US senators target cryptocurrency use in child abuse trade
Senators Elizabeth Warren and Bill Cassidy are asking federal agencies about their technical capacity to combat crypto payments in the sale of child abuse material. Go to Source
Bitcoin Payments
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Square merchants can now convert up to 10% of sales to Bitcoin via CashApp
Block gets one percent of every conversion. Go to Source
Taproot Wizards Reveal Bitcoin’s Onchain Payment Struggles During $15M Sale
Sending bitcoin onchain remains a poor payment experience despite the hype surrounding the leading crypto asset, according to Taproot Wizards founder Udi Wertheimer. In a recent post-mortem of a high-volume sale using bitcoin, Wertheimer detailed several pain points with onchain payments including long confirmation times, lack of payment amount enforcement, high fees, and insufficient Lightning … Read more
Wikipedia co-founder says Bitcoin doesn’t work, BTC community claps back
BTC proponents argued to Jimmy Wales that banks might work, but they’re not available to everyone and that storing BTC personally and storing fiat via banks are two different things. Go to Source
Bitcoin user pays $3.1M in transition fee for one 139 BTC transfer
A Mempool developer suggested that the user behind the transfer might not be aware of the non-cancellation of replacement fees policy, resulting in an accidental $3.1 million transaction fee. Go to Source
Sushi to test Bitcoin swaps and Opyn DeFi protocol founders cave to CFTC pressure: Finance Redefined
Sushi is set to test Bitcoin swaps on 30 different blockchains using the interpretability protocol ZetaChain. Go to Source
Pay and dump? How businesses accepting crypto payments influence adoption
Crypto payments are often seen as a way to boost adoption, but is adoption growing if the business sells crypto right back? The answer is complex. Go to Source
US CFPB proposes supervising digital app providers, including crypto wallets
The proposal would affect retail transactions carried out from crypto wallets, but not crypto trading. Go to Source
Crypto remittances offer cheaper alternative, but still face challenges to adoption
Crypto remittances are a lifeline for many people who need to send money to their loved ones, as they provide faster, cheaper and more transparent transactions than traditional methods. Go to Source
Bitcoin clean energy usage reportedly exceeds 50% — Will Tesla start accepting BTC payments?
A Bloomberg analyst reported the percentage of energy used for Bitcoin mining coming from renewable sources had exceeded 50% due in part to miners fleeing China’s ban. Go to Source