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Dayle Hogg is hopping mad over the $ 732,000 his dad sent a romance scammer, but doesn’t seem to blame him. “There should have been red flags going up all over the place at the bank,” Hogg tells the CBC . “He had no history of sending money anywhere outside of…
The European Union retaliated with sanctions Monday over the poisoning of an ex-Russian double agent and his daughter in Britain, CNN reports. The sanctions target four members of the GRU, Russia’s military intelligence agency: officers Ruslan Boshirov and Alexander Petrov—who were accused of carrying out the 2018 nerve-agent attack…
Euroskeptic governments for several years have bloodied the European Union’s nose by flouting its authority. Brussels has recently scored some points, though officials increasingly concede that only a change in public attitudes in the bloc’s east can really prompt governments to shift course.
WSJ.com: What’s News Europe
The Los Angeles Rams are on their way to the Super Bowl—but the way they got there has left the New Orleans Saints furious about what some fans call the “worst no-call in NFL history.” Saints coach Sean Payton tells the AP that he spoke to NFL execs after…
Eastern European peer-to-peer (P2P) markets have seen a spike in trading activity, with the Russian, Ukrainian, Romanian, and Kazakh Localbitcoins markets posting the strongest volume in over 12 months when measured in cryptocurrency.
Russian P2P Markets Post Strongest Trade in 19 Months
During the week of Dec. 29, 2018, approximately 4,565 BTC worth of trade occurred between bitcoin core and the Russian ruble (RUB) on Localbitcoins. This comprises the strongest seven days of trade activity since the week of May 6, 2017.
When measured in fiat currency, nearly RUB 1.24 billion (almost $ 18.74 million) worth of cryptocurrency traded hands, comprising the strongest week of trade since the week of Jan. 20, 2018.
Ukrainian Trade Posts Third and Fourth Strongest Weekly Volume on Record During December
Trade between BTC and the Ukrainian hryvnia (UAH) saw 161 BTC change hands during the week of Dec. 15, 2018, comprising the third strongest week of trade in the market’s history when measured in cryptocurrency – just shy of the 162 BTC traded during the week of May 6, 2017.
Two weeks later, the Ukrainian Localbitcoins market produced 160 BTC worth of weekly trade, the fourth strongest week in the market’s history.
Romanian and Kazakh Localbitcoins Trade Reaches 18-Month High
During the week of Dec. 15, 2018, roughly 63 BTC worth of trade took place on Localbitcoins between BTC and the Romanian leu (RON). The week comprised the strongest seven days of Romanian trade since the week of June 10, 2017, when measured in cryptocurrency.
Trade between the Kazakh tenge (KZT) and BTC also spiked during the end of December, with the week of Dec. 29, 2018 comprising the third strongest seven days of trade recorded on Localbitcoins. The week saw 21 BTC worth of BTC change hands, just shy of the 23 BTC that was traded during the week of April 8, 2017 – which is tied with the week of Feb. 18, 2017 as the strongest week of Kazakh P2P trade when measured in cryptocurrency.
The week of Dec. 29 also comprised the fifth strongest on record for P2P BTC/KZT trade when measured in fiat currency, with nearly 30.68 million KZT ($ 80,780) worth of BTC changing hands.
Do you think that Eastern European P2P trade will continue to show strength during 2019? Share your thoughts in the comments section below!
Images courtesy of Shutterstock
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The post Eastern European P2P Markets See Strongest BTC Volume in Over 12 Months appeared first on Bitcoin News.
When Apple Inc. executive Jeff Williams told a courtroom that Qualcomm Inc. cut off chip supply for iPhones, it was compelling testimony in the Federal Trade Commission’s antitrust case against the semiconductor company.
The FTC argues that Qualcomm won’t sell chips if customers don’t also pay…
Popular cryptocurrency payment processor Bitpay has released figures showing that the company maintained strong performance during 2018, despite the downturn in the market. For example, while other ventures had to downsize recently, Bitpay’s staff increased by 78 percent from the previous year.
B2B Business Grew Almost 255% YoY
Bitpay has announced strong performance for the payment processing platform in 2018, after more than seven years in operation. During the year, the service reportedly processed over a $ 1 billion in payments for a second year and set a new record for transaction fee revenue by adding new customers. The company’s B2B operation also reportedly had a record year as it grew almost 255 percent from the previous year.
“Bitpay’s B2B business continues to grow rapidly as our solution is cheaper and quicker than a bank wire from most regions of the world,” said Stephen Pair, co-founder and CEO. “To process over $ 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.”
The company reports that its headcount has grown by 78 percent in 2018, with new hires in the fields of engineering, support, and compliance, bringing the total close to 80 employees. Bitpay also raised $ 40 million in Series B funding bringing its total raised capital to over $ 70 million.
Over 1.5 Million BCH and BTC Wallets
The Copay wallet, Bitpay wallet, and other wallets using the company’s Bitcore Wallet Service (BWS) have reportedly sent billions of dollars in value in BCH and BTC in 2018. In total, users have created over 1.5 million wallets to date using Bitpay and Copay.
The company also reports it set a record for reducing payment error rates, with the dollar volume lost falling from over 8 percent (in December 2017) to well under 1 percent of its total dollar volume processed.
“The adoption of support for Payment Protocol wallets has made a big difference for our merchants. Merchants are now able to easily accept Bitcoin payments in a simple easy way without any support issues. This was our biggest request by our enterprise merchants”, said Sean Rolland, Head of Product of Bitay. “Bitcoin has the network effect around the world and we are still extremely bullish on Bitcoin and the Bitcoin ecosystem,” he added.
What do these figures show about the wider ecosystem in 2018? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
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The post Bitpay Reports Processing Over $ 1 Billion Transactions in 2018 appeared first on Bitcoin News.
As the ongoing political battle over funding for a border wall carries on, both sides are bringing “stupidity” to the table, National Review senior editor Jonah Goldberg argued Wednesday.
An American and a Briton were confirmed to be among at least 21 people killed in an attack at a hotel complex in Nairobi as the incident was brought to an end Wednesday.
CNN.com – RSS Channel – World
Burger King is needling President Trump for his tweet about ordering more than 1,000 “hamberders” for the Clemson University Tigers’ visit to the White House after winning the college football championship. The spelling error was quickly corrected . But Burger King jumped in with a tweet of its own, the…