Category Archives: BTC

Crypto Purchase Ban Hits MasterCard Earnings

Card issuer Mastercard is feeling the sting from a decision by top US banks to ban credit card transactions for cryptocurrencies. Cross-border volume growth is on a downward trend, as evidenced by a 19% increase last month compared to 21% for all of the first quarter, according to the company’s earnings results. Continue reading Crypto Purchase Ban Hits MasterCard Earnings

Revenue Square Earned from Bitcoin Trading in Q1 2018

Digital payments firm Square published its first-quarter earnings report this week, providing insight into how much revenue the company has raised from its recently-launched bitcoin trading platform. The company first rolled out bitcoin trading to a limited number of its Cash App users last year, and in January it unlocked the feature for the remainder of its user base. Continue reading Revenue Square Earned from Bitcoin Trading in Q1 2018

Where Do Arrested Bitcoins End Up?

From their early days, cryptocurrencies have been associated by many with black markets and illicit activities. Bitcoin’s feature of allowing direct payments to be made from one party to another without the involvement of financial institutions, has been also utilized as a way to avoid institutional controls and settle illegal transactions. Continue reading Where Do Arrested Bitcoins End Up?

Litecoin Payments are Quietly Starting to Catch On

One of the main critiques about Bitcoin is the digital currency’s troubles offering timely and cost-effective payments. Charlie Lee, the founder of Litecoin, foresaw Bitcoin’s future payment issues, and took action by designing a more payments-friendly blockchain.
After earning the nickname, ‘SatoshiLite’, Mr. Lee earned a job at Coinbase, the large San Francisco-based crypto-exchange. Mr. Lee left Coinbase last year. Thereafter, he sold his Litecoin so that he could act more freely as a champion for the digital currency he founded and not be accused of pumping and dumping. Continue reading Litecoin Payments are Quietly Starting to Catch On

BTCxChange is Shutting Down

Romanian bitcoin exchange BTCxChange, which has suffered problems since its launch in 2014, has once again announced its closing, having recently informed customers that it will close on May 1, 2018. A notice dated April 22 from the BTCxChange team on the exchange website told customers to withdraw all balances before May 1. BTCxChange stopped operations on Feb. 1, the notice said, but customers were still able to stock bitcoins on the platform. Continue reading BTCxChange is Shutting Down