A company that enables visitors to buy Bitcoin using more than 300 payment methods has reported growth in the number of transactions being completed using US dollars – and says it is determined to dismantle the issues people have in earning and transferring their money freely. Paxful was launched in 2015, and has the goal of making it simple to buy cryptocurrency – a boon for people who haven’t done so before. Cash deposits and bank transfers can be used on its platform – with the company promising to deliver Bitcoin in less than an hour at an “awesome price.” …

A blockchain/DAG hybrid platform has unveiled bold plans to entice businesses to use its technology – and says its “unprecedented speed, scalability and security” has the potential to benefit enterprises that handle a high frequency of transactions. BEXAM initially intended to serve the cryptocurrency market as a hybrid exchange which used a unique algorithm to deliver the best features of centralized and decentralized platforms alike. However, the startup has decided to refocus its proposition after receiving glowing feedback about its technology – moving away from the congested exchanges sector to capitalize on its infrastructure, which delivers block times of 0.2 …

A new blockchain network believes its platform offers the “next step” from Bitcoin – speeding up transaction times and giving crypto enthusiasts the chance to change between different digital currencies with ease. In a bid to reduce the delays that some transactions on blockchain face, Minter claims it can process them in five seconds flat – meaning thousands of transactions per second can be completed without delays or additional confirmations. Minter hopes to stand head and shoulders above the competition by giving anyone the opportunity to create their very own cryptocurrency and set a price for it. These coins can …

JPMorgan Chase’s Jamie Dimon was bullish on blockchain tech, but shied away from commenting on cryptocurrency, saying fiat payment apps are “the biggest potential disruption to our business” in an interview published in the July-August issue of the Harvard Business Review. When asked about his company’s chief competitive threat, Dimon, chairman and CEO of JPMorgan Chase — the largest of America’s Big Four banks — singled out what he called “new forms of payment.” Specifically naming PayPal, Venmo and Alipay, Dimon said that “these companies are doing a good job of embedding basic banking services in their chats, their social, …

EOS developer Block.one has secured investments from billionaire PayPal co-founder Peter Thiel and crypto mining hardware billionaire Jihan Wu of Bitmain, according to an official announcement today, July 16. Block.one is the creator of the EOSIO software, a blockchain protocol that aims to support decentralized apps (dApps) on an industrial scale. The protocol’s native cryptocurrency EOS is currently ranked fifth in the world with a market capitalization of $7.1 bln. Other notable co-investors of Block.one’s latest funding round –– of which the exact total is yet to be revealed –– include two major hedge fund billionaires, Moore Capital’s Louis Bacon …

Billionaire Steven Cohen, the founder of Point72 Asset Management, is reportedly backing a crypto and blockchain-focused hedge fund, Bloomberg reports Friday, July 13. Cohen invested in Arianna Simpson’s cryptocurrency hedge fund, Autonomous Partners, via his private equity firm Cohen Private Ventures, according to Bloomberg’s anonymous source. Point72 Asset Management, whose most recent portfolio value is almost $24 billion, is headed by Andrew B. Cohen, who is also the Managing Director of Cohen Private Ventures. Simpson founded Autonomous Partners in December 2017. In an interview with Fortune on July 12, she said that the fund has already secured “funding in the …

A company that bills itself as the “world’s largest cosplay platform” is turning to blockchain to help the industry develop a sustainable economy — tackling issues such as harassment and copyright in the process. Cure WorldCosplay is an international community with more than 720,000 members in 180 countries. Available in 12 languages, the company says it offers a platform for talented cosplayers, photographers and prop makers to showcase their work. More than 6.5 million images have been shared on its service to date, and in excess of 430,000 people follow the platform’s official social media accounts. In its white paper, …

PayPal CFO John Rainey said in an interview with CNBC May 16, that the company doesn't see much interest in digital currencies because price volatility threatens the viability of their merchants’ businesses. Centralized payment service PayPal was a pioneer in accepting cryptocurrencies. Merchants could opt-in to accept Bitcoin (BTC) on the platform as far back as 2014, when BTC was worth around $400. Today, Rainey stated that PayPal currently doesn’t see much interest in digital currencies from their merchants, as the volatile nature of cryptocurrencies can cause contingent losses, explaining: "If you're a merchant and you have, let's say, a …

Coinbase has appointed former PayPal and Facebook executive David Marcus to its board of directors as the second high-profile hire in a week. In a dedicated blog post Tuesday, CEO Brian Armstrong said Marcus’ “knowledge of both the payments and mobile space” was what would help “guide” the largest US Bitcoin exchange and wallet provider going forward. “David’s perspective and experience in bringing innovative and impactful products to market will be invaluable to Coinbase as we grow,” he explained. Growth at Coinbase has become no laughing matter this year as the company goes through a second hyper adoption phase which …

People have been talking about cryptocurrencies and Blockchain for the past few years. The innovation of Blockchain is undergoing more improvements, and the platform is getting stable. In line with that, many people are starting to invest in Bitcoin and the other digital currencies. Businesses are now venturing out to explore Blockchain platform. Companies have research and studies about the possibility of applying the principle of the network- how it will be beneficial to the company and the consumers. The attack of Trickbot Lately, Trickbot has been a hot topic for attacking financial sectors. It has plagued the banks around …

PayPal Confirms Bitcoin Acceptance Option at SEC Ahead of EBay Split In a filing at the US Securities and Exchanges Commission (SEC), PayPal details its future as a separate entity from eBay, a split which is due to occur by the end of 2015. In discussing its innovations, specifically Braintree, PayPal definitively mentions "digital currencies such as Bitcoin” as an official tool for merchants to use. The filing reads: "A merchant can typically open a standard PayPal account and begin accepting payments through PayPal within a few minutes. [...] Our Payments Platform supports growth with a variety of value-added services …

An American survey conducted by the Boston Retail Partners, suggests that 8% of North American retailers are planning on accepting Bitcoin within 12 months, and 5% within 1 to 3 years. Boston Retail Partners' annual POS/Customer Engagement Benchmarking Survey, polled more than 500 top North American retailers in November and December 2014, to gain insight into their planned initiatives, priorities and future trends. The report indicated that Apple Pay and Paypal, will lead the payment market in 2016, with 30% of the respondents having plans to adopt the former, and 18%, the ladder. Apple Pay is designed to utilize tokenisation …