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.

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.

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.

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 Daily: New Zealand Allows Crypto Wages; SEC Postpones Bitcoin Funds Decision

PYMNTS

Securities and Exchange Commission ( SEC ) has delayed a decision on approving two bitcoin exchange-traded funds. As Bloomberg reported, decisions on both the Bitwise Bitcoin ETF Trust and the VanEck SolidX Bitcoin Trust have been repeatedly put off by the SEC.

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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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.”

Bitcoin Price Sinks On Libra Concerns

PYMNTS

Lawmakers doubts over Facebook ‘s planned cryptocurrency, Libra, is having a negative impact on bitcoin. The Wall Street Journal reported that bitcoin’s price fell to about $9,100. Bitcoin banking bitcoin Congress cryptocurrency Facebook Libra News What's Hot

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 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 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.

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.

Bitcoin’s Sizzle To Lead To Fizzle?

PYMNTS

As the price of bitcoin surged this week, cryptocurrency (namely, Facebook’s Libra) has been under increased scrutiny by regulators. The folks who bought their bitcoin at around $4,000 are feeling pretty smart. Beyond that, walls may be going up to keep bitcoin from the mainstream.

Bitcoin is an Unstoppable Force

Daily Fintech

Patrick McHenry described Bitcoin as an unstoppable force: “The world that Satoshi Nakamoto — author of the Bitcoin white paper — envisioned, and others are building, is an unstoppable force. The post Bitcoin is an Unstoppable Force appeared first on Daily Fintech.

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.

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?

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: 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 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?

Nearly 20 Pct Of Bitcoin Traders Have Been Hacked

PYMNTS

A new survey has found that 19 percent of bitcoin traders have been the victim of a hack on cryptocurrency exchanges, while 15 percent of consumers have been hit with crypto fraud.

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

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

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.

Bitcoin Daily: NJ Assembles Blockchain Initiative Task Force; IBM Eyes Blockchain Browser

PYMNTS

And finally, blockchain technology company Blockstream has announced it is launching “massive” bitcoin mining data centers in Quebec and Adel, Georgia. Bitcoin bill bitcoin Blockchain Blockstream FATF IBM Legislation mining new jersey News patent task force web browser What's Hot

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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.

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.

BITSTOP introduces bitcoin ATM

Mobile Payments Today

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

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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 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

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 Continues Slide, Drops Under $10,000

PYMNTS

Bitcoin has dropped in value again to under $10,000 after a recent high of around $13,900, according to reports. Value in bitcoin and other digital currencies surged recently after the announcement of Facebook’s Libra, a stablecoin tied to real currency.

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.

Coinbase To Answer To Lawsuit From Bitcoin Cash Buyers

PYMNTS

A California judge ruled that cryptocurrency exchange Coinbase has to deal with a negligence lawsuit from people who purchased bitcoin cash (BCH) following a listing that was allegedly fumbled on the exchange during the 2017 bull market, Coindesk reported on Wednesday (Aug.

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

Potential Facebook Crypto Launch Pushes Bitcoin Over $9,000

PYMNTS

Bitcoin, the world’s most well known digital currency, has crossed the $9,000 mark for the first time in over a year, according to a report by CNBC. Bitcoin hit a high of $9,381.82 Bitcoin bitcoin crypto cryptocurrency Facebook market News token value What's Hot XRP

Bitcoin Spikes To Near 2019 High

PYMNTS

Bitcoin continues its roller coaster of ups and downs in 2019 as the cryptocurrency shot back up and breached $13,000 for the first time in about two weeks, according to a report by Bloomberg. Bitcoin dropped almost 21 percent to around $10,000 in early July.

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.

Big Investors, Big Confidence for Bitcoin

Daily Fintech

While Bitcoin is a volatile and nascent asset class, Bitcoin has consistently outperformed the Dow, S&P 500, and gold in the last decade. The post Big Investors, Big Confidence for Bitcoin appeared first on Daily Fintech. Bitcoin, Blockchain, Cryptocurrencies

60 LATAM Banks Can Now Process Cross-Border Payments Using Bitcoin

PYMNTS

Bantotal , a core Latin America banking service provider that works with 60 banks in 14 countries, has partnered with Bitex to perform cross-border payments using bitcoin blockchain, according to reports. I can just send a payment from Argentina to Chile directly [using bitcoin].”.

Mark Carney slams bitcoin

Chris Skinner

The Governor of the Bank of England, Mark Carney, has slammed the rise of cryptocurrencies insisting the costs to mine bitcoin is ‘enormous‘ and that the energy consumption is worrying, declaring current costs of electricity consumption used to mine the coins are “double the electricity consumption of Scotland.” The UK’s leading … The post Mark Carney slams bitcoin appeared first on Chris Skinner's blog.

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: Twitch Reactivates Bitcoin Payments; Hackers Steal $4M In Crypto From Singapore Exchange

PYMNTS

Game streaming platform Twitch , which is owned by Amazon , has reportedly reinstated bitcoin and bitcoin cash (BCH) payments again. Bitcoin bitcoin Bitpay Bitrue crypto cryptocurrency Hackers Koinex News payments Security Twitch What's Hot