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US Bitcoin Mining Firm Layer1 in Legal Tussle Over Power Plant Ownership

3.11.2020
Layer1 Technologies is facing a lawsuit from a co-founder who claims he invested millions of dollars and was then forced out of the firm

China’s digital yuan is ‘a long way’ from beating USD says financial firm exec

3.11.2020
Sounds like its CBDC is unlikely to dethrone the United States dollar as the world’s reserve currency anytime soon

Court Filing Accuses Bitmex Cofounders of ‘Looting’ $440 Million Before the Fed Crackdown

2.11.2020
A civil lawsuit has been filed against the firm HDR Global Trading Limited, the parent company of the exchange Bitmex, alongside the three cofounders Arthur Hayes, Ben Delo, and Samuel Reed. Plaintiffs allege “the defendants’ Hayes, Delo, and Reed looted about $440,308,400 of proceeds...

Bitcoin adoption could reach 90% by 2030, investment firm founder claims

29.10.2020
Adoption started slow, but has ramped up with the passage of time

Blockchain Firm Figment Raises $2.5M in Funding Round Led by Bonfire Ventures

29.10.2020
Figment said the latest round will enable it to continue developing its blockchain staking, governance and developer tools

Australian Firm to Accept Tether in Sydney Stock Exchange IPO Bid

29.10.2020
The Australian capital-raising platform STAX has announced that its client the West Coast Aquaculture Group (WCA) is to become the country’s first business to launch an initial public offering (IPO) that will accept a blockchain-powered token, the stablecoin tether (USDT), as part of...

Coinbase Launches Cryptocurrency Visa Card in the US

29.10.2020
U.S. customers can now apply for the Coinbase Visa, a card that allows users to spend digital assets anywhere Visa is accepted. In addition to the U.S. launch, Coinbase cardholders will be able to earn up to 4% back in stellar or 1% back in bitcoin. A while back, the San Francisco-based...

Overstock’s Medici Ventures Invests $8M in Blockchain Firm Bitt

28.10.2020
Medici Ventures has completed a third equity purchase in Barbados-based Bitt, bringing it a controlling interest in the blockchain firm

MicroStrategy’s $425M Bitcoin Bet ‘Elevating Firm’s Profile,’ Say Executives

27.10.2020
Bitcoin is boosting MicroStrategy's market visibility, say executives. Revenues rose 6.4% year-over-year and the company notched a net loss of $14.2 million for the quarter

Onchain Data Shows Rising Bitcoin Whale Index Surpassing 4-Year High

27.10.2020
Onchain analytics from the research and analysis firm Glassnode shows that the number of bitcoin whales (addresses with at least 1,000 bitcoins) has surpassed 1,900 clusters. The number of network participants in terms of 1,000 coin whales hasn’t been this high since 2016. Seven-day trailing...

British fintech firm opening physical crypto bank branches in India

26.10.2020
The new venture will reportedly include 34 “physical branches and operations” in northern India

PayPal-Backed Blockchain Analytics Firm Hires Former US Treasury Adviser

26.10.2020
TRM Labs, a blockchain analytics firm with backing from PayPal, is adding Ari Redbord as its head of legal and government affairs

Voyager Digital Buys European Crypto Exchange Focused on Institutional Investors

24.10.2020
Crypto-asset broker Voyager Digital Ltd is buying LGO Markets, a French cryptocurrency exchange focused on corporate investors. The two firms will merge under one brand, Voyager, and their two separate native tokens, VGX and LGO, will also merge. The deal grants Voyager, a Canadian Securities...

Bitcoin Businesses on the Mend: Report Shows 57% of Crypto Execs Expect the Industry to Accelerate, Companies Are Hiring

23.10.2020
Digital Currency Group (DCG) recently published the firm’s “State of Crypto 2020” report which polls more than 150 portfolio crypto companies. According to the study, 75% of the respondents believe the value of their business has grown this year, while 50% of the startups have...

Grayscale Adds $300 Million in Cryptocurrency Assets Under Management in Just 24 Hours

23.10.2020
Grayscale Investments said Thursday that it added $300 million in net assets under management (AUM) in just the last 24 hours. ■ The firm now has a record $7.3 billion in total AUM, according to a tweet by Barry Silbert, chief executive officer of the Digital Currency Group, Grayscale’s...

Goldman Sachs to Settle Massive Corruption Case for $2.8 Billion With US Government

22.10.2020
Goldman Sachs has reportedly agreed to settle with the U.S. government over its role in a corrupt Malaysian government investment fund, which is one of the firm’s worst scandals since the financial crisis. In addition, Goldman Sachs previously agreed to pay the Malaysian government billions...

$10 Billion in BTC Reserves: Companies With Bitcoin Treasuries Command Close to 4% of the Supply

21.10.2020
The web portal bitcointreasuries.org now shows close to two dozen firms with a large number of bitcoin reserves. Currently, the aggregate total bitcoin held in reserves by the 23 companies listed is roughly 785,999 BTC worth well over $10 billion dollars. This past August the billion-dollar firm...