Tagged: bitcoin

Bitcoin (BTC) Lightning Network Developer Lightning Labs Secures $10 Million in Investments from Craft Ventures, Ribbit Capital, Others

Lightning Labs, a company focused on the development of the Lightning Network (LN), a second-layer scalability solution for expediting small Bitcoin (BTC) payments, has reportedly  finalized a $10 million Series A investment round – which was led by Craft Ventures. Ribbit Capital, RRE Ventures, Slow… Read More

Biz Stone-Backed Fintech Mode Launches Bitcoin Banking Mobile App

Mode, a financial services firm backed by Twitter co-founder Biz Stone and is owned by the R8 Group, has reportedly launched its Bitcoin banking mobile app. Cointelegraph reported that the UK startup has made its mobile app available globally, except in the U.S. Customers outside… Read More

Leading Digital Asset Custodian BitGo Partners with SettleBit to Allow Institutions to Trade Directly from their BitGo Accounts

BitGo, a leading digital asset custodian which holds $2 billion worth of cryptocurrency on behalf of its clients, has teamed up with SettleBit, a financial services provider, in order to allow institutions to conduct trades directly from their BitGo accounts. Established in 2013, BitGo provides… Read More

BitPay CEO Stephen Pair Confirms Giant Crypto Payments Processor to Add Support for More Digital Assets

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Stephen Pair, CEO at BitPay, a leading cryptocurrency payments processor, recently revealed that the platform will begin supporting additional digital assets. Pai confirmed that BitPay was also looking into integrating the Lighting Network (LN), a protocol for a layer-two payments network aimed at expediting Bitcoin… Read More

bitFlyer is Now Offering US Residents a Zero-Fee Option to Buy Bitcoin (BTC) with US Dollar

US residents now have another zero-fee option to purchase Bitcoin (BTC) using the US dollar. On January 30, 2020, Tokyo-headquartered digital asset exchange bitFlyer introduced its commission-free service for the BTC/USD trading pair to its US-based clients. bitFlyer’s zero-fee feature is currently only being offered… Read More

Open Interest on ICE’s Bakkt Hits All-Time High as Bitcoin (BTC) Future Traders Continue to Bet on Leading Cryptocurrency

As Bitcoin (BTC), the flagship cryptocurrency, closed out January 2020 with its strongest performance in the past seven years, open interest on Bakkt surged to yet another all-time high on January 31 for physically-settled BTC futures contracts. Meanwhile, institutional traders on the CME Group prepared… Read More

CFTC Chairman Heath P. Tarbert Wants US to Take the Lead in Adopting Cryptocurrencies and Blockchain Technology

Dr. Heath P. Tarbert, chairman and chief executive at the US Commodity Futures Trading Commission (CFTC), recently stated that he would like to see the United States lead the charge when it comes to adopting digital currencies and blockchain or distributed ledger technology (DLT). During… Read More

Bitcoin IRA Milestone: Surpasses $400 Million in Cryptocurrency Transactions

Bitcoin IRA, a company that allows individuals to invest in cryptocurrency in an IRS-approved retirement account, announced on Tuesday it has surpassed $400 million in cryptocurrency transactions. Founded in 2016, Bitcoin IRA claims to be the world’s first, largest, and most secure digital asset IRA… Read More

Bakkt’s New Consumer App will Look Like Traditional Fintech Apps, Will Support All Digital Assets, Not Just Crypto

Adam White, president at Bakkt, recently shared some details regarding a major development currently underway at the Intercontinental Exchange (ICE)-owned digital assets trading desk while attending a conference at Davos. White noted during a panel discussion held at the World Economic Forum (WEF) in Davos,… Read More

Grayscale Bitcoin Trust Becomes an SEC Reporting Company

Grayscale Investments has announced that the world’s largest digital currency asset manager Grayscale Bitcoin Trust has become an SEC reporting company following the approval of a filing with the SEC. Grayscale notes that this is the first-ever digital currency investment product to become a reporting… Read More

UK-based Fintech Zeux Introduces Savings-like Account Offering 5% Interest Rate, Supports BTC and ETH

UK-based Fintech Zeux has introduced a safe, Easy Access Money Pot, which is a mobile-based platform that awards app users 5% interest (at the annual equivalent rate or AER). The Easy Access Money Pot, which aims to be an alternative to traditional savings accounts, has… Read More

Open Interest for CME Group’s Bitcoin (BTC) Futures Approaching All-Time Highs, Reaches 5,328 Contracts Valued at $237 Million

Bitcoin (BTC) derivatives trading volumes are again approaching record-level highs this month as open interest keeps increasing. CME Group Inc (Chicago Mercantile Exchange & Chicago Board of Trade) data reveals that as of January 16, 2020, open interest for the exchange’s futures products reached 5,328… Read More

Grayscale Records “Most Significant Asset Raising Year” with Total Investments Valued at $607.7 Million for FY 2019

Grayscale Investments, a subsidiary of the Digital Currency Group (DCG) and the largest institutional holder of Bitcoin (BTC), has published its Digital Asset Investment Report, which highlights the firm’s record-setting investment activity from last year. The report also includes important information about Grayscale’s activity during… Read More

Alex Wang: Ember Fund CEO Explains how his Company Intends to Make Cryptocurrency Investment Opportunities More Accessible

Ember Fund is a company that aims to fundamentally change the way people make investments in digital assets. The firm has created a technology solution that allows people to easily buy into a managed portfolio of digital currencies. The Ember Fund team intends to bring… Read More

Report: Layoffs at Cryptomining Giant Bitmain as Company Anticipates Possible Revenue Squeeze from Upcoming Bitcoin “Halving”

Bitmain, one of the world’s largest manufacturers of cryptocurrency mining hardware, says it is reducing staff in order to head off a revenue squeeze that could occur when Bitcoin “halves” in May, Sina reports. Although, “the company is now operating normally and the cash flow… Read More

Burger King Venezuela Set to Accept Bitcoin Payments in 40 Restaurant Locations

Burger King in Venezuela will soon be allowing Bitcoin as a form of payment. According to Cointelegraph, a single Burger King branch, which is located in the Sambil area of Caracas, now accepts Bitcoin as well as altcoins Ether (ETH), Litecoin (LTC), Binance Coin (BNB),… Read More

Malta-based Digital Asset Exchange Binance to Support Euro Trading Against BTC, ETH, XRP, BNB

Malta-based digital asset exchange Binance has announced that it will be supporting euro (EUR) trading against six major cryptocurrencies, as part of the global platform’s latest fiat-focused expansion. According to Binance’s latest blog post, the exchange enabled trading for EUR pairs at 8am on January… Read More

LendingTree Chief Economist: Bitcoin a “Scam” and “Pyramid Scheme”

LendingTree Chief Economist Tendayi Kapfidze told reporters at Yahoo Finance January 1st that Bitcoin is “a pyramid scheme” and a scam with no particular utility. Kapfidze made the comments just after co-panelist Oliver Pursche, Chief Market Strategist at Bruderman Asset Management, described his own cryptocurrency investments and… Read More

American Cancer Society Partners With BitPay to Accept Bitcoin Donations

Non-profit cancer research organization American Cancer Society is now accepting bitcoin donations through its collaboration with global blockchain payments provider BitPay. According to Coindesk, BitPay has handled more than $50 million in donations since 2017 for various organizations, including American Red Cross, BitGive Foundation, United… Read More

Top China Cryptocurrency and Blockchain Headlines of 2019

For many reasons, China is regarded as one of the world’s make-or-break regions when it comes to the fate of “blockchain” technology and cryptocurrencies. Before Bitcoin trading was officially banned in China in late 2016, yuan-to-Bitcoin conversions (and vice versa) seemed to account for more… Read More

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