Square Buys Up $50M In Bitcoin

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8) that it has invested $50 million — approximately 1 percent of its total second-quarter assets — to purchase roughly 4,709 bitcoins. “We We believe that bitcoin has the potential to be a more ubiquitous currency in the future,” said Amrita Ahuja , chief financial officer, Square. “As

Bitcoin may be only asset worth owning

Daily Fintech

Early last week, Bitcoin got a thumbs up from an unexpected source. MicroStrategy Incorporated (Nasdaq: MSTR), a publicly traded company, shook the entire crypto community when it purchased $250 million worth of Bitcoin (21,454 BTC). Bitcoin, Blockchain, Cryptocurrencies

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Bitcoin Daily: Ethereum Protocol Aave Raises $25M; BOE Head Takes Stance Against Bitcoin

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Bank of England governor Andrew Bailey said he doesn’t see the value of Bitcoin as a mode of payment, cautioning it as a legitimate use, Reuters reports. Bitcoin cryptocurrency Digital Banking Digital Payments international Investments legal News What's Hot

New US 'Cryptocurrency Enforcement Network' Takes Aim At Bitcoin Scammers

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Bitcoin and other cryptocurrencies are continuing to attract attention from authorities for all the wrong reasons. Among the issues plaguing bitcoin and its peers is the fact that unlike credit card transactions, cryptocurrency payments are almost immediately irreversible.

Retail consumers and the reason they use and love Bitcoin

Mobile Payments Today

Bitcoin has been a part of the financial marketplace for some time and has grown in popularity, especially amongst millennials and the unbanked. Marc Gren, co-founder and president of DigitalMint shares his thoughts on this topic

Bitcoin Daily: Bitcoin Price Rises Above $12K For 30 Minutes; Colorado Lottery Partners With Chainlink For Contest

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Bitcoin had a turbulent weekend, rising to $12,112 in value just after midnight on Sunday (Aug. The high was bitcoin’s best rate since August of last year, according to Bloomberg’s estimation. Sunday, bitcoin was down 6.7

BITSTOP introduces bitcoin ATM

Mobile Payments Today

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

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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. I sometimes find it hard to deal with our world of money these days.

Bitcoin Tracker: Bitcoin Black Friday

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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.

Retail consumers and the reason they use and love Bitcoin

Mobile Payments Today

Bitcoin has been a part of the financial marketplace for some time and has grown in popularity, especially amongst millennials and the unbanked. Marc Gren, co-founder and president of DigitalMint shares his thoughts on this topic

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. This is for an asset that just a year ago you could have purchased for a few hundred dollars. Blockchain Fintech Grid Payments

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 cryptocurrencyThink again. The report released last week by deVere Group also shows that seven out of 10 people currently investing.Read More.

Bitcoin ATMs Sprout in Georgia

Bank Innovation

Bitcoin ATM network Coinsource on Thursday installed 20 new bitcoin ATMs in the Peach State. Cryptocurrency Exclusive ATM Bitcoin cryptocurrenciesOf the 20 machines, 18 are in Atlanta and the other two are in Athens. The ATMs come as demand for the cryptocurrency in the region is on a rise, the company said. In a statement to Atlanta Business Chronicle, […].

Goldman Takes Bitcoin To Task

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Bitcoin : not worth much – except what someone else is willing to pay for it. Goldman Sachs’ withering assessment of bitcoin this week may be enough to take some wind out of the sails of those who have been looking for the marquee name in crypto to find its way into mainstream commerce. As reported by the Financial Times , Goldman was once a staunch advocate of bitcoin, and had been, just a few years ago, examining whether to launch a bitcoin trading desk.

Scammers Love Bitcoin, But Consumers Aren’t So Enthusiastic

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With transactions that become irreversible almost instantaneously, bitcoin and other cryptocurrencies are winning new converts — among scammers eager to avoid credit card chargebacks that can eat into their ill-gotten gains. Jack Dorsey Likes Bitcoin, But So Do Crooks . That’s bad news at a time when bitcoin supporters are trying to increase its use and acceptance among mainstream consumers who are making more online purchases than ever as a result of the pandemic.

Bitcoin Cash Grabs Headlines, But Ripple Has Banks’ Attention

Bank Innovation

With the recent arrival of new cryptocurrency Bitcoin Cash, which has split off from the bitcoin blockchain and is currently […]. Cryptocurrency Exclusive Online Payments Bitcoin Bitcoin Cash Coinbase cryptocurrencies Ethereum financial incumbents Ripple XRPBanks are paying attention to digital tokens along with the rest of the financial world, but some tokens might be more important to banks than others. But coins and forks rule the news these days.

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. In an interesting article by Dave Weisberger on Coindesk, there … The post The Case for a Bitcoin ETF appeared first on Chris Skinner's blog.

French Court Says Bitcoin Is Money

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A French court has decided that bitcoin is money, the first time a court in France has issued such a ruling, according to a report from Les Echos Sunday (March 8). The decision came about following a clash between the Bitcoin marketplace Paymium and the crypto investment company BitSpread. The result of the ruling could lead to more activity in the French bitcoin market. After Paymium loaned BitSpread 1,000 Bitcoin in 2014, a dispute erupted sometime before 2018.

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: Bitcoin ATM Installations Approach 10K Globally; Homeland Security Runs Contest For Digital Wallet Development

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After that time, they purportedly stole ether, bitcoin and NEO to the tune of $20 million. In separate news, the overall count of bitcoin automated teller machines (ATMs) approached 10,000 at the beginning of September, aksjebloggen.com reported.

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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. In fact, my last blog was about the blockchain hype being dead, but the blockchain dream is still very much alive.

Bitcoin Tracker: Bitcoin Flies High

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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: US Attorney General Unveils Crypto Enforcement Blueprint; Canadian Businesses Damaged By Attempted Bitcoin ATM Theft

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In other news, the Royal Canadian Mounted Police (RCMP) are on the hunt for two suspects following what they said seems to be a botched bitcoin automated teller machine (ATM) theft, according to a Thursday (Oct. Attorney General William P.

Bitcoin Daily: Two Charged For Allegedly Selling $270M In Prescription Drugs For Bitcoin

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Two Costa Rican residents have been charged with selling opioids illegally on the darknet for what amounted to 23,903 Bitcoin, according to Cointelgraph. From there, Pate allegedly sold the pills on the darknet, including on sites like Silk Road and AlphaBay, for Bitcoin.

Bitcoin Daily: Germany’s BaFin Seizes Allegedly Unlicensed Bitcoin ATMs; Police Confiscate $30M In Crypto From Closed Movie Streaming Site In Germany

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The crypto company operates 17 of the 67 bitcoin ATMs in Germany, according to CoinDesk. The police worked with the FBI to trace and identify the Bitcoin involved. He has agreed to hand over the Bitcoin and is reportedly helping authorities find the second operator, who remains elusive.

American Express Partners with Bitcoin Wallet Abra

Bank Innovation

Digital bitcoin wallet Abra is introducing its digital money transfer application to a vast landscape of new users thanks to its integration with American Express, the companies announced today. Cards Commerce Cryptocurrency Exclusive Mobile Payments Retail Uncategorized American Express Bitcoin BlockChain bluebird Venmo walmart WhatsApp

Burger King Now Accepts Bitcoin

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For some, bitcoin and cryptos — beyond a means of speculation — are a solution in search of a problem. You may recall that not all that long ago, Starbucks had been in the news, in tandem with bitcoin — i.e., we will, at some point be able to pay for our triple no-foam whip pumpkin soy latte with bitcoin. Also, in news that came via Cointelegraph on Tuesday, in Germany, Burger King, has this month begun accepting bitcoin online through its website and mobile app.

Travel Management Firm CWT Pays $4.5M In Bitcoin To Hackers

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million worth of bitcoin in ransom this week to hackers who said they seized control of 30,000 company computers and two terabytes of data, Reuters reported on Friday (July 31). Security & Fraud Bitcoin CWT fraud Hackers hacking News ransom Security travel travel management What's Hot

Bitcoin Daily: Bitcoin Sets New Record For Days Closed At Over $10K; Conaway Introduces Bill To Make Crypto A Commodity

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27), bitcoin set a record with 63 straight days of closing above $10,000, according to CoinDesk. Coin Metrics statistics show that the 180-day returns volatility for bitcoin is down 41 percent so far in September, CoinDesk reported. Closing at $10,793 on Sunday (Sept.

Bitcoin Daily: MicroStrategy CEO Says Bitcoin Is ‘Less Risky’ Than Cash; Police Probe Indian Crypto Exchange In $272K Theft

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The CEO of a Virginia-based software firm claimed that the Federal Reserve ’s easing of its inflation approach was a factor in his decision to convert the rest of the firm’s money to bitcoin, Bloomberg reported. “We

Bitcoin Daily: Bitcoin Tops $10K; Malaysia SC To Expand Digital Wallet Regulations

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Bitcoin surpassed $10,000 on Sunday (July 26) for the first time since June, hitting $10,200, Reuters reported. Bitcoin has been negatively impacted by the pandemic over the past few months, halving for the third time in May and slicing the rewards bitcoin miners earn, per Reuters.

Goldman Sachs compare bitcoins to tulips, and cryptofolks aren’t happy

Chris Skinner

Goldman Sachs just became the bad boy on the block in the bitcoin brethren by saying bitcoin has nothing behind it. Remember last week when we were all bullish for the Goldman Sachs Bitcoin call? L pic.twitter.com/W5lRyx1L5Y — Zack Voell (@zackvoell) May 27, 2020 However, when you look at their … The post Goldman Sachs compare bitcoins to tulips, and cryptofolks aren’t happy appeared first on Chris Skinner's blog.

No More Bitcoin Payments on Stripe

Bank Innovation

Payment processor Stripe will no longer support bitcoin payments on its platform, citing the cryptocurrency’s price volatility as a factor making it an unsuitable form of payment. Stripe Product Manager Tom Karlo said in a company blog post yesterday: Over the past year or two, as block size limits have been reached, Bitcoin has evolved […]. Cryptocurrency Exclusive Open Fintech Payments Bitcoin cryptocurrency payment processing Stripe

Bitcoin Is Now Worth More than Gold

Bank Innovation

Bitcoin: $1,252.91. That’s right: currently, bitcoin is worth more than an ounce of gold (but you should probably keep buying gold). The only other time this has happened since bitcoin’s creation by anonymous cryptocurrency legend Satoshi Nakamoto—who may or may […]. Exclusive Online Risk Technology Virtual Currency Bitcoin BlockChain cryptocurrency gold valuation volatilityGold: $1,239.20.

Do Millennials Trust Bitcoin More than Banks?

Bank Innovation

The rising popularity of Initial Coin Offerings has put digital currency bitcoin more in the public eye, to say nothing of its skyrocketing valuation. Presently, a single bitcoin is worth just under $7,500. Cryptocurrency DataBank Bitcoin cryptocurrency digital currencies ICOsBut do millennials trust that digital currency more than traditional banks? No, a survey released today by venture capital firm Blockchain Capital […].