On The Web

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Systems

Bitcoin and Ethereum fall to lows not seen since 2017

November 19 2018

• in
• Bitcoin
• Cryptocurrencies
• Ethereum

“Nobody knows why the cryptocurrency market has turned into such a bloodbath—just as no one really knew why cryptocurrencies enjoyed such a spectacular rise a year ago. But it seems likely that one factor is the ongoing turmoil of Bitcoin Cash, the third most valuable decentralized cryptocurrency.”

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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. […]

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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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Systems

Ohio becomes the first state to accept bitcoin for tax payments

November 26 2018

• in
• Bitcoin
• Government

“Starting Monday, businesses in Ohio will be able to pay their taxes in bitcoin — making the state that’s high in the middle and round on both ends the first in the nation to accept cryptocurrency officially. Companies that want to take part in the program simply need to go to OhioCrypto.com and register to pay in crypto whatever […]

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Systems

Bitcoin Price Suffers Worst Monthly Losing Streak in 7 Years

January 2 2019

• in
• Bitcoin

“Bitcoin (BTC) chalked up its longest monthly losing streak in seven years in December. The leading cryptocurrency by market value closed at $3,689 on Dec. 31, representing a 13 percent drop from the monthly opening price of $4,241. That was the fifth straight monthly loss – its worst period since November 2011 – according to CoinDesk’s Bitcoin […]

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Systems

Daily bitcoin transactions on darknet markets doubled throughout…

January 21 2019

• in
• Bitcoin

“Use of bitcoin as a form of payment doubled in 2018 on darknet market sites, where users can buy anything from illegal drugs to fake IDs, even though the price of the cryptocurrency crashed, according to a study by data firm Chainalysis.”

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Systems

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

February 7 2019

• in
• Bitcoin

“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

• in
• Bitcoin

“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 […]

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

• in
• Bitcoin

“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 […]