Bitcoin transactions were on the rise in 2018. A recent report released by BitPay blockchain payment processor showed that the company processed transactions of $1 billion in 2018. The press release also states that BitPay managed to set a record for payment error rates. From 8% in December 2017, the errors for total dollar volume dropped to under 1% in 2018.
The United Arab Emirates (UAE) and Saudi Arabia have joined forces to create a cryptocurrency for cross-border transactions, according to Dubai-based GulfNews.
Emirates Investment Authority announced the news on December 12th at the Arab #FinTech Symposium in Abu Dhabi.
According to a recent report by Delphi Digital, the main value drivers for Bitcoin are its ability to serve as
a censorship-resistant store of value as well as offer the world a
viable alternative to government-backed currencies.
Switzerland aims to become one of the key hotspots for crypto stakeholders in the world. The small European country is no longer famous only for its banking system and luxury watch brands. In the last few years, it has become home to a large number of blockchain startups. It has also attracted some major companies interested in the crypto phenomenon.
United Kingdom parliament member Eddie Hughes is reportedly advocating for citizens to pay state taxes with bitcoin, according to Expressco.uk.
Blockchain technology needs a stronger academic approach. This is the key message of the organisers of the upcoming Blockchain Connect conference. The conference will take place in San Francisco on January 11, 2019. Until then, the organisers also opened a call for papers on the topic of blockchain technology.
Cryptocurrency owners do not have to carry a smartphone and a hardware wallet for their Bitcoin anymore. Instead, they can use FINNEY™, the first blockchain smartphone in the world. FINNEY™ is the brainchild of SIRIN LABS. It runs on a proprietary, Google-approved version of Android. Also, it features an embedded cold storage wallet with high level security.
Bitcoin fans now have a new way of showing their preference for all things crypto. And that is by wearing a special wristwatch. The Blockchain Series watches celebrate the cryptocurrency world with design inspired by the most popular crypto logos. This is a limited series, the result of the collaboration between Tech Bureau Europe and Chronoswiss.
National Australia Bank (NAB) CEO Andrew Thorburn gave testimony on November 26th as part of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.
Bitcoin has been around for quite some time now. However, compared to humanity’s long history with money, cryptocurrency is in its infancy. While many people are already very familiar with Bitcoin, more people still have some learning to do. This has lead to some pretty interesting stories about people interacting with cryptocurrency. To feel better about your personal Bitcoin story, take a look at these stories from around the web.