Welcome to the latest issue of Cryptie. Bitcoin and other cryptocurrencies have seen significant activity this month as the market shows promising trends. This issue includes the latest updates from the cryptocurrency industry, merchant deals, giveaways, and the latest updates from BitPay.
Let’s take a look at this month’s highlights.
On this issue:
industry news
Read news from across the blockchain industry.
- Sam Bankman-Fried Sentenced to 25 Years in Prison for FTX Fraud: In a significant development in the cryptocurrency industry, Sam Bankman-Fried was sentenced to 25 years in prison for defrauding FTX customers of $8 billion. sector.
- US Authorities Handle $2 Billion in Seized Bitcoin: US authorities recently transferred $2 billion worth of seized Bitcoin, underscoring the government’s continued involvement in cryptocurrency regulation.
- Ethereum Layer 2 reports an increase in active addresses: Recent data shows an increase in active addresses on the Ethereum Layer 2 network, indicating improved network usage and scalability.
- BlackRock allocates $100 million to Bitcoin mining: BlackRock allocates $100 million to Bitcoin mining. This indicates that the asset management company has made significant investments in the cryptocurrency mining sector.
- Vitalik Buterin explains Ethereum’s direction after DenCuN: Ethereum co-founder Vitalik Buterin discusses Ethereum’s strategic direction after the DenCuN update, with a focus on strengthening scalability and security.
- Austin’s Growth as a Cryptocurrency Hub: Austin, Texas, is emerging as a key player in the cryptocurrency and ETF markets and is seeing significant growth in these financial sectors.
- Hong Kong approves spot Bitcoin and Ethereum ETFs: Hong Kong financial regulators have approved the first Bitcoin and Ethereum spot ETFs, expanding investment options in the cryptocurrency market.
- Argentina Mandates Registration of Cryptocurrency Platforms: Argentina has introduced a mandatory registration policy for Bitcoin and cryptocurrency platforms, aiming to strengthen regulatory oversight of the sector.
Mother’s Day Giveaway: Enter to win a $250 cryptocurrency gift card.
To celebrate, 10 lucky winners will receive a $250 e-gift card!
You can use these winnings to buy her flowers, shoes, clothes, dinner or anything she wants. Act quickly! This giveaway ends on 5/12.
This sweepstakes is open in the United States only. Don’t forget to complete all tasks to unlock bonus items.
→ Participate in the gift card prize draw event
Major Cryptocurrency Gift Cards for Teacher Appreciation Month
As Teacher Appreciation Month approaches, why not express your gratitude for the educators in your life with a thoughtful gift? Choosing a cryptocurrency-backed gift card is an easy and meaningful way to thank teachers for their dedication and hard work.
→ Explore gift cards
Seller Transaction: espresso display
There has never been a more exciting time for cryptocurrency investors. espresso display, the world’s leading interactive display for more productive workflows, wants to celebrate the halving this April 20th by offering something special to cryptocurrency users. When making payment, select “Pay with BitPay” and use “.BitPay420Enter ” to receive a 10% discount on your Espresso Display order. Yes, we accept BitPay for all orders within the US!
→ Store espresso display
Product Focus: Pay your bills with no fees
Leave traditional bill payments in the past. Use Bill Pay with no fees from now until June 30th. Pay almost any bill with over 100 cryptocurrencies, including BTC, LTC, ETH, DOGE and hundreds more.
- Credit card
- student loan
- mortgage
- utility
- car payment
→ Download the app or sign up at BitPay.com to get started.
Questions to ask your payment processor
Don’t risk partnering with the wrong cryptocurrency payment provider. Arm yourself with the right questions to ask when researching potential partners.
Question #49: Do you offer marketing support and collaboration?
Read our overview here or download our expanded questions guide to help you find a trustworthy cryptocurrency partner.
→ Get the e-book
Bitcoin Halving Countdown: Less than 1 day away
bitcoin halving It is scheduled to be held between April 19 and April 20, 2024. The upcoming Bitcoin halving event presents merchants with a unique opportunity to capitalize on the growing interest in Bitcoin spending. By accepting Bitcoin payments through BitPay, merchants can tap into a growing customer base and benefit from a potential surge in Bitcoin transactions. Don’t miss this opportunity to get ahead and sign up for BitPay today.
→ Find out what halving means for investors and sellers.
Word of the Month: Multichain Wallet
Currently, the cryptocurrency ecosystem, with tens of thousands of cryptocurrencies and more than 1,000 blockchains, is experiencing difficulties in asset management due to the lack of intercompatibility between various blockchain networks.
Multichain wallets allow users to manage cryptocurrency assets across multiple blockchains through a single interface, providing a solution that improves convenience, security, and access to a wide range of DeFi applications.
BitPay’s multi-chain wallet provides an all-in-one solution for users looking to streamline cryptocurrency management by simplifying the process of purchasing, storing, exchanging, and consuming cryptocurrencies across multiple blockchains.
→ Learn more about multichain wallets
ddeveloper news
major release
There is a new major release with support for new language features, examples added to the codebase, exception sorting with the SDK, better custom logger support, and other general improvements tailored to the API.
Magento 2.4.7 support
We have released a new minor version of the PHP SDK v7.5.0, which adds support for PHP 8.2 and 8.3 and enables Symfony/yaml version 7. This is required to support Magento 2.4.7, released on April 8, 2024. This SDK version will no longer receive new features, and future versions of the Magento plugin will be updated to use the latest SDK version, which does not support PHP 7.4.
expected
- major release
- Node.js SDK v6.0.0
- C# SDK v6.0.0
- Patches with dependency updates
- Python SDK v6.0.2
- PHP SDK v9.0.1
- plugin
- BitPay Checkout for WooCommerce plugin v5.4.0
→ Learn more
Seller’s Call
Check out this month’s seller news.
- Shop APMEX’s popular silver and gold categories, including pop culture collectibles. Shop now!
- OneGold allows you to own vaulted gold, silver and platinum directly at a very low cost. Start your free account today.
- Buy your domain name with Namecheap today!
- Are you ready to accept cryptocurrency in your Shopify business? Get started with the BitPay app today!
- Instantly deploy high-performance cloud servers, cloud GPUs, bare metal, and cloud storage globally with Vultr. New users receive $100 to test the platform.
- Name your business using BrandBucket.
- Shop in US stores with Qwintry and get your products delivered to your home reliably.
Not a current BitPay merchant?
Contact a BitPay representative today