Square receives New York BitLicense
Cryptocurrency firm Square has secured a virtual currency license from the New York State Department of Financial Services.
Square fully launched the ability to buy and sell Bitcoin in its Cash app in January but has so far not been able to offer the feature in New York.
That now changes, as it becomes the ninth firm to be granted a BitLicense.
“We are thrilled to now provide New Yorkers with Cash App’s quick and simple way to buy and sell Bitcoin” says Square VP, Brian Grassadonia.
Emergency alert startup Watch Out! acquires Bitcoin payment app BitWall
BitWall, the FinTech firm known for introducing the concept of a Twitter-powered Bitcoin Paywall for online publications, has been acquired by Watch Out! Inc.
Watch Out! Inc. is currently developing its flagship product, a self titled app that sends out real time, critical information to users in times of danger.
According to Michael Lucas, chief executive at Watch Out!, the deal enables Watch Out! to incorporate a sophisticated mechanism for crypto enabled payment.
Benjamin Katz painting sells through online gallery for 150 BTC
Bitcoin is making its way into the art world, a Benjamin Katz painting just sold for 150 bitcoins ($1.25M.)
The painting was sold by Ato Gallery, an online gallery, and the entire deal was carried out through messaging apps, such as Instagram, Signal, and Postmates.
The buyer contacted the owner of the gallery, asking about the price of Chasing Hearts/Northern Lights by Benjamin Katz. The prospective buyer talked to both Katz and Eldridge via the social media apps before making an offer of 150 bitcoins, which was accepted.
Italian authorities seize bitcoins from hacked BitGrail exchange
BitGrail, the Italian cryptocurrency exchange, announced today that bitcoins stored in the firm’s wallet were seized by Italian authorities.
The seizure follows a petition that was filed by 3,000 victims of the BitGrail hack.
The CEO of BitGrail, Francesco Firano had stated that it would be impossible to return the stolen funds.