Goldman Takes Bitcoin To Task

PYMNTS

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.

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

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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.

Bitcoin Daily: Telegram Consents To $18.5M SEC Penalty; ‘AML Bitcoin’ Founder Charged With Money Laundering

PYMNTS

The founder of the NAC Foundation was alleged to have taken in funds for tokens representing “AML bitcoin” that would eventually be changed into the purported cryptocurrency. Bitcoin AML bitcoin bitcoin daily cryptocurrency fraud NAC Foundation News SEC Telegram TON What's Hot

French Court Says Bitcoin Is Money

PYMNTS

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.

Not your keys, not your Bitcoin

Daily Fintech

The post Not your keys, not your Bitcoin appeared first on Daily Fintech. Bitcoin, Blockchain, CryptocurrenciesCryptocurrency is a thriving and quietly eating away at the existing financial ecosystem.

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.

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?

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.

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.

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.

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.

Bitcoin Daily: New Zealand Seizes $90M In Bitcoin Fraud Case; BlackBerry, Intel Team Against Cryptomining Malware

PYMNTS

New Zealand police have frozen $90 million they say belongs to alleged bitcoin scammer Alexander Vinnik in what’s being called the country’s largest money seizure ever. Bitcoin bitcoin daily BlackBerry Financial Conduct Authority Intel Neufund News

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.

BITSTOP introduces bitcoin ATM

Mobile Payments Today

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

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Bitcoin Daily: Austria Backs Pandemic-Related Blockchain Initiative; Ride-Hailing App Ryde Will Enable Bitcoin Payments

PYMNTS

In other news, those who use the Singaporean ridesharing service Ryde will have the ability to keep and change bitcoin to “RydeCoin” without any transaction costs beginning next week, CoinDesk reported.

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. 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 […].

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 ICOs

Bitcoin Miners Hack Amazon Web Services

Bank Innovation

The RedLock security intelligence group has discovered that Hackers used Amazon’s Web Services (AWS) computing resources to mine bitcoin.

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.

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 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.

What could kill Bitcoin?

Daily Fintech

The inventor of cryptographic hashing, Ralph Merkle, has made the argument that “ Bitcoin is the first example of a new form of life. ” Over the years, Bitcoin has survived technical attacks, internal conflict and outside criticism. Bitcoin has an “ antifragility ” quality.

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.

P2P Payments Platform Square Adds Bitcoin

Bank Innovation

P2P payment platform, Square is now allowing users to purchase bitcoin worth up to $10,000 in a week on its Cash App. Square began testing the bitcoin option in November, and yesterday announced that users can now use the bitcoin buy/sell option.

CME Group Announces Plans for Bitcoin Futures, Causing Price Surge

Bank Innovation

Exchange operator CME Group has announced plans to launch bitcoin futures in the fourth quarter. The announcement by the operator, the largest in the world, prompted a surge for the currency that set bitcoin’s price to a record high (again) of $6,300.

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bitFlyer Launches Bitcoin Visa Prepaid Card

Bank Innovation

Japan’s largest bitcoin exchange, bitFlyer, announced on Friday that it has launched a yen-dominated bitcoin Visa prepaid card, bringing Japanese consumers one step closer to being able to use bitcoin for their daily purchases.

Will Bitcoin End 2017 at $10,000?

Bank Innovation

EXCLUSIVE—All eyes are on bitcoin as 2017 draws to a close: will the notoriously volatile cryptocurrency end the year at a $10,000 value? Cryptocurrency Exclusive Online Bitcoin cryptocurrency

Bitcoin Daily: Balancer Reports $500K Token Theft Attack

PYMNTS

Bitcoin Balancer Pool bitcoin daily Cryptocurreny digital tokens hacking News Theft WETH What's HotBalancer Pool suffered a complicated attack that took advantage of a technicality in its system, Coindesk reported.

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: India Pushes Blockchain Digitalization Of Trade Documents; Bitcoin IRA Debuts Saver IRA

PYMNTS

” In other news, Bitcoin IRA , the digital currency retirement savings company, is able to work with smaller accounts as roll outs its Saver IRA product, CoinDesk reported.

Bitcoin Cash Kicks Off, and Then the Wait Begins

Bank Innovation

Today saw the hard fork of the Bitcoin blockchain, with the world’s oldest cryptocurrency splitting off in two in order to form the world’s youngest cryptocurrency, Bitcoin Cash. Cryptocurrency Exclusive Online Bitcoin Bitcoin Cash BlockChain cryptocurrency digital currency

E-Trade Financial Opens Trading in Bitcoin Futures

Bank Innovation

Online stock brokerage firm E-Trade Financial Corporation opened trading in bitcoin futures from the CME Group. The New York-based E-trade Financial also launched trading of bitcoin futures of CBOE last month.