Thursday, September 23

bitcoin as payment

Andreessen Horowitz, Bitcoin, bitcoin as payment, crypto, Dan Held, Lightning network, Markets, MI Exclusive, Substack, substack bitcoin, Willy Woo

Andreessen Horowitz-backed Substack will start accepting bitcoin as payment for select crypto content

Bitcoin Nurphoto/Getty Images Andreessen Horowitz-backed content platform Substack will begin to accept bitcoin as payment for select crypto publications using payment processor OpenNode.OpenNode announced Monday that the Substack platform integrated its API to offer bitcoin payments and payouts on the online publishing platform. Readers can pay for Substack subscriptions in bitcoin, and writers and other independent publishers can receive subscription payments in bitcoin. Currently only two Substack publications-Willy Woo's newsletter, The Bitcoin Forecast, and The Held Report by Dan Held- are accepting bitcoin, Ryan Flowers, OpenNode's head of marketing told Insider. Held confirmed to Insider that he will be accepting payment for subscriptions, saying he appreciated the respons...
Alameda research, Bitcoin, bitcoin as payment, crypto, FTX Exchange, Markets, MI Exclusive, Sam Bankman-Fried

​​29-year old billionaire Sam Bankman-Fried says he got into crypto just to trade-but 2 things quickly made him realize the long-term potential of digital money

Sam Bankman-Fried, founder of FTX and Alameda Research FTX 29-year old crypto billionaire Sam Bankman-Fried told CNBC on Tuesday he initially entered into the industry without a firm stance on the future of digital assets. "I honestly first got into crypto without knowing what I would think of crypto. I got into it because there was good trading there," said Bankman-Fried. The founder of crypto trading firm Alameda Research and crypto derivatives exchange FTX didn't think about crypto's long-term role in the world until he had to send an international wire transfer. After dealing with the cumbersome process he began to realize that current payment rails "are not very good," and can often take months to settle. "I think anyone who's tried to send an international wire tran...
Amazon, Bitcoin, bitcoin as payment, crypto, Crypto assets, Markets, MI Exclusive, Tech, Tech Insider

Amazon rejects speculation about bitcoin payment plans as untrue, but says it’s still exploring crypto

AP Photo/Elaine Thompson Amazon dismissed a report specifying its plans to accept bitcoin and to issue its own token. Speculation around plans for crypto payments by the end of 2021 is not true, the online retailer said Tuesday. But it is looking into crypto developments and what this could mean for Amazon shoppers, it said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Amazon on Tuesday rejected a report that it plans to accept bitcoin payments by the end of 2021, dismissing the widespread speculation around the details of its approach to digital currencies as untrue.Chatter around the US online retail giant's crypto intentions was sparked by CityAM's report on Monday, which cited an Amazon insider as its source. The insider said Amazon is working tow...
Amazon, Bitcoin, bitcoin as payment, bitcoin price, Cathie Wood, crypto, Crypto assets, Cryptocurrencies, Elon Musk, Jack Dorsey, Markets, MI Exclusive, Tech Insider, The B Word

Bitcoin surges 15% to top $38,000, boosted by comments from influential investors and chatter about Amazon getting into crypto

OZAN ​​KOSE/AFP via Getty Images Bitcoin leapt 15% on Monday to rise above $38,000 for the first time in about six weeks, after remarks from influential commentators and a report that Amazon is considering accepting payments in the cryptocurrency helped restore bullish investor sentiment.The coin was trading at around $38,750 as of 3:15 am ET, representing a 33% gain so far this year. It had earlier hit a 24-hour high of about $39,544, its highest level since mid-June.After being stuck in a descending slope for three months, bitcoin broke out at the top end of recent levels following positive comments from leading CEOs Elon Musk, Jack Dorsey, and Cathie Wood at "The B Word" event last week. Tesla CEO Musk said the electric-vehicle maker would be open to accepting bitcoin as payme...