BayPay Members Blogs

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Protestors Set Alleged Bitcoin Ponzi Scheme Perpetrator’s Home on Fire

Protestors set fire to paramedic-turned-bitcoin entrepreneur Sphelele “Sgumza” Mbatha’s home, following the collapse of his Ponzi-like “investment scheme,” according to Ladysmith Gazette. Mbatha ’s company, Bitcoin Wallet , promised investors 100-percent...
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Amazon, Deloitte, Fidelity Partner With IDEO CoLab on Blockchain Accelerator

IDEO CoLab, a subsidiary of design firm IDEO, has partnered with 20 blue chip and crypto firms to launch a blockchain accelerator dubbed Startup Studio. Partners include Amazon , Deloitte, and Fidelity...
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Fidelity Digital Assets Is Hiring 10 More Blockchain and Trading Experts

Fidelity Digital Assets, the crypto-focused branch of the major asset manager, is looking to boost its team with the addition of 10 new blockchain professionals. Posted within the last two days,...
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China Should Prepare Digital Yuan to Counter Facebook Libra: Ex-PBoC Chief


Faced with the possibilities and threat posed by Facebook’s Libra cryptocurrency project, China’s central bank should rethink its plan for a national digital currency, according to its former head. As reported...
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Wala Was Africa’s Perfect Crypto Success Story – Until It Collapsed

For a moment, it worked as planned. As CoinDesk reported last summer , a user in South Africa could pay their mom’s electricity bill in Uganda using a crypto-powered payments app...
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Multicoin, Coinbase Ventures Invest $1.5 Million in ‘Decentralized Flickr’

Multicoin, Coinbase Ventures, BlueYard Capital and Collaborative Fund are backing a new protocol to help developers more smoothly interact with decentralized file storage. The investment takes the form of a $1.5...
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‘Lots of Shady Stuff’: BitMEX Posts Part of Debate Between CEO and Nouriel Roubini

In a dramatic bit of stagecraft, BitMEX has finally released the “tapes” from its so called Tangle In Taipei, a July 3 debate between CEO Arthur Hayes and NYU Professor and...
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Bitcoin Price Drops $2K in 24 Hours But Bull View Still Intact





View Bitcoin suffered a significant drop in the last 24 hours, but the higher-lows pattern on the daily chart is still intact and the outlook remains bullish.A daily close below the...
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Canada’s Crypto Exchanges Must Now Register as MSBs, Report Transactions Over $10K

Canada has updated its anti-money laundering rules, making changes that will affect cryptocurrency exchange operations in the country. The Canadian government published the amendments  to the Proceeds of Crime (Money Laundering) and...
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Oil Giant Shell Invests in Startup That Uses Blockchain Tech for Energy Tracking

A U.S.-based blockchain startup working to “democratize the energy industry” has raised an undisclosed sum from oil multinational Shell and Japanese business giant Sumitomo Corporation Group. In an announcement  published on...
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Bitcoin Dips $1k In 1 Hour As Markets Take A Hit


The cryptocurrency markets fell sharply on July 10 after bitcoin (BTC) suffered another $1000 sell-off, denying a bullish breakout that looked primed to test its recent 2019 highs. At 14:00 UTC...
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Blockstack Is Planning One of the First Reg A+ Compliant Token Offerings In the US

According to a WSJ report , the SEC has approved a $28 million Reg A+ offering for decentralized Internet company Blockstack . Blockstack will begin selling the SEC-approved tokens – essentially...
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US Election Authority Set to Approve Congressional Candidate’s Plan to Issue Ethereum Token

A candidate for Congress in Florida wants to give ethereum-based tokens to campaign volunteers in an experimental effort to incentivize their work — and federal officials appear poised to give their...
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Turkey’s New Economic Roadmap Calls for Central Bank Cryptocurrency

An economic road map unveiled by the government of Turkey this week includes several items related to blockchain, including a bid to create a central bank digital currency based on the...
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Fed Chair Says Libra ‘Cannot Go Forward’ Until Facebook Addresses Concerns

The head of the U.S. central bank believes Facebook should not be allowed to launch its Libra cryptocurrency until the company details how it will handle a number of regulatory concerns....
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Metropolitan Bank Says It Shut Down Tether’s Account After 5 Months

Metropolitan Commercial Bank maintained accounts for stablecoin issuer Tether and affiliated companies for less than half a year before shutting them down, a spokesperson told CoinDesk. The New York Attorney General...
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Dapp Platform Near Raises $12.1 Million From Metastable, Accomplice

Near Protocol, a San Francisco-based platform for developing decentralized applications, has raised $12.1 million in venture capital. Hedge Fund Metastable Capital and venture firm Accomplice led the oversubscribed round. Near is...
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Winklevoss Twins’ Gemini Exchange May Join Facebook’s Libra Project

Tyler and Cameron Winklevoss, co-founders of the New York-based crypto exchange Gemini, may soon join the Libra Association, the consortium governing Facebook’s proposed cryptocurrency. “We’re definitely looking at it in earnest...
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Fold App Enables Bitcoin Lightning Payments at Whole Foods, Starbucks

Fold, a payments platform, is introducing a lightning network protocol that will allegedly enable users to shop in-store or online at several retailers, including Starbucks, Whole Foods, AMC, Home Depot, and...
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Binance Labs-Backed Firm Working to Boost Blockchain Speeds Raises $3 Million

Marlin Protocol has reeled in a $3 million seed round from Binance Labs, Arrington XRP, Electric Capital, NGC and other investors. The startup, based in San Francisco and Bangalore, India, works...
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