Tagged: bitcoin

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

May 7, 2023 @ 3:24 pm By JD Alois  |  

Binance, the top crypto exchange in the world, halted Bitcoin transactions temporarily today due to a “congestion issue.” In a Tweet, Binance announced the issue, which was resolved about two hours later. Binance has yet to reveal the issue that caused the interruption. We've temporarily… Read More

May 3, 2023 @ 10:19 am By Omar Faridi  |  

The B.C. Securities Commission recently alleged that a defunct cryptocurrency platform based in Nanaimo on Vancouver Island allegedly carried out a massive securities fraud by intentionally and illegally diverting customer funds to crypto gambling websites. In a notice issued in April 2023, the Commission said… Read More

April 27, 2023 @ 12:35 pm By Omar Faridi  |  

Strike, which claims to be one of the world’s leading digital payments platforms built on Bitcoin’s Lightning Network, announced the expansion of “Send Globally” to Guatemala, bringing its cross-border payment service to Latin America. In 2022, Latin America and the Caribbean “received more than $140… Read More

April 19, 2023 @ 8:00 am By Omar Faridi  |  

Unchained, the financial services platform for bitcoin holders, has announced its $60 million Series B funding round led by Valor Equity Partners. The initial investment round close, “completed on April 11, included participation from existing investors NYDIG, Trammell Venture Partners, Ecliptic Capital, and Highland Capital… Read More

April 18, 2023 @ 10:33 pm By JD Alois  |  

Paxful CEO Ray Youssef has resigned, Tweeting that “the full story shall soon be revealed.” Paxful is a Bitcoin-focused global peer-to-peer platform that aims to change the way money moves, allowing transfers to anyone anywhere.   I resign as @paxful CEO with: ☑️ the wallet… Read More

April 18, 2023 @ 8:13 am By Omar Faridi  |  

Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK) has shared a note on the recent moves and news focused on the Bitcoin and digital assets sector. As mentioned in the update shared with CI, Bitcoin’s (BTC) momentum has “slowed now… Read More

April 13, 2023 @ 12:32 pm By Omar Faridi  |  

The Bitcoin (BTC) price has increased substantially during the first three months of this year. The flagship cryptocurrency is trading at around $30,000 at the time of writing. Although most industry participants are not sure whether we’re entering a bull market, it is clear that… Read More

April 11, 2023 @ 12:20 pm By JD Alois  |  

Bitcoin is pushing above $30,000 for the first time since June 2022. When Bitcoin moves, the crypto masses speculate as to why. The recent rise in value has largely been attributed to the terrible economy, fears within the Banking sector, and BTCs apparent safe haven… Read More

April 4, 2023 @ 12:01 pm By JD Alois  |  

Bitcoin has always been a volatile asset making significant moves in a relatively brief period of time. Currently, Bitcoin experiencing a solid rise in price due in part to the overall market and the current banking crisis. As it stands now, BTC is trading at… Read More

March 29, 2023 @ 8:38 am By Omar Faridi  |  

ZEBEDEE, a payments processor, has announced an overhaul of how users can move money across the world. The upgraded feature for borderless transactions showcases “the power and potential of global, friction-free and currency-agnostic payments and represents a significant improvement and simplification of how anyone can… Read More

March 21, 2023 @ 3:48 pm By JD Alois  |  

While US Secretary of the Treasury Janet Yellen claims the situation is stabilizing – not everyone in the banking sector is as certain.  Typically considered a mundane sector of finance and investing, US banks have tanked as everyone became aware of problematic balance sheets. While… Read More

March 10, 2023 @ 4:57 pm By JD Alois  |  

Today, the Securities and Exchange Commission (SEC) denied once again a request to list and trade shares of the VanEck Bitcoin Trust on the Cboe BZX Exchange. The Commission said that BZX had not demonstrated sufficiently it would protect investors and guard against fraud and… Read More

March 5, 2023 @ 8:05 pm By Omar Faridi  |  

TaxBit, the tax and accounting provider for digital assets, announced it has been selected by Cash App in order “to help provide the necessary crypto tax forms to the 10+ million Cash App users who have bought or held Bitcoin since 2019.” Lindsey Argalas, COO… Read More

March 4, 2023 @ 10:53 am By Omar Faridi  |  

Xapo Bank, a Bitcoin custodian and licensed private bank, has partnered with Lightspark and integrated with the Lightning Network “to enable lightning-fast Bitcoin payments for its customers.” Xapo Bank members “can now instantly pay for small purchases of up to $100 USD at any vendor… Read More

February 27, 2023 @ 11:10 am By JD Alois  |  

In recent weeks, the Securities and Exchange Commission (SEC) has stepped up its enforcement activities in regard to the digital asset ecosystem. In the past, SEC Chairman Gary Gensler has asserted that all digital assets are securities, with the exception of Bitcoin. At one point,… Read More

February 17, 2023 @ 8:34 am By Omar Faridi  |  

DBS reported an 80% year-on-year growth in the number of Bitcoin (BTC) traded on the DBS Digital Exchange (DDEx) in 2022, and “a doubling in the number of BTC custodised with the bank’s digital asset custody solution.” The firm claims these business metrics “underscore the… Read More

February 5, 2023 @ 1:25 pm By Omar Faridi  |  

Cipher Mining (NASDAQ:CIFR), a developer and operator of bitcoin mining data centers,  announced its unaudited production and operations update for January 2023. During the month of January, Cipher continued “to expand operations at Odessa, fund our capital expenditures out of operations and build our bitcoin… Read More

February 4, 2023 @ 4:24 pm By Omar Faridi  |  

Threshold Network, a provider of cryptography services to unlock greater utility of digital assets, announced the launch of tBTC, the industry’s “only” decentralized, permissionless, and scalable Bitcoin-to-Ethereum bridge. The launch will “allow users to wrap their BTC in exchange for tBTC tokens that can be… Read More

February 1, 2023 @ 9:45 pm By Omar Faridi  |  

Strike, which claims to be the world’s “leading” digital payments platform built on Bitcoin’s Lightning Network, announced the expansion of its “Send Globally” product to the Philippines. Send Globally now “enables fast, secure, and low-cost money transfers between the U.S. and the Philippines, revolutionizing traditional… Read More