Crypto payment processor BitPay issued advice on its official blog yesterday, Nov. 26, for users of its open-source Bitcoin (BTC) wallet Copay, which has reportedly been compromised by malicious code. The vulnerability pertains to a third-party Node.js module, also known as an “event stream,” which is used in versions 5.0.2 through 5.1.0 of BitPay’s Copay and BitPay apps. According to a GitHub issue report, this module was modified to load malware that is capable of stealing users’ private keys. BitPay’s post states that the BitPay app was not vulnerable to the malicious code, but that its team is investigating whether …

The Chief Commercial Officer (COO) of global crypto payment processor BitPay has ventured that Bitcoin (BTC) will hit $15,000 to $20,000 by the end of 2019. The COO, Sonny Singh, made his forecast during an interview with Bloomberg Nov. 22. In the midst of a bearish market picture – with Bitcoin down over 32 percent in value on the month – Singh said that he expects the next big price action to come when mainstream financial sector giants such as Fidelity and Intercontinental Exchange (ICE) start to launch their crypto-based investment products next year. The financial giants’ entry into the …

U.S.-based cryptocurrency payment processor BitPay has started accepting stablecoins, according to an announcement published Oct. 15. The company now allows its merchants to receive settlements in Gemini Dollars (GUSD) and Circle USD Coin (USDC). Founded in 2011 in Atlanta, Georgia, BitPay provides payment services with Bitcoin (BTC) and Bitcoin Cash (BCH) with a customer base of 20,000 businesses globally. GUSD and USDC are Ethereum (ETH) blockchain-based stablecoins issued by regulated crypto exchanges Gemini and Circle. The value of each of these coins is tied to the value of the U.S. dollar at a 1:1 ratio, which purportedly reduces the risk …

The Chief Commercial Officer of global crypto payment processor BitPay said that altcoins “will never come back,” while Bitcoin (BTC) will “rebound” in 2019, in an interview with Bloomberg September 12. The CCO of BitPay Sonny Singh said that cryptocurrency markets are now on the threshold of a new stage of progress, which requires a certain “defining moment,” or a “catalyst.” According to Singh, that “defining moment” will come when big institutional investors, such as Goldman Sachs and BlackRock, “become real” in 2019. “But next year you'll see the talk of the big entrants become real, where you’ll see Goldman …

Luxury automobile retailer Post Oak Motor Cars is reportedly the first Rolls-Royce, Bentley and Bugatti dealership in the U.S. to accept Bitcoin (BTC) and Bitcoin Cash (BCH) as payment, according to an official press release published September 5. The luxury auto retailer, owned by American businessman Tilman Fertitta, has integrated crypto payment service provider BitPay to let clients purchase cars with crypto. According to the press release, the Texas-based firm will accept purchases in crypto from customers worldwide. Fertitta commented that the company decided to provide the new payment option in order to offer their customers “the very best buying …

Police in California have arrested an alleged hacker who stole Bitcoin (BTC) totalling more than $1 million by hijacking cellphones, investigative cybercrime blog Krebs on Security reported Wednesday, August 22. Citing a police report, the publication reveals Xzavyer Narvaez, 19, used “SIM swapping,” a technique also known as a “port out scam,” to reportedly steal cryptocurrency from victims’ devices. Over a period of several years, Narvaez and another suspect already under arrest used the funds to buy items such as luxury sports cars. From March to June 2018 alone, Narvaez’s account on cryptocurrency exchange Bittrex processed 157 BTC (around $1,009,000). …

U.S. satellite service provider DISH has announced it has added Bitcoin Cash (BCH) as a payment option and migrated to the BitPay payments provider, according to an official press release August 9. The DISH Network Corporation was among the first satellite service providers in the world to accept Bitcoin (BTC) payments back in 2014. John Swieringa, the executive vice president and chief operating officer at DISH, said in the press release that the company has “a steady volume of customers paying with cryptocurrency each month”, adding: "We've added Bitcoin Cash just as we chose to accept Bitcoin to serve customers …

Cointelegraph recently had the chance to speak with Pierre-Edouard Wahl, the head of blockchain digital services at PwC Switzerland, about the future potential of blockchain in the country. Wahl, who noted that PwC Switzerland worked closely with main Swiss stock exchange SIX on their announcement of a future distributed ledger-based digital asset exchange, elaborated on his beliefs that crypto must be used in order to go mainstream enough to give people back control of their digital footprints. This interview has been edited and condensed. Molly Jane: Could you tell us how you got interested in the blockchain and cryptocurrency space? …

The volume of Bitcoin (BTC) used in commerce has declined significantly over the course of the last year, Bloomberg reports Aug. 1. Citing market research firm Chainalysis, Bloomberg reported that the volume of Bitcoin received by the largest 17 crypto merchant-processing services hit a low of $60 million in May 2018, after reaching a peak of $411 million in September 2017. The use of Bitcoin for payments has declined in tandem with its price, which peaked at almost $20,000 in December 2017 before its subsequent drop of over 50 percent. While the amount received by services such as BitPay, Coinify, …

Fundstrat Global Advisors, market strategy and research provider, announced the firm will start accepting Bitcoin (BTC) for content via Bitpay, according to a press release shared with Cointelegraph July 31. In what the company claims is a first for research firms, Fundstrat has added Bitcoin payments to its platform via payment operator BitPay, which processed more than $1 bln in Bitcoin payments in 2017. According to the press release, the new feature will allow institutional investors, as well as financial advisors, high net worth individuals and other entities to use Bitcoin to purchase access to Fundstrat’s reports on different financial …

Global crypto payments processor BitPay has been granted a BitLicense by New York сtate’s financial regulator, according to a press release shared with Cointelegraph July 16. The recently acquired virtual currency license from New York’s Department of Financial Services (NYDFS) will allow BitPay to do business with customers and companies based in the state. Additionally, New York-based business will be able to use BitPay to accept Bitcoin (BTC) and Bitcoin Cash (BCH) for purchases from users worldwide. NYDFS, which governs rules for virtual currency business activity, examined BitPay’s level of compliance with anti-money laundering (AML), know your customer (KYC), anti-fraud, …

Major travel booking website Expedia.com recently stopped accepting Bitcoin (BTC) as a payment method for hotels or flights, Expedia told Cointelegraph June 27. An Expedia spokesperson confirmed that the service “no longer accepts digital currency Bitcoin,” starting from June 10, 2018, apologizing for “any inconvenience this may cause.” The service did not comment on the cancellation either on social media or on its website. Community members took to Reddit to express their contempt of the recent news, subsequently suggesting a number of alternatives to Expedia, such as CheapAir travel service, which started accepting Bitcoin for flights and hotel bookings in …