Digital currencies

VeriBlock Foundation Funds Initiative to Secure Bitcoin SV to Bitcoin With Innovative Proof-of-Proof Protocol

Retrieved on: 
Friday, July 23, 2021
Cryptocurrencies, Bitcoin, Payment systems, Articles, Technology, Digital currencies, Decentralization, Blockchains, Draft:Bitcoin SV, Bitcoin Cash

"Bitcoin SV uses the same mining algorithm as Bitcoin, but is secured with less than 1/200th of Bitcoin's mining power, making it an easy target for 51% attacks," explained VeriBlock Co-Founder and Chief Technical Officer Maxwell Sanchez.

Key Points: 
  • "Bitcoin SV uses the same mining algorithm as Bitcoin, but is secured with less than 1/200th of Bitcoin's mining power, making it an easy target for 51% attacks," explained VeriBlock Co-Founder and Chief Technical Officer Maxwell Sanchez.
  • VeriBlock engineers are currently working on integrating their PoP security technology into the Bitcoin SV codebase, and will announce public testing of PoP-enabled BSV in the future.
  • Bitcoin SV developers or community members interested in learning more about VeriBlock or testing PoP-secured Bitcoin SV, can reach out to [email protected] .
  • The VeriBlock Foundation is a Cayman Islands nonprofit committed to increasing awareness and adoption of the VeriBlock Blockchain and its Proof-of-Proof security protocol.

Bitcoin Depot® Announces Long-Term Partnership with Circle K in U.S. and Canada

Retrieved on: 
Thursday, July 22, 2021
Payment systems, Money, Bitcoin, Technology, Cryptocurrencies, Digital currencies, Automated teller machine, Circle K, Draft:Coin Cloud

ATLANTA, July 22, 2021 /PRNewswire/ -- Bitcoin Depot , the world's largest and fastest growing Bitcoin ATM network, announced today an exclusive international partnership with Circle K that spans across both the U.S. and Canada with over 700 Bitcoin ATMs in 30 states already installed.

Key Points: 
  • ATLANTA, July 22, 2021 /PRNewswire/ -- Bitcoin Depot , the world's largest and fastest growing Bitcoin ATM network, announced today an exclusive international partnership with Circle K that spans across both the U.S. and Canada with over 700 Bitcoin ATMs in 30 states already installed.
  • As one of the world's leading convenience and fuel retailers, Circle K is the first major retail chain to deploy Bitcoin ATMs within its stores.
  • "We're thrilled to create a long-term, strategic partnership with Circle K and to expand our footprint internationally with a global leader in convenience and fuel retail," said Bitcoin Depot CEO, Brandon Mintz.
  • Anyone looking to use a Bitcoin Depot ATM can find one at bitcoindepot.com where all Circle K locations with bitcoin ATMs are listed.

Chinese Cryptocurrency Miners Finding a Home in North America

Retrieved on: 
Thursday, July 22, 2021
Payment systems, Cryptocurrencies, Money, Finance, Bitcoin, Digital currencies, Decentralization, Financial technology, PayPal

For example, PayPal recently announced plans to acquire Curv, a cryptocurrency startup based in Tel Aviv, Israel.

Key Points: 
  • For example, PayPal recently announced plans to acquire Curv, a cryptocurrency startup based in Tel Aviv, Israel.
  • It is the second-biggest mining destination on the planet, accounting for nearly 17% of all the world's bitcoin miners as of April 2021.
  • The Agreement will form the backbone of the Company's Phase One launch of its cryptocurrency hosting and mining operation in Georgia.
  • It has also resulted in increased demand for cryptocurrency hosting services outside of China as mining operations seek to relocate geographically.

Chinese Cryptocurrency Miners Finding a Home in North America

Retrieved on: 
Thursday, July 22, 2021
Payment systems, Cryptocurrencies, Money, Finance, Bitcoin, Digital currencies, Decentralization, Financial technology, PayPal

NEW YORK, July 22, 2021 /PRNewswire/ -- The burgeoning popularity of numerous cryptocurrencies has resulted in major financial institutions, like banks, paying attention to the developments in the crypto market. In addition, fin-tech companies are now stepping into the arena. For example, PayPal recently announced plans to acquire Curv, a cryptocurrency startup based in Tel Aviv, Israel. Additionally, in October 2020, PayPal announced its commitment to help shape the role digital currencies will play in the future of financial services and commerce. There has also been an influx of companies all around the world buying Bitcoin and accepting it as payment. In addition, from a political perspective, after the crackdown of the Chinese government on crypto mining, Bitcoin miners in China have begun looking to relocate their operations to U.S. states like Texas, South Dakota and Tennessee, The Washington Post reported. ISW Holdings Inc. (OTC: ISWH), Hut 8 Mining Corp. (NASDAQ: HUT), Sphere 3D Corp. (NASDAQ: ANY), Riot Blockchain, Inc. (NASDAQ: RIOT), Marathon Digital Holdings, Inc. (NASDAQ: MARA)

Key Points: 
  • For example, PayPal recently announced plans to acquire Curv, a cryptocurrency startup based in Tel Aviv, Israel.
  • It is the second-biggest mining destination on the planet, accounting for nearly 17% of all the world's bitcoin miners as of April 2021.
  • The Agreement will form the backbone of the Company's Phase One launch of its cryptocurrency hosting and mining operation in Georgia.
  • It has also resulted in increased demand for cryptocurrency hosting services outside of China as mining operations seek to relocate geographically.

Cryptocurrency Exchange Paybis Rolls Out Instant Bank Payments Globally, Cuts Fees to 0.99%

Retrieved on: 
Thursday, July 22, 2021
Payment systems, Money, Finance, Private currencies, Cryptocurrencies, Digital currencies, Decentralization, Financial technology, Bitcoin, Currency, Legality of bitcoin by country or territory

EDINBURGH, Scotland, July 22, 2021 /PRNewswire/ -- Global cryptocurrency exchange Paybis is introducing several new payment options for its international customers.

Key Points: 
  • EDINBURGH, Scotland, July 22, 2021 /PRNewswire/ -- Global cryptocurrency exchange Paybis is introducing several new payment options for its international customers.
  • The exchange has also launched local bank payments in the United States (US) as well as SWIFT USD to allow international payments.
  • Paybis has been busy developing its cryptocurrency exchange services since its founding in 2014.
  • Paybis is a cryptocurrency exchange that enables the user-friendly purchasing of Bitcoin and other cryptocurrencies via a diverse variety of payment methods, including debit and credit cards, instant bank payments in the UK and EU, local bank payments in the US, and SWIFT USD for international clients.

China's Bitcoin Mining Disruption Offers Bit Digital A Growth Opportunity

Retrieved on: 
Thursday, July 22, 2021
Cryptocurrencies, Payment systems, Bitcoin, Articles, Digital currencies, Money, Blockchain, Economics of bitcoin, Bitcoin Cash

NEW YORK, July 22, 2021 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a bitcoin mining company headquartered in New York and one of the largest currently-owned fleets among US listed bitcoin miners, presented highlights from its second quarter operations at Sequire's Blockchain Conference July 15th.

Key Points: 
  • NEW YORK, July 22, 2021 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a bitcoin mining company headquartered in New York and one of the largest currently-owned fleets among US listed bitcoin miners, presented highlights from its second quarter operations at Sequire's Blockchain Conference July 15th.
  • Bit Digital, Inc. is a bitcoin mining company headquartered in New York City with one of the largest currently-owned fleets among US listed bitcoin miners.
  • Future changes in the network-wide mining difficulty rate or Bitcoin hash rate, as well as other factors beyond our control, may also materially affect the future performance of Bit Digital's production of bitcoin.
  • This press release may contain certain "forward-looking statements" relating to the business of Bit Digital, Inc., and its subsidiary companies.

Elliptic selected by Paysafe to Support Cryptocurrency Payments Compliance

Retrieved on: 
Thursday, July 22, 2021
Digital currencies, E-commerce, Paysafe, Finance, Money, Electronic funds transfer, Online gambling

LONDON, July 22, 2021 /PRNewswire/ -- Elliptic, a global leader in cryptoasset risk management, has been selected by Paysafe, a leading specialized payments platform, for its Elliptic Lens solution. Paysafe is now able to manage indirect exposure to cryptocurrency-related risks and bolster their cryptocurrency controls.

Key Points: 
  • -Elliptic Lens is selected by NYSE-listed Paysafe to screen crypto wallets, going above and beyond in crypto compliance.
  • -Paysafe and Elliptic release a case study detailing why Paysafe chose to work with Elliptic as it increased its indirect exposure to crypto.
  • LONDON, July 22, 2021 /PRNewswire/ --Elliptic, a global leader in cryptoasset risk management, has been selected by Paysafe, a leading specialized payments platform, for its Elliptic Lens solution.
  • "Paysafe has a reputation for staying ahead of the curve in innovation and compliance for the payments sector, anticipating its customers' needs to support new products that link the fiat and crypto economies", said Simone Maini, Elliptic CEO.

Elliptic selected by Paysafe to Support Cryptocurrency Payments Compliance

Retrieved on: 
Thursday, July 22, 2021
Digital currencies, E-commerce, Paysafe, Finance, Money, Electronic funds transfer, Online gambling

LONDON, July 22, 2021 /PRNewswire/ -- Elliptic, a global leader in cryptoasset risk management, has been selected by Paysafe, a leading specialized payments platform, for its Elliptic Lens solution. Paysafe is now able to manage indirect exposure to cryptocurrency-related risks and bolster their cryptocurrency controls.

Key Points: 
  • -Elliptic Lens is selected by NYSE-listed Paysafe to screen crypto wallets, going above and beyond in crypto compliance.
  • -Paysafe and Elliptic release a case study detailing why Paysafe chose to work with Elliptic as it increased its indirect exposure to crypto.
  • LONDON, July 22, 2021 /PRNewswire/ --Elliptic, a global leader in cryptoasset risk management, has been selected by Paysafe, a leading specialized payments platform, for its Elliptic Lens solution.
  • "Paysafe has a reputation for staying ahead of the curve in innovation and compliance for the payments sector, anticipating its customers' needs to support new products that link the fiat and crypto economies", said Simone Maini, Elliptic CEO.

CalEthos Issues CEO Business Update

Retrieved on: 
Wednesday, July 21, 2021
Articles, Cryptocurrencies, Bitcoin, Payment systems, Decentralization, Cryptography, Digital currencies, Blockchain

TUSTIN, CA, July 21, 2021 (GLOBE NEWSWIRE) -- CalEthos, Inc. (OTC Markets: BUUZ.PNK) (CalEthos or the Company) today issued the following business update from Michael Campbell, Chairman and Chief Executive Officer:

Key Points: 
  • TUSTIN, CA, July 21, 2021 (GLOBE NEWSWIRE) -- CalEthos, Inc. (OTC Markets: BUUZ.PNK) (CalEthos or the Company) today issued the following business update from Michael Campbell, Chairman and Chief Executive Officer:
    To Our Fellow CalEthos Stakeholders:
    Over the past few months, many notable changes have been made at CalEthos as we continued our efforts to create value for all CalEthos stakeholders.
  • Fortunately, however, while we determined in late 2020 that the door for building a cannabis business was closing, we reconnected with a long-term business associate from the computer industry that was planning to develop a next generation high-performance computer system for processing crypto transactions.
  • On the basis of months of research of the crypto industry, we now plan to focus our business efforts on building a high-performance computer hardware business by developing a 5 nanometer ASIC chip and immersion-cooled bitcoin mining system for larger cryptocurrency mining companies.
  • In connection with our change of business direction, we plan to change our corporate name to AIQ Blockchain, Inc. (AIQ) and our trading symbol, pending FINRA approval, to AIQB.QB.

Bitcoin's Long Term Holders are Hoarding the Supply: Here's Why It Matters

Retrieved on: 
Wednesday, July 21, 2021
Cryptocurrencies, Payment systems, Bitcoin, Digital currencies, Currency, Exonumia, Economics of bitcoin

LTHs are once again accumulating Bitcoin.

Key Points: 
  • LTHs are once again accumulating Bitcoin.
  • Additionally, the supply of Bitcoin on exchanges is decreasing, lowering the potential sell-side pressure.
  • Previous Bitcoin bull runs have been ignited by bullish squeezes under similar conditions.
  • As Bitcoin's price continues to hover around $30,000, long term holders are once again building their dominance in preparation for another potential opportunity to sell at higher prices.