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PayPal Opens The Door A Bit For Bitcoin Payments
The online-payments company is testing the waters by partnering with other companies willing to process transactions using the digital currency. PayPal could be slowly warming up to the digital currency bitcoin. CBS PayPal could be slowly warming up to the digital currency bitcoin. CBS Some merchants who use PayPal can start accepting bitcoin, thanks to a partnership between the online payments company and several crypto-currency processors. Some merchants who use PayPal can start accepting...
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U.S. Bitcoin Exchange Makes Debut
Bitcoin payments processor Coinbase on Monday opened a regulated exchange in the United States for trading the virtual currency. Launched just days after Coinbase raised $75 million from blue-chip financial institutions such as the New York Stock Exchange, the Coinbase Exchange was meant to help stabilize the bitcoin network, which has no central regulator or overseer. According to a blog post by the San Francisco-based company, Coinbase users in 24 states and U.S. territories can immediately...
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Bitcoin Reaches All-Time High
Bitcoin reached a record-high on Friday, December 15 of nearly $18,000 per coin. At its lowest point, when the thought of buying virtual currency was laughable, one bitcoin was worth about $230. But Bitcoin rose in value rapidly in 2013 and the cryptocurrency's value more than halved by mid-2015. The average person still may not understand how buying and selling Bitcoins actually works. If you're interested in learning how to buy, sell or trade Bitcoin the most trusted app to use is called...
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Winklevoss Twins Say Bitcoin Could Become A Country's Currency
Winklevoss twins say Bitcoin could become a country's currency
Cameron and Tyler Winklevoss, currently making headlines with plans to launch a Bitcoin fund, said that they could see the digital currency becoming a country's official money. "The next step for Bitcoin is potentially becoming the currency of a country," Tyler Winklevoss said. The twin brothers, famous for their history with Facebook Inc, were speaking at the 9th annual Value Investing Congress in New York....
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New York Drops Bitcoin Ball With Tedious Licensing Regs
New York's financial regulator had sights set on becoming a global hub for innovations like bitcoin when it adopted trailblazing virtual currency rules last year. But the state lost that momentum when the agency's chief left--and took skilled workers with him. According to Reuters, since the chief left, only two BitLicenses have been issued by the Department of Financial Services. Most companies that were operating in New York when the regulations took effect can still do business there while...
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Bitcoin Exchange Bitstamp Suspends Service After Security Breach
Bitstamp, one of the largest exchanges for trading the digital bitcoin currency, said it has temporarily suspended service after some of its operational wallets were compromised on Sunday, resulting in loss of about 19,000 bitcoins. The breach represented a small fraction of its total bitcoin reserve and the majority was held in secure offline cold storage systems, Bitstamp posted on its website on Tuesday. The Slovenia-based firm – which said on Monday it believed one of its operational...
Related topics : bitcoin security breach / bitcoin digital currency exchange
Bitcoin Falls After Crypto Heist
REUTERS/Danny Moloshok Tether, the company behind a cryptocurrency pegged to the US dollar, said $31 million stolen from its main wallet on Sunday. Heist appears to have shaken markets, with bitcoin, ethereum, and bitcoin cash all falling. ET): Ethereum, the second biggest cryptocurrency by market capitalization, is down by 1.5% against the dollar at the same time: Meanwhile, bitcoin cash, the third largest cryptocurrency by market capitalization, is down over 5%: Learn more: Credit Card...
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Rising Bitcoin Fees Could Signal A Crash
Is a bitcoin crash imminent? Some analysts think so. According to the CME group, Fluctuating costs of transaction fees appear to play "a major role in determining price corrections." There are "ominous signs" that these fees could drive another bitcoin price crash. Transaction fees are those paid to bitcoin "miners." These fees have risen dramatically as the demand to make high-value transactions has risen. Miners have recently prioritized transactions with higher fees. Prices now hover around...
Related topics : current bitcoin transaction fee / bitcoin transactions fee / bitcoin cost per transaction / bitcoin market crash
Top EU Court Rules Bitcoin Transactions Tax-free
The European Union's highest court said Bitcoin, as well as other virtual currencies, can be exchanged tax-free within the EU. In a Thursday ruling, the EU Court of Justice in Luxembourg said that there was no reason to treat Bitcoin differently than other transactions involving "currency, bank notes and coins used as legal tender." This is good news for Bitcoin, whose value has plummeted from its highs of more than $1,200 in 2014 to about $200 in January 2015, zigzagging in the $200-$300...
Related topics : virtual currency exchange bitcoin
Bitcoin Tops $11,500
Entrepeneurs Tyler and Cameron Winklevoss arrive at the Metropolitan Museum of Art Costume Institute Gala (Met Gala) to celebrate the opening of "Manus x Machina: Fashion in an Age of Technology" in the Manhattan borough of New York, May 2, 2016. REUTERS/Lucas Jackson Bitcoin hit a new high of $11,826.76 per coin on Sunday, according to Markets Insider data. Bitcoin's meteoric recent rise means Winklevoss twins' $11 million bet on the cryptocurrency in 2011 is now worth over $1 billion....
Related topics : bitcoin price november 2011 / bitcoin digital currency price / 1 bitcoin worth 2017