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“# Bitcoin moves $500K around the globe every second, says Samson Mow ” Blockstream’s Samson Mow wants to move the conversation away from Bitcoin’s (BTC) performance in transactions per second and toward its role in ushering in “a new financial paradigm,” that is, serving as a permissionless medium for the store and transfer of value….
“# Visa and BlockFi to launch Bitcoin rewards credit card as adoption grows ” Visa and BlockFi are teaming up to launch a new credit card that rewards users with Bitcoin (BTC), setting the stage for wider mainstream adoption of digital currency. BlockFi, a New York-based startup specializing in crypto-backed loans and savings accounts, announced…
“# Bitcoin Tuesday aims to raise $1M for good causes today ” Bitcoin Tuesday, a crypto-based charity event hosted by The Giving Block, is looking to raise at least $1 million in donations today and over the rest of the month of December. The fundraising target makes Bitcoin Tuesday one of the largest crypto-based charity…
“# Pizza Hut to accept Bitcoin for pies in Venezuela ” A famous U.S.-based pizza chain has begun accepting cryptocurrency payments in all its stores in Venezuela. According to a Nov. 27 tweet from crypto services firm CryptoBuyer, Pizza Hut stores in the South American nation now accept crypto as a form of payment for food…
“# PayPal CEO: Our platform will ‘significantly bolster the utility of cryptocurrencies’ ” PayPal’s chief executive believes cryptocurrencies are on the verge of mainstream adoption as more businesses and consumers flock to “digital payments and digital forms of currency.” In an interview with CNBC, PayPal CEO Dan Schulman said the COVID-19 pandemic has accelerated the…
“# Bitcoin shortage is real, and PayPal is the cause, Pantera Capital claims ” PayPal’s entry into the cryptocurrency market could be having a dramatic impact on the Bitcoin (BTC) price. In a newly published report, crypto investment firm Pantera Capital says a Bitcoin shortage is at the heart of the recent price surge and…
“# Poker network now gives ‘95% of payouts’ in Bitcoin — around $160M monthly ” Winning Poker Network, an online network that supports numerous online poker websites across the world, has reported a surge in demand for Bitcoin payouts. In an Nov. 19 report from Bloomberg, the CEO behind Winning Poker Network, or WPN, said…
“# Deloitte includes BitPay on top 500 tech companies list ” As cryptocurrencies continue gaining mainstream attention, some of the industry’s native companies have also joined the spotlight. Bitcoin payment processing company BitPay joined the ranks of 499 other important technology companies today. Big Four accounting firm Deloitte sees BitPay as one of North America’s…
“# Circle CEO Jeremy Allaire seems to already be using PayPal to buy Bitcoin ” There has been significant excitement in the industry since PayPal last week announced its intention to enter the cryptocurrency market. The rollout of new crypto services — the ability to both make crypto payments and buy cryptos directly in-app — has…
“# Not everyone in the crypto industry is thrilled about PayPal’s recent news ” While many in the industry were pleased with Bitcoin’s surge past $13,200 following an announcement that PayPal intends to integrate crypto into its network, some fail to see any benefits beyond the immediate price movement. According to an Oct. 21 blog…