‘Never Use BitPay’ — Hong Kong Free Press Slams Bitcoin Donation Block

‘Never Use BitPay’ — Hong Kong Free Press Slams Bitcoin Donation Block

Yet another public humiliation reignites the debate on whether third-party payment processors are detrimental to Bitcoin adoption. Cryptocurrency payment processor BitPay faces another publicity nightmare amid claims it blocked donations to Hong Kong for several weeks.According to a complaint on social media by Tom Grundy on Sept. 11, founder of crowdfunded media outlet Hong Kong Free Press (HKFP), BitPay suddenly began failing to pass on funds from donors. Press CEO: “Never use BitPay”HKFP has accepted…

Share:
Read more

Mastercard Partners With Blockchain Firm R3 for Payments Solution

Mastercard Partners With Blockchain Firm R3 for Payments Solution

Blockchain firm R3 partnered with Mastercard to develop a cross-border payment solution. Mastercard partnered with blockchain firm R3 to develop a cross-border payment solution.According to a Mastercard press release published on Sept. 1, the two firms plan to pilot a new blockchain-enabled cross-border payment solution. The system will reportedly focus on connecting global faster payments infrastructures, schemes and banks.Multiple ways to move moneyPer the release, the announcement is part of Mastercard’s plans to strengthen…

Share:
Read more

New Mining Difficulty Metric Points to $31K Bitcoin Price by 2021

New Mining Difficulty Metric Points to $31K Bitcoin Price by 2021

New estimates predict a 1,000% increase in price versus the last difficulty low, which was $3,100 in December 2018. Bitcoin (BTC) price should hit $30,000 during its current price cycle, new data based on mining difficulty suggests.Published by well-known analyst PlanB on Sept. 10, the statistics combine Bitcoin price as a percentage of difficulty lows, along with the number of blocks since the last low.The difficulty is a measure of how difficult it is…

Share:
Read more