As Stripe backs away from crypto payments, Coinbase offers a new solution for e-commerce

Popular payment enabler Stripe announced plans to end support for bitcoin last month, but crypto exchange Coinbase is stepping into the gap after it released a new option for online merchants. Coinbase — which is best known for its service that converts fiat into bitcoin, Ethereum, Litecoin or Bitcoin Cash — is valued at $1.6 billion after raising $100 millionlast […]

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Africa’s first bitcoin exchange targets 1 billion users

Luno, founded in South Africa in 2013, has plans to become one of the leading cryptocurrency traders in the world. CEO and founder Marcus Swanepoel has a goal that would leave many bigger companies in the shade: 1 billion customers by 2025. “There are very few industries in the world for which you could say […]

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India Just Caused the Price of Bitcoin to Slide Again

The Indian government is to ban the use of Bitcoin and other cryptocurrencies for payments, finance minister Arun Jaitley has announced, kicking Bitcoin’s already-sliding value further down the slope. At the same time, Jaitley indicated that the government has a different attitude toward the blockchain technology that underpins cryptocurrencies and can be used for a […]

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Facebook is banning all ads promoting cryptocurrencies — including bitcoin and ICOs

Facebook is banning all ads that promote cryptocurrencies, including bitcoin, in an effort to prevent people from advertising what the company is calling “financial products and services frequently associated with misleading or deceptive promotional practices.” That means no advertiser — even those that operate legal, legitimate businesses — will be able to promote things like […]

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Criminals Drop Bitcoin for Other Cryptocurrencies

Bitcoin is the world’s most popular digital currency but, in the crypto community, complaints are growing: Bitcoin takes too long to process transactions, the fees are too high, it’s expensive, and too volatile. One sign of this discontent is reports that online criminals—who are among bitcoin’s oldest and most dedicated users—are ditching it in favor of […]

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THE LIGHTNING NETWORK COULD MAKE BITCOIN FASTER—AND CHEAPER

IN 2014, JOSEPH Poon and Thaddeus Dryja were bitcoin-obsessed engineers hanging out at pizza-fueled meetups in San Francisco. Their conversation often turned to the central problem of bitcoin: How to make it more useful? The bitcoin network’s design effectively limits it to handling three to seven transactions per second, compared with tens of thousands per second […]

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Bitcoin and Ethereum plummet as South Korea decides on total crypto shutdown

The value of ethereum slid by around $60 starting its decline at 10.00pm UTC to start Tuesday in free fall. While Bitcoin’s fortunes mirrored its competitor losing $380 in a single day. South Korea has announced a curb on crypto futures and vowed the come down hard on any criminal activities involving illegal currencies. The […]

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