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‘Mystery Man’ Gets Berlin Shop to Drop BitPay, Accept Bitcoin Directly

‘Mystery Man’ Gets Berlin Shop to Drop BitPay, Accept Bitcoin Directly An ice cream shop in Berlin’s trendy Friedrichshain district has revealed that a chat with an unknown “super nice” guy spurred them to spearhead Bitcoin adoption with the local crowd. That unknown guy turned out to have been the legendary Bitcoin (BTC) evangelist and […] Cet article ‘Mystery Man’ Gets Berlin Shop to Drop BitPay, Accept Bitcoin Directly est apparu en premier sur Bitcoin Central.
Bitcoin Central

Bitcoin Buys Real Estate: $15.3M Condo Sold Using Bitpay

A real estate developer managed to sell a $15.3 million condo in New York for Bitcoin. The transaction was carried out using Bitpay and Starr and, according to the developer, it was “seamless.” This highlights Bitcoin as a viable alternative to fiat transactions and it’s far from being the only serious real estate deal cut with the cryptocurrency. Bitcoin Used For Buying a New York Apartment A real estate developer, Ben Shaoul, has sold a retail condo in Upper East Side New York and the transaction was carried out with Bitcoin. Both parties used Bitpay and Starr to complete the sale, and as per the broker representing the seller, it was a “seamless process.” The apartment, subject of the deal, is 11,400-square-foot, and the buyer is a Taiwanese company. Apparently, this isn’t Shaoul’s first attempt to complete a full real estate transaction using Bitcoin. Reportedly, he had previously said that Bitcoin payments would be acceptable to him and to the company he represents. Other Real Estate Transactions Using Bitcoin The real estate market isn’t usually associated with digital forms of payments such as Bitcoin. Nevertheless, there are plenty of examples  of high-worth properties were either sold or offered for cryptocurrencies. One of the first notable transactions using bitcoins was in 2014. A secret buyer had reportedly paid $1.6 million for a 1.4-acre piece of land. The full payment was for 2,739 bitcoins as the price of one was $580 back then. The sales director of the real estate company commented at the time: “Many of our buyers are in the tech sector and are early adopters of Bitcoin. We understand the importance of adapting to cutting-edge purchasing methods.” Other recorded transactions using Bitcoin suggested a few deals from 2017. Initially, another secret buyer used 3,300 bitcoins to purchase a mansion in Manhattan Beach. The price at the time was in USD was a bit over 3 million. Later, two multimillion-dollar homes were reportedly sold for $20 million using Bitcoin. Perhaps one of the largest deals which were supposed to be executed with Bitcoin came from Dubai. A luxury development, worth over $320 million was put on offer and buyers could participate with bitcoins. However, as per the latest reports, that development had stalled. The post Bitcoin Buys Real Estate: $15.3M Condo Sold Using Bitpay appeared first on CryptoPotato.

Bill Zielke Joins BitPay as Chief Marketing Officer

Atlanta, GA, Oct. 15, 2019 (GLOBE NEWSWIRE) -- BitPay, the largest global blockchain payments provider, today announced it has added Bill Zielke as its first Chief Marketing Officer. In this role, Mr. Zielke is responsible for executing BitPay's marketing strategy that supports the company's growth objectives, builds a strong business and consumer brand, and cultivates increased cryptocurrency acceptance and use.     "As BitPay looks to maintain and expand its leadership position as the largest global blockchain payments provider, we realized we needed a seasoned marketer to advance the company to the next level," said Stephen Pair, CEO, and co-founder of BitPay. "We are excited to have Bill on board as we attract more users to BitPay and drive greater merchant acceptance of cryptocurrencies. Bill is a strong leader and proven marketer with a track record of increasing demand generation and advancing go to market scaling efforts."   With more than 25 years of experience across the payments and ...Full story available on

Hong Kong Free Press Gives BitPay the Boot, Brings BTCPay Onboard

The Hong Kong Free Press, a media and news outfit based out of Hong Kong, has changed its payment processor. In an official tweet published earlier today, October 11, 2019, the media outlet announced that it would be replacing popular cryptocurrency payment gateway BitPay with its competitor BTCPay, an open-source platform for receiving bitcoin payments. A Troubled Relationship The Hong Kong Free Press is known for being particularly unbiased in its reporting. In a period where Hong Kong is mired in anti-government protests and political upheaval, many have turned to the publication as a means of getting unfettered, uncensored posts about events in Hong Kong.  The nonprofit depends on donations to run its operations, which was why it pitched its tent with BitPay, so it could receive bitcoin from donors easily. However, things became tense barely a month into this new partnership. At the time, Tom Grundy, the founder and editor-in-chief of the publication, took to Twitter to thank everyone who has donated HK$14,817 ($1,888 USD) to their cause. He followed that appreciation up with an announcement that the news agency will be temporarily suspending bitcoin payments due to BitPay’s refusal to send the funds to them. Grundy complained that BitPay had been sitting on the funds for almost a month, while adding that the payment processor had refused to process their transactions because Hong Kong banks don’t support IBAN, an international standard for identifying bank accounts while effecting financial transactions.  “Almost any alternative will be better,” he said. BitPay then responded on Twitter, saying that it was working on a solution: 2) Settling in GBP to a Hong Kong-based bank has different requirements for settlement info and validation, and our team is working to address the validation issue so this doesn't happen again.— BitPay (@BitPay) September 11, 2019 Ultimately, the press seems to have found an alternative in BTCPay. In the recent tweet, the news outlet noted that “Bitcoin donations via BTCPay help HKFP to eliminate processing fees,” adding that it will allow donors to remain anonymous, a feature which, for the more regulated BitPay, didn’t exist.  BTCPay: The Quiet Giant BTCPay was launched in 2017 as a decentralized alternative to BitPay for receiving bitcoin payments. Two years since its launch, it has grown to include a community of fanatical users and open-source developers.  “BTCPay was created when BitPay was trying to force all their merchants to use another altcoin instead of Bitcoin. The priority for BTCPay was to make sure that all software written to work on BitPay will work on BTCPay with minimal (or no) change,” Nicolas Dorier told Bitcoin Magazine last year.  With its open-source structure, merchants have access to more payment options than on BitPay. Besides Bitcoin, community developers have also added support for altcoins like Litecoin, Dash and Monero. The post Hong Kong Free Press Gives BitPay the Boot, Brings BTCPay Onboard appeared first on Bitcoin Magazine.
Bitcoin Magazine

Hong Kong Free Press Opts for BTCPay After BitPay Bitcoin Donations Grudge

BitPay recently lost Hong Kong Free Press (HKFP) as one of its clients after failing to settle Bitcoin donations allocated to the independent publisher. HKFP made it public that they have opted for BTCPay to deliver services that initially had been delegated to BitPay. This was mainly influenced by the need for anonymity in donations […]
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Bitcoin Gold Rush, ShapeShift FOX, Binance In India, CFTC + Libra & Ripple + Oxford

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ShapeShift Launching FOX Coin to Compete on ERC-20 Market

Coinspeaker ShapeShift Launching FOX Coin to Compete on ERC-20 MarketThere are many utility tokens on the market, some of them left from the “golden ICO era” of 2017, some of them came later. Every time a smart investor is looking at a new project, he thinks – a token again? Yes, one more token, this time coming from the veterans of the industry.To compete with Binance‘s Binance Coin and Bithumb Coin that has been recently officially launched by Bithumb, you need something special. Since Erik Voorhees, CEO and founder of ShapeShift, is not an ordinary person, having connections all over the industry, he has prepared a gift so unique you won’t be able to resist it. When registering on the platform, a user automatically gets 100 FOX tokens. He then can hold them within the account, which will grant $10 in free trading volume per token per month.Voorhees says that his company was thinking about launching their coin since 2017. No wonder, considering this year can be named the most profitable to scammers, thieves, and even idiots. You cannot trade with losses when the market is rising all year long, right? Finally, after 2,5 years of thinking about the creation of coin, ShapeShift made it.FOX Token Won’t Use Own BlockchainAs you may already notice, the new cryptocurrency – ERC-20 Ethereum token, is some token with high liquidity and a small area of using. It touches the lives of bitcoiners around the globe in a speedy, hardcore manner to make them leave custodial exchanges. The company will gather everything around being a non-custodial wallet. Erik noted:“We’re hoping that this will help marginally move some people away from custodians and be more comfortable with the non-custodial model.”Voorhees thinks that it is OK that the new coin won’t have its own blockchain. Its purpose is pretty limited, so there is no need for expensive mining equipment or video blades to perform well in mining, trading or staking this new asset. He also claims that Shapeshift will allow you to claim more benefits from staking in the future months, using the FOX. The service says that the new money will be used in different use cases, including the goal of shifting users from centralized exchanges to this new ideology. “ShapeShift’s goal is to make self-custody a seamless and enjoyable experience because this will help the world move toward self-sovereign finance and away from fiat,” added he.ShapeShift Can Provide the Liquidity You NeedThere is no other crypto custodian that will let you hold your coins as a self-custodian and trade for free at the same time. Only SS can process large amount of clients on their servers. Thousands of people are fleeing to the company every day, but many leave due to the KYC measures. What made this “fleeing” so special is that they buy cryptocurrencies and sell them so that the market moves somewhere.“This has nothing to do with establishing a new chain. Basically, we’re trying to get people away from custodial exchanges. This is an endemic problem in the crypto world that was a problem in 2011 when I first got involved, and it’s still a problem. So, we realized that to solve that, we had to provide all that stuff in one place,” said Voorhees.ShapeShift Launching FOX Coin to Compete on ERC-20 Market

USDT Transfers in Ethereum Up 6,000% in 2019

Tether (USDT) dominance in Ethereum is on the rise according to GlassNode, an on-chain market intelligence firm. Cumulatively, the amount of USDT transacted in Ethereum exceeds $100 billion, a 6,000% rise since early 2019. USDT is a stablecoin that is pegged 1:1 against the USD and several fiat currencies. It is officially issued by Tether Limited, a company that has links with Bitfinex, a Hong Kong-based cryptocurrency exchange. USDT Statistics in Ethereum #Tether adoption on #Ethereum still on the rise: $USDT cumulative on–chain volume just surpassed 100 billion USD. That's an increase of more than 6000% since the beginning of 2019. — glassnode (@glassnode) November 19, 2019 With the shift to Ethereum, USDT transactions are now more active and even harder to track. Combined, Tether’s smart contracts have spent over 2,000 ETHs in Gas as per data from ETHGas Station. This translates to $367k paid as fees with each transaction billed at 21.1 GWei. It is over 10X more than those paid by IDEX smart contracts. There are 562,969 USDT holders generating 11,734,646 transfers pushing Tether’s diluted market cap to $2.03 billion. Overall, the token circulating supply stands at $4.12 billion with a market cap of $4.124 billion at the time of press. USDT Token Holders At this rate, USDT smart contracts burn 10.49% of all Gas with average GWei fluctuating depending on supply and demand forces. When there is a noticeable rise or fall in Bitcoin prices, USDT activity tends to spike. Tether Limited’s Objective According to a circular from Tether Limited, the company has made headway in allowing users to send value over the blockchain without the inherent risk of volatility and complexity associated with free floating cryptocurrencies. By rolling out a stablecoin on Ethereum and complying with the ERC-20 standard, a guide used by most fungible tokens generated on the smart contracting platform, users enjoy faster confirmation times, low transaction fees than they would have on the Omni Protocol. ETH Falls to Third Place Earlier, a report by Bloomberg revealed that USDT was rapidly catching up with ETH and BTC as a preferable means of payment. Statistics published by CoinPayment showed that USDT popularity surged 30% as merchants were attracted to the token’s non-volatility and low transaction fees. BTC related payment shrunk to 60% from 80% with ETH dropping to third as USDT climbed to second. The post USDT Transfers in Ethereum Up 6,000% in 2019 appeared first on Coingape.

Bitfinex Announces Strategic Collaboration with ODEM to Expand Cryptocurrency and Blockchain Education

Zug, Switzerland, Nov. 21, 2019 (GLOBE NEWSWIRE) -- (via Blockchain Wire) ODEM SA and Bitfinex, a state-of-the-art digital asset platform, are excited to announce a strategic cooperation introducing a new model of education on the role of digital tokens in the blockchain-enabled economy. The idea is to provide an innovative token transaction simulation model, designed and operated by ODEM, using Bitfinex as its premier liquidity platform. Together, they will launch a series of programs and courses aiming at increasing the level of education of both novice and advanced Bitfinex users who are interested in obtaining more knowledge about the technical features of digital tokens. In conjunction with these educational programs, ODEM will launch a full simulation of its education marketplace. Bitfinex will provide the liquidity for ODEM transactions, reflected through ODEM's smart contracts. This way, Bitfinex users purchasing educational programs on the ODEM Marketplace using the same credentials as on Bitfinex will be able to view their ODEM Token transactions on Bitfinex's order book. "We're excited to be the first to market with completely mirrored fiat-to-crypto trades in our education and employment marketplace," said Richard Maaghul, CEO at ODEM. "Mirroring blockchain transactions allows users to view their payment activity reflected through our smart contracts in real-time and viewable through Transactions conducted by ODEM's Token simulation are fueled by liquidity provided by Bitfinex. With their support ...Full story available on

Polymath building new security token blockchain platform on Substrate

The team of Polymath, a platform for security token issuance and management, declared back in back in March of this year during Consensus New York, that it had begun work on building a new base layer public blockchain from the ground up – codenamed Polymesh. Now, Polymath has announced that it is building Polymesh on […] CryptoNinjas: Polymath building new security token blockchain platform on Substrate
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