Bitwala’s Altcoin Embrace Sees Service Reverting to Bitcoin
Bitwala, a crypto-to-SEPA service that allows fiat currency transfers towards settlements from users who pay in cryptocurrency, has been less than impressed by the public’s response to altcoins after embracing altcoins. While it plans to continue to support altcoins, Bitwala is planning to focus more on bitcoin, according to a recent blog posted on its website. The company has asked for input on whether people agree with this change in focus. The blog is titled, “Everybody is excited about altcoins, but nobody is using them.” A Promising Partnership. In July, Bitwala announced a....
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Bitwala customers will receive fee-free bitcoin transactions for the next two weeks in celebration of the payment service having logged 2 million transactions in one year. Starting Monday, Bitwala will waive its 0.5% fee. Users can redeem Bitwala’s fee-free offer until March 28 with the code: THANKYOU. Bitwala launched as Europe’s first bill payment service that allows users to pay bills with bitcoin. The service makes it possible to to use bitcoin for paying for anything from credit card bills to utilities. Bitcoin owners can pay fiat bills without having to use an exchange. Users can pay....
Sand Hill Exchange, a venture allowing investors to bet against unlisted tech startups using the blockchain, has been fined US$20,000 by the US Securities and Exchanges Commission (SEC). The exchange, which had previously also used Bitcoin as an internal currency, confirmed it was under investigation and was reverting to a previous, free version of its service in a blog post, now deleted. The post added that developers had “mapped out technology infrastructure to decentralize the exchange,” which resulted in a subpoena requiring all documents to be handed over. “We reached a settlement....
Analyst Mike McGlone with Bloomberg Intelligence has shared his outlook for the cryptocurrency market going forward. “We expect the U.S. to embrace cryptocurrencies in 2022, with proper regulation and related bullish price implications,” he detailed. Noting that “Bitcoin appears to be on a trajectory for $100,000,” the analyst added that we are likely to see “A paused, corrected and refreshed bull market.”
Crypto Market Outlook and Bitcoin’s Price Prediction
Bloomberg Intelligence (BI) published its 2022 crypto outlook report last....
Rapper Kanye West has managed to kill an altcoin named in his honour, six months after it was launched by a team of developers. Called Coinye West, the altcoin was subsequently renamed Coinye in an attempt to continue its business activities even in the face of legal pressure. The developers envisioned Coinye as a fun and simple altcoin for the hip-hop community, and even tweeted news about its development to the rapper in the hopes he would embrace the concept. This plan backfired, however, as Kanye West sued the Coinye team on 8th January, starting a lengthy legal process that has been....
“We can hold on to the way it’s always been done, or we can drive innovation. We have to be willing to embrace the future.”