Payments News

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Systems

Jack Dorsey’s Payments Company, Block, Is Building a System for Bitcoin Miners

“Jack Dorsey’s payments company Block (formerly Square) is going to start mining for bitcoin. In a string of tweets, Block’s general manager for hardware, Thomas Templeton, laid out the company’s plans for next steps.   Templeton says the goal is to make bitcoin mining — the process of creating new bitcoins by solving increasingly complex […]
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Systems

Square’s Decentralized Bitcoin Exchange Proposal Announced: tbDEX

“Square’s Bitcoin business TBD today released the whitepaper of its decentralized bitcoin exchange proposal, tbDEX, according to a statement posted on its website…The tbDEX protocol aims to bridge the gap between the fiat and bitcoin worlds, given that most people still receive their paychecks in fiat currency and pay taxes in fiat currency. The project […]
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Systems

Bitcoin Creator Satoshi Nakamoto Could Be Unmasked at Florida Trial

“A seemingly run-of-the-mill trial is playing out in Florida: The family of a deceased man is suing his former business partner over control of their partnership’s assets. In this case, the assets in question are a cache of about one million bitcoins, equivalent to around $64 billion today, belonging to bitcoin’s creator, the pseudonymous Satoshi […]
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Systems

Mode Global Partners With PayEscape to Pilot Bitcoin Payroll Program

“Mode Global Holdings PLC said Thursday that it has partnered with payroll provider PayEscape to launch a pilot of U.K.’s first Bitcoin Payroll product, with an internal test pilot underway. The fintech company said Bitcoin Payroll will deduct a portion of an employees net pay each month, converting it into Bitcoin and depositing it into […]
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Security

Identity Thieves Exploit El Salvador’s Chivo Bitcoin Wallet’s Setup Process

“Between Oct. 9 and Oct. 14, Cristosal, a human rights organization in El Salvador, received 755 notifications of Salvadorans reporting identity theft with their Chivo Wallets, Rina Montti, the group’s director of human rights research, told CoinDesk. In the majority of those cases, the affected Salvadorans tried to activate their wallets after they learned of […]
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On The Wires

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Systems

NYDIG Subsidiary Bottlepay Becomes the First Lightning Company to Be a Registered Cryptoasset Business With the FCA

“NYDIG, a leading bitcoin company, announced today that its subsidiary Bottlepay, a Bitcoin-based global payments company, has been granted registration as a Cryptoasset Business from the United Kingdom’s Financial Conduct Authority (FCA). Bottlepay is one of a small number of cryptoasset firms to have secured such approval and is the first Lightning Network payments company to have […]
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