Barstool Sports founder Dave Portnoy has expressed his hesitation to buy bitcoin at its current price but is open to accepting the cryptocurrency as payment. He disclosed that he accepted bitcoin from crypto exchange Kraken as part of a sponsorship deal, highlighting his belief in the cryptocurrency. Dave Portnoy Embraces Bitcoin Payments Dave Portnoy, founder…
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Sending bitcoin onchain remains a poor payment experience despite the hype surrounding the leading crypto asset, according to Taproot Wizards founder Udi Wertheimer. In a recent post-mortem of a high-volume sale using bitcoin, Wertheimer detailed several pain points with onchain payments including long confirmation times, lack of payment amount enforcement, high fees, and insufficient Lightning…
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Sushi is set to test Bitcoin swaps on 30 different blockchains using the interpretability protocol ZetaChain. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. A new DeFi report has highlighted that a significant amount of…
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Crypto payments are often seen as a way to boost adoption, but is adoption growing if the business sells crypto right back? The answer is complex. Cryptocurrency enthusiasts often argue that businesses need to start accepting crypto as payments for adoption to grow — boosting usability and potentially creating strong demand for these currencies. Some…
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The proposal would affect retail transactions carried out from crypto wallets, but not crypto trading. The United States Consumer Financial Protection Bureau (CFPB) has proposed a rule to allow it to supervise large non-bank digital wallet and app providers. The rule is part of a larger move by the agency that has seen it extend…
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PFC Botev Plovdiv, Bulgaria’s oldest soccer team, recently said it now accepts bitcoin payments at fan shops and catering points during matches. Fans who make payments using the top cryptocurrency anytime in the month of November are eligible for a 10% discount.
Fans to Buy Tickets With BTC
Bulgaria’s oldest soccer team, PFC…
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A Bloomberg analyst reported the percentage of energy used for Bitcoin mining coming from renewable sources had exceeded 50% due in part to miners fleeing China’s ban. Elon Musk said in 2021 that Tesla would accept Bitcoin payments once miners were using roughly 50% clean energy sources “with positive future trend” — a benchmark that…
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The latest Cointelegraph Report assesses the current growth rate of global cryptocurrency usage and tries to predict when crypto will reach mass adoption. Cryptocurrencies must reach mass adoption to unlock their maximum potential as a network technology and their value as financial assets. As with other technologies, the adoption of crypto follows a classic bell…
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“Imagine if Best Buy, Bank of America, Fox News and an NFL team were all owned by the same individual. All of them will have lightning capabilities in the future,” Jose Lemus, CEO of Ibex Mercado, told Cointelegraph. The world’s largest Bitcoin (BTC) conference, Bitcoin 2023, in Miami, Florida, passed without major fanfare this year.…
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According to Strike CEO Jack Mallers, the expansion drive aims to counter the “clouded world of crypto exchanges and hidden, unregistered licensing regimes and 1,000 different coins.” Strike, a Chicago-based Bitcoin (BTC) payment provider, expanded its services to 65 countries in parallel to relocating its global headquarters to El Salvador. Before its expansion, the mobile…
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