From Gyft to Fold App to Yes To Bitcoins, there are numerous places you can buy gift cards with Bitcoin. See our list below for more. #1. Gyft – Gyft is a digital gift card platform that lets you manage your gift cards, as well as enables businesses to offer easy reward and loyalty programs. The site recently saw a drop in usage by Bitcoiners of 80%. #2. Fold App – With the fold app, you can get a cup of coffee at Starbucks. Foldapp CEO Matt Luongo told CCN his company had delivered more than 2,000 purchases by summer 2015. #3. Purse.io – Purse.io hooks Bitcoiners up with people who have Amazon gift cards and also want to purchase bitcoins. Purse.io has more than 2,000 users. Users who want bitcoins are linked to those wishing to sell Bitcoin…
Bitcoin continues to trade under pressure as bears make numerous attempts to break the floor of $220-225 on the eve of the expected U.S. Fed interest rate hike. Just as lowering the interest rates is considered equivalent to pumping money into the system, raising the interest rates is considered sucking out the money from the system. Therefore, if the U.S. Federal Reserve decides to call its first interest rate hike since 2009, it will lead to tightening of the US dollar flow in the system. The US dollar being one of the most preferred safe-havens is therefore expected to see a huge rush from market participants. This may put pressure on the BTC-USD pair. Bitcoin is currently trading at $228.89, down 0.7 percent or $1.6. Image:…
One of the world’s leading technology companies has decided to utilize the blockchain technology for smart contracts. According to a report of the Wall Street Journal, International Business Machines Inc. (IBM) is planning to develop an open-source software that could — one day — be used to create digital contracts. For this, the tech giant has opted to create its own version of blockchain technology that would promote secure and accessible record-keeping on web. The IBM’s announcement is a latest addition to a long list of software and finance institutions that have previously opted to experiment with the Bitcoin’s underlying technology. They include: UBS, Citi, Barclays, Nasdaq, NYSE and others. However, IBM’s plans to open-source the project individuates it…
Laissez Faire (LZF) offers a new digital currency to Fiat exchange platform run by professionals. It aims to provide a secure trading environment working within the US legal standards. LZF becomes the first digital currency exchange to legally launch its services across 49 states by complying with the financial regulations of each state. The exchange decided to stay out of New York as a way of protesting against the BitLicence regulations proposal. LZF has been trying to comply with all the demanded licenses and regulations of all states except New York, where the BitLicense is seen as a burden and an impediment to innovation. LZF will be annually investing around $30,000 to maintain their fiat markets and to keep the platform in full compliance with U.S….
As we discussed in a little bit more detail in this morning’s bitcoin price watch piece, action over the next few days is likely to be considerably more volatile than it has been of late. This doesn’ just apply to the bitcoin price however, but across the majority of the financial asset markets. Why? Because the Federal Reserve is set to ive guidance on its interest rate targets tomorrow afternoon, and the guidance has implications for the majority of global economies. What we are hoping is that a shift to risk off sentiment might inject some upside volatility in to bitcoin, and help it gain some strength throughout the US session. Of course, this is far from guaranteed, and as such, we need to make sure we set up on either side of any potential action. So, with…
California Legislative Assembly has ordered to inactive a Bitcoin bill proposal at the request of state senator Holly Mitchell. The Bill AB-1326 was introduced by Assemblyman Matt Dababneh in February 2015. Soon upon the release of its first draft, the Californian Bitcoin bill drew plenty of opposition for a number of reasons. Several Bitcoin advocacy groups, including Electronic Frontier Foundation (EFF), BTC Foundations and Copia Institute, criticized the bill for impeding the growth of young Bitcoin startups. Responding to the growing criticism, Assemblyman Dababneh introduced some amendments into the Bitcoin bill. For instance: the lawmaker revealed that the amended bill has allowed virtual currency businesses with valuation lower than $1m to register with a…