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BitGo expands crypto insurance to cover over $700M

Institutional clients have shown strong demand for airtight and insured custody options. Digital asset custody firm BitGo has expanded its cold storage insurance program, raising its insurance capacity by $600 million. BitGo debuted its crypto insurance program through global insurance and reinsurance market Lloyd’s of London in 2019. This enabled BitGo clients to acquire insurance for their digital assets held on BitGo’s Business Wallet service and Custodial offering for up to $100 million. BitGo announced Wednesday that its “Dedicated Customer Excess Specie” insurance program has been expanded to cover assets valued at over $700 million.  The expansion comes in response…

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Nincs megállás: a WeWork is elfogad bitcoint

Az amerikai irodamegosztó startup WeWork is felszállt a kriptovaluta vonatra és mostantól kriptovalutákkal is ki lehet egyenlíteni az office bérlés költségeit. Közleményük szerint az első bérlője, ami kriptóban fizet a frissen tőzsdei listázott Coinbase (NASDAQ: COIN) lesz. A cég kiemelte, hogy egyben hivatalosan is tarthat kriptovalutákat a számláin, illetve ha kérik, akkor az ingatlantulajdonosokat és partnereit kriptovalutákban is kifizetheti. Az irodakiadással foglalkozó startup bitcoint (BTC), ethert (ETH), USD coin stabilcoint (USDC) paxos standardot (PAX) és más altokat fogad a BitPayen keresztül. “A WeWork egy olyan innovatív fizetési opciót kínál ügyfeleinek, ami olcsóbb és könnyebben használható, mint a bankkártyák és egy…

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Electronics retailer Newegg now accepts Dogecoin as payment

After debuting Bitcoin payments back in 2014, online electronics retailer Newegg added a Dogecoin payment option. American online electronics retailer Newegg has added Dogecoin (DOGE) as an official payment method amid the ongoing parabolic surge of the meme-based cryptocurrency. Newegg announced Tuesday that the company added the option through crypto payment platform BitPay. The firm said that the new feature was introduced in conjunction with Doge Day — a community crypto holiday pushed by DOGE proponents to be celebrated on April 20. According to online reports, Dogecoin advocates apparently hope to see DOGE hit $1 today. We become LEGENDARY today.…

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Leading Bitcoin Payments Processor Bitpay Joins Crypto Patent Alliance COPA

The world’s largest provider of cryptocurrency payment services, Bitpay has announced the company is joining the Square-founded crypto patent effort the Crypto Open Patent Alliance (COPA). Bitpay has been working with blockchain products since 2011 and the firm will share open-source projects and use a shared patent library with the crypto patent organization. Bitpay Joins Crypto Patent Effort COPA The Atlanta-based cryptocurrency payment and blockchain company Bitpay is joining forces with COPA. The Crypto Open Patent Alliance was originally invoked by Square, Inc., and the organization bolsters open access to patents and protection from patent threats. On January 1, 2020,…

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200-Year-Old American Wine Shop Now Accepts Cryptocurrencies 

Nearly every day now a new company is announcing the acceptance of cryptocurrencies in some form or another. Now one of the world’s largest fine wine auction houses and America’s oldest wine shop Acker has revealed digital currency acceptance to pay for auction payments and retail wine purchases. Wine Shop Acker Jumps Into the Crypto Space This week the wine shop and auction house Acker revealed that it is now accepting cryptocurrencies for goods and services. Effective immediately Acker will accept BTC, BCH, ETH, DOGE, and three stablecoins via the payment processor Bitpay. Moreover, the wine company that started in…

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How to accept Bitcoin payments using Bitpay and Electrum for a business

Our company uses a standard invoicing model where we bill our clients the service charge and require payment within X days. We'd like to be able to add a "Pay with Bitcoin" option on the invoices. We are thinking we'd use a service like Bitpay to facilitate the payment and then have Bitpay send the BTC to our business wallet which uses Electrum. What are some important considerations? Although Electrum generates several wallet addresses, Bitpay only allows entering a single address. Is this okay? I've seen recommendations to always use different addresses, but I can't figure out how to do…

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Music Company Founded by Dr. Luke Enables Bitcoin Payments for Songwriters and Producers

Bitcoin mainstream adoption is not limited to celebrities endorsing the cryptocurrency via social media or interviews on TV. The music industry is also interested in joining the bandwagon, with an independent publishing company recently enabling bitcoin payments. Bitcoin Adoption Comes in Response to the Requests of Prescription Songs Creators According to Variety, Prescription Songs, founded by Dr. Luke (Lukasz Sebastián Gottwald), is now offering its roster of producers and songwriters the option to send payments in bitcoin (BTC). The feature is possible thanks to a partnership signed with crypto payments provider Bitpay. Dr. Luke is a well-known hitmaker in the…

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Your Monthly Newsletter for All Things BitPay and Crypto

Up, up and away! Just last month, we were here celebrating Bitcoin’s all-time high of $48,000. Now it is priced over $50,000, and we’re barely three months into the year! As institutions like Tesla and MicroStrategy continue to adopt cryptocurrencies into their investment strategy, crypto’s future looks bright. Meanwhile, at BitPay, we continue to welcome aboard new merchants, all the while releasing new products and services that make crypto transactions easier — and more profitable than ever — for the global business community. It has been an exciting month, with new and exciting product and feature launches. In This Issue:…

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Attention Europe: Buy Crypto with No Credit Card Fees

Are you looking to try crypto for the first time? Or are you an experienced hodler who wants to save on fees? This promotion is for you if you reside in Europe (EEA) and have a credit or debit card or bank account. For a limited time, BitPay and Simplex have partnered together to eliminate the fees for buying crypto for all of Europe. It is simple, from within the BitPay Wallet app, European app users can buy crypto with no credit card fees  for a limited time. Powered by BitPay’s partner Simplex, you can quickly and easily buy crypto…

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BitPay Embraces DeFi with WalletConnect Integration

WalletConnect is the latest addition into the BitPay Wallet app making it easy and convenient to live life on crypto. Simply scanning a QR code, BitPay Wallet app users have secure direct access to the decentralized exchange, decentralized games, and all that the rapidly evolving $15 billion Decentralized Finance (DeFi) space has to offer. BitPay Wallet app users can store, send or receive Ethereum tokens DAI and WBTC through WalletConnect. Payment support for DAI and WBTC is expected this quarter. DAI, the only decentralized dollar-pegged token, is accessible anywhere in the world. DAI’s market capitalization is third among stablecoins, and…

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Your Monthly Newsletter for All Things BitPay and Crypto

In this edition of the January Cryptie, we have decided to look back at 2020 in review for BitPay. Despite a rollercoaster of a year for the world, one thing has remained certain: cryptocurrency remains at the forefront of the future of finance. On January 1, 2020, Bitcoin (BTC) opened at $7,194.89 USD. Three hundred sixty-five days later, that value nearly quadrupled to $29,001.72 USD at the end of December 31, 2020. We believe that 2021 will be the year that crypto becomes widely adopted not just for speculation but also for payments and other utilities. We expect that improved…

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BitPay Reveals Four Notable Payment Insights From Recent Study

BitPay, the self-described “world’s largest provider of Bitcoin and cryptocurrency payment services,” has shared some insight on a study conducted by the group, according to a press release from the service itself. This study is called the “Total Economic Impact™ Of Accepting Bitcoin Using BitPay,” and was conducted by Forrester Consulting, the release notes. It revealed four main results based on interviews “with four merchants that accept Bitcoin and other cryptos.” Those four findings were as follows: “First, up to 40% of customers that pay with crypto are new to the merchant. Second, purchase amounts are twice that of credit…

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COVID-19: Decentralization the norm as workplaces adjust to new normal

COVID-19 has forced businesses around the world to adapt to new ways as crypto companies embrace the “decentralized normal.” 2020 will forever be remembered as the year of COVID-19, but there is no telling what the long-lasting effects of the pandemic will be on the global economy. Around the world, countries have been forced to shut down their local economies, with people having to shelter in place in order to observe the social distancing measures needed to curb the spread of the coronavirus. The immediate result of these measures has varied from country to country, but a common trend has…

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Wisconsin State Candidate Launches Bitcoin Donation Platform 

Bitcoin’s prominent role in politics is coming to the limelight once more as a state assembly candidate in Wisconsin launches a Bitcoin donations page. Earlier this month, Phil Anderson, a candidate for Wisconsin’s State Assembly, announced that he would be accepting campaign donations in Bitcoin. Another Try at Bitcoin Donations In a statement to the effect, the Republican candidate explained that his campaign had set up a Bitcoin donations channel through a partnership with crypto payment processor BitPay. The former real estate broker and businessman highlighted his belief that Bitcoin is a form of money, explaining that nothing should restrict…

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Wisconsin Assembly candidate is accepting Bitcoin donations again

“Cryptocurrency is money,” argues a Wisconsin State Assembly candidate. A candidate for Wisconsin State Assembly is challenging a state regulator by accepting donations in cryptocurrencies like Bitcoin (BTC). Phil Anderson, a real estate broker and entrepreneur, now accepts cryptocurrency donations for his Assembly campaign. According to an official statement by Anderson, crypto donations are available via major cryptocurrency payment service provider BitPay. Anderson said that his campaign is accepting crypto donations despite regulatory uncertainty from the Wisconsin Ethics Commission. Back in 2018, Anderson accepted Bitcoin donations in his campaign for Governor of Wisconsin despite the WEC finding them a “serious…

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BitPay decides to let all employees work from home permanently

Crypto seems to thrive on remote work. Bitcoin (BTC) payment and wallet company BitPay has chosen to take its company's working atmosphere remote, permanently. A poll from within the company revealed: "85% of employees preferred to work from home and felt they were more productive," said a Sept. 15 statement. "This insight coupled with the continuation in business, is a main reason the company chose to make working from home permanent." As a niche largely held within the digital world, the crypto space often sees companies and individuals working remotely. A growing trend in light of COVID-19 prevention measures, remote…

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US Consumers Flock To the First Mastercard Branded BitPay Card

New data from BitPay shows that American consumers are flocking to load the first Mastercard branded BitPay card with top digital assets. The popular cryptocurrency payment services provider debuted the new card in June 2020 and the company’s transactions reached a new high in July. The data also shows how crypto cards usage is changing, with more users choosing to load with a selection of top digital assets. Not All Crypto Cards Are Created Equal BitPay, the Atlanta-based cryptocurrency services provider, has recently released blockchain payment statistics that show how the market performed in 2020. Among other interesting points, the…

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Help me please, restore a deleted Bitcoin Wallet

While cleaning the memory on the phone, I accidentally deleted the wallet and the backup copy of Bitcoin Wallet. I tried to re-download the wallet, restore deleted files (backup), but it was useless. All I have left of my wallet is my account number and backup password. Account number: bc1q3wv607l25uymxudl4r0ueg359zq4r92llkyf53 Please help resolve this situation. I'm ready to thank you financially. Best regards Alexander from Ukraine

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