Two California Democrats running for Congress are at odds over one’s decision to accept bitcoin contributions. In his campaign ad, ex-SEC attorney Dave Min slammed former Barack Obama aide Brian Forde for accepting BTC political donations. “Brian Forde’s big donors? Bitcoin speculators who oppose cracking down on drug deals and human trafficking,” Min’s ad trumpeted.
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The bitcoin price is too volatile to make it a useful payment tool for merchants, PayPal CFO John Rainey claimed in a recent interview. Bitcoin Price Too Volatile for Merchants Rainey made this claim during a recent episode of “Mad Money,” explaining that merchant margins are too thin to make bitcoin a viable payment medium.
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Bitbond, an online bank founded in Germany in 2013 by German Radoslav Albrecht, has found an innovative use case for bitcoin’s borderless nature: international loan payments. It was the first to use bitcoin to transfer credit in currency internationally, not only as loan collateral, and it’s currently processing about $1 million in loan payments per month.
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Cryptocurrencies are set to make a comeback on Reddit. It is the largest community where cryptocurrency enthusiasts meet and discuss the technology. The Bitcoin subreddit has 816K subscribers, and Cryptocurrency subreddit has over 663K subscribers. But back in March, the platform disabled Bitcoin as a payment method for Reddit Gold after enabling it in February
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Ethics officials in the U.S. state of Wisconsin are divided on whether to allow political campaigns to accept campaign donations in bitcoin and other cryptocurrencies. If Wisconsin approves the move, it will join Montana, Washington, D.C., and the U.S. federal government in allowing cryptocurrency campaign contributions. At a hearing on April 24, the Wisconsin Ethics
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The real estate industry is increasingly embracing bitcoin as a form of payment. Most recently, hedge fund manager Claudio Guazzoni de Zanett has put his Manhattan townhome on the market for nearly $30 million in USD or $45 million in cryptocurrencies, according to a story in The Wall Street Journal. Zannett is hedging his bets, attaching a
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Earlier this week, leading US electronics retailer Newegg expanded its bitcoin integration to its platform in Canada, allowing millions of customers based in Canada to pay for products with bitcoin. Increasing Retailer Adoption Newegg CEO Danny Lee emphasized that the value of bitcoin has skyrocketed since 2014, when the company first integrated bitcoin, and noted
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One of Silicon Valley’s oldest venture capital firms is dipping its toe into the blockchain ecosystem with an investment in cryptocurrency payment processing startup BitPay. The investment, announced on Monday, came as part of a $40 million funding round, the largest in the Atlanta-based company’s nearly seven-year history. It also constituted the first time Menlo
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The world’s biggest sporting event is just a few months away and fans are flocking to online websites to book their seats in Russia. Luckily for crypto users, Kaliningrad, one of the cities hosting the matches, is now offering cryptocurrency payments for hotel rooms. Buying Business Travel Russia reported that Apartments Malina has teamed up with
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A Japanese car dealership that sells used imported luxury cars with showrooms in Tokyo is accepting bitcoin as a means of payment. Announced by bitFlyer, Japan’s largest cryptocurrency exchange, a partnership with car dealership L’Operaio will see the exchange provide the technology to enable the dealer accept bitcoin from customers. Customers will need to download
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