BitcoinInsider

Failure of a project is a natural and common thing when investing in startup ventures, especially when it comes to cutting edge technologies such as cryptocurrency applications. Doing due diligence won't prevent failed investments made in good faith, but it can make sure to weed out projects that will raise obvious red flags if vetted thoroughly. In the case of Litepay, this has evidently not been done, and a lot of the community is now angry. Oops Litecoin Foundation Apologizes for Not Doing Enough Due Diligence on LitepayThe Litecoin Foundation has issued an announcement to the LTC community on Monday, informing them that Litepay has ceased all operations and that the CEO claims to be preparing to sell the company. This happened after the foundation questioned him about a lack of transparency and in return he asked for more funds to continue operations. The foundation refused any further funding as the CEO was "unable to provide a satisfactory picture of where the money had ...

Even though most cryptocurrency markets are still in the red as of right now, it will be interesting to see what the future holds in this regard. For the time being, Bitcoin Cash is taking a big beating, although it shouldn't necessarily suffer from bigger losses compared to all other markets. Even so, the Bitcoin Cash price has dropped below $800 again, which will make some investors rather twitchy. It is always difficult to make sense of the cryptocurrency markets. More specifically, the overall downtrend has been rather evident for quite some time now, and it seems there is no real improvement in sight for the foreseeable future. As such, it is only normal the Bitcoin Cash price will continue to decline, along with all other cryptocurrencies. For some reason, the Bitcoin Cash price is declining a lot quicker than Bitcoin or Ethereum. More specifically, the Bitcoin Cash price has dropped by as much as 11.4% in the past 24 hours. While such volatility is not uncommon in the world ...

Just recently news.Bitcoin.com reported on Bitpay launching bitcoin cash (BCH) integration for the firm's loadable Visa debit cards. Since then the company has implemented BCH invoice support for all of the firm's vendors, and now bitcoin cash can be spent with thousands of merchants worldwide. Thousands of Merchants and Nonprofits Now Accept Bitcoin Cash Merchant adoption has been increasing lately for the BCH ecosystem, but in one day that metric spiked considerably. Bitpay has fully integrated bitcoin cash payments for all of its vendors and merchants that utilize the company's payment processing services. Since the 'cryptocurrency fever' swept the globe in 2017, Bitpay's merchant list has grown considerably last year. This includes significant merchant growth in the U.S., South America, Asia, and Europe. Bitcoin cash can be used with well-known merchants like Microsoft. Bitcoin cash supporters have been extremely pleased to see some of their favorite merc...

Jack Dorsey, CEO of both Twitter and payment platform, Square, told the Times of London there will be a single world currency in the next ten years, and he believes that will be bitcoin. His comments came at a downturn in the broader crypto markets and amidst declarations of bitcoin's imminent demise.    Twitter and Square CEO Bullish on Bitcoin "It's slow and it's costly," Mr. Dorsey spoke of bitcoin as a currency, "but as more and more people have it, those things go away. There are newer technologies that build off of blockchain and make it more approachable," the Times of London reports (paywall). He is in London this week to promote one of his companies, Square. Mr. Dorsey, 41, is a billionaire at least four times over, and is considered something of a sage in the technology space. He was instrumental in establishing the micro-blogging platform Twitter. The San Francisco-based social networking staple has proven itself over its decade of existence t...

Bitcoin is struggling. Following yesterday's unimpressive but steady balance at $9,130, bitcoin has fallen by nearly $1,000 and is now trading for less than $8,300. The news likely stems from an announcement by Google, as the popular Internet search engine has sworn to ban cryptocurrency and ICO-related ads in the coming months and to crack down on digital currency scams. Similar sentiment was witnessed amongst Facebook executives earlier this year. The social media platform made a similar decision to ban cryptocurrency advertisements, which sent the price of bitcoin spiraling downward by approximately ten percent. While the fall is not as large this time around, bitcoin's price has sunk nearly eight percent, which puts the damage on a similar scale. Google and Facebook are arguably two of the most powerful Internet companies in modern times, and if they say bitcoin and digital currencies aren't all they're cracked up to be, people are likely to listen, although CEO o...

International Monetary Fund (IMF) Managing Director Christine Lagarde released a blog post Tuesday, March 13, Addressing the Dark Side of the Crypto World. In it, she argues increasing fascination with cryptocurrencies has brought along grave costs: money laundering, terrorism, and economic instability. IMF Managing Director Christine Lagarde Warns of Crypto Addressing the Dark Side of the Crypto World contains Ms. Lagarde's most pointed remarks on cryptocurrencies since her first toe-dip back in Fall of last year. Since then, however, her opinion seems to be devolving, and her current blog post doesn't mince words. "The same reason crypto-assets like Bitcoin are so appealing," Ms. Lagarde wrote, "is also what makes them dangerous." Her missive comes in at least five languages: English, Arabic, Chinese, Japanese, and Portuguese. Clearly, the IMF wants this read widely. The IMF formed in the aftermath of World War II, based largely on the ideas of English eco...

Yelp officially announced on April 10th that it would add a feature for businesses to show if they accept bitcoin. It is a simple feature but shows that bitcoin is still being adopted. Quoted from yelps official blog post: As a business owner, you can let your customers know you're accepting Bitcoin by logging into your free business owner tools on biz.yelp.com and updating your payment attributes. Rumors about Yelp adding the bitcoin feature started circulating around April 10th. Several small stores have already turned the feature on and show that they accept bitcoin. The good thing about this announcement is that it means merchant adoption is happening. We saw Xapo who brought bitcoin to a debit card and now Yelp announces further merchant features. After the bad news from china that caused a dump today we saw an uptrend back up. This announcement definitely helped the bitcoin price today. Currently the buy volume is pretty strong so an uptrend is expected.

Mt. Gox Mark Karpeles' release on bail has produced a new radio program examining the historic hack and heist, but is also raising questions about sister exchanges such as BTC-e and their role in laundering stolen bitcoin. If all that wasn't enough, a Gox trustee decided to dump over 400 million USD in bitcoin core and bitcoin cash in an effort to make Gox creditors whole. Mt. Gox Money Laundered Through Always Efficient LLP, Claims FBI Mt. Gox's Mark Karpeles, released on bail in Japan, recently told England's state-run media BBC Radio 4 File on Four how hard reality hit him back in 2014: "It felt like… when you fall from a building and you see the ground getting closer, and you feel like you are about to die. Mt Gox went from interesting project to being, I would say, a daily nightmare of dealing with banks, governments, people I never knew existed." At that time, something like 7 out of every 10 bitcoin transactions were handled by the exchange. "I a...

A small island nation with less than 60,000 inhabitants best known internationally as a former test site for nuclear weapons is joining the hottest new trend – issuing a national cryptocurrency. The planned Marshall Islands' Govcoin is expected to be issued later this year. Marshall Islands Govcoin ICO The Republic of the Marshall Islands plans to issue its own cryptocurrency as an official legal tender, to be known as the Sovereign. The local parliament voted this week to proceed with the issuing plan, Kenneth Kedi, a senator and the body's speaker, said in a Bloomberg interview. A council still has several days to object, a step he considers unlikely. The Sovereign is expected to be issued later this year, David Paul, minister-in-assistance to the president revealed. The Marshall Islands government will arrange an initial coin offering (ICO) and exchanges will be allowed to apply to trade the currency, he said. The move is seen as a way to bolster local budgets, he added. ...

With all cryptocurrency markets attempting to transition from a bear market to full-throttle bullish momentum, interesting things will happen in the coming days and weeks. The way things look right now, the Bitcoin Cash price is bound to gain a  fair bit of value throughout the day. Thanks to the current 5.4% gain, the Bitcoin Cash price has already surpassed $1,250 once again. Given all of the volatility plaguing the cryptocurrency industry right now, any short-term gain needs to be put into its proper perspective. While things may look either decent or terrible for a specific currency, there's a good chance the momentum will turn around before the week is over. As such, the current 5% Bitcoin Cash price gain looks pretty good, but maintaining this momentum may prove to be difficult for this – or any other – market. Even so, no one will deny the Bitcoin cash price is noting some interesting gains as of right now. Thanks to this small nudge, we are now looking at a value of $1,280 ...