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Aug 03 2021

LocalBitcoins Cuts Deposit, Transaction Fees Between Wallets In Platform To Zero

Person-to-person bitcoin exchange LocalBitcoins has announced it has cut down some fees on the platform to zero.Bitcoin exchange LocalBitcoins has announced that deposit fees and transaction fees between wallets in the platform are now free. Launched in 2012, the platform doesn't touch fiat currency itself; users can transact with each other leveraging the platform that only intermediates the process – introducing...

Bitcoin Miner Stronghold Acquires Second Power Plant, Could Double Capacity

Stronghold Digital Mining, a bitcoin miner powered by coal waste, has acquired a second coal refuse site in Pennsylvania with an 80 MW capacity.Bitcoin mining company Stronghold Digital Mining has reportedly acquired a second coal refuse site in Pennsylvania. The firm also said it was "currently in...

CleanSpark Provides Updates On Bitcoin Mining Operations, Outlines Expansion Plans

CleanBlok, the company's bitcoin mining division, currently has 7,500 rigs at 740 PH/s hashrate capacity powered by 95% carbon-free energy.CleanSpark, a software and services company that ventured into bitcoin mining in December 2020, announced some updates on its Bitcoin...

Aug 02 2021

Hodl Hodl Resurfaces With Explanations After Announcing Forced Liquidations, Lacking Communication

After arousing confusion with incomplete communication and forced liquidations on lending contracts, Hodl Hodl explains what happened.On August 1st, peer-to- peer bitcoin trading and lending platform Hodl Hodl tweeted that the company was upgrading its security measures and contacting users individually through email. A few hours later, the...

Voyager Ventures Into Digital Payments With New Acquisition, But Should Focus On Bitcoin

Voyager acquired Coinify, but their focus on stablecoins might leave their customers behind while Bitcoin walks toward full monetization.New York-based bitcoin and cryptocurrency trading platform Voyager announced today the acquisition of Coinify, a...

Bank Of America Sees Opportunities With El Salvador’s Bitcoin Adoption

BofA sees four upsides to Bitcoin adoption in El Salvador, including remittances, financial digitalization, and foreign investments.Nayib Bukele, President of the Central American country El Salvador, tweeted yesterday screenshots of an economic viewpoint report by the Bank of America (BofA). Along with detailing why the bank is constructive...

Jul 30 2021

Robo-Advisor Wealthfront Adds Bitcoin Exposure Offering

Robo-advisor giant Wealthfront will now let its 400,000 clients invest up to 10% of their portfolios in bitcoin through GBTC.Robo-advisor giant Wealthfront has announced it will provide its nearly 400,000 clients with the option to get bitcoin exposure through Grayscale Bitcoin Trust (GBTC).The firm, which provides a hands-free approach to investing and has...

Jul 29 2021

Israeli Draft Bill Aims To Force Investors To Report Bitcoin Holdings Above $61K

An Israeli draft bill seeks to demand that investors report bitcoin holdings above $61,000 to tax authorities, bitcoin advocates oppose.On Tuesday, a draft law was published by the Ministry of Finance of Israel that would demand investors there to report bitcoin holdings more significant than $61,000 to...

Greenidge Generation To Repurpose Old Coal Ash Landfill Into A New Solar Farm

Bitcoin miner Greenidge announced today its plans to expedite the closure of an old coal ash landfill and turn it into a solar farm.Bitcoin mining firm Greenidge Generation announced today its plans to expedite the closure of a forty-year-old coal ash landfill in the...

Jul 28 2021

LUXXFOLIO Begins Active Bitcoin Mining Operation

Vertically integrated bitcoin miner LUXXFOLIO has announced 80% of the company's first batch of rigs are up and mining.Vertically integrated bitcoin mining company LUXXFOLIO Holdings has announced that 80% of the first batch of miners the company received earlier this month are already up and mining.The new bitcoin mining...

Seetee Invests In Bitcoin Lightning Company Breez

Norwegian investment company focused on Bitcoin, Seetee, has become the newest investor in the Bitcoin and Lightning company Breez.Bitcoin payments company Breez has announced that Seetee, the bitcoin-focused subsidiary of Norwegian investment group Aker, has become their newest investor.“Seetee’s...

Genesis Digital Assets Raises $125 Million To Expand Bitcoin Mining Operations

Genesis announced a $125 million round of equity funding to further expand the bitcoin miner's industrial-scale operations.Genesis Digital Assets, a bitcoin mining company active since 2013, has announced a $125 million round of equity funding to support the firm's expansion plans.The...

Jul 27 2021

Utah Oil Producer Is Using Otherwise Wasted Gas To Mine Bitcoin

Jul 27 2021 Published at Bitcoin Magazine under tags  business energy waste gas mining oil

Wesco has stopped flaring excess natural gas and is now using it to mine bitcoin, reducing carbon emissions and increasing profits.Wesco Operating Co., an oil producer near Moab, Utah, found in Bitcoin a solution to a years-old problem – the wastage of natural gas that can’t be shipped to market, The Salt Lake Tribune...

Bitcoin Miner Stronghold Files For Nasdaq IPO

Jul 27 2021 Published at Bitcoin Magazine under tags  bitcoin mining ipo markets nasdaq sec

Stronghold, a bitcoin mining company powered by waste coal, has filed an S-1 form with the SEC for a $100 million IPO on the Nasdaq.Bitcoin mining company Stronghold Digital Mining has filed with the U.S. Securities and Exchange Commission (SEC) for a proposed $100 million initial public offering (IPO). The firm plans...

Crusoe Energy Seeking Loan To Expand Bitcoin Mining Operations

Crusoe, a data center company dedicated to mitigating gas flaring, is reportedly seeking a loan to expand its bitcoin mining operations.Datacenter firm Crusoe Energy Systems is sounding investor interest for a loan to expand its bitcoin mining business, Bloomberg...

Solteir Mining To Power Operations With Solar Energy In Partnership With OPTEC

Bitcoin mining company Solteir announced a partnership with OPTEC to have its mining operations in Pennsylvania run on clean solar energy.Bitcoin mining firm Solteir announced its new renewable energy mining partnership with OPTEC...

Jul 26 2021

Bitcoin IRAs Are Rising In Popularity In The U.S.

Bitcoin-funded IRAs are surging in popularity in the U.S. as Americans seek a wealthier retirement.Bitcoin-funded Individual Retirement Arrangements (IRAs) have surged in popularity in 2021, CNBC reported. Americans have flocked to retirement arrangements powered by Bitcoin as the Federal Reserve has...

Bank Of England 'Britcoin' Will Fuel Rising Bitcoin Prices, Says deVere CEO

Nigel Green has reportedly commented on the UK's new CBDC initiative, remarking how it might backfire and help propel Bitcoin adoption.Nigel Green, CEO of independent financial advisor and asset manager deVere Group, reportedly said that the Bank of England's rumored digital currency Britcoin, which aims to overtake Bitcoin, will backfire.Green's comments come after it was...

Bitcoin Awareness And Adoption In Singapore Is Huge

Jul 26 2021 Published at Bitcoin Magazine under tags  adoption bitcoin culture irci singapore

The IRCI Singapore found that 90% of citizens have heard of Bitcoin while 40% own it, with 39% of Singaporeans seeing it as an investment.An independent research survey published today examined Singapore's awareness, adoption, trust, and confidence in Bitcoin and cryptocurrencies, finding a 63...

Jul 23 2021

Bitcoin ATMs Are Popping Up To Meet Demand And Propel Mainstream Adoption

Jul 23 2021 Published at Bitcoin Magazine under tags  adoption bitcoin atm business texas

Bitcoin ATM units in the U.S. have nearly doubled in a year, indicating a growing demand from retail investors who seek convenience.Bitcoin ATMs are popping up across the U.S. as Bitcoin adoption grows. The machines provide a convenient, hassle-free experience for anyone to purchase bitcoin, meeting the growing demand across the country – with some tradeoffs.In less than a year, bitcoin...