Block bets on bitcoin
Payments Dive
MAY 18, 2022
“We are no longer just a payments company,” Block CEO Jack Dorsey said at the company’s investor day Wednesday.
Bitcoin Daily: Nigeria Moves To Create Crypto Framework; Australia Holds Blockchain Pilot With Singapore
PYMNTS
NOVEMBER 25, 2020
As it stands, bitcoin and other digital currencies are seeing increasing use in Nigeria. On another note, a digital currency fundraising event dubbed “Bitcoin Tuesday” is set for December 1, Cointelgraph reported. The news come as the Pineapple Fund, an anonymous bitcoin group, gave away more than 5,050 bitcoin to 60 nonprofits.
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Bitcoin Daily: Hackers Contribute Crypto To Charities; Bitcoin Crests $12K
PYMNTS
OCTOBER 21, 2020
A hacking organization released receipts for $10,000 in charitable contributions to two groups made through bitcoin, the BBC reported. in bitcoin ( valued at approximately $10,515 as of 7:04 P.M. They reportedly harnessed The Giving Block service that is used by numerous nonprofits globally. Eastern Time on Oct. as of 7:06 P.M.
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SEC Chair: Flaws In Modern Payments Systems Are Boosting Bitcoin
PYMNTS
NOVEMBER 19, 2020
Securities and Exchange Commission (SEC) Chairman Jay Clayton thinks inefficiencies in traditional payments are boosting favorability for bitcoin, a report from Coindesk says. Clayton, speaking on CNBC, said bitcoin's popularity came from that disappointment in mainstream payments.
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Block’s Ahuja chases bitcoin users for Cash App
Payments Dive
JUNE 9, 2023
The digital payments company believes bitcoin “has the potential to transform the global transmission of money,” Block CFO Amrita Ahuja said Thursday.
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Burger King Now Accepts Bitcoin
PYMNTS
SEPTEMBER 17, 2019
For some, bitcoin and cryptos — beyond a means of speculation — are a solution in search of a problem. You may recall that not all that long ago, Starbucks had been in the news, in tandem with bitcoin — i.e., we will, at some point be able to pay for our triple no-foam whip pumpkin soy latte with bitcoin. It’s been a slow start.
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Travel Management Firm CWT Pays $4.5M In Bitcoin To Hackers
PYMNTS
JULY 31, 2020
million worth of bitcoin in ransom this week to hackers who said they seized control of 30,000 company computers and two terabytes of data, Reuters reported on Friday (July 31). ” Hacker tools such as RagnarLocker function in part by blocking legitimate users of computers from accessing functioning backups.
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Bitcoin's place in the fintech conversation
Payments Dive
JULY 27, 2017
Fintech isn't just the new kid on the block anymore; it's got some serious dough behind it. But does it mean that fintech companies are the future?
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Bitcoin Tracker: The Unbanked-Profit Dilemma
PYMNTS
SEPTEMBER 30, 2016
Can the unbanked benefit from bitcoin, or are they merely the experimental subjects of bitcoin adherents, lobbyists and scientists? This week’s Bitcoin Tracker takes a look at the recent bitcoin projects that are in the news and that are targeting the unbanked. Vogel also wanted to clarify regulations surrounding bitcoin.
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Bitcoin Miners Fail To Make A Profit Despite Surge In Revenue
PYMNTS
OCTOBER 10, 2018
Bitcoin miners have around $4.7 TheNextWeb , citing blockchain research firm Diar , reported that based on the data, this marks the first time cryptocurrency mining businesses aren’t making money off their bitcoin mining efforts. The move implies that mining for bitcoin is becoming largely the domain of the big players.
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Bitcoin Daily: Ripple Tapped By CIMB For Southeast Asia DLT Tech, Bitcoin Cash’s Hard Fork Goes Live
PYMNTS
NOVEMBER 15, 2018
In other news, the hard fork for the Bitcoin cash has gone live as the currency now has two different protocol implementations, according to Coindesk. SVPool reportedly mined the last “common block” – number 556,766. It will also reportedly work with more than one ledger technology, such as bitcoin and Ethereum.
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Bitcoin Daily: Bitcoin Exchange Balances Drop Prior To Halving; Price Of Physical Gold Jumps As ‘Digital Gold’ Falls
PYMNTS
APRIL 15, 2020
Investors might be keeping their bitcoins prior to halving in May, at which point rewards for each block mined will be reduced, CoinDesk reported. The seven-day moving average for all bitcoin held in exchange addresses dropped to the lowest point as of June 2019 to 2,214,365 in mid-April. The price of bitcoin was $6,638.27
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Bitcoin Daily: Venezuela Pizza Huts Now Take Bitcoin; $4.2 Billion In Cryptos Seized By China In PlusToken Investigation
PYMNTS
NOVEMBER 30, 2020
27 that it was partnering with the pizza chain to process cryptocurrencies, including Bitcoin, Litecoin, Binance Coin, Binance USD, Tether, Dash, Ether, Dai and XPT, Cryptobuyer’s native coin. billion, according to The Block, citing the court’s judgment, which came out on Nov. million people, The Block reported.
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Bitcoin Tracker: Another Tough Week
PYMNTS
MARCH 31, 2017
This past week proved once again that it’s tough to be a bitcoin fan. In another blow to bitcoin legitimacy, the U.S. Securities and Exchange Commission (SEC) has denied the second bitcoin-based ETF bid up for consideration in the month of March — the Intercontinental Exchange, Inc.’s Well, as long-term as bitcoin value can be.
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Bitcoin Halving to Strengthen the Crypto’s Longevity as Industry Reveals Impact of the Event
The Fintech Times
APRIL 13, 2024
Every four years, the crypto world gears itself up for what has historically been a very exciting time in the industry: the Bitcoin (BTC) halving. For those outside of the crypto world, the Bitcoin halving may seem like a strange idea: why half how quickly you can get something when it is in such high demand? Miners now get 6.25
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Bitcoin Daily: BlockFi, Visa To Offer Card With Bitcoin As Rewards; Crypto-Based Event Aims To Raise $1 Million For Charity
PYMNTS
DECEMBER 2, 2020
Visa has partnered with BlockFi to launch a credit card that offers bitcoin rewards rather than travel points or cash back, according to an announcement. The BlockFi Bitcoin Rewards Credit Card , which will be available in the spring of 2021, will give 1.5 The card carries a $200 annual fee. “We
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Hackers Getting Money Mules To Remit Through Bitcoin ATMs
PYMNTS
OCTOBER 3, 2016
Hackers who steal money from corporate banks often use so-called “money mules,” people willing or tricked into withdrawing funds in cash and wiring the money to the bad guys, but according to Krebs on Security , the mules are increasingly being told to remit the money through bitcoin ATMs.
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Block's self-custody bitcoin wallet launches globally
Finextra
DECEMBER 7, 2023
Bitkey, the self-custody bitcoin wallet built by Block, Inc. NYSE: SQ), launched today in more than 95 countries across six continents, widening access to self-custody and empowering people around the world to truly own and manage their bitcoin easily and safely.
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40 Bitcoin Regulations Catch Good Guys Along With The Bad
PYMNTS
JUNE 19, 2017
With many cybercriminals choosing bitcoin as their currency of choice, the U.S. When Troia could not even confirm whether such authorization existed, Coinbase suspended his account and blocked him from creating accounts in family members’ names to continue conducting business. Department of Justice authorization to carry them out.
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Bitcoin Daily: Australian Hacker Gets Jail Time In Crypto Theft; Coinbase Leaves Blockchain Association
PYMNTS
AUGUST 11, 2020
The crypto was then converted to bitcoin and moved into a number of locations. In other news, Coinbase has left the Blockchain Association , an industry advocacy organization, The Block reported. Wong noted that the “resignation also serves as notice of Coinbase’s withdrawal from the Blockchain Association,” The Block reported.
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Crypto exchange Binance blocks Bitcoin withdrawals
The Paypers
JUNE 13, 2022
Crypto exchange Binance has blocked Bitcoin withdrawals amid a market downturn.
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Blocking Out Fraudsters
PYMNTS
DECEMBER 1, 2016
Edmund John, founder and CEO of KYC-Chain, a Hong Kong-based security and authentication startup, believes that blockchain’s (the distributed ledger technology that powers bitcoin) two-factor authentication capability holds the key to offering the ultimate security solution for digital identity. A long road to acceptance.
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Bitcoin To Possibly Split Again Into 3 Currencies
PYMNTS
AUGUST 18, 2017
In this year alone, we’ve seen bitcoin valued at just under $1,000 in January to over $3,000 in May and soaring over $4,000 this past weekend. One of the major factors impacting the most recent leap in bitcoin value is the recent hard fork to develop a new cryptocurrency dubbed Bitcoin Cash.
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Feds Put Seized Bitcoins Up For Auction
PYMNTS
JANUARY 12, 2018
The Feds are seeking to put nearly 4,000 bitcoins on the auction block — currently worth approximately $50 million — seized in criminal, civil and administrative cases, BGR reported. Marshals Service said it will hold an auction in February to dispose of 3,813 bitcoins, which are valued at a sizable $52 million at today’s price.
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Block launches Bitkey self-custody Bitcoin wallet
The Paypers
DECEMBER 8, 2023
US-based digital payments company Block has launched the Bitkey self-custody bitcoin wallet to improve access to self-custody in multiple countries.
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Bitcoin Daily: BitBay Will No Longer Support Monero’s XMR; Bitcoin ATMs Coming To More Shopping Malls
PYMNTS
NOVEMBER 26, 2019
29, and will block withdrawals from Friday to Dec. The decision was made to block the possibility of money laundering and inflow from external networks,” the firm said, adding that other crypto exchanges have dropped monero over the same concern. Bitcoin is the perfect gift for family and friends this holiday season.
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56 SEC Denies Second Bitcoin ETF
PYMNTS
MARCH 29, 2017
In another blow to bitcoin legitimacy, the U.S. Securities and Exchange Commission (SEC) has denied the second bitcoin-based ETF bid up for consideration this month — the Intercontinental Exchange, Inc.’s s NYSE Arca exchange’s request to list and trade the SolidX Bitcoin Trust.
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49 Bitcoin Gets Second (Or Third, Or Fourth) Wind
PYMNTS
MAY 14, 2019
Bitcoin, that marquee name in cryptocurrency, has seen its price swell by roughly that 60 percent number through the last few weeks, to about $8,000. Bitcoin got a huge jump on Monday (May 13), up 25 percent on the day, though there was no news specific to the cryptocurrency. Or to make one wonder why. As that happens, miners get 12.5
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Bitcoin Investors Expect Big Returns In The New Year
PYMNTS
DECEMBER 30, 2019
Bitcoin investors are in for a halving event in 2020 that could potentially give their currency a boost , according to Bloomberg. A halving event refers to the process in which the reward that Bitcoin creators get for creating fresh bitcoins will be cut in half. Once, in 2012, the block reward went from 50 to 25 bitcoins.
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Binance resumes bitcoin withdrawals following a temporary block
The Paypers
MAY 8, 2023
Cryptocurrency exchange Binance has resumed bitcoin withdrawals following a temporary block due to a large number of pending transactions.
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36 SEC Blocks Winklevoss ETF
PYMNTS
JULY 27, 2018
Securities and Exchange Commission earlier this week stood by its move to stop a bitcoin exchange-traded fund, citing “unpersuasive” arguments as to how the ETF would be protected from any market manipulation. The move to block the ETF came down to a 3-1 vote of sitting commissioners, with Commissioner Hester Peirce a dissenting vote.
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Bitcoin Daily: BitPay Allows All Bitcoin Wallets For Transaction; Telangana To Create Blockchain Incubator
PYMNTS
FEBRUARY 4, 2020
BitPay, a leading Bitcoin and cryptocurrency payment service, said that it will soon allow invoices to be paid from any Bitcoin wallet or crypto exchange, according to a report Tuesday (Feb. BitPay’s customers want to support all the Bitcoin wallets, just like they want to support all cryptocurrencies for payments.
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Bitcoin Daily: ShapeShift Crypto Exchange Alleges $900,000 Employee Bitcoin Theft; Line Debuts Blockchain Platform, Digital Wallet Services
PYMNTS
AUGUST 27, 2020
Crypto exchange ShapeShift is suing former engineer Azamat Mukhiddinov for allegedly stealing $900,000 in bitcoin via programs he installed on their servers, CoinDesk reported. On another note, Roskomnadzor, Russia's telecom regulator, blocked Russia's top crypto exchange aggregator, BestChange.ru, on Wednesday (Aug.
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Bitcoin Daily: US House Hearing To Look At SMB Blockchain Benefits
PYMNTS
MARCH 1, 2020
ET, and will be called “Building Blocks of Change: The Benefits of Blockchain Technology for Small Businesses.”. House of Representatives Committee on Small Businesses is going to hold a hearing on the benefits of blockchain technology for entrepreneurs. The hearing is set for Wednesday, March 4 at 11:30 a.m.
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97 Bitcoin Stabilizes After 3-Day Nosedive
PYMNTS
MARCH 21, 2017
Three days into what can only be termed a rout, shares of bitcoin have stabilized — if we accept the skewed maxim that one day’s trading makes a trend. Thus the low came on Saturday to $944 per bitcoin. The newswire also said that there have been disputes centering around the “blocks” in which bitcoin trades.
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52 Bitcoin Tracker: Tale Of Two Bitcoins
PYMNTS
MARCH 24, 2017
Bitcoin prices suffered further losses this past week. As the reality of the Securities and Exchange Commission (SEC) rejection sunk in, concern among investors has grown amid signs of an impending hard fork — a “great schism” of bitcoin, if you will. At the time of writing, one bitcoin was worth $1,039.93, up 0.24
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42 Bitcoin Daily: Bitcoin In Longest Price Slump; IBM Trials Orange-Tracking Blockchain
PYMNTS
FEBRUARY 4, 2019
In other news, bitcoin is now in its longest decline in its decade-long history. According to the CoinDesk Bitcoin Price Index, it has been on the decline for 411 consecutive days. Bitcoin’s deflationary monetary policy means the rewards per mined block get cut in half every four years, which slows the creation of new currency.
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61 Bitcoin Daily: China Plans Crypto Crackdown, Mail Chimp Blocks Crypto And ICO Marketing
PYMNTS
MARCH 30, 2018
Bitcoin fell below $7,000 on Thursday (March 29) – and analysts expect sales of bitcoin and other cryptos to increase as the April U.S. The price of bitcoin was $6,826.68 tax deadline approaches, CNBC reported. as of 11:13 p.m., according to CoinDesk.
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Today In Data: The Story Behind The Bitcoin Story
PYMNTS
MAY 26, 2017
You’ve probably read a lot about bitcoin lately, as its value has been running a seemingly infinite victory lap this week and throughout 2017. But there’s more to bitcoin than stocks and price per coin. 182% | Increase in bitcoin value in 2017. 32| Countries where Coinbase, the world’s largest bitcoin company, has operations.
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Bitcoin Creator Craig Wright Steps Forward
PYMNTS
MAY 2, 2016
After a few years of speculation — and a couple of fairly notable wrong guesses — the real creator of bitcoin has been identified — mostly because he identified himself. ” Apart from the claim, Wright has also submitted proof in the form of coins known to be owned by bitcoin’s creator. “I want to work.
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Bitcoin Daily: UnionBank Launches Bitcoin ATM; Coinbase Invests In Disappearing Blockchain Startup
PYMNTS
APRIL 5, 2019
People who want to use UnionBank of the Philippines ‘s (UBP’s) new bitcoin ATM will need to have an account with the bank. For now, only bitcoin is being offered. Once that is achieved, the main nodes generating the proof can get rid of old blocks, if desired. We see CODA as way more than just payments.
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53 China, Alibaba Are Big Players On The Blockchain Patent Block
PYMNTS
SEPTEMBER 12, 2018
A bit closer to home, The Washington Examiner noted that, in recent weeks and into September (and beyond), sentiment in the energy industry could shift — where blockchain is associated less with bitcoin, mining and energy drains/cost centers, with changes in the very way business is done in the sector.
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80 Players Unite To Speed Up Bitcoin
PYMNTS
MAY 26, 2017
An agreement to upgrade the speed of processing transactions propelled bitcoin to new heights on Thursday (May 25). Bitcoin’s Satoshi blockchain can only process so much data, and this was creating a backlog in transaction processing. It’s always been on the back-burner as something that can potentially disrupt bitcoin’s growth.”.
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Bitcoin Daily: IBM Discloses Blockchain-Based Science Log In Patent; Overstock CEO On Why Crypto Will Survive Financial Systems Collapse
PYMNTS
NOVEMBER 13, 2018
District Court against a hacker identified as “John Doe” for a reported bitcoin theft, Cryptovest reported. million in bitcoin, as well as other assets of a digital nature. He allegedly took roughly 617 bitcoin in April. He allegedly took roughly 617 bitcoin in April. The price of bitcoin as of Monday (Nov.
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