Bitcoin transactions at 'Lightning' speed

Mobile Payments Today

A bitcoin aficionado who goes by the name "21isenough" has created a prototype for a Lightning ATM. The contraption allows you to send tiny amounts of bitcoin over the Internet via the Lightning Network, a second-layer protocol that works on top of bitcoin

Burger King Now Accepts Bitcoin

PYMNTS

For some, bitcoin and cryptos — beyond a means of speculation — are a solution in search of a problem. Moreover, as reported by The Next Web , that the mechanics are such that bitcoin and, it is assumed, other cryptos, would be changed into fiat and then transactions would be completed.

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.

The Case for a Bitcoin ETF

Chris Skinner

I’ve noted that the bitcoin swings and roundabouts tend to often cycle around the hope and expectation of the US SEC giving approval to a bitcoin ETF … only to find that they never do and so it goes around.

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 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.

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.

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.

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: Tether Beats Out Bitcoin In Trading Volume; EOS Receives $24M Fine From SEC

PYMNTS

Believe it or not, bitcoin is no longer the most used cryptocurrency, with data from CoinMarketCap.com revealing that the token with the highest daily and monthly trading volume is Tether.

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.

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 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: African Open Blockchain Ecosystem In The Works; Authorities Shut Down Bitcoin Scam In Brazil

PYMNTS

Police in Brazil have shut down a bitcoin investment scheme that allegedly stole $359 million. The group apparently promised 5,000 people that it would give customers huge returns on bitcoin investments.

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 Daily: Charities Support Bitcoin Donation Campaign; Hackers Seek API Vulnerabilities For Crypto Mining

PYMNTS

Bitcoin API bitcoin daily BitcoinTuesday data packets Digital Payments Docker fraud Mobile Payments News Security What's HotCrypto-based donations are taking center stage this holiday season with #BitcoinTuesday. The event on Dec.

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.

Bitcoin Daily: WisdomTree US Money Manager Ventures Into Bitcoin Exchanges; Nordea Bank Cleared To Prohibit Employee Bitcoin Trading

PYMNTS

asset manager WisdomTree has launched its first investment product, offering large investors exposure to bitcoin without having to directly hold the asset. The product’s underlying bitcoin will be held in “cold,” or offline, storage by Swissquote bank.

The Bitcoin Whale And The Bitcoin Fish Story

PYMNTS

The days of bitcoin at $20,000 seem long ago and far away. The pair had said in the past, as detailed via Bloomberg , that analyzing transactions across the blockchain show that the whale would have been able to send bitcoin prices higher if and when they slipped below certain levels.

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 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: 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 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 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?

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: HTC’s Exodus Blockchain Phone Now Supports Bitcoin Cash; Parsiq Offers Blockchain Data Analysis

PYMNTS

HTC has announced it is partnering with Bitcoin.com to add bitcoin cash support for its Exodus 1 blockchain phone, which will come with Bitcoin.com’s preinstalled wallet and be rolled into the Exodus 1 software update.

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.

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: 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 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: Daimler Completes Pilot Blockchain Transaction; Bitcoin Payments Coming To Starbucks Via Fold App

PYMNTS

In addition, Fold’s editor, Will Reeves, wrote in a blog post that users can now spend both fiat currency and bitcoin at online and in-store retailers by synchronizing their credit card or Lightning wallet.

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: 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: Bakkt Trust Crypto Platform Gets Trust License In NY

PYMNTS

Bakkt is now authorized to provide custody services for bitcoin along with the launch of physically delivered bitcoin futures contracts. Its bitcoin futures contracts will be listed for trading on Intercontinental Exchange (ICE) Futures US and cleared through ICE Clear US.

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.

BITSTOP introduces bitcoin ATM

Mobile Payments Today

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

ATM 110

Palestinian Terrorist Group Uses Bitcoin To Raise Money

PYMNTS

Hamas, the militant Palestinian group, has come up with a new way to raise funds for its terror campaigns: bitcoin. And online researchers have recently discovered campaigns by Syrian militants that requested donations be sent to bitcoin addresses posted on social network Telegram. “I

Bitcoin Daily: Square’s Crypto Branch To Provide $100K To BTCPay Foundation

PYMNTS

Square Crypto has announced that it is giving the first of many grants to support open-source bitcoin projects to the BTCPay Foundation. BTCPay represents everything we love about open-source bitcoin projects.

Bitcoin Daily: Owner Of NYSE Launches Bitcoin Futures Contracts; SIX Swiss Stock Exchange Debuts Pilot Crypto Platform

PYMNTS

Intercontinental Exchange, the owner of the New York Stock Exchange, announced it has launched its own bitcoin futures contracts. In fact, bitcoin’s price increased just 0.5

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

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.

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