Oluwapelumi Adejumo

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Apr 12 2021

Bitcoin Miner Manufacturer Canaan Expects Major Growth In 2021

Apr 12 2021 Published at Bitcoin Magazine under tags  business canaan

In a 2020 financial results release, bitcoin mining rig manufacturer Canaan laid out a case for major profit growth in 2021.Canaan, a Bitcoin mining equipment manufacturer, has released its unaudited 2020 financial results, including an estimate of $5.9 million in total net revenue for the fourth quarter of last year and total net revenue of $68.6...

Galaxy Digital Files For Bitcoin ETF, Joining Growing List

Apr 12 2021 Published at Bitcoin Magazine under tags  bitcoin etf galaxy digital markets

Galaxy Digital is now among the handful of groups that have filed for regulatory approval to offer a bitcoin ETF.Galaxy Digital, a digital-asset- focused investment firm owned by Mike Novogratz, has submitted a bitcoin exchange-traded fund (ETF) proposal to the U.S. Securities and Exchange Commission (SEC). The move sees Galaxy Digital join a steadily growing list of applicants interested in regulatory approval to...

Apr 09 2021

Bitcoin Surge Has Kraken Considering Direct Listing

Apr 09 2021 Published at Bitcoin Magazine under tags  business exchanges kraken

Cryptocurrency exchange Kraken is reportedly considering following in Coinbase’s footsteps and conducting a direct public listing.In a move that would significantly cement the position of bitcoin and cryptocurrency exchanges as major businesses, Kraken, a prominent U.S.-based exchange, is reportedly considering going public next year via direct listing, according to...

Robinhood Saw Cryptocurrency Trading Spike To 9.5 Million Customers In Q1

Apr 09 2021 Published at Bitcoin Magazine under tags  markets robinhood

Robinhood announced major growth in the number of customers making cryptocurrency trades — up to 9.5 million in the first quarter of 2021.Financial services company Robinhood has announced that in the first quarter of the year, the number of its customers who traded cryptocurrency spiked to an all-time high of 9.5...

Apr 08 2021

Riot Acquires Whinstone With Intent On Operating North America’s Largest Bitcoin Mining Facility

North American bitcoin mining company Riot will acquire Whinstone and add 300 MW of capacity to its operations.Bitcoin mining is a business that requires lots of power to be put toward computing. Now, in a new acquisition that significantly changes the face of the practice in North America, bitcoin mining company Riot Blockchain...

Caruso To Accept Rent In BTC, Allocate Portion Of Treasury To BTC

Apr 08 2021 Published at Bitcoin Magazine under tags  business caruso real estate

Major real estate company Caruso will be accepting rent payments in bitcoin and has allocated a portion of its treasury to BTC.The last few weeks have been excellent with Bitcoin, with financial giants like Goldman Sachs and...

Apr 07 2021

Ukraine’s Civil Servants Report Owning $2.6 Billion Of Bitcoin

Apr 07 2021 Published at Bitcoin Magazine under tags  business government ukraine

A Ukranian government data report indicates that public officials there have declared owning 46,351 BTC, with several whales among them.According to Ukranian government data transparency provider Opendatabot, civil servants in the country have declared owning a total 46,351 BTC (worth some $2.6 billion at the time of this writing).The declarations...

Mar 31 2021

Goldman Sachs To Offer Clients Bitcoin Investment Vehicles

Mar 31 2021 Published at Bitcoin Magazine under tags  business goldman sachs

According to a report from CNBC, Goldman Sachs will soon offer its private wealth management clients exposure to bitcoin.CNBC has reported that Goldman Sachs plans to offer investment vehicles for BTC and other digital assets soon. Mary Rich, who now spearheads digital assets for the bank’s...

Mar 30 2021

Bitcoin Gets Big Boost As PayPal Announces Cryptocurrency Checkout Service

Mar 30 2021 Published at Bitcoin Magazine under tags  business payments paypal

Payments giant PayPal has launched the ability to use bitcoin and other cryptocurrencies as payment methods.PayPal has revealed that it has launched a new service that allows its customers in the United States to use bitcoin and other cryptocurrencies as payment to merchants. According to Reuters, the new...

Mar 26 2021

Kentucky Governor Signs Bitcoin Mining Incentive Bill Into Law

A new law in Kentucky will provide tax exemptions to cryptocurrency mining operations and attract them to the state.The governor of Kentucky, Andy Beshear, has signed a bill meant to incentivize cryptocurrency miners to set up shop in the state into law. The new law “provides sales and use tax exemptions on the tangible personal property directly used...

Mar 24 2021

Russia Reportedly Plans To Track Bitcoin-To-Fiat Sales

Mar 24 2021 Published at Bitcoin Magazine under tags  culture russia surveillance

According to local news reports, a Russian financial monitoring service will be tracking bitcoin-to-fiat transactions.Authorities in Russia are planning to track transactions involving the exchange of bitcoin for rubles, according to a report from the local news agency Regnum. Per the report, the country’s deputy head of Moscow’s financial monitoring...

Mar 22 2021

SkyBridge Capital Files For Bitcoin ETF

SkyBridge Capital, founded by Anthony Scaramucci, is the latest to file for regulatory approval to offer a bitcoin exchange-traded fund.In the latest within a growing trend, SkyBridge Capital has filed for regulatory approval with the U.S. Securities and Exchange Commission (SEC) to offer a bitcoin exchange-traded fund (ETF).In an...

Mar 18 2021

Pakistan To Build Two Mining Farms As Government Looks To Participate In Bull Run Directly

Mar 18 2021 Published at Bitcoin Magazine under tags  culture mining pakistan

A government minister overseeing new cryptocurrency policy in Pakistan said that a local province will build two hydroelectric mining farms.According to a report from Reuters, Pakistan’s Khyber Pakhtunkhwa province is planning to build two hydroelectric-powered pilot cryptocurrency mining farms....

Mar 17 2021

Morgan Stanley Set To Offer Clients Access To Bitcoin Funds

Mar 17 2021 Published at Bitcoin Magazine under tags  markets morgan stanley

One of the biggest investment banks in the U.S. will allow clients to invest in bitcoin funds, signaling a new attitude toward the asset.A recent report from CNBC has indicated that Morgan Stanley, one of the biggest banks...

Mar 16 2021

BitMEX Founder Surrenders to U.S. Authorities, Pleads Not Guilty

Mar 16 2021 Published at Bitcoin Magazine under tags  arrest bitmex business

BitMEX cofounder Benjamin Delo has turned himself in following charges that the exchange skirted AML laws.Reports have emerged that one of the cofounders of leading cryptocurrency derivatives platform BitMEX, Benjamin Delo, has surrendered to authorities in the United States. Delo faces charges that he violated the country’s anti-money laundering (AML) laws during his time at the exchange. Delo, who...

Mar 09 2021

Setee Partners With Blockstream For Bitcoin Mining Development

Mar 09 2021 Published at Bitcoin Magazine under tags  blockstream business mining seetee

Blockstream has announced a partnership with the newly-launched Seetee to accelerate renewable energy use for bitcoin mining.After an influx of top-U.S. companies investing in bitcoin, it appears that the rest of the world is beginning to play catch up. Yesterday, Norwegian holding company Aker ASA...

Seetee Partners With Blockstream For Bitcoin Mining Development

Mar 09 2021 Published at Bitcoin Magazine under tags  blockstream business mining seetee

Blockstream has announced a partnership with the newly-launched Seetee to accelerate renewable energy use for bitcoin mining.After an influx of top-U.S. companies investing in bitcoin, it appears that the rest of the world is beginning to play catch up. Yesterday, Norwegian holding company Aker ASA...

Mar 03 2021

Kentucky Lawmakers Approve Bitcoin Miner Incentive Bill

Kentucky legislators have approved a bill that would offer tax incentives to bitcoin miners that set up shop in the state.An overwhelming majority of lawmakers in Kentucky has just approved a bill that seeks to make the state a very attractive option for bitcoin mining operations. The primary bill to receive approval,...

Feb 20 2021

Bitcoin Hits $56,000, What’s Next?

Feb 20 2021 Published at Bitcoin Magazine under tags  $50000 bitcoin price investing

In January 2021, Bloomberg Analyst Mike McGlone predicted that the price of bitcoin would hit $50,000 at some point this year. At the time, the value of the leading crypto asset was merely hovering above $30,000, and the $50,000 mark felt a very long way off. Less than a full month later and the cryptocurrency king has not only passed $50,000 — a...

Bitcoin Hits $56,000, What's Next?

Feb 20 2021 Published at Bitcoin Magazine under tags  $50000 bitcoin price markets

Bitcoin’s rapid price rise has brought it to another milestone. So, what could be next for the best performing asset of recent memory?The bitcoin price is rising.In January 2021, Bloomberg Analyst Mike...

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