Tag: nydig

Aug 26 2022

New York Digital Investment Group Announces Lightning Accelerator Project Called “In Wolf’s Clothing”

The Lightning accelerator, Wolf, will be based in Manhattan, New York and is exclusively non-remote. It will include mentorship, funding and work space.On August 26, 2022, Ross Stevens, CEO of Stone Ridge Holdings Group and executive director of the New York Digital Investments Group (NYDIG) subsidiary, made an impromptu appearance at BitBlockBoom in Austin, Texas, for a special announcement.Stevens has...

Jul 18 2022

Southland Credit Union To Enable Bitcoin Purchases In Partnership With NYDIG

The credit union will use NYDIG’s custody platform and infrastructure to enable its customers to buy, sell and hold bitcoin, but users cannot transfer bitcoin.Southland Credit Union will offer services to its customers allowing them to buy, sell and hold bitcoin on a custodial platform.Southland’s custodial partner is bitcoin bank NYDIG, making them the second credit union in the region to...

Jul 14 2022

New York Yankees Starts Paying Employees In Bitcoin

Jul 14 2022 Published at Bitcoin Magazine under tags  baseball business mlb news new york

The New York Yankees will leverage Bitcoin fintech NYDIG’s platform to allow its employees to convert part of their salary into bitcoin.The New York Yankees MLB team has partnered with NYDIG to enable its employees to be paid in bitcoin.NYDIG offers a benefits plan which allows employees to choose any portion of their salary to be converted into BTC with no...

Jun 29 2022

NYDIG study shows effect of regulation on BTC price

Jun 29 2022 Published at Coinscreed under tags  btc news nydig regulations

New York Digital Investment Group (NYDIG), a financial services company has quantified the impact of regulation on the global price of Bitcoin (BTC) in a recent study. Following regulatory developments affecting digital asset taxes, accounting, and payments, as well as determinations on the legitimacy of service providers and the digital assets themselves, NYDIG regularly examined […] The post...

Jun 21 2022

Deloitte, NYDIG Partner To Help Institutions Adopt Bitcoin

Leading international consulting firm Deloitte is partnering with NYDIG to onboard businesses to Bitcoin, including Fortune 500 companies.Deloitte has partnered with Bitcoin bank NYDIG to onboard businesses and further the adoption of BTC.Deloitte advises businesses worldwide, including 90% of the Fortune 500 companies. The partnership seeks to improve upon reliability and...

Jun 08 2022

Achieva Becomes Florida’s First Credit Union To Allow Customers To Buy Bitcoin

Achieva Credit Union released a new application that allows customers to buy and sell bitcoin, becoming the first of its kind in Florida to do so.Achieva Credit Union has become the first of its kind in Florida to allow customers to purchase bitcoin.The functionality was released in a new application on Tuesday.Customer curiosity for bitcoin rose once the credit union...

NYDIG Paper Claims Algorithmic Stablecoins Are Impossible And DeFi Too Risky

In “On Impossible Things Before Breakfast,” NYDIG uses the Terra/ LUNA collapse as a case study. The paper aims to prove that the algorithmic stablecoin concept is flawed in nature. It also takes aim at the current state of the DeFi stack and...

May 10 2022

NYDIG Partners With Jack Henry & Associates To Offer Bitcoin Services To Banks

Jack Henry & Associates has partnered with NYDIG to offer bitcoin services to legacy financial institutions in software as a service model.Jack Henry and Associates has partnered with NYDIG to enable its 7 million bank users access to bitcoin. Jack Henry will use its existing SaaS platform to enable payments to and from NYDIG.This service offers a new revenue stream for...

May 04 2022

Argo Blockchain receives $70M loan for Helios mining facility in Texas

May 04 2022 Published at Coinscreed under tags  argo blockchain helios news nydig texas

Argo Blockchain, a bitcoin miner based in Texas, has received a $70M loan from New York Digital Investment Group (NYDIG) to help purchase mining equipment for its Helios facility in Texas. The miner has signed a series of loan agreements with New York Digital Investment Group (NYDIG), a crypto-focused lender, under which the latter will […]

Mar 21 2022

What The HubSpot Bitcoin Company Data Breach Means For You (It’s Not Good)

Mar 21 2022 Published at Bitcoin Magazine under tags  blockfi business data feature hack

After CRM data platform HubSpot suffered a data breach targeting Bitcoin company data, customers are wondering if they’re at risk.You’ve undoubtedly seen the recent news of the HubSpot data breach targeting Bitcoin and cryptocurrency companies and are likely wondering what it all means. While this is not the first...

Data Leak At Unchained Capital, NYDIG, Swan & BlockFi. At The Same Time

What do Unchained Capital, NYDIG, Swan Bitcoin, and BlockFi have in common? Third-party providers. Even though the four companies confronted the data leak head-on and admitted their wrongs, the compromised security was someone else’s. Luckily, the data the bad actors stole was not critical financial information, but marketing-driven personal info. Terrible, to be sure, but not as terrible as it could have been....

Mar 11 2022

Mar 08 2022

Ukrainians Embrace Bitcoin for Daily Purchases: Report

Mar 08 2022 Published at Bitcoin Magazine under tags  bitcoin payments culture gold news nydig

NYDIG’s February report highlights how Ukrainian military support continues its influx by the millions as Russian Bitcoin transactions rise.$57 million have been donated for military support in Ukraine as of March 4. Russian Bitcoin transactions have increased as the BTC/RUB pair trades $62 million, but it does not seem to have affected the BTC price.Bitcoin is up roughly 9% for the...

Feb 01 2022

Get Paid in Bitcoin With NYDIG’s Bitcoin Savings Plan

The product caters to employers seeking to attract the best talent by offering payments in bitcoin.Leading U.S. companies can now offer their employees the option to get paid in bitcoin by opting into NYDIG’s newly launched product, Bitcoin Savings Plan. The offering is an employee benefit program through which the worker can choose what percentage of their paycheck they would like to...

Jan 25 2022

Flushing Bank To Offer Bitcoin Services Through NYDIG

Flushing Bank customers will be able to buy, sell, and hold bitcoin starting in Q1 2022.Flushing Bank customers will soon be able to buy, sell, and hold bitcoin directly within their online banking accounts.The NY State-chartered bank will enable the functionality in Q1 through NYDIG and Q2 Holdings.Q2 provides digital banking solutions to Flushing Bank.Flushing Bank, a New York...

Jan 06 2022

Community banks will soon enable Bitcoin services to customers, thanks to NYDIG and CSI

Jan 06 2022 Published at Coingape under tags  banks bitcoin bitcoin adoption bitcoin news btc

Bitcoin is making even more inroads to mainstream adoption as smaller financial institutions are also showing interest....

Jan 04 2022

Dec 20 2021

Bitcoin Miner Stronghold To Acquire 9,080 Rigs

The mining company has also signed a separate $54 million financing agreement with NYDIG.Bitcoin miner Stronghold has signed separate deals to purchase 9,080 rigs.The company also entered into an equipment-financing agreement with NYDIG for up to $54 million.“We expect to continue utilizing modest amounts of equipment financing,” Stronghold’s CEO said in a statement.Stronghold...

Dec 16 2021

Breaking: Deutsche Börse acquires majority stake in crypto finance

Dec 16 2021 Published at Coingape under tags  blockchain news btcbrl btcbusd btcdai btceur

Today, the German exchange operator, Deutsche Börse announced the completion of its fundraiser with the fintech firm, Crypto Finance AG, for which the company had first signed a deal in June this year. With its exclusive deal, Deutsche Börse declared that the company has acquired majority stake in Crypto Finance, and will now be able to The post Breaking: Deutsche Börse acquires majority...

Dec 15 2021

The Largest Credit Union In Idaho Now Offers Bitcoin Buying And Selling

The feature was made possible by a partnership between the credit union’s platform provider and NYDIG.The largest credit union in Idaho has integrated Bitcoin services into its platform.Idaho Central Credit Union customers can now buy, sell, and hold BTC from their banking accounts.The largest credit union in Idaho, U.S., has integrated Bitcoin services into its banking platform,...

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