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Waste Coal-Converting Bitcoin Miner Stronghold Digital Mining Raises $100 Million
23.6.2021
On Tuesday, Stronghold Digital Mining, Inc., an ESG-friendly cryptocurrency miner announced it has raised $105 million in two private equity securities funding rounds. Stronghold’s operations convert waste coal into alternative energy in order to mine bitcoin and other cryptocurrencies....
Basketball Players in Canada to Be Paid in Bitcoin
19.6.2021
CEBL, the Canadian men’s basketball league, will offer its professional basketball players the option to receive a portion of their salary in cryptocurrency. The new payment option has been enabled through a partnership with the Canadian cryptocurrency exchange Bitbuy. Bitbuy to Convert...
Over 3,000 ATMs in Beijing can now convert digital yuan into cash
18.6.2021
The Agricultural Bank of China previously debuted digital yuan ATMs this January
Filipinos Can Now Cash in Crypto Without Fees Through Moneybees OTC Outlets
4.6.2021
PRESS RELEASE. With cryptocurrency adoption increasing in the Philippines, Filipino users are looking for ways to convert their digital assets into cash at an affordable rate. The Central Bank of the Philippines has recorded P76 billion (US$ 1.5B) worth of transactions processed by local virtual...
Bank of Israel Drafts Model of a Digital Shekel
13.5.2021
The central bank of Israel has offered a glance at what a digitalized version of the national fiat currency may look like. According to a released “draft model” of the coin, Israelis should be able to use the digital shekel in payments, even offline, and convert it to cash at...
Visa and Tala Join Forces to Boost Cryptocurrency Adoption for Underbanked Populations
6.5.2021
Payments giant Visa and financial services provider Tala have partnered to boost cryptocurrency adoption in emerging markets. The collaboration aims to “make it easier for underbanked consumers to convert, store, and use cryptocurrencies.” Visa and Tala Boosting Crypto Adoption...
NFL Player for Kansas City Chiefs Sean Culkin to Convert 100% of Salary to Bitcoin
26.4.2021
An NFL player for the Kansas City Chiefs, Sean Culkin, will convert all of his salary to bitcoin. A proponent of the cryptocurrency, Culkin said, “I believe we are in the beginning stage of bitcoin’s shift away from being extremely speculative, to a legitimate asset class viewed as...
Grayscale Reveals Intentions to Convert the Firm’s Bitcoin Trust Into an ETF
5.4.2021
On Monday, the digital currency asset manager Grayscale Investments announced intentions to file for a bitcoin exchange-traded fund (ETF) when permissible. The subsidiary of Digital Currency Group (DCG) says in regard to its crypto trust products that it always been the company’s intention...
Grayscale Still 'Commited' To Convert Its Bitcoin Trust to ETF
5.4.2021
Major US-based crypto investment company Grayscale Investments said they're "100% committed" to converting their Grayscale Bitcoin Trust into an exchange-traded fund (ETF). However, according to them, the timing will be driven by the regulatory environment.
"Each Grayscale product...
South African Companies Convert Cash Holdings Into BTC— Crypto Asset Is Hedge Against Devaluation
30.3.2021
New reports emerging from South Africa suggest privately held firms are converting a portion of their cash holdings into bitcoin as they seek to hedge against currency devaluation. According to one report, an open-source software specialist firm, LSD Open, could well be the first South African...
This Is How Satoshi Nakamoto Defended Bitcoin Mining & Converted A Skeptic
24.3.2021
Source: Adobe/4K_Heaven
Reddit users have been looking back with no small amount of nostalgia at a forum post by the Bitcoin (BTC) founder Satoshi Nakomoto that dates back to August 7, 2010 – and sees the network architect change a skeptic’s mind about the energy efficiency of mining BTC.
The...
Canadian firm planning to convert its Bitcoin trust to an ETF
3.3.2021
The Toronto-based investment firm will put the matter to a vote in April
Mad Money’s Jim Cramer Has a Plan to Save Gamestop With Bitcoin
1.3.2021
Mad Money host Jim Cramer thinks he has a solution to save troubled video game retailer Gamestop with the help of bitcoin. He suggests that Gamestop should raise money to buy the cryptocurrency, then convert its 5,000 locations into bitcoin stores. He believes his idea will work. Jim Cramer...
Dubai Based Crypto Investment Fund to Convert $750 Million Worth of BTC Into ADA and DOT Tokens
26.2.2021
A Dubai based crypto-based investment fund, FD7 Ventures says it will offload bitcoins worth $750 million and will use the proceeds to increase positions in Cardano and Polkadot tokens. According to FD7 Ventures, this switch to the two altcoins will help the fund to better serve the interests...
Jim Cramer thinks GameStop should convert their stores into crypto info centers
25.2.2021
The Mad Money host proposed that the company's brick and mortar shops could become "crypto-information palaces" in which gamers could buy and sell cryptocurrencies
Mastercard Will Start Supporting Cryptocurrencies Directly on its Network
11.2.2021
Payments giant Mastercard has announced that it is preparing to allow a number of cryptocurrencies to move through its network directly. Customers, merchants, and businesses will no longer need to convert cryptocurrencies into fiat currencies to transfer through the Mastercard network. Mastercard...
Soaring Sell Orders Contrast Sharply with Bitcoin’s Renewed Bull Run
2.2.2021
Alongside the cryptocurrency’s meteoric climb over the back half of 2020 and early 2021, a curious phenomenon has unfolded; heightened profit-taking and conversion to fiat currencies. Data collected by Simplex, a fiat-crypto gateway, underscores this seemingly paradoxical development....
Ark Investment Study Suggests BTC Value Will Rise by $40,000 if All S&P 500 Companies ‘Allocate 1% of Their Cash to Bitcoin’
1.2.2021
According to the findings of a study by Ark Investment Management (AIM), the value of bitcoin can potentially increase by $40,000 if all S&P 500 companies allocate 1% of their cash holdings to the crypto. Similarly, if all these companies were to convert 10% of cash holdings into bitcoin,...
Colombian Watchdog Says Companies Can Convert Capital to Bitcoin
31.12.2020
Big American companies like MicroStrategy have made the headlines this year with their bitcoin (BTC)-buying policies, but companies in Colombia may be set to follow suit – after a corporate watchdog in the nation green-lighted the practice of holding capital reserves in crypto.
In an official...
Elon Musk Ponders Tesla Putting Billions Into Bitcoin, Asking if Such Large Transactions Are Possible
21.12.2020
Tesla and Spacex CEO Elon Musk made a series of tweets about bitcoin on Sunday. One of them concerns whether it is possible to buy bitcoin in “large transactions,” particularly for Tesla to convert its U.S. dollar reserves into bitcoin. Microstrategy’s CEO told Musk that this move...