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Ripple Is Selling 33% of Its Stake in Moneygram


Ripple Labs Inc. is selling 4 million of its shares in Moneygram, or about a third of its total shareholding in the company. The decision seems in part to be motivated by the surging Moneygram share price and Ripple’s desire to cash out after buying the shares at a premium of $4.10 in 2019....

Poker Site Buys $100 Million of Bitcoin Every Month to Pay Players in BTC


A major online poker website has been buying millions of dollars of bitcoin every day to meet demand from players wanting to cash out in bitcoin. This amounts to $100 million in bitcoin a month as about 95% of players now demand payouts in the cryptocurrency. Poker Site Buys $100 Million of Bitcoin...

Paypal Bought 70% of All Newly Mined Bitcoin Last Month as Demand Rockets


Paypal bought up to 70% of all the newly mined bitcoin since the payments giant started offering cryptocurrency services four weeks ago. Now that’s according to estimates by hedge fund manager Pantera Capital, as revealed in its latest monthly blockchain letter. Together with Square’s...

Bitcoin Above USD 16,400 as More PayPal Users Start Buying Crypto


Bitcoin (BTC) extended its gains following the news that online payments giant PayPal opened its new crypto services to all its users in the US (excluding Hawaii), doubling the maximum dollar amount that could be spent on cryptoassets. "We are pleased to announce that all eligible PayPal...

Switzerland Approves Gazprombank to Offer Bitcoin Trading and Custody


Zurich-based Gazprombank, a subsidiary of Russia’s third-largest bank, has been approved by Switzerland’s financial regulator to offer a number of cryptocurrency services, including the buying, selling, trading, and custody of bitcoin. Gazprombank Approved to Offer Bitcoin Services...

Marathon Buys Additional 10,000 Antminers to Become Largest US Bitcoin Miner


Nasdaq-listed Marathon Patent Group is buying 10,000 of the more efficient Antminer S19 Pro bitcoin miners from Bitmain in a deal worth millions of dollars. ▪ Marathon said the deal would boost the company’s operations to 23,560 next-generation miners, “making it the largest...

Russian Central Bank Wants to Cap Bitcoin Buying at USD 7,800 a Year


Once again, Russia has a worrying idea for the local crypto industry and users as Russia’s Central Bank announced a new proposal that would seek to place an annual cap of around USD 7,800 (BTC 0.68) on crypto purchases for everyone in the country barring accredited investors. In an official...

GPU Manufacturer Nvidia Buys Chip Maker ARM for $40 Billion


California-based Nvidia is buying British computer chip designer Arm Holdings from Softbank Group Corp. in a deal worth $40 billion. Nvidia, which specializes in making hardware for video game consoles and the crypto mining sector, said in a press release that it would pay Softbank a combination...

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