Remove Bitcoin Remove Blocks Remove Cryptocurrency
article thumbnail

SEC Chair: Flaws In Modern Payments Systems Are Boosting Bitcoin

PYMNTS

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.

Bitcoin 105
article thumbnail

Bitcoin Daily: Nigeria Moves To Create Crypto Framework; Australia Holds Blockchain Pilot With Singapore

PYMNTS

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.

Bitcoin 110
article thumbnail

New York To Ease Cryptocurrency Regulations

PYMNTS

It will be easier for New York cryptocurrency businesses to launch in New York, thanks to a plan by regulators that would ease licensing rules. The existing licensee would provide the startup with the operational, staffing, and other support until it can obtain a full DFS virtual currency license.

article thumbnail

Bitcoin Daily: Hackers Contribute Crypto To Charities; Bitcoin Crests $12K

PYMNTS

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.

Bitcoin 93
article thumbnail

Burger King Now Accepts Bitcoin

PYMNTS

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.

Bitcoin 85
article thumbnail

Bitcoin Miners Fail To Make A Profit Despite Surge In Revenue

PYMNTS

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.

Bitcoin 80
article thumbnail

Bitcoin Daily: Venezuela Pizza Huts Now Take Bitcoin; $4.2 Billion In Cryptos Seized By China In PlusToken Investigation

PYMNTS

Pizza Hut will now accept cryptocurrency as a form of payment at its stores in Venezuela, Cointelegraph reported. 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.

Bitcoin 67