Bitcoin News Mash-Up: Services Halt; what is PEY; and More


Bitcoin News Mash-Up: Services Halt; what is PEY; and More

Following are the major Bitcoin news of the day Halts Cloud Mining Operations over Weak Bitcoin Value

Bitcoin cloud mining service provider is no longer providing its services, thanks to the constantly falling prices and increasing mining difficulty, which are impacting their and their customers’ revenues. The halt however is temporary, and the company has confirmed to resume if Bitcoin value reaches $320. You can read the whole report here.

Meet PEY: a 3D-Printed Bitcoin Payment Terminal

Innovator and entrepreneur Ricardo Ferrer Rivero recently launched the prototype of a3-D printed bitcoin payment terminal PEY that is aimed towards simplifying cryptocurrency payments. The new model users the iBeacon technology that connects users to the nearest Bitcoin-accepting retailers using a special mobile application. Because the app is directly connected to the terminal, it provides users and merchants a homogenous environment to conduct Bitcoin transactions. The terminal also features QR code, as well as NFC technology. You can read the whole report here.

CoinTerra Sued; Accused of Breach of Contracts

Bitcoin mining hardware manufacturer CoinTerra recently got sued by a Utah-based data center C7. According to the available reports, it is found that the latter was a former partner of CoinTerra and sued them for alleged breach of contract over $1.4 million worth unpaid services. C7 CEO said:

“We had filed suit against them, which is public, for non-payment over 60 days. So, their services were suspended with no attempt to solve that. We went ahead and filed suit for that non-payment, plus the breach of contract for the remaining contract.”

You can read the whole report here.