News summery, read through it….
Bitcoin, considered by many to be the killer of traditional payment methods such as PayPal, may become instead an enhancement. CEO of eBay, John Donahoe, states that they are actively considering the integration of Bitcoin with their payment service known as PayPal. Last month, they even launched a virtual currency section on their US website so it’s fitting that there considering it as a payment method. This is a mean virtual transactions are limited to the U.S. however. You’re still able to list and add in the classified section, the transaction, such as these would be outside of eBay’s....
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Welcome everyone! IT’S TIME FOR THE Bitcoinist NEWS Bits! This week we are going to give you a short summery about Inside Bitcoins Conference that took place at the beginning of this week in London. The conference had over 200 attendees and a bunch of exhibitors including Cex.io and Ghash.io who were actually the Platinum Sponsors of the event along with Strevus. Jeffrey Smith the CIO of Cex.io announced their new project called PlugChain an open API for building bitcoin applications. This platform enables developers to create many cryptocurrency applications like wallets and merchant....
The bitcoin price has skyrocketed this weekend, starting from the low 220s and ending up on the high 290s! There might be a correlation with news this time as Coinbase just announced that they will become a licensed Bitcoin exchange in more than 20 US states (which is good news!). The bitcoin price has had a slow start this year, but it may seem that this is all about to change. The question now is how far will this current increase stretch? Will we see a bitcoin price above 300 USD? You can read our analysis here or get an exclusive membership at the bitcoin community xbt.social and be....
If you don’t what the Bit Drop is, essentially it is a event sponsored by Coinapult , which we have interview before, Aspen Assurance, and Bitcoin Beauties just to name a few. On 3/14/15 at 9:26 a.m, Dominica will send Bitcoin to every resident via SMS some Bitcoin, over 70,000 strong. Not only has it made news in the Bitcoin community, it has also made news in some more mainstream channels. I was lucky enough to talk to talk to Sarah over at the Bit Drop. Read the comprehensive interview here. Nuno interviewed Jason Lukasiewicz, the CEO of Coinsetter. Coinsetter is a Wall Street based....
Even though mainstream media outlets earn good money by spreading the news to the general population, not all of their news is based on research, facts, or truths. After all, negative news will sell more papers or online subscriptions whereas positive news is read once and then forgotten about. Mainstream media has never been keen on Bitcoin and digital currency unless they were able to spread misconceptions or create negative press that was based on speculation. The popular digital currency has seen various iterations of attacks by mainstream media throughout the years, but journalists....
A new Coingecko survey has found that a large number of yield farmers do not know how to read smart contracts despite claiming they understand the risks that come with such investments. According to the survey, which polled 1,347 people, around 40% of decentralized finance (defi) users cannot comprehend the smart contracts they use for farming. Some 33%, it says, have never heard of ‘impermanent loss’ – a temporary loss of funds that occurs when providing liquidity. This “implies that they (farmers) don’t know their real return on investment (ROI) and are....