Crypto’s Too Expensive? Binance Sent $600 Million in Bitcoin for Just $7

Crypto exchange Binance has been moving bitcoin funds to cold storage the past couple of days, and, of course, such large transfers don’t go unnoticed. Two transactions destined for Binance’s cold wallet come to the fore and demonstrate both the power and irony of the blockchain. A transaction in block 550211 was a transfer of just … Continued The post Crypto’s Too Expensive? Binance Sent $600 Million in Bitcoin for Just $7 appeared first on CCN

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‘Bitcoin Is the Greatest Scam in History,’ Says Founding PayPal CEO. Wrong.

One could say that former PayPal chief executive Bill Harris is not fond of Bitcoin, but that would be an understatement. Writing in an op-ed published by tech outlet Recode, Harris argues that Bitcoin is not only a bad investment but is also a “colossal pump-and-dump scheme, the likes of which the world has never The post ‘Bitcoin Is the Greatest Scam in History,’ Says Founding PayPal CEO. Wrong. appeared first on CCN

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PayPal Files Patent to Improve Cryptocurrency Transaction Times

The post PayPal Files Patent to Improve Cryptocurrency Transaction Times appeared first on CCN PayPal has filed a patent for a system designed to improve the speed of cryptocurrency payments. Documents filed with the US Patent and Trademark Office (USPTO) on March 1 show that the payment processing giant has developed a system through which senders and receivers can swap private keys rather than sending coins over the network The post PayPal Files Patent to Improve Cryptocurrency Transaction Times appeared first on CCN

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