Hong Kong Free Press Ditches BitPay After Bitcoin Donation Block

Hong Kong Free Press Ditches BitPay After Bitcoin Donation Block
фото показано с : beincrypto.com

2019-10-10 16:48

Following a Twitter tirade against BitPay for its decision to block the donation of cryptocurrencies to the Hong Kong Free Press (HKFP), the crowdfunded media outlet has pivoted to a new cryptocurrency payment processor, BTCPay, as tensions continue to mount in the Special Administrative Region.

It has been a rocky road for the Hong Kong Free Press and its reliance on BitPay to help fund its drive to provide uncensored reports on the happenings in the area. As BeInCrypto previously reported, the association announced some two months ago that it would be accepting donations in cryptocurrency through BitPay but, a month later, things went sour.

A month into their partnership, Tom Grundy, Editor-in-Chief & founder of the Hong Kong Free Press, thanked supporters for their donation of HK$14,817 ($1,888) but also announced that they would be temporarily suspending the donation of Bitcoin to their cause due to BitPay’s refusal to transfer their funds.

BIG THANKS to HKFP's supporters who donated HK$14,817 in Bitcoin since 2015.

However, cryto donations are temporarily suspended as @BitPay has refused to transfer @hongkongfp's donations for 3 weeks without good reason. @spair @BitPaySupport pic.twitter.com/gz6AdozcNe

— Tom Grundy (@tomgrundy) September 11, 2019

This led to the Hong Kong Free Press once again opening its doors on Bitcoin as one of the 12 ways to support them and their drive for the free press in Hong Kong.

Its support page now indicates that donations can be made via the new payments processor, BTCPay.

A Need for Freedom in Hong Kong

Hong Kong has become a hot-spot of tyrannical centralized control in the past few months. As reported by BeInCrypto, protests have been boiling over — leading to civil unrest and even financial concerns with ATMs running out of money.

The area sits on the precipice of a recession, according to news reports, and this is causing an increase in the trading volume of Bitcoin as citizens in Hong Kong clamor to move their money into an asset that is unaffected by this political tension.

Citizens are searching for financial freedom through Bitcoin, all the while the HKFP tries to maintain its press freedom through donations. Its concerns about BitPay blocking the transfer of its donated funds were valid and crucial — as the power of Bitcoin is that it should be uncensored or controlled.

BitPay’s Bad Reputation

BitPay has been through the wringer before — in terms of its centralized control of decentralized Bitcoin funds — as a payments processor.

Previous to the blockade of HKFP’s donations, BeInCrypto reported that the company had also rejected a generous $10,0000 donation to Amazon Watch at the time of the Amazon rainforest fires due to it being ‘too large.

BitPay responded to this issue by saying it needed to readjust the setting in the merchant dashboard. Once doing so, it would have to wait for the new volume to be approved. It was this bureaucratic and conversely-centralized approach from BitPay that caught the ire of many who slated the company online — feeling it was the antithesis of what Bitcoin was and stood for.

Are companies that issue tight controls over the use and application of Bitcoin stifling its true power? Should peer-to-peer usage of Bitcoin be the primary way of using digital currency? What do you think of Bitcoin donations to the Hong Kong Free Press? Let us know in the comments! 

Images courtesy of Twitter.

The post Hong Kong Free Press Ditches BitPay After Bitcoin Donation Block appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Blocknet (BLOCK) на Currencies.ru

$ 0.061991 (+1.38%)
Объем 24H $0
Изменеия 24h: 2.15 %, 7d: 12.58 %
Cегодня L: $0.061991 - H: $0.061991
Капитализация $0 Rank 7385
Цена в час новости $ 1.296 (-95.22%)

hong press kong free block donation bitpay

hong press → Результатов: 45


Crypto Giant Bitfinex Vigorously Disputes ‘Meritless and Mercenary’ Lawsuit

Cryptocurrency exchange Bitfinex announced on Saturday, Oct 5, that it expects to be prosecuted by an unknown party in a ‘meritless and mercenary lawsuit’. The Hong Kong-based exchange which has been embroiled in a number of controversies apparently got wind of a damning report and is looking to quell any negative press ahead of its […] The post Crypto Giant Bitfinex Vigorously Disputes ‘Meritless and Mercenary’ Lawsuit appeared first on CCN.com

2019-10-7 12:38


BitPay criticized for suspending Bitcoin donations to Hong Kong Free Press

BitPay, a Bitcoin payment processor, was criticized by the Hong Kong Free Press for arbitrarily suspending donations to the publication, alleges editor-in-chief Tom Grundy. BitPay suspends donations to Hong Kong Free Press BitPay was accused of suspending donations to the Hong Kong Free Press, said editor-in-chief Tom Grundy, amidst massive city-wide protests and clashes with […] The post BitPay criticized for suspending Bitcoin donations to Hong Kong Free Press appeared first on CryptoSlate.

2019-9-13 09:42


BitPay заблокировал пожертвования для Hong Kong Free Press. Пострадавшие готовы к «публичной войне»

Биткоин-процессинг BitPay попал под очередной шквал критики, на этот раз в связи с блокировкой пожертвований в пользу новостного сайта Hong Kong Free Press (HKFP). Как пояснил основатель HKFP Том Гранди, пожертвования в криптовалюте временно заблокированы, поскольку BitPay уже три недели отказывается обрабатывать соответствующие транзакции.

2019-9-11 13:33


BitPay in troubled waters once again as Hong Kong Free Press alleges suspension of fund transfers without notice

US-based cryptocurrency payment processor, BitPay, has time and again gotten itself into troubled waters over several issues. In what is the latest salvo against the firm, Tom Grundy, Founder and Chief Editor of the media outlet Hong Kong Free Press, has alleged and highlighted BitPay’s incompetency to process funds, specifically donations that it has been […] The post BitPay in troubled waters once again as Hong Kong Free Press alleges suspension of fund transfers without notice appeared first on AMBCrypto.

2019-9-11 13:30


Фото:

OKEx Delists More Than Fifty Underperforming Trading Pairs From Its Platform

The Hong Kong-based cryptocurrency exchange, OKEx, announced on October 25, it will be delisting more than 50 underperforming trading pairs. Delisting Will Only Affect Trading Pairs – Users Can Still Keep Their Assets According to the press release, the exchange plans to remove trading pairs with weak liquidity and trading volume, based on the “OKEx Token […] OKEx Delists More Than Fifty Underperforming Trading Pairs From Its Platform was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-10-30 15:59


GSR Capital Invests in Overstock’s tZERO Startup Worth Up to $404 Million

GSR Capital Injects $270 Million Into tZero, A Blockchain Startup GSR Capital, a Hong Kong based private equity firm injected $270 million on tZero, a startup based on the blockchain technology. A publication in the press indicated that Overstock also established that the private equity firm would inject more outlay of approximately $30 million during […]

2018-8-16 23:20


Blockchain-Based OTC Trading Platform Xtock Announces Alpha Website Launch and Prepares for Global Marketing

Bitcoin Press Release: Blockchain-based OTC market finance platform Xtock has announced its Alpha website launch as the company prepares for global marketing. 10th August, 2018. Hong Kong – Blockchain OTC trading platform ‘Xtock’ has officially announced the launch of its ‘teaser’ website, a first of it’s kinda for the Asian region.

2018-8-11 18:39


Blockchain-based OTC trading platform Xtock Announces Alpha website Launch and Prepares for Global Marketing

Bitcoin Press Release: Blockchain-based OTC market finance platform Xtock has announced its Alpha website launch as the company prepares for global marketing. 4th August, 2018, Hong Kong – Blockchain OTC trading platform ‘Xtock’ has officially announced the launch of it’s ‘teaser’ website, a first of it’s kinda for the Asian region.

2018-8-4 17:13


Фото:

Blockchain Remittance Corridor Opened to Philippines by AlipayHK

Ant Finance, the payment affiliate of Chinese e-commerce giant Alibaba, has launched a blockchain-based cross-border settlement service for consumers. According to a local news report, Ant Finance announced the blockchain remittance service at a press conference in Hong Kong on Monday, saying it will initially be rolled out for consumers sending funds between Hong Kong

2018-6-25 17:03