Tagged: bitcoin

May 21, 2024 @ 8:41 am By Omar Faridi  |  

OKX are pleased to announce that they have invested in Bitlayer, which is describe as the first Bitcoin security-equivalent Layer 2 based on BitVM. Bitlayer aims to scale the Bitcoin network’s transaction capability. Advocating for the Taproot and BitVM technologies, Bitlayer has “adopted the Discreet… Read More

May 20, 2024 @ 7:33 am By Omar Faridi  |  

The highly-anticipated fourth Bitcoin halving occurred a little after 8:09 p.m. ET on Friday April 19, 2024. Initially, Bitcoin traded flat in “the immediate aftermath of the halving, holding steady around $63,000, but finished the month at $60,636, a drop of 15% on the closing… Read More

May 14, 2024 @ 2:30 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in Zest Protocol, an on-chain bitcoin lending infrastructure enabling users to lend or borrow native BTC with transparent yields in a permissionless way. Existing solutions have been largely “dependent on centralized entities with… Read More

May 12, 2024 @ 10:03 am By Omar Faridi  |  

Mainstream media headlines this past week read something like “FTX Has Billions More Than Needed to Pay Bankruptcy Victims” and “FTX says most customers of the bankrupt crypto exchange will get all their money back.” However, digital asset investor Anthony Pompliano has explained why this… Read More

May 6, 2024 @ 9:57 am By Omar Faridi  |  

The Bitcoin (BTC) ecosystem recently observed a monumental event in its 15-year history with the eagerly anticipated fourth halving, signaling “a significant shift in the blockchain landscape,” the Compass Mining team noted in their latest analysis. Halvings, occurring roughly every four years, “drastically reduce the… Read More

May 6, 2024 @ 7:51 am By Omar Faridi  |  

Recently, the Depository Trust & Clearing Corporation (DTCC) implemented substantial adjustments to its collateral consideration for bitcoin (or any other cryptocurrency) ETFs, the NYDIG team noted. After the changes, no collateral value “will be given to any bitcoin ETF, giving them a 100% haircut.” The… Read More

May 5, 2024 @ 3:34 pm By Omar Faridi  |  

This past week, Coinbase (NASDAQ:COIN) reported first-quarter revenue which beat analst forecasts, which is mainly attributed to the Bitcoin, Ethereum and wider crypto markets rally leads to surge in profit Coinbase announced better-than-expected revenue for its Q1 2024 earnings report that was released on Thursday… Read More

May 4, 2024 @ 4:07 pm By Omar Faridi  |  

Marathon Digital Holdings, Inc. (NASDAQ: MARA), one of the world’s largest publicly traded Bitcoin miners and a leader in supporting and securing the Bitcoin ecosystem, today published unaudited bitcoin (BTC) production and miner installation updates for April 2024. Fred Thiel, Marathon‘s chairman and CEO said:… Read More

May 2, 2024 @ 4:10 pm By Omar Faridi  |  

Innovation once more appears to be heating up in the digital asset space as old paradigms are set aside and new horizons become realized, the team at Coin Metrics noted. Coin Metrics also mentioned that Bitcoin is evolving “from a specialized chain whose primary purpose… Read More

May 2, 2024 @ 10:50 am By JD Alois  |  

XLink has partnered with Cobo and Coincover to reduce risk in the digital asset sector. XLink, a subsidiary of ALEX, is a DeFi platform on Bitcoin. According to a statement from the firm, approximately $336 million in crypto was lost to  scams in the first… Read More

May 2, 2024 @ 8:37 am By Omar Faridi  |  

Riot Platforms, Inc. (NASDAQ: RIOT), an industry participant focused on vertically integrated Bitcoin mining, reported financial results for the three-month period ended March 31, 2024. Jason Les, CEO of Riot, said: “I am excited to present results for Riot for the first quarter of 2024,… Read More

May 1, 2024 @ 9:47 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) is rolling out support for the Lightning Network enabling instant, low-cost bitcoin transfers. Users will have the option to choose between using Lightning for faster and cheaper bitcoin transactions, or processing their transaction on the traditional Bitcoin network. This integration furthers their mission… Read More

April 30, 2024 @ 3:46 pm By JD Alois  |  

Roger Ver, aka Bitcoin Jesus, has been charged with tax fraud. According to a statement by the US Department of Justice, Ver was arrested this weekend in Spain. He has been charged with mail fraud, tax evasion and filing false tax returns. Ver had acquired… Read More

April 30, 2024 @ 8:38 am By Omar Faridi  |  

MicroStrategy Incorporated (Nasdaq: MSTR), which claims to be the largest corporate holder of bitcoin and the largest independent publicly-traded business intelligence company, announced financial results for the three-month period ended March 31, 2024 (the first quarter of its 2024 fiscal year). While Bitcoin is off… Read More

April 29, 2024 @ 7:40 am By Omar Faridi  |  

Bitcoin’s fixed and programmatic supply function is on display as Bitcoin experienced its fourth halving last Friday evening, the team at NYDIG noted. As noted in the report from NYDIG, fees jump following the Bitcoin halving event, albeit temporarily, as Runes “makes its debut, breaking… Read More

April 28, 2024 @ 4:30 pm By Omar Faridi  |  

Cboe Global Markets, Inc. (Cboe: CBOE), the derivatives and securities exchange network, announced plans to refocus its digital asset business to leverage its core strengths in derivatives, technology and product innovation while realizing operating efficiencies for both Cboe and its clients. These changes are being… Read More

April 27, 2024 @ 5:03 pm By Omar Faridi  |  

Digital asset firm Gemini notes in its Weekly Market Update that Bitcoin miners are seeing rewards cut following the halving event. However, there are some positive indicators in terms of the supply of Bitcoin and its relationship to the availability of gold in global markets…. Read More

April 27, 2024 @ 4:43 pm By Omar Faridi  |  

Custodia Bank, a financial services provider that’s focused on the Bitcoin (BTC) and digital assets ecosystem, has shared a key update. Unlike other Bitcoin custodians, Custodia Bank notes that it “uses a segregated custody model that allows you to validate your address balances on-chain.” As… Read More

April 26, 2024 @ 8:54 am By Omar Faridi  |  

Marathon Digital Holdings, Inc. (NASDAQ:MARA), which claims to be one of the world’s largest publicly traded Bitcoin miners and a firm focused on supporting and securing the Bitcoin ecosystem, announced that the company is “increasing its hash rate target for fiscal year 2024 from 35-37… Read More

April 25, 2024 @ 7:21 am By Omar Faridi  |  

Keonne Rodriguez and William Lonergan Hill are charged with operating Samourai Wallet, an unlicensed money transmitting business that reportedly executed over $2 billion in unlawful transactions and allegedly “laundered over $100 million in criminal proceeds.” Damian Williams, the United States Attorney for the Southern District… Read More