Retail Adoption of Crypto Would “Bring the Internet to a Halt” – BIS Report

The Bank of International Settlements (BIS) has leased a chapter from its forthcoming annual report that delivers a critical appraisal of bitcoin and cryptocurrency. The report attacks virtual currencies from several main standpoints: claiming that cryptocurrencies do not effectively perform monetary functions due to price volatility, that the retail adoption of blockchain-based payment mechanisms would … Read more

Bitcoin in Brief Monday: Snatching Blockchain, Tracking Bitcoin

No one likes missing the train. Of course, jumping on the wrong one is sure to delay the arrival even more. In today’s Bitcoin in Brief, we cover the latest attempts by big corporations to stay close to the crypto waters without really wetting their feet. Also, do you want to know how Cryptokitties have … Read more

Chinese Merchants in Moscow Convert Most of Their Cash to Crypto

Chinese traders in Moscow’s huge wholesale bazaars have become the most active buyers and sellers of cryptocurrency in the Russian capital. The retail turnover there is estimated at almost $10 billion a month. Authorities say that most of it is converted to cryptocurrencies and sent back to China where it‘s exchanged to yuan.    Also … Read more

PR: ORS GROUP’s First Reservation Contract for Authorized Communities Proves an International Hit within Crypto Community

irst Reservation Contract generates 2,500 ETH within a week London — Since becoming live, ORS GROUP’s first Reservation Contract has successfully generated vast national interest, welcoming Italian entrepreneurs, developers and cryptocurrency enthusiasts to their rapidly expanding global network of authorized communities. For over 20 years the company has delivered sophisticated software solutions using proprietary Artificial … Read more

New Bitcoin-Only Shop Open in New Hampshire

Derrick J. Freeman and Steven Zeiler founded what they claim is the first crypto-only brick and mortar retail establishment in the US, the Free State Bitcoin Shoppe. Visitors pay for merchandise with cryptocurrencies like bitcoin. If they don’t have cryptocurrency, the store clerk helps them download and fund their first wallet. They checkout using an … Read more

Bithumb Launching Kiosks at Restaurants for Food Orders and Crypto Payments in Korea

Korean crypto exchange Bithumb is entering the retail kiosk business to accelerate crypto adoption in the country. These order-taking and payment facilitating kiosks will be placed in restaurants and cafes for customers to browse menus, place orders and pay for food. Cryptocurrency will be among the payment options. Also read: Japan’s DMM Bitcoin Exchange Opens for … Read more

PR: CryptoWorld LLC Announces Wall Street and the Internet of Money Conference.

Over 30 of the world’s leading blockchain, cryptocurrency and investment experts to speak on a variety of important topics, including regulation, crypto based products, capital raising and valuation at the Intercontinental Hotel in Times Square on March 22nd 2018. New York NY. February 27, 2018 – CryptoWorld LLC, a crypto asset consultancy firm, announced today … Read more

Coinbase Merchant Error Causes Major Exploit on Overstock

Recently, it was made public that retail giant Overstock.com had fallen victim to a huge exploit involving Coinbase’s merchant API. This is another issue on top of many others that customers and businesses have made apparent affecting the leading Bitcoin exchange. On January 5, independent researchers discovered a massive exploit in Overstock’s cryptocurrency payment gateway, which is … Read more