Stripe to bring back crypto payments in the next few months

Global payments company Stripe announced that it was going to start allowing crypto payments on Thursday at the company’s Global Internet Economy conference. 

Speaking at the final keynote, titled the Future of Payments, Stripe’s president John Collison,  said, “our history with crypto goes back a long time.” He cited the company’s now-defunct bitcoin support back in 2018 because it wasn’t being used. 

“We’re excited to announce that we’re bringing back crypto as a way to accept payments, but this time with a much better experience,” he announced.

Due to the fact that crypto has more use cases and, as Collison’s presentation said, “crypto’s back,” Stripe…

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Understanding Bitcoin’s Ecosystem

A quick glance at the Bitcoin ecosystem reveals a dynamic flow from concept to operation. It begins with an idea, which materializes into code. This code establishes the protocol that connects a network of nodes, essentially the infrastructure that supports the digital currency’s operation.

Participants in the network, known as Bitcoiners, safeguard this protocol. Their collective agreement, or consensus, is pivotal in upholding the network’s values. This shared consensus generates markets, enhancing Bitcoin’s functionality as a currency.

In return, these markets incentivize the community, rewarding their contribution and investment in the system. Thus, the ecosystem of Bitcoin is a self-reinforcing cycle of innovation, protection, and growth, contributing to its viability as a decentralized financial system.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Beck & Bulow Adopts Bitcoin as a Treasury Reserve Asset – Bitcoin Magazine

Beck & Bulow, a nationally acclaimed meat and seafood company based in Santa Fe, New Mexico, has announced its decision to accept Bitcoin as payment online and in-store, as well as include it in their employee 401k program. The company has also committed to holding Bitcoin and revenue generated in Bitcoin in its reserves indefinitely.

Founded in humble beginnings, working farmers markets and selling meat door-to-door, Beck & Bulow has grown to play a much bigger role in the meat supply chain in New Mexico. The company now serves over 1,000 restaurants and retailers across the United States, including luxury hotels and high-end markets, and has recently begun exporting bison to Mexico.

The…

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LATEST: Ohio Legislature Proposes Bill to Safeguard Basic Bitcoin Rights

Ohio has taken a significant step towards embracing Bitcoin by introducing a groundbreaking bill aimed at securing fundamental rights for cryptocurrency users. The newly proposed legislation guarantees several key freedoms, including the right to buy and sell Bitcoin, the right to mine Bitcoin, and the right to operate a full node. This move positions Ohio as a leading state in recognizing and safeguarding the rights of digital asset holders.

In addition to these rights, the bill also enshrines the right to self-custody digital assets, allowing individuals greater control over their cryptocurrencies without the need for intermediary financial institutions. This legislation not only supports the autonomy of Bitcoin users but also promotes Ohio as a hub for digital innovation and investment. The state’s forward-thinking approach could pave the way for similar laws nationwide, enhancing the legitimacy and adoption of cryptocurrencies like Bitcoin.

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Cryptocurrencies, equities slide on slowing economic growth 

Cryptocurrencies and US equities slipped Thursday morning as economic data fueled concerns of stagflation. 

Gross domestic product (GDP), which broadly measures goods and services produced in the first quarter, increased at 1.6% year-over-year, missing analysts’ expectations of 2.4%, data from the Commerce Department showed. This latest reading is a sharp decline from the fourth quarter of 2023, which showed GDP increased 3.4%. 

Consumer spending also trended lower, increasing 2.5% between January and March, a decline from the 3.4% gain posted in the last quarter of 2023. 

Bitcoin (BTC) and ethereum (ETH) dipped on the report, losing as much as 2% each in the hour after the…

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Top Trending Crypto Coins of The Day

BIGCAP COINS:

  1. Hedera: Market Cap of $4.2 Billion.
  2. Pepe: Market Cap of $3.3 Billion.
  3. Bitcoin: Market Cap of $1.2 Trillion.

MIDCAP COINS:

  1. Credefi: Market Cap of $24.4 Million.
  2. Panda Swap: Market Cap of $9.5 Million.
  3. Celestia: Market Cap of $1.9 Billion.

RISING COINS:

  1. BOBO: Market Cap of $127 Million.
  2. FLOKI: Market Cap of $1.0 Billion.
  3. PepeFork: Market Cap of $92.1 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Samourai Did Nothing Wrong, Self Custodial Tools Are Not Money Transmitters

An announcement was put out today by the Justice Department that Keonne Redoriguez and William Hill had been arrested and charged with operating Samourai Wallet, “an unlicensed money transmitting business” that executed “unlawful transactions.”

Fuck the Justice department, full stop. At no point did Samourai custody user funds, have control over user funds, and ESPECIALLY did not execute any transactions on behalf of the user. It is a completely self-custodial wallet in every way. They from day one were completely uncompromising in that with every feature they have ever implemented.

They are being charged with conspiracy to commit money laundering, with a maximum sentence of 20…

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