Payments News
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Systems

Cash May Not Be King, but It’s Still Royalty

“Yet digital’s gain isn’t necessarily coming at the expense of cash. The overall pie still appears to be growing. Only two countries, Russia and Sweden, had a net substitution of cards for cash from 2007 to 2016, with cash in circulation shrinking as card payments grew, according to the Bank for International Settlements. In other […]

On The Web

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Systems

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

“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 […]
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Systems

Most Bitcoin Trading Faked by Unregulated Exchanges, Study Finds

“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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Opinion

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

“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

Twitter Planning Bitcoin Payments As Tips on Its Platform

“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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Systems

Bitcoin Sinks Below $5K Despite Fed Reserve’s Slashing of Interest Rates

“The cryptocurrency slumped below $5,000 as the European trading day got underway, according to CoinDesk’s Bitcoin Price Index . After breaching the psychological milestone at just before 07:00 UTC, the largest cryptocurrency by market cap was coming close to falling past $4,500 at 08:00 at press time, down 16 percent over 24 hours. Other cryptocurrencies […]
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Systems

Bitcoin Hits 10-Month Low Below $6K As Stocks Plunge in Massive Sell-Off

“The top cryptocurrency by market value plunged to as low as $5,678 – the lowest level since May 2019 – soon before press time. That represents a 25 percent drop on a 24-hour basis, according to CoinDesk’s Bitcoin Price Index . However, just as quickly, prices rebounded to over $6,550. Meanwhile, major European equity market indices […]
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Companies

Square Unveils Bitcoin Auto Payments Tool

“Dorsey said on Twitter – that other company he runs – that Cash App had, from Monday, enabled automatic purchases of bitcoin at regular intervals, such as daily, weekly or fortnightly. Although there’s a minimum $10 purchase, the new feature provides users with the ability to gradually gain exposure to the original cryptocurrency without exposing […]
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Systems

Large Bitcoin Player Manipulated Price Sharply Higher, Study Says

“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 […]