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Square Buys Up $50M In Bitcoin

PYMNTS

8) that it has invested $50 million — approximately 1 percent of its total second-quarter assets — to purchase roughly 4,709 bitcoins. “We We believe that bitcoin has the potential to be a more ubiquitous currency in the future,” said Amrita Ahuja , chief financial officer, Square. “As

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Bitcoin Daily: Rhode Island’s Blockchain Act Aims For Crypto Rules Too; Rapper Akon Details Crypto Plans

PYMNTS

Rapper Akon is launching the cryptocurrency, Akoin, that he says will financially power “Akon City” in West Africa. His whitepaper indicates that Akoins will work as “atomic swaps” between cryptocurrencies, fiat currencies, and mobile phone credits on the Akoin network. David Place (R-47) told Cointelegraph.

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How Could Judge’s Indictment of Craig Wright’s Satoshi Nakamoto Claims Impact the Crypto Industry?

The Fintech Times

This week, the judge overseeing a case between the Cryptocurrency Open Patent Alliance (COPA) versus Craig Wright , ruled that the defendant is ‘not’ Satoshi Nakamoto, the identity responsible for inventing Bitcoin, citing an ‘overwhelming’ amount of evidence.

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Transaction Laundering’s Newest Art Form

PYMNTS

A recent G2 whitepaper investigated the routes cybercriminals have taken and the strategies they now use in response to increased security oversight in the traditional online payments space. G2 found that, in response, cybercriminals have shifted their illicit transactions to alternative payments systems, new entrants and cryptocurrency.

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Re-Packaging Apps To Sell: What Will It Take?

PYMNTS

A whole new approach – say, allowing developers to skip the overhead costs and consumers to pay with cryptocurrency? Multiple types of cryptocurrency will be accepted, including the most popular types: bitcoin and Ethereum. If it’s the latter, what will it take to hold their attention – more visibility from the Apple App Store

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Chain CEO On B2B Payments’ Blockchain Blockbuster

PYMNTS

And that can make the blockchain a bit scary, particularly when combined with the fact that its most well-known and famous application is bitcoin — the international cybercriminals’ currency of choice. The best one can do and should do is read and study … the original Satoshi bitcoin whitepaper and master that.

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 Hub’s Bid To Decentralize Trust And Strengthen Digital Ecosystems

PYMNTS

As noted in the whitepaper published by the company, the “trust stake” offers incentive for trustworthy interactions, across conceivable use cases spanning peer-to-peer networks (where transactions can occur), social networks and online communities hosting chats and forums.