Ahyke Otutubuike

Blog Info Bitcoin Magazine
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Stats Has written 12 posts about cryptocurrency

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...

Feb 17 2021

Bitcoin Will Persist In Nigeria, But The Ban Changes Things

Feb 17 2021 Published at Bitcoin Magazine under tags  nigeria regulation

You have probably heard the news about the Central Bank of Nigeria (CBN) imposing a ban on financial services for cryptocurrency exchange operators, as well as the incongruent excuses for its action. You may have also heard of several...

Bitcoin Will Persist In Nigeria, But The Ban Changes Things

Feb 17 2021 Published at Bitcoin Magazine under tags  business nigeria

Cryptocurrency trades were central to Nigeria before an exchange ban reminder was recently issued. So, how will things change now?Bitcoin Optech was founded in 2018 to bridge the...

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