Bitpay’s CCO says Bitcoin could hit $45K in a month, but there’s a catch
Will institutions hold Bitcoin for years as initially thought, or sell for a quick profit? An increasing number of mainstream giants have put their money into Bitcoin in recent months. While some speculate that these firms intend to hold their Bitcoin investments for years, Bitpay’s chief commercial officer isn't so sure. He thinks that these companies may sell their holdings sooner than originally planned, if the price continues to move upward.“A lot of the institutional buyers bought in around $20,000, so that would be my floor for how far Bitcoin could go down,” Sonny Singh said in an....
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BitPay’s monthly bitcoin transactions have reached a new record, surpassing 200,000 for the month of December, up from around 180,000 in the previous month, according to data shared with CCN by James Walpole, BitPay’s Marketing & Communications Manager. BitPay’s transaction volumes have more than doubled in 2016, continuing a seemingly exponential trend as bitcoin’s adoption increases all over the world, especially in areas where current traditional payment methods fall far short as BitPay explained in a press release last year: “Bitcoin payments are highly efficient in the areas where....
XRP price is back trading at right around a dollar per token, but according to a rare bottoming pattern spotted by a legendary technical trader on the Bitcoin trading pair, the surge is only just getting started. However, there’s a catch. When it comes to this particular chart pattern and crypto – the same trader […]
Nxtty seeks to make cryptocurrency a part of everyday life for Crypto Messenger users. Nxttycoin is the ownership mechanism for the Nxtty encrypted messaging Android app (the iPhone version is in development and should release soon). The Nxttycoin price rose in anticipation of the app's release, but the app has failed to catch on in the Google Play store. Consequently, the Nxttycoin price has fallen almost 50% in the past month. Also read: Gems Seeks to Become the Bitcoin of Social Networks. Nxtty Encrypted Messaging App Fails to Catch On. Nxtty struggled during its first month in the....
Experimental male contraceptive project Vasalgel received a Bitcoin donation valued at $13,000 last month. Unfortunately, the donation was declined and sent back by Vasalgel’s payment processor. Via a Facebook post, Vasalgel announced the failed donation and pleaded with the would-be donor to repeat the attempt: “OMG, someone just tried to donate $13,000 of Bitcoins to support Vasalgel development, but it was declined because it's over the $10,000 daily limit! Bitcoin is totally anonymous, so we can't contact them to let them know they can split the donation. Whoever you are, please try....
Original Bitcoin Magazine article; article has been removed. Late last night, Bitcoin Magazine published an article about Central Texas Gun Works (CTGW) being “dropped” by their Bitcoin Payment Processor: BitPay. In response, and due to CTGW owner Michael Cargill‘s commitment to Bitcoin, CTGW has promptly switched to CoinVoice‘s Bitcoin invoicing services to provide guns and gun services in exchange for Bitcoin. Bitcoin Magazine originally reported that it was unclear whether or not BitPay’s ToS was changed before or after Central Texas Gun Works signed on with BitPay. That is obviously....