Retailer Adoption of Bitcoin is Growing in the US and Canada, Despite Price Fall

“In 2014 Newegg was among the first major companies to offer customers a bitcoin payment option. Since that time the value of bitcoin has skyrocketed and customers holding bitcoin have considerably more purchasing power. We believe the time is right to broaden our acceptance of bitcoin to our …
Google Alert – bitcoin

[Canada] Bank of Montreal (BMO) to block cryptocurrency transactions through BMO Credit and DEBIT cards including Interac Online Payment. (reddit.com)

I have a friend who works at BMO and they sent me this email they received this morning from their manager. Background Currently, customers have the ability to buy and sell cryptocurrencies like Bitcoin through an online cryptocurrency exchange. Just like foreign currencies customers are able to buy and sell cryptocurrencies by setting up an account through a cryptocurrency merchant website. These merchants are set up to accept different methods of payment and once…

Bitcoin

Bitcoin is 'gambling' and we will develop regulations around it, Canada central bank head says

Bitcoin trading is "gambling," Canada's central bank governor told CNBC on Thursday, adding that he was looking into developing regulations around cryptocurrencies. Stephen Poloz, who heads up the Bank of Canada, said buyers of digital coins should "beware" and that he would not call …
Google Alert – bitcoin

Canada could become the world's bitcoin mining capital as China cracks down

China is home to the world's biggest bitcoin miners but is cracking down on the sector due to concerns about excessive energy usage. At the same time, Canada is actively courting bitcoin miners as regions like Quebec have excess power capacity. Other countries like Kazakhstan and Venezuela are …
Google Alert – bitcoin