When the news broke about Rakuten accepting Bitcoin payments, a lot of speculators expected a massive price increase in the days to follow. As we have seen over the past six years, the Bitcoin price does not respond well to either positive or negative news, and it usually ends up “doing its own thing”. But the most recent rumored announcement regarding Rakuten might shake things up a bit.
The battle to become the world’s leading Bitcoin payment processor is heating up between BitPay and CoinBase. Most people seem to prefer BitPay over CoinBase for some reason, which is why we tried to look up some things about Coinbase that you may not know by now. Even though we don’t have a dog in the fight, we do want our readers to be as informed as possible on all things regarding Bitcoin.
Amsterdam is a great city in the Netherlands, and it has only become more interesting because if its Bitcoin Embassy. However, it looks like there is trouble brewing in this Bitcoin paradise, now that one of the founders has been suspended from the organization. And if this suspended founder has his way, Amsterdam may very well have two Bitcoin Embassies in the near future.
The Amsterdam Bitcoin Embassy was founded by several like-minded people, one of which is Marek Skonieczny. Unfortunately for the Bitcoin Embassy, Mr. Skonieczny has been causing quite a lot of havoc over the recent months, as the Amsterdam police even had to remove him from the premises twice earlier this month.
Bitcoin wallet security is a matter near and dear to all Bitcoin enthusiasts around the world. Software clients are not as safe as we think – simply because they run on a device connected to the internet, making it a target for hackers – and hardware solutions are slowly gaining more adoption because they “feel more secure”. But if you ordered a Mycelium Entropy device, your hardware Bitcoin wallet may not be as secure as you think.
By the look of things, we may very well be headed towards a Bitcoin-to-cash withdrawal system that operates on 0% fees in the future. Most people still use Bitcoin exchanges to convert their Bitcoin to fiat currency, which is always subject to a fee – usually between 0.25% and 1.5%. But is that really a good way to remain competitive, or should these fees be removed completely?
The Fee-less Bitcoin-To-Cash System
Over in Spain, several companies are trying to bring something new to the market, by offering a service that converts Bitcoin to cash at a low fee. Or to be more precise, it looks like we have a small “war of fees” on our hands, as two companies have lowered their withdrawal fees to 0% in the past month or so.
Coinkite is a company well-known among Bitcoin enthusiasts worldwide, as the company offers a perfect point-of-sale solution for any retailers who want to start accepting bitcoin payments. On top of that, their POS terminals can even print receipts for tax purposes. But did you know that Coinkite has a Bitcoin API which now works via the Tor network?
Tor – The Extra Layer of Privacy Protection
User anonymity and privacy protection means a great deal to a lot of the cryptocurrency enthusiasts out there. In fact, most of these people label themselves as “crypto anarchists”, who strongly feel that the current financial infrastructure should burn in hell and everyone associated with it should be fired on the spot.
The Bitcoin network is only as strong as the number of people supporting it. In order to relay Bitcoin transactions in a fast and convenient way, we need a ton of Bitcoin nodes which can relay and broadcast these transactions. However, there is no real incentive to run one of these nodes except for supporting the Bitcoin network itself. Bitseed is looking to change that, in a way.
Coin Outlet is slowly becoming a major household name in the world of Bitcoin ATM’s. Not only because of their partnership with Bitcoin Shop, Inc., but also because they have access to so many prime locations for hosting a Bitcoin ATM. Business appears to be booming, as Bitcoin Shop, Inc. increasingly acquired more equity ownership in Coin Outlet.
Bitcoin Shop, Inc – A Brief Introduction
As most of you will be well aware of, BTCS wants to build a universal digital currency platform by offering [novice] users one point of access to the cryptocurrency ecosystem. As things stand right now, BTCS lets consumers purchase products in exchange for digital currencies such as Bitcoin, Litecoin, and Dogecoin.
Banking relationships for UK-based Bitcoin companies are still a massive struggle, to say the least. It should come as no surprise then that most of these companies are looking to secure a banking relationship outside of the United Kingdom. Coinfloor, one of the various UK-based Bitcoin exchanges, has partnered with Estonian bank LHV to handle user deposits.
Coinfloor – Trade Bitcoins With Confidence
Coinfloor has one simple goal; bridging the gap between Bitcoin and the current financial infrastructure. In order to do so, the company provides its users with a safe and secure platform, which is fully regulated and compliant. As a result, traders and investors get access to a liquid and transparent Bitcoin market.
Bitcoin enables us to do many new and exciting things we could only have dreamed about many moons ago. Storing data in the cloud but in a transparent way for everyone to see? Coming soon. Sending payments to anyone in the world at low or no fees? Check. But what if you could get paid in Bitcoin for reading a book? Well, that service now exists as well, thanks to PaidBooks.