BitFury Capital, the VC arm of the multifaceted BitFury Group, announced Wednesday it had invested an undisclosed amount in payment processor GoCoin. BitFury also said it would use GoCoin as the default payment processor for its worldwide network of vendors. GoCoin will offer BitFury a little bit of cryptocurrency flexibility, as the company processes Litecoin and Dogecoin transactions in addition to Bitcoin transactions. PayPal selected GoCoin as one of its Bitcoin payment processors in September. “Payment processing is a critical element in stimulating the Bitcoin economy," BitFury Capital managing partner Marat Kichikov said in a statement. “We are committed to …
The effect of block reward halvings for both Bitcoin (BTC) and Litecoin (BTC) mining could be mitigated by merged mining, according to a report by a research arm of major crypto exchange Binance released on July 12. Following Charlie Lee’s prediction that some miners may shut down Litecoin mining after the halving, which is expected to take place on Aug. 5, 2019, Binance Research analyzed the potential of so-called merged mining to retain incentives for crypto miners. Merged mining is a practice of using the work done for one blockchain, or parent blockchain, on other smaller child blockchains by implementing …
Commission-free crypto trading app Robinhood has listed Ethereum Classic (ETC), according to an official announcement Monday, Aug. 6. Robinhood customers can also invest in Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and Dogecoin (DOGE), as well as monitor market data for ten other cryptocurrencies. Currently available in 19 states of the U.S., Robinhood crypto trading app was launched in February, 2018, initially listing Bitcoin and Ethereum, and available only in four states. On July 12, Robinhood launched support for Bitcoin Cash and Litecoin, just a few days prior to the introduction of Dogecoin. Robinhood originally intended to operate …
Litecoin Litecoin is still standing between two price levels of $3.50 and 3.80, somewhere near $3.60. It seems that situation would only change when the Bitcoin price moves away from $450. DASH DASH bottomed out at a price of 0.056, having lost about 6% in a day. If the Bitcoin price moves up, DASH would probably move to another bottom, but Bitcoin price corrections will give DASH a chance to make a new start from this level. Dogecoin Dogecoin resists the inevitable, holding its price at the level of 30 Satoshi. Last night the price even fell down to 28 …
PayPal co-founder and venture capitalist Peter Thiel believes Bitcoin has succeeded as a currency, but still lacks as a payment system. On October 15, Peter Thiel was invited to the University of Chicago Booth School of Business to speak about entrepreneurship and business practices for an event organized by the Polsky Center for Entrepreneurship and Innovation. The event was hosted by Booth School of Business' Norman R. Bobins Professor of Economics Randall Kroszner, and gathered more than 1,000 members of the University community, reported the Chicago Maroon. Thiel started his talk with a critique of what he calls "a pervasive, …