Payment network Square has seen the value of its shares jump as a direct response to its Bitcoin integration. Square Shares Up 30% In 30 days After its announcement last week it was giving Bitcoin payments a limited trial for customers, Evercore ISI said the move was a major benefit to the business. “Following our meeting Wednesday with CFO Sarah Friar, we are upgrading Square to outperform,” analyst Rayna Kumar wrote to clients quoted by
Former hedge fund manager turned cryptocurrency investor Mike Novogratz just said he believes institutional investors are only weeks away from adopting Bitcoin and Ethereum en masse. Novogratz also said this Wall Street “migration” will cause crypto prices to surge. Fortress Investment Group alumni Mike Novogratz once again offered his bullish opinions on the crypto space in new comments from the first day of New York’s Reuters Global 2018 Investment Outlook Summit. “The institutionalization of this space
Bitcoinist spoke with Cryptograffiti, who runs one of the most popular crypto art design and merchandise companies in the space under the same name. Cryptograffiti reveals what is the most popular design and explains why art is so important in educating the public even in a hi-tech field like Bitcoin. Bitcoinist: First, do I refer to you as Cryptograffiti or do you have a name? Cryptograffiti (CG): Cryptograffiti works! Bitcoinist: How did you first get into
Bitcoin’s base of supporters is growing and increasingly pouring money into the cryptocurrency ecosystem. Now, this base is attracting financial giants, who are becoming familiar with Bitcoin’s value and perceiving its fantastic potential. As a result, they are seriously starting to invest in the cryptocurrency. For example, Bill Miller is successfully investing a third of his hedge fund’s capital in Bitcoin. Once a Successful Stock Market Investor, Now a Successful Bitcoin Investor Influential investor Bill
Apple is internally expanding tests of its new Apple Pay Cash feature, thus further intensifying the battle for the supremacy of the mobile payment ecosystem. Moreover, Bitcoin’s advances and Apple’s latest efforts further underscore the obsolescence of the banking industry. Bitcoin, Apple, and Peer-to-Peer Payment Solutions Apple is enhancing its Apple Pay application by adding the Apple Pay Cash feature to facilitate person-to-person money exchanges. According to Apple’s website: You can make secure purchases in
A Japanese company, GMO Internet Group, is looking to jump into bitcoin mining with new chips that could start a digital arms race. One thing you can say about the subject of bitcoin mining is that it’s never dull. New players and technologies continue to rise up to keep everything interesting. The newest player to venture into bitcoin mining is GMO Internet Group, which is based in Tokyo, Japan. The company has long been associated
Popular Russian farm produce chain LavkaLavka has announced accepting Bitcoin from July 17th on their website as well as all of its stores and cafes. Russian Farm Produce Chain Embraces Bitcoin Moscow-based LavkaLavka has enabled Bitcoin payments at all of their stores, cafes and produce markets. LavkaLavka is a farmers’ cooperative uniting small and midrange farms across Russia. It delivers fresh, natural, seasonal food produced in Russia – one of the few countries in the
Blockchain industry executives and experts reveal how blockchain technology can affect our everyday lives ten years from now. How will the blockchain change our everyday lives in 2027? If you’re into crypto, then you’re probably aware of how it is changing your quotidian. For starters, you’re probably checking price charts every so often. But other than that, blockchain technology is slowly creeping into our everyday lives and becoming a vital piece of it. From online
The increasing number mining pool support for BIP91 and SegWit has pushed bitcoin price upwards as a split seems to have been avoided. Disaster Averted So it looks like disaster averted, or at the very least postponed. We’ve had what seemed like an eternity of discussion, with no sign of a consensus looming. But now it looks like the battle for Bitcoin’s (immediate) future, has been won within hours of the first shots being taken.
BitBike, a P2P bike sharing startup using Bitcoin for payment, is currently looking for votes to determine the first cities for launch. ‘AirBnB’ for Bikes with Bitcoin The aim of the bike hire initiative is for people to both rent their own bike and hire them out to other BitBike members using a mobile phone app. Users will be able to browse bikes that are currently available and the BitBike website promises that there will
BIP91 blocks have been successfully mined by BiXin and Antpool helping to allay fears that Bitcoin could split in the face of incompatibility between rival Segwit2x and BIP148 implementations. BIP91 (or Bitcoin Improvement Proposal 91) is the work of software engineer James Hilliard, it addresses incompatibilities between the competing SegWit2x and BIP148 protocols. Both bring SegWit to Bitcoin, except that SegWit2x refuses communication with BIP148, which would effectively cause Bitcoin to split in two. What’s
Champion of Bitcoin in the online retail space Overstock.com is flummoxed that the adoption of Bitcoin in their marketplace has regressed rather than exploded with the digital currency boom. Jonathan Johnson, chairman of the board at Overstock, has said it is ‘crazy’ that more retailers are not accepting Bitcoin as his company continues to see growth in digital currency transactions in their store. In recent research, brought out by banking group Morgan Stanley, it was
With cryptocurrency adoption rapidly rising, more and more companies and institutions are offering Bitcoin and blockchain services. Austrian Post Office and Bitpanda partnership In a new report, the Austrian post office, and the Bitcoin exchange Bitpanda partnered up together to offer Bitcoin, litecoin, ethereum and dash at 1,800 post branches all over Austria. Thanks to this partnership, customers will be able to safely and easily buy various cryptocurrencies with euros at all post branches in Austria.
The country of Colombia recently clarified its stance on Bitcoin, following previous reports from 2016 that it had been declared illegal there. Bitcoin Was Never Banned in Colombia Colombia caught the attention of the cryptocurrency community in late 2016 when reports began appearing that the country had outlawed digital currency. The alarm was raised by an article (text in Spanish) written by Julián Villabona Galarza for the PanAm Post, which then spread on social media and was picked up by other
Banks must start offering cryptocurrency wallets before they get left behind, argues guest writer Bijan Shahrokhi at Venturebeat. Surge in Price Results in Investor Interest Shahrokhi, senior product manager in the financial industry, and previously the co-founder and CEO of Virtual Next, has a few suggestions as to why banks should adopt cryptocurrency wallets. With the current surge in cryptocurrencies’ value, they are quickly becoming a new global market for assets and banks are being left in the dust.
Telecommunications giant AT&T was recently awarded a patent for a Bitcoin-based “Decentralized and distributed secure home subscriber server device.” AT&T’s Bitcoin-Based Subscriber Server In the midst of the current Bitcoin frenzy, where regular users and traditional investors are looking at it as a safe haven investment or a cheaper payment method, some companies are realizing the value in its underlying technology and the applications that can be built on it. This is the case with telecommunications
UK’s most popular investment platform, Hargreaves Lansdown, will soon allow its clients to invest in Bitcoin. Hargreaves Lansdown Hargreaves Lansdown, the administer £70bn of investor money with 876,000 clients, has announced it will allow customers access to invest in Bitcoin. “By adding self-service, online dealing, the team at Hargreaves Lansdown is providing UK investors with professional and quick access to bitcoin in the UK and greater Europe,” Ryan Radloff, XBT’s head of investor relations told the Telegraph. This follows the recent
Though a Bitcoin scaling agreement was reached at the recent Consensus conference in New York, many companies are increasingly supporting a User-Activated Soft Fork (UASF) as a means to activate SegWit. UASF Still on the Table Although reports have stated that the Bitcoin scaling debate may be coming to an end due to what has been known as the ‘Barry Silbert Agreement,’ recent developments indicate that it may still be far from over, leaving other options like the
Entrepreneur and cryptocurrency fund creator Barry Silbert has concluded the community is behind SegWit after canvassing businesses and miners. Silbert SegWit Support Echoes Coin Dance In a series of Twitter posts, Silbert announced he had at least 50 businesses who had “signed on” to his preferred Bitcoin scaling solution – SegWit with a block size increase to 2 megabytes within 12 months. This was followed by almost 80% of network hashrate coming from miners who
Bitstamp and Poloniex have reported a surge in new users as cryptocurrency prices and press coverage pique mainstream interest. Poloniex: Users Up 600%, Transactions 640% in 4 Months Poloniex, commonly considered the go-to resource for crypto-to-crypto trading, released data showing a 600% increase in user numbers, while first-time traders caused Bitstamp to warn about delays to support response times. “As digital currencies continue to gain in popularity, the increase in the number of new traders
Airbitz has partnered with Sphre to secure their Blockchain-Based Identity Management Platform, AIR. Airbitz Partners with Blockchain-Based Identity Firm Sphre, a blockchain-based identity management firm, announced their partnership with Airbitz, one of the most popular mobile Bitcoin wallets and a data security platform with over 140,000 users. Airbitz has been working on its Edge Security Platform since the company’s inception, focusing on providing a secure and easy-to-use solution for decentralized blockchain projects and dApps as a means enhance
Bitcoin entrepreneur Charlie Shrem shared his views on the scaling debate, stating that “it’s not about technology anymore, it’s about power.” Shrem: ‘It’s About Power’ Charlie Shrem, Bitcoin entrepreneur and co-founder of Intellysis, was present in today’s episode of the Double Down show, dubbed “Does Block Size Matter?” with the usual hosts Max Keiser and Stacy Herbert. During the show, Shrem expressed his thoughts regarding the current state of the scaling debate or as Herbert called
The total market capitalization of all cryptocurrencies has not only broken the $30 billion dollar mark for the first time ever, but is growing at an accelerating pace. Crypto Cracks $30 Billion Market Cap & Counting It looks like Coinmarketcap website will need a bigger chart as cryptocurrencies are now above the $30 billion dollar market capitalization line. This is indeed a big milestone for cryptocurrencies in general, which are now growing at the fastest