Payments News

On The Web

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Systems

Bitcoin, other cryptocurrencies plunge on wave of bad news

“The penny dropped for cryptocurrencies like Bitcoin on Wednesday as prices plummeted on bad news from Google, international regulators and Congress. Major cryptocurrencies fell by double-digit percentages on legitimate markets Wednesday after a triple whammy of adverse developments: Google announced that it will ban cryptocurrency-related ads, the International Monetary Fund called for a worldwide regulatory […]
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Systems

Infographic: what if Bitcoin were a country?

“Bitcoin is currently worth more than some of the most successful companies in the world, and not only companies, but also countries! It is worth more than some countries, based on their GDP. CoinList looks at how competitive Bitcoin would be on the world stage, as a country, in this infographic:”
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Regulation

European bankers scoff at bitcoin for its risk, huge energy inefficiency

“On Wednesday, a top German central banker told a conference in Frankfurt that replacing cash with bitcoin and similar cryptocurrencies is too risky and inefficient to be an effective medium of exchange. “For a stable monetary and financial system, we need no crypto-tokens, but rather central banks obligated to price stability and effective banking regulation, and we […]
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Companies

Coinbase Cuts Off New Credit Cards for US Customers

“Making the announcement through its official blog post on Feb. 13, Coinbase said the platform currently is unable to offer a smooth credit card purchase experience. As a result, it has “disabled adding new credit cards as a payment method for U.S. customers.” The move is a follow-up to the platform’s previous confirmation that credit cards issued by four […]
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Systems

Lightning Labs Launches Beta With Twitter CEO Backing

“A version of bitcoin’s much-anticipated Lightning Network is finally ready for real users. Announced today, California startup Lightning Labs has officially launched a beta version of its software (LND), making available what investors and project leads say is the first thoroughly tested version of the tech to date. This means that users can now leverage LND to send bitcoin and litecoin […]
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Systems

A Quantitative Analysis of the Impact of Arbitrary Blockchain Content on Bitcoin

“The possibility to store non-financial data on cryptocurrency blockchains is both beneficial and threatening for its users. Although controlled channels to insert nonfinancial data at small rates opens up a field of new applications such as digital notary services, rights management, or non-equivocation systems, objectionable or even illegal content has the potential to jeopardize a […]
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Systems

Bad stuff on the blockchain: Bitcoin’s (BTC) Story May Have Come To An End

“Apparently, Bitcoin’s (BTC) distributed ledger is being used, besides storing monetary information, to store hideous links and data connected to some hundreds of files with illegal pornographic content of underaged children. Over 1600 files found in 1.4% of the blockchain, with a couple of them containing links to the sexually abusive imagery of young children, […]
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Systems

Bitcoin’s Computing Power Growth Is Outpacing The Bitcoin Price

“The sudden rise in the bitcoin price, which climbed from around $1,000 at the beginning of last year to almost $20,000 by December, led to a huge influx of new miners adding their computing power to the bitcoin network. However, despite bitcoin’s price stumble in 2018, the hash rate has continued to grow — increasing over […]