Tag: business

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...

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...

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...

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...

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...

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

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...

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...

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

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...

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...

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...

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...

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...

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...

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

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 (...

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...

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...

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...