Bitcoin

Bitcoin Daily: Blockchain Energy Firm Partners With Thai Oil And Gas Company; Binance Poised To Make US Debut

Bitfinex and Gemini Trust

Thai state-owned oil and gas company PTT and blockchain energy nonprofit Energy Web Foundation (EWF) have announced that they are teaming up to build a blockchain-based renewables platform.

According to Coin Telegraph, the solution will be based on the Energy Web Chain and compliant with the International Renewable Energy Certificate (I-REC) Standard.

“It will better match demand with available supply, help corporate buyers to achieve their sustainability goals more easily, create a supplemental revenue stream for already-operating renewable energy assets, and unlock new investment in additional renewable energy throughout the region,” said Worawat Pitayasiri, senior executive vice president of Innovation and Digital at PTT.

In other news, researchers at An.Chain have published evidence of an alleged pump and dump manipulation involving the Chainlink (LINK) token.

Pump and dump is a type of fraud that manipulates the price of an asset through a rush of high-volume purchases by fraudsters. The surge artificially inflates demand, and then the actors dump their tokens.

“Cryptocurrencies tend to be exceptionally vulnerable to this form of attack, as coins are often heavily concentrated in the hands of a comparatively small number of individuals, whose market activities can dramatically impact the coin price,” noted the An.Chain researchers, according to Coin Telegraph.

Meanwhile, cryptocurrency payment processor BitPay has been accused of blocking donations to Hong Kong for several weeks.

Tom Grundy, founder of crowdfuded media outlet Hong Kong Free Press (HKFP), complained on social media Wednesday (Sept. 11) that BitPay had suddenly stopped passing on funds from donors.

“Never use @BitPay, folks. Truly the worst experience you can imagine — poor reputation, abysmal communication, horrible customer service, *very* high fees. Almost any alternative will be better,” he tweeted, according to Coin Telegraph.

And Binance announced that it will open account registration and begin accepting deposits on Wednesday, Sept. 18.

“During this initial registration phase, you will be able to sign up for a Binance.US account and select the tier of verification required to achieve your desired withdrawal limits,” the company wrote in a blog post. “Once verified, you will be able to make deposits across the initial selection of digital assets. Shortly after registration opens, we will provide an update detailing when trading will go live for specific pairs.”

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NEW PYMNTS DATA: HOW WE SHOP – SEPTEMBER 2020 

The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

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