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Tag Archive: Bitpay

Bitcoin, Bitcoin Acceptance, Companies, Litecoin, News, News teaser
Newegg Opening Bitcoin Payments to Canadian Customers

Newegg, North America’s leading technology-focused e-retailer, announced on Wednesday that the company is affording customers in Canada the option of paying for products with Bitcoin — citing increased mainstream awareness of the digital currency. ‘The Time Is Right’ Shoppers in Canada using popular e-retailer Newegg may now pay for purchases with Bitcoin. The addition of Canadian Bitcoin payments is long overdue, as payments in the dominant digital currency have been accepted from customers in the
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Adam James · March 30, 2018 · 9:00 am
Bitcoin, Bitcoin Businesses, Bitcoin Technology, Companies, News, News teaser
Is BitPay Lying About ‘Network Cost’ as Bitcoin Fees at Record Lows?

Cryptocurrency users continue to complain about unfair fees imposed by payment processors, with one calling out BitPay for charging a 0.2% transaction fee. BitPay ‘Lying About Network Cost’ During a purchase from Canadian merchant Newegg, which users BitPay as a processor, developer Jorge Timon additionally criticized BitPay’s practice of implying altcoin Bitcoin Cash (BCH, also known as ‘BCash’) is the same as Bitcoin (BTC). “Sad to see BitPay lie about ‘network cost’ of both bitcoin
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Wilma Woo · March 9, 2018 · 5:00 pm
Bitcoin, Bitcoin Debit Card, News, News teaser
Bitcoin Core Developer Scorns BitPay After Mass Debit Card Shutdown

Bitcoin Core developer Jonas Schnelli has hit out at payment processor BitPay after it suddenly “deactivated” all its non-US debit cards. Visa Wields Axe On Prepaid Cards In a message to users, BitPay explained that its card issuer, Wave Crest, “received direction from (Visa) to immediately close all accounts of its prepaid (Visa) debit card programs,” of which its prepaid Bitcoin debit card was one. A lack of notice meant the company had no choice
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Wilma Woo · January 5, 2018 · 7:45 am
Bitcoin, Bitcoin Acceptance, Bitcoin Businesses, Bitcoin Technology, Interviews
BTCPay is a Better (and Cheaper) BitPay, Says Core Developer Nicolas Dorier

Bitcoinist spoke with Bitcoin Core developer Nicolas Dorier who explains why BTCPay is not only a cheaper alternative to BitPay but also provides merchants and users with more control over their funds. What is BTCPay? BTCPay Server is an open-source payment processor that conforms to the invoice API of Bitpay. This allows easy migration of your code base to your own self-hosted payment processor. According to BTCPay, the service would be a good choice for
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Allen Scott · December 27, 2017 · 12:30 am
Altcoin News, Bitcoin, Bitcoin Cash, Bitcoin Debit Card, Breaking News, News, News teaser
BitPay to Add Support for Bitcoin Cash, Other Cryptocurrencies

BitPay is one of the most popular Bitcoin payment processing companies in the world. Today, they announced support for more cryptocurrencies, starting with implementing Bitcoin Cash to their payment platform and debit cards. BitPay is a point-of-sale company that allows traditional businesses to accept Bitcoin. They provide an easy to use means for users to pay with the popular digital currency, which is especially attractive to businesses that have customer bases that may not be
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Matthew Hrones · December 15, 2017 · 9:15 pm
Bitcoin, Bitcoin Technology, News, News teaser
SegWit, Tony? BitPay CEO’s Fee Estimates ’20x Too High’

BitPay CEO Tony Gallippi has received widespread condemnation after complaining non-SegWit Bitcoin fees were too high. Newbery: Customers Should Vote With Their Feet In a series of tweets, Gallippi, whose payment provider is yet to implement SegWit, implied Bitcoin was unspendable by over half of wallets. He had used a fee estimate “20x too high,” responses then retorted, with engineer John Newbery pointing out that fees for three previous blocks were 22 satoshis/ byte or
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Wilma Woo · November 17, 2017 · 6:00 am
Bitcoin, News, News teaser
Bitcoin Fees Fall 34% As Bloated Mempool Deflates

Amid anger and even despair over Bitcoin’s fees, the recommended rate per transaction has quietly dipped by 34% amid a drop in mempool size. Bitcoin Fees Fall But Delays Stretch On From a recommended 450 satoshis per byte, figures this week have fallen to just 300 according to unnamed sources quoted by crypto angel investor Alistair Milne. Headlines you don't see: "Recommended Bitcoin transaction fees crash 33% in 24hrs" … down from 450sats/byte to 300 and
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Wilma Woo · May 19, 2017 · 11:17 pm
Bitcoin, Bitcoin Businesses, Companies, News, News teaser
Bitpay Raises Invoice Minimum 2400%, CEO Says Bitcoin ‘Working Perfectly’

BitPay has announced it is raising its minimum invoice amount from 4 cents to $1 as an “exponential” increase in miner fees takes its toll. BitPay: Micropayments Becoming ‘Uneconomical’ In a release Wednesday, the payment provider said that amid record transaction volumes, the change “will protect consumers from creating un-economical transactions and remove our own risk for processing unprofitable transactions.” “Now that fees are reaching an average of $1 per transaction across the Bitcoin network,
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Wilma Woo · March 9, 2017 · 5:30 am
Bitcoin, Bitcoin Acceptance, Bitcoin Businesses, Bitcoin Education, Bitcoin Technology, Bitcoin Wallet
Top 7 Charts to Hit the ‘Bitcoin is Dead’ Crowd With

Here are the top seven most glaring charts showing that Bitcoin adoption is not only alive and well, but is also accelerating. Bitcoin Refuses To Die If you’re one of many who believes the current financial system will go up in a mushroom cloud, then Bitcoin is the cockroach that can survive the bank apocalypse. Though it’s been pronounced dead over one hundred times by critics, the media and even by former developers, it refuses to go
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Allen Scott · February 1, 2017 · 12:00 pm
Bitcoin, Bitcoin Acceptance, Bitcoin Businesses, Bitcoin Technology, News, News teaser
BitPay: Volume Up 1800% as Affiliate Networks Embraced Bitcoin in 2016

BitPay has revealed that its Bitcoin payouts volume has skyrocketed 1800% between 2015 and 2016 as the cryptocurrency makes inroads with third world businesses and the financially oppressed. [Editor’s note: The 1800% volume increase actually refers to bitcoin payouts, which the original article didn’t specify. It has been updated accordingly.] ‘An Exciting Alternative’ The unbanked and underbanked around the globe are quickly embracing Bitcoin, according to Sonny Singh, CCO at BitPay, an Atlanta-based Bitcoin payment processor. Bitcoin
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Allen Scott · December 13, 2016 · 5:30 am
Bitcoin, Bitcoin Businesses
Money 20/20: BitPay Announces New Mobile App

On Monday morning at the Money 20/20 conference in Las Vegas, BitPay announced the launch of their new BitPay App, a user-friendly bitcoin wallet that spans across all parts of BitPay’s ecosystem, including the open-source CoPay. Also read: Altcoin Report: Monero Shutting Down Until January BitPay Makes Big Announcement at Money 20/20 In a partnership with Intel, BitPay is enabling users to act as their own banks through securing private keys directly on ones
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Ryan Strauss · October 25, 2016 · 8:00 am
Bitcoin Breaking News Brief, Breaking Bitcoin News, Breaking News
Bitcoin Price Check: Ignoring the FUD

The price of Bitcoin has remained steady and has climbed this week from a slight drop from $445 back up to the $460 range after a wild week in crypto-land. Many people thought the price would take a significant hit when Craig Wright did his magic trick and fooled some of the industry leaders within the Bitcoin space. However, the price dipped only a touch by $10-15 and has matured across all trading platforms after
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Jamie Redman · May 8, 2016 · 10:05 am
Bitcoin, Bitcoin Community, Bitcoin Debit Card, News, News teaser, Trending
Industry Report: Dr. Satoshi, BitPay Launches Bitcoin Debit Card

There have been some crazy things happening in the world of digital currency since our previous industry report. Is it possible that the identity of Satoshi Nakamoto has been revealed? Los Angeles is now home to some new Bitcoin ATMs, and BitPay has introduced us to a new kind of credit card. Take a look at some of this week’s headlines below: Editor’s note: Since press time on this article, news has emerged of Craig
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Nick Marinoff · May 6, 2016 · 6:00 am
Bitcoin Breaking News Brief, Bitcoin Businesses, Breaking Bitcoin News, Breaking News
BitPay Launches Loadable Visa

BitPay the global merchant processor for Bitcoin announced a Bitcoin debit card during the Consensus event in New York. BitPay CEO Stephen Pair let attendees know about the Bitcoin-loadable Visa that can make point-of-sale (POS) transactions at brick and mortar locations. The card will available for $9.95 for anyone in the United States and loadable from any Bitcoin wallet. Also read: UniChange Giveaway: Free Virtual Bitcoin Debit Card BitPay Reveals It’s Bitcoin Loadable Visa Bitpay’s
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Jamie Redman · May 2, 2016 · 10:59 pm
Bitcoin, Bitcoin Conference, Conferences, FinTech, News, News teaser, Trending
Exclusive Discount: €600 off on Money 20/20 Europe

Money 20/20 Europe is coming up. The 3-day event starts on April 3 and runs until April 7th. Tickets for this conference are pretty expensive, so you will want to take advantage of Bitcoinist.net’s discount code and save €600. Also read: Coinify Processes Bitcoin Real Estate Sale By using the discount code BITCN200, €600 will be taken off the full price of delegate passes. You can use this now to get the discount on the
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Bitcoinist.net · March 11, 2016 · 9:42 pm
Bitcoin, Bitcoin Education, Bitcoin Investment, Bitcoin Security, Bitcoin Technology, Blockchain Technology, Companies, News, News teaser, Technology, Trending
Manifold Technology CEO Chris Finan: “Blockchain Is Inherently a Security Technology”

Manifold Technology is positioning itself to capitalize on the inevitable blockchain database industry. As Bitcoin’s blockchain technology continues to gain mainstream recognition from the very businesses that previously shunned it, large institutions still struggle to decide what to do with the blockchain. All they know is that this new technology is supposedly more secure, and they want to learn more about it. Also read: Uber Data Breach Proves Blockchain Model Needed Manifold Technology was founded
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Caleb Chen · February 15, 2016 · 12:00 pm
Bitcoin, Bitcoin Acceptance, Bitcoin Breaking News Brief, Breaking Bitcoin News, Breaking News, News, News teaser
Valve is Bringing Bitcoin to Over 125 Million Steam Users Worldwide

February 8, 2016 – Several lines found on Steam’s translation servers indicate Valve will be implementing bitcoin payment in their game DRM platform in future versions. They’ll be using the Bitpay API for handling in-store transactions. For privacy and security-minded gamers, as well as those in countries that suffer from region-locking and unfavorable pricing practices, this is a huge value-add. Also Read: Alibaba to Possibly use Blockchain for Alipay Service Valve Lays Groundwork for Bitcoin
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Tyson O'Ham · February 9, 2016 · 12:33 am
Bitcoin, Bitcoin Acceptance, Bitcoin Breaking News Brief, Bitcoin Businesses, Breaking Bitcoin News, Breaking News, Companies, News, News teaser, Start-Ups
Adyen Can Bring Bitcoin To Major Businesses Like Netflix And Uber

In the world of finance, there is no shortage of companies willing to process payments on behalf of businesses. Adyen is one of the most-valued European payment processing companies in the world today, and they have recently announced new partnerships with Netflix, Easyjet, and others. What makes this news even more interesting is how Adyen partnered with BitPay last year to work with Bitcoin payments as well. Also read: A Payment Processor’s Perspective: Interview with
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Jp Buntinx · January 14, 2016 · 12:50 pm
Bitcoin, Bitcoin Investment, Companies, Markets and Prices, News, News teaser, Trending
Bitcoinist Weekly News Re-Hash: Black Friday Bull Run, DDoS Menace

What started out as a boring week of market activity quickly turned into a significant bull rally. Going into Thursday, with the week winding down, the bulls took over the Bitcoin markets; bulls reared their horns again on Sunday, pushing the price close to $380. In total, we saw a 16.67% increase in the Bitcoin price this week. Also read: Digital Currency is Slowly Winning The Popularity Contest Daily Bitcoin Price Action November 23: $321.58
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Evan Faggart · November 30, 2015 · 12:00 pm
Bitcoin, Bitcoin Acceptance, Bitcoin Breaking News Brief, Bitcoin Businesses, Bitcoin Service, Breaking Bitcoin News, Breaking News, Companies, News, News teaser, Services, Start-Ups
BitReady Lets Consumers Spend Fiat Currency Wherever Bitcoin is Accepted

More and more services are popping up all over the world to give Bitcoin a more legitimate and usable appeal to the outside world. BitReady.io is a new service that has been in development for quite some time now, and they have finally released the platform to the public. In fact, BitReady works as a reserve Bitcoin payment system, as it allows consumers to buy things online with Bitcoin, without owning BTC. Also read: MultiChain:
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Jp Buntinx · November 27, 2015 · 1:09 pm
Bitcoin, Bitcoin Breaking News Brief, Bitcoin Wallet, Breaking Bitcoin News, Breaking News, Companies, News, News teaser, Services, Technology
BitPay Enables TREZOR Support For Copay Chrome App

BitPay’s multi-signature wallet solution – called Copay – has added TREZOR Hardware Wallet support. Even though the TREZOR hardware wallet has been around since 2013, it has taken a while for the BitPay engineers to integrate this functionality into Copay. The long wait is finally over, however, as the Chrome desktop app for Copay has been updated. Also read: Europe Gives Extra Attention To Payment Railways Copay Chrome App Adds TREZOR Support Integrating TREZOR functionality
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Jp Buntinx · November 24, 2015 · 2:31 pm
Bitcoin, Bitcoin Investment, Bitcoin Technology, Blockchain Technology, Companies, Markets and Prices, News, News teaser, Trending
Bitcoinist Weekly News Re-Hash: BitPay Hack, California Bitcoin Bill Dies

After two weeks of sharp, last minute changes in the Bitcoin price, the markets caught a break this week, with the price remaining fairly stable throughout. Thus, it seems as if the speculators have finally settled down. This, combined with this week’s relatively slow news week, explains the sideways action that persisted throughout the week. Also read: QuickActions Wins Disrupt SF 2015 Hackathon Daily Bitcoin Price Action September 14: $228.18 September 15: $229.61 September 16:
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Evan Faggart · September 21, 2015 · 8:00 am
Bitcoin, Bitcoin Businesses, Bitcoin Security, Bitcoin Technology, Bitcoin Wallet, Breaking Bitcoin News, Breaking News, News, News teaser, Services
Bitcoin Payment Service BitPay Reports Hack and Loss of 5000 BTC

Recently revealed court documents have shed light on the inner turmoil at Bitcoin company BitPay. The Atlanta, Georgia based company lost 5000 bitcoin in December of 2014 after the Chief Financial Officer’s email was hacked. Following the email compromise, the hacker was able to spoof emails to the CEO, and request amounts totaling to 5000 BTC on three separate occasions. BitPay proceeded to file an insurance claim for the amount for the money, but was
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Caleb Chen · September 17, 2015 · 1:42 am