Tagged: bitcoin

July 5, 2020 @ 12:30 pm By Omar Faridi  |  

Millennials, who are people born in the early 80s to the mid-90s, have increasingly been adopting smartphone-based Fintech apps offered by Robinhood and innovative digital banks like Revolut. In addition to more actively managing their finances through the latest technology when compared to older generations,… Read More

July 4, 2020 @ 3:34 pm By Omar Faridi  |  

LocalBitcoins, a leading peer to peer (P2P) Bitcoin (BTC) exchange, reported its financial results on July 1, 2020 for last year (2019). The P2P crypto exchange company recorded an annual revenue of €26.2 million (appr. $29.46 million), which represents a significant 10% increase when compared… Read More

July 3, 2020 @ 8:07 am By Omar Faridi  |  

A criminal court in Russia has reportedly rejected a motion to offer restitution to a victim after they lost around 100 Bitcoin (BTC), an amount currently valued at around $910,000. In 2018, two Russian men impersonating the country’s Federal Security Service (FSB) agents had allegedly… Read More

July 2, 2020 @ 2:46 pm By Samantha Hurst  |  

Simplex, an EU-licensed financial institution that provides the fiat infrastructure for the cryptocurrency industry, announced on Thursday it has added support for Bitcoin SV (BSV) to its global networks. Simplex reported that it enables merchants worldwide to accept a variety of payment methods for the purchase… Read More

June 30, 2020 @ 4:17 pm By Omar Faridi  |  

Feyyaz Alingan, the Founder of Blue Alpine Research, a Switzerland-based research firm focused on digital assets, has pointed out several “alternatives” to Bitcoin (BTC). Alingan, an electrical engineering graduate from ETH Zürich, says that Ethereum (ETH) may be considered a Bitcoin alternative. He notes that Ethereum’s… Read More

June 29, 2020 @ 8:49 pm By Omar Faridi  |  

Bitcoin and distributed systems expert Andreas Antonopoulos recently acknowledged that decentralized finance (DeFi) platforms allow users to earn passively by using their cryptocurrency holdings. Antonopoulos, who mainly supports developments related to the Bitcoin (BTC) protocol, argued that DeFi is one of the few ways to… Read More

June 29, 2020 @ 10:47 am By Omar Faridi  |  

The Hong Kong operated Bitcoin Mercantile Exchange (BitMEX), the world’s largest cryptocurrency derivatives trading platform, is introducing a program that will reportedly offer special benefits to corporate clients – which may include improved security and accounting services. As mentioned on BitMEX’s website: “The BitMEX Corporate… Read More

June 28, 2020 @ 3:18 pm By Omar Faridi  |  

Paxful, a leading and fast-growing peer to peer (P2P) Bitcoin marketplace, recently overtook  LocalBitcoins in weekly global BTC trading volume. Paxful users reportedly traded almost $39.8 million worth of Bitcoin (globally) during the week that ended June 6, 2020. Meanwhile, LocalBitcoins reported around $39.5 million… Read More

June 28, 2020 @ 12:31 pm By Omar Faridi  |  

Core Scientific, a US-based blockchain hosting provider, has teamed up with Bitmain Technologies Inc., a leading Bitcoin (BTC) mining equipment manufacturer, in order to facilitate the purchase of 17,595 units of cryptocurrency mining machines “on behalf of its growing list of hosting clients” and other… Read More

June 26, 2020 @ 1:58 pm By Omar Faridi  |  

Grayscale Investments, a subsidiary of the Barry Silbert’s Digital Currency Group, has now acquired nearly $500 million in Bitcoin (BTC), since the cryptocurrency went through its third block reward halving on May 11, 2020 – a critical even that effectively reduced the BTC supply by… Read More

June 21, 2020 @ 1:25 pm By Omar Faridi  |  

Technological advancements, money and payment systems have been closely linked from the earliest days of society and human civilization. However, technology is now transforming money and global payment platforms “to an extent and speed never before seen,” according to recent paper titled, “After Libra, Digital… Read More

June 21, 2020 @ 12:23 pm By Omar Faridi  |  

  Blockchain analysis is quite useful when conducting investigations into cryptocurrency-related transactions. It has also become essential when determining whether digital asset service providers are complying with application regulatory and compliance guidelines. Blockchain security and analysis firm Chainalysis says that it uses special software tools… Read More

June 20, 2020 @ 4:42 pm By Omar Faridi  |  

Eight tech firms in developing and emerging world economies will reportedly receive investments from the United Nations Children’s Fund (UNICEF), in order to “solve local and global challenges.” The fund now includes cryptocurrencies. In October 2019, UNICEF created a crypto-asset fund in order to receive,… Read More

June 19, 2020 @ 4:52 pm By Omar Faridi  |  

  HDR Global, the parent company of BitMEX, a leading cryptocurrency derivatives exchange, has awarded another $150,000 grant to Bitcoin (BTC) Core developer Amiti Uttarwar. Digital asset exchange OKCoin also made a 50% contribution to the Bitcoin development grant. Uttarwar previously worked as an engineer… Read More

June 17, 2020 @ 9:00 am By JD Alois  |  

River Financial, a financial service firm focused on Bitcoin investing, has closed on a sizeable $5.7 million seed round, according to a note from the company. Big name investors in the blockchain sector participated in the round, including Polychain Capital, Slow Ventures, Castle Island Ventures,… Read More

June 16, 2020 @ 9:58 pm By Omar Faridi  |  

Michael Haley, the product manager and client services specialist at Casa, a company focused on developing security and custody solutions for Bitcoin (BTC), confirms that the company received an investment from Mantis VC, the VC division of The Chainsmokers. The funds will be used to… Read More

June 16, 2020 @ 9:28 am By Samantha Hurst  |  

Digital assets exchange OKEx announced on Monday it has formed a strategic partnership with peer-to-peer Bitcoin marketplace, Paxful. Through the partnership, the Paxful Kiosk will notably be integrated directly within the OKEx platform to allow new and existing users to benefit from a variety of… Read More

June 15, 2020 @ 11:45 pm By Omar Faridi  |  

The number of Bitcoin addresses holding at least 0.1 BTC has again hit a new all-time high. Glassnode data reveals that there are now 3,054,282 Bitcoin addresses holding 0.1 BTC, valued at around $950 at current rates. As previously reported, the last all-time high was… Read More

June 14, 2020 @ 10:25 pm By Omar Faridi  |  

Henri Arslanian, the Global Crypto Leader at PricewaterhouseCoopers (PwC), notes that many analysts have been attempting to predict the Bitcoin (BTC) price. This, after we’ve seen record leves of quantitative easing from reserve banks across the world, increased retail adoption of digital currencies and platforms,… Read More

June 14, 2020 @ 8:17 pm By Omar Faridi  |  

Theo Turner, a blockchain and AI developer at Outlier Ventures, a VC and private equity firm that advises, invests, and supports the development of technologies for an “open data economy,” recently published an analysis covering major blockchain projects. The complete research methodology, data sources used,… Read More