Tagged: bitcoin

Paul Tudor Jones Buys Bitcoin as an Inflation Hedge. Should You?

It has been widely reported that Paul Tudor Jones is buying Bitcoin as a hedge against inflation apparently picking crypto over the more plebian gold. Jones is a well-known investor and hedge fund manager Tudor Management Corporation that is worth a reported $5 billion or… Read More

Bitcoin Rewards Company Lolli Secures $3 Million Through Seed II Funding Round Led By Pathfinder

Lolli, a U.S.-based bitcoin rewards platform, announced on Monday it secured $3 million through its Seed II funding round, which was led by Pathfinder, with participation from beauty entrepreneur Michelle Phan, Sound Ventures, Craft Ventures, Company Ventures, Adam Leber, Abe Burns, and Chapter One Ventures…. Read More

$5 Million Santander Bank Robbery Thwarted in Brazil, as Perpetrators Caught Trying to Convert Funds to Bitcoin

A potential $5 million online heist in Brazil had attempted to target Spanish financial giant, Banco Santander, however, it was reportedly stopped after the money was seized from local over-the-counter (OTC) digital currency exchanges. The alleged thieves had tried to convert the stolen money into… Read More

Riot Blockchain, a US-based Cryptocurrency Mining Firm, Plans to Almost Double its Hashrate Following Bitcoin (BTC) Halving

  US-headquartered cryptocurrency mining firm, Riot Blockchain (NASDAQ: RIOT), recently revealed that it has more than doubled the number of high-end Bitcoin (BTC) miners it operates – which should roughly double its hashrate (amount of computing power) at around the time of the BTC halving…. Read More

Deep Dive: Is the Upcoming Bitcoin (BTC) Halving Priced In?

The Bitcoin (BTC) halving event, when the pseudonymous cryptocurrency’s supply will be cut in half, is approaching. It should take place on May 11, 2020, which is when 210,000 blocks of BTC transactions will have been processed since the last halving event that took place… Read More

Hong Kong’s Bixin Global, a Cryptocurrency-focused Firm, Introduces $65 Million Bitcoin (BTC) Fund of Funds

Hong Kong-based Bixin Global, a cryptocurrency-focused company, has introduced what it calls a “fund of funds” (FOF), which has been financed with 6,600 Bitcoin (BTC), an amount valued at more than $65 million at the time of writing. As mentioned in a May 8, 2020,… Read More

Payments Company Square Generated $306 Million in Bitcoin (BTC) Revenue During Q1 2020

Payments company Square (NYSE:SQ) revealed on May 6, 2020 that it generated $306 million in Bitcoin (BTC) revenue during Q1 2020. Square noted in its latest earnings release to investors: “Bitcoin revenue generated gross profit of $7 million in the first quarter of 2020.”  The… Read More

Bitcoin (BTC) Remains a Widely-Used Cryptocurrency for Dark Web Transactions, a New Report Claims

A recent report from Rand (Research And Development) Corporation, an American non-profit global policy think tank that’s funded by the US government (and private endowment corporations, universities, and private individuals), claims that Bitcoin (BTC), the flagship cryptocurrency, is being used to carry out a relatively… Read More

Chinese Authorities Continue to Recognize Bitcoin (BTC) as A Digital Asset Entitled to Protection Under the Law in Latest Court Case

The Shanghai No. 1 Intermediate People’s Court made a public announcement on May 6, 2020, about an appeal involving a Bitcoin (BTC) foreign property damage compensation dispute. The second Court trial’s investigation into the matter confirmed that Bitcoin may be considered a digital asset. Therefore,… Read More

Ray Youssef: CEO and Co-founder at Paxful Explains How Company’s Global Bitcoin (BTC) Marketplace Is Enabling Greater Financial Inclusion

Ray Youssef, CEO and co-founder at Paxful, a leading peer to peer (P2P) Bitcoin (BTC) marketplace, recently shared his views and insights with Crowdfund Insider. Paxful says it’s on a mission to support “social justice through financial freedom worldwide.” The company offers a platform with… Read More

Maker (MKR) Governance Token Holders Approve Adding Wrapped Bitcoin (BTC) as Acceptable Collateral Type for MakerDAO

Maker (MKR) governance token holders have decided (through community voting) to approve a proposal which recommends adding Wrapped Bitcoin (WBTC), an Ethereum-based token backed 1-to-1 by Bitcoin (BTC), as the decentralized finance (DeFi) protocol’s (MakerDAO) newest collateral type. WBTC is an ERC-20 compliant token that… Read More

Ethereum Adoption: ETH Transactions via Decentralized Exchanges Growing Rapidly, Many Investors are Now Long-term Ether Holders, Data Suggests

The total volume of Ether (ETH) transactions performed via decentralized or non-custodial cryptocurrency exchanges (DEXs) reached approximately $2 billion (in total) for the first four months of this year. It appears that traders have recently begun to increasingly use DEXs to trade ETH this year,… Read More

Bitcoin Bull Run. Is the Halving and Massive Government Stimulus Fueling Bitcoin’s Rise?

May is here meaning spring is emerging for parts of the world. For all of the world, it also means that Bitcoin is on the cusp of the next Halving (or the Halvening). The Bitcoin Halving takes place every four years. This is when the… Read More

Genesis Capital Publishes Q1 Report on Digital Asset Lending, Adds More than $2 Billion in Originations, Addresses March “Great Deleveraging”

Genesis Capital, an institutional digital asset lending platform, has published a report on Q1 performance. Genesis Capital is part of a group of companies that include Genesis Trading and Grayscale Investments. According to the report, Genesis Capital had a big month doubling originations to $2… Read More

Blockchain Firm Bison Trails Adds Support for Keep Network, a Privacy Protection Layer for Ethereum (ETH)

Bison Trails, a blockchain “infrastructure-as-a-service” company, recently confirmed that it has added support for Keep Network, which serves as a privacy protection layer for Ethereum (ETH). Keep Network aims to address the challenges involved with allowing private and secure data to be used on a… Read More

Report Calls Cryptocurrency Derivative Trading Gambling Due to High Leverage

  A report conducted by crypto research firm Diar calls crypto trading on derivative exchanges “more akin to gambling than sustainable trading strategies.” Ironically, the report was paid for by crypto derivatives exchange ZUBR. The report states that Bitcoin liquidations on popular derivatives exchanges have… Read More

Ethereum-based tBTC, which is Pegged to Bitcoin (BTC), Is Preparing for Public Launch with Help from MakerDAO, Others

thought-catalog unsplash Bitcoin Ethereum Cryptocurrency

tBTC, an Ethereum (ETH)-based token that’s pegged to Bitcoin (BTC), the flagship cryptocurrency, is preparing for its public launch. During the course of the next two weeks, the tBTC project is planning to introduce its technical infrastructure with the help of more than 40 digital… Read More

The Bitcoin Association, which Supports Bitcoin SV, Claims that its Crypto Network can Handle as Many Transactions as VISA

The Bitcoin Association, which is focused on the development and promotion of Bitcoin “Satoshi Vision” (SV) (a controversial Bitcoin Cash (BCH) fork whose developers and community claim that their project is the “real” Bitcoin or how its creator, Satoshi Nakamoto, intended it to be), claims… Read More

Binance Makes Mining Easy with New Mining Pool Option

Crypto exchange Binance has launched “Binance Pool,” a mining platform that is described as being dedicated to the development of the global crypto mining industry and empowering miners. Binance Pool is integrated into the growing Binance ecosystem, allowing users access to its suite of derivatives products… Read More

European Bitcoin (BTC) Savings Service Bittr Forced to Shut Down Due to Extensive and Costly AMLD5 Regulatory Requirments

Netherlands-based Bittr, a Bitcoin (BTC) savings service, is reportedly closing down its business. Ruben Waterman, the company’s founder, said that newly-enforced financial regulations were the main reason why Bittr decided to shut down its services. The AMLD5 became effective July 9, 2018, and required the… Read More

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