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Blockchain payment platform BitPay has announced that 2018 has been their most profitable year, having “processed over a $1 Billion again in payments and set a new record for transaction fee revenue.”In a statement, BitPay CEO Stephen Pair said, “To process over a $1 Billion for a second year in a row despite Bitcoin’s large price drop shows that Bitcoin is being used to solve real pain points around the world.” 2018 was a particularly fraught year for the crypto space, as prices saw a steady decline. Nevertheless, BitPay was able to show positive expansion, which it c ... read more

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Coinify, a European-based financial platform that provides a wallet, trading and payment processing solution, has announced that they are integrating BRD Wallet into their platform to deliver BRD wallet access to users across the European region.Specifically, the partnership provides access to virtual currencies, like bitcoin, to 34 countries across the Single Euro Payments Area (SEPA). The SEPA region is a collection of member states in Europe who are part of a payment system that simplifies bank transfers denominated in EUR. The launch is also enabled largely in part ... read more

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Following last Friday’s drop, bitcoin has found itself coiled, once again, at the bottom of the range it established back in December. With the current market unable to close a new high, the market finds itself in a precarious position:Figure 1: BTC-USD, Daily Candles, Range Support TestThe blue support level shown above illustrates the boundary of the multi-week range bitcoin has been bound by. At the time of this article, the market is testing the support level but has yet to close and continue below. We did see a temporary close below the support level, but there wa ... read more

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This is the third instalment of reporter Colin Harper's "Living on Bitcoin" experience in San Francisco. Find out what happened to him earlier on Day 1 and on Day 2.I woke up on day 3 and made a pact with myself: I had resolved to not rely on Uber Eats that day.I still think that buying this credit from an exchange like Bitrefill or Paxful is in line with the experiment, but I haven’t made a PoS purchase yet and I want to make today about going out and actually using bitcoin with merchants.Only once I ventured out to actually try this did I realize that ... read more

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American crypto wallet and custodial firm BitGo has teamed up with Genesis Global Trading, a digital asset trading firm, to improve the crypto trading experience for its institutional investors.Investors who use BitGo's custody service can now trade their assets directly from their BitGo custody account, without the need to move the assets to an exchange.“Institutional investors want to put their assets to work and they want security,” Mike Belshe, BitGo’s CEO, told Bitcoin Magazine. “Until now, they've had to make compromises on one front or the other, choos ... read more

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When the bubble pops, people don’t realize it at first. When the bubble pops, it’s always just another volatile day. “It’s just a correction. A road bump on the way up. Buy the dip! It’ll bounce back, just you wait.”Until it doesn’t and it becomes painfully apparent that the bull run is over and it’s a long — a very long — way down. And not just for the red candle addled price, but for the network, its transaction counts, and general interest as well.No one likes the bear. But here’s some solace: It acts pretty predictably. Network data and activity follow the price, t ... read more

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This is the second instalment of reporter Colin Harper's "Living on Bitcoin" experience in San Francisco. Find out what happened to him on Day 1 here.I woke up on Christian’s couch stiff-necked and cotton-mouthed. A bit more fitting for the “living on internet money” survival vibe, yeah?A friend of a friend of Christian’s roommates (who are starting a business and moving to LA today) was out cold on an air mattress next to a stripped Christmas tree, snoring into the streams of soon-after-sunrise light filtering through the window. Another blow-up mattres ... read more

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Cryptocurrency payroll service Bitwage has partnered with Texas-based payroll and Human Relations firm Simply Efficient HR to help companies fund W2 Employees and payroll tax payments using crypto. The initiative, which launches today, January 16, 2019, is available in all 50 American states.Essentially, this partnership allows companies across the United States and Puerto Rico to fund their W2 payrolls and payroll taxes in ether and bitcoin. At the other end, employees can choose what percentage of their wages will be paid in bitcoin or paid in fiat currency.Apart fro ... read more