Slowly but surely, bitcoin is gathering momentum as a payment method. The list of retailers accepting crypto payments continues to expand. Most recently, IGA, a major Australian supermarket network started accepting payments in bitcoin. Paying for Groceries with BTC Now a Reality IGA is a network of independent retailers comprising over 1400 stores spread all over Australia. Now, these stores are accepting payments in bitcoin and other cryptocurrencies. According to Nugget’s News reports, TravelbyBit co-founder Caleb Yeoh collaborated with IGA Supermarkets Australia to equip each of its supermarket checkouts with…
Read MoreDay: July 11, 2019
Expert Witness in Satoshi Case Claims Dr Wright’s Documents Were Doctored
The Kleiman v. Wright case continues this week and a slew of new evidence has been submitted to the Southern District of Florida courthouse. A supplemental affidavit stemming from the Kleiman estate’s expert witness, Dr. Matthew Edman, indicates that documents submitted to the court as evidence were “modified” and “backdated.” Also Read: Bitcoin Cash Scaling Benchmarks, Brewdog, and Rising Transaction Volume Plaintiff’s Analysis of Documents Shows David Kleiman’s PGP Signature Was Created Almost a Year After He Died A transcript of an affidavit was recently submitted to the Kleiman v.…
Read MoreBitcoin Cash Community on Bitkan’s K-Site Raises Funds for BCH Development
Last year news.Bitcoin.com spoke with the cofounder of Bitkan, Fang Yu, about the company’s K-Site project, which acts as a decentralized media outlet, micro-blog and forum with rewards. Just recently, Bitkan spoke with news.Bitcoin.com about K-Site’s growth and how the platform’s BCH community raised funds for the Bitcoin Cash Development Fund. Bitkan highlighted that the BCH community is one of the most active on the K-Site platform. Bitkan believes open source development is very important and that companies and individuals within the community should support development of innovative blockchain and…
Read MoreWinkelvoss Twins To Shake Hands with Zuckerberg For Libra
The allure of Facebook’s Libra project has the Winklevoss twins willing to mend their fractured relationship with Mark Zuckerberg. Let’s be Friends Again Tyler and Cameron Winklevoss, both co-founders of the New York-based Gemini cryptocurrency exchange, appear to be offering an olive branch to Facebook CEO Mark Zuckerberg. As history tells, the Winkelvoss twins alleged that Zuckerberg stole their Facebook prototype called HarvardConnection and used it to lay the foundation for the social media company. This led to the Winklevoss twins missing out on billions of dollars in profits but their desire…
Read MoreThe Cryptocurrency Projects Pursuing a Path to Decentralization
Decentralization over time is an ethos that many crypto projects espouse. To date, however, few have completed this journey. Talking the talk is easy, but when it comes down to it, only a handful of projects are bold enough to walk the walk and willingly entrust their fate to the community. Also read: How 10 Countries Respond to Facebook’s Libra Cryptocurrency The Road to Decentralization Is Littered With Good Intentions Decentralization today evokes the “blockchain, not bitcoin” mantra of 2016: a popular concept, but with few real-world success stories to…
Read MoreEdge Wallet Eases Bitcoin Purchase With LibertyX & MoonPay
Digital wallet operator Edge announced that it has integrated two new options – LibertyX and MoonPay. Both additions will enable Edge wallet users to buy bitcoin and cryptocurrencies with fiat money. Edge Adds LibertyX for US Users and MoonPay for Non-US Users On Wednesday, Edge announced via a blog post signed by Brett Musser that the team integrated LibertyX and MoonPay to its digital wallet infrastructure. The move aims to support Bitcoin and cryptocurrency adoption by allowing more people to “onboard safely” into the crypto space in more ways. Welcome…
Read MoreBitcoin Use Soars in Zimbabwe After Foreign Currencies Ban
Peer-to-peer Bitcoin exchange of LocalBitcoins has continued to soar after the Zimbabwe government implemented a ban on foreign currency transactions. Zimbabwe: Bitcoin or Bust As reported by Quartz Africa, Peer-to-peer Bitcoin transactions in Zimbabwe recently reached a new high after President Emmerson Mnangagwa reinstated the Zimbabwe dollar. The ban also prohibits the settlement of local transactions in the British pound, South African rand, the US dollar, and other foreign currencies. In 2006 Zimbabwe underwent a brutal period of unprecedented hyperinflation and by 2009 Zimbabwe had phased out the Zimbabwe dollar and…
Read MoreIran Formally Allows Bitcoin Mining Despite Trading Ban
Iran will adopt a strangely paradoxical stance on Bitcoin as it legalizes mining while maintaining a ban on trading. Central Bank: Bitcoin Mining ‘Should Be Done’ According to local media outlet Press-TV and others, Iran’s central bank plans to allow cryptocurrency mining some legal freedom following an uncertain few months. As Iran battles increased US sanctions and associated financial turmoil, sources have argued cryptocurrency offers a way out of the mess, along with increased fuel for the local economy. Tehran had formally recognized mining as an industry in 2018, but…
Read MorePR: Crypto Exchange Bithoven.com Enables Margin Trading
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Bithoven.com a progressive and high-tech cryptocurrency trading platform, has reported on the launch of advanced Margin Trading services on multifunctional MetaTrader 5, with maximum leverage 1:20 and BTC as margin nominal currency for more scalable and convenient buy and sell operations. Registered platform users are able to open either Demo or Live margin…
Read MoreJP Morgan Chase Ship Busted: Cocaine, Banks and the Failed Drug War
A ship seized by the U.S. Customs and Border Protection Agency in June carrying over 15,000 kilos of cocaine has now been tied to JP Morgan Chase’s asset management unit. Officially the company does not exercise any operational control of the vessel, but some serious questions are raised when such large scale transport is used for black market exchange. Especially given the extensive history of globally established banks paying reparations for money laundering. In view of this, Richard Nixon’s “War on Drugs,” and the popular focus on bitcoin and crypto…
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