Search results by “bitcoin”
BlockFi to sell bitcoin mining loans, retain talent
BlockFi plans to sell $160 million worth of bitcoin-backed mining loans amid bankruptcy proceedings. The company has also requested to pay bonuses to key talent to retain employees. The recent Bloomberg report revealed the company had started a bidding process for mining loans last year. However, some of those loans, which are around $160 million […]
Bitcoin and Ethereum turn bullish, data indicates
Bitcoin’s (BTC) price almost surpassed a 10-year record, and Ethereum (ETH) will reach some milestones in the second quarter of 2023 due to the upcoming mainnet update. If the price of bitcoin (BTC) continues to rise, which it has been doing daily for the past 15 days, it will overturn the record set by the […]
El Salvador passes digital assets law for Bitcoin-backed bonds
🔥 El Salvador just made history by passing a law allowing for Bitcoin-backed bonds 💰 and creating a government body to regulate all digital assets 💻 Let’s raise funds and build a Bitcoin City powered by volcano energy! 🌋
Binance’s bitcoin reserves are overcollateralized
Crypto exchange Binance has published a proof-of-reserves, audited by financial advisory firm Mazars, showing that Binance’s bitcoin reserves are overcollateralized. Binance underwent proof-of-reserves by Mazars on Nov. 22. To date, Binance bitcoin reserves were overcollaterised by 101%: At the time of assessment, Mazars observed Binance controlled in-scope assets in excess of 100% of their total […]
Bitcoin mining revenue at its lowest since 2020
Although bitcoin price correlates directly with the BTC mining industry, miners’ revenues have reached an all-time low since November 2020. According to data from Blockchain.com, total bitcoin mining revenue fell to $14.35M, last seen on Nov. 6, 2020, when bitcoin was trading at around $13,5K. Although bitcoin is currently trading around $16,5K, which suggests an […]
Regulators to Shut Down the Machankura Bitcoin Service
In August, South African software developer Kgothatso Ngako revealed a potentially groundbreaking service that could greatly enhance Bitcoin adoption rate all over Africa. The service named Machankura, which is a colloquialism for money in South Africa, allows traders with no internet access to buy and spend Bitcoin. However, according to the latest insider info, regulators […]
