bitcoin - FinTecBuzz

Crypto Miners Adapt to the Quickly Shifting Market Landscape

October 8, 202116 min

The price of Bitcoin was once again above the USD 50,000 mark after Bank of America Corp. strategists announced support for crypto as a new asset class. As reported by Bloomberg, with its latest rally, Bitcoin has broken through two key resistance levels and is now trading at the higher end of its two-month-long consolidation range, according to a report from Arcane Research. The coin hovered around USD 45,000 for a while before finally breaking out. That means the USD...

by BusinessWire

Crypto Currencies

BitPay & Verifone to Enable Cryptocurrency Acceptance

September 29, 20216 min

Crypto payments to move mainstream as major retailers and SMBs alike can now accept crypto and get settlement in traditional currency BitPay, the world’s largest provider of bitcoin and cryptocurrency payment services, and Verifone, a global FinTech leader and payment solution provider to the world’s largest retail brands, today announce the extension of BitPay’s blockchain payment technology to enable consumer cryptocurrency payments on Verifone’s in-store and eCommerce Cloud Services platforms in the United States. The new...

by PRNewswire

Crypto Currencies

U.S. Based Crypto Miners Reap the Benefits

September 28, 202114 min

The Chinese government’s crackdown on cryptocurrencies is once again in the news. According to CNN, Chinese government agencies including the country’s securities regulator and the People’s Bank of China (PBOC) said in a statement on Friday that all cryptocurrency-related business activities are illegal and promised to punish illicit activities involving digital currencies. The first stages of the crackdown have already caused many crypto miners to leave China and set up operations elsewhere. In fact, Texas seems to be one of such desired...

by PRNewswire

Crypto Currencies

Cryptocurrencies Rising Again in Popularity Over Recent Weeks

September 1, 202120 min

Cryptocurrency mining produced increasing revenue over the last several years, leading to 63 million U.S. dollars on a single day in 2021. Bitcoin mining is an investment, weighing the cost of energy and hardware against the expected returns. Mining pools, or groups of miners, tend to be located in regions where electricity is inexpensive. These miners also follow different virtual currencies, mining the cryptocurrency that they expect will have the highest return. Cryptocurrencies are virtual commodities designed...

by PRNewswire

Blockchain

An Open Invitation to attend CoinGeek New York

August 30, 20212 min

BTC has rightly criticised for its inability to scale, its high transaction fees and its bad environmental record. All those issues are currently solved by Bitcoin SV. BSV Blockchain is the world’s largest public blockchain by all major utility metrics; data storage and daily transaction volume, scaling ability and average block size. Scaling (transactions per second): BTC: about 12 BSV Over 50,000 Transaction fees: BTC about $12 BSV 1/100th of a cent Environmental blockchain League table: Don’t...

by PRNewswire

Blockchain

CoinGeek Blockchain Conference to be Awarded

August 20, 20214 min

For the first time, anyone wanting to learn about bitcoin and blockchain technology and obtain a recognized accreditation can do so by attending CoinGeek Conferences. With blockchain technology disrupting a multitude of industries, blockchain knowledge is increasingly becoming a sought-after skill in many companies. Attendees can now earn Continuous Professional Development (CPD)/Continuing Education (CE) certificates. CoinGeek is the authority on blockchain technology, with a focus on the original Bitcoin, Bitcoin Satoshi Vision (BSV) ecosystem. Providing...

by PRNewswire

Crypto Currencies

Cryptocurrency Miners Relocate to the U.S.

August 6, 202112 min

The cryptocurrency market is complex, and at this point relies on the progression of technology and software, but political decisions will also play an important role in its future. For example, China’s crackdown on crypto mining had sent prices tumbling initially, but recovery has since started, and miners have begun to look for viable alternatives. Many have already, or are in the process, of relocating to Texas. The state also seems to provide a possible solution to the...

by BusinessWire

Crypto Currencies

BitPay Adds Litecoin to Expand Coin Integrations

July 30, 20215 min

Newegg Commerce, Inc. to Add Litecoin as Payment Option for Global Customers BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, today announced support for Litecoin in the BitPay Wallet app. Consumers can buy, store and swap crypto in addition to buying gift cards safely and securely. Starting this week, businesses using BitPay are expected to be able to accept Litecoin as a payment method from any wallet. Newegg.com will become the first merchant to accept Litecoin...

by FTB News Desk

Interview

FinTech Interview with the Co-Founder and CEO, ZoidPay – Eduard Oneci

July 26, 202119 min

by PRNewswire

Crypto Currencies

Data Shows The Majority of Bitcoin is Held at a Profit

July 16, 20214 min

If You’ve Lost Money Investing on Bitcoin or Ethereum, You May Be a Bad Investor On-chain data collected from glassnode shows that 70% of Bitcoin’s supply is held in profit, despite the sharp downturn in the cryptocurrency markets. What’s more, about 80% of Ethereum’s supply is held in profit. If you’ve lost money investing in cryptocurrency, you may be in the minority of investors. Benzinga, a fintech media company providing news and data to retail...

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