SpicePay News

Several major Bulgarian banks this week decided to terminate the accounts of cryptocurrency exchanges. This blocked transfers to and from international Bitcoin exchanges, forcing them to limit services or suspend them entirely. The sudden, unexpected strike creates a big problem for companies that exchange cryptocurrency for fiat currency. Ironically, the root of this problem is […]

The issue of how to process more transactions, quickly and cheaply, continues to be a hot topic in the cryptocurrency world. Earlier this year SegWit laid the foundation. The Lightning Network offers a potential solution. While blockchain technology is revolutionary, it still has drawbacks. Under the current system, transactions are processed according to the amount […]

Domain Name Wire reported that Amazon registered three new domain names related to blockchain and cryptocurrencies – “amazonethereum.com”, “amazoncryptocurrency.com” and “amazoncryptocurrencies.com” – on October 31. This is in addition to “amazonbitcoin.com,” which it registered back in 2013. Nobody knows why, and Amazon isn’t talking. It’s possible that Amazon’s only intention is to prevent someone else […]

Every time it seems the Bitcoin price couldn’t possibly climb any higher, it exceeds expectations. Earlier this year Bitcoin made headlines, with analysts predicting that it could go up to $3000. It did, much sooner than most people imagined. A few months later, $5000 and up became the norm. This week, a week-long surge culminated […]

The bitcoin fork back on August 1 was the culmination of a dispute over how to scale bitcoin – a long skirmish some have called a “Bitcoin Civil War.” The lack of consensus led to a fork, which is when a cryptocurrency splits into two separate cryptocurrencies. This summer’s fork led to the creation of […]

The Bitcoin price hitting $5000 was once a prediction that only the most bullish would make. In September, it happened, making history. Remember: Just over four months ago, in June, history was made when it hit $3000. Here we are in October and $5000 is already, well, history. This morning the Bitcoin price climbed to […]

Blockchain payments are the road ahead for SpicePay, and the journey has begun. We have always been cryptocurrency multi-taskers, providing a variety of exchange services and (more recently) payment processing services, with an emphasis on Bitcoin. In the past year or so we expanded further into blockchain merchant services by popular demand, and demand keeps […]

China’s ICO ban was enacted on September 4, when the central bank declared ICOs an “illegal public finance” mechanism. The ban means that Chinese start-ups will not be able to raise funds through an ICO (Initial Coin Offering), where capital comes in the form of cryptocurrency. It does not mean that cryptocurrency developers and service […]

This historic Bitcoin milestone was predicted by Bitcoin proponents well in advance. To some, it was only a matter of time. Others are aiming much higher. None of which dulled the excitement when the Bitcoin price reached an all-time high of $5000 USD per BTC on the CoinDesk Bitcoin Price Index on September 1! 2017 […]

The question of Bitcoin scaling is finally settled: On August 24 SegWit was activated! This is a major technical milestone, and a cause for celebration in the bitcoin community. Developers now have the ability to use the new protocol, which is expected to improve transaction speed and security – and lower fees. To give you […]