Category: Bitcoin Payments

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Dwight, not Wright: ‘I am Satoshi Nakamoto,’ says beet farming #BitcoinTuesday star

Question: what kind of crypto is best? False — Bitcoin. The search for Satoshi Nakamoto may be nearing its end as Rainn Wilson, best known as Dwight Schrute from the U.S. version of the TV series The Office, has stepped up to the role as part of Bitcoin Tuesday. In a YouTube video posted as part…
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Bitcoin Tuesday aims to raise $1M for good causes today

The premier crypto charity event kicks off today. Here’s how you can participate. Bitcoin Tuesday, a crypto-based charity event hosted by The Giving Block, is looking to raise at least $1 million in donations today and over the rest of the month of December. The fundraising target makes Bitcoin Tuesday one of the largest crypto-based…
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Pizza Hut to accept Bitcoin for pies in Venezuela

Fast food chains like Burger King and Church’s Chicken already accept crypto payments in the South American nation. A famous U.S.-based pizza chain has begun accepting cryptocurrency payments in all its stores in Venezuela. According to a Nov. 27 tweet from crypto services firm CryptoBuyer, Pizza Hut stores in the South American nation now accept crypto…
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Bitcoin shortage is real, and PayPal is the cause, Pantera Capital claims

Bitcoin’s supply crunch could be having a dramatic impact on price, according to Pantera Capital. PayPal’s entry into the cryptocurrency market could be having a dramatic impact on the Bitcoin (BTC) price.  In a newly published report, crypto investment firm Pantera Capital says a Bitcoin shortage is at the heart of the recent price surge…
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Poker network now gives ‘95% of payouts’ in Bitcoin — around $160M monthly

“We are constantly having to go out and buy Bitcoin,” the Winning Poker Network reports. Winning Poker Network, an online network that supports numerous online poker websites across the world, has reported a surge in demand for Bitcoin payouts.  In an Nov. 19 report from Bloomberg, the CEO behind Winning Poker Network, or WPN, said…
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Deloitte includes BitPay on top 500 tech companies list

BitPay beat Pinterest by several ranks on Deloitte’s prestigious list. As cryptocurrencies continue gaining mainstream attention, some of the industry’s native companies have also joined the spotlight. Bitcoin payment processing company BitPay joined the ranks of 499 other important technology companies today. Big Four accounting firm Deloitte sees BitPay as one of North America’s top…
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Wall St drives PayPal to all time high on Bitcoin news

Mainstream investors apparently liked the company’s turn towards crypto. PayPal (PYPL) reached $215.87 on Oct. 21, a few dollars past its previous all-time high of $212.38, set on Sept. 2, 2020, according to data from TradingView. This price action came shortly after the payments company announced that it would soon be including crypto assets on its platform. PayPal plans to…
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Former patrons can’t drown sorrows as first-ever bar to accept Bitcoin closes

A legendary Berlin-based watering hole and Bitcoin hub closes down A legendary bar and restaurant in Germany that was reportedly the first to ever accept cryptocurrency as a form of payment has permanently closed. According to an Oct. 18 Reddit post from Joerg Platzer, founder of Room 77, the first brick-and-mortar business to accept Bitcoin…
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This early Bitcoiner sold BTC on eBay for a 100% markup in 2015

Another story that helped pave Bitcoin’s early road to adoption. Chris Maurice, CEO of Nigeria-based crypto exchange Yellow Card, made his first business venture into the crypto space back in 2015, selling Bitcoin (BTC) on eBay. “We did that for about a week and we did over $40,000 in sales at a 100% markup,” Maurice told…
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OKCoin Exec Says PayPal Will Boost Crypto Adoption, If Rumors True

OKCoin’s COO said a PayPal crypto listing would give the industry vast exposure. Rumors recently surfaced of mainstream payment giant PayPal adding crypto as an option on its platform. Although he had no additional information on the legitimacy of the rumors, OKCoin COO Jason Lau said digital assets on PayPal would further crypto adoption.  “When a…
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