Air travelers will soon be able to spend some satoshis in stores and cafes at Brisbane Airport. Major retailers will be accepting several cryptocurrencies, including bitcoin. The promise: “unprecedented digital currency experience” in the airport terminals. More than 20 merchants in the Brisbane area now take cryptos thanks to a local startup that is working […]
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Running a major cryptocurrency exchange can be a logistical nightmare, but the rewards make it all worthwhile. In information released to shareholders this week, Coinbase revealed that it recorded turnover of $1 billion last year, which works out at an astonishing $2.74 million a day or $2,000 a minute. Also read: South Korean Card Companies Block […]
The post Coinbase Is Making $2.7 Million a Day appeared first on Bitcoin News.
Back in 2016, the number of full nodes within the Bitcoin core network was dropping. At the time, Bitcoin enthusiasts thought the amount of nodes would continue to decline and the metric was used heavily in the scaling debate. However, in contrast to many people’s predictions, the count of full node BTC implementations has been […]
The post As Blockchains Grow Bigger, Full Node Counts Increase appeared first on Bitcoin News.
This week the UK-based company Blockchain has announced it has begun to roll out buying and selling features for U.S. residents. Starting now Blockchain Wallet users from 22 states can sell units of bitcoin core from within the wallets interface and other digital assets like bitcoin cash and ethereum will soon follow. Also read: Markets Update: […]
The post Blockchain Rolls Out Trading Feature for 22 States in the U.S. appeared first on Bitcoin News.
Through late 2017 and early 2018, ripple was the darling of cryptocurrency. Mainstream media couldn’t get enough of it, South Koreans couldn’t get enough of it, and nor could crypto newcomers, who had XRP top of their shopping list. Crypto moves at a blistering pace, though, and ripple’s decline has been as rapid as its […]
The post The Rise and Fall of Ripple is a Case Study in Mass Hysteria appeared first on Bitcoin News.
The Foundation for Defense of Democracies’ Center of Sanctions and Illicit Finance in conjunction with blockchain analytics company, Elliptic, has published a study seeking to track the circulations of illicit funds within the bitcoin economy from 2013 to 2016. The research concludes that the share of funds of illicit origin comprises less than one percent […]
The post New Research: Laundering of Illicit Funds Less than 1% of Bitcoin Transactions appeared first on Bitcoin News.
Cryptocurrency exchanges have been overrun for months, as record demand has caused throttling or restriction of service altogether. With exchanges buckling under the strain, a number of platforms have been forced to temporarily shut their books. On Thursday, Bitstamp announced plans to recruit 100 new call center staff as it struggles to feed the crypto […]
The post Overwhelmed Cryptocurrency Exchanges Are Hiring Staff by the Hundreds appeared first on Bitcoin News.
Ponzi lending smart bot scam Bitconnect finally did what most sane observers predicted long, long ago. It went splat. And it didn’t collapse due to government pressure, nor flurries of bad press, and certainly not from DDoS hacking attacks. The story is more of a ballad, a great object lesson, and it is the lie […]
The post Autopsy of the Bitconnect Implosion: Ponzi, Centralization, Governance appeared first on Bitcoin News.
The South Korean Fair Trade Commission (KFTC) does not have the authority to close cryptocurrency exchanges. “It is impossible in reality,” said the KFTC chairman. The agency is currently investigating 13 major exchanges operating in the country for alleged violations of the e-commerce law. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto […]
The post South Korean Regulator: In Reality Impossible to Close Cryptocurrency Exchanges appeared first on Bitcoin News.
Virginia Beach, Virginia isn’t exactly known as a hotbed of bitcoin mining activity, but that appears to be changing, and soon. A local company has sunk 65 million USD into a giant facility, as the resort town attempts to become a hub for data centers. Also read: Have Lunch with Bitcoin Jesus in Paradise 65 Million […]
The post New US $65 Million Bitcoin Mining Facility is Among Largest Data Centers in North America appeared first on Bitcoin News.
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