On The Web

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Companies

Square Sees Profits From Bitcoin Sales Double In Q2

August 2 2018

• in
• Bitcoin
• Square

“Mobile payments firm Square said it made $37 million in revenue from bitcoin sales in the second quarter of 2018. The company released an unaudited quarterly financial report on Wednesday, which indicated it made an overall net revenue of $814 million, 6 percent of which came from the cryptocurrency buying service added to its Cash App late […]

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Systems

Bitcoin’s Computing Power Growth Is Outpacing The Bitcoin Price

July 11 2018

• in
• Bitcoin

“The sudden rise in the bitcoin price, which climbed from around $1,000 at the beginning of last year to almost $20,000 by December, led to a huge influx of new miners adding their computing power to the bitcoin network. However, despite bitcoin’s price stumble in 2018, the hash rate has continued to grow — increasing over […]

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Systems

BitPay Targets Physical Stores for Cryptocurrency With a Refreshed Checkout App

April 25 2018

• in
• Bitcoin

“BitPay introduced its Checkout app, which works on Android and iOS smart phones and is aimed specifically at physical retailers, in November 2014. Now, the update introduces a redesign of the app and includes a feature called Payment Protocol, which the company says can reduce user errors, such as over- or under-payments, payments sent to […]

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Systems

Bitcoin’s Use In Commerce Keeps Falling Even As Volatility Eases

August 3 2018

• in
• Bitcoin

“A lot fewer people than you probably would have guessed. After peaking at $411 million in September, the amount of money the largest 17 crypto merchant-processing services received in the best-known cryptocurrency has been on a steady decline, hitting a recent low of $60 million in May, according to research that startup Chainalysis Inc. conducted […]

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Companies

Square Expands Cash App Bitcoin Service to All 50 US States

August 15 2018

• in
• Bitcoin
• Square

“Mobile payments firm Square now lets customers buy and sell bitcoins via its Cash App in all 50 U.S. states. The company – which was co-founded by Twitter chief executive Jack Dorsey – announced the service expansion through a Tweet on Monday, months after the firm initially rolled out the bitcoin service to investors in the country.”

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Systems

Cryptocurrency ATMs coming to Argentina to exploit peso volatility

October 5 2018

• in
• ATM
• Bitcoin
• Cryptocurrencies

“Argentina could get up to 30 automated teller machines that buy and sell bitcoin by the end of the year, industry representatives said, an expansion of the cryptocurrency market amid an economic crisis that has seen the peso’s value tumble.”

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Companies

Google And Goldman Back Bitcoin Startup For Small Businesses

September 27 2018

• in
• Bitcoin
• Blockchain
• Cross-border payments
• Veem

“Led by banking giant Goldman Sachs, with GV (formerly Google Ventures), Kleiner Perkins, Silicon Valley Bank, Trend Forward Capital, and Pantera Capital also participating, the investment in enterprise-payments startup Veem is primarily a move to accelerate the firm’s exponential growth.”

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Infographic

Infographic: which country trades the most Bitcoin?

August 20 2018

• in
• Bitcoin

“UK-based TotalCrypto has created this cool and concise infographic to explain Bitcoin trading volume by country.”

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Systems

Crypto Mining Becomes Less Profitable, Shifts Towards ‘Bigger Players,’ Report Shows

October 10 2018

• in
• Bitcoin
• Cryptocurrencies

“As per the Diar report, the rewards and fees for BTC miners have already reached $4.7 billion in the first three quarters of 2018, around $1.4 billion more than the profits in all of 2017. Miners still gain 54,000 Bitcoin monthly, the outlet continues. However, mining is gradually becoming profitable only for “big guns” as electricityprices are constantly increasing. […]

On The Wires

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Systems

INTERCONTINENTAL EXCHANGE ANNOUNCES BAKKT, A GLOBAL PLATFORM AND ECOSYSTEM FOR DIGITAL ASSETS

August 6 2018

• in
• Bitcoin

“Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges, clearing houses, data and listings services, announced today that it plans to form a new company, Bakkt, which intends to leverage Microsoft cloud solutions to create an open and regulated, global ecosystem for digital assets. The new company is working with a marquee group of organizations […]