Tag: BitPay

After being criticized by the bitcoin community for its overly draconian nature, it appears the New York authorities are now ready for serious business. U.S.-based bitcoin payments processor BitPay has been granted the BitLicense, making it the eighth cryptocurrency related business to gain the New York Department of Financial Services (NYDFS) approval in three years. Joining the Crypto Elite Global bitcoin…

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On June 27, 2018, the California-based basketball team Sacramento Kings announced a charity initiative MiningForGood, which will mine Ether in a bid to help the local community and also inspire the coming generation to bring change in their community and around the world. Crypto to Uplift Sacramento Community In a statement by the team’s owner and chairman, Vivek Ranadivé said,…

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Since January 2018, bitcoin and the entire altcoin markets have slumped in value under the massive weight of bear forces. So far, the world’s flagship virtual currency has dropped a substantial percentage of the gains it made in 2017, crashing from a high of $20,000 last December to a meager ~$6,500 at press time. Bitcoin Transactions on the Increase Conversely,…

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We’re still in the early days of actually using cryptocurrencies for anything besides investment assets. The continued expansion of the crypto-scene will require more mainstream use of the currency in ways outside of the standard buying and selling on the dips and peaks of the volatile new market. One of the larger companies making this foray into real use cryptocurrency…

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The remittance industry is a massive market worth billions of dollars. Every day, migrant workers from all parts of the globe send money to their families in their home countries via various remittance-focused firms such as Western Union, MoneyGram, and a handful of alternatives. A Powerful Alliance However, more than a few challenges are plaguing this method of money transfer….

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Government pressure is beginning to seep into the soul of our supposedly decentralized crypto ecosystem, and businesses are now reviewing their operations to suit the statutes of regulatory authorities to get into trouble. As such, the bitcoin payment processor, Bitpay, has updated their terms of use. With these updated terms, quite a number of merchants will soon be unable to…

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The multinational global e-commerce corporation is “seriously considering” cryptocurrencies as a payment method, but Senior Vice President of eBay Americas Scott Cutler believes it’s not ready for such a big move. eBay Drops Paypal for Adyen According to Cutler, the e-commerce portal could take on cryptocurrencies as payments. In an interview with Yahoo Finance, the vice president accedes the present…

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According to multiple reports on the internet, Microsoft has quietly taken down the option that enabled purchases on its online store to be made using bitcoin. According to discussion threads on several cryptocurrency forums, it seems that the move was first publicly noticed around the start of January 2018 without any official statement from the company. Bitcoin Support When contacted,…

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The digital currency industry has had a difficult time parting itself from hundreds of scams and financial plots which earned the industry a bad name. Almost every month, we hear about a new attack or hoax in the cryptocurrency ecosystem. Change of Heart In yet another scandalous move, BitPay was accused of trying to manipulate the market shortly before christmas….

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A backlash against BitPay for misleading users has resulted in their software being forked, meaning its code will be altered so that users have a Bitcoin Core based option for bitcore. On August 18, Bitcoin developer Nicolas Dourier begun to fork the code from BitPay’s bitcore so that merchants can get paid in bitcoin while avoiding upgrading to SegWit2x, which…

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