Coinbase Announces Pricing in 'Bits' and Bitcoin Buyback Option
Bitcoin payment processor Coinbase is now enabling merchants to display the cost of their goods and services in smaller denominations of bitcoins - "bits". The San Francisco-based company, which has so far raised funding totalling $31.7m, explained that using bits means prices can be displayed using two decimal places, which consumers are already used to. Currently, a single bitcoin is divided into eight decimal places, with each unit known as a "Satoshi". One bit (or µBTC) is worth 100 Satoshis, so something worth $1 can be priced at 1,700 bits rather than 0.0017 BTC. New buyback feature.....
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Cryptocurrency OBITS has called to end its crowdsale with the introduction of its first buyback, a dividend option and a new fiat gateway on OpenLedger, a decentralized trading platform based on BitShares 2.0. The crowdsale, according to OBITS issuer and market maker CCEDK, has managed to raise more than 700 BTC — equivalent to $270,000 — before conclusion. The Danish decentralized cryptocurrency exchange now plans to move ahead with OBITS’ first buyback program, which will take place on February 2nd this year. The new profits “will be used for market-making and to add value to the end....
San Francisco-based Bitcoin wallet and platform Coinbase has come up with a list of six ways by which a person can earn this virtual currency. In a blog post titled 6 Ways to Earn Bitcoin, the company mentions that while "buying Bitcoin on Coinbase is the best way for people with bank accounts in the US, Europe, Canada, and Singapore to get Bitcoin" yet there is also an alternate method by which one can own a Bitcoin and that is to earn it. The company lists the best services to help a Bitcoiner in this regard and they are: Hackerone-Through this a security expert can earn several bits if....
Merchants using Coinbase's services to accept bitcoin payments may be particularly interested to know that the San Francisco-company has improved their checkout payment pages, giving them a refreshed look and improved functionality, while allowing merchants greater flexibility when customizing these pages. For customers already logged into Coinbase, two-click purchasing has not been affected, and sending bitcoin payments is still quick as ever. Some new items however include the ability for merchants to add cover pages. Merchants can get really creative here, and make their checkout pages....
On July 17, BitPay announced the launch of Get Bits, a simple solution to Get bitcoins anywhere in the world. If "What is a Bitcoin?" is the number one question asked, perhaps "How do I get a Bitcoin?" is the second most asked. Buying bitcoins is one of the biggest hurdles to getting started; that's why BitPay created Get Bits. Get Bits lets you give and receive bitcoins to your friends through your Facebook. BitPay is a payment provider used by both Newegg and TigerDirect amount others. Its strongest competitor is Coinbase, which has just picked up Dell as its newest and largest partner.....
There's some pretty interesting stuff going on over at the Coinbase camp. The San Francisco-based company today put together two blog posts on a couple of features that are sure to be crowd pleasers. The first of the two is the option for Coinbase users to buy back bitcoins following check out. Quite simply, what this means is that when a user spends a certain amount of bitcoin, they can instantly buy that same amount back from Coinbase at current market rates. So if I were to spend 1 bitcoin on a new desk, for example, I could instantly refill my Coinbase wallet with the same amount of....