swiss Regulator Throttles Bank Crypto Trading

PYMNTS

On another note, Hublot has unveiled a watch that has a bitcoin theme amid the cryptocurrency’s 10th birthday, The Next Web reported. In addition, only 210 of the watches will be made, as only 21 million bitcoins will come to fruition.

Bitcoin Daily: Microsoft Hops On Hyperledger, IBM Upgades Blockchain

PYMNTS

Commodity Futures Trading Commission (CFTC) has filed a lawsuit against a defunct British cryptocurrency company, and its former principal, for allegedly stealing at least $147 million worth of bitcoin from more than 1,000 customers. Microsoft announced that it has joined Hyperledger. “We

Amazon Will Soon Accept Bitcoin Payments

PYMNTS

Bitcoin, through the lightning network, will soon be available as an option to pay on Amazon and other eCommerce sites, according to reports. Cryptocurrency Amazon bitcoin cryptocurrency digital payments ecommerce News Payment Methods payments QR codes What's Hot

Bitcoin Daily: Bitcoin Briefly Breaches $3,700; NH Eyes Crypto Tax Payments

PYMNTS

Despite the fact that it’s rejected a number of bitcoin exchange-traded fund (ETF) proposals, a commissioner at the U.S. While a number of bitcoin ETF proposals have requested SEC approval, none have been approved. And bitcoin finally moved past $3,500 — if only for a short time.

Bitcoin Tracker: Bitcoin Black Friday

PYMNTS

In this week’s Bitcoin Tracker, bitcoin soars, then settles down and plans for its yearly sale abound. Switzerland gives bitcoin a hand by way of rail ticket machine sales, an Australian startup banks on the aptly named Dash and Zcash fervor fades. But as markets saw their prices fall, bitcoin’s numbers went up. early Wednesday morning — near bitcoin’s year high. Bitcoin Black Friday’s popularity has grown significantly since its start.

Bitcoin Daily: Facebook Posts 22 Blockchain Jobs; Bitcoin Trader Scam Costs Investors $1.5M

PYMNTS

While bitcoin price briefly hit above $4,000 last week, the crypto is now nearing overbought levels. is banned from trading because of his alleged involvement in a bitcoin scam. And if it reaches that overbought territory, it could see further declines.

The Bitcoin Bust And Its Ripple Effects

PYMNTS

It has not been a great week for the price of bitcoin, or really any cryptocurrency for that matter. The price of bitcoin has fallen and stayed below $6,000 for the last four days and no one’s predicting a rally anytime soon. Why Bitcoin Busted. How low can bitcoin go?

Bitcoin Daily: Rebuilding Notre Dame With Bitcoin; Assange Arrest Leads To Bitcoin Donations

PYMNTS

Bitcoin users might soon be able to donate to help rebuild Notre Dame Cathedral. Although bitcoin isn’t one of the approved currencies, France’s Minister for Digital Affairs Cedric O said he is willing to speak to crypto platforms about possibly allowing bitcoin donations. “We

The truth about bitcoin

Chris Skinner

It’s been an interesting few weeks, watching bitcoin’s rollercoaster ride as it rises to valuations over $4,000 and then dives to almost $2,000 before rising again to near $6,000. The rise … The post The truth about bitcoin appeared first on Chris Skinner's blog.

Bitcoin Daily: Bitcoin Falls To Lowest Price In Two Weeks; Hackers Use WEX Exchange To Launder Bitcoin

PYMNTS

Bitcoin has had its ups and downs over the last few weeks. According to MarketWatch , a single bitcoin on Monday was selling for $3,714.60, down 1.9 Crypto Analyst Willy Woo explained that, since it is currently a bear market, bitcoin’s value could decline even further.

Bitcoin Price Continues To Fall — How Low Can It Go?

PYMNTS

The bitcoin bust continued Monday (Nov. Over the past week, the price of bitcoin has declined some 20 percent — and at least 60 percent since January. How low can bitcoin go?

Bitcoin Drops Below $6,000

PYMNTS

The market capitalization of bitcoin, the leading cryptocurrency, declined to under $100 billion for the first time since October of 2017 amid a steep sell-off in digital tokens Wednesday (November 14). In Asia bitcoin was priced at $5,564.70

Bitcoin Daily: SEC Delays Bitcoin Exchange Approval; LVMH Puts Luxury Goods On The Blockchain

PYMNTS

Securities and Exchange Commission (SEC) has delayed a decision to approve a bitcoin exchange-traded fund, asking for more comments in the meantime. believes bitcoin’s latest rally has brought its price past its “intrinsic value.”. The U.S.

BITSTOP introduces bitcoin ATM

Mobile Payments Today

Andrew Barnard, Co-founder of BITSTOP demos the bitcoin ATM

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The 2018 Bitcoin Crash, Bit By Bit

PYMNTS

At this writing, bitcoin’s price hovers around $3,807. Long ago and far away, bitcoin enthusiasm was measured in dollars, and what a difference a year makes. Consider the fact that UBS said this past summer that bitcoin could replace fiat when it reached a value of $213,000.

Report: Almost 95 Pct Of Bitcoin Trading Is Artificial

PYMNTS

After sharp drops in bitcoin prices, a new study posits that almost 95 percent of all reported bitcoin trading is made artificially via exchanges that are unregulated. Bitcoin bitcoin bitcoin trading cryptocurrency cryptocurrency exchanges digital payments News What's Hot

Bitcoin Daily: Nevada OKs Blockchain Bills; Binance Restricts US Users

PYMNTS

And bitcoin now has more than one million daily active addresses — the number of unique “from” or “to” addresses used per day. When Bitcoin first broke 1 million active addresses (Nov 27, 2017), 1 BTC was $9,352 and the median tx fee was $3.23.

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Bitcoin Daily: Bitcoin Peaks At $3.7K; Indonesia Sets Crypto Trading Regs

PYMNTS

Bitcoin jumped to a one-month high as it hit $3,727 this weekend — it’s highest level since Jan. To break above the upper edge of the triangle, bitcoin must make it past $3,760, which is expected to happen sometime this week.

Most People Would Still Invest in Bitcoin

Bank Innovation

EXCLUSIVE – Think the bitcoin craze has died down? A new report shows that six out of 10 people with no current exposure to cryptocurrencies would consider including altcoins and bitcoin in their investment portfolios. Cryptocurrency DataBank Premium Bitcoin cryptocurrency

Bitcoin Daily: Bitcoin Can’t Break $3.5K; $312M In Mt Gox Tokens Likely Sold

PYMNTS

While the bitcoin price was holding steady on Tuesday (February 5), the crypto was still stuck below $3,500. In afternoon trading, a single bitcoin was worth $3,453.77, a 0.2 Bitcoin has spent the past 48 hours trading inside $3,410 – $3,460, according to Market Watch. “We

The History of Bitcoin

Chris Skinner

Gemuel Franco over at Fried.com shared a great infographic on bitcoin with me, so I thought I should share it with you. bitcoins to a dollar would now equate to circa $5.5 The post The History of Bitcoin appeared first on Chris Skinner's blog.

Singapore Police Prevent Bitcoin Machine Scam

PYMNTS

Police in Singapore helped stop a scam that was targeting users of bitcoin machines at a local mall. The scammers then ordered the man to transfer a total of $1,000 ($734 USD) worth of bitcoin to their wallets on two occasions, which the victim did.

Bitcoin Tracker: Bitcoin Flies High

PYMNTS

Only two days in, and December has already been good to bitcoin. This week saw bitcoin’s price jump over its previous 2016 high to reach a high of $778.14 These things can change by the minute, as all cryptocurrency users well know, but the end of November and the first few days of December appear to have been good to bitcoin holders. This time last year, bitcoin’s price was closer to $360, coming up from a slump in the mid-$200s for much of 2015.

Bitcoin Daily: Crypto Malware Targets Oracle Servers; Bill Could Restrict Crypto Activity In India

PYMNTS

” On another note, a new bill in India aims to make any bitcoin-related activity punishable by a 10-year jail sentence. If the bill passes, India will become the latest country to completely ban bitcoin.

Bitcoin’s (And Crypto’s) Calm Before The Libra Storm?

PYMNTS

For bitcoin — and for cryptocurrency brethren — a stretch of calm before the storm? The marquee name would be bitcoin , of course, which as of this writing was changing hands at a bit more than $9,100. Then again, it might spell the death of bitcoin.

DOJ Investigates Bitcoin For Market Manipulation

PYMNTS

Justice Department is investigating whether bitcoin’s record-breaking performance last year was caused by market manipulation. Late last year, the value of a single bitcoin hit $9,143, climbing nearly six points in just 24 hours for a market cap north of $152 billion. The U.S.

Bitcoin Daily: Japan Banks Launch Digital Wallet; Canadian Court Will Hear First-Ever Bitcoin Expert Witness

PYMNTS

In other news, blockchain security company CipherTrace revealed details of the first Canadian court case to use a bitcoin expert witness. As a result, the Ontario Attorney General is seeking to confiscate 288 bitcoins. “As

Bitcoin Daily: WikiLeaks Bitcoin Donations Spike; Harvard Backs Crypto Co

PYMNTS

percent are currently accepting bitcoin or other coins as payment methods. In other news, WikiLeaks has seen a boost in bitcoin donations after its leader, Julian Assange, was arrested in the U.K. The total amount donated to its current bitcoin address stands at $15,000 worth of BTC.

Bitcoin Daily: Elon Musk’s Name Used In Bitcoin Scam; Bitcoin Takes More Energy To Mine Than Gold

PYMNTS

Elon Musk’s name has reportedly been used in bitcoin scam , with the hack of multiple verified Twitter accounts, the BBC reported. Bitcoin, Ethereum and bitcoin cash are said to be the future payment options.

Bitcoin Daily: French Tobacco Shops Have Bitcoin For Sale; China Mobile Creates Blockchain Water Purifier

PYMNTS

Some tobacco shops in France are beginning to sell bitcoin, in addition to items like cigarettes, lottery tickets and cigars, Reuters reported. Zakhar said, according to Reuters, “Some people find it complicated to get bitcoins online.

Bitcoin Gets A Lift — For Now?

PYMNTS

Bitcoin price seems to be recovering — up low single digit percentage points at this writing — to a bit more than $5,700, and then backing off a bit to a recent $5645. The Times noted there are “no immediate news catalysts” that are in place to send bitcoin higher.

Bitcoin Daily: Italy Develops Blockchain Strategy; Self-Proclaimed Bitcoin Creator Denied Lawsuit Dismissal

PYMNTS

In other news, Craig Wright, the self-proclaimed inventor of bitcoin, has had his move to dismiss a lawsuit against him denied by a U.S. million bitcoins (currently worth around $3.9 Bitcoin bitcoin daily Blockchain Italy Lawsuit News What's Hot