Alex McShane

Blog Info Bitcoin Magazine
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Stats Has written 32 posts about cryptocurrency

Aug 04 2021

“Bloomberg Crypto Outlook” Intelligence Report Is Bullish On Bitcoin

Aug 04 2021 Published at Bitcoin Magazine under tags  business

This month’s “Bloomberg Crypto Outlook” reports a bullish future trajectory for Bitcoin, stating “we see performance parallels that could get the benchmark crypto back on track toward $100,000.”This month’s “Bloomberg Crypto Outlook” reports a bullish future trajectory for Bitcoin, stating “we see...

Internet Pioneer Marc Andreessen Sends Mixed Bitcoin Signals in New Interview

Aug 04 2021 Published at Bitcoin Magazine under tags  business

Venture capitalist Marc Andreessen continues to send mixed signals on Bitcoin at a time when it remains unclear how supportive the influential firms he has founded are of the technology.Venture capitalist Marc Andreessen continues to send mixed signals on Bitcoin at a time when it remains unclear how supportive the influential firms he has founded are of the technology.In a new...

Public Miner Hut 8 Now Holds Over 4,000 Bitcoin Worth $150 Million

Aug 04 2021 Published at Bitcoin Magazine under tags  business

Publicly traded Hut 8 has seen its Bitcoin mining production increase by 50 percent in the wake of China's crackdown on its domestic industry.Hut 8 Mining, one of North America’s largest Bitcoin mining operations, revealed Wednesday it produced 300 bitcoin, or an average of 9.7 BTC per day, this July. All told, the figures were up 50 percent from previous months, an...

Aug 03 2021

SEC Chairman Draws Dividing Line Between Bitcoin, Crypto in Aspen Speech

Aug 03 2021 Published at Bitcoin Magazine under tags  markets

Incoming SEC Chairman Gary Gensler issued new comments about Bitcoin Tuesday, at times drawing a dividing line between the market’s largest cryptocurrency and imitators.In a speech at the Aspen Security Forum, incoming SEC Chairman Gary Gensler issued new comments about Bitcoin Tuesday, at times...

National Fast Food Chain Quiznos To Accept Bitcoin This Month

Aug 03 2021 Published at Bitcoin Magazine under tags  bakkt bitcoin business quiznos

National fast food chain Quiznos is set to begin accepting bitcoin payments through a new partnership with Bakkt.The pay with bitcoin in-store pilot is set to debut at select Quiznos locations in Denver later this month, according to a...

Hive Blockchain Has Purchased Over 10,000 Bitcoin Miners This Year

Aug 03 2021 Published at Bitcoin Magazine under tags  business

Public Canadian mining firm HIVE Blockchain has announced an order of 4,000 Bitcoin mining machines.The global Bitcoin mining arms race showed no signs of slowing down Tuesday, with public Canadian mining firm HIVE Blockchain announcing a recent order of 4,000 mining machines.Revealed in a...

US Infrastructure Bill Author Promises Bitcoin Miners and Coders Will Be Exempt

Aug 03 2021 Published at Bitcoin Magazine under tags  business

US lawmakers are moving to deny that provisions in a proposed $1 trillion infrastructure bill are intended to be as broad as interpreted by Bitcoin policy groups.US lawmakers are moving to deny that provisions in a proposed $1 trillion infrastructure bill now moving through Congress are intended to be as broad as interpreted by leading Bitcoin policy groups. Specifically, a spokesman for...

Aug 02 2021

Wells Fargo Now Offers Bitcoin & Crypto Exposure To Wealthy Clients

Business Insider reports that wealthy Wells Fargo clients can now get Bitcoin & crypto exposure through the bank.High-net-worth Wells Fargo clients can now get Bitcoin & crypto exposure, a company spokesperson informed Business Insider,...

Fortune 500 Financial Firm NCR to Acquire Bitcoin ATM Operator LibertyX

Aug 02 2021 Published at Bitcoin Magazine under tags  business

U.S. financial services firm NCR Corporation has announced an agreement to acquire LibertyX, a Bitcoin ATM operator launched in 2014.Public U.S. financial services firm NCR Corporation has announced an agreement to acquire LibertyX, a Bitcoin ATM operator launched in 2014....

Casa Launches Dollar Cost Average Bitcoin Buying Service

Aug 02 2021 Published at Bitcoin Magazine under tags  business

Casa is launching a product allowing users to purchase Bitcoin via automatic bank payments that are then sent straight to a user’s multisig wallet.Bitcoin security services startup Casa is launching a product allowing users to dollar-cost average (DCA) into Bitcoin, purchasing BTC via bank payments that are then sent straight to a user’s multisig wallet.DCA bitcoin buying solutions are growing popular...

Marathon to Invest $120 Million In 30,000 New Bitcoin Miners

Aug 02 2021 Published at Bitcoin Magazine under tags  business

Marathon Digital Holdings, Inc. announced today it will purchase 30,000 additional bitcoin miners for $120.7 million.One of the largest bitcoin mining companies in North America, Marathon Digital Holdings, Inc., announced today it will purchase 30,000...

Square Customers Buy $2.72 Billion Worth Of Bitcoin In Q2

Aug 02 2021 Published at Bitcoin Magazine under tags  business

Payments giant Square has revealed its customers bought $2.72 billion worth of bitcoin in the second quarter of 2021.In a new shareholder letter published Sunday, payments giant Square revealed customers bought $2.72 billion worth of bitcoin in Q2 of this year. Square's total Q2 net...

Jul 30 2021

$41 Billion Hedge Fund GoldenTree Has Added Bitcoin To Its Balance Sheet

GoldenTree, with $41 billion in assets under management, is one among a growing number of traditional hedge funds purchasing bitcoin.GoldenTree, run by Founder and Chief Investment Officer Steven Tananbaum, has added bitcoin to its balance sheet, The Street reported earlier today.GoldenTree, with $41...

The University Of Pennsylvania Continues to Hold Donated Bitcoin

The University of Pennsylvania confirmed today it still holds part of a $5 million donation it received earlier this year in Bitcoin.The University of Pennsylvania confirmed today it still holds part of a $5 million donation it received earlier this year in Bitcoin.As reported by...

The University Of Pennsylvania Received A $5 Million Bitcoin Donation Earlier This Year

The University of Pennsylvania received a $5 million bitcoin donation and confirmed it still holds some of the donation in Bitcoin.The University of Pennsylvania has received an anonymous bitcoin donation worth $5 million to its business school. The bitcoin gift was announced by the university with the amount of publicity...

One Of Germany’s Largest Asset Managers 'Considering' Bitcoin Investment

Jul 30 2021 Published at Bitcoin Magazine under tags  business

Dekabank is reportedly considering investing in Bitcoin after a new law takes effect Monday, though it says "no decision has been made yet."Dekabank, one of Germany’ largest asset managers, is considering investing in Bitcoin, a spokesman for the firm told Bloomberg today. The...

Bitcoin Miners Consider Relocating to Paraguay In Wake of China Ban

Jul 30 2021 Published at Bitcoin Magazine under tags  business

As many as eight China-based Bitcoin mining firms are said to be looking to relocate operations to Paraguay, home to abundant hydroelectric energy.As many as eight China-based Bitcoin mining firms are said to be looking to relocate operations to Paraguay in the wake of the country’s crackdown on its domestic industry. Estimates suggest this migration could take place over years, and that...

Jul 29 2021

MicroStrategy Pledges to Add More Bitcoin to Corporate Balance Sheet

Jul 29 2021 Published at Bitcoin Magazine under tags  business

CEO Michael Saylor struck a defiant tone during a Q2 investor call, pledging to add more Bitcoin to its balance sheet while continuing to advocate for the cryptocurrency.Publicly traded business intelligence firm MicroStrategy is pledging to add more Bitcoin to a corporate balance sheet that already includes 105,000 BTC worth roughly $4 billion. Speaking during...

Compass Mining To Offer U.S. Clients Tax-Efficient Bitcoin Mining

U.S. Clients of Compass mining can now mine bitcoin directly into a Choice Individual Retirement Account without triggering a taxable event.U.S. clients of Compass mining can now mine bitcoin directly into a Choice Individual Retirement Account without triggering a taxable event, per a press release sent to Bitcoin Magazine. Under the current tax laws, revenue from Bitcoin mining is taxed as...

PayPal to Expand Bitcoin Buying to UK, Says Wallet Withdrawals in Progress

Jul 29 2021 Published at Bitcoin Magazine under tags  business

PayPal's launch of Bitcoin buy and sell services in the U.K. could allow hundreds of thousands of customers to get exposure to its price movements.PayPal president and CEO Dan Schulman has issued new details about the payment giant’s Bitcoin and cryptocurrency services expansion.As part of the company’s Q2 earnings call Wednesday, Schulman hinted at the possibility buy and sell functionality would...

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