Tagged: btc

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 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 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 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 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 22, 2023 @ 12:23 pm By Omar Faridi  |  

BIT Mining Limited (NYSE: BTCM), a technology-driven cryptocurrency mining company, today announced that it has entered into a collaboration with Chain Reaction, a semiconductor company focused on disruptive blockchain and privacy hardware, to produce next-generation systems for bitcoin mining. The systems, expected “to launch later… 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 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 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 @ 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

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 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 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

January 29, 2023 @ 6:00 pm By Omar Faridi  |  

As the “crypto winter” continues to drag on, Bitcoin miners are feeling the effects of the prolonged bear market. Many miners, particularly those operating at a small scale, have been forced to shut down operations due to the lack of profitability. However, for those who… Read More