Payments News

On The Web

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Systems

The plot to revive Mt. Gox and repay victims’ Bitcoin

February 7 2019

“Now a controversial crypto celebrity named Brock Pierce  is trying to get the Mt. Gox flameout’s 24,000 victims their money back and build a new company from the ashes. Pierce spoke to TechCrunch for the first interview about Gox Rising — his plan to reboot the Mt. Gox brand and challenge Coinbase and Binance for the title of top cryptocurrency […]
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Systems

Despite Bitcoin’s Dive, a Former Soviet Republic Is Still Betting Big on It

January 23 2019

“TBILISI, Georgia — For three years, a windowless warehouse on the edge of town has been whirring with enough energy to power nearly 50,000 homes. Day and night, the warehouse, and dozens of cargo containers in a windswept valley, are generating Bitcoin, the cryptocurrency that has created a virtual gold rush in the former Soviet […]
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Systems

Most Bitcoin Trading Faked by Unregulated Exchanges, Study Finds

March 22 2019

“Nearly 95% of all reported trading in bitcoin is artificially created by unregulated exchanges, a new study concludes, raising fresh doubts about the nascent market following a steep decline in prices over the past year. Fraudulent trading volume has dogged cryptocurrency trading for years, but the extent of the market manipulation has been difficult to […]
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Systems

Large Bitcoin Player Manipulated Price Sharply Higher, Study Says

November 5 2019

“A single large player manipulated the price of bitcoin as it ran up to a peak of nearly $20,000 two years ago, a new study concludes. The study reviewed the period between March 2017 and March 2018, when the price of bitcoin soared and its total market value rose to $326 billion. About half of […]
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Systems

Twitter Planning Bitcoin Payments As Tips on Its Platform

January 14 2020

“Twitter is considering a feature that would allow users to tip one another – in Bitcoins though. The Information reports that the micro-blogging platform is working on implementing a new payment feature to let people send money to each other. It is not yet clear whether the Twitter tipping feature would integrate with Jack Dorsey’s […]
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Opinion

2020 Could Be the Year Bitcoin’s Fee Market Is Put to the Test

October 7 2019

“The past two “halvenings” have passed without incident. Bitcoin’s price has increased consistently over the past two reward eras, so that the dollar amount of the block subsidy is now higher than it ever was in either of the earlier eras. The price has also grown about as fast or faster than overall transaction volume. […]
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Systems

Bitcoin Has Surged Above $8,000 and Theories Around Why Abound

May 14 2019

“Bitcoin is now trading at around $8,130, up a whopping 60.84 percent over the past month, with the price surging $3,086.14 over the period. The cryptocurrency’s meteoric rise is reminiscent of its rocketing growth in the latter half of 2017, when prices reached over $18,400 on the back of buoyant capital markets, rampant speculation, and […]

On The Wires

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Systems

Nxt-ID Subsidiary FitPay® to Begin Shipments of Flip – a Contactless Payment Device for Bitcoin

January 11 2019

“Fit Pay, Inc., a wholly owned subsidiary of Nxt-ID, Inc. (NASDAQ: NXTD), today announced that it will begin shipping initial orders of Flip™, a new contactless payment device that enables Bitcoin holders to use the value of their currency to make contactless purchases at millions of retail locations. Confirmed pre-orders of Flip will begin shipping on February […]