‘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…

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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…

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Bitcoin Hash Rate to Hit a Milestone 100 Quintillion for the First Time

Bitcoin Hash Rate to Hit a Milestone 100 Quintillion for the First Time

The metric shows profitability and support for the Bitcoin network are at an all-time high in 2019. Bitcoin (BTC) is aiming for a new network record as its hash rate is just inches away from hitting three figures.Bitcoin hash rate nearing 100 quintillionData from statistics and wallet provider Blockchain published on Sept. 8 shows that as of that date, Bitcoin’s hash rate has topped 94 quintillion hashes per second. Bitcoin network hash rate. Source: BlockchainA…

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