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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

His whitepaper indicates that Akoins will work as “atomic swaps” between cryptocurrencies, fiat currencies, and mobile phone credits on the Akoin network. Rapper Akon is launching the cryptocurrency, Akoin, that he says will financially power “Akon City” in West Africa. The Akoin Utility Token is the exclusive currency of the Akoin ecosystem.

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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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Bitcoin Daily: Bitfinex To List New Exchange After $1B IPO; Frank Timis Clashes With Argo Blockchain

PYMNTS

Crypto exchange Bitfinex announced that it will list its new exchange token on its platform and it will be tradeable against bitcoin, the U.S. dollar, the tether stablecoin, ether and EOS.

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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. Customers were prompted to use a bitcoin exchange to convert their payment, rendering the transaction anonymous and nearly unrecorded.

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

PYMNTS

Multiple types of cryptocurrency will be accepted, including the most popular types: bitcoin and Ethereum. The purpose of using blockchain, the company said in a whitepaper , is to provide transactions that are fast, secure and private. It needs to raise $720,000 in the crowdsale phase to move forward, reported The Merkle.

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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.