Author: Jeffrey Gogo

A New Bitcoin World

Paypal Launches Business Unit Dedicated To Cryptocurrency

Paypal Launches Business Unit Dedicated To CryptocurrencyPaypal is launching a new business unit dedicated to cryptocurrency services, the company chief executive officer Daniel Schulman announced this week. In an earnings call on February 3, 2021, Schulman said the existing financial system is outdated and that his firm will be investing a lot of money into blockchain and digital currencies. Schulman explained: […]


February 6, 2021 0

Canadian Crypto Company Increases Its Bitcoin Treasury Holdings to $3.6 Million

Canadian Crypto Company Increases Its Bitcoin Treasury Holdings to $3.6 MillionBIGG Digital Assets, a Canadian crypto company, revealed this week that it bought 40 additional bitcoins for long-term treasury holding. The purchase increased BIGG’s reserves to 189.5 bitcoins valued at US$3.63 million in total. The Canadian Securities Exchange-listed firm spent about CAD$1 million ($775,000) on its latest buy. The company said it “believes strongly in […]

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December 10, 2020 0

Paypal Bought 70% of All Newly Mined Bitcoin Last Month as Demand Rockets

Paypal Bought 70% of All Newly Mined Bitcoin Last Month as Demand RocketsPaypal bought up to 70% of all the newly mined bitcoin since the payments giant started offering cryptocurrency services four weeks ago. Now that’s according to estimates by hedge fund manager Pantera Capital, as revealed in its latest monthly blockchain letter. Together with Square’s Cash App, the two companies are buying more than 100% of […]

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November 21, 2020 0

Venezuela To Start Using Cryptocurrency in Global Trade in Efforts To Fend off U.S. Sanctions

Venezuela president Nicolas Maduro says the country is to start using cryptocurrency in both domestic and global trade, as part of efforts to neutralize crippling U.S. economic sanctions. Speaking in the country’s parliament on Sept. 29, Maduro revealed that the move will “give new strength to the use of petro and other cryptocurrencies, national and […]

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October 1, 2020 0

Argentina Government Refuses to Pay $4M Bitcoin Ransom to Hackers Who Paralyzed Its Borders

Argentina Government Refuses to Pay $4M Bitcoin Ransom to Hackers Who Paralyzed Its BordersThe government of Argentina has reportedly refused to pay a $4 million bitcoin ransom demanded by hackers who hijacked the country’s immigration systems, temporarily crippling cross-border movements. On Aug. 27, the cybercriminals – now identified as a group calling itself Netwalker – hacked Argentina’s immigration agency, Dirección Nacional de Migraciones, in an attack that halted […]

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September 9, 2020 0

Japanese Court Orders Seizure of Cryptocurrency Linked to Coincheck Hack of 2018

Japanese Court Orders Seizure of Cryptocurrency Linked to Coincheck Hack of 2018A court in Tokyo, Japan has ordered the seizure of crypto assets that have been traced back to the Coincheck hack of January 2018, The Japan Times reported Wednesday. More than $530 million worth of the NEM (XEM) cryptocurrency was stolen from the exchange two years ago in what turned out to be the crypto […]

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August 20, 2020 0

European Digital Bank Revolut Expands Bitcoin Trading Services to 49 US States

European Digital Bank Revolut Expands Bitcoin Trading Services to 49 US StatesBritish digital bank Revolut said Wednesday that it will start offering its cryptocurrency trading services in the U.S. Users in 49 U.S. states, excluding Tennesee, can now buy and sell bitcoin (BTC) and ethereum (ETH) through the Revolut app, it said. They can also store their digital assets in the app and cash out instantly. […]

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July 16, 2020 0

Venezuelans Can Now Use Bitcoin to Pay for Goods at 20,000 PoS Terminals

Venezuelans Can Now Use Bitcoin to Pay for Goods at 20,000 PoS TerminalsVenezuelans will now be able to use bitcoin to pay for goods and services at more than 20,000 point-of-sale (PoS) terminals throughout the struggling South American country. This follows a deal between Panamanian crypto exchange Cryptobuyer and local payments processor Mega Soft to connect some of Venezuela’s biggest retail chains for this purpose. Stores that […]

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May 18, 2020 0

Spain’s 2gether Unveils Crypto Debit Card, as Polispay Is Forced to Cancel Its Mastercard

Spain's 2gether Unveils Crypto Debit Card, as Polispay Cancels Theirs2gether, a Spanish banking platform, has announced the launch of its prepaid Visa debit card that allows holders to pay for goods and services using cryptocurrency. Customers can use the card to make payment in euros or via bitcoin core, bitcoin cash, ripple, ethereum, EOS, litecoin and stellar. Also read: Cboe Discontinues Bitcoin Futures for […]

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March 18, 2019 0

Startup Company Sets up Bitcoin ATM in Botswana

Company Sets up Bitcoin ATM in BotswanaExpress Minds Ltd has set up a bitcoin automated teller machine (BATM) in Gaborone, Botswana, increasing the number of the machines on the continent to 10. The fiat-to-crypto machine allows users to purchase bitcoin by scanning a QR code for their wallet address, feed money into the machine and get the crypto equivalent automatically assigned […]

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March 4, 2019 0