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August 23, 2019

The Dallas Mavericks Are Now Accepting Bitcoin

The Dallas Mavericks now accept Bitcoin as a method of payment for both game tickets and merchandise. BitPay will process all Bitcoin payments through the team’s website. Dallas is just the second NBA team to accept Bitcoin. The Sacramento Kings became the first team to accept Bitcoin in 2014. They also use BitPay’s gateway.

“The Dallas Mavericks have been an outspoken advocate for Bitcoin, opening up opportunities for the team as it starts to accept Bitcoin for ticket sales and merchandise,” BitPay CEO Stephen Pair said in a statement.

Founded in 2011, BitPay is the largest blockchain payment processor of the cryptocurrency in the world. Although not publicly [...]

 
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August 15, 2019

Markets have been rocky, but investors aren’t fleeing to bitcoin for a port in the storm – The Block

The U.S. economy is showing signs of weaknessThe 2-year Treasury note yield inverted with the 10-year, an indicator of a recessionU.S. Chief Economist Matthew Luzzetti said flight to safety dynamics are playing outBut that’s not helping bitcoin

The U.S. economy is showing some signs of weakness, and one economist says investors are seeking out assets to save them from the turmoil. 

The stock market has been on a steep decline since the beginning of August, falling over 4% since President Donald Trump announced that the U.S. would impose a 10% tariff on Chinese imports. On Wednesday, the turmoil was on full display after the 2-year Treasury note yield inverted with [...]

 
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August 13, 2019

Bitcoin slides below $11,000, taking the market with it

The price of Bitcoin has fallen below $11,000, and is currently hovering $10,980–signifying a 3.5 percent drop for the day. It remained relatively stable just below $11,400 for the majority of the day before falling 1.7 percent in a single hour.

The top three coins have followed suit, with Ethereum heading back towards the $200 mark and XRP staying below $0.30.

Most of the coins in the top 100 are in the red with VestChain and Maximine Coin (a coin pumped beyond degree) posting the greatest losses. Both are down by more than ten percent. In contrast, ABBC coin is up 18 percent after its coin spiked 64 percent in one hour yesterday before [...]

 
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August 9, 2019

Blackmailed for Bitcoin – exchange rebuffs $3.5m ransom demand – Naked Security

Cryptocurrencies are a big deal once again, now that Bitcoin is back over $10,000.

You might think that’s good news for cryptocurrency exchanges, which are businesses that let you trade regular money, such as Euros, Dollars and Pounds, into and out of so-called virtual currencies like Bitcoin, Monero and Dogecoin.

But it’s not all plain sailing – cryptocurrency companies are of particular interest to cybercrooks, and not only for the cryptocoins they hold.

Here’s a story of super-sized digital blackmail aimed at one of the biggest exchanges out there.

KYC

As you probably know, business are supposed to make an effort to know their customers [...]

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