Bitcoin prices fell to three-week lows of around $8,540 on May 11, as markets reacted to a flash investigation of South Korean exchange Upbit and a fresh Mt.Gox funds liquidation. Data from Cointelegraph’s price tracker and Coin360 shows BTC/USD dipping sharply over the past 24 hours, with major altcoin assets posting considerably higher losses of up to 18 percent. Continue reading Bitcoin Loses $9K Support As Markets React To S. Korea Investigation
A Singaporean startup developing ‘smart banknotes’ for cryptocurrencies has launched sales of physical bitcoin banknotes with a pilot in a major Singaporean mall. Describing itself as a ‘smart banknote platform’ that manufactures physical notes with denominated values of cryptocurrencies like bitcoin, Singaporean firm Tangem has debuted ‘Tangem Note(s)’ in a pilot launch at the Suntech City shopping center in the city-state today. Continue reading Physical Bitcoin Banknotes Launched
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
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?
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