As October rolls in, we’re diving into a month full of exciting updates and offers in the crypto world. Whether you’re gearing up for a spooky season or simply keeping your portfolio in check, we’ve got treats in store for you. No tricks here—just the latest news and specials to keep you ahead in the world of cryptocurrency.
In This Issue:
Industry News
Read news from across the blockchain industry:
- Stablecoins, Crypto Threatening Fiat Money Dominance in Eastern Asia: Stablecoins and cryptocurrencies are challenging the dominance of traditional fiat currencies in Eastern Asia, according to a new report (Cointelegraph).
- Crypto Surge on Fed Cut & Trump’s DeFi Details: The crypto market saw a surge following the Fed’s rate cut and new decentralized finance details from Trump’s campaign (Forbes).
- Uniswap Developer Unveils Own Layer 2 Network ‘Unichain’ Built on Optimism Tech: A Uniswap developer has launched a new Layer 2 network, Unichain, leveraging Optimism technology for enhanced scalability (CoinDesk).
- The Mystery of Bitcoin’s Creator, Satoshi Nakamoto, Continues: The ongoing search for Bitcoin’s creator, Satoshi Nakamoto, remains one of the greatest mysteries in modern finance (Vox).
- Bitcoin Hits Highest Level Since July, Boosting Crypto-Related Stocks: Bitcoin reached its highest value since July, driving up the stocks of companies tied to cryptocurrency (CNBC).
- Bitcoin ETF Rush Has Made North America the Dominant Player in the Global Crypto Market, Report Says: The influx of Bitcoin ETFs has solidified North America’s position as a leading force in the global crypto market (Fortune).
- Bitcoin Has Outperformed the S&P 500 Since September—Here’s Why: Bitcoin has outpaced the S&P 500 since September, buoyed by factors such as ETF hype and regulatory clarity (Investopedia).
- Tesla Moves $765 Million in Bitcoin, Sparking Speculation: Tesla’s recent movement of $765 million in Bitcoin has sparked speculation around the company’s crypto strategy (Yahoo Finance).
- Upgrade Your Bitcoin Hardware Wallet Firmware: Bitcoin users are encouraged to upgrade their hardware wallet firmware to enhance security and functionality (Bitcoin Magazine).
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Questions to Ask Your Payment Processor
Don’t risk partnering with the wrong crypto payments provider. Arm yourself with the right questions to ask when vetting potential partners.
Question #11: Does the company possess a New York BitLicense?
Read the overview here or download our expanded guide of questions to help spot a reliable and trustworthy crypto partner.
MATIC → POL Migration
Polygon is upgrading its native token from MATIC to POL, marking a significant shift toward becoming a multi-chain ecosystem. The POL token will enhance staking and governance capabilities, offering more utility for users. BitPay Wallet and payment experience interfaces now show POL as a supported asset. No immediate action is needed for BitPay users or merchants who have used MATIC on Polygon.
→ Learn more about the migration
Merchant Spotlight: Sell Your Car for Crypto with Vegas Auto Gallery
Looking for luxury? Vegas Auto Gallery has you covered. This high-end dealership in Las Vegas specializes in selling premium vehicles, and now, you can even sell your car and get paid in cryptocurrency. Explore their top-notch inventory today.
→ Check out Vegas Auto Gallery
Word of the Month: Crypto Exchange
In the cryptocurrency world, an exchange is where users buy, sell, or trade crypto assets. There are two main types of exchanges: Centralized (CEX) and Decentralized (DEX). CEXs act as intermediaries, managing transactions and funds, while DEXs allow users to trade directly from their wallets, enhancing privacy and autonomy.
→ Learn more about the exchanges
Travel with Crypto
BitPay Travel is now open to all! In collaboration with Xeni, BitPay Travel allows crypto users to pay for flights, hotels, rental cars, and activities with their cryptocurrency. Book your travel at great prices and pay straight from your cryptocurrency wallet.
Merchant Shoutouts
Check out this month’s merchant shoutouts:
- Shop APMEX’s silver and gold popular categories, including pop culture collectibles. Shop now!
- OneGold gives you direct ownership of vaulted gold, silver, and platinum at an ultra-low cost. Start your free account today.
- Buy a domain name with Namecheap today!
- Ready to start accepting crypto with your Shopify business? Get started today with the BitPay app!
- Instantly deploy high-performance cloud servers, cloud GPUs, bare metal, and cloud storage worldwide with Vultr. New users receive $100 to test their platform.
- Use BrandBucket to name your business.
- Shop US stores and have your items reliably shipped back home with Qwintry
Not a current BitPay merchant?
Get in touch with a BitPay representative today
