Bitcoin Is Impractical, Blockchain Is Overhyped: Stripe COO

Blockchain-based payment systems will not replace credit cards and other mainstream payment methods, at least not within a decade. This is mainly because they are too slow for day-to-day payments, with a Bitcoin transaction currently taking the better part of an hour. This is according to Claire Hughes Johnson, the COO of popular payment processor […]

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Blockchain Arms Race Continues as More Companies File Patents

Barclays Bank is the latest in a long line of companies that have filed blockchain-related patents as they seek to gain an edge on the newest technology frontier. The London-based financial services giant filed the two patents with the U.S. Patent and Trademark Office on July 19, with the first detailing a blockchain-based currency system […]

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IBM Backs the Development of Latest New Stablecoin, Stronghold USD

IBM Backs the Development of Latest New Stablecoin, Stronghold USDIt seems like a new alternative for Tether (USDT) pops up at least once a week recently. And the latest stablecoin to hit the market involves an interesting supporter, computer technology giant IBM. Stronghold USD is said to be backed one-to-one by fiat US dollars held at the company’s partner bank, Prime Trust. Also Read: […]

The post IBM Backs the Development of Latest New Stablecoin, Stronghold USD appeared first on Bitcoin News.

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Bitcoin Price Watch: Currency Spikes to Nearly $7,300

At press time, the father of cryptocurrency has jumped to $7,327. This is a massive increase from yesterday’s price, and a clear sign that bitcoin is strong enough to handle present resistance, which is set at roughly $6,800. Granted the currency can step beyond that level, we are likely to witness $7,600 next, according to […]

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