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Microsoft Bitcoin Announcement

Microsoft No Longer Accepts Bitcoin, Customer Support Confirms

Microsoft No Longer Accepts Bitcoin, Customer Support Confirms

Microsoft No Longer Accepts Bitcoin, Customer Support Confirms Join our community of 10 000 traders on Hacked.com for just $39 per month. On the r/Bitcoin subreddit, its all about Microsoft and Bitcoin, as the tech giant seemingly stopped accepting the flagship cryptocurrency, according to various top threads. One points to Microsoft following Steams footsteps in no longer accepting Bitcoin. The rumor stems from a Bleeping Computer article that claims the software and hardware giant did halt Bitcoin payments. On top of the thread, an r/Bitcoin admin stickied a post stating various users tried to find the Bitcoin payment option, but were unable to. His comment notes he believes its clear that small retail payments dont make economic sense for Bitcoin right now, and that although everything points to the rumor being true, it is still unverified as there was no official statement on Microsofts end. Another top thread on Reddit claims Microsoft does still accept Bitcoin payments, and that shills are just trying to fill the subreddit with fear, uncertainty, and doubt (FUD). Per this thread, Microsoft allows users to add a predetermined amount of dollars to their balance using Bitcoin, so the tech giant does indirectly accept the flagship cryptocurrency. So, which is it? To find out, we at CCN decided to try to make a purchase using Bitcoin. We quickly found out the Bitcoin payment option wasnt there. Refusing to pay with fiat, we contacted customer support. Chatting with Microsofts customer support, we were told the company no longer accepts Bitcoin as a payment option. Notably, the company has seemingly decided to stop accepting the cryptocurrency since July 2017. Give the unsatisfactory answer we were given, we pressed the issue and were connected to a member of the Highe Continue reading >>

Microsoft Flips The Kill Switch On Bitcoin Payments

Microsoft Flips The Kill Switch On Bitcoin Payments

Microsoft Flips the Kill Switch on Bitcoin Payments We have spoken with staff at Microsoft and confirmed that they removed the option to pay using Bitcoin from their platform. Towards the end of 2014, Microsoft introduced Bitcoin as a payment option for Xbox games, Windows apps, and other digital merchandise. Three years later, it has come to regret that decision. Today, the Redmond, Washington-based tech giant no longer accepts the cryptocurrency as tender for its products and services. According to the information that was sent to us, we have just given a certain amount of time to accepting Bitcoin to use for purchases. However, since that time has ended, we are now prioritizing credit cards, debit cards, and PayPal as the main payment instruments, a Microsoft staffer told us. Some press outlets have speculated that circulating rumors implied Bitcoin was removed because of its volatility. However, the response we received seems to indicate this was simply the end of a trial period. Microsoft may have ended the trial period due to Bitcoins excessive volatility and unreasonable transaction fees for the products and services it usually offers, but we have yet to confirm whether this is the case. Neither are we absolutely clear yet on whether the removal is permanent. In the middle of March 2016, Microsoft accidentally announced that it would no longer accept Bitcoin. Over the following days, the company issued an apology and reassured users that it was not getting rid of the payment option just yet. This time, there was no announcement. The option merely ceased to exist without so much as a warning notice. A computer resource site made the discovery, setting the rumor mill in motion. Confirmation came only when we contacted Microsoft for clarification. Steam, on the oth Continue reading >>

Microsoft To Add Extensive Support For Bitcoin, Describes It As Currency

Microsoft To Add Extensive Support For Bitcoin, Describes It As Currency

Microsoft to Add Extensive Support For Bitcoin, Describes it as Currency Microsoft officially announced its plans to add extensive support for bitcoin in the upcoming release of Excel 2017. Microsoft, a technology giant headquartered in Washington, officially announced its plans to add extensive support for Bitcoin in the upcoming release of Excel 2017, which would allow users to calculate, format and analyze Bitcoin on the platform. Martin Butler, account executive at Microsoft, stated: In 2017, Excel will be able to recognize, format, calculate and analyze numbers expressed in Bitcoin currency. The new feature will be available for Excel running under Windows 10, Android, Mac OS and iOS, and will include Excel Mobile versions as well. Atlanta Digital Currency Fund investor and Bitcoin expert Alistair Milne first shared Microsofts Bitcoin integration on social media. The Bitcoin community reacted positively and expressed their enthusiasm towards the companys efforts in leading the mainstream adoption of Bitcoin. Microsoft describes Bitcoin as currency on its official release paper While self-evident to Bitcoin users and enthusiasts, large-scale corporations, government agencies and financial institutions have avoided the term currency in describing Bitcoin over the past few years. As such, most mainstream investors and users referred to Bitcoin as an asset, in spite of the usage of Bitcoin in various regions across the world as the global digital currency. However, throughout 2016, the viewpoint of mainstream media outlets and investors altered greatly, as global economic instability and financial troubles worsened. In some regions such as India, China and Venezuela, users had virtually no other options but to utilize Bitcoin as a store of value due to the demonetizat Continue reading >>

Litecoin Prices Lift Off As Excitement Grows Over New Payment System

Litecoin Prices Lift Off As Excitement Grows Over New Payment System

Litecoin prices lift off as excitement grows over new payment system Litecoin prices surged by more than 30% Wednesday as the hype around the introduction of Litepay gained momentum. Litepay is a new payment system for Litecoin, which will allow businesses to accept Litecoin payments, and offer users the ability to spend dollars anywhere debit cards are accepted, or withdraw cash from any compatible ATM, according to its website . The announcement will bring the fifth biggest cryptocurrency closer to mainstream use. LitePay, Inc. (@LitePayInc) February 13, 2018 The price of Litecoin reached an intraday high of $216 Wednesday, representing a 35% rally. The move has dragged other cryptocurrencies higher with the No.1 digital currency bitcoin BTCUSD, -2.08% trading above $9,200. In the last 24 hours or so weve seen large buying volumes relative to the last few weeks following some positive recent news including Litepay announcing a 2/26 launch, aid Alex Sunnarborg, founding partner of Tetras Capital. Sunnarborg said that the wider crypto positive news, which includes work on Bitcoins Lightning Network has helped the rally in Litecoin prices. In addition to the Litepay news, Microsoft Corp. MSFT, +1.16% announced it would embrace bitcoin and Ethereum to shore up identity and security issues. After examining decentralized storage systems, consensus protocols, blockchains, and a variety of emerging standards we believe blockchain technology and protocols are well suited for enabling decentralized IDs, Microsoft said in its press release . Wednesdays rally in Litecoin has taken its total market cap to $11.8 billion, according to Coinmarketcap.com. Continue reading >>

Iota Price Explodes After Microsoft Partnership Announcement

Iota Price Explodes After Microsoft Partnership Announcement

IOTA Price Explodes After Microsoft Partnership Announcement The IOTA price has surged nearly 600 percent this month on the heels of a flurry of announcements related to the launch of IOTAs much-touted Data Marketplace. One month ago, the IOTA price was valued at just $0.37, but it experienced a steady climb over the course of the next three weeks, eventually reaching parity with the dollar on November 27. The next day, the IOTA price punched through its all-time high, and it has continued to soar from there. 30-Day IOTA Price Chart | Source: CoinMarketCap At present, the IOTA price is trading at a global average of $2.48, which represents a seven-day increase of 164 percent. IOTA now has a market cap of $6.9 billion, ranking it fifth among all cryptocurrencies and less than $3 billion behind fourth-place ripple. Traders Bullish on IOTA Following Microsoft Partnership This weeks surge appears to be linked to the announcement of IOTAs Data Marketplace , a Tangle-based solution built to help monetize data the oil of the Internet of Things (IoT) economy. Revealed on November 28, the Data Marketplace demo will run for two months and will see IOTA partner with a myriad of myriad of corporate heavyweights, including Microsoft, Samsung, Cisco, and Volkswagen. This next generation technology will accelerate the connected, intelligent world and go beyond blockchain that will foster innovation real world solutions, applications and pilots for our customers, said Microsofts Omkar Naik in a statement published on the IOTA Foundation website. The announcement catapulted IOTA trading volume to historic levels. In the past 24 hours, exchanges have processed more than $800 million worth of IOTA trades. Contrasting with many recent altcoin pumps, more than half of that volume is concen Continue reading >>

Decentralized Digital Identities And Blockchain The Future As We See It.

Decentralized Digital Identities And Blockchain The Future As We See It.

in Azure Active Directory , Identity & Access Management , Announcements , Industry Trends , Thought Leadership I hope youll find todays post as interesting as I do. Its a bit of brain candy and outlines an exciting vision for the future of digital identities. Over the last 12 months weve invested in incubating a set of ideas for using Blockchain (and other distributed ledger technologies) to create new types of digital identities, identities designed from the ground up to enhance personal privacy, security and control. Were pretty excited by what weve learned and by the new partnerships weve formed in the process. Today were taking the opportunity to share our thinking and direction with you. This blog is part of a series and follows on Peggy Johnsons blog post announcing that Microsoft has joined the ID2020 initiative . If you havent already Peggys post, I would recommend reading it first. Ive asked Ankur Patel, the PM on my team leading these incubations to kick our discussion on Decentralized Digital Identities off for us. His post focuses on sharing some of the core things weve learned and some of the resulting principles were using to drive our investments in this area going forward. And as always, wed love to hear your thoughts and feedback. Greetings everyone, Im Ankur Patel from Microsofts Identity Division. It is an awesome privilege to have this opportunity to share some of our learnings and future directions based on our efforts to incubate Blockchain/distributed ledger based Decentralized Identities. As many of you experience every day, the world is undergoing a global digital transformation where digital and physical reality are blurring into a single integrated modern way of living. This new world needs a new model for digital identity, one that enhances Continue reading >>

Microsoft Adds 5 Blockchain Partners To Azure And It Still Accepts Bitcoin

Microsoft Adds 5 Blockchain Partners To Azure And It Still Accepts Bitcoin

Microsoft adds 5 blockchain partners to Azure and it still accepts Bitcoin Last month we talked about the decision of Microsoft Corporation to start testing the blockchain technology and to create its own blockchain-as-a-service (BaaS) product. In fact, Microsoft opened its Azure cloud computing platform, adding a growing number of partners to its BaaS solution including ConsenSys , Emercoin and MultiChain . And now Microsoft has announced the addition of five new blockchain partners to its Azure platform, including prediction market Augur and Ethereum network Slock . Some other partners previously announced include Lisk , BitShares , Syscoin , BitPay , Eris Industries and Factom . According to CNBC, Microsoft continues to accept Bitcoin among its allowed methods of payment. On Monday they accidentally announced that it would no longer accept bitcoin, but the company belies this announcement. In fact, Microsoft Corportation still accepts Bitcoin for purchasing contents in the Windows and Xbox stores. We apologize for inaccurate information that was inadvertently posted to a Microsoft site, which is currently being corrected, told a company spokesman to CNBC. Open your free digital wallet here to store your cryptocurrencies in a safe place. Continue reading >>

Microsoft To Embrace Decentralized Identity Systems Built On Bitcoin And Other Blockchains

Microsoft To Embrace Decentralized Identity Systems Built On Bitcoin And Other Blockchains

Microsoft To Embrace Decentralized Identity Systems Built On Bitcoin And Other Blockchains I've been a full-time Bitcoin writer and researcher since early 2014. Opinions expressed by Forbes Contributors are their own. Signage is displayed outside the Microsoft Corp. main campus in Redmond, Washington, U.S., on Tuesday, Dec. 19, 2017. (Ryder/Bloomberg) In a new post today , Microsoft announced their embrace of public blockchains, such as Bitcoin and Ethereum, for use in decentralized identity systems. Initially, the longtime tech giant will support blockchain-based decentralized IDs (DIDs) through the Microsoft Authenticator app. Unlike the forms of identification used in the world today, a decentralized identity system is not controlled by any single, centralized institution such as a government or large tech company. The idea is that a decentralized identity system removes the possibility of censorship and gives an individual full control over their identity and reputation. After looking at various types decentralized identity systems, Microsoft turned to public blockchains due to their ability to enable privacy, self-ownership, and permissionless access. After examining decentralized storage systems, consensus protocols, blockchains, and a variety of emerging standards we believe blockchain technology and protocols are well suited for enabling Decentralized IDs, todays announcement post from Microsoft says. Identity is one of the long-touted use cases of blockchain technology that does not have anything to do with payments or currency. In todays post, Microsoft points to Bitcoin, Ethereum, and Litecoin as three specific platforms that are suitable foundations for DIDs. Dozens of blockchain projects related to identity have popped up over the years, with Blockstack ID Continue reading >>

Microsoft Eyes Role For Bitcoin, Ethereum In Decentralized Id

Microsoft Eyes Role For Bitcoin, Ethereum In Decentralized Id

Microsoft Eyes Role for Bitcoin, Ethereum in Decentralized ID Feb 13, 2018 at 11:15 UTC|UpdatedFeb 13, 2018 at 13:37 UTC Software giant Microsoft has said it sees potential for public blockchains in supporting decentralized identities and will explore the possibilities within its Microsoft Authenticator app. In a blog post released on Feb. 12, Microsoft'sIdentity Division doubled down on its belief that blockchain technology is the right solution to store, maintain, protect and distribute users' identification information in a tamper-proof and decentralized environment. Ankur Patel of Microsoft's Identity Division stated in the post, "Some public blockchains (bitcoin, ethereum, litecoin, to name a select few) provide a solid foundation for rooting DIDs, recording DPKI operations, and anchoring attestations." That said, the company admitted that scaling is a key obstacle before a decentralized ID authentication can be available for millions of users simultaneously. As such, the firm explained that it now eyes on developing additional layers to achieve the scaling goal. "To overcome these technical barriers, we are collaborating on decentralized layer-two protocols that run atop these public blockchains to achieve global scale, while preserving the attributes of a world class DID system," Patel wrote. For now, the firm will "experiment" with decentralized identities by adding support for them into its Microsoft Authenticator app, which is already used by millions worldwide. In what could be seen as a dig at Facebook, which is widely and controversially used across the internet for access to different services and sites, the post said: "Rather than grant broad consent to countless apps and services, and have their identity data spread across numerous providers, individual Continue reading >>

Cryptocurrency Iota Rallies After Launch Of Data Marketplace

Cryptocurrency Iota Rallies After Launch Of Data Marketplace

A digital currency has added more than $12 billion to its market value after the firm behind it said it was teaming up with a number of big tech firms, including Microsoft and Samsung on a "data marketplace." Called IOTA, the cryptocurrency saw a spike on Wednesday, rallying more than 90 percent in the last 24 hours, according to data from industry website Coinmarketcap. Its price soared to an all-time high of $5.55 at 8:27 a.m. London time, almost doubling Tuesday's price of $2.78. It is now the fourth-largest digital asset by market capitalization, dethroning Ripple's XRP. The rally followed an announcement by the IOTA Foundation, a German non-profit firm that oversees the virtual currency, last Tuesday, that it had partnered with the likes of Microsoft, Samsung and Fujitsu on a blockchain-based marketplace that lets them sell data. David Sonstebo, IOTA's co-founder and CEO, said data is "the new oil," and that the marketplace project is letting firms sell data to incentivize them to share this data that would otherwise be wasted. "At present, up to 99 percent of this precious data gathered is lost to the void," he told CNBC in an email. "IOTA incentivize sharing of data through its zero fee transactions and by ensuring data integrity for free on the decentralized distributed ledger." He added that the marketplace is currently a pilot project, and that examples of data being shared included weather and air quality data. Sonstebo said that the cryptocurrency's surge in price was due to its approach to blockchain technology and partnerships with established firms. "IOTA's seemingly 'out of nowhere' explosive growth can be traced back to the fact that it has been somewhat of a sleeping giant," Sonstebo said. Continue reading >>

Microsoft Drops Bitcoin Support [update: Its Back]

Microsoft Drops Bitcoin Support [update: Its Back]

Microsoft drops Bitcoin support [Update: its back] January 8, 2018 By Mark Wycislik-Wilson Microsoft has had something of an on-off relationship with Bitcoin over the years, and once again the Windows-maker has chosen to drop support for the cryptocurrency at least temporarily. It has been reported that Microsoft is uncomfortable with the fluctuating value of Bitcoin, as well as the increased transaction fees. As such, customers will no longer be able to add to their Microsoft account balances using Bitcoin. Bleeping Computer reports that, like Steam just last month , Microsoft no longer allows the cryptocurrency to be used to top up their accounts. The site says : Microsoft has stopped supporting Bitcoin as a payment method for Microsoft products. A Microsoft support staffer has told us the move is temporary and cited the unstable state of the Bitcoin currency. The volatility of Bitcoins value, coupled with the associated transaction fees which skyrocketed from $0.20 to $20 have long stood in the way of the currencys mainstream adoption. The ever-changing value of Bitcoin means that Microsoft and other companies that accept it as a form of payment run the risk of making big losses in the case of a sudden crash. Microsoft has announced that it is now accepting Bitcoin once again after the brief pause. A company spokesperson said: Weve restored Bitcoin as a payment option in our store after working with our provider to ensure lower Bitcoin amounts would be redeemable by customers. Continue reading >>

Iota Drops 15% Following Clarification Of Microsoft Misunderstanding

Iota Drops 15% Following Clarification Of Microsoft Misunderstanding

IOTA Drops 15% Following Clarification of Microsoft Misunderstanding The price of IOTA (MIOTA) drops 15% to below $4.20 as of press time, after reaching an intraday high of $5.03 yesterday The price of cryptocurrency IOTA has retreated to below $4.20 per token as of press time, after breaching the $5 level to an intraday high of $5.03 during yesterdays trading session. The drop follows the recent clarification that IOTAs collaboration with Microsoft is not an official partnership. The so-called IOT cryptocurrency failed to sustain its momentum from earlier this month and has been overtaken by Litecoin , now the fifth largest virtual currency by market capitalization. Litecoin considered the crypto markets silver to Bitcoin Gold , boasts a nearly $4 bln trading volume in the past 24 hours. The digital currency is trading at around $300 as of press time. IOTA, meanwhile, has registered a 10 percent price loss on a trading volume of just slightly below $500 mln over the same period. More than 40 percent of the IOTA transactions were conducted on the platform Bitfinex, which was the first major virtual currency exchange to support the IOT cryptocurrency. The other key IOTA trading platforms are Chinese exchange Binance, which accounted for around 25 percent of the total volume traded, and South Koreas number two cryptocurrency exchange Coinone , which conducted 12-14 percent of the total transactions. The IOT cryptocurrency has also registered a major rally of its own just recently. In just over a week, IOTAs price increased by about 450 percent after the announcement of its Data Marketplace, which misleadingly seemed to indicate a partnership with Microsoft. The reaction to this news resulted in a new record price peak of $5.55 on Dec. 6th. Continue reading >>

Bitcoin: Microsoft Welcomes Back Cryptocurrency After Halt | Fortune

Bitcoin: Microsoft Welcomes Back Cryptocurrency After Halt | Fortune

Microsoft is welcoming Bitcoin back to its Windows and Xbox online stores. The move comes after the technology giant stopped letting customers use Bitcoin as payment for online games and apps earlier this week because of its volatility, tech website Bleeping Computereport said on Monday, citing unnamed sources. Microsoft (msft) has since reversed course and is now once again letting people add Bitcoin to their Microsoft-sanctioned digital wallets that they can then redeem as dollars, the company told Australian news website news.com.au on Wednesday. Weve restored bitcoin as a payment option in our store after working with our provider to ensure lower bitcoin amounts would be redeemable by customers, the spokesperson told the publication. Microsoft first started accepting bitcoin as a payment method in 2014. Fortune contacted Microsoft for more information and will update this story if it responds. Get Data Sheet , Fortunes technology newsletter. Bitcoin has had a wild ride over the past 12 months, surging to record highs one day and then tumbling the next. In mid-December, the cryptocurrency almost hit $20,000 , but just a few days later it dropped over 22% to $15,262. On Wednesday, bitcoin was trading as high as $14,694, according to Coindesk. Microsofts temporary pause on Bitcoin in its online stores follows a similar decision by video gaming service Steam. In December, Steam said it would stop accepting Bitcoin due to its high fees and volatility. However, Steam said its possible that it would accept Bitcoin at a later date. Microsoft confirmed that it has indeed restored bitcoin to its online stores. Continue reading >>

Ripple Sees A New Opportunity After Microsoft Drops Bitcoin As Payment Method

Ripple Sees A New Opportunity After Microsoft Drops Bitcoin As Payment Method

As shown below Microsoft decided to drop Bitcoin as payment method: a good opportunity for Ripple Famous cryptocurrency Bitcoin was accepted as a payment option to buy apps, games and other digital content from Windows, Window Phone, Xbox Games, Xbox Music or Xbox Video Stores on Microsoft Store. Four years ago when Microsoft started to accept BTC, Microsoft VP wrote on official website: if you are a person who uses bitcoin you know its not always easy to find places where you can use the digital currency. That is about to change when it comes to Microsoft content. The use of digital currencies such as bitcoin, while not yet mainstream, is growing beyond the early enthusiasts, said Eric Lockard, Microsofts corporate vice president of Universal Store at Microsoft, posted on the company blog. As seen on the screenshot, Microsoft is not accepting bitcoin payments anymore.they need a solid and reliable company, with short transaction times and low fees. Given the past collaboration between Microsoft and Ripple (at the end of 2015) it is not impossible to think about the integration of XRP, or the use of the technologies developed by Ripple the company in the payment terms of the microsoft services. By giving a chance to bitcoin, Microsoft has amply demonstrated its intention to rely on cryptocurrencies for payments, so why not choose a trusted company and at the forefront of blockchain technology? In this period of important partnerships for the company of San Francisco,and with a prosperous future in front, we will see what will happen in the coming months. Continue reading >>

Microsoft Goes Back And Forth On Bitcoin

Microsoft Goes Back And Forth On Bitcoin

According to multiple reports on the internet, Microsoft has quietly taken down the option that enabled purchases on its online store to be made using bitcoin. According to discussion threads on several cryptocurrency forums, it seems that the move was first publicly noticed around the start of January 2018 without any official statement from the company. When contacted, the Microsoft chat support confirmed the companys decision to no longer accept bitcoin. According to the representative contacted for this article, the companys support team was last updated on December 27, 2017 with no timeline available on when customers would once again be able to use bitcoin or other cryptocurrencies such as Ripple . The support member concluded the conversation with, Rest assured that we will send an email to you once we receive an update on this matter. Since the conversation with BTCManager, Microsoft has just as quietly returned the use of bitcoin as a form of payment. A Microsoft spokeswoman, speaking to news.com.au, confirmed the temporary suspension of payments made using the cryptocurrency while also stating that the company has reinstated the option after reviewing the situation. While not a formal press release, she explained that Microsoft necessitated the move because they were working with [their] provider to ensure lower bitcoin amounts would be redeemable by customers. To be clear, the incident was by no means a pump and dump scheme lanced by the software company. As Bill Gates is reportedly a massive supporter of a decentralized digital currency, we can assume that the issue was entirely technical. Heres how banking is changing for people across the world & why it matters: pic.twitter.com/5IZoqzAD26 Bill Gates (@BillGates) February 3, 2015 Further, these events are Continue reading >>

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