On The Web

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Systems

FinCEN Links More Than $5 Billion in Bitcoin Transactions to Ransomware – Bitcoin News

October 20 2021

• in
• Bitcoin

“FinCEN, the U.S. Financial Crimes Enforcement Network, found that more than $5 billion in bitcoin transactions were linked to payments made to the top-ten most popular ransomware variants. These findings were published by the institution in a report titled “Ransomware Trends in Bank Secrecy Act Data Between January 2021 and June 2021,” which summarizes the […]

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Systems

Jack Dorsey’s Square Plans to Build an Open-source Bitcoin Mining System

October 18 2021

• in
• Bitcoin

“Dorsey believes that further decentralizing the Bitcoin network will be critical for securely settling the transactions “well after the last bitcoin is mined.” Moreover, Square’s system aims to deliver energy-efficient mining solutions by innovation in silicon, software and integration. The initiative will be led by Jesse Dorogusker, Square’s hardware lead, who previously helped launch Square’s […]

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Systems

Twitter Accelerates Again With Bitcoin Tips, NFTs, Recorded Spaces, Creator Fund and More

September 23 2021

• in
• Bitcoin

“Twitter’s slate of new product announcements is not slowing down. The company today introduced a number of new initiatives aimed at better serving the conversations and community using its platform, including support for tipping with crypto, NFT authentication, and plans for other experiments designed to provide more context about a conversation to those just joining […]

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Systems

El Salvador’s Adoption of Bitcoin Is Off to a Rocky Start

September 8 2021

• in
• Bitcoin

“El Salvador faced a rocky transition in its adoption of Bitcoin as legal tender on Tuesday. The government’s app for facilitating transactions — its “digital wallet” — went offline temporarily, protesters took to the streets of the capital to denounce the move, and the price of Bitcoin dropped sharply, demonstrating the volatility of the cryptocurrency […]

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Systems

MVB Bank to Offer Bitcoin and Banking Platform to Fintechs

September 8 2021

• in
• Bitcoin

“MVB Bank Inc. and Victor Technologies Inc. on Tuesday said they were entering a partnership which will help MVB Bank integrate Bitcoin into its banking-as-a-service solutions. MVB Bank and Victor said they will work with NYDIG, a technology and financial services firm dedicated to Bitcoin. MVB said it will be able to offer its fintech […]

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Systems

El Salvador Bought $21 Million of Bitcoin As It Becomes First Country to Make It a Legal Currency

September 7 2021

• in
• Bitcoin

“El Salvador bought roughly $20.9 million worth of bitcoin , one day before it formally adopts the world’s most popular cryptocurrency as legal tender .  In a series of tweets Monday, President Nayib Bukele revealed that the country had purchased a total of 400 bitcoin, the first step in a larger push to add the […]

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Global

El Salvador Gets Ready for a Risky Bitcoin Experiment

August 27 2021

• in
• Bitcoin
• El Salvador

“In less than two weeks, El Salvador will become the first country to adopt bitcoin as a national currency . No one knows what comes next. The government of the impoverished Central American nation aims to spend up to $75 million as part of a plan to hand out $30 to people who sign up […]

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Systems

Amazon Denies Report of Accepting Bitcoin As Payment

July 28 2021

• in
• Bitcoin

“Amazon.com Inc (AMZN.O) on Monday denied a media report saying the e-commerce giant was looking to accept bitcoin payments by the end of the year. The report from London’s City A.M. newspaper, citing an unnamed “insider”, sent the world’s biggest cryptocurrency up as much as 14.5% before it trimmed gains to last trade 6% higher […]

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Systems

Amazon Rumored to Accept Bitcoin by End of 2021 and Develop Own Currency by 2022: Report

July 26 2021

• in
• Bitcoin

“Amazon has plans to accept the cryptocurrency bitcoin by the end of 2021, according to an anonymously sourced report in the London newspaper City A.M. And while this is just the word of one anonymous “insider” at the Seattle-based mega-retailer, bitcoin’s price skyrocketed overnight and it’s creating a lot of buzz in the world of […]

On The Wires

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Systems

Worldline and Bitcoin Suisse Launch WL Crypto Payments in Switzerland

September 1 2021

• in
• Bitcoin

“Today Worldline [Euronext: WLN] and Bitcoin Suisse announce the go-live of their omnichannel crypto payment solution for the more than 85’000 Swiss merchants in the Worldline network. Now all merchants in Switzerland using the Worldline point-of-sale and e-commerce payment services can let their clients pay in Bitcoin and Ether as easily as with other traditional […]