Tagged: bitcoin

July 4, 2023 @ 6:07 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) stock surged significantly after the Cboe named the cryptocurrency exchange in its recent Bitcoin ETF application. Shares of Coinbase, the largest US-based digital asset exchange, surged 13% yesterday after the exchange operator Cboe stated that it would be working with Coinbase in order… Read More

July 4, 2023 @ 12:17 pm By Omar Faridi  |  

Lux Vending, LLC dba Bitcoin Depot, a U.S.-based Bitcoin ATM operator and fintech company, and GSR II Meteora Acquisition Corp. (NASDAQ: GSRM), a special purpose acquisition company, announced the successful closing of their previously announced business combination. The Business Combination was “approved at a special… Read More

July 1, 2023 @ 11:21 am By Omar Faridi  |  

The team at Nine25 is pleased to announce the ability to purchase Bitcoin via their platform (coming soon). Starting now, Nine25 aims “to establish itself as the most convenient platform for acquiring Bitcoin.” At Nine25, their goal is “to ensure financial independence for everyone.” They… Read More

June 26, 2023 @ 12:56 pm By Omar Faridi  |  

Bitcoin (BTC) has rallied considerably during the past 30 days, but not for reasons that most people would think. The flagship cryptocurrency has surged over 12% since the start of this month. This past Wednesday, the BTC price surpassed $30,000 to notably reach its highest… Read More

June 24, 2023 @ 10:27 am By JD Alois  |  

Volatility Shares Trust has submitted a filing to launch a Bitcoin Exchange Traded Fund (ETF) on the Cboe. According to the document, the Bitcoin ETF utilizes leverage to drive daily returns. The 2x Bitcoin Strategy ETF aims to accomplish the following strategy: “2x Bitcoin Strategy… Read More

June 23, 2023 @ 11:06 am By Omar Faridi  |  

Xapo Bank, a “fully licensed” private bank that combines traditional banking with the utility of Bitcoin and stablecoins, announced that it will begin accepting members across South Asia, including India, “making its full suite of hybrid banking services and the financial opportunities they present accessible… Read More

June 21, 2023 @ 12:36 pm By JD Alois  |  

Bitcoin (BTC) has regained a certain amount of luster in recent days.  In the past 24 hours, Bitcoin has risen from over $27,000 to now topping $30K. Much of this crypto exuberance is due to the announcement that BlackRock had filed to launch a Bitcoin… Read More

June 15, 2023 @ 10:55 pm By Omar Faridi  |  

Strike, the global money app for fast, “safe” payments and bitcoin, announced the expansion of “Send Globally” to Mexico, “bringing its revolutionary payment service to the largest market for remittances from the U.S.” In 2022, Mexico received “a record of $60 billion in remittances from… Read More

June 15, 2023 @ 6:22 pm By JD Alois  |  

BlackRock subsidiary iShares has filed an S-1 registration statement for a Bitcoin-based exchange-traded fund (ETF). The iShares Bitcoin Trust aims to reflect the performance of the price of Bitcoin, similar to the other ETFs that have attempted to do the same. To quote the registration… Read More

June 8, 2023 @ 11:35 am By Omar Faridi  |  

Bitso, the crypto-powered financial services company in Latin America, today made public the progress of its “Proof that Matters” with which it “shows its solvency with cryptographic technology in all Bitcoin and Ether assets held on its platform, through the Zero-Knowledge Proof developed by Proven… Read More

June 6, 2023 @ 2:57 pm By Omar Faridi  |  

Tether, the company operating the fintech platform tether.to that powers the first and most “widely used” stablecoin in the world, announced it “has participated in the first round of a new billion dollar renewable energy initiative in El Salvador.” Following on its mission to invest… Read More

June 5, 2023 @ 8:24 am By Omar Faridi  |  

Xapo Bank, a fully licensed private bank that combines traditional banking with access to Bitcoin and stablecoins, announced an integration with the single euro payments area (SEPA) network, allowing members the seamless movement of funds in Euros (EUR). First introduced in 2008 and comprising 36… Read More

June 3, 2023 @ 9:16 pm By Omar Faridi  |  

Cipher Mining Inc. (NASDAQ:CIFR) has released its unaudited production and operations update for May 2023. Key Highlights for May 2023 are: BTC Mined: 493 BTC Sold: 513 BTC Held: 407 Deployed Mining Rigs” 59,000 Month End Operating Hash Rate: (EH/s) 6.0 During the month of… Read More

May 25, 2023 @ 11:33 am By JD Alois  |  

Yesterday, in a Twitter Spaces interview which was delayed due to overwhelming interest, Florida Governor and candidate for President Ron DeSantis expressed his support for Bitcoin while re-iterating his opposition to central bank digital currency (CBDC). Florida has passed a law that they do not… Read More

May 21, 2023 @ 9:17 pm By Omar Faridi  |  

Strike, the global money app for fast, safe payments and bitcoin, recently announced the global launch of its app in over 65 countries, “expanding access to its revolutionary payments and bitcoin services to nearly 3 billion people worldwide.” Strike’s global money app “leverages the power… Read More

May 18, 2023 @ 8:08 am By JD Alois  |  

Top dollar based stablecoin issuer Tether says it will take its operating profits and purchase Bitcoin. Tether said that it first manages reserves but the purchase of Bitcoin, the worlds most popular crypto, will further strengthen reserves. The purchases of Bitcoin will commence this month… Read More

May 17, 2023 @ 10:20 pm By Omar Faridi  |  

River, a Bitcoin technology and financial services startup, announced a $35 million equity round. This series B funding was led by Kingsway Capital. Other contributors to the investment round “included Peter Thiel, Goldcrest, Cygni, M13, Valor Equity Partners, Esas Ventures, and Alarko Ventures.” River is… Read More

May 10, 2023 @ 8:40 am By Omar Faridi  |  

Xapo Bank, a licensed private bank that aims to combine traditional banking with access to Bitcoin and stablecoins, claims to have become the first bank in the world to integrate Tether (USDT) payment rails. Xapo Bank is regulated and based in Gibraltar. Earlier this year,… Read More

May 9, 2023 @ 10:10 am By JD Alois  |  

The Bitcoin network has endured rising congestion due to several reasons, including a new NFT-like minting protocol. Binance struggled in recent days to process BTC transactions so much that it had to pause these transfers – a surprising move by the world’s largest crypto exchange… Read More

May 8, 2023 @ 9:49 am By JD Alois  |  

Describing it as a learning experience, Binance has announced that all pending Bitcoin transactions have now been processed after a bumpy day when the crypto exchange paused BTX trades. All pending $BTC withdrawal transactions have now been processed. Once again, thank you for your patience… Read More