Browsing:Bitcoin

Asset management firm Stone Ridge launches BTC Lightning Network startup accelerator
2 years ago 1 min read

NYDIG launches the first startup accelerator focused on the Bitcoin Lightning Network

Stone Ridge, the parent company of Bitcoin company NYDIG, has launched In Wolf’s Clothing, the first startup accelerator focused on the Bitcoin Lightning Network and the Taro protocol (Wolf). The accelerator consists of 8-week programs in which the best founders and startup teams from around the world are brought to New York City and their lodging and travel expenses are covered. Teams that apply and are accepted into the program will receive a $250,000 guaranteed investment. A panel of judges will select one team to receive an additional $500,000 in funding during the demonstration day at the end of each

2 years ago 1 min read

Relai partners with Checkout.com to enable 24/7 bitcoin purchases

Relai is also improving its user interface to make acquiring bitcoin easier, as Europeans can now buy bitcoin instantaneously 24/7 using Visa, Mastercard, and Apple Pay. According to a press release issued to Bitcoin Magazine, Relai, a Swiss-based bitcoin software, has teamed up with Checkout.com to enable 24/7 bitcoin purchases in Europe through user-owned wallets. “We are happy to announce our relationship with Checkout.com at a time when it is more crucial for individuals to have control over their money,” said Julian Liniger, CEO and co-founder of Relai. With this collaboration, Relai becomes the first company in the region to

Tesla delivered its third-quarter results report, which revealed that it still had $218 million in bitcoin (BTC).
2 years ago 1 min read

Tesla still possess $218 million in Bitcoin

Elon Musk’s Tesla delivered its third-quarter results report, which revealed that the corporation had not adjusted its bitcoin stockpile and still had $218 million in bitcoin. Tesla did not record any impairment charges on the value of its holdings because the price of bitcoin stayed nearly the same at the end of the second and third quarters at little under $20,000 each. Tesla remains one of the largest publicly traded business Bitcoin holders, trailing only MicroStrategy and Galaxy Digital Holdings in terms of total holdings (130 000 BTC, or approximately $2.48 billion and $313 million, respectively). Tesla sold 75% of

El Salvadorans speak on BTC adoption
2 years ago 1 min read

Nearly 80% of El Salvadorans say the country’s Bitcoin strategy has been a failure

Only a little more than a year after El Salvador became the world’s first government to recognize Bitcoin (BTC) as legal cash, the policy looks to be unpopular among most inhabitants. According to a study conducted by the University of Central America (UCA), over 77% of El Salvadorans believe Bitcoin adoption has been a failure. Interestingly, despite the government’s efforts to popularize Bitcoin and cryptocurrencies, the study found that 75.6% of inhabitants said they had never used digital assets in 2022, when the whole digital asset market plummeted substantially. Furthermore, with President Nayib Bukele amassing more Bitcoin, another 77% of

The CEO of CryptoQuant said financial institutions have removed 48,000 bitcoins from Coinbase, which traditionally indicates a rise in price.
2 years ago 1 min read

Institutions withdrew 48,000 BTC from Coinbase, and CEO of CryptoQuant anticipates a price increase

According to the CEO of CryptoQuant, financial institutions have removed 48,000 bitcoins (BTC) from Coinbase, which traditionally indicates a rise in price. Related to Bitcoin, Peter Schiff asserts that BTC may cause the next leg to fall Santiment data aggregator has noted that whales have been buying up Bitcoin recently. Hodlers Whales’ BTC holdings soar to ATHs. Small and mid-sized wallets that hold between 0.1 and 10 BTC have grown their supply of the top cryptocurrency to a historic peak of 15.9% of the circulating supply, according to its most recent tweets. Since February of last year, the number of

morgan-stanley on Bitcoin
2 years ago 1 min read

Over 180 active crypto ETPs bet money on bitcoin (BTC) and Ether (ET), claims Morgan Stanley

Investment companies aren’t deterred by the drop, despite the crypto market going through one of the coldest downtrends. Investment firms have introduced an increasing number of exchange-traded funds over the past 11 months in the expectation that cryptocurrencies will finally succeed. Since the beginning of the bitcoin bear market, approximately 180 active crypto exchange-traded products (ETPs) and trust products have been released internationally, according to Morgan Stanley. In fact, the speedy introduction of these ETPs was not even hampered by a 70% reduction in the market’s total asset value, which fell to $24 billion. Morgan Stanley further stated that at

Walmart's CTO speaks on crypto adoption
2 years ago 2 mins read

Crypto will disrupt payments in a big way, says Walmart’s CTO.

Walmart’s CTO, Suresh Kumar, says crypto will play a significant role in payments throughout the metaverse and social media, as these platforms will play a significant role in how consumers learn about new products. Suresh Kumar, the global chief technology officer (CTO) of Walmart, predicts that in the future, customers will use cryptocurrencies to pay for both digital and tangible goods, making this a “major” area of disruption. On October 17, Kumar discussed Walmart’s views on digital assets while stating that “crypto will become an integral component of how people transact” for both physical and virtual items. Kumar was speaking

Charles Hoskinson responded to a photo of Kanye West sporting a cap bearing the name Satoshi Nakamoto
2 years ago 1 min read

Hoskinson reacts on JP Morgan closing Kanye West (Ye) bank account

Hoskinson claims that banks are actively promoting cryptocurrency after JP Morgan bank closed Ye (Kanye West) account. The statement was made by Charles Hoskinson, the founder of Cardano, in response to a photo of Kanye West sporting a cap bearing the name Satoshi Nakamoto after JPMorgan de-banked him. According to a tweet from Charles Hoskinson, the founder of Cardano, on October 17, “American banks have helped to advertise crypto better than the industry players.” In response to a photo of Kanye West sporting a cap bearing the name Satoshi Nakamoto after JPMorgan de-banked him, Hoskinson made the remark. According to

The Bitcoin whale sent $248 million worth of Bitcoin at the time of sending, from one unidentified wallet to another unidentified wallet.
2 years ago 1 min read

Bitcoin Whale Transferred Over $248,000,000 in BTC in the midst of market crash

A whale just moved tens of millions of dollars’ worth of Bitcoin (BTC) in the midst of a decline in the unsteady cryptocurrency markets. The Bitcoin whale sent 12,970 BTC, which were worth slightly more than $248 million at the time of sending, from one unidentified wallet to another unidentified wallet, according to whale watcher Whale Alert. According to information from decentralized network explorer Blockchain.com, the transaction cost about $22. At the time of writing, the price of one bitcoin is $19,717.77. The recipient address of the significant cryptocurrency transfer is currently the 66th-richest Bitcoin address and currently holds about

Crypto enthusiasts can now buy Elon Musk's Burnt Hair perfume with Bitcoin, Ethereum, Dogecoin, Shiba Inu, Bitcoin Cash, and more.
2 years ago 1 min read

Elon Musk accepts payment in BTC, ETH, DOGE, SHIB for his Burnt Hair perfume collection

Elon Musk is expanding the selection of products and services offered by his business that can be purchased using cryptocurrency. Musk calls Burnt Hair perfume, which the billionaire’s tunneling company, Boring Company, just released, “the finest fragrance on Earth.” Musk, the richest man in the world, saw an opportunity to profit from oddball products and released a perfume called “Burnt Hair,” which he claimed made a million dollars in just a few hours by selling 10,000 bottles. “With a name like mine, getting into the fragrance business was inevitable – why did I even fight it for so long!?” Musk

Inflation in the United States is currently 8.2%, a tenth of a percent higher than anticipated but lower than last month's 8.3%, according to newly released economic data.
2 years ago 1 min read

U.S. economic figures published show inflation is at 8.2%

Inflation in the United States is currently 8.2%, a tenth of a percent higher than anticipated but lower than last month’s 8.3%, according to newly released economic data. The Federal Reserve’s future policy, will be informed by the key consumer report, including interest rates, which reveals that inflation is slowing. However, it is reported to be more slowly than anticipated. This could lead to more interest rate increases from the central bank very soon. After two months of decline, data from the Producer Price Index (PPI) published yesterday showed that the rate of PPI inflation was 8.5% through September, up

U.S. inflation for September was higher than expectations, at 8.2% year-on-year, Bitcoin dropped by 4% in 30 minutes following the release.
2 years ago 1 min read

U.S. inflation comes in higher than expected, BTC dropped by 4% in the 30min following the release

U.S. inflation for September was higher than expectations, at 8.2% year-on-year. Bitcoin dropped by 4% in 30 minutes following the release. According to the most recent Consumer Price Index (CPI) data, U.S. inflation in September was hotter than anticipated, increasing by 0.4% from month to month. Along with this August-to-September increase, the year-over-year reading was 8.2%. Both of these numbers exceeded Bloomberg’s projections of 8.1% annually and 0.2% monthly. Prior to the release of this data on Thursday, all cryptocurrencies were down, and the prices fell after it. According to QCP Capital, bitcoin (BTC) typically declines by an average of

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