Ahyke Otutubuike

Blog Info Bitcoin Magazine
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Stats Has written 22 posts about cryptocurrency

Jun 07 2021

Deutsche Bank Sees Rising Inflation As A Ticking Economic "Time Bomb"

Jun 07 2021 Published at Bitcoin Magazine under tags  deutsche bank inflation markets

Contrary to many financial institutions, analysts at Deutsche Bank have warned of global consequences that will stem from fiat inflation.Deutsche bank has forecasted an economic crisis following the rise of U.S. dollar inflation, making it...

May 21 2021

Bitcoin Mining Firm BIT To Invest $25 Million In Texas Data Center

China’s BIT Mining Limited, a major bitcoin mining firm, has invested $25 million to build a data center in Texas.According to a recent press release, major bitcoin mining firm BIT Mining Limited has entered a binding investment term sheet with Dory Creek LLC,...

May 19 2021

Inner Mongolia Establishes Hotline To Report Illegal Bitcoin Mining Operations

Inner Mongolia, which recently banned bitcoin mining, has established a hotline for reporting illegal operations.In an announcement published yesterday, the The Inner Mongolia Development and Reform Commission (DRC) revealed that it has set up a hotline for reporting illegal Bitcoin mining operations taking place in the region....

May 05 2021

Grayscale Becomes First-Ever Bitcoin Company To Partner With NFL Team

May 05 2021 Published at Bitcoin Magazine under tags  business grayscale nfl sports

Bitcoin investment firm Grayscale has partnered with the NFL’s New York Giants and will provide cryptocurrency education to personnel.Cryptocurrency asset manager Grayscale Investments announced today that it has become the firm bitcoin-focused company to officially...

Apr 28 2021

CEO Of Morton's, Bubba Gump Shrimp, Says Restaurants Will Start Accepting Bitcoin This Week

Apr 28 2021 Published at Bitcoin Magazine under tags  business landry's nba payments

Tilman Fertitta, CEO of Landry’s, said that the vast majority of its restaurants will start accepting bitcoin, with some doing so this week.The chairman of Landry’s hospitality group, operator of restaurant chains like Morton’s steakhouses and Bubba Gump Shrimp Co., said in a recent...

Apr 26 2021

JPMorgan Reportedly Planning To Offer A Bitcoin Fund

Apr 26 2021 Published at Bitcoin Magazine under tags  jpmorgan markets

A news report indicates that JPMorgan will soon offer an “actively-managed” bitcoin fund to clients.JPMorgan Chase & Co. is preparing to allow its clients to invest in an “actively-managed” bitcoin fund, according to CoinDesk.“The JPMorgan bitcoin funding could roll out as soon as this...

Apr 16 2021

Turkey Bans Bitcoin Payments As Lira Crashes

Apr 16 2021 Published at Bitcoin Magazine under tags  ban culture regulations turkey

The Central Bank of the Republic of Turkey has instituted a ban on cryptocurrency payments, as its own fiat currency is devalued.Turkey has instituted a ban on all cryptocurrency payments as its own fiat currency, the lira, is failing. The ban is said to commence at the end of April. “Payment...

Apr 15 2021

Coinbase Reaches $85.7 Billion Valuation After First Day Of Trading

Apr 15 2021 Published at Bitcoin Magazine under tags  coinbase markets

After its first day of trading as a publicly-listed company, cryptocurrency exchange Coinbase settled at a $85.7 billion valuation.Major cryptocurrency exchange Coinbase settled at an $85 billion valuation following its first day of public trading on Nasdaq, per The Wall Street Journal.“Shares of Coinbase,...

Apr 14 2021

Gryphon Raises $14 Million For Zero-Carbon Bitcoin Mining Operation

Gryphon Digital Mining has raised $14 million for a zero-carbon bitcoin mining operation.According to a release, Gryphon Digital Mining has raised $14 million in a Series A fundraise for the launch of a zero-carbon footprint...

Apr 13 2021

Crypto Council For Innovation Report: Criminals Will Move Away From Bitcoin

Apr 13 2021 Published at Bitcoin Magazine under tags  criminal activity culture

A recent report co-authored by an ex-CIA director has found that criminals will increasingly move away from using Bitcoin.A recent report published by the pro-cryptocurrency lobbying group Crypto Council...

Apr 12 2021

COPA Suing Craig Wright Over Bitcoin White Paper Claims

Apr 12 2021 Published at Bitcoin Magazine under tags  business copa craig wright square

The Cryptocurrency Open Patent Alliance (COPA) has announced that it is suing Craig Wright over his Bitcoin white paper copyright claims.The Cryptocurrency Open Patent Alliance (COPA) has announced that it has initiated a lawsuit to declare that Craig Wright does not have copyright ownership over the Bitcoin white paper."Today, COPA...

Apr 08 2021

NYDIG Raises $100 Million, Details Bitcoin-Powered Insurance Strategy

Apr 08 2021 Published at Bitcoin Magazine under tags  business fundraising insurance nydig

NYDIG has announced a $100 million raise of growth capital with strategic partnerships and hires for a bitcoin-powered insurance strategy.In an April 8, 2021 release,...

Apr 06 2021

Lightning Network Reaches 10,000 Nodes

Apr 06 2021 Published at Bitcoin Magazine under tags  lightning network technical

Bitcoin’s Lightning Network has more than 10,000 operating nodes, nearly doubling within a year.Rising by approximately 100 percent since this time last year, the number of nodes operating on Bitcoin’s Lightning Network nodes has been rising, according to data from Bitcoin Visuals. As of April 5, 2021, there were 10,394 Lightning Network nodes with channels...

Apr 05 2021

Bitcoin’s “Kimchi Premium” Hits 15 Percent

Apr 05 2021 Published at Bitcoin Magazine under tags  markets south korea

The so-called “Kimchi premium,” or bitcoin price difference in South Korea, has hit 15 percent.With TradingView reporting a $57,000 BTC price for U.S.-based exchange Coinbase and a $66,000 for South Korea’s Bithumb at the time of this writing, the Kimchi premium, or difference between the bitcoin price...

Apr 02 2021

IRS Summons Of Circle And Poloniex User Data Authorized

Apr 02 2021 Published at Bitcoin Magazine under tags  business circle exchanges irs poloniex

An IRS summons compelling Circle to provide data on customers who made significant cryptocurrency transactions has been authorized.According to an April 1, 2021, release from the U.S. Department of Justice, a federal court in Manhattan has entered an order authorizing the IRS to...

Apr 01 2021

Morgan Stanley Files To Offer Bitcoin Exposure Through Institutional Funds

Apr 01 2021 Published at Bitcoin Magazine under tags  business morgan stanley

Morgan Stanley has filed to offer bitcoin exposure through its institutional funds.In a March 31, 2021, filing, Morgan Stanley revealed that a number of its institutional funds are seeking to offer exposure to bitcoin. This exposure would be indirectly through cash-settled futures or through investments in the...

Mar 22 2021

Tropic Square Receives $4.7 Million To Develop Open-Source Security Chip

Tropic Square, a subsidiary of SatoshiLabs, announced $4.7 million in funding for its work on the first-ever open-source security chip.Earlier today, Prague-based crypto security startup Tropic square, a subsidiary of SatoshiLabs, announced that it received a 4 million euro (about $4.776 million) investment to propel its work on the first-ever open-source security chip. The funding came from Swiss investment...

Mar 11 2021

Rep. Warren Davidson Reintroduces Token Taxonomy Act

U.S. Representative Warren Davidson has reintroduced the Token Taxonomy Act to provide regulatory clarity around digital currencies.U.S. Representative Warren Davidson reintroduced the Token Taxonomy Act, a bill designed to provide regulatory clarity to blockchain-based businesses and digital currency users, according to a press release sent to Bitcoin Magazine.If passed, the act would amend the...

Mar 08 2021

Galaxy Digital Is Launching A Canadian Bitcoin ETF Tomorrow

A bitcoin ETF managed by Galaxy Digital expects to go live in Canada tomorrow.As filings for the first approved bitcoin exchange-traded fund (ETF) in the U.S. pile up, CI Global Assets Management (CI GAM) has announced that its bitcoin ETF will hit the Toronto Stock Exchange (TSX) this week....

Mar 03 2021

Race For The First Bitcoin ETF In The U.S. Is Heating Up

With multiple regulatory filings for approval of a U.S. bitcoin ETF in place, it appears that such a product is imminent.Following multiple regulatory filings, we will likely see the first bitcoin exchange-traded fund (ETF) come to market in the United States soon. In late January, Valkyrie Digital Assets...

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