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Microstrategy Completes $650 Million Capital Raise to Fund More Bitcoin Purchases
12.12.2020
Microstrategy Inc. has raised $650 million from the sale of convertible senior notes so that it could buy more bitcoin. In a note to investors on Dec. 11, the business intelligence and mobile software firm said it completed the sale of $650 million in convertible bonds to private investors at 0.75%...
Business Giants Invest USD 60m in Blockchain-powered Payment Firm Chai
11.12.2020
Screenshots of the Chai app. A group of South Korean and Japanese business giants including Hanhwa Investment & Securities, SoftBank and SK have joined more established blockchain investors to complete a Series B investment round worth over USD 60m in South Korean firm Chai, the provider of...
Study: Over 13% of All Proceeds of Crimes in Bitcoin Passed Through Privacy Wallets in 2020
10.12.2020
According to a study published by the blockchain analysis firm Elliptic, over 13% of all proceeds of crime in bitcoin (BTC) were laundered via privacy wallets in 2020, up from 2% from the figures posted in 2019. 13% of All Proceeds of Crimes Leveraging BTC Were Laundered Via Privacy Wallets Dr....
EU firm’s head trader explains why euro stablecoins are hard to come by
10.12.2020
The crypto world does not have a major euro-pegged stablecoin yet
Fidelity Digital to Accept Bitcoin as Collateral for Cash Loans
10.12.2020
Fidelity Digital says it will allow institutional customers to pledge bitcoin as collateral against cash loans in partnership with Blockfi. The firm’s decision helps bitcoin investors turn their digital holdings into cash without selling. Fidelity’s targeted clients include hedge funds...
Canadian Crypto Company Increases Its Bitcoin Treasury Holdings to $3.6 Million
10.12.2020
BIGG Digital Assets, a Canadian crypto company, revealed this week that it bought 40 additional bitcoins for long-term treasury holding. The purchase increased BIGG’s reserves to 189.5 bitcoins valued at US$3.63 million in total. The Canadian Securities Exchange-listed firm spent about CAD$1...
Standard Chartered to Launch Crypto Custody Service for Institutional Investors Next Year
10.12.2020
SC Ventures, the innovation and ventures unit of Standard Chartered, will launch a crypto custody service targeting institutional investors in London next year. According to a Dec. 9 press statement, the British bank is partnering with U.S. wealth and asset management firm Northern Trust for...
Marathon Purchases 10,000 Bitcoin Miners, Machines Will Max Out 100 Megawatt Montana Facility
10.12.2020
On December 9, the Nasdaq-listed cryptocurrency mining company, Marathon Patent Group, announced the firm is purchasing 10,000 Antminer S-19j Pro units from the Chinese mining manufacturer Bitmain. According to Marathon, after the acquisition of next-generation bitcoin miners, the company will have...
Paxos Becomes Latest Crypto Firm to File for Federal Bank Charter
9.12.2020
Stablecoin issuer and crypto services firm Paxos has filed to become a federally-regulated bank in the U.S. According to a public document released Wednesday and dated Dec. 8, Paxos is seeking to create the Paxos National Trust, filing an application with the Office of the Comptroller of...
Illegal Bitcoin use is down, but privacy wallet laundering is up, says analytics firm
9.12.2020
2020 has apparently been the year of privacy wallets, as more exchanges onboard KYC requirements
South Korean Authorities Formally File Fraud Charges Against Coinbit’s Executives
8.12.2020
In South Korea, authorities have formally pressed fraud charges against the chairman of a major crypto exchange in the country, Coinbit, plus two unnamed executives of the firm. They are suspected of price manipulation. Coinbit’s Executives Formally Charged by South Korean Authorities...
Fraudulent Crypto Browser Extension Redirects to a Fake Metamask Domain
6.12.2020
A crypto intelligence firm has raised red flags about an increasing flow of comments in the crypto community about an ongoing phishing campaign, which is stealing funds from people who install a malicious browser extension. Chrome Browser Extension Is Redirecting Crypto Users to a Fake Metamask...
Black Shadow Hackers Demand 200 BTC Ransom from Israeli Insurance Giant Shirbit
6.12.2020
One of the largest insurance companies in Israel has been hit by a ransomware attack, and the threat actors started to release sensitive data, as the firm doesn’t pay the requested ransom in bitcoin (BTC). Israel-Based Shirbit Still Refuses to Pay $3.8 Million Ransom According to...
Argo Reports 23% Monthly Revenue Increase, With 2,369 Bitcoin Mined Since January
4.12.2020
Bitcoin miner Argo Blockchain reported Thursday that revenue climbed 23% to £1.48 million ($1.98 million) in November compared to £1.2 million ($1.6 million) the previous month. ● The London Stock Exchange-listed firm mined less bitcoin (BTC) in November (115 BTC) than it did...
Equity Strategist Says Crypto Has a Place in Portfolios, Bitcoin Price to Reach $50,000 in 2021
4.12.2020
An equity and derivatives strategist with a global financial services firm specializing in institutional trading believes that bitcoin has a place in investment portfolios. He has a price target for bitcoin of $50,000 in 2021. Bitcoin Has a Place in Investors’ Portfolios BTIG is a global...
Hong Kong OTC trading firm acquires OMG Network
4.12.2020
Second-layer Ethereum scaling solution OMG Network has been acquired by Hong Kong-based OTC trading firm, Genesis Block
Swiss Firm Launches ‘No-Fee’ Bitcoin Exchange-Traded Product on Nordic Growth Market
3.12.2020
Swiss-based Valour says its bitcoin ETP is the first with no fees
Alliance Bernstein Tells Clients Bitcoin Has a Role in Asset Allocation
2.12.2020
Alliance Bernstein has told its clients that bitcoin has a role in investment portfolios. The head of the Portfolio Strategy team of the firm’s research arm said he has changed his mind about bitcoin after previously stating that it did not have a place in investment portfolios. Alliance...
Bitcoin Derivatives Firm ErisX Adds Cash-Settled Contracts After Physically-Settled Futures Fall Flat
1.12.2020
Cryptocurrency derivatives platform ErisX launched cash-settled bounded futures on Tuesday
Canada-Listed Investment Firm Sells All Its Ether, Monero to Buy More Bitcoin
27.11.2020
Cypherpunk Holdings says it financed additional bitcoin purchases with the "full liquidation" of positions in monero and ether