6 Noncustodial Crypto Payment Solutions for Merchants

You don’t have to be a bitcoin purist or tech tinkerer to want to accept cryptocurrency without using a third party. With lower merchant fees, greater network uptime, and no chargebacks, noncustodial crypto payments have several advantages over traditional fiat payment systems. Here are six noncustodial options for accepting crypto in-store and online. Also read: How Cryptocurrencies Can Mitigate Some of Brexit’s Negative Effects Accept Crypto With No Questions Asked For merchants interested in accepting cryptocurrency in-store or online, there’s now a wealth of options. Major companies like Coinbase and…

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Armenian IT Company Accused of Illegal Electricity Use to Mine Crypto

An IT company in Armenia has been accused of setting up a crypto mining operation in a hydroelectric plant and using its electricity illegally for over a year. An IT company in Armenia has been accused of illegally accessing electricity and using it to mine cryptocurrencies. $150,000 in power On Sept. 21, in an announcement from the Armenian National Security Service, the organization accused an IT company of illegally mining cryptocurrencies from inside a hydropower plant. The state agency reported that the IT company had installed cryptocurrency mining equipment inside…

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Swiss University Fights Fake Diplomas With Blockchain Technology

A Swiss university joins the growing list of institutions from all over the world looking to blockchain to aid them in their fight against fake degrees. The University of St. Gallen in Switzerland is setting its sights on blockchain technology to fight fake diplomas, a type of fraud that has been on the rise globally in recent years. Degree certification According to a CNN Money Switzerland interview from Sept. 19, the University of St. Gallen has announced that it is introducing a blockchain-based pilot project to verify the authenticity of…

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How Merge Mining and Anchored Blockchain Projects Capitalize on Bitcoin’s Security Model

Since 2011, just after Satoshi Nakamoto left the Bitcoin project for good, networks have emerged that leverage the BTC chain in some way. A variety of projects over the last nine years have found value in anchoring some sort of feature set to BTC in order to bolster the satellite’s underlying network. The following article examines when these anchor-style projects started, where they are today, and how these concepts have been perceived by the crypto community. Also read: Bitcoin History Part 17: That Time Mt. Gox Destroyed 2,609 BTC Blockchain…

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Two Firms to Build Blockchain-Based Solution for European Shipping

Blockchain startups Vakt and essDOCS have signed a memorandum of understanding to digitize the post-trade process in European barge shipping. Vakt, a blockchain-based post-trade platform for commodities, has signed a memorandum of understanding with essDOCS, a firm that develops paperless trade solutions, to put European shipping on the blockchain. As markets and technology-focused outlet Benzinga reported on Sept. 20, Vakt and essDOCS will work on a blockchain-based solution that will allow digitization of post-trade process in Europe’s barge shipping. Digitization of barge shipping data While the parties plan to launch…

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Real-Time Strategy Game for Mining ‘Crypto Gold’ Launches on WAX

Online real-time economic strategy game Prospectors will be launching on WAX blockchain. The online real-time economic strategy game, Prospectors, will be launching on the Worldwide Asset eXchange (WAX). Prospectors blockchain game lands on WAX In a Sept. 17 blog post, WAX announced that one of the largest dApps in the world, The Prospectors, is launching on the WAX blockchain, which users buy physical and virtual items using WAX tokens. This blockchain-based decentralized strategy game set during the 19th-century gold rush launched on EOS in late June 2019. Notably, the game’s…

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Bitcoin Magazine Week in Review

Bitcoin Magazine’s Week in Review brings you the most critical, interesting and popular news stories affecting Bitcoin this week. “Discovering Bitcoin” Understanding Bitcoin is something that thousands (if not millions) of people try to do every year. With so many concepts and terminologies to keep track of, you could easily get spun around when trying to understand Bitcoin for what it is.  But a series on the societal impetus for Bitcoin from Giacamo Zucco, “Discovering Bitcoin: A Brief Overview From Cavemen to the Lightning Network,” serves as a multi-entry rundown…

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Justin Sun Reveals New Plan for TRON’s Proof-of-Stake Mechanism

Blockchain platform Tron’s founder, Justin Sun has announced a new plan for TRON’s proof-of-stake mechanism. Blockchain platform Tron’s founder, Justin Sun has announced a new plan for TRON’s (TRX) proof-of-stake mechanism. In a series of tweets on Sept. 21, Sun highlighted four key developments in the new plan for TRON’s proof-of-stake mechanism. Specifically, the developments will focus on the means of distributing staking revenues and greater engagement of the community. Community engagement  Sun revealed that the company will consider “a fair, decentralized distribution of staking revenues” to increase user participation…

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Bitcoin’s Dominance Drops as BTC Price Briefly Dips Below $10K

Crypto markets continue to trade sideways, with the majority of the top 20 coins by market cap seeing losses. Saturday, Sept. 21 — crypto markets continued to trade sideways, with the majority of the top 20 coins by market cap seeing losses at press time. Market visualization. Source: Coin360 Bitcoin dominance continues to slip After briefly dipping below $10,000 threshold, Bitcoin (BTC) has broken back above $10,000 to trade at $10,041 at press time. The major cryptocurrency is down 1.1% over the past 24 hours, also seeing a nearly 3%…

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Discovering Bitcoin Part 6: Digital Contracts

This is the sixth installment of bitcoiner Giacomo Zucco’s series “Discovering Bitcoin: A Brief Overview From Cavemen to the Lightning Network.” Read the Introduction to his series, Discovering Bitcoin Part 1: About Time, Discovering Bitcoin Part 2: About People, Discovering Bitcoin Part 3: Introducing Money, Discovering Bitcoin Part 4: A Wrong Turn (New Plan Needed)! and Discovering Bitcoin Part 5: Digital Scarcity.  In Part 6 of this “Discovering Bitcoin” series, we will build on the idea of using digital puzzles as a way to reproduce scarcity, and on the importance…

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