Tag: business

Dec 05 2022

Riot Blockchain Announces Record High Hash Rate Capacity

Although hash rate capacity is at a record, mining conditions did lead to a relative underperformance in bitcoin received throughout the month.Riot Blockchain has released its unaudited production and operations updates for November 2022. According to the release, the company produced 521 BTC, a...

Data Suggests Bitcoin Miners Have Capitulated, Bottom Is Close

The inflection point in every bitcoin bear market is capitulation, and the mining sector may have just reached its own trough of bearishness.This is an opinion editorial by Zack Voell, a bitcoin mining and markets researcher.Bitcoin miners often suffer the brunt of bear market woes thanks to some of the industry's highest capital expenditures, smallest margins and most unreliable infrastructure. Although...

Built With Bitcoin Foundation Opens Bitcoin Technology Center In Ejisu, Ghana

The educational center hopes to create and maintain a Bitcoin circular economy and is focused on financial literacy and empowerment.The Built With Bitcoin Foundation (BWB) has opened a new Bitcoin Technology Center in Ejisu, Ghana, a city in Greater Kumasi, as a legacy for the inaugural Africa Bitcoin Conference. The center will be run by Ghanaians, for Ghanaians, according to a press...

Built With Bitcoin Opens Bitcoin Technology Center In Ejisu, Ghana

The educational center hopes to create and maintain a Bitcoin circular economy and is focused on financial literacy and empowermentThe Built With Bitcoin Foundation (BWB) has opened a new Bitcoin Technology Center in Ejisu, Ghana, a city in Greater Kumasi, as a legacy for the inaugural Africa Bitcoin Conference. The center will be run by Ghanians, for Ghanians, according to a press...

Dec 02 2022

European Bitcoin Company Relai Reports Record Volumes Despite ECB’s Bitcoin Warning

Dec 02 2022 Published at Bitcoin Magazine under tags  apps business ecb europe news

Despite a recent warning from European politicians on the dangers of bitcoin, the Swiss-based bitcoin app has published record results this month.Relai, a Swiss company that provides a non-custodial bitcoin wallet app, has reported that November 2022 was its best month in terms of volume and revenue. According to a press release sent to Bitcoin Magazine, the app saw an increase...

The FTX Ponzi: Uncovering The Largest Fraud In Crypto History

Modern day alchemy, unsurprisingly, failed. A deep dive into FTX and the events leading to the collapse of the now notorious crypto exchange....

Dec 01 2022

Stripe Touches Down on Solana With Orca DEX Integration

Dec 01 2022 Published at Crypto Briefing under tags  business orca solana stripe

The Orca onramp marks the first time Stripe has integrated with a decentralized exchange across any blockchain. Orca Integrates Stripe Stripe has come to Solana. Orca, a leading Solana-based decentralized...

Turning Garbage Into Digital Gold: The Rise Of Landfill Bitcoin Mining

Powering bitcoin mining operations with landfill waste is the latest trend in sector growth as miners capitalize on wasted and stranded energy resources.Powering bitcoin mining machines with literal garbage is an emerging trend within the mining sector as a crop of new companies focus on harnessing this abundant and otherwise wasted energy resource. Contrary to the prevalent political narrative that bitcoin mining...

Collapsing Crypto Yield Offerings Signal ‘Extreme Duress’

The leverage-fueled mania in crypto is over with yield arbitrage opportunities collapsing. How can companies still offer yield products above risk-free rates?...

Nov 29 2022

Crypto Lender BlockFi Files For Chapter 11 Bankruptcy

Nov 29 2022 Published at Blockonomi under tags  business

The FTX’s demise left the market with an open, untreated wound, making the crypto industry bleed. There are no heroes left - even CZ is in a dour mood. The Domino effect hit after a series of parties stuck in between had surfaced. On November 28, BlockFi, a prominent crypto lender, filed for Chapter 11 [...] The post Crypto Lender BlockFi Files For...

Nov 28 2022

Fidelity Begins Opening Retail Bitcoin Trading Accounts

Nov 28 2022 Published at Bitcoin Magazine under tags  broker business fidelity news retail

Certain users have received emails detailing their new access to purchase and sell bitcoin on the Fidelity platform.Fidelity, one of the world's largest financial services providers, has officially started opening retail bitcoin trading accounts. The development comes after their announcement of a wait list previously this month. According to a...

Crypto Lender BlockFi Files For Bankruptcy

The filing indicates that the firm could have up to $10 billion in liabilities, as contagion from FTX spreads.BlockFi has filed for chapter 11 bankruptcy, according to a press release.The lending platform is the latest victim of contagion within the industry that originated with the...

Nov 25 2022

$10 Million Raised for Onomy Protocol on Brink of Launch

Nov 25 2022 Published at Blockonomi under tags  business

The world of traditional and decentralised finance continues to converge, with large financial institutions continually exploring further DeFi integration, and VCs doubling down on web3 investments in the space. Despite the current squalls in the general market, large investors and companies remain undeterred when it comes backing upcoming protocols that will serve to change the [...] The post $10 Million Raised for Onomy...

Nov 24 2022

Binance Crypto Fund: To The Rescue But There Are Exceptions

Nov 24 2022 Published at Blockonomi under tags  business

Every day, money is in and out of the crypto market. When things went smoothly, everything seemed shiny. But things didn’t always go smoothly. FTX’s bankruptcy triggered the selling panic, turning the liquidity shortage of many platforms into a crisis. Amid the turmoil, Binance CEO Changpeng Zhao stepped in on Nov. 14, announcing the launch [...] The post Binance Crypto Fund: To The...

Nov 22 2022

How The FTX Collapse Could Leave Blockfolio Users Exposed

The data necessary to analyze previous Blockfolio entries is now mixed up into the massive cryptocurrency exchange’s collapse.This is an opinion editorial by Morgan Rockwell, founder of Bitcoin Kinetics.I'm not concerned with Sam Bankman-Fried allegedly...

Nov 19 2022

Crypto Lender Genesis Is On The Chopping Block As Contagion Continues

Genesis needs a $1 billion liquidity injection by Monday and Gemini sees significant bitcoin outflows as fears of insolvency spread throughout the industry....

Nov 17 2022

Blockstream Launches BOL2: Community For Bitcoin Development

Along with other bitcoin companies, Blockstream is spearheading a developer community to further Lightning and layer-2 development.Blockstream, a company focused on scaling bitcoin, is launching a platform to connect developers, entrepreneurs, and Bitcoiners from around the world to build on Core Lightning and the Liquid Network, per a release sent to Bitcoin Magazine. Build On L2 (...

FTX Exchange Release Day One Bankruptcy Filing: “Complete Failure”

The newly appointed CEO of FTX provides initial bankruptcy filing calling previous management a “complete failure” and details misuse of corporate funds.FTX Exchange, following the collapse of its business, has filed its first day declaration in bankruptcy court citing a "complete failure of corporate controls," per a court filing.John J. Ray...

Binance Mulls FTX White Knight Role—What Comes Next?

This incident will set us back a bit, but then the industry will become healthier, Binance CEO Changpeng CZ Zhao said in a CNBC interview today. Binance Weighs Rescue Plan...

Scarce City Launches Bitcoin ECommerce Platform SatsCrap

The marketplace lets users buy and list any legal products in return for bitcoin and is running a holiday promotion until November 28.Scarce City, a bitcoin-focused marketplace, has launched a marketplace that sells anything in exchange for bitcoin known as SatsCrap, per a release sent to Bitcoin Magazine. SatsCrap allows users to list or purchase products with...

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